Kaisa Group Holdings Ltd. (HK:1638)
:1638
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Kaisa Group Holdings Ltd.
(1638)
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Rating:39Underperform
Price Target:
HK$0.08
▼(-19.00% Downside)
Action:DowngradedDate:02/03/26
The score is driven primarily by very weak financial performance (deep losses, negative equity, and poor cash generation). Technical indicators also point to a weak downtrend, while valuation signals are impaired by negative earnings and no dividend data.
Positive Factors
Diversified revenue streams
Multiple revenue sources (property sales, leasing income and property management fees) plus government and bank partnerships provide structural flexibility. Leasing and management fees can smooth cash flow volatility from cyclical property sales, supporting operations over coming months.
Negative Factors
Negative equity and high leverage
Negative equity and an inability to calculate debt/equity reflect severe balance sheet strain. High leverage limits financing options, raises refinancing and covenant risks, and structurally impairs the firm's ability to fund new projects or absorb market shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Multiple revenue sources (property sales, leasing income and property management fees) plus government and bank partnerships provide structural flexibility. Leasing and management fees can smooth cash flow volatility from cyclical property sales, supporting operations over coming months.
Read all positive factors
Kaisa Group Holdings Ltd. (1638) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$845.79M
Dividend YieldN/A
Average Volume (3M)6.58M
Price to Earnings (P/E)―
Beta (1Y)3.88
Revenue Growth-45.46%
EPS Growth-33.35%
CountryHK
Employees15,225
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.54
Shares Outstanding9,611,258,000
10 Day Avg. Volume4,397,251
30 Day Avg. Volume6,583,704
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.03
Price to Sales (P/S)0.11
P/FCF Ratio-4.14
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
Kaisa Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Kaisa Group Holdings Ltd., an investment holding company, engages in the property investment, development, and management businesses in the People's Republic of China. It develops villas, townhouses, residential and commercial buildings, and offic...
How the Company Makes Money
Kaisa Group Holdings generates revenue primarily through the sale of real estate properties, which forms the bulk of its income. The company develops residential and commercial properties, selling them to end-users and investors at a profit. In ad...
Kaisa Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
5
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.83B | 11.56B | 26.16B | 25.39B | 35.54B | 55.77B |
| Gross Profit | -15.96B | -11.06B | 1.70B | 1.70B | -1.65B | 13.33B |
| EBITDA | -21.63B | -18.76B | -16.52B | -10.70B | -11.19B | 6.83B |
| Net Income | -29.45B | -28.53B | -19.93B | -13.06B | -12.73B | 5.45B |
Balance Sheet | ||||||
| Total Assets | 202.64B | 210.68B | 232.82B | 264.34B | 290.13B | 309.90B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 1.61B | 1.96B | 2.97B | 7.69B | 44.81B |
| Total Debt | 134.27B | 135.64B | 134.20B | 134.76B | 132.33B | 122.03B |
| Total Liabilities | 244.45B | 242.42B | 225.10B | 229.10B | 231.05B | 231.18B |
| Stockholders Equity | -50.57B | -40.58B | -12.05B | 7.86B | 21.03B | 32.33B |
Cash Flow | ||||||
| Free Cash Flow | 360.53M | -315.23M | -435.72M | -6.33B | -22.49B | 3.32B |
| Operating Cash Flow | 523.89M | -124.81M | -359.18M | -6.26B | -21.85B | 4.53B |
| Investing Cash Flow | 1.24B | 982.51M | -604.37M | 2.02B | -13.19B | -25.89B |
| Financing Cash Flow | -1.49B | -1.13B | -199.14M | 3.17B | 2.05B | 30.42B |
Kaisa Group Holdings Ltd. Technical Analysis
Positive
0.10
Price Trends
0.09
Positive
0.10
Negative
0.13
Negative
Market Momentum
<0.01
Negative
53.42
Neutral
36.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1638, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 36.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1638.
Kaisa Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$828.90M | 1.03 | -16.32% | 3.70% | -11.00% | -676.27% | |
46 Neutral | HK$1.34B | -1.59 | -7.51% | ― | 23.54% | -204.92% | |
44 Neutral | HK$532.96M | -0.12 | -55.49% | ― | -29.26% | 88.87% | |
43 Neutral | HK$964.71M | -0.11 | -18.40% | ― | -11.33% | -7.70% | |
39 Underperform | HK$845.79M | -0.02 | ― | ― | -45.46% | -33.35% |
* Real Estate Sector Average
HK:1638
Kaisa Group Holdings Ltd.
0.09
-0.09
-51.38%
HK:1813
KWG Group Holdings
0.16
-0.19
-55.43%
HK:0131
Cheuk Nang (Holdings) Limited
1.27
-0.24
-15.73%
HK:1238
Powerlong Real Estate Holdings Ltd.
0.23
-0.14
-37.87%
HK:0563
Shanghai Industrial Urban Development Group Ltd
0.28
-0.02
-6.67%
Kaisa Group Holdings Ltd. Corporate Events
Kaisa Seeks Noteholder Consent and Mulls New Share Issue as PIK Interest Lifts Debt Load
Jan 23, 2026
Kaisa Group Holdings Ltd. has issued a supplemental consent solicitation statement relating to multiple series of variable rate senior notes maturing between 2027 and 2032, with an aggregate outstanding principal of several billion U.S. dollars. T...
Kaisa Further Extends Deadline for Noteholders’ Consent Solicitation
Jan 16, 2026
Kaisa Group Holdings Ltd. has further extended the deadline for its ongoing consent solicitation related to certain notes, moving the expiration from 4:00 p.m. London time on January 16, 2026 to 4:00 p.m. London time on January 23, 2026. The exten...
Kaisa Group Announces Name Change of External Auditor
Jan 14, 2026
Kaisa Group Holdings Ltd. has announced that its external auditor has changed its English name from SFAI (HK) CPA Limited to ZSZH (HK) Fuson CPA Limited, and its Chinese name has also been updated, effective 9 January 2026. The change reflects onl...
Kaisa Group Executive Director Li Haiming Resigns for Health Reasons
Jan 5, 2026
Kaisa Group Holdings Ltd. has announced the resignation of executive director Li Haiming, effective 5 January 2026, citing health reasons. The company emphasized that Li has no disagreements with the board and that there are no issues requiring sh...
Kaisa Group Details Board and Committee Composition in Governance Update
Jan 5, 2026
Kaisa Group Holdings Ltd. has announced the current composition of its board of directors, listing five executive directors, including Chairman Kwok Ying Shing and Vice Chairman Mai Fan, alongside four independent non-executive directors. The comp...
Kaisa Further Extends Consent Solicitation Deadline for Outstanding Notes
Dec 28, 2025
Kaisa Group Holdings has further extended the expiration deadline for its ongoing consent solicitation relating to certain outstanding notes, moving the cut-off from 4:00 p.m. London time on December 28, 2025 to 4:00 p.m. London time on January 16...
Kaisa Group Announces Extension of Consent Solicitation Deadline for Notes
Dec 17, 2025
Kaisa Group Holdings Ltd. has announced an extension of the expiration deadline for its consent solicitation relating to company-issued notes. The new deadline, moved from December 17, 2025, to December 28, 2025, aims to provide eligible holders a...
Kaisa Group Announces Consent Solicitation and Potential Share Issuance
Dec 1, 2025
Kaisa Group Holdings Ltd. has announced a consent solicitation related to its outstanding variable rate senior notes due between 2027 and 2032. The company is also considering the possible issuance of new shares under general and specific mandates...
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.