E-House (China) Enterprise Holdings Limited (2048) AI Stock Analysis

• Market Cap: €178.40M
• Dividend Yield: N/A
• Average Volume (3M): 1.57M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.74
• Revenue Growth: -7.52%
• EPS Growth: -5.99%
• Country: HK
• Employees: 1,770
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.18
• Shares Outstanding: 1,749,059,600
• 10 Day Avg. Volume: 3,643,110
• 30 Day Avg. Volume: 1,571,510
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 37 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

The most significant factor affecting the score is the company's dire financial situation, including declining revenues and negative equity. Technical indicators also point to bearish trends, while poor valuation metrics further impact the score. Immediate strategic interventions seem necessary to stabilize the business.

E-House (China) Enterprise Holdings Limited Business Overview & Revenue Model

Company Description

E-House (China) Enterprise Holdings Limited (2048) is a leading real estate services company based in China. The company operates through various segments, including real estate agency services, real estate data and consulting services, and real estate online services. E-House provides a comprehensive range of services such as primary and secondary real estate brokerage, real estate data analytics, and consulting, as well as property development and management solutions.

How the Company Makes Money

E-House (China) Enterprise Holdings Limited generates revenue through a diversified business model that encompasses multiple streams. The primary revenue stream is from real estate agency services, where the company earns commissions by facilitating property transactions for developers and individual buyers. Another significant revenue stream comes from its real estate data and consulting services, where E-House provides valuable market insights, analytics, and strategic consulting services to real estate developers and financial institutions. Additionally, the company benefits from its real estate online services, which include digital marketing solutions and property listings through its online platforms. Significant partnerships with real estate developers, financial institutions, and online platforms also contribute to its earnings by expanding its service offerings and market reach.

E-House (China) Enterprise Holdings Limited Financial Statement Overview

Summary

The company is facing severe financial challenges with declining revenues, persistent losses, negative equity, and significant cash flow issues. The balance sheet indicates financial distress with insolvency concerns and high leverage.

Income Statement

The company has experienced a consistent decline in revenue over the past few years, with a significant drop from 2020 to 2024. The gross profit margin remains 100% due to revenue equaling gross profit, but net profit margins have been negative, indicating substantial losses, particularly in recent years. EBIT and EBITDA margins have been negative, reflecting operational inefficiencies and high expenses relative to revenue.

Balance Sheet

The balance sheet shows significant financial distress, with negative stockholders' equity growing worse each year, indicating insolvency. The debt-to-equity ratio is not meaningful due to negative equity, but the high total debt suggests heavy reliance on leverage. The equity ratio is negative, highlighting that liabilities exceed assets, posing a substantial financial risk.

Cash Flow

The cash flow statement is troubling, with negative operating and free cash flows in recent years, indicating cash outflows from operations and insufficient cash generation to cover capital expenditures. The absence of positive cash flow growth and poor cash conversion reflect deeper operational issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.80B	4.45B	5.03B	8.87B	8.05B
Gross Profit	3.80B	4.45B	5.03B	8.87B	8.05B
EBITDA	-335.02M	-814.10M	-2.88B	-10.41B	1.38B
Net Income	-1.27B	-1.24B	-4.97B	-12.26B	439.22M
Balance Sheet
Total Assets	2.10B	4.08B	5.85B	12.13B	25.77B
Cash, Cash Equivalents and Short-Term Investments	367.66M	689.40M	1.33B	3.53B	8.90B
Total Debt	5.64B	6.09B	6.14B	7.16B	8.54B
Total Liabilities	10.09B	10.65B	10.88B	12.14B	14.28B
Stockholders Equity	-7.82B	-6.55B	-5.22B	-1.16B	10.26B
Cash Flow
Free Cash Flow	-217.11M	-445.01M	-1.12B	-2.74B	410.99M
Operating Cash Flow	-205.19M	-432.75M	-1.09B	-2.37B	587.84M
Investing Cash Flow	379.90M	33.00M	715.51M	299.33M	1.59B
Financing Cash Flow	-493.87M	-208.99M	-1.75B	-2.06B	3.06B

E-House (China) Enterprise Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2048, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.11 is Neutral, neither overbought nor oversold. The STOCH value of 12.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2048.

E-House (China) Enterprise Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1895	82 Outperform	320.24M	3.05	14.90%	10.19%	11.13%	142.00%
2376	72 Outperform	406.69M	9.55	0.00%	3.88%	-3.62%	26.58%
2146	67 Neutral	127.84M	4.21	0.00%	―	1.24%	-6.26%
1663	49 Neutral	150.30M	7.35	1.08%	―	-41.41%	-64.22%
0183	45 Neutral	99.78M	-0.56	0.00%	―	11.40%	-9.26%
2048	37 Underperform	€178.40M	―		―	-7.52%	-5.99%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

E-House (China) Enterprise Holdings Limited Corporate Events

E-House (China) Updates on Financial Restructuring Efforts

E-House (China) Enterprise Holdings Limited has announced updates regarding its financial restructuring efforts following an auditor’s disclaimer of opinion on its ability to continue as a going concern. The company is actively engaging with creditors to restructure its offshore debts and is implementing cost-cutting measures to maintain operating profit across its business segments, aiming to improve its financial position and sustain operations.

E-House (China) Enterprise Holdings Limited AGM Resolutions Unanimously Approved

E-House (China) Enterprise Holdings Limited held its Annual General Meeting on June 10, 2025, where all proposed resolutions were unanimously approved by shareholders. Key resolutions included the re-election of directors, authorization for directors to set remuneration, reappointment of the auditor, and granting of mandates for share repurchase and issuance. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued strategic operations and potential growth in the real estate services sector.

E-House (China) Announces 2025 Annual General Meeting with Key Resolutions

E-House (China) Enterprise Holdings Limited has announced its upcoming Annual General Meeting scheduled for June 10, 2025, in Shanghai. The meeting will address several key resolutions, including the re-election of directors, authorization of directors’ remuneration, re-appointment of the company’s auditor, and granting of mandates to the directors to purchase and issue shares. These resolutions are pivotal for the company’s governance and strategic financial management, potentially impacting its market operations and shareholder relations.