First Service Holding Limited (HK:2107)
:2107
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First Service Holding Limited
(2107)
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Rating:51Neutral
Price Target:
HK$0.22
▲(1.82% Upside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by the sharp profitability deterioration (2024 loss and margin compression) and weak technical momentum (below major moving averages with bearish indicators). Offsetting factors include an exceptionally low-leverage balance sheet and a very high dividend yield, though losses (negative P/E) temper the valuation benefit.
Positive Factors
Balance Sheet Strength
A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to withstand economic fluctuations and invest in growth opportunities.
Negative Factors
Profitability Deterioration
Deteriorating profitability undermines financial health and limits reinvestment capabilities, posing risks to long-term sustainability and shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to withstand economic fluctuations and invest in growth opportunities.
Read all positive factors
First Service Holding Limited (2107) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$183.58M
Dividend Yield15.45%
Average Volume (3M)280.75K
Price to Earnings (P/E)4.0
Beta (1Y)0.66
Revenue Growth6.30%
EPS Growth-128.34%
CountryHK
Employees3,827
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.08
Shares Outstanding1,264,000,000
10 Day Avg. Volume155,500
30 Day Avg. Volume280,750
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.38
Price to Sales (P/S)0.18
P/FCF Ratio22.75
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
First Service Holding Limited Business Overview & Revenue Model
Company Description
First Service Holding Limited provides property management services and green living solutions in the People's Republic of China and internationally. It operates in two segments, First Property Management and First Living. The company offers prope...
How the Company Makes Money
First Service Holding Limited generates revenue through a diversified business model that includes three key revenue streams: property management services, community value-added services, and professional services. Property management services con...
First Service Holding Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
84
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.35B | 1.33B | 1.21B | 1.12B | 1.12B | 771.80M |
| Gross Profit | 301.06M | 309.68M | 304.66M | 260.89M | 335.36M | 267.34M |
| EBITDA | -32.93M | -23.41M | 98.21M | 72.41M | 47.44M | 125.40M |
| Net Income | -21.12M | -12.07M | 57.13M | 41.34M | 35.47M | 92.58M |
Balance Sheet | ||||||
| Total Assets | 1.69B | 1.68B | 1.47B | 1.37B | 1.36B | 1.21B |
| Cash, Cash Equivalents and Short-Term Investments | 709.48M | 738.08M | 565.90M | 538.50M | 628.31M | 842.55M |
| Total Debt | 2.75M | 2.65M | 0.00 | 0.00 | 20.51M | 0.00 |
| Total Liabilities | 1.02B | 1.01B | 758.07M | 694.90M | 684.35M | 537.67M |
| Stockholders Equity | 606.00M | 619.21M | 657.49M | 629.28M | 637.48M | 653.75M |
Cash Flow | ||||||
| Free Cash Flow | -18.59M | 10.28M | 82.97M | -21.47M | -7.33M | 80.86M |
| Operating Cash Flow | -9.92M | 25.50M | 93.39M | -12.41M | 1.24M | 84.64M |
| Investing Cash Flow | 106.31M | -77.65M | 50.09M | -17.55M | -192.10M | 134.42M |
| Financing Cash Flow | -22.94M | -21.61M | -35.27M | -84.77M | -39.65M | 256.73M |
First Service Holding Limited Technical Analysis
Negative
0.22
Price Trends
0.21
Negative
0.22
Negative
0.25
Negative
Market Momentum
-0.02
Positive
11.05
Positive
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2107, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.21, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 11.05 is Positive, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2107.
First Service Holding Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$537.09M | 1.78 | 11.34% | ― | 5.01% | -31.83% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$225.14M | 3.65 | 3.28% | 6.60% | -14.43% | -77.55% | |
59 Neutral | HK$214.37M | 6.11 | -0.02% | ― | -68.21% | -100.40% | |
51 Neutral | HK$183.58M | 4.01 | -3.45% | 15.45% | 6.30% | -128.34% | |
43 Neutral | HK$203.52M | 7.72 | 2.10% | ― | 0.88% | -25.81% |
* Real Estate Sector Average
HK:2107
First Service Holding Limited
0.15
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-47.00%
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0.05
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0.09
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Yincheng Life Service Co., Ltd.
1.36
0.00
0.00%
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Ling Yue Services Group Limited
1.88
0.67
55.37%
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Aoyuan Healthy Life Group Co. Ltd.
0.31
-0.15
-33.19%
First Service Holding Limited Corporate Events
First Service Holding Wins Full Shareholder Backing for New Connected Service Agreements
Dec 30, 2025
First Service Holding Limited announced that shareholders at its extraordinary general meeting on 30 December 2025 approved two sets of continuing connected transactions by poll vote, each receiving 100% support from voting shareholders. The resol...
First Service Holding Limited Announces EGM to Approve Key Service Agreements
Dec 11, 2025
First Service Holding Limited has announced an Extraordinary General Meeting (EGM) scheduled for December 30, 2025, to discuss and approve two significant continuing connected transactions. These transactions involve new agreements for energy oper...
First Service Holding Limited Enters New Framework Agreements for Continued Service Operations
Nov 20, 2025
First Service Holding Limited has announced its entry into four new framework agreements, which will continue the company’s ongoing connected transactions beyond the expiration of existing agreements in December 2025. These agreements, which...
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.