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6666

Evergrande Property Services Group SEHK:6666 Stock Report

Last Price

HK$2.30

Market Cap

HK$24.9b

7D

0%

1Y

-73.6%

Updated

15 Jun, 2022

Data

Company Financials +
6666 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends0/6

6666 Stock Overview

Evergrande Property Services Group Limited, an investment holding company, provides property management services in the People’s Republic of China.

Evergrande Property Services Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Evergrande Property Services Group
Historical stock prices
Current Share PriceHK$2.30
52 Week HighHK$10.06
52 Week LowHK$1.71
Beta0
1 Month Change0%
3 Month Change2.68%
1 Year Change-73.59%
3 Year Changen/a
5 Year Changen/a
Change since IPO-73.80%

Recent News & Updates

Shareholder Returns

6666HK Real EstateHK Market
7D0%4.3%2.1%
1Y-73.6%-34.5%-23.3%

Return vs Industry: 6666 underperformed the Hong Kong Real Estate industry which returned -33.9% over the past year.

Return vs Market: 6666 underperformed the Hong Kong Market which returned -21.5% over the past year.

Price Volatility

Is 6666's price volatile compared to industry and market?
6666 volatility
6666 Average Weekly Movementn/a
Real Estate Industry Average Movement6.3%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: Insufficient data to determine 6666's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 6666's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
199781,136Changlong Zhaohttps://www.evergrandeservice.com

Evergrande Property Services Group Limited, an investment holding company, provides property management services in the People’s Republic of China. The company manages a portfolio of properties, including mid- to high-end residential properties, offices buildings, commercial properties, theme and industrial parks, healthcare complexes, themed towns, schools, etc. It offers property management services, including butler, security, cleaning and greening, and repair and maintenance services to residents, property developers, and tenants of non-residential properties. The company also provides value-added services, such as preliminary property management services comprising construction site and sales office management, and consulting services; pre-delivery services consisting of properties cleaning and inspecting; properties repair and maintenance services; and property transaction assistance services to non-property owners.

Evergrande Property Services Group Fundamentals Summary

How do Evergrande Property Services Group's earnings and revenue compare to its market cap?
6666 fundamental statistics
Market CapCN¥21.35b
Earnings (TTM)CN¥3.44b
Revenue (TTM)CN¥13.70b

6.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6666 income statement (TTM)
RevenueCN¥13.70b
Cost of RevenueCN¥8.50b
Gross ProfitCN¥5.20b
Other ExpensesCN¥1.77b
EarningsCN¥3.44b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin37.96%
Net Profit Margin25.07%
Debt/Equity Ratio3.0%

How did 6666 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 6666 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6666?

Other financial metrics that can be useful for relative valuation.

6666 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA1.6x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 6666's PE Ratio compare to its peers?

6666 PE Ratio vs Peers
The above table shows the PE ratio for 6666 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.4x
1528 Red Star Macalline Group
5.3x20.5%HK$25.4b
2869 Greentown Service Group
29x19.1%HK$28.2b
14 Hysan Development
17.4x16.0%HK$23.7b
6049 Poly Property Services
28.2x19.3%HK$28.6b
6666 Evergrande Property Services Group
6.2x5.6%HK$24.9b

Price-To-Earnings vs Peers: 6666 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (19.4x).


Price to Earnings Ratio vs Industry

How does 6666's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 6666 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the Hong Kong Real Estate industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is 6666's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6666 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio4.8x

Price-To-Earnings vs Fair Ratio: 6666 is expensive based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (4.8x).


Share Price vs Fair Value

What is the Fair Price of 6666 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6666 (HK$2.3) is trading below our estimate of fair value (HK$145.86)

Significantly Below Fair Value: 6666 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 6666 is poor value based on its PEG Ratio (1.1x)


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Future Growth

How is Evergrande Property Services Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6666's forecast earnings growth (5.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 6666's earnings (5.6% per year) are forecast to grow slower than the Hong Kong market (16.7% per year).

High Growth Earnings: 6666's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6666's revenue (7.3% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).

High Growth Revenue: 6666's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6666's Return on Equity is forecast to be low in 3 years time (19.6%).


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Past Performance

How has Evergrande Property Services Group performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


57.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6666 has high quality earnings.

Growing Profit Margin: 6666's current net profit margins (25.1%) are higher than last year (19.6%).


Past Earnings Growth Analysis

Earnings Trend: 6666's earnings have grown significantly by 57.5% per year over the past 5 years.

Accelerating Growth: 6666's earnings growth over the past year (105.6%) exceeds its 5-year average (57.5% per year).

Earnings vs Industry: 6666 earnings growth over the past year (105.6%) exceeded the Real Estate industry 14.7%.


Return on Equity

High ROE: 6666's Return on Equity (28.8%) is considered high.


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Financial Health

How is Evergrande Property Services Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6666's short term assets (CN¥19.8B) exceed its short term liabilities (CN¥9.9B).

Long Term Liabilities: 6666's short term assets (CN¥19.8B) exceed its long term liabilities (CN¥870.2M).


Debt to Equity History and Analysis

Debt Level: 6666 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 6666's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6666's debt is well covered by operating cash flow (1994.3%).

Interest Coverage: 6666 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Evergrande Property Services Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6666's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6666's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6666's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6666's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 6666 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Changlong Zhao (56 yo)

0.92

Tenure

Mr. Changlong Zhao serves as Executive Director at Evergrande Property Services Group Limited since September 23, 2020 and served as its Chairman of Board since September 23, 2020 until July 8, 2021 and se...


Leadership Team

Experienced Management: 6666's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: 6666's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Evergrande Property Services Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Evergrande Property Services Group Limited
  • Ticker: 6666
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: HK$24.865b
  • Shares outstanding: 10.81b
  • Website: https://www.evergrandeservice.com

Number of Employees


Location

  • Evergrande Property Services Group Limited
  • No. 78, Huangpu Avenue West
  • Third Compartment of Room 3101
  • Guangzhou
  • Guangdong Province
  • 518000
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/15 00:00
End of Day Share Price2022/03/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.