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Yuexiu Property Co
(0123)
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Rating:50Neutral
Price Target:
HK$3.50
▼(-20.09% Downside)
Action:Reiterated
Date:05/07/26
The score is held back primarily by the steep decline in margins and earnings and the company’s high leverage/very low ROE. Offsetting factors include solid recent operating/free cash flow and a high dividend yield, while technicals are mixed with improving short-term trend but weaker long-term positioning.
Positive Factors
Strong recent cash generation
Sustained positive operating and free cash flow in 2024–2025 provides durable liquidity to fund operations, service liabilities, and support dividend continuity. While FCF fell ~31% in 2025, multi-year positive cash generation reduces near-term refinancing pressure and supports strategic flexibility over the next 2–6 months.
Negative Factors
Sharp margin deterioration
Material compression in gross and net margins signals worsening project profitability or rising cost structures, undermining the core economics of the development business. Persistently low margins erode return on projects and constrain internal cash available for reinvestment, dividend sustainment, and deleveraging over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent cash generation
Sustained positive operating and free cash flow in 2024–2025 provides durable liquidity to fund operations, service liabilities, and support dividend continuity. While FCF fell ~31% in 2025, multi-year positive cash generation reduces near-term refinancing pressure and supports strategic flexibility over the next 2–6 months.
Read all positive factors
Yuexiu Property Co (0123) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.39B
Dividend Yield3.68%
Average Volume (3M)10.83M
Price to Earnings (P/E)288.8
Beta (1Y)1.51
Revenue Growth-0.10%
EPS Growth-97.03%
CountryHK
Employees14,000
SectorFinancial
Sector Strength70
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.01
Shares Outstanding4,025,392,800
10 Day Avg. Volume15,518,084
30 Day Avg. Volume10,831,134
Financial Highlights & Ratios
PEG Ratio-2.74
Price to Book (P/B)0.26
Price to Sales (P/S)0.17
P/FCF Ratio1.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.74Price Target Upside30.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.05
Revenue Forecast (FY)HK$78.66B
Yuexiu Property Co Business Overview & Revenue Model
Company Description
Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, invests, and manages properties primarily in Mainland China and Hong Kong. It operates through four segments: Property Development, Property Management, Property Inv...
How the Company Makes Money
Yuexiu Property primarily makes money through (1) revenue from property development and sales: it acquires land, develops residential (and some commercial) projects, and recognizes revenue when completed properties are delivered/handed over to buy...
Yuexiu Property Co Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 86.46B | 86.40B | 80.22B | 72.42B | 57.38B |
| Gross Profit | 6.75B | 9.05B | 12.26B | 14.81B | 12.48B |
| EBITDA | 2.77B | 5.07B | 8.96B | 11.99B | 9.33B |
| Net Income | 55.06M | 1.04B | 3.19B | 3.95B | 3.59B |
Balance Sheet | |||||
| Total Assets | 369.90B | 410.45B | 401.18B | 346.35B | 313.85B |
| Cash, Cash Equivalents and Short-Term Investments | 45.38B | 30.20B | 30.96B | 22.84B | 33.54B |
| Total Debt | 105.55B | 104.68B | 105.21B | 89.19B | 76.41B |
| Total Liabilities | 264.03B | 306.37B | 298.97B | 261.56B | 239.49B |
| Stockholders Equity | 54.84B | 55.26B | 55.63B | 47.43B | 46.24B |
Cash Flow | |||||
| Free Cash Flow | 13.48B | 21.47B | 8.22B | 2.55B | -5.95B |
| Operating Cash Flow | 13.71B | 21.84B | 8.56B | 3.72B | -4.68B |
| Investing Cash Flow | 4.59B | -4.27B | 220.10M | -7.06B | -6.52B |
| Financing Cash Flow | -15.49B | -17.12B | -1.38B | -7.71B | 15.79B |
Yuexiu Property Co Technical Analysis
4.38
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0123, the sentiment is undefined. The current price of 4.38 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:0123.
Yuexiu Property Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$213.93B | 7.35 | 8.50% | 5.18% | 1.05% | -0.55% | |
51 Neutral | HK$132.00B | 9.07 | 3.23% | 4.54% | -9.39% | -19.08% | |
50 Neutral | HK$13.39B | 288.78 | 0.10% | 3.68% | -0.10% | -97.03% | |
46 Neutral | HK$41.39B | 32.31 | 0.62% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$37.94B | -0.40 | -59.37% | ― | -28.73% | -60.86% | |
40 Underperform | HK$7.71B | -0.17 | -3.01% | ― | -38.67% | ― |
* Financial Sector Average
HK:0123
Yuexiu Property Co
3.34
-0.82
-19.71%
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Yuexiu Property Co Corporate Events
Yuexiu Property Secures HK$550 Million Revolving Loan Tied to Controlling Shareholder’s Stake
Jun 25, 2026
Yuexiu Property Company Limited has entered into a new revolving loan facility agreement with a bank, securing up to HK$550 million, or its equivalent in CNH, for a term of 364 days. The facility is expected to support the company’s short-te...
