Greentown Service Group Co Ltd Shs Regulation S 02869

Morningstar Rating
HK$4.10 −0.11 (2.50%)
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Company Report

Price vs Fair Value

02869 is trading at a LOCK|^JZh$Z premium.
Price
HK$4.10
Fair Value
>.&
Uncertainty
LOCK|&& PDhL
1-Star Price
f.^
5-Star Price
N.T
Economic Moat
LOCK|wl^
Capital Allocation
LOCK|@^Nm#^

Bulls Say, Bears Say

Bulls

A good brand name and high-quality services position the company positively for securing third-party projects from the bidding market.

Bears

Significant investment in VAS segments with lower margins and high-quality service with lower cost efficiency may translate to underperforming profit margins compared with peers.

Trading Information

Previous Close Price
HK$4.20
Day Range
HK$4.08–4.13
52-Week Range
HK$3.81–4.97
Bid/Ask
HK$4.09 / HK$4.15
Shares Outstanding
3.11B
Market Cap
HK$12.74B
Volume/Avg
646,000 / 3M

Key Statistics

Price/Earnings (Normalized)
10.81
Price/Sales
0.60
Dividend Yield (Trailing)
3.91%
Dividend Yield (Forward)
3.91%
Dividend Payment Schedule
Jul
Total Yield
4.83%

Company Profile

Greentown Service Group is the sister company of property developer Greentown China. GSG is one of the first Chinese property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to over 60% of GSG’s revenue. Other key earnings contributors include community value-added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own more than a 40% stake in GSG in 2025. China property developer Longfor Group holds around a 9% equity interest in GSG.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Mid Value
Total Number of Employees
51,785

Competitors

Valuation

Metric
02869
01109
00960
Price/Earnings (Normalized)
10.8113.1215.58
Price/Book Value
1.470.650.20
Price/Sales
0.600.770.45
Price/Cash Flow
7.833.43—
Price/Earnings
02869
01109
00960

Financial Strength

Metric
02869
01109
00960
Quick Ratio
1.270.510.68
Current Ratio
1.441.611.73
Interest Coverage
50.0718.923.85
Quick Ratio
02869
01109
00960

Profitability

Metric
02869
01109
00960
Return on Assets (Normalized)
6.42%2.05%0.17%
Return on Equity (Normalized)
15.49%7.92%0.60%
Return on Invested Capital (Normalized)
12.54%3.33%0.37%
Return on Assets
02869
01109
00960

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