KRP Development Holdings Limited

HK$0.60As of Sun 8 Nov 2026, 12:00 UTC

HKEX:2421Real Estate

Country Hong Kong

PE (Fwd) 40.69

TSR 4Y CAGR (19.24%)

Div yield —

ROE 1.72%

Real Estate (Development)

Beta (5Y) —

PE TTM 20.22

TSR TTM (2.46%)

Mkt cap HK$300.7M

ROIC 3.88%

SE Grade™

Value

Quality

Moat

1Y Price

Reference

$0.634

6.51%

117.88%

Price below Reference Value

TTM

FYE 31 Mar HKD

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

141.2

Revenue$M

—

700.8

226.9

181.7

141.2

99.33

(41.37%)

—

(22.27)

Revenue growth%

—

(67.62)

(19.92)

(22.27)

(29.67)

(22.27)

—

53.24

Gross margin%

—

73.77

64.23

58.50

53.24

52.64

61.37

—

19.07

Operating margin%

—

64.77

43.32

35.14

19.07

17.73

39.23

—

10.53

Net margin%

—

25.81

17.66

11.12

10.53

10.02

14.39

—

20.22

P/E ratio (avg)x

—

13.15

16.47

22.18

30.20

16.47

—

3.137

EV/EBITx

—

3.619

3.170

—

4.797

3.395

—

11.75

FCF yield (avg)%

—

(15.06)

(1.59)

10.71

7.57

(1.59)

—

25.02

FCF margin%

—

(1.48)

(34.99)

(2.92)

25.02

22.93

(2.20)

—

2.376

FCF / Net incomex

—

(0.057)

(1.981)

(0.262)

2.376

2.287

(0.160)

—

3.88

ROIC%

—

79.18

15.71

9.07

3.88

2.29

12.39

—

1.72

Return on equity%

—

21.83

4.78

2.36

1.72

1.14

3.57

—

1.06

Return on assets%

—

11.96

2.89

1.49

1.06

0.71

2.19

—

0.03

EPS$

—

0.36

0.08

0.04

0.03

0.02

(56.51%)

—

(26.39)

EPS growth%

—

(77.84)

(49.57)

(26.39)

(33.06)

(49.57)

—

1.73

Bookvalue per sh$

—

1.64

1.68

1.70

1.73

1.74

1.80%

—

0.07

FCF per share$

—

(0.02)

(0.16)

(0.01)

0.07

0.05

—

Dividend per sh$

—

0.13

0.04

0.02

—

0.01

(62.05%)

—

Div yield (avg)%

—

3.58

2.81

—

1.98

3.20

—

Payout ratio%

—

35.93

47.32

46.30

—

59.78

41.11

—

505.4

Shares (diluted)M

—

505.3

505.4

—

◌505.4

—

Buyback yield%

—

(0.01)

—

D/E ratiox

—

84.49

Enterprise value$M

—

355.7

202.4

—

84.49

(43.11%)

—

LT debt$M

—

Peers (US$38.36M)

Cap (US$)

Zhong An Group Limited

40.77M

—

KWG Group Holdings…

39.69M

—

Greenland Hong Kong…

39.21M

—

Yamaichi Real Estate…

38.32M

7.212x

Capital

TTM

10Y

Leveragex

—

(1.724)

EBIT/Intx

42.09

198.1

Own earn%

—

Sh yield%

—

2.81

Owners

Insiders/Inst%

19.85

—

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

4/4

Revenue growth years

0/3

EPS growth years

0/3

Dividend streakyrs

Op margin range%

19–65

$1 testx

—

Incr. ROIC%

—

KRP Development Holdings Limited, an investment holding company, engages in the development and sale of residential properties in Mainland China. It undertakes land acquisition/transformation, site planning, preparation, and improvement of land and design, as well as construction and marketing of homes. The company was founded in 2013 and is based in Dongguan, China.

Growth vs revenue

Latest

Trend

3Y CAGR

Rel growth

Revenue

$141.2M

(41.37%)

1.00×

Cost of revenue

$66.04M

(28.91%)

1.78×

Operating expenses

$48.25M

(8.54%)

3.80×

Asset mix

Trend

Other

84.54%

Cash and investments

15.46%

Reinvestment returns

5Y median

Trend

Reinvestment rate

(0.80%)

Return on capital

12.39%

Spread over hurdle

5.88%