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First Service HoldingHKSE:02107 +4.82%61 Days Payable is 58.39 as of Dec. 2025, which is 34% above its 10-year median of 43.53. GuruFocus rates HKSE:02107 with a GF Score™ of 61/100 and a GF Value™ of HK$0.40 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,570 Real Estate companies, First Service Holding ranks worse than 63.63% on this metric.
First Service Holding Days Payable Historical Data
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The historical data trend for First Service Holding's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HKSE:02107 vs CBRE, BEKE, JLL: Days Payable Comparison
For the Real Estate Services subindustry, First Service Holding's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Service Holding Days Payable vs Real Estate Industry
For the Real Estate industry and Real Estate sector, First Service Holding's Days Payable distribution charts can be found below:
* The bar in red indicates where First Service Holding's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
First Service Holding's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Service Holding (HKSE:02107) has a Days Payable of 58.39 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on First Service Holding and its competitors. This is 34% above median its historical median of 43.53. Over the past decade, First Service Holding's Days Payable has ranged from 32.51 to 59.77. According to the industry distribution chart, First Service Holding ranks #999 out of 1570 companies in the Real Estate industry, placing it in the top 63.6%.
Is First Service Holding's Days Payable too high?
First Service Holding's current Days Payable of 58.39 is 34% above median its 10-year median of 43.53. Over the past 10 years, this metric has ranged from a low of 32.51 to a high of 59.77. The Real Estate industry median Days Payable is 93.82. First Service Holding's value of 58.39 is 37.8% below this industry median. Based on the distribution chart, First Service Holding ranks #999 out of 1570 companies in the Real Estate industry, which is below the industry midpoint. Overall, First Service Holding has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Service Holding's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, First Service Holding ranks #999 out of 1570 companies for Days Payable. This places First Service Holding in the lower half of its industry. The industry median Days Payable is 93.82. First Service Holding's value of 58.39 is 37.8% below this benchmark. Historically, First Service Holding's own Days Payable has ranged from 32.51 to 59.77 over the past decade. While the company's 10-year median is 43.53 vs. the industry median of 93.82, First Service Holding has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Real Estate company?
The median Days Payable among Real Estate companies is 93.82, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Service Holding's current Days Payable of 58.39 is 37.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on First Service Holding and its competitors. For the Real Estate industry, the median Days Payable is 93.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Service Holding's current Days Payable is 58.39, which is 34% above median its own 10-year median of 43.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Service Holding stock overvalued right now?
Based on GuruFocus' analysis, First Service Holding (HKSE:02107) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.40, compared to a current price of HK$0.44 — trading 8.8% above its estimated fair value. The current Days Payable is 58.39, which is 34% above median its 10-year median of 43.53 and 37.8% below the Real Estate industry median of 93.82. First Service Holding's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For First Service Holding (HKSE:02107), the current Days Payable is 58.39 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Service Holding (HKSE:02107) Overvalued in 2026?
Based on GuruFocus' analysis, First Service Holding stock appears to be overvalued.
The current stock price of HK$0.44 is trading 8.8% above its estimated GF Value™ of HK$0.40.
GuruFocus considers First