Spring Real Estate Investment Trust
HKEX:1426
Intrinsic Value
Spring Real Estate Investment Trust operates as a real estate investment trust. [ Read More ]
The intrinsic value of one
Spring Real Estate Investment Trust
stock under the Base Case scenario is
7.7
HKD.
Compared to the current market price of 1.81 HKD,
Spring Real Estate Investment Trust
is
Undervalued by 76%.
Spring Real Estate Investment Trust could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Spring Real Estate Investment Trust's market capitalization is 2.6B HKD.
Spring Real Estate Investment Trust stock price is 1.81 HKD.
Spring Real Estate Investment Trust stock price (1.81 HKD) is 76% less than its Intrinsic Value (7.7 HKD).
Spring Real Estate Investment Trust stock price (1.81 HKD) is 83% less than its DCF Value (10.7 HKD). Open DCF Valuation
Spring Real Estate Investment Trust stock price (1.81 HKD) is 61% less than its Relative Value (4.7 HKD). Open Relative Valuation
Spring Real Estate Investment Trust has downside potential of 71% compared to the average analyst price target.
Open Wall St Estimates
Spring Real Estate Investment Trust's ROE (Return on Equity) has increased in the last 3 years from -3% to -1%, and is approaching profitability.
Spring Real Estate Investment Trust's Revenue has grown by an exceptional 25% over the past 12 months.
Spring Real Estate Investment Trust's Revenue has been growing by 10% per year for the last 3 years.
Spring Real Estate Investment Trust's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 22%.
Spring Real Estate Investment Trust's ROE (Return on Equity) for the past 12 months is negative and is equal to -1%.
Spring Real Estate Investment Trust has positive three-year average ROIC (Return on Invested Capital): 5%. The company is efficient at using invested capital to generate operating income.
Spring Real Estate Investment Trust's D/E (Debt to Equity) is very low and is equal to 0.83.
Spring Real Estate Investment Trust has negative Net Income for the last twelve months.
Spring Real Estate Investment Trust's short-term assets (731m CNY) exceed its short-term liabilties (467m CNY).
Spring Real Estate Investment Trust has a very low three-year average ROE (Return on Equity): 2%. The company is not efficient at transforming stockholders' equity into net income.
Spring Real Estate Investment Trust's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from 3% to 22%.
Spring Real Estate Investment Trust's long-term assets (13B CNY) exceed its long-term liabilties (7B CNY).
Spring Real Estate Investment Trust has positive Operating Income for the last twelve months.
Spring Real Estate Investment Trust has positive Gross Profit for the last twelve months.
Spring Real Estate Investment Trust has positive Free Cash Flow for the last twelve months.
Spring Real Estate Investment Trust has positive Net Debt. This means that the company has more debt (5B CNY) than cash and short-term investments (223m CNY).
Spring Real Estate Investment Trust's Altman Z-Score is very low and is equal to 0.47.
Spring Real Estate Investment Trust generates enough operating income (449m CNY) to cover interest payments on its debt (170m CNY).
Valuation Backtest
Spring Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
Spring Real Estate Investment Trust
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Spring Real Estate Investment Trust
Balance Sheet Decomposition
Spring Real Estate Investment Trust
| Current Assets | 730.7m |
| Cash & Short-Term Investments | 222.9m |
| Receivables | 88.1m |
| Other Current Assets | 419.7m |
| Non-Current Assets | 12.1B |
| Long-Term Investments | 12B |
| PP&E | 15.5m |
| Current Liabilities | 466.5m |
| Accounts Payable | 215.1m |
| Other Current Liabilities | 251.4m |
| Non-Current Liabilities | 6.2B |
| Long-Term Debt | 5.1B |
| Other Non-Current Liabilities | 1.1B |
Earnings Waterfall
Spring Real Estate Investment Trust
|
Revenue
|
705.4m
CNY
|
|
Cost of Revenue
|
-189.2m
CNY
|
|
Gross Profit
|
516.2m
CNY
|
|
Operating Expenses
|
-67.1m
CNY
|
|
Operating Income
|
449.1m
CNY
|
|
Other Expenses
|
-526.7m
CNY
|
|
Net Income
|
-77.5m
CNY
|
Free Cash Flow Analysis
Spring Real Estate Investment Trust
What is Free Cash Flow?
Profitability Score
Profitability Due Diligence
Spring Real Estate Investment Trust's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Score
Spring Real Estate Investment Trust's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Spring Real Estate Investment Trust's solvency score is 31/100. The higher the solvency score, the more solvent the company is.
Score
Spring Real Estate Investment Trust's solvency score is 31/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Spring Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
Spring Real Estate Investment Trust
is 0.52 HKD
.
Shareholder Return
Price
Spring Real Estate Investment Trust
| Average Annual Return | -2.29% |
| Standard Deviation of Annual Returns | 5.83% |
| Max Drawdown | -40% |
| Market Capitalization | 2.6B HKD |
| Shares Outstanding | 1 444 640 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Spring Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
Spring Real Estate Investment Trust operates as a real estate investment trust. Its investment objective is to provide unitholders with stable distributions and the potential for sustainable long-term growth in distributions and enhancement in the value of the real estate assets. Its portfolio includes all of the office floors of Office Tower 1 and Office Tower 2 in China Central Place, as well as approximately 600 car parking spaces in the underground levels of the two office buildings. Spring REIT is managed by Spring Asset Management Limited.
Contact
IPO
Employees
Officers
The intrinsic value of one
Spring Real Estate Investment Trust
stock under the Base Case scenario is
7.7
HKD.
Compared to the current market price of 1.81 HKD,
Spring Real Estate Investment Trust
is
Undervalued by 76%.
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