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Yuexiu Property Co
(0123)
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Rating:42Neutral
Price Target:
HK$3.00
â–¼(-16.20% Downside)
Action:Reiterated
Date:08/07/26
The score is weighed down primarily by deteriorating financial performance (sharp profit and margin compression, very low ROE, and high leverage) and a technically weak downtrend (price below all key moving averages with negative MACD). Valuation is also a drag due to the extremely high P/E, partly offset by a relatively strong dividend yield and recent positive free cash flow.
Positive Factors
Recent positive cash generation
Strongly positive operating and free cash flow in 2025 provides internal funding for development activity, debt service, and liquidity needs. Although lower than 2024, this cash generation gives the company a meaningful operating buffer while projects are delivered and sold.
Negative Factors
Severe profitability deterioration
The sharp collapse in net income and margins indicates that recent projects are generating far less economic value than before. Gross margin compression to 7.2% and a near-zero net margin leave little buffer for cost increases, financing burdens, or weaker selling conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent positive cash generation
Strongly positive operating and free cash flow in 2025 provides internal funding for development activity, debt service, and liquidity needs. Although lower than 2024, this cash generation gives the company a meaningful operating buffer while projects are delivered and sold.
Read all positive factors
Yuexiu Property Co (0123) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$12.61B
Dividend Yield5.31%
Average Volume (3M)13.65M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth-20.78%
EPS Growth-318.43%
CountryHK
Employees14,000
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.31
Shares Outstanding4,025,392,800
10 Day Avg. Volume22,785,058
30 Day Avg. Volume13,647,417
Financial Highlights & Ratios
PEG Ratio-2.74
Price to Book (P/B)0.26
Price to Sales (P/S)0.17
P/FCF Ratio1.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$4.98Price Target Upside39.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.04
Revenue Forecast (FY)HK$78.70B
Yuexiu Property Co Business Overview & Revenue Model
Company Description
Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, invests, and manages properties primarily in Mainland China and Hong Kong. It operates through four segments: Property Development, Property Management, Property Inv...
How the Company Makes Money
Yuexiu Property primarily makes money through property development and sales. The largest revenue stream typically comes from selling residential (and some commercial) units in its development projects, where revenue is recognized based on applica...
Yuexiu Property Co Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.07B | 86.46B | 86.40B | 80.22B | 72.42B | 57.38B |
| Gross Profit | 3.72B | 6.75B | 9.05B | 12.26B | 14.81B | 12.48B |
| EBITDA | 1.91B | 2.77B | 5.07B | 8.96B | 11.99B | 9.33B |
| Net Income | -1.23B | 55.06M | 1.04B | 3.19B | 3.95B | 3.59B |
Balance Sheet | ||||||
| Total Assets | 365.33B | 369.90B | 410.45B | 401.18B | 346.35B | 313.85B |
| Cash, Cash Equivalents and Short-Term Investments | 51.48B | 45.38B | 30.20B | 30.96B | 22.84B | 33.54B |
| Total Debt | 104.32B | 105.55B | 104.68B | 105.21B | 89.19B | 76.41B |
| Total Liabilities | 258.81B | 264.03B | 306.37B | 298.97B | 261.56B | 239.49B |
| Stockholders Equity | 55.43B | 54.84B | 55.26B | 55.63B | 47.43B | 46.24B |
Cash Flow | ||||||
| Free Cash Flow | 23.28B | 13.48B | 21.47B | 8.22B | 2.55B | -5.95B |
| Operating Cash Flow | 23.48B | 13.71B | 21.84B | 8.56B | 3.72B | -4.68B |
| Investing Cash Flow | -10.50B | 4.59B | -4.27B | 220.10M | -7.06B | -6.52B |
| Financing Cash Flow | -7.44B | -15.49B | -17.12B | -1.38B | -7.71B | 15.79B |
Yuexiu Property Co Technical Analysis
Positive
3.58
Price Trends
3.62
Positive
3.88
Negative
4.11
Negative
Market Momentum
0.02
Negative
53.55
Neutral
35.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0123, the sentiment is Positive. The current price of 3.58 is below the 20-day moving average (MA) of 3.68, below the 50-day MA of 3.62, and below the 200-day MA of 4.11, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.55 is Neutral, neither overbought nor oversold. The STOCH value of 35.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0123.
