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E-House (China) Enterprise Holdings Limited
(2048)
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Rating:40Underperform
Price Target:
HK$0.02
▼(-65.71% Downside)
Action:Reiterated
Date:06/27/26
The score is driven primarily by weak financial fundamentals—persistent losses, negative equity with meaningful debt, and ongoing cash burn—combined with bearish technicals (price below all key moving averages and negative MACD). Valuation does not provide support because the negative P/E reflects losses and there is no dividend yield data.
Positive Factors
Service-led Business Model
E-House operates a service-focused model (primary home agency, information and consulting) that is less asset-intensive than development. This supports scalable revenue channels, client stickiness and potential margin recovery if transaction volumes normalize, a durable structural advantage.
Negative Factors
Negative Equity
Persistent negative shareholders' equity is a structural weakness that constrains financial flexibility, heightens insolvency risk, and impedes non-dilutive capital raising. Long-term recovery depends on recapitalization or sustained profits to restore net asset buffers.
Read all positive and negative factors
Positive Factors
Negative Factors
Service-led Business Model
E-House operates a service-focused model (primary home agency, information and consulting) that is less asset-intensive than development. This supports scalable revenue channels, client stickiness and potential margin recovery if transaction volumes normalize, a durable structural advantage.
Read all positive factors
E-House (China) Enterprise Holdings Limited (2048) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$40.23M
Dividend YieldN/A
Average Volume (3M)750.15K
Price to Earnings (P/E)―
Beta (1Y)3.46
Revenue Growth-37.39%
EPS Growth51.93%
CountryHK
Employees1,770
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.62
Shares Outstanding1,749,059,600
10 Day Avg. Volume1,576,320
30 Day Avg. Volume750,150
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.01
Price to Sales (P/S)0.05
P/FCF Ratio-0.52
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
E-House (China) Enterprise Holdings Limited Business Overview & Revenue Model
Company Description
E-House (China) Enterprise Holdings Limited operates as an investment holding company, specializing in providing extensive real estate transaction services throughout the People's Republic of China and Vietnam. The firm's comprehensive offerings i...
How the Company Makes Money
null...
E-House (China) Enterprise Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.47B | 2.38B | 3.80B | 4.45B | 5.03B | 8.87B |
| Gross Profit | 3.47B | 2.38B | 3.80B | 4.45B | 5.03B | 8.87B |
| EBITDA | -128.60M | -26.42M | -335.02M | -814.10M | -2.66B | -6.52B |
| Net Income | -1.07B | -611.93M | -1.27B | -1.24B | -3.90B | -11.64B |
Balance Sheet | ||||||
| Total Assets | 1.66B | 1.46B | 2.10B | 4.08B | 5.85B | 12.13B |
| Cash, Cash Equivalents and Short-Term Investments | 220.59M | 222.52M | 367.66M | 689.40M | 1.33B | 3.53B |
| Total Debt | 5.51B | 5.36B | 5.64B | 6.09B | 6.14B | 7.16B |
| Total Liabilities | 9.96B | 10.04B | 10.09B | 10.65B | 10.88B | 12.14B |
| Stockholders Equity | -8.12B | -8.43B | -7.82B | -6.55B | -5.22B | -1.16B |
Cash Flow | ||||||
| Free Cash Flow | -38.10M | -218.93M | -217.11M | -445.01M | -1.12B | -2.74B |
| Operating Cash Flow | -87.09M | -194.56M | -205.19M | -432.75M | -1.09B | -2.37B |
| Investing Cash Flow | 397.09M | 114.83M | 379.90M | 33.00M | 715.51M | 299.33M |
| Financing Cash Flow | -301.49M | -105.62M | -493.87M | -208.99M | -1.75B | -2.06B |
E-House (China) Enterprise Holdings Limited Technical Analysis
Negative
0.07
Price Trends
0.05
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
22.56
Positive
4.44
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 0.07 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.56 is Positive, neither overbought nor oversold. The STOCH value of 4.44 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$3.72B | 8.78 | 18.82% | 5.77% | 17.65% | 9.64% | |
70 Outperform | HK$1.65B | 3.90 | 33.20% | ― | 1.00% | 31.99% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | HK$1.06B | 9.11 | -5.89% | ― | -0.10% | ― | |
56 Neutral | HK$2.31B | 20.13 | -12.90% | 4.41% | -7.01% | ― | |
54 Neutral | HK$124.42B | 31.64 | 4.95% | 2.22% | -8.76% | -21.31% | |
40 Underperform | HK$40.23M | -0.06 | 13.47% | ― | -37.39% | 51.93% |
* Real Estate Sector Average
HK:2048
E-House (China) Enterprise Holdings Limited
0.02
-0.11
-82.58%
HK:0873
Shimao Services Holdings Limited
0.43
-0.34
-44.16%
HK:3319
A-Living Smart City Services Co., Ltd. Class H
1.63
-1.08
-39.87%
HK:1200
Midland Holdings Limited
2.30
0.76
49.35%
HK:2156
C&D Property Management Group Co., Ltd.
2.64
0.15
5.98%
HK:2423
KE Holdings, Inc. Class A
37.56
-8.96
-19.25%
E-House (China) Enterprise Holdings Limited Corporate Events
E-House Shareholders Back Capital Increase and Offshore Debt Restructuring Mandate
Jun 16, 2026
E-House (China) Enterprise Holdings Limited, a Cayman-incorporated and Hong Kong-listed real estate services group focused on the Chinese market, convened an extraordinary general meeting on 16 June 2026 with full board attendance either in person...
E-House (China) Wins Unanimous Shareholder Backing at 2026 AGM
Jun 16, 2026
Shareholders of E-House (China) Enterprise Holdings Limited unanimously approved all resolutions at the 16 June 2026 annual general meeting, including receipt of the 2025 audited financial statements and the re-election of five non-executive and i...
E-House Advances Offshore Debt Restructuring with New Scheme Steps and RSA Amendment
Jun 5, 2026
E-House (China) Enterprise Holdings Limited has provided an update on its ongoing debt restructuring, confirming it has issued a practice statement letter to creditors outlining its plan to implement parallel schemes of arrangement in the Cayman I...
E-House (China) Seeks Share Capital Increase and Mandate for Offshore Debt Restructuring
May 28, 2026
E-House (China) Enterprise Holdings Limited has called an extraordinary general meeting in Shanghai on 16 June 2026, asking shareholders to approve a doubling of its authorised share capital from 5 billion to 10 billion shares, with the new shares...
E-House (China) Sets 2026 AGM to Seek Director Re-Election and Capital Mandates
May 22, 2026
E-House (China) Enterprise Holdings Limited has convened its annual general meeting for 16 June 2026 in Shanghai to review the audited financial statements for the year ended 31 December 2025 and to consider the re-election of several non-executiv...
E-House Gains Majority Creditor Backing as Offshore Debt Restructuring Moves Into Court Phase
Apr 8, 2026
E-House (China) Enterprise Holdings says about 66.91% of holders of its offshore debt, by outstanding principal, have signed or acceded to its Restructuring Support Agreement tied to parallel schemes of arrangement in Hong Kong and the Cayman Isla...
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.