Skip to Content
Morningstar

Country Garden Services Holdings Co Ltd 06098

Morningstar Rating
Unlock
Stock XHKG Rating as of
HKD 6.82 +0.61 (9.82%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Country Garden Services’ Lower Top-Line Growth Forecast Should Weigh on Long-Term Earnings

Jeff Zhang

Country Garden Services, a leading property management services company in China, was spun off into its own listing in 2018 by real estate developer Country Garden Holdings. CGS’ businesses operate in four major segments: 1) property management services, 2) community and nonproperty owner (mainly developer) value-added services, 3) “Three Supplies and Property Management” on utility supplies, and 4) city sanitation and greening services.

Read Full Report

Price vs Fair Value

View History
06098 is trading at a 600% premium.
Price
HKD 6.82
Fair Value
HKD 2.00
Uncertainty
Very High
1-Star Price
HKD 32.61
5-Star Price
HKD 9.70
Economic Moat
Nnvx
Capital Allocation
Kxvvnbs

Bulls Say, Bears Say

Bulls

CGS’ top line may rebound strongly in the next few years as the China real estate market recovers and homeowner demand for community VAS resumes.

Bears

Revenue growth of nonproperty owner VAS hinges on residential project delivery, which is vulnerable to real estate market cycles.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 06098 is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
HKD 6.21
Day Range
HKD 6.12–6.88
52-Week Range
HKD 4.25–11.10
Bid/Ask
HKD 6.82 / HKD 6.83
Market Cap
HKD 22.80 Bil
Volume/Avg
101.3 Mil / 29.8 Mil

Key Statistics

Price/Earnings (Normalized)
14.40
Price/Sales
0.49
Dividend Yield (Trailing)
2.33%
Dividend Yield (Forward)
2.33%
Total Yield
3.62%

Company Profile

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was among the top residential property management firms in China in terms of revenue and gross floor area under management for 2023. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Mid Value
Total Number of Employees
213,712
Website
http://www.bgyfw.com

Competitors

Valuation

View More
Metric
06098
02869
01109
Price/Earnings (Normalized)
 14.4019.078.36
Price/Book Value
 0.571.920.83
Price/Sales
 0.490.800.84
Price/Cash Flow
 9.689.388.31
Price/Earnings
06098
02869
01109

Financial Strength

Metric
06098
02869
01109
Quick Ratio
 1.261.310.35
Current Ratio
 1.361.421.34
Interest Coverage
 4.4512.4441.18
Quick Ratio
06098
02869
01109

Profitability

Metric
06098
02869
01109
Return on Assets (Normalized)
 6.01%6.04%2.40%
Return on Equity (Normalized)
 11.40%14.84%11.33%
Return on Invested Capital (Normalized)
 9.25%10.80%4.44%
Return on Assets
06098
02869
01109
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Real Estate Services Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
CSGP
CoStar Group IncMxdkcyxcnJgxx$36.0 Bil
CBRE
CBRE Group Inc Class ANcsbbnmkRtylqv$28.2 Bil
CLLNY
Cellnex Telecom SA ADR—Fxnmy$26.9 Bil
CLNXF
Cellnex Telecom SA—Fdsyj$26.9 Bil
VNNVF
Vonovia SE—Jhjt$26.5 Bil
VONOY
Vonovia SE ADR—Skgx$26.5 Bil
BEKE
KE Holdings Inc ADRQmpldrhcBcsmcf$22.5 Bil
VTAGY
Vantage Towers AG ADR—Vkdynh$20.6 Bil
JLL
Jones Lang LaSalle IncGznsdkzdCpfbn$9.8 Bil
CWK
Cushman & Wakefield PLCWwxsvzjPyxk$2.7 Bil

Sponsor Center