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Shimao Property Holdings
(0813)
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Rating:41Neutral
Price Target:
HK$0.07
▼(-63.16% 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
Cash-flow stabilization
Operating and free cash flow turned positive in 2025 after prior large outflows. Sustained positive cash generation improves the firm’s ability to fund project completions, service near-term obligations, and incrementally reduce reliance on external financing, aiding a gradual balance-sheet repair.
Negative Factors
Very high leverage & negative equity
Extremely high debt and negative equity materially weaken the capital buffer and raise refinancing, covenant and liquidity risks. A structurally impaired balance sheet constrains strategic flexibility, increases funding costs, and makes recovery dependent on large cash inflows or external recapitalization.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash-flow stabilization
Operating and free cash flow turned positive in 2025 after prior large outflows. Sustained positive cash generation improves the firm’s ability to fund project completions, service near-term obligations, and incrementally reduce reliance on external financing, aiding a gradual balance-sheet repair.
Read all positive factors
Shimao Property Holdings (0813) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$715.75M
Dividend YieldN/A
Average Volume (3M)61.75M
Price to Earnings (P/E)0.2
Beta (1Y)3.26
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)-1.79
Revenue Forecast (FY)HK$27.19B
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 | 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
Negative
0.19
Price Trends
0.12
Negative
0.16
Negative
0.22
Negative
Market Momentum
-0.01
Negative
25.73
Positive
11.08
Positive
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 0.09, above the 50-day MA of 0.12, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 25.73 is Positive, neither overbought nor oversold. The STOCH value of 11.08 is Positive, 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$213.93B | 7.37 | 8.50% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | HK$132.00B | 9.09 | 3.23% | 4.54% | -9.39% | -19.08% | |
46 Neutral | HK$41.39B | 32.39 | 0.62% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$715.75M | 0.17 | ― | ― | -52.61% | ― | |
41 Neutral | HK$39.26B | -0.42 | -59.37% | ― | -28.73% | -60.86% | |
40 Underperform | HK$7.71B | -0.17 | -3.01% | ― | -38.67% | ― |
* Real Estate Sector Average
HK:0813
Shimao Property Holdings
0.07
-0.69
-90.39%
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Shimao Property Holdings Corporate Events
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...
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...
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.