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E-House (China) Enterprise Holdings Limited
(2048)
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Rating:45Neutral
Price Target:
HK$0.08
▲(12.86% Upside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by very weak financial performance (persistent losses, negative operating/free cash flow, and a structurally risky balance sheet with negative equity and meaningful debt). Technicals provide some support via strong recent momentum (price above key moving averages and positive MACD), but elevated RSI and very high beta increase risk. Valuation offers limited support due to negative earnings and no dividend yield data.
Positive Factors
Diversified service model
A fee-and-commission model across new-home agency, brokerage, and information or consulting services gives the company several established ways to monetize real-estate activity. That service breadth can support revenue diversification over the next several months, although the pack does not quantify segment mix.
Negative Factors
Sharp revenue contraction
The sustained revenue decline indicates that the company has not yet restored demand or transaction volume across its real estate services. A shrinking top line can reduce operating leverage, weaken the ability to absorb fixed costs, and constrain investment in recovery over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified service model
A fee-and-commission model across new-home agency, brokerage, and information or consulting services gives the company several established ways to monetize real-estate activity. That service breadth can support revenue diversification over the next several months, although the pack does not quantify segment mix.
Read all positive factors
E-House (China) Enterprise Holdings Limited (2048) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$138.18M
Dividend Yield0.88%
Average Volume (3M)47.11M
Price to Earnings (P/E)―
Beta (1Y)2.94
Revenue Growth-42.63%
EPS Growth74.85%
CountryHK
Employees1,427
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.62
Shares Outstanding1,749,059,600
10 Day Avg. Volume124,295,320
30 Day Avg. Volume47,113,006
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.01
Price to Sales (P/S)0.05
P/FCF Ratio-0.52
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)N/A
Revenue Forecast (FY)N/A
E-House (China) Enterprise Holdings Limited Business Overview & Revenue Model
Company Description
E-House (China) Enterprise Holdings Limited operates as an investment holding company, specializing in providing extensive real estate transaction services throughout the People's Republic of China and Vietnam. The firm's comprehensive offerings i...
How the Company Makes Money
E-House (China) Enterprise Holdings Limited makes money primarily by charging fees and commissions for real estate-related services. Key revenue streams have historically included: (1) Primary (new-home) agency services: the company earns commissi...
E-House (China) Enterprise Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.47B | 2.38B | 3.80B | 4.45B | 5.03B | 8.87B |
| Gross Profit | 3.47B | 2.38B | 3.80B | 4.45B | 5.03B | 8.87B |
| EBITDA | -128.60M | -26.42M | -335.02M | -814.10M | -2.66B | -6.52B |
| Net Income | -1.07B | -611.93M | -1.27B | -1.24B | -3.90B | -11.64B |
Balance Sheet | ||||||
| Total Assets | 1.66B | 1.46B | 2.10B | 4.08B | 5.85B | 12.13B |
| Cash, Cash Equivalents and Short-Term Investments | 220.59M | 222.52M | 367.66M | 689.40M | 1.33B | 3.53B |
| Total Debt | 5.51B | 5.36B | 5.64B | 6.09B | 6.14B | 7.16B |
| Total Liabilities | 9.96B | 10.04B | 10.09B | 10.65B | 10.88B | 12.14B |
| Stockholders Equity | -8.12B | -8.43B | -7.82B | -6.55B | -5.22B | -1.16B |
Cash Flow | ||||||
| Free Cash Flow | -38.10M | -218.93M | -217.11M | -445.01M | -1.12B | -2.74B |
| Operating Cash Flow | -87.09M | -194.56M | -205.19M | -432.75M | -1.09B | -2.37B |
| Investing Cash Flow | 397.09M | 114.83M | 379.90M | 33.00M | 715.51M | 299.33M |
| Financing Cash Flow | -301.49M | -105.62M | -493.87M | -208.99M | -1.75B | -2.06B |
E-House (China) Enterprise Holdings Limited Technical Analysis
Positive
0.07
Price Trends
0.03
Positive
0.04
Positive
0.05
Positive
Market Momentum
0.02
Negative
62.09
Neutral
62.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2048, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 62.09 is Neutral, neither overbought nor oversold. The STOCH value of 62.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2048.
