Shui On Land Limited (SOLLF)
NEUTRALFundamental
48
Kurs
$0.41
Marktkapitalisierung
$3.24B
Teil 1 · Was das Unternehmen wert ist
Übersicht
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.
Wie das Geld verdient wird
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.
Was die Nachfrage antreibt
ZyklischProperty 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.
Die Argumente dafür
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.
Die Argumente dagegen
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. August 2026
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Bilanz & Liquidität
Umsatz
$4.09B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Nettogewinn
$-1.78B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Freier Cashflow
$7.52B
Gesamtes Eigenkapital
$42.45B
Gesamtverbindlichkeiten
$33.56B
Current Ratio
1.10
Zinsdeckungsgrad
-
Schulden/EBITDA
26.68
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$11.28
Aktueller Kurs
$0.41
Sicherheitsmarge
+96.4%
Innerer-Wert-Spanne
$7.33 - $15.22
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
-
ROE
-4.3%
P/B-Verhältnis
0.09
P/FCF
0.43
Bruttomarge
51.7%
ROIC
0.5%
Rentabilitäts-Radar
Value Creation (Economic Moat)
ROIC
0.5%
WACC
0.8%
ROIC − WACC
-0.3 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamentalanalyse-Kriterien
Bestanden (9)
- Gross Margin 51.7%
- P/FCF 0.43
- P/B Ratio 0.09
- Debt/Equity ratio
- Operating Margin 10.1%
- Positive Free Cash Flow
- Current Ratio
- DCF valuation (Undervalued)
- Earnings Surprise avg 35.5%
Nicht bestanden (9)
- Price CAGR -12.53%
- ROIC 0.5%
- CapEx intensity
- Debt/EBITDA
- ROE -4.8%
- Revenue Growth 5Y -2.3%
- Analyst Consensus 0% Buy
- Earnings Quality (OCF/NI) 0.47
- Piotroski F-Score 1/9
Nicht verfügbar (9)
- EPS data insufficient
- Dividend Payout NaN%
- 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)
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Niedrige Qualität: Rechnungslegung prüfen
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| 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 |
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
Recent headlines for SOLLF, sourced from Markets Gazette.