Poly Property Services Co., Ltd. Class H (6049) AI Stock Analysis

• Market Cap: HK$18.51B
• Dividend Yield: 4.34%
• Average Volume (3M): 1.34M
• Price to Earnings (P/E): 11.5
• Beta (1Y): 1.22
• Revenue Growth: 6.53%
• EPS Growth: 4.78%
• Country: HK
• Employees: 30,125
• Sector: Real Estate
• Sector Strength: 55
• Industry: Real Estate - Services
• EPS (TTM): 1.24
• Shares Outstanding: 347,000,100
• 10 Day Avg. Volume: 1,435,568
• 30 Day Avg. Volume: 1,339,855
• PEG Ratio: 14.69
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 40.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$40.00
• Price Target Upside: 19.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 79 Outperform
• Price Target: HK$37.00 ▲(10.61%Upside)

Poly Property Services Co., Ltd. demonstrates strong financial performance with robust revenue growth and efficient cost management. The technical analysis indicates positive momentum, although the stock may be nearing overbought conditions. The company's low P/E ratio and high dividend yield make it an attractive investment opportunity. Overall, the company is well-positioned financially and offers significant value potential.

Poly Property Services Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Poly Property Services Co., Ltd., together with its subsidiaries, provides property management services in the People's Republic of China. The company offers services for residential communities, commercial and office buildings, and public and other properties under the Harmony Courtyard, Oriental Courtesy, Nebula Ecology, and Towns Revitalisation brands. It also provides community and value-added services to non-property owners, such as pre-delivery services to property developers for assisting in property sales and marketing activities at property sales venues and display units, which primarily include visitor reception, cleaning, and security inspection and maintenance, as well as other value-added services to nonproperty owners, such as consultancy, inspection, delivery, and asset operation services. In addition, the company offers fitness, housekeeping, landscaping, and catering management services. As of December 31, 2021, it had a total of 2,428 contracted projects with an aggregate contracted gross floor area of approximately 656.3 million square meters covering 196 cities across 29 provinces, municipalities, and autonomous regions in China. The company was formerly known as Poly Property Development Co., Ltd. and changed its name to Poly Property Services Co., Ltd. in July 2020. The company was incorporated in 1996 and is based in Guangzhou, China. Poly Property Services Co., Ltd. is a subsidiary of Poly Developments and Holdings Group Co., Ltd.

How the Company Makes Money

Poly Property Services Co., Ltd. generates revenue through various streams within the property management sector. The company primarily earns income by charging management fees for its services in residential and commercial properties. These fees are typically based on the size and nature of the property managed. Additional revenue is generated from value-added services, such as consultancy, facility management, and community value-added services, which include customized solutions for homeowners and businesses. Strategic partnerships with real estate developers and local government projects also play a significant role in sustaining and growing its revenue base.

Poly Property Services Co., Ltd. Class H Financial Statement Overview

Summary

Poly Property Services Co., Ltd. showcases a robust financial performance with strong revenue and profit growth, supported by efficient cost management and operational efficiency. The balance sheet is stable with low leverage, indicating financial resilience. Cash flow generation has been consistent historically, though more recent data is needed for a comprehensive current assessment.

Income Statement

The company has demonstrated strong revenue growth over the years, with a 24.2% increase from 2020 to 2021 and a consistent upward trend into 2024. Gross profit margin improved, indicating effective cost management, and net profit margins are healthy. EBIT and EBITDA margins reflect robust operational efficiency. Overall, the income statement shows a solid performance with consistent profitability.

Balance Sheet

The balance sheet is strong, with a significant equity base and a low debt-to-equity ratio due to minimal debt levels. Return on equity remains positive, reflecting efficient use of equity capital. The equity ratio indicates a well-capitalized company, suggesting low financial risk. However, the slight increase in total liabilities over the years warrants monitoring.

Cash Flow

The company has displayed consistent free cash flow generation, indicating strong cash-generating ability. However, the absence of recent data for operating, investing, and financing cash flows poses a challenge in assessing current cash flow health. The historical trend shows positive operating cash flow relative to net income, but more recent data would provide a clearer picture.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.34B	15.06B	13.69B	10.78B	8.04B
Gross Profit	2.98B	2.95B	2.57B	2.01B	1.50B
EBITDA	1.93B	2.23B	1.90B	1.50B	1.04B
Net Income	1.47B	1.38B	1.11B	845.69M	673.52M
Balance Sheet
Total Assets	16.78B	14.88B	13.11B	11.14B	9.44B
Cash, Cash Equivalents and Short-Term Investments	10.08B	11.18B	9.11B	7.84B	7.45B
Total Debt	105.65M	111.70M	107.22M	114.59M	238.12M
Total Liabilities	6.91B	6.00B	5.26B	4.25B	3.20B
Stockholders Equity	9.70B	8.72B	7.69B	6.79B	6.17B
Cash Flow
Free Cash Flow	1.40B	2.34B	1.40B	1.37B	487.14M
Operating Cash Flow	2.30B	2.42B	1.47B	1.45B	548.83M
Investing Cash Flow	-2.82B	56.29M	-97.84M	-858.30M	59.80M
Financing Cash Flow	-604.66M	-418.27M	-137.62M	-339.81M	302.33M

Poly Property Services Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6049, the sentiment is Positive. The current price of 33.45 is above the 20-day moving average (MA) of 32.08, above the 50-day MA of 30.61, and above the 200-day MA of 29.58, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 70.49 is Negative, neither overbought nor oversold. The STOCH value of 65.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6049.

