E-Star Commercial Management Company Limited (6668) AI Stock Analysis

• Market Cap: HK$1.28B
• Dividend Yield: 13.17%
• Average Volume (3M): 323.43K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.67
• Revenue Growth: -0.26%
• EPS Growth: -11.41%
• Country: HK
• Employees: 954
• Sector: Real Estate
• Sector Strength: 73
• Industry: Real Estate - Services
• EPS (TTM): 0.07
• Shares Outstanding: 1,014,516,000
• 10 Day Avg. Volume: 375,600
• 30 Day Avg. Volume: 323,433
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: ―

E-Star Commercial Management Company Limited maintains strong financial performance with robust revenue growth and profitability, though recent cash flow concerns are noted. The technical indicators suggest moderate momentum, and the valuation metrics highlight the stock as potentially undervalued with a high dividend yield. These factors collectively support a favorable stock score, balanced by the need to monitor cash flow management.

E-Star Commercial Management Company Limited Business Overview & Revenue Model

Company Description

E-Star Commercial Management Company Limited, an investment holding company, provides commercial property operational services to owners or tenants in respect of commercial properties in the People's Republic of China. It operates through three segments: Entrusted Management Service Model; Brand and Management Output Service Model; and Sublease Service Model. The company offers positioning, construction consultancy, and tenant sourcing services, which primarily include market positioning, business planning consultancy, design and construction consultancy, and tenant sourcing; and operational management services principally comprising formulating operation strategies, conducting marketing and promotional events, tenant and property management, and rent collection. It also provides property leasing services, such as sublease of commercial spaces in the commercial properties managed under the sublease service model to tenants; value-added services primarily consisting of management of common areas in the shopping centers, which customers could rent for a short period for pop-up shops and promotional settings, and management of advertising spaces, such as LED boards and interior and exterior facades of the shopping centers; and leases commercial spaces to tenants. The company offers commercial property operational services under the COCO Park, COCO City, COCO Garden, iCO, and Top Living brands. It serves shopping centers, and streets and commercial complexes. As of December 31, 2021, the company offered operation services to a total of 84 commercial property projects located in 25 cities. The company was founded in 2004 and is based in Shenzhen, the People's Republic of China. E-Star Commercial Management Company Limited is a subsidiary of Go Star Investment Holding Limited.

How the Company Makes Money

E-Star Commercial Management Company Limited generates revenue primarily through management fees charged to property owners for their services in managing and operating commercial spaces. These fees are typically based on a percentage of the rental income generated by the properties under management. In addition to management fees, the company also earns money through leasing commissions, where it takes a percentage of the rental agreements secured with tenants. Furthermore, E-Star may derive income from offering ancillary services such as marketing, facility management, and consultancy services to enhance the overall value proposition of the properties they manage. Strategic partnerships with retailers and property developers can also enhance revenue streams by expanding their portfolio and service reach.

E-Star Commercial Management Company Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
635.01M	561.85M	572.21M	441.95M	387.31M
	Gross Profit
333.56M	313.04M	330.43M	248.63M	200.60M
	EBIT
247.05M	251.63M	265.49M	177.96M	116.20M
	EBITDA
323.65M	259.04M	263.60M	186.67M	120.22M
	Net Income Common Stockholders
171.10M	154.28M	184.92M	126.84M	84.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.43B	1.26B	1.26B	329.57M	199.90M
	Total Assets
2.32B	2.14B	1.43B	441.18M	295.33M
	Total Debt
695.41M	690.53M	68.73M	73.41M	68.62M
	Net Debt
148.49M	207.70M	-377.62M	-68.25M	-65.29M
	Total Liabilities
1.05B	961.15M	293.70M	277.93M	259.66M
	Stockholders Equity
1.26B	1.15B	1.12B	159.75M	32.91M
Cash Flow		Free Cash Flow
298.04M	157.84M	182.55M	131.81M	109.85M
	Operating Cash Flow
299.34M	161.93M	199.76M	133.66M	110.41M
	Investing Cash Flow
-152.60M	-4.22M	-667.12M	-117.17M	222.70M
	Financing Cash Flow
-85.72M	-118.17M	772.05M	-8.74M	-286.06M

E-Star Commercial Management Company Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6668, the sentiment is Positive. The current price of 1.26 is above the 20-day moving average (MA) of 1.24, above the 50-day MA of 1.22, and above the 200-day MA of 1.17, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.94 is Neutral, neither overbought nor oversold. The STOCH value of 48.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6668.

E-Star Commercial Management Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6668	75 Outperform	HK$1.28B	7.62	12.36%	13.17%	-0.26%	-11.41%
Sector *	61 Neutral	$2.83B	10.89	0.42%	9.23%	5.94%	-21.26%
CTRGF		$2.79B	10.99	4.96%	0.32%	―	―
1V0		€442.63M	―	-29.17%	2.52%	―	―
1995	68 Neutral	HK$3.42B	6.62	9.70%	6.75%	2.68%	8.49%
3662	67 Neutral	HK$377.65M	3.62	8.37%	44.17%	-14.98%	-39.71%
9928	61 Neutral	HK$466.60M	91.35	0.35%	8.22%	-5.18%	―

E-Star Commercial Management Company Limited Corporate Events

E-Star Commercial Management Announces Annual General Meeting Agenda

E-Star Commercial Management Company Limited has scheduled its annual general meeting for June 6, 2025, in Shenzhen, China. Key agenda items include the adoption of financial statements for 2024, declaration of a final dividend of HK$8.3 cents per share, re-election of directors, and re-appointment of Deloitte Touche Tohmatsu as auditors. The meeting will also consider authorizing the board to issue additional shares, which could impact the company’s capital structure and shareholder value.

E-Star Commercial Management Announces Final Dividend for 2024

E-Star Commercial Management Company Limited announced a final cash dividend of HKD 0.083 per share for the financial year ending December 31, 2024. The dividend will be paid on July 10, 2025, with an ex-dividend date of June 11, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may positively impact its market positioning by demonstrating financial stability and shareholder focus.

E-Star Commercial Management Reports 2024 Financial Results with Revenue Growth but Profit Decline

E-Star Commercial Management Company Limited reported a slight increase in revenue for the year ending December 31, 2024, amounting to approximately RMB644.5 million, a 1.5% rise compared to the previous year. However, the company’s profit attributable to its owners decreased by 9.7% to approximately RMB154.5 million. Despite the decline in profit, the board recommended a final dividend, resulting in a total dividend payout ratio of approximately 80% for the year. This announcement reflects a stable revenue stream but highlights challenges in maintaining profitability, which may impact stakeholder confidence and necessitate strategic adjustments.

E-Star Commercial Management’s Resolution Passed at Extraordinary General Meeting

E-Star Commercial Management Company Limited announced that the proposed resolution at their Extraordinary General Meeting held on March 19, 2025, was passed by independent shareholders. The resolution involved approving and ratifying an Amendment Deed related to a non-competition agreement with Mr. Huang Chu-long, and authorizing a company director to implement the necessary actions for the Amendment Deed. This development is significant for the company’s governance and operational strategy, reflecting shareholder support for the management’s decisions.