Shimao Property Holdings Limited (HK:0813)
:0813
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Shimao Property Holdings
(0813)
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Rating:41Neutral
Price Target:
HK$0.09
▼(-55.26% Downside)
Action:Upgraded
Date:06/09/26
The score is driven down primarily by weak financial quality (very high leverage and negative equity, plus sharp revenue contraction and volatile profitability) and strongly bearish technical momentum (below all key moving averages with very low RSI/Stoch). Valuation appears optically cheap based on the extremely low P/E, but it is outweighed by the elevated balance-sheet risk and negative trend signals.
Positive Factors
Stabilizing cash generation
Positive operating and free cash flow in 2025 indicates that core cash generation has begun to stabilize after earlier outflows. Sustained positive cash flow provides a durable runway to service operations and interest, fund project deliveries, and support gradual deleveraging if maintained over ensuing quarters.
Negative Factors
Extremely high leverage and negative equity
Very high debt and negative shareholder equity materially weaken the capital buffer and financial flexibility. Elevated leverage increases refinancing and covenant risk, raises funding costs, and limits the company's ability to fund new projects or absorb further operational shocks without significant deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Stabilizing cash generation
Positive operating and free cash flow in 2025 indicates that core cash generation has begun to stabilize after earlier outflows. Sustained positive cash flow provides a durable runway to service operations and interest, fund project deliveries, and support gradual deleveraging if maintained over ensuing quarters.
Read all positive factors
Shimao Property Holdings (0813) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$843.21M
Dividend YieldN/A
Average Volume (3M)61.75M
Price to Earnings (P/E)<0.1
Beta (1Y)3.30
Revenue Growth-52.61%
EPS GrowthN/A
CountryHK
Employees41,481
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.37
Shares Outstanding9,815,031,000
10 Day Avg. Volume31,794,788
30 Day Avg. Volume61,746,921
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-5.71
Price to Sales (P/S)0.03
P/FCF Ratio0.65
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)-0.85
Revenue Forecast (FY)HK$32.86B
Shimao Property Holdings Business Overview & Revenue Model
Company Description
Shimao Group Holdings Limited is an investment holding enterprise primarily focused on real estate development and investment activities throughout the People's Republic of China. Its comprehensive portfolio encompasses the construction of residen...
How the Company Makes Money
Shimao Property Holdings primarily generates revenue from property development activities, with cash inflows largely driven by contracted sales (pre-sales) and reported revenue recognized upon completion and delivery of properties to buyers. Its k...
Shimao Property Holdings Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.68B | 59.98B | 59.46B | 63.04B | 107.80B |
| Gross Profit | -28.90B | -5.87B | 5.85B | 5.28B | 2.62B |
| EBITDA | 14.96B | -31.03B | -14.73B | -9.70B | -14.61B |
| Net Income | 14.10B | -35.91B | -21.03B | -21.49B | -27.09B |
Balance Sheet | |||||
| Total Assets | 357.37B | 436.43B | 543.25B | 616.21B | 628.10B |
| Cash, Cash Equivalents and Short-Term Investments | 12.19B | 11.35B | 15.19B | 22.07B | 47.83B |
| Total Debt | 182.38B | 252.11B | 264.06B | 274.14B | 231.85B |
| Total Liabilities | 344.72B | 433.08B | 492.00B | 536.71B | 514.10B |
| Stockholders Equity | -166.97M | -21.65B | 14.72B | 36.53B | 57.82B |
Cash Flow | |||||
| Free Cash Flow | 1.46B | -1.04B | -5.96B | -5.14B | -11.07B |
| Operating Cash Flow | 2.45B | -243.97M | -5.47B | -4.33B | -9.59B |
| Investing Cash Flow | -1.55B | -368.54M | 1.05B | 5.68B | -35.83B |
| Financing Cash Flow | -3.82B | -3.24B | -2.44B | -27.32B | 31.93B |
Shimao Property Holdings Technical Analysis
Negative
0.19
Price Trends
0.14
Negative
0.17
Negative
0.23
Negative
Market Momentum
-0.02
Positive
20.64
Positive
22.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0813, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.14, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 20.64 is Positive, neither overbought nor oversold. The STOCH value of 22.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0813.
