Shui On Land Limited (SOLLF)
Sous-évaluéFondamental
31
Prix
$0.42
Capitalisation boursière
$3.68B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
Shui On Land develops and manages large-scale urban regeneration projects in mainland China, anchored by its Xintiandi and Lakeville brands in central Shanghai. The company builds residential, office and retail properties on redeveloped land, then either sells the residential units or keeps the commercial space to lease and manage long term. As of the end of 2025 its investment property portfolio was valued at RMB57.6 billion, spanning about 1,258,000 square metres of gross floor area.
Comment l'entreprise gagne de l'argent
Shui On Land earns money two ways: selling newly built apartments and offices under presale contracts, with revenue recognized when units are delivered to buyers, and collecting rent from tenants of the retail and office space it keeps and operates itself, mainly under the Xintiandi brand. In 2025 it recorded RMB7,916 million in contracted property sales — bookings for future delivery — and RMB3,625 million in rental and related income, up 2% from the prior year.
Ce qui stimule la demande
CycliqueProperty development in China has been cyclical and, more recently, in a prolonged downturn: nationwide sales volume and value fell 8.7% and 12.6% year-on-year during the period covered by Shui On Land's 2025 results, and the company describes industry-wide liquidity as likely to remain tight. Its rental income from completed, leased commercial space is comparatively steadier, growing even as development sales softened.
Les arguments en faveur
Buyers argue that Shui On Land's shift toward rental income and asset-light partnerships is cushioning it against the broader Chinese property downturn, that its Xintiandi commercial portfolio in central Shanghai commands premium rents, and that a RMB57.6 billion investment-property base provides a tangible asset backing for the shares.
Les arguments contre
Sellers fear that the company still depends on selling new residential units in a Chinese property market where nationwide volumes and prices keep falling, that it reported a net loss for 2025 driven by non-cash fair-value adjustments and impairments, and that tight sector-wide liquidity could pressure its ability to fund new projects.
Written by the editors, published on 18 août 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Bilan & Liquidités
Chiffre d'affaires
$3.73B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$-1.61B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$-553M
Capitaux propres totaux
$43.08B
Passif total
$36.43B
Ratio de liquidité général
1.72
Couverture des intérêts
-
Dette/EBITDA
34.17
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$0.73
Prix actuel
$0.42
Marge de sécurité
+41.8%
Fourchette de juste valeur
$0.69 - $0.77
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
-
ROE
-4.0%
Ratio P/B
0.09
P/FCF
-
Marge brute
51.3%
ROIC
1.6%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
1.6%
WACC
0.7%
ROIC − WACC
+0.9 pp
Le ROIC est à peu près aligné sur le coût du capital — l'entreprise couvre à peine son coût du capital.
Critères d'analyse fondamentale
Réussi (6)
- Gross Margin 51.3%
- P/B Ratio 0.09
- Debt/Equity ratio
- Operating Margin 15.9%
- Current Ratio
- Earnings Surprise avg 35.5%
Échoué (10)
- Price CAGR -12.43%
- ROIC 1.6%
- Positive Free Cash Flow
- Debt/EBITDA
- DCF valuation (Unknown)
- ROE -4.4%
- Revenue Growth 5Y -2.3%
- Analyst Consensus 0% Buy
- Earnings Quality (OCF/NI) -0.63
- Piotroski F-Score 0/9
Indisponible (11)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
- Net Margin Trend (invalid data)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité faible : examiner la comptabilité
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Aucune déclaration institutionnelle pour cette entreprise.
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Dr. Hong Sui Lo GBS, J.P. | Executive Chairman | 77 |
| Ms. Jessica Ying Wang | CEO & Executive Director | 51 |
| Ms. B. Y. Lo | Executive Vice Chairman | 43 |
| Mr. He Hau Sung | CFO, Chief Investment Officer & Executive Director | 58 |
| Mr. Kim Lun Uy LL.B, P.C. L.L | Director of Legal Affairs & Company Secretary | 62 |
| Mr. K. M. Lee | Director of Human Resources | 68 |
| Mr. Pit Kwong Wong | Chief Economist & Director of Development Research | 69 |
| Mr. Kain Bon Chan | Chief Sustainability Officer and Director of Planning & Development. | 51 |
| Mr. Allan B. Zhang | Chief Executive Officer of Shui On Xintiandi Limited | 46 |
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for SOLLF, sourced from Markets Gazette.