Midea Real Estate Holding Limited (HK:3990)
:3990
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Midea Real Estate Holding Limited
(3990)
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Rating:60Neutral
Price Target:
HK$3.50
▼(-15.05% Downside)
Action:Reiterated
Date:04/21/26
The score is driven primarily by attractive valuation (low P/E and high dividend yield), partially offset by volatile financial performance (large swings in revenue, earnings, and cash flow) and weak technicals (price below key moving averages with negative MACD).
Positive Factors
Profitability recovery
A return to positive net income and strong operating/free cash flow in the latest year signals the business can generate internal funds to support operations and deleveraging. Durable cash generation in a cycle helps fund development pipelines, reduces short-term financing reliance, and supports long-term project execution.
Negative Factors
Revenue and earnings volatility
Large swings in revenue and earnings undermine predictability of cash flows and project economics. For a developer, volatile sales and earnings complicate long-term planning, raise financing costs, and increase execution risk on multi-year projects, making durable earnings harder to underwrite.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
A return to positive net income and strong operating/free cash flow in the latest year signals the business can generate internal funds to support operations and deleveraging. Durable cash generation in a cycle helps fund development pipelines, reduces short-term financing reliance, and supports long-term project execution.
Read all positive factors
Midea Real Estate Holding Limited (3990) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.45B
Dividend Yield10.24%
Average Volume (3M)2.25M
Price to Earnings (P/E)9.4
Beta (1Y)0.88
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees9,213
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.40
Shares Outstanding1,435,411,500
10 Day Avg. Volume3,002,630
30 Day Avg. Volume2,249,052
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)1.08
Price to Sales (P/S)1.27
P/FCF Ratio5.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.80Price Target Upside-7.77% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.44
Revenue Forecast (FY)HK$3.79B
Midea Real Estate Holding Limited Business Overview & Revenue Model
Company Description
Midea Real Estate Holding Limited, an investment holding company, operates as a property developer in the People's Republic of China. The company operates through four segments: Property Development and Sales; Property Management Services; Investm...
How the Company Makes Money
The company primarily makes money by developing real estate projects and selling completed properties. Its main revenue stream is income recognized from the sale of properties (typically residential units) to end buyers, where revenue is recorded ...
Midea Real Estate Holding Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
61
Positive
Cash Flow
43
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.15B | 3.73B | 73.56B | 73.63B | 73.70B |
| Gross Profit | 1.37B | 1.33B | 8.48B | 11.31B | 13.50B |
| EBITDA | 900.23M | 925.81M | 4.62B | 7.04B | 8.90B |
| Net Income | 559.30M | -2.06B | 913.58M | 1.73B | 3.74B |
Balance Sheet | |||||
| Total Assets | 9.63B | 9.72B | 201.58B | 251.94B | 288.52B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 1.03B | 17.65B | 27.93B | 36.84B |
| Total Debt | 785.29M | 833.67M | 38.17B | 48.61B | 56.55B |
| Total Liabilities | 4.59B | 4.64B | 151.46B | 201.62B | 240.71B |
| Stockholders Equity | 4.91B | 4.90B | 25.31B | 24.86B | 23.51B |
Cash Flow | |||||
| Free Cash Flow | 947.09M | -2.37B | 3.43B | 2.84B | 3.05B |
| Operating Cash Flow | 975.69M | -2.26B | 3.63B | 3.04B | 3.21B |
| Investing Cash Flow | 199.83M | -14.25B | 4.65B | 5.38B | 3.44B |
| Financing Cash Flow | -603.01M | -6.04M | -12.58B | -12.95B | 1.06B |
Midea Real Estate Holding Limited Technical Analysis
Negative
4.12
Price Trends
3.51
Negative
3.81
Negative
4.12
Negative
Market Momentum
-0.07
Positive
31.50
Neutral
10.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3990, the sentiment is Negative. The current price of 4.12 is above the 20-day moving average (MA) of 3.31, above the 50-day MA of 3.51, and below the 200-day MA of 4.12, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 31.50 is Neutral, neither overbought nor oversold. The STOCH value of 10.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3990.
Midea Real Estate Holding Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$6.91B | 9.91 | 36.16% | 6.94% | 14.12% | 8.98% | |
75 Outperform | HK$16.91B | 10.46 | 15.06% | 4.43% | 4.91% | 4.61% | |
71 Outperform | HK$14.48B | 15.06 | 11.18% | 2.78% | 6.95% | 28.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | HK$4.45B | 9.44 | ― | 10.24% | ― | ― | |
59 Neutral | HK$3.61B | 27.68 | -12.90% | 4.41% | -7.01% | ― | |
57 Neutral | HK$20.07B | 30.19 | 1.68% | 4.94% | 9.98% | -68.38% |
* Real Estate Sector Average
HK:3990
Midea Real Estate Holding Limited
3.10
-0.36
-10.46%
HK:6098
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-0.19
-7.03%
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Greentown Service Group Co. Ltd.
4.59
0.51
12.50%
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Binjiang Service Group Co. Ltd.
25.00
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6.84%
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Poly Property Services Co., Ltd. Class H
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0.92%
Midea Real Estate Holding Limited Corporate Events
Midea Real Estate Confirms Final 2025 Dividend and Payment Timetable
Apr 17, 2026
Midea Real Estate Holding Limited has declared a final ordinary cash dividend of HKD 0.19 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend was approved by shareholders on 24 June 2026, with the sh...
Midea Real Estate Lifts 2025 Earnings and Dividend as Project Management Surges
Mar 31, 2026
Midea Real Estate Holding Limited reported revenue from continuing operations of RMB4.15 billion for 2025, up 11.4% year on year, driven largely by a 227.1% surge in its newly defined project management services and modest growth in property manag...
Midea Real Estate Proposes HKD 0.19 Final Dividend for 2025
Mar 31, 2026
Midea Real Estate Holding Limited has proposed a final ordinary cash dividend of HKD 0.19 per share for the financial year ended 31 December 2025, underscoring its intention to return capital to shareholders. The payout, subject to shareholder app...
Midea Real Estate Delays Board Meeting to Approve 2025 Results
Mar 26, 2026
Midea Real Estate Holding Limited has rescheduled its upcoming board meeting, originally set for 27 March 2026, to 31 March 2026. The board is expected to review and approve the group’s annual results for the year ended 31 December 2025 and ...
Midea Real Estate Sets March 27 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Midea Real Estate Holding Limited has announced that its board of directors will meet on March 27, 2026, to review and approve the annual results for the financial year ended December 31, 2025. At the same meeting, the board will also consider whe...
Midea Real Estate Reveals Past Connected Loans and Listing Rules Breach
Mar 13, 2026
Midea Real Estate Holding Limited has disclosed that its subsidiaries Foshan Meizhi and Guangdong Meizhi entered into entrusted investment agreements in 2025, under which trustees provided up to RMB650 million in loans to affiliated entities Sheny...
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.