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Shimao Services Holdings (0873) Fair Value & Analysis

Real Estate · HK · Market cap HK$1.1B

SS Shimao Services Holdings 0873 · HK
PriceHK$0.4350
Fair ValueHK$1.13
Upside+159.8%
Quality55/100
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Mixed Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Narrow moat 17/100
Evidence: High Range HK$0.8000 – HK$1.34 Share as image

Fair value as of: Aug 15, 2026

From 24 valuation models · updated yesterday

Share price +2.4% over the past month.

A solid business, screening 160% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.8000). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$26.95 HK$0.4150 Fair Value HK$1.13 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range HK$0.4150 – HK$26.95 · fair‑value band HK$0.8000 – HK$1.34 · the HK$0.4350 price screens below the HK$1.13 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Shimao Services Holdings (0873) currently trades at HK$0.4350, while our model-based Fair Value estimate is HK$1.13, implying the stock looks roughly 159.8% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Shimao Services Holdings generated revenue of HK$7.9B at a net margin of 1.3%. Revenue grew 10.3% year over year. It earns a return on equity of 1.7%. The balance sheet holds a net cash position of HK$1.6B. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$0.8000 (bear case) to HK$1.34 (bull case); at HK$0.4350, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 160%, 0873 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF HK$3.92 HK$5.96 HK$8.93 80
Residual Income HK$2.03 HK$1.85 HK$1.27 76
Rev-Margin DCF HK$2.24 HK$2.92 HK$3.82 74
All 24 models by family
DCF Models
FCF DCF HK$3.99 HK$6.34 HK$10.01 38
Owner Earnings HK$1.09 HK$1.40 HK$1.89 31
5Y Revenue Exit HK$2.24 HK$2.88 HK$3.66 39
5Y EBITDA Exit HK$2.85 HK$4.16 HK$5.76 41
5Y P/E Exit HK$2.27 HK$2.94 HK$3.66 38
10Y Revenue Exit HK$2.86 HK$3.67 HK$4.77 36
10Y EBITDA Exit HK$3.25 HK$4.54 HK$6.40 37
10Y P/E Exit HK$2.89 HK$3.71 HK$4.77 35
Earnings-Based
Graham-Dodd HK$0.2800 HK$1.39 HK$1.91 54
Lynch FV HK$0.3700 HK$0.5300 HK$0.6900 50
PEG = 1.0 HK$0.3700 HK$0.5300 HK$0.6900 46
EPV HK$1.01 HK$1.05 HK$1.10 59
Multiples
P/E Multiple HK$0.6900 HK$0.9200 HK$1.15 63
P/S Multiple HK$0.5300 HK$0.7100 HK$0.8900 58
P/B Multiple HK$0.5300 HK$0.7100 HK$0.8900 55
EV/EBIT HK$1.53 HK$1.82 HK$2.12 53
EV/EBITDA HK$2.34 HK$2.91 HK$3.47 54
EV/Revenue HK$1.24 HK$1.50 HK$1.75 43
Asset-Based
NCAV (Graham) HK$1.57 HK$2.10 HK$3.14 50
Growth DCF
Growth DCF HK$3.92 HK$5.96 HK$8.93 80
Rev-Margin DCF HK$2.24 HK$2.92 HK$3.82 74
Economic Profit
Residual Income HK$2.03 HK$1.85 HK$1.27 76
ROIC Compounder HK$1.01 HK$1.05 HK$1.10 72
Growth Earnings
Growth-Adj P/E HK$0.5900 HK$0.8400 HK$1.10 68

Widest divergence: DCF Models (HK$3.67) versus Earnings-Based (HK$0.5300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$7.9B
Revenue growth (YoY) +10.3%
Net margin 1.3%
Return on equity 1.7%
Free cash flow HK$764M FY2025
P/E ratio 8.6 as of Jul 2, 2026
More key figures
Operating margin 1.5%
EPS growth (YoY) -95.9%
Net cash HK$1.6B FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 58 · Market factors (momentum, volatility) 12

Profitability 24
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Shimao Services Holdings Limited provides property management services in the People's Republic of China. It operates through two segments, Property Management Services and City Services. The company offers security, cleaning, greening, gardening, repair, and maintenance services.

Full company description

Shimao Services Holdings Limited provides property management services in the People's Republic of China. It operates through two segments, Property Management Services and City Services. The company offers security, cleaning, greening, gardening, repair, and maintenance services. It also provides community asset management services, including the leasing of common spaces and public facilities; agency services; home decoration services, such as supply chain services for decoration materials, and marketing and promotion services; car park sales agency, car park sales, and public parking area rental services; smart community solutions; software maintenance services; technical solutions; catering, accommodation, and business trading services; new retail services of selling commodities through online and offline communities; elderly care-related services; display units and property sales venue management, preliminary planning, design consultancy, repair, and maintenance management services; and sewage and waste treatment services. In addition, the company carries out data analytics and mobile app mini-program development; and construction and engineering work, including electrical and electronic work, interior decoration, landscaping, and other civil work, as well as sells intelligent hardware devices and software. Further, it is involved in real estate agencies; wholesale and retail trading; technology services; business services; construction decoration; education; hotel management; urban and rural environmental sanitation integrated services; elderly support and consultancy services; house and city infrastructure construction; electricity infrastructure construction and inner renovation; city park and public infrastructure management; and corporate management services. The company was founded in 2005 and is headquartered in Shanghai, the People's Republic of China. Shimao Services Holdings Limited operates as a subsidiary of Best Cosmos Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shimao Services Holdings reported revenue of HK$7.9B in FY2025 versus HK$8.3B in FY2021, a compound −1.4%/yr. Reported net income was HK$103M in FY2025, compounding −44.8%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$7.9B
Latest YoY
−0.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.4%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.6%
Revenue −1.4%/yr
FY21 HK$8.3B
FY22 HK$8.6B
FY23 HK$8.2B
FY24 HK$7.9B
FY25 HK$7.9B
Net income −44.8%/yr
FY21 HK$1.1B
FY22 −HK$927M
FY23 HK$273M
FY24 −HK$272M
FY25 HK$103M

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Cite: Fair Value Calculator (2026). "Shimao Services Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0873

Peer Group

Real Estate Services · 528 stocks

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.

Quality Score 57 · Above median
Fair Value upside +160% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Bottom 25%
Revenue growth 10% · Above median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 8.6× · Cheaper than median
P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 34
FUTURE 52 · sector 10
PAST 7 · sector 16
HEALTH 100 · sector 85
DIVIDEND 0 · sector 59

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is Shimao Services Holdings (0873) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$1.13 versus a price of HK$0.4350, about +160% (undervalued).
What is the fair value of 0873?
Our model-based fair value for Shimao Services Holdings is HK$1.13 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$0.4350.
What is the quality score of 0873?
Shimao Services Holdings has a Quality Score of 55/100. 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 Shimao Services Holdings (0873)?
Shimao Services Holdings reported trailing-twelve-month revenue of about HK$7.9B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 0873?
The net profit margin of Shimao Services Holdings is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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