Shui On Land Limited, an investment holding company, develops and sells properties in the People's Republic of China. It operates through four segments: Property Development, Property Investment, Property Management, and Construction.
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The company develops and sells residential and commercial properties; and leases offices and commercial/mall properties.
It also provides property management services; construction, interior fitting-out, renovation, and maintenance services for building premises; debt financing and management services; and asset management.
Shui On Land Limited was incorporated in 2004 and is headquartered in Shanghai, the People's Republic of China.
Quality Score breakdown
Overall quality47/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability4
How much profit the company makes from its sales and capital
Quality Growth11
Are margins and returns getting better?
Cashflow63
Do the profits arrive as real cash?
Financial strength36
Debt, balance sheet and risk of trouble
Investment100
Does it invest with discipline instead of growing at any price?
Low Volatility59
How calm the share price moves, does not count
Price momentum7
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
25.5% (2020) → 28.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+42.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +40.0% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 490 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Profitability
Return on assets−2.2% · Bottom 25%
Net margin (12 months)−43.2% · Bottom 25%
Operating margin (12 months)43.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−17.5% · Below median
Dividend yield (12 months)10.1% · Top 25%
Balance sheet
Debt / equity0.73× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
Shui On Land Ltd has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Shui On Land Ltd (0272)?
Shui On Land Ltd reported trailing-twelve-month revenue of about 3.7B CNY (latest available figure, as of Nov 1, 2026).
Does Shui On Land Ltd pay a dividend?
Shui On Land Ltd currently shows a dividend yield of 10.13% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Shui On Land Ltd (0272)?
For today's price to be fair in a discounted-cash-flow model, Shui On Land Ltd would have to grow free cash flow by +42.3 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.3 % per year. As of Nov 1, 2026.
How much growth has Shui On Land Ltd (0272) delivered so far?
Over the past 5 years revenue at Shui On Land Ltd grew -2.3 % a year. The price currently implies +42.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shui On Land Ltd (0272) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Shui On Land Ltd (+42.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shui On Land Ltd (0272)?
The free-cash-flow yield on the price is 12.23 %: that much free cash flow Shui On Land Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the PEG ratio of 0272?
The PEG ratio of Shui On Land Ltd is 1.87 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shui On Land Ltd (0272)?
Balance-sheet figures for Shui On Land Ltd (as of Nov 1, 2026): return on equity −4.0%, debt of 0.73 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
Which stocks are comparable to Shui On Land Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of Shui On Land Ltd (0272)?
The closing price on Oct 30, 2026 was HK$0.3900. We carry closing prices from our data provider, not a live tick.
Key figures of Shui On Land Ltd
How large is the market capitalisation of Shui On Land Ltd (0272)?
The market capitalisation of Shui On Land Ltd is HK$3.1B (≈ $398M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shui On Land Ltd (0272)?
The price-to-sales ratio of Shui On Land Ltd is 0.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Shui On Land Ltd (0272)?
The dividend yield of Shui On Land Ltd is 10.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shui On Land Ltd (0272)?
The net margin of Shui On Land Ltd is −43.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shui On Land Ltd (0272)?
The return on equity (ROE) of Shui On Land Ltd is −4.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shui On Land Ltd (0272)?
On an EBIT basis the return on assets of Shui On Land Ltd is 4.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shui On Land Ltd (0272)?
The operating margin of Shui On Land Ltd is 43.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shui On Land Ltd (0272)?
Revenue at Shui On Land Ltd is growing −17.5% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shui On Land Ltd (0272)?
Earnings per share at Shui On Land Ltd are growing +337% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shui On Land Ltd (0272) carry?
The net debt of Shui On Land Ltd is 28.0B CNY (fiscal year 2025, ≈ 73.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 1, 2026