Yuexiu Property Signs FX Forward with Controlling Shareholder to Hedge USD Debt
Jun 22, 2026
Yuexiu Property Co has entered into a foreign exchange forward contract with its controlling shareholder Yuexiu Enterprises (Holdings) Limited to purchase US$60 million using renminbi at a pre-agreed rate of RMB6.0287 per US$1.00, with settlement ...
Yuexiu Property Shareholders Approve Major Asset Disposal Package
Jun 15, 2026
Shareholders of Yuexiu Property Company Limited have overwhelmingly approved a series of asset transfer agreements at an extraordinary general meeting held on 15 June 2026. The poll, independently scrutinized by the company’s share registrar...
Yuexiu Property Wins Strong Shareholder Backing at 2026 AGM
Jun 15, 2026
Yuexiu Property Company Limited reported that all resolutions at its 2026 annual general meeting, held on 15 June 2026, were approved by shareholders via poll with strong majorities. The meeting adopted the 2025 audited financial statements, re-el...
Yuexiu Property Posts Strong May Sales Despite Lower Year-to-Date Value
Jun 8, 2026
Yuexiu Property reported that in May 2026 its contracted sales value, including joint ventures and associates, reached about RMB11.3 billion, an 18% year-on-year increase, with contracted gross floor area rising 33% to roughly 325,200 square meter...
Yuexiu Property Unit Plans Up to RMB1.9 Billion AAA-Rated Bond Issue in PRC
Jun 5, 2026
Yuexiu Property announced that its 95%-owned subsidiary, Guangzhou City Construction Development, plans to issue a 2026 second tranche of guaranteed corporate bonds in the PRC of up to RMB1.9 billion, to be listed on the Shanghai Stock Exchange. ...
Yuexiu Property Secures HK$1 Billion Term Loan Tied to Shareholder Control
Jun 4, 2026
Yuexiu Property Company Limited has entered into a new term loan facility agreement with a bank, securing up to HK$1 billion, or its equivalent in CNH, with a maturity set for three years from the first drawdown date, subject to customary conditio...
Yuexiu Property Calls June 2026 EGM to Approve Major Asset Disposals
May 26, 2026
Yuexiu Property Company Limited has called an extraordinary general meeting (EGM) for 15 June 2026 in Hong Kong to seek shareholder approval for a series of asset transfer agreements. These include transfers relating to Nansha IFC, Yungu Industria...
Yuexiu Property Secures HK$3 Billion Facility for Yau Tong Development Tied to Shareholder Control
May 26, 2026
Yuexiu Property has arranged a committed bank facility of up to HK$3 billion for its wholly owned subsidiary Charm Smart Development Limited to support the development of The Remaining Portion of Yau Tong Inland Lot No. 46 in Hong Kong. The compan...
Yuexiu Property Sets 2026 AGM to Approve Accounts, Board Changes and Share Mandates
May 22, 2026
Yuexiu Property Company Limited has called its 2026 annual general meeting for 15 June 2026 in Hong Kong, where shareholders will consider adoption of the 2025 audited financial statements, re-election of several executive and independent non-exec...
Yuexiu Property to Issue CNY1.6 Billion Green Notes for Debt Refinancing
May 20, 2026
Yuexiu Property Co. plans to issue CNY1.6 billion of 3.40% guaranteed green notes due 2029 through its issuer subsidiary, with the company acting as guarantor and a syndicate of banks as joint lead managers. The notes will be offered only to profe...
Yuexiu Property Secures HK$500 Million Revolving Loan Tied to Control Covenant
May 11, 2026
Yuexiu Property Company Limited has secured a new revolving loan facility of HK$500 million from a bank lender, with a tenor of 364 days from the first drawdown, enhancing its short-term financing flexibility. The agreement embeds a change-of-cont...
Yuexiu Property’s Year-to-Date Sales Slide 37.5% as April Values Decline Despite Higher GFA
May 8, 2026
Yuexiu Property reported unaudited contracted sales of approximately RMB8.5 billion in April 2026, down 17.4% year on year by value, while the corresponding gross floor area sold rose 14% to about 261,300 square meters. For the first four months o...
Yuexiu Property to Shed Key Assets in Major Connected Disposal
May 3, 2026
Yuexiu Property Co has agreed to dispose of several assets and businesses, including Nansha IFC, Yungu Industrial Park, Zhigu Industrial Park, Bijie Hotel and various healthcare, nursing and elderly care operations, through conditional equity tran...
Yuexiu Property Unit Secures HK$1 Billion Loan Tied to Controlling Shareholder’s Ongoing Control
Apr 8, 2026
Yuexiu Property’s wholly owned subsidiary Charm Smart Development Limited has secured a HK$1 billion term loan facility from a bank, with a tenor of 364 days from the first drawdown and a guarantee provided by the parent company. The financi...
Yuexiu Property Q1 Sales Slide as Developer Bets on New Chengdu Land
Apr 2, 2026
Yuexiu Property reported unaudited contracted sales in March 2026 of about RMB10.1 billion, down 43.9% year on year by value, while gross floor area sold grew 8.5% to roughly 376,000 square meters. For the first quarter, contracted sales totalled ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.