How does CEST.Y's PS Ratio compare to its peers?

CEST.Y is expensive based on its Price-To-Sales Ratio (3.5x) compared to the peer average (3.4x).

How does CEST.Y's PS Ratio compare vs other companies in the US Real Estate Industry?

CEST.Y is expensive based on its Price-To-Sales Ratio (3.5x) compared to the US Real Estate industry average (2x).

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

Insufficient data to calculate CEST.Y's Price-To-Sales Fair Ratio for valuation analysis.

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

CEST.Y ($3.5) is trading above our estimate of [[fair value]] ($0.13)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

CEST.Y Stock Overview

Chinese Estates Group (the "Group") is one of the leading property developers in Hong Kong. More details

CEST.Y fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Earnings have declined by 28.5% per year over past 5 years

Shares are highly illiquid

My Notes

Capture your thoughts, links and company narrative

Chinese Estates Holdings Limited Competitors

Tejon Ranch

NYSE:TRC

US$411.2m

Five Point Holdings

NYSE:FPH

US$532.0m

RMR Group

NasdaqCM:RMR

US$646.1m

BBX Capital

OTCPK:BBXI.A

US$99.7m

Price History & Performance

Summary of share price highs, lows and changes for Chinese Estates Holdings
Historical stock prices
Current Share Price	HK$3.50
52 Week High	HK$3.50
52 Week Low	HK$2.46
Beta	0.74
1 Month Change	0%
3 Month Change	6.71%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-93.25%

Recent updates

Shareholder Returns

	CEST.Y	US Real Estate	US Market
7D	0%	-5.5%	-2.7%
1Y	n/a	7.4%	23.4%

Return vs Industry: Insufficient data to determine how CEST.Y performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how CEST.Y performed against the US Market.

Price Volatility

Is CEST.Y's price volatile compared to industry and market?
CEST.Y volatility
CEST.Y Average Weekly Movement	n/a
Real Estate Industry Average Movement	7.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: CEST.Y's share price has been volatile over the past 3 months compared to the US market.

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

About the Company

Founded	Employees	CEO	Website
1986	490	Hoi-Wan Chan	www.chineseestates.com

Chinese Estates Group (the "Group") is one of the leading property developers in Hong Kong. Chinese Estates Holdings Limited is the holding company of the Group and it is publicly listed on The Stock Exchange of Hong Kong Limited with stock code: 127. Chinese Estates' core businesses comprise of property investment for rental and property development.

Chinese Estates Holdings Limited Fundamentals Summary

How do Chinese Estates Holdings's earnings and revenue compare to its market cap?
CEST.Y fundamental statistics
Market cap	US$297.09m
Earnings (TTM)	-US$63.33m
Revenue (TTM)	US$83.70m

3.5x

P/S Ratio

-4.7x

P/E Ratio

Is CEST.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CEST.Y income statement (TTM)
Revenue	HK$650.31m
Cost of Revenue	HK$56.12m
Gross Profit	HK$594.18m
Other Expenses	HK$1.09b
Earnings	-HK$492.04m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.26
Gross Margin	91.37%
Net Profit Margin	-75.66%
Debt/Equity Ratio	29.5%

How did CEST.Y perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 19:22
End of Day Share Price	2024/10/01 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Chinese Estates Holdings Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Chen	CLSA
Adrian Ngan	Deutsche Bank