E-House (China) Enterprise Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.83B | 8.59 | 19.11% | 5.51% | 24.03% | 12.10% | |
69 Neutral | HK$156.22B | 26.77 | 6.99% | 1.60% | -10.92% | 31.27% | |
67 Neutral | HK$1.36B | 2.36 | 36.57% | 3.17% | 23.97% | 85.96% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | HK$863.86M | -64.16 | -0.13% | 0.51% | 4.99% | 96.45% | |
56 Neutral | HK$2.36B | 28.40 | 0.70% | 7.36% | -2.93% | ― | |
45 Neutral | HK$138.18M | -0.20 | 7.40% | 0.88% | -42.63% | 74.85% |
* Real Estate Sector Average
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E-House (China) Enterprise Holdings Limited Corporate Events
E-House China Seeks U.S. Court Recognition for Cross-Border Debt Restructuring
Sep 9, 2026
E-House (China) Enterprise Holdings Limited has initiated coordinated court processes in the Cayman Islands, Hong Kong and the United States to implement its debt restructuring plan through parallel schemes of arrangement. The company emphasizes t...
E-House Posts Interim Profit as It Restructures Debt and Pivots to AI Real Estate Solutions
Aug 31, 2026
China’s real estate market remained weak in the first half of 2026, with new residential sales area and investment falling year-on-year, prompting E-House to double down on cost control and cash management. The group reported a net profit of...
E-House (China) Updates Board Composition and Committee Roles
Aug 31, 2026
E-House (China) Enterprise Holdings Limited has updated its board composition effective 31 August 2026, confirming Zhou Xin as chairman and chief executive officer and Huang Canhao as vice chairman. The board includes a mix of executive, non-execu...
E-House Wins Strong Creditor Backing for Cross-Border Debt Restructuring Schemes
Aug 27, 2026
E-House (China) Enterprise Holdings Limited has secured overwhelming support from its scheme creditors for parallel restructuring schemes in Hong Kong and the Cayman Islands. At meetings held on 27 August 2026, 357 out of 374 participating credito...
E-House Tightens Governance After Listing Rules Lapse on Major Asset Disposal
Aug 27, 2026
E-House (China) Enterprise Holdings has issued a supplemental announcement outlining enhanced governance measures after previously failing to comply in a timely manner with Hong Kong Listing Rules on a major disposal of its Wanju Property. The com...
E-House Sets Late-August Board Meeting to Review Interim Results and Dividend
Aug 19, 2026
E-House (China) Enterprise Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026, along with their planned publication. The board will also c...
E-House (China) Advances Offshore Debt Restructuring to Address Going-Concern Risk
Jul 28, 2026
E-House (China) Enterprise Holdings has moved ahead with efforts to address going-concern issues flagged in its 2025 financial statements by progressing a restructuring of its offshore debt, including outstanding notes and a convertible note, thro...
E-House Clarifies Scheme Share Terms and Sets Cayman Creditor Meeting
Jul 21, 2026
E-House (China) Enterprise Holdings Limited has issued an announcement clarifying the aggregate consideration involved in its proposed dual schemes of arrangement for creditors in Cayman and Hong Kong. The company adjusted the total number of shar...
E-House Shareholders Back Capital Increase and Offshore Debt Restructuring Mandate
Jun 16, 2026
E-House (China) Enterprise Holdings Limited, a Cayman-incorporated and Hong Kong-listed real estate services group focused on the Chinese market, convened an extraordinary general meeting on 16 June 2026 with full board attendance either in person...
E-House (China) Wins Unanimous Shareholder Backing at 2026 AGM
Jun 16, 2026
Shareholders of E-House (China) Enterprise Holdings Limited unanimously approved all resolutions at the 16 June 2026 annual general meeting, including receipt of the 2025 audited financial statements and the re-election of five non-executive and i...
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.