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Hui Xian Real Estate Investment Trust (87001) Fair Value & Analysis

Real Estate · HK · Market cap HK$2.5B

HX Hui Xian Real Estate Investment Trust 87001 · HK
PriceHK$0.3750
Fair ValueHK$0.5694
Upside+51.8%
Quality57/100
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Weak Growth
Loss-making · -32.2% net margin
Low debt · generates free cash flow
1.03% dividend yield
Mixed vs. peers (6/13)
Narrow moat 35/100
Evidence: High Range HK$0.3770 – HK$0.8620 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.5861 to HK$0.5694 (−2.8%) since Aug 6, 2026. Share price −1.3% over the past month.

A solid business, screening 52% undervalued on our models.

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What matters now

  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$0.3770 to HK$0.8620) leaves room in how you read the outcome.
  • 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$1.49 HK$0.3750 Fair Value HK$0.5694 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.3750 – HK$1.49 · fair‑value band HK$0.3770 – HK$0.8620 · the HK$0.3750 price screens below the HK$0.5694 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hui Xian Real Estate Investment Trust (87001) currently trades at HK$0.3750, while our model-based Fair Value estimate is HK$0.5694, implying the stock looks roughly 51.8% undervalued today. The Quality Score stands at 57/100 (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, Hui Xian Real Estate Investment Trust generated revenue of HK$2.3B at a net margin of -32.2%. Revenue declined 6.1% year over year. It earns a return on equity of -3.5%. Net debt stands at HK$2.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.3770 (bear case) to HK$0.8620 (bull case); at HK$0.3750, 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 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -23% fair-value upside, at 52%, 87001 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$1.04 HK$1.40 HK$2.00 80
Rev-Margin DCF HK$1.32 HK$2.05 HK$2.94 74
Gordon GGM HK$0.0200 HK$0.0200 HK$0.0300 70
All 13 models by family
DCF Models
FCF DCF HK$1.00 HK$1.37 HK$2.04 38
5Y Revenue Exit HK$1.32 HK$2.02 HK$3.06 39
5Y EBITDA Exit HK$2.56 HK$4.16 HK$6.31 41
10Y Revenue Exit HK$1.14 HK$1.67 HK$2.26 36
10Y EBITDA Exit HK$1.92 HK$2.99 HK$4.19 37
Dividend Discount
Gordon GGM HK$0.0200 HK$0.0200 HK$0.0300 70
DDM Multi-Stage HK$0.0200 HK$0.0300 HK$0.0400 61
Multiples
EV/EBIT HK$4.63 HK$6.19 HK$7.74 53
EV/EBITDA HK$4.19 HK$5.60 HK$7.01 54
EV/Revenue HK$1.66 HK$2.39 HK$3.12 43
Asset-Based
NCAV (Graham) HK$1.59 HK$2.13 HK$3.17 50
Growth DCF
Growth DCF HK$1.04 HK$1.40 HK$2.00 80
Rev-Margin DCF HK$1.32 HK$2.05 HK$2.94 74

Widest divergence: Multiples (HK$5.60) versus Dividend Discount (HK$0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$2.3B
Revenue growth (YoY) -6.1%
Net margin -32.2%
Return on equity -3.5%
Free cash flow HK$725M FY2025
Operating margin 31.9%
More key figures
EPS (TTM) HK$-0.0600
Dividend yield 1.0%
EPS growth (YoY) +2,009%
Net debt HK$2.3B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 33

Profitability 6
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 68
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

Hui Xian Real Estate Investment Trust (Hui Xian REIT) is a Hong Kong collective investment scheme. It is authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and its units were listed on The Stock Exchange of Hong Kong Limited (the HKSE) since 29 April 2011.

Full company description

Hui Xian Real Estate Investment Trust (Hui Xian REIT) is a Hong Kong collective investment scheme. It is authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and its units were listed on The Stock Exchange of Hong Kong Limited (the HKSE) since 29 April 2011. Hui Xian REIT is governed by the Deed of Trust constituting Hui Xian REIT dated 1 April 2011 as amended by five supplemental deeds dated 24 May 2013, 16 May 2014, 28 May 2015, 19 May 2017 and 14 May 2021 (the Trust Deed) made between Hui Xian Asset Management Limited (the Manager) and DB Trustees (Hong Kong) Limited (the Trustee), and the Code on Real Estate Investment Trusts (the REIT Code) issued by the Securities and Futures Commission (the SFC). The principal activities of Hui Xian REIT and its subsidiaries (the Group) are to own and invest in high quality commercial properties with the objective of producing stable and sustainable distributions to unitholders and to achieve long term growth in the net asset value per unit. The condensed consolidated financial statements are presented in Renminbi (RMB), which is also the functional currency of Hui Xian REIT. Hui Xian Real Estate Investment Trust was incorporated in April 1st, 2011 in Hong King.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hui Xian Real Estate Investment Trust reported revenue of HK$2.3B in FY2025 versus HK$2.6B in FY2021, a compound −3.0%/yr. Reported net income was −HK$729M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$2.3B
Latest YoY
−5.8%
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.
+0.9%
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.
−1.9%
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.
+0.3%
Revenue −3.0%/yr
FY21 HK$2.6B
FY22 HK$2.2B
FY23 HK$2.3B
FY24 HK$2.4B
FY25 HK$2.3B
Net income
FY21 −HK$219M
FY22 −HK$1.3B
FY23 −HK$562M
FY24 −HK$737M
FY25 −HK$729M

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Cite: Fair Value Calculator (2026). "Hui Xian Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/87001

Peer Group

REIT - Diversified · 169 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 59 · Above median
Fair Value upside +52% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -32% · Bottom 25%
Operating margin (TTM) 32% · Below median
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 1.0% · Bottom 25%
Debt / equity 0.14× · Lower than 75% of peers

Valuation Multiples vs REIT - Diversified median · lower = cheaper

P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 0.6× · Cheaper than 75% of peers
PEG 2.49× · Pricier than median

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 5
FUTURE 0 · sector 13
PAST 0 · sector 18
HEALTH 93 · sector 73
DIVIDEND 21 · sector 100

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 REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMG A$30.05 A$7.37 -75%
VICI Properties Inc VICI $26.07 $41.74 +60%
W. P. Carey Inc WPC $70.69 $34.80 -51%
Charter Hall Group CHC A$23.56 A$10.99 -53%
Stockland SGP A$4.27 A$3.70 -13%
Fibra Uno FUNO11 31.10 MXN 54.87 MXN +76%
The GPT Group GPT A$5.19 A$3.49 -33%
Mirvac Group MGR A$1.77 A$0.5700 -68%
KLCC Property Holdings 5235SS 8.70 MYR 6.66 MYR -23%
Fibra Danhos DANHOS13 28.26 MXN 49.89 MXN +77%

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Frequently asked questions

Is Hui Xian Real Estate Investment Trust (87001) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.5694 versus a price of HK$0.3750, about +52% (undervalued).
What is the fair value of 87001?
Our model-based fair value for Hui Xian Real Estate Investment Trust is HK$0.5694 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3750.
What is the quality score of 87001?
Hui Xian Real Estate Investment Trust has a Quality Score of 57/100. 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 Hui Xian Real Estate Investment Trust (87001)?
Hui Xian Real Estate Investment Trust reported trailing-twelve-month revenue of about HK$2.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 87001?
The net profit margin of Hui Xian Real Estate Investment Trust is about -32.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Hui Xian Real Estate Investment Trust pay a dividend?
Hui Xian Real Estate Investment Trust currently shows a dividend yield of about 1.03% relative to its recent price (as of Aug 13, 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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