China New Town Development Co Ltd
HKEX:1278
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.1), the stock would be worth HK$0.07 (9% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.2 | HK$0.08 |
0%
|
| 3-Year Average | 0.1 | HK$0.07 |
-9%
|
| 5-Year Average | 0.2 | HK$0.08 |
-2%
|
| Industry Average | 0.3 | HK$0.15 |
+81%
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| Country Average | 0.8 | HK$0.39 |
+370%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
|
China New Town Development Co Ltd
HKEX:1278
|
797.6m HKD | 0.2 | 9.5 | |
| HK |
|
China Resources Land Ltd
HKEX:1109
|
220.6B HKD | 0.7 | 7.8 | |
| VN |
V
|
Vinhomes JSC
VN:VHM
|
620.2T VND | 2.6 | 14.8 | |
| HK |
|
CK Asset Holdings Ltd
HKEX:1113
|
170.1B HKD | 0.4 | 15.7 | |
| HK |
|
Henderson Land Development Co Ltd
HKEX:12
|
147B HKD | 0.5 | 26.3 | |
| HK |
|
China Overseas Land & Investment Ltd
HKEX:688
|
134.2B HKD | 0.3 | 10.2 | |
| HK |
|
Sino Land Co Ltd
HKEX:83
|
118.8B HKD | 0.7 | 31.8 | |
| CN |
|
China Merchants Shekou Industrial Zone Holdings Co Ltd
SZSE:001979
|
78B CNY | 0.8 | 76.2 | |
| CN |
|
Poly Developments and Holdings Group Co Ltd
SSE:600048
|
72.2B CNY | 0.4 | -75 | |
| IN |
|
Macrotech Developers Ltd
NSE:LODHA
|
881.9B INR | 4 | 27.3 | |
| CN |
|
Longfor Group Holdings Ltd
HKEX:960
|
55.7B HKD | 0.3 | 48.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.5 |
| Median | 0.8 |
| 70th Percentile | 1.3 |
| Max | 2 018.4 |
Other Multiples
China New Town Development Co Ltd
Glance View
China New Town Development Co. Ltd. engages in planning and development of large-scale new towns. The company employs 93 full-time employees The company went IPO on 2007-11-14. The firm operates through two business segments. The Land Development segment is engaged in the development of land infrastructure and the construction of ancillary public facilities. The Others segment is engaged in the investment and property management business, as well as the provision of other services, including hotel services and real estate rental and conference services. The firm is also involved in the investment holding, sports management, real estate development, as well as the hospital investment and health consultation business through its subsidiaries.
