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Sino-Ocean Service Holding (6677) Fair Value & Analysis

Real Estate · HK · Market cap HK$379M

SO Sino-Ocean Service Holding 6677 · HK
PriceHK$0.3150
Fair ValueHK$0.2700
Upside-14.3%
Quality42/100
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Expensive Growth
Loss-making · -50.3% net margin
Low debt · negative free cash flow
3.38% dividend yield
Trails peers (4/11)
Narrow moat 9/100
Evidence: Low Range HK$0.2200 – HK$0.3100 Share as image

Fair value as of: Aug 6, 2026

From 3 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from HK$0.2800 to HK$0.2700 (−3.6%) since Jul 2, 2026. Share price −8.7% over the past month.

Below-average quality, and screening another 14% overvalued on our models.

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • 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$5.02 HK$0.3000 Fair Value HK$0.2700 Dec 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range HK$0.3000 – HK$5.02 · fair‑value band HK$0.2200 – HK$0.3100 · the HK$0.3150 price screens above the HK$0.2700 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Sino-Ocean Service Holding (6677) currently trades at HK$0.3150, while our model-based Fair Value estimate is HK$0.2700, implying the stock looks roughly 14.3% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Sino-Ocean Service Holding generated revenue of HK$2.7B at a net margin of -50.3%. Revenue declined 4.7% year over year. It earns a return on equity of -96.0%. The balance sheet holds a net cash position of HK$707M. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$0.2200 (bear case) to HK$0.3100 (bull case); at HK$0.3150, the current price sits above 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 53% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -14%, 6677 screens richer 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
Gordon GGM HK$0.2100 HK$0.2600 HK$0.3100 70
DDM Multi-Stage HK$0.2100 HK$0.2700 HK$0.3400 61
NCAV (Graham) HK$0.3100 HK$0.4100 HK$0.6100 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.2100 HK$0.2600 HK$0.3100 70
DDM Multi-Stage HK$0.2100 HK$0.2700 HK$0.3400 61
Asset-Based
NCAV (Graham) HK$0.3100 HK$0.4100 HK$0.6100 50

Widest divergence: Asset-Based (HK$0.4100) versus Dividend Discount (HK$0.2600). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$2.7B
Revenue growth (YoY) -4.7%
Net margin -50.3%
Return on equity -96.0%
Free cash flow −HK$55.3M FY2025
Operating margin -49.4%
More key figures
EPS (TTM) HK$-0.2600
Dividend yield 3.4%
EPS growth (YoY) -53.9%
Net cash HK$707M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 18

Profitability 18
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sino-Ocean Service Holding Limited, an investment holding company, engages in the provision of property management and value-added services in the People's Republic of China. It operates through three segments: Property Management and Commercial Operational Services, Community Value-Added Services; and Value-Added Services to Non-Property Owners.

Full company description

Sino-Ocean Service Holding Limited, an investment holding company, engages in the provision of property management and value-added services in the People's Republic of China. It operates through three segments: Property Management and Commercial Operational Services, Community Value-Added Services; and Value-Added Services to Non-Property Owners. The company provides property management services comprising security, cleaning, greening, gardening, and repair and maintenance services for residential properties; and non-commercial properties, such as hospitals, public service facilities, government buildings, and schools. It also offers pre-delivery services to property developers; consultancy services to assist with the overall planning and management of pre-sale activities; property engineering services; carpark and energy management, and community space operation services; and community living services, such as home appliances maintenance and repair services, retail sale of commodities, home decoration services, housekeeping, and other bespoke services, as well as property engineering services. It is involved in the information technology, and leasing and commercial activities. The company was founded in 1997 and is headquartered in Beijing, the People's Republic of China. Sino-Ocean Service Holding Limited operates as a subsidiary of Shine Wind Development Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sino-Ocean Service Holding reported revenue of HK$2.7B in FY2025 versus HK$3.0B in FY2021, a compound −2.1%/yr. Reported net income was −HK$1.4B in FY2025.

Growth Quality 19/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$2.7B
Latest YoY
−4.1%
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.
−6.5%
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.
+6.1%
Avg. growth/yr (8Y) 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.
+10.6%
Revenue −2.1%/yr
FY21 HK$3.0B
FY22 HK$3.3B
FY23 HK$3.1B
FY24 HK$2.8B
FY25 HK$2.7B
Net income
FY21 HK$439M
FY22 HK$75.7M
FY23 HK$42.1M
FY24 HK$28.9M
FY25 −HK$1.4B

6677 screens 14% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Sino-Ocean Service Holding Fair Value". https://www.fairvalue-calculator.com/stock/6677

Peer Group

Real Estate Services · 520 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 45 · Below median
Fair Value upside −14% · Below median
Return on assets -15% · Bottom 25%
Net margin (TTM) -50% · Bottom 25%
Operating margin (TTM) -49% · Bottom 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 3.4% · Above median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.02× · 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 14 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 100 · sector 85
DIVIDEND 68 · sector 49

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 6, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Sino-Ocean Service Holding (6677) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$0.2700 versus a price of HK$0.3150, about −14% (overvalued).
What is the fair value of 6677?
Our model-based fair value for Sino-Ocean Service Holding is HK$0.2700 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$0.3150.
What is the quality score of 6677?
Sino-Ocean Service Holding has a Quality Score of 42/100. 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 Sino-Ocean Service Holding (6677)?
Sino-Ocean Service Holding reported trailing-twelve-month revenue of about HK$2.7B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 6677?
The net profit margin of Sino-Ocean Service Holding is about -50.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Sino-Ocean Service Holding pay a dividend?
Sino-Ocean Service Holding currently shows a dividend yield of about 3.38% relative to its recent price (as of Aug 6, 2026).

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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