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Greentown Service Group Co. Ltd.
(2869)
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Rating:71Outperform
Price Target:
HK$4.50
▲(1.81% Upside)
Action:Reiterated
Date:03/22/26
The score is supported by a strong financial position (low leverage and improving balance sheet metrics) and very attractive valuation (low P/E with a solid dividend). These positives are tempered by weak technicals—price below key moving averages with negative MACD—signaling near-term downside momentum.
Positive Factors
Balance Sheet Strength
A conservatively positioned balance sheet with declining debt-to-equity improves financial resilience and lowering default risk. That durability supports bid capacity for new contracts, steady working capital for community operations, and financing optionality for selective M&A or capex over the medium term.
Negative Factors
Thin Net Margins
Persistently thin net margins reduce earnings retention and limit capacity to convert revenue growth into shareholder returns. In a labour- and service-intensive sector, thin margins raise vulnerability to wage inflation, competitive fee pressure, and cost shocks, constraining sustainable profitability expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A conservatively positioned balance sheet with declining debt-to-equity improves financial resilience and lowering default risk. That durability supports bid capacity for new contracts, steady working capital for community operations, and financing optionality for selective M&A or capex over the medium term.
Read all positive factors
Greentown Service Group Co. Ltd. (2869) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.15B
Dividend Yield2.78%
Average Volume (3M)4.85M
Price to Earnings (P/E)13.1
Beta (1Y)1.00
Revenue Growth6.95%
EPS Growth28.21%
CountryHK
Employees51,785
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.27
Shares Outstanding3,154,175,300
10 Day Avg. Volume4,213,546
30 Day Avg. Volume4,849,073
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.66
Price to Sales (P/S)0.69
P/FCF Ratio9.01
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)0.34
Revenue Forecast (FY)HK$20.71B
Greentown Service Group Co. Ltd. Business Overview & Revenue Model
Company Description
Greentown Service Group Co. Ltd. offers extensive residential property management services across China, Australia, and Hong Kong. Their primary responsibilities encompass essential tasks such as security, cleaning, landscaping, and general repair...
How the Company Makes Money
The company primarily earns revenue through (1) property management services, where it charges recurring management fees for services such as security, cleaning, landscaping, facilities maintenance, and community operations, typically collected fr...
Greentown Service Group Co. Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
86
Very Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.16B | 17.89B | 17.39B | 14.86B | 12.57B |
| Gross Profit | 3.32B | 3.01B | 2.91B | 2.40B | 2.33B |
| EBITDA | 1.54B | 1.40B | 1.54B | 1.05B | 1.23B |
| Net Income | 880.20M | 785.08M | 605.37M | 547.50M | 846.27M |
Balance Sheet | |||||
| Total Assets | 18.32B | 17.69B | 18.08B | 16.85B | 14.37B |
| Cash, Cash Equivalents and Short-Term Investments | 6.45B | 5.79B | 5.69B | 5.07B | 5.51B |
| Total Debt | 511.11M | 803.52M | 1.73B | 1.85B | 1.32B |
| Total Liabilities | 9.60B | 9.15B | 9.86B | 8.98B | 7.00B |
| Stockholders Equity | 7.96B | 7.79B | 7.41B | 7.12B | 7.02B |
Cash Flow | |||||
| Free Cash Flow | 1.47B | 1.15B | 933.16M | 241.48M | 609.28M |
| Operating Cash Flow | 1.59B | 1.47B | 1.44B | 695.28M | 1.02B |
| Investing Cash Flow | -291.63M | -503.29M | -377.53M | -140.77M | -301.51M |
| Financing Cash Flow | -837.96M | -651.45M | -717.25M | -720.42M | -778.69M |
Greentown Service Group Co. Ltd. Technical Analysis
Positive
4.42
Price Trends
4.22
Negative
4.16
Positive
4.24
Negative
Market Momentum
-0.03
Negative
55.24
Neutral
69.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2869, the sentiment is Positive. The current price of 4.42 is above the 20-day moving average (MA) of 3.99, above the 50-day MA of 4.22, and above the 200-day MA of 4.24, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 55.24 is Neutral, neither overbought nor oversold. The STOCH value of 69.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2869.
Greentown Service Group Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$15.64B | 8.77 | 15.06% | 4.43% | 4.91% | 4.61% | |
71 Outperform | HK$13.15B | 13.13 | 11.23% | 2.78% | 6.95% | 28.21% | |
70 Outperform | HK$11.72B | 7.76 | 23.68% | 3.82% | 6.30% | -9.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | HK$18.44B | 27.22 | 1.66% | 4.94% | 9.98% | -68.38% | |
56 Neutral | HK$2.57B | 22.38 | -12.90% | 4.41% | -7.01% | ― | |
52 Neutral | HK$9.51B | 8.42 | 74.40% | ― | 6.46% | -3.32% |
* Real Estate Sector Average
HK:2869
Greentown Service Group Co. Ltd.
4.17
-0.30
-6.65%
HK:2669
China Overseas Property Holdings
3.57
-1.73
-32.68%
HK:6098
Country Garden Services Holdings Co
5.66
-0.50
-8.09%
HK:3319
A-Living Smart City Services Co., Ltd. Class H
1.81
-0.94
-34.16%
HK:6049
Poly Property Services Co., Ltd. Class H
28.26
-4.39
-13.45%
HK:6666
Evergrande Property Services Group Ltd.
0.88
0.08
10.00%
Greentown Service Group Co. Ltd. Corporate Events
Greentown Service Grants 9.6 Million Share Options to Management and Staff
Jun 24, 2026
Greentown Service Group has granted 9,622,040 share options to its senior management and employees under its share option scheme adopted in June 2023. The options carry an exercise price of HK$4.328 per share, aligned with recent market prices, an...
Greentown Service Wins Strong Shareholder Backing for Dividends, Share Mandates at AGM
Jun 18, 2026
Greentown Service Group reported that all resolutions at its 18 June 2026 annual general meeting were passed by poll, including approval of the 2025 accounts, a final and special dividend, and the re-election of three directors alongside the reapp...
Greentown Service Sets 2026 AGM to Approve Dividends, Board Mandates and Share Issue Authority
Apr 23, 2026
Greentown Service Group has convened its annual general meeting for 18 June 2026 in Hangzhou, where shareholders will review the audited financial statements for the year ended 31 December 2025 and the related board and auditor reports. The agenda...
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.