SOHO China Ltd. (HK:0410)
:0410
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SOHO China
(0410)
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Rating:50Neutral
Price Target:
HK$0.44
▼(-16.98% Downside)
Action:Reiterated
Date:05/08/26
The score is held back mainly by persistent net losses and weak returns on equity, alongside bearish technical signals (price below key moving averages with negative MACD). Offsetting factors are a moderate/improving leverage profile and a strong 2025 rebound in operating/free cash flow, but valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
High gross margins
Sustained gross margins above ~80% indicate strong asset-level economics and pricing in development and leasing activities. High underlying margins create a durable buffer for the business to absorb revenue swings, supporting long-term cash generation as leasing markets normalize.
Negative Factors
Persistent net losses and weak ROE
Consistent negative net margins and mostly negative ROE since 2021 signal that the capital base is not producing sustainable shareholder returns. Over the medium term this undermines internal reinvestment capacity and may require repeated asset disposals or equity measures to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins above ~80% indicate strong asset-level economics and pricing in development and leasing activities. High underlying margins create a durable buffer for the business to absorb revenue swings, supporting long-term cash generation as leasing markets normalize.
Read all positive factors
SOHO China (0410) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.29B
Dividend YieldN/A
Average Volume (3M)1.15M
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-12.20%
EPS Growth-158.05%
CountryHK
Employees1,650
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding5,199,524,000
10 Day Avg. Volume1,430,650
30 Day Avg. Volume1,153,966
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.06
Price to Sales (P/S)1.65
P/FCF Ratio3.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SOHO China Business Overview & Revenue Model
Company Description
SOHO China Limited is one of the leading property development companies in China, primarily focused on the development and management of high-quality office and commercial properties. Established in 1995, the company operates primarily in major ci...
How the Company Makes Money
SOHO China makes money primarily through (1) rental income from its portfolio of completed commercial properties and (2) proceeds and gains from selling properties or interests in property projects when it disposes of assets. Rental income is gene...
SOHO China Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.37B | 1.54B | 1.68B | 1.78B | 1.74B |
| Gross Profit | 1.37B | 1.28B | 1.38B | 1.44B | 1.40B |
| EBITDA | 578.51M | 827.79M | 861.40M | 1.43B | 1.24B |
| Net Income | -290.78M | -113.44M | -179.90M | 61.21M | -131.10M |
Balance Sheet | |||||
| Total Assets | 67.71B | 68.13B | 68.62B | 68.85B | 70.45B |
| Cash, Cash Equivalents and Short-Term Investments | 765.97M | 730.49M | 769.46M | 356.69M | 2.20B |
| Total Debt | 15.01B | 15.56B | 15.88B | 16.18B | 18.00B |
| Total Liabilities | 30.89B | 31.06B | 31.42B | 31.48B | 33.35B |
| Stockholders Equity | 35.89B | 36.14B | 36.27B | 36.44B | 36.17B |
Cash Flow | |||||
| Free Cash Flow | 583.76M | 298.52M | 638.55M | -140.81M | 34.67M |
| Operating Cash Flow | 585.85M | 306.66M | 643.96M | -135.19M | 56.26M |
| Investing Cash Flow | -98.20M | -154.20M | 94.41M | 1.66B | 757.41M |
| Financing Cash Flow | -566.55M | -340.97M | -316.95M | -1.93B | -455.08M |
SOHO China Technical Analysis
Negative
0.53
Price Trends
0.46
Negative
0.49
Negative
0.53
Negative
Market Momentum
>-0.01
Negative
41.46
Neutral
9.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0410, the sentiment is Negative. The current price of 0.53 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.46, and above the 200-day MA of 0.53, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0410.
SOHO China Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$7.48B | 4.93 | 3.35% | 5.29% | -9.69% | -9.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | HK$41.92B | 11.84 | 1.35% | 5.92% | -11.49% | -20.93% | |
61 Neutral | HK$19.49B | 9.50 | 1.20% | 5.77% | 1.06% | 799.41% | |
60 Neutral | HK$4.68B | 5.28 | ― | 10.24% | ― | ― | |
58 Neutral | HK$77.30B | -10.08 | -2.32% | 5.04% | -0.75% | -577.88% | |
50 Neutral | HK$2.29B | -3.10 | -0.27% | ― | -12.20% | -158.05% |
* Real Estate Sector Average
HK:0410
SOHO China
0.44
-0.08
-15.38%
HK:0101
Hang Lung Properties
8.41
2.54
43.20%
HK:0014
Hysan Development Co
19.15
7.04
58.11%
HK:0071
Miramar Hotel & Investment Co
10.85
1.63
17.67%
HK:1997
Wharf Real Estate Investment Co
25.22
6.88
37.52%
HK:3990
Midea Real Estate Holding Limited
3.17
-0.31
-8.91%
SOHO China Corporate Events
SOHO China Sets 2026 AGM to Renew Board, Auditor and Share Issuance Mandate
Apr 30, 2026
SOHO China Limited has convened its annual general meeting for 22 May 2026 in Beijing, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and the accompanying reports from the board and...
SOHO China Stays Highly Let but Slips to 2025 Net Loss Amid Market Headwinds
Mar 31, 2026
SOHO China reported that its investment properties maintained an average occupancy rate of 82.8% in 2025, defying a soft office and commercial leasing market, while total revenue slipped to RMB1.37 billion and gross profit from leasing stayed robu...
SOHO China Reschedules Board Meeting for 2025 Results and Dividend Decision
Mar 25, 2026
SOHO China Limited has rescheduled its upcoming board meeting, originally planned for 26 March 2026, to 31 March 2026. The meeting will review and approve the group’s annual results for the year ended 31 December 2025 and consider any potent...
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.