Poly Property Services Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6049	79 Outperform	HK$18.51B	11.50	16.04%	4.34%	6.53%	4.78%
Sector *	59 Neutral	C$1.26B	0.88	-8.20%	5.02%	9.89%	-25.14%
CNPPF		$2.30B	10.91		3.50%	―	―
CTRGF		$2.75B	11.03	4.96%	0.31%	―	―
2869	73 Outperform	HK$13.59B	18.32	8.94%	3.01%	1.01%	12.45%
2602	71 Outperform	HK$24.66B	19.82	6.76%	4.95%	7.13%	-42.14%
6666	58 Neutral	HK$9.08B	8.20	2935.68%	―	0.27%	-35.07%

Poly Property Services Co., Ltd. Class H Corporate Events

Poly Property Services Announces Board Composition and Committee Roles

Poly Property Services Co., Ltd. has announced the composition of its board of directors, highlighting the roles and functions of its executive, non-executive, and independent non-executive directors. The announcement outlines the membership of the board committees, which are crucial for the company’s governance and strategic direction, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces Final Dividend for 2024

Poly Property Services Co., Ltd. announced a final ordinary cash dividend for the year ended December 31, 2024, at RMB 1.332 per share, which will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.09108. The dividend payment is scheduled for July 25, 2025, with a 10% withholding tax applicable to non-resident enterprise and individual shareholders. This announcement updates the default currency and amount of the dividend payment, reflecting the company’s commitment to shareholder returns and its strategic financial management.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$40.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces AGM Results and Dividend Approval

Poly Property Services Co., Ltd. announced the results of its 2024 Annual General Meeting (AGM), Domestic Shares Class Meeting, and H Shares Class Meeting, where all proposed resolutions were passed by shareholders. The company also confirmed the appointment of new board committee members and approved an annual dividend of RMB1.332 per share, reflecting strong shareholder support and a positive outlook for future operations.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces 2024 AGM and Key Resolutions

Poly Property Services Co., Ltd. has announced its 2024 Annual General Meeting to be held on June 6, 2025, in Guangzhou, China. The meeting will address several resolutions, including the approval of financial reports, profit distribution, election of directors, and re-appointment of auditors. These decisions are crucial for the company’s governance and financial planning, impacting its operational efficiency and stakeholder relations.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces 2025 Domestic Shares Class Meeting

Poly Property Services Co., Ltd. has announced the first domestic shares class meeting of 2025, scheduled for June 6, 2025, in Guangzhou, China. The meeting will consider a special resolution to grant the board a general mandate to repurchase H shares, which could impact the company’s share structure and market positioning.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$39.57 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces 2025 H Shares Class Meeting

Poly Property Services Co., Ltd. has announced the convening of its first H Shares Class Meeting of 2025 to be held on June 6, 2025, in Guangzhou, China. The meeting aims to consider and approve a special resolution granting the Board a General Mandate to repurchase H Shares, which could impact the company’s shareholding structure and market positioning.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$39.57 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces Final Dividend for 2024

Poly Property Services Co., Ltd. has announced a final cash dividend of RMB 1.332 per share for the financial year ending December 31, 2024. The dividend will be paid on July 25, 2025, with various dates set for ex-dividend and record purposes. The announcement includes details on withholding tax rates for non-resident enterprise and individual shareholders, highlighting a 10% tax rate applicable to both categories.

Poly Property Services Unlocks Second Tranche of Share Incentive Scheme

Poly Property Services Co., Ltd. has announced the unlocking of the second tranche of its Initial Grant under the Restricted Share Incentive Scheme. This decision, approved by the board of directors, allows 156 participants to unlock a total of 1,343,628 H Shares, following the fulfillment of the necessary conditions. The scheme aims to incentivize and retain key personnel, potentially impacting the company’s operational efficiency and stakeholder confidence positively.

Poly Property Services Completes H Share Full Circulation

Poly Property Services Co., Ltd. has completed the conversion of 193,666,690 Domestic Shares to H Shares, marking the full circulation of its H Shares. This conversion significantly alters the company’s shareholding structure, increasing the proportion of H Shares to 62.711% from 27.711%, which could enhance the company’s liquidity and attractiveness to international investors.