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Shimao Property Holdings
(0813)
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Rating:41Neutral
Price Target:
HK$0.07
▲(11.67% Upside)
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
Diversified revenue streams
Shimao earns from property development plus property-management fees and rental/investment income. This multi-stream model cushions cyclicality in new sales: recurring service and rental cash flows can provide steady receipts while development deliveries and pre-sales normalize over quarters.
Negative Factors
Very high leverage & negative equity
Extremely elevated debt and negative equity materially weaken the capital buffer and credit flexibility. This increases refinancing and covenant risk, raises financing costs, and constrains strategic options—structural headwinds that can persist until leverage is meaningfully reduced.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Shimao earns from property development plus property-management fees and rental/investment income. This multi-stream model cushions cyclicality in new sales: recurring service and rental cash flows can provide steady receipts while development deliveries and pre-sales normalize over quarters.
Read all positive factors
Shimao Property Holdings (0813) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$664.02M
Dividend YieldN/A
Average Volume (3M)61.75M
Price to Earnings (P/E)0.1
Beta (1Y)3.25
Revenue Growth-52.61%
EPS GrowthN/A
CountryHK
Employees41,335
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.37
Shares Outstanding10,385,605,000
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)-1.79
Revenue Forecast (FY)HK$27.19B
Shimao Property Holdings Business Overview & Revenue Model
Company Description
Shimao Property Holdings Limited (HKEX: 0813) is a China-focused property company engaged in real estate development and related businesses. It develops, sells, and delivers residential and commercial properties, and also participates in property-...
How the Company Makes Money
Shimao Property Holdings primarily generates revenue from real estate development, with the main stream coming from the sale of properties it develops (typically residential units and, where applicable, commercial/retail components within mixed-us...
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 | 4.94B | 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
Neutral
0.06
Price Trends
0.08
Negative
0.12
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
44.86
Neutral
75.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0813, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.86 is Neutral, neither overbought nor oversold. The STOCH value of 75.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$147.87B | 10.10 | 3.23% | 3.77% | -9.39% | -19.08% | |
67 Neutral | HK$236.75B | 8.09 | 8.50% | 4.05% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
46 Neutral | HK$43.22B | -0.45 | -59.37% | ― | -28.73% | -60.86% | |
46 Neutral | HK$47.48B | 36.87 | 0.62% | 2.84% | -23.93% | -90.51% | |
41 Neutral | HK$664.02M | 0.15 | -92.80% | ― | -52.61% | ― | |
41 Neutral | HK$7.88B | -0.17 | -3.01% | ― | -38.67% | ― |
* Real Estate Sector Average
HK:0813
Shimao Property Holdings
0.07
-0.57
-89.22%
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2.49
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13.21
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-0.23%
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15.23%
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Country Garden Holdings
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HK:0960
Longfor Group Holdings
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Shimao Property Holdings Corporate Events
Shimao Group Says CSRC Penalty on Chairman Will Not Hit Operations
Aug 3, 2026
Shimao Group Holdings has disclosed that the China Securities Regulatory Commission issued an administrative penalty decision against its chairman and president, Mr. Hui Sai Tan, Jason, for violations of information disclosure rules related to Sha...
Shimao Group Announces Resignation of Non-Executive Director
Jul 14, 2026
Shimao Group Holdings Limited announced that non-executive director Mr. Shao Liang has resigned from the board effective 14 July 2026 to focus on personal business commitments and family matters. He stated he has no disagreement with the board and...
Shimao Group Updates Board and Committee Roles
Jul 14, 2026
Shimao Group Holdings Limited has updated its board composition effective 14 July 2026, confirming Jason Hui Sai Tan as chairman and president alongside Zhao Jun as executive director and Carol Hui Mei Mei as non-executive director. The board also...
Shimao Group Posts RMB8.2 Billion in Preliminary First-Half Contracted Sales
Jul 10, 2026
Shimao Group Holdings reported unaudited contracted sales of approximately RMB8.208 billion for the six months ended 30 June 2026, with a total contracted sold area of 667,945 square meters and an average selling price of RMB12,289 per square mete...
Shimao Flags Potential CSRC Penalties for Subsidiary and Chairman
Jun 28, 2026
Shimao Group Holdings has disclosed that its subsidiary Shanghai Shimao and chairman Jason Hui have received an advance notice of administrative penalties from the China Securities Regulatory Commission. Regulators found that Shanghai Shimao viola...
Shimao Deepens Debt Overhaul and Streamlines Operations to Stabilize Finances
Jun 26, 2026
Shimao Group Holdings has advanced its balance sheet repair by executing an offshore debt restructuring that took effect in July 2025, significantly cutting leverage and converting about US$4.6 billion of mandatory convertible bonds into equity. T...
Shimao Shareholders Approve All AGM Resolutions, Renew Capital Mandates
Jun 25, 2026
Shareholders of Shimao Group Holdings approved all resolutions at the annual general meeting held on June 25, 2026, including adoption of the 2025 audited financial statements and the re-election of executive and independent non-executive director...
Shimao Places Tung Chung Hotels Under Receivership as Formal Sale Process Begins
Jun 23, 2026
Shimao Group Holdings has disclosed that an indirect wholly owned subsidiary is subject to receivership over the Sheraton Hong Kong Tung Chung Hotel and Four Points by Sheraton Hong Kong Tung Chung, after these properties were used as security for...
Shimao Group Posts RMB6.95 Billion in Unaudited Contracted Sales for First Five Months of 2026
Jun 12, 2026
Shimao Group Holdings reported unaudited aggregated contracted sales of about RMB6.95 billion for the five months ended 31 May 2026, with a contracted sales area of 566,543 square meters and an average selling price of RMB12,269 per square meter. ...
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...
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.