Guangzhou R&F Properties Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate GZUH.F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GZUH.F's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GZUH.F?

Key metric: As GZUH.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GZUH.F. This is calculated by dividing GZUH.F's market cap by their current revenue.
What is GZUH.F's PS Ratio?
PS Ratio	0.2x
Sales	CN¥34.03b
Market Cap	CN¥5.79b

GZUH.F 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/Revenue	4x
Enterprise Value/EBITDA	-29.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does GZUH.F's PS Ratio compare to its peers?

The above table shows the PS ratio for GZUH.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	11x
MLP Maui Land & Pineapple Company	38.2x	n/a	US$461.9m
FOR Forestar Group	1x	9.3%	US$1.6b
STHO Star Holdings	1.2x	n/a	US$148.4m
HHH Howard Hughes Holdings	3.6x	15.0%	US$4.3b
GZUH.F Guangzhou R&F Properties	0.2x	5.2%	US$6.2b

Price-To-Sales vs Peers: GZUH.F is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (11x).

Price to Sales Ratio vs Industry

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

32 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.3x	11.1%
GZUH.F Guangzhou R&F Properties	0.2x	5.2%	US$800.34m
JLL Jones Lang LaSalle	0.6x	6.4%	US$13.46b
COMP Compass	0.7x	11.5%	US$3.61b

32 Companies		Estimated Growth	Market Cap
Industry Avg.	2.3x	38.7%
GZUH.F Guangzhou R&F Properties	0.2x	n/a	US$800.34m

No more companies

Price-To-Sales vs Industry: GZUH.F is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Real Estate industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is GZUH.F'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.

GZUH.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GZUH.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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