E-House (China) Enterprise Holdings Limited (HK:2048)
:2048
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E-House (China) Enterprise Holdings Limited
(2048)
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Rating:41Neutral
Price Target:
HK$0.05
▼(-31.43% Downside)
Action:Upgraded
Date:05/19/26
The score is driven primarily by very weak financial performance—persistent losses, negative equity, and continued cash burn—which creates elevated financial risk. Technicals also remain bearish with the price below key moving averages and negative MACD, while valuation signals are constrained by negative earnings and the absence of a provided dividend yield.
Positive Factors
Diversified service platform
E-House runs a multi-service platform covering new-home agency, information and consulting services for the residential market. That diversified, asset-light service mix helps capture transaction-related revenue as housing activity recovers, offering durable demand exposure without heavy capital intensity.
Negative Factors
Negative equity
Persistent negative equity across 2021–2025 is a structural capital shortfall that reduces borrowing capacity and heightens refinancing and counterparty risk. Remediation typically requires equity injections or asset sales, which can dilute shareholders or shrink operating scale and constrain strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified service platform
E-House runs a multi-service platform covering new-home agency, information and consulting services for the residential market. That diversified, asset-light service mix helps capture transaction-related revenue as housing activity recovers, offering durable demand exposure without heavy capital intensity.
Read all positive factors
E-House (China) Enterprise Holdings Limited (2048) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$89.20M
Dividend YieldN/A
Average Volume (3M)750.15K
Price to Earnings (P/E)―
Beta (1Y)3.31
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, an investment holding company, provides real estate transaction services in People's Republic of China and Vietnam. It offers real estate agency, real estate data and consulting, and real estate brokera...
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 | 0.00 | -105.62M | -493.87M | -208.99M | -1.75B | -2.06B |
E-House (China) Enterprise Holdings Limited Technical Analysis
Negative
0.07
Price Trends
0.06
Negative
0.06
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
36.05
Neutral
23.61
Neutral
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 0.05, above the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.05 is Neutral, neither overbought nor oversold. The STOCH value of 23.61 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$219.42M | 1.77 | 15.16% | 11.22% | 4.17% | 10.89% | |
70 Outperform | HK$330.68M | 10.33 | 5.84% | 3.90% | -6.48% | -24.68% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | HK$199.58M | 6.07 | -0.02% | ― | -68.21% | -100.40% | |
57 Neutral | HK$106.22M | 4.33 | 4.90% | ― | -2.47% | -1.55% | |
49 Neutral | HK$87.30M | -0.69 | -3.74% | ― | 106.94% | 72.57% | |
41 Neutral | HK$89.20M | -0.19 | 13.47% | ― | -37.39% | 51.93% |
* Real Estate Sector Average
HK:2048
E-House (China) Enterprise Holdings Limited
0.05
-0.10
-66.00%
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Sino Harbour Holdings Group Limited
0.08
>-0.01
-4.55%
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0.15
-0.01
-8.13%
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Xinyuan Property Management Service (Cayman) Ltd.
0.36
-0.11
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Roiserv Lifestyle Services Co. Ltd. Class H
1.20
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-14.29%
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Lushang Life Services Co., Ltd. Class H
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0.79
46.75%
E-House (China) Enterprise Holdings Limited Corporate Events
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...
E-House Narrows Loss, Pushes Debt Restructuring as China Property Slump Persists
Mar 26, 2026
E-House (China) Enterprise Holdings reported a significantly narrowed net loss for 2025 as it doubled down on cost reduction, cash management and asset optimization amid a deep and prolonged downturn in China’s real estate market. The group ...
E-House (China) Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
E-House (China) Enterprise Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a f...
E-House Wins Strong Backing for Offshore Debt Restructuring Ahead of Court Schemes
Feb 27, 2026
E-House (China) Enterprise Holdings Limited reported strong creditor backing for its offshore debt restructuring, with holders representing about 72.58% of the outstanding principal having acceded or committed to accede to its restructuring suppor...
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.