Shimao Property Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$265.84B | 9.11 | 8.88% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | HK$171.73B | 11.83 | 3.44% | 4.54% | -9.39% | -19.08% | |
58 Neutral | HK$60.56B | 50.50 | 0.62% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$843.21M | 0.04 | ― | ― | -52.61% | ― | |
41 Neutral | HK$41.44B | -0.43 | -59.37% | ― | -28.73% | -60.86% | |
40 Underperform | HK$9.78B | -0.17 | -3.01% | ― | -38.67% | ― |
* Real Estate Sector Average
HK:0813
Shimao Property Holdings
0.09
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Shimao Property Holdings Corporate Events
Shimao Group Executive Director Resigns, Board Signals Governance Continuity
Jun 5, 2026
Shimao Group Holdings has announced that executive director Xie Kun will step down from the board with effect from 5 June 2026 to focus on personal and family commitments, with both the company and Xie stating there are no disagreements or issues ...
Shimao Group Reshapes Board and Committee Roles to Strengthen Governance
Jun 5, 2026
Shimao Group Holdings has updated its board composition, effective 5 June 2026, confirming Jason Hui and Zhao Jun as executive directors, alongside non-executive directors Carol Hui and Shao Liang, and independent non-executive directors Lyu Hong ...
Shimao to Swap Over RMB379 Million of Debt for New Shares
May 15, 2026
Shimao Property Holdings announced agreements with several creditors to convert outstanding debt into equity through the issuance of 71,540,479 new shares at HK$6.00 each under its general mandate. The capitalisation shares will represent about 0....
Shimao Posts RMB5.7 Billion in Unaudited Contracted Sales for First Four Months of 2026
May 8, 2026
Shimao Group reported unaudited aggregated contracted sales of about RMB5.73 billion for the four months ended 30 April 2026, with a contracted sold area of 469,696 square metres and an average selling price of RMB12,201 per square metre. In April...
Shanghai Shimao Swings to First-Quarter Loss on Sharp Revenue Drop
Apr 29, 2026
Shanghai Shimao Co., Ltd., a 66.18%-owned subsidiary of Shimao Group Holdings, reported a sharp year-on-year decline in revenue and swung to a loss in the first quarter of 2026. Operating income fell to RMB 407.6 million from RMB 2.62 billion a ye...
Shimao Group Calls 2026 AGM, Seeks Renewal of Share Issuance Mandate
Apr 28, 2026
Shimao Group Holdings has convened its next annual general meeting as a virtual event on 25 June 2026 to review the company’s audited consolidated financial statements and related reports for the year ended 31 December 2025. Shareholders wil...
Shimao Posts RMB4.5 Billion in Preliminary First-Quarter Contracted Sales
Apr 7, 2026
Shimao Group Holdings reported unaudited contracted sales of about RMB4.523 billion for the first quarter of 2026, with a contracted sold area of 373,425 square meters and an average selling price of RMB12,112 per square meter. In March alone, con...
Shanghai Shimao Narrows 2025 Loss but Still Faces Heavy Impairments
Mar 27, 2026
Shanghai Shimao Co., Ltd. reported another year of deep losses for 2025, with net loss narrowing to RMB13.03 billion from RMB17.02 billion a year earlier, as operating income fell to RMB5.27 billion from RMB6.68 billion. The results reflect heavy ...
Shimao Returns to Profit in 2025 as Debt Load Falls and Hong Kong Sales Strengthen
Mar 27, 2026
Shimao reported 2025 revenue of RMB28.418 billion, driven largely by property sales of RMB16.539 billion on 1.652 million sq.m. of recognized sales area. The group maintains a sizeable land bank of about 34.16 million sq.m., and continues to benef...
Shimao Advances Debt Restructuring and Liquidity Measures to Stabilize Operations
Mar 24, 2026
Shimao Group Holdings has taken multiple steps to strengthen its balance sheet and address the auditor’s previous disclaimer of opinion, most notably through an offshore debt restructuring that became effective in July 2025. The company has ...
Shimao Group Sets March 2026 Board Meeting to Approve 2025 Results
Mar 17, 2026
Shimao Group Holdings Limited has scheduled a board meeting for 27 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The approval will pave the way for the public...
Shimao Group Posts RMB2.8 Billion in Preliminary Sales for First Two Months of 2026
Mar 13, 2026
Shimao Group Holdings reported unaudited aggregated contracted sales of about RMB2.811 billion for the first two months of 2026, with a total contracted sold area of 230,503 square metres and an average selling price of RMB12,195 per square metre....
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.