Yuexiu Property Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$213.64B | 7.59 | 8.04% | 4.60% | -10.40% | -11.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$139.88B | 10.55 | 2.82% | 3.85% | 4.14% | -16.76% | |
46 Neutral | HK$41.49B | -121.03 | -0.14% | 3.33% | -41.83% | -102.04% | |
43 Neutral | HK$41.10B | -0.40 | -72.47% | 7.60% | -34.04% | -80.30% | |
42 Neutral | HK$12.61B | -8.65 | -2.23% | 5.31% | -20.78% | -318.43% | |
39 Underperform | HK$8.40B | 0.33 | -106.41% | 8.02% | -41.85% | ― |
* Real Estate Sector Average
HK:0123
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Yuexiu Property Co Corporate Events
Yuexiu Property Boosts Guangzhou Land Bank With RMB2.48 Billion Tianhe Purchase
Sep 4, 2026
Yuexiu Property has acquired two residential land parcels in Guangzhou’s Tianhe District, east of Daguan Road, for RMB2.48 billion via open tender, adding approximately 82,044 sq.m. of site area and 110,000 sq.m. of planned gross floor area ...
Yuexiu Property Posts Mixed Sales Trends and Halts Land Acquisition in August 2026
Sep 4, 2026
Yuexiu Property reported unaudited contracted sales of approximately RMB5.6 billion in August 2026, a 1.7% year-on-year increase in value despite a slight 0.6% decline in gross floor area to about 168,300 square metres. For January to August 2026,...
Yuexiu Property boosts Hangzhou residential project with RMB900 million capital injection
Sep 1, 2026
Yuexiu Property’s indirect subsidiary Hangzhou Yile has agreed a major capital injection into a project vehicle to develop a residential land parcel in Hangzhou, boosting the Target Company’s registered capital from RMB50 million to RM...
Yuexiu Property Profit Slumps but Sales, Balance Sheet Stay Resilient in H1 2026
Aug 28, 2026
Yuexiu Property Co reported a sharp year-on-year downturn for the first half of 2026, with revenue falling 23.0% to RMB36.65 billion and gross margin sliding to 6.2%. Profit attributable to equity holders dropped 93.6% to RMB0.09 billion, while co...
Yuexiu Property Declares Interim Cash Dividend for First Half of 2026
Aug 28, 2026
Yuexiu Property Company Limited has announced an interim ordinary cash dividend of HKD 0.009 per share for the half-year period ended 30 June 2026, for the financial year ending 31 December 2026. The ex-dividend date is set for 12 October 2026, wi...
Yuexiu Property Strengthens Governance With Updated Nomination Committee Mandate
Aug 28, 2026
Yuexiu Property Co. has formalized updated terms of reference for its Nomination Committee, specifying that it will comprise at least three members, mostly independent non-executive directors, with mandatory gender diversity among its members. The...
Yuexiu Property Sets Board Meeting to Approve Interim Results and Dividend
Aug 18, 2026
Yuexiu Property Company Limited has scheduled a board meeting for 28 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend, a decision that coul...
Yuexiu Property Posts Lower Sales but Expands Land Bank in Guangzhou
Aug 7, 2026
Yuexiu Property reported unaudited contracted sales of about RMB5.1 billion in July 2026, down 15% year on year, with gross floor area sold declining 6.9% to 162,200 square meters. For January to July 2026, aggregate contracted sales fell 17.6% to...
Yuexiu Property Subsidiary Plans AAA-Rated RMB2 Billion Bond Tranche in China
Jul 27, 2026
Yuexiu Property’s 95%-owned subsidiary Guangzhou City Construction Development Company Limited plans to issue a third tranche of 2026 guaranteed corporate bonds on the Shanghai Stock Exchange, with a maximum size of RMB2 billion targeted at...
Yuexiu Property Subsidiary Gains AAA Rating Ahead of Further Bond Issuance
Jul 22, 2026
Yuexiu Property announced that its key mainland subsidiary, Guangzhou City Construction Development Company Limited, has received a AAA domestic credit rating from China Chengxin International Credit Rating, underscoring strong financial standing...
Yuexiu Property Buys Prime Baiyun District Land to Bolster Guangzhou Presence
Jul 20, 2026
Yuexiu Property Company Limited has, through its 95.475%-owned subsidiary Guangzhou Yuexiu Huacheng Real Estate Development Co., Ltd., acquired two land parcels in Baiyun District, Guangzhou, for RMB1.012 billion via open tender. The site, totalin...
Yuexiu Property Flags 90% Profit Slump but Stresses Strong Liquidity and Top-Tier Sales
Jul 17, 2026
Yuexiu Property has warned that profit attributable to equity holders and core net profit for the first half of 2026 are expected to plunge around 90% to 95% year on year to roughly RMB50 million to RMB100 million. The decline stems from cyclical ...
Yuexiu Property Secures CNH1 Billion Revolving Loan Tied to Controlling Shareholder’s Stake
Jul 14, 2026
Yuexiu Property Company Limited has secured a new revolving loan facility of up to CNH1 billion, or its equivalent in Hong Kong dollars, from a bank for a term of 364 days after the first drawdown date. The financing arrangement is subject to stan...
Yuexiu Property Expands Residential Portfolio via Connected Acquisition in Hangzhou
Jul 7, 2026
Yuexiu Property Co. announced that its indirect non‑wholly owned subsidiary Hangzhou Yile has entered into a cooperation agreement to acquire effective interests in a project company that holds a land parcel designated for residential develo...
Yuexiu Property Secures CNH200 Million Revolving Loan Tied to Shareholding Stability
Jul 7, 2026
Yuexiu Property Company Limited has entered into a new revolving loan facility agreement with a bank, securing up to CNH200 million, or the equivalent in Hong Kong or U.S. dollars, for a term of 364 days from the first drawdown. The facility is su...
Yuexiu Property Boosts June Sales and Expands Guangzhou Land Bank
Jul 6, 2026
Yuexiu Property reported that its contracted sales in June 2026 rose to about RMB13.5 billion, up 24.9% year-on-year, with gross floor area sales surging 67.0% to roughly 489,200 square metres. However, aggregate contracted sales for the first hal...
Yuexiu Property Acquires Prime Guangzhou Residential Site for RMB1.375 Billion
Jul 2, 2026
Yuexiu Property Company Limited has expanded its land bank in Guangzhou by winning an open tender for a residential land parcel in the Pazhou Middle and East Zone of Haizhu District. The site, acquired through its 95.475%-owned subsidiary Guangzho...
Yuexiu Property Secures HK$550 Million Revolving Loan Tied to Controlling Shareholder’s Stake
Jun 25, 2026
Yuexiu Property Company Limited has entered into a new revolving loan facility agreement with a bank, securing up to HK$550 million, or its equivalent in CNH, for a term of 364 days. The facility is expected to support the company’s short-te...
Yuexiu Property Signs FX Forward with Controlling Shareholder to Hedge USD Debt
Jun 22, 2026
Yuexiu Property Co has entered into a foreign exchange forward contract with its controlling shareholder Yuexiu Enterprises (Holdings) Limited to purchase US$60 million using renminbi at a pre-agreed rate of RMB6.0287 per US$1.00, with settlement ...
Yuexiu Property Shareholders Approve Major Asset Disposal Package
Jun 15, 2026
Shareholders of Yuexiu Property Company Limited have overwhelmingly approved a series of asset transfer agreements at an extraordinary general meeting held on 15 June 2026. The poll, independently scrutinized by the company’s share registrar...
Yuexiu Property Wins Strong Shareholder Backing at 2026 AGM
Jun 15, 2026
Yuexiu Property Company Limited reported that all resolutions at its 2026 annual general meeting, held on 15 June 2026, were approved by shareholders via poll with strong majorities. The meeting adopted the 2025 audited financial statements, re-el...
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.