Longfor Group Holdings Limited LGFRY

Real EstateReal Estate OperationsChina

Last close 5.75 USD on Nov 1, 2026, −46.9% year to date

Quant rating

Quant rating D Rank 45 of 61 in Real Estate

Growth C 32 of 61
Valuation B 11 of 61
Quality D 52 of 61
Revisions C 40 of 61
Momentum D 53 of 61

Wall Street consensus Buy (2.07)Average target 1.07 USD −81.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.1B
Enterprise value: 34.9B
52-week range: 5.74 – 13.78
3-year range: 5.74 – 24.40
Dividend yield: 4.20%
Beta (5 years): 0.83
Shares outstanding: 7,097M
Next earnings: Mar 25, 2027

About the company

Longfor Group Holdings Limited is an investment holding company principally engaged in property development, commercial investment, asset management, property management and smart construction. The Company operates primarily through three segments. The Property Development segment focuses on the development and sales of office and commercial premises and residential properties. The Investment Property Operation segment mainly engages in the lease of investment properties, mainly comprising shopping malls and rental housing, as well as rental housing, serviced apartments, industrial offices, healthcare, and elderly care facilities. The Property Services segment provides property management and entrusted construction services for residential, commercial, office, and industrial parks. The Company mainly operates in the domestic and overseas markets.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	13,915	17,464	25,464	36,329	35,166	–
Revenue growth	−20.3%	−31.4%	−29.9%	3.3%	24.3%	−13.2%
EPS (basic, normalized)	−0.07	0.15	0.25	0.54	0.59	–
EPS growth	–	−42.0%	−53.8%	−7.5%	–	–
Gross margin	9.7%	16.0%	16.9%	21.2%	25.3%	17.8%
Net margin	1.1%	8.2%	7.1%	9.7%	10.7%	7.3%
ROE	0.6%	6.6%	8.7%	18.2%	20.4%	10.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	13,915	−20.3%	2.5x	817	−59.7%	42.8x	−0.07	−150.6%	−77.9x
2026	11,879	−14.6%	2.9x	430	−47.3%	81.2x	−0.08	−13.4%	−68.7x
2027	9,994	−15.9%	3.5x	935	+117.4%	37.4x	0.02	+126.6%	258.8x
2028	9,800	−1.9%	3.6x	1,201	+28.4%	29.1x	0.06	+161.5%	98.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	11,879	−3.4%	−5.9%	−8.2%	−0.08	−163.7%	−589.6%	−290.8%
2027	9,994	−8.9%	−12.7%	−16.6%	0.02	−65.2%	−70.6%	−76.7%
2028	9,800	−3.1%	−6.7%	−13.0%	0.06	−25.9%	−32.7%	−47.6%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Real Estate Operations

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LGFRY Longfor Group Holdings Limited	4.1B	–	1.1%	0.17x	−68.7x	258.8x	81.2x	37.4x
HHH Howard Hughes Holdings Inc	4.6B	–	8.4%	0.92x	17.1x	20.5x	13.5x	15.8x
MRP Millrose Properties Inc	4.3B	6.73x	67.4%	0.73x	8.3x	7.8x	10.6x	9.8x
LGMMY LEG Immobilien SE	4.1B	12.65x	105.9%	0.42x	1.9x	1.8x	19.3x	18.6x
HLPPY Hang Lung Properties Ltd	4.1B	–	–	–	–	–	–	–
JOE St Joe Co	4.0B	–	22.5%	5.18x	–	–	–	–
Mean		9.69x	41.1%	1.48x	−10.4x	72.2x	31.2x	20.4x
Median		9.69x	22.5%	0.73x	5.1x	14.1x	16.4x	17.2x

Technical analysis

1M−16.9%
3M−34.0%
1Y−55.3%
3Y−56.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Longfor Group Holdings Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	13,915	17,464	25,464	36,329	35,166	28,283
Cost of revenue	12,566	14,668	21,155	28,639	26,264	20,003
Gross profit	1,349	2,796	4,309	7,690	8,901	8,281
Selling, general & administrative expenses	939	1,192	1,517	1,759	2,564	1,889
Research & development	–	–	–	–	–	–
Interest expense (income), operating	−587	−684	−289	−438	−528	−436
Unusual expense (income)	24.4	−139	−124	−32.2	−91.4	−13.3
Other operating expenses	34.6	−33.7	−81.3	−59.2	−102	−85.6
Operating income	938	2,462	3,286	6,460	7,059	6,926
Net interest income (expense)	−189	104	198	183	439	180
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	749	2,566	3,484	6,644	7,498	7,106
Provision for taxes	599	905	1,070	1,885	2,493	2,687
Minority interest	−3.7	−236	−603	−1,227	−1,249	−1,355
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	146	1,425	1,810	3,532	3,755	3,065
Extraordinary items	–	–	–	–	–	–
Net income	146	1,425	1,810	3,532	3,755	3,065
EBIT, normalized	376	1,638	2,874	5,990	6,440	6,477
EBITDA, normalized	422	1,687	2,940	6,078	6,517	6,516
Basic EPS, normalized	−0.07	0.15	0.25	0.54	0.59	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Longfor Group Holdings Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	3,913	6,569	8,344	10,458	13,882	11,869
Receivables	13,670	14,696	14,553	16,995	18,046	14,649
Total inventory	25,567	30,580	36,537	48,037	65,166	58,510
Prepaid expenses	1,580	1,746	2,447	2,553	4,199	3,241
Other current assets	526	524	420	285	151	126
Total current assets	45,256	54,116	62,300	78,327	101,445	88,395
Property, plant & equipment	335	395	392	597	842	665
Goodwill	548	525	540	556	604	42.3
Intangibles	229	247	283	318	378	32.8
Long-term investments	36,900	34,133	33,509	32,617	32,852	26,728
Note receivable	–	–	–	–	–	–
Other long-term assets	1,938	1,777	1,655	1,656	1,731	1,403
Total assets	85,207	91,193	98,679	114,072	137,852	117,266
Liabilities
Accounts payable	–	–	0	48.2	13,463	11,722
Payable/accrued	5,315	5,557	5,985	9,293	2,494	2,072
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	2,447	4,355	4,016	3,207	2,501	3,006
Other current liabilities	18,937	23,089	27,614	36,149	51,841	44,428
Total current liabilities	26,699	33,000	37,616	48,697	70,298	61,227
Long-term debt	21,282	21,711	25,215	29,107	30,266	24,746
Minority interest	10,609	11,514	11,904	13,205	15,259	12,932
Other liabilities	3,335	2,851	2,534	2,460	2,358	1,756
Total liabilities	61,926	69,077	77,269	93,469	118,182	100,661
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	88.0	82.4	80.9	79.2	83.2	80.8
Additional paid-in capital	0	0	0	0	0	0
Retained earnings (accumulated deficit)	23,811	22,623	21,967	21,054	19,730	16,894
Treasury stock	–	–	–	–	–	–
Other equity	−617	−589	−638	−530	−142	−371
Total equity	23,281	22,116	21,410	20,603	19,671	16,604
Total liabilities & shareholders' equity	85,207	91,193	98,679	114,072	137,852	117,266

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Longfor Group Holdings Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	749	2,566	3,484	6,644	7,498	7,106
Depreciation, depletion & amortization	46.4	48.8	66.8	87.8	76.9	39.6
Deferred taxes	–	–	–	–	–	–
Non-cash items	36.7	−714	−437	−335	−1,197	−721
Changes in working capital	2,296	2,174	1,537	−4,952	−1,885	−796
Cash from operations	3,128	4,075	4,650	1,444	4,492	5,629
Investing activities
Capital expenditures	−6.9	−46.1	−122	−45.2	−89.6	−300
Other investing cash flows	−601	−1,543	−1,514	−1,754	−7,582	−6,046
Cash from investing	−608	−1,589	−1,636	−1,800	−7,672	−6,345
Financing activities
Financing cash flow items	−1,686	−2,544	−2,466	−2,469	2,438	1,804
Cash dividends paid	−93.9	−160	−248	−799	−1,365	−1,101
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−3,685	−1,326	−2,113	1,302	3,854	2,499
Cash from financing	−5,465	−4,030	−4,828	−1,966	4,927	3,203
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−2,944	−1,544	−1,813	−2,321	1,747	2,486
Free cash flow	3,121	4,029	4,528	1,399	4,402	5,330

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.