ScoreComparison
Company
Score
Quality
Valuation
Financial
Technical
Why is Spring Real Estate Investment Trust ?
1
Weak Long Term Fundamental Strength with an average Return on Equity (ROE) of 2.82%
- Poor long term growth as Net Sales has grown by an annual rate of 3.14% and Operating profit at -10.35%
2
Flat results in Jun 26
- OPERATING CASH FLOW(Y) Lowest at HKD 439.35 MM
- ROCE(HY) Lowest at -7.01%
- DIVIDEND PER SHARE(HY) Lowest at HKD 14.26
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -22.99% returns in the last 1 year, the stock has also underperformed Hang Seng Hong Kong in each of the last 3 annual periods
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Spring Real Estate Investment Trust for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Spring Real Estate Investment Trust
-100.0%
-0.75
42.01%
Hang Seng Hong Kong
-5.07%
-0.26
18.70%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
3.14%
EBIT Growth (5y)
-10.35%
EBIT to Interest (avg)
1.94
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
8.15%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
6.07%
ROE (avg)
2.82%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
24
Industry P/E
Price to Book Value
0.39
EV to EBIT
6.38
EV to EBITDA
6.38
EV to Capital Employed
0.30
EV to Sales
2.35
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
4.71%
ROE (Latest)
1.64%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bullish
Bearish
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend12What is working for the Company
PRE-TAX PROFIT(Q)
At HKD 136.86 MM has Grown at 748.73%
DEBTORS TURNOVER RATIO(HY)
Highest at 14.26 times
RAW MATERIAL COST(Y)
Fallen by 1.09% (YoY
NET PROFIT(Q)
Highest at HKD 143.08 MM
-9What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at HKD 439.35 MM
ROCE(HY)
Lowest at -7.01%
DIVIDEND PER SHARE(HY)
Lowest at HKD 14.26
INTEREST(Q)
Highest at HKD 131.62 MM
EPS(Q)
Lowest at HKD -0.19
Here's what is working for Spring Real Estate Investment Trust
Pre-Tax Profit
At HKD 136.86 MM has Grown at 748.73%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (HKD MM)
Net Profit
At HKD 143.08 MM has Grown at 213.8%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (HKD MM)
Debtors Turnover Ratio
Highest at 14.26 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Net Profit
Highest at HKD 143.08 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (HKD MM)
Raw Material Cost
Fallen by 1.09% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Spring Real Estate Investment Trust
Operating Cash Flow
Lowest at HKD 439.35 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (HKD MM)
Dividend per share
Lowest at HKD 14.26 and Fallen
In each year in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (HKD)
Interest
Highest at HKD 131.62 MM
in the last five periods and Increased by 6.07% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (HKD MM)
EPS
Lowest at HKD -0.19
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (HKD)
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