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E-Star Commercial Management Company Limited (6668.HK)

HKD1.25 +0.01 (+0.81%)
CN HKSE Real Estate Real Estate - Services
Address Tower A 518000
Shenzhen, CN
CEO Qunsheng Chen
Website g-cre.com
IPO 2021-01-26
ISIN KYG3170A1085

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Description

E-Star Commercial Management Company Limited operates as an investment holding company, specializing in providing extensive operational services for commercial properties across the People's Republic of China. The company assists both property owners and tenants, employing three distinct service paradigms: the Entrusted Management Service Model, the Brand and Management Output Service Model, and the Sublease Service Model. Its array of services spans from initial planning and advisory – encompassing market positioning, business strategy consultation, design and construction guidance, and tenant acquisition – to ongoing management. This operational oversight includes crafting strategic initiatives, organizing marketing and promotional activities, managing tenant relationships, maintaining properties, and facilitating rent collection. Under its sublease model, E-Star also engages in property leasing, sub-letting commercial units to a variety of occupants. Additionally, it offers value-added services such as managing communal areas within its shopping centers, which are often utilized for temporary retail outlets or promotional setups, and overseeing advertising opportunities, including LED screens and the internal and external facades of the properties under its management. Direct leasing of commercial spaces to tenants is also part of its offerings. The company delivers its commercial property operational expertise through well-known brands including COCO Park, COCO City, COCO Garden, iCO, and Top Living, serving diverse commercial venues like shopping malls, commercial streets, and integrated complexes. By the close of 2021, E-Star was actively managing 84 commercial property projects distributed across 25 Chinese cities. Founded in Shenzhen, PRC, in 2004, E-Star Commercial Management Company Limited is a part of Go Star Investment Holding Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD1.25 +0.01 (+0.81%)
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Volume Profile
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Liquidity & share structure
Average Volume
221.6K
Beta
1.02
Float Shares
261.97M
Free Float %
25.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -0.71% +2.21% +0.00% +2.21% +1.46% +7.75% +0.00% -76.03% -65.25% -65.25%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.25
DCF (Unlevered) 5.83 +366.0%
DCF (Levered) 5.59 +347.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2025-11 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.36
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Services: +11.2%
    -9.6% Q4'25: -13.8% (vs Q4'23)
  • EPS growth Real Estate - Services: +25.9%
    -6.7% Q4'25: -24.7% (vs Q4'23)
  • FCF margin FCF growth · Real Estate - Services: +32.2%
    +25.2% Q4'25: +45.2% (vs Q4'23)
  • EBIT margin Real Estate - Services: +23.7%
    +32.1% Q4'25: +24.1% (vs Q4'23)
  • ROIC Real Estate - Services: +4.3%
    +23.9% Q4'25: +37.2% (vs Q4'23)
  • Share dilution Real Estate - Services: +0.0%
    0.0% Q4'25: -0.3% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Services: 1.88×
    2.92× Q4'25: 1.79× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.07) × ERP
WACC = 64% × Ke + 36% × Kd (5.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5.83 Current price: 1.25
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Revenue
441.95M
est: 535.85M (-17.5%)
572.21M
est: 736.11M (-22.3%)
561.85M
est: 731.97M (-23.2%)
635.01M
est: 614.21M (+3.4%)
644.54M
est: 678.64M (-5.0%)
582.90M
est: 683.48M (-14.7%)
715.00M
715.00M – 715.00M
+4.6% YoY
EBITDA
186.67M
est: 238.82M (-21.8%)
263.60M
est: 328.07M (-19.7%)
259.04M
est: 326.23M (-20.6%)
323.65M
est: 271.09M (+19.4%)
241.48M
est: 299.52M (-19.4%)
233.59M
est: 301.66M (-22.6%)
315.57M
315.57M – 315.57M
+4.6% YoY
EBIT
179.28M
est: 214.85M (-16.6%)
256.27M
est: 295.14M (-13.2%)
231.69M
est: 293.48M (-21.1%)
277.11M
est: 235.80M (+17.5%)
194.94M
est: 260.54M (-25.2%)
186.82M
est: 262.40M (-28.8%)
274.50M
274.50M – 274.50M
+4.6% YoY
Net Income
126.84M
est: 158.04M (-19.7%)
184.92M
est: 197.05M (-6.2%)
154.28M
est: 213.26M (-27.7%)
171.10M
est: 151.62M (+12.8%)
154.47M
est: 146.17M (+5.7%)
142.63M
est: 186.39M (-23.5%)
214.35M
214.35M – 214.35M
+15.0% YoY
SGA
78.11M
est: 86.57M (-9.8%)
87.89M
est: 118.92M (-26.1%)
94.57M
est: 118.25M (-20.0%)
95.99M
est: 95.10M (+0.9%)
101.82M
est: 105.07M (-3.1%)
83.42M
est: 105.82M (-21.2%)
110.70M
110.70M – 110.70M
+4.6% YoY
EPS
0.13
est: 0.16 (-16.7%)
0.18
est: 0.19 (-7.5%)
0.15
est: 0.21 (-28.8%)
0.17
est: 0.15 (+13.5%)
0.15
est: 0.14 (+3.9%)
0.14
est: 0.18 (-23.9%)
0.21
0.21 – 0.21
+15.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-28 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-27 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-26 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-22 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-21 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-20 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-19 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-18 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-15 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-14 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-13 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-12 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-11 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-08 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-07 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-06 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-05 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-04 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-30 A 4/5 5/5 4/5 5/5 2/5 4/5 3/5
2026-04-29 A 4/5 5/5 4/5 5/5 2/5 4/5 3/5
2026-04-28 A 4/5 5/5 4/5 5/5 2/5 4/5 3/5
2026-04-27 A 4/5 5/5 4/5 5/5 2/5 4/5 3/5
2026-04-24 A 4/5 5/5 4/5 5/5 2/5 4/5 3/5
2026-04-23 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-22 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-21 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-20 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-17 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-16 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
356.49M
OE per share TTM
0.35
Owner's Yield
25.33%
Maintenance CapEx ratio
37.01%
Maint CapEx / Avg PPE
42.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
195.8K
Shares Outstanding
1.01B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Qunsheng Chen Chief Executive Officer & Executive Director 4M male
Chaoqun Ma Chief Financial Officer & Executive Director 2M male
De-Lin Huang Executive Chairman 266.7K male
Jing Xu FCCA FCPA Company Secretary female
Yong Lan Assistant President & GM of the Product Management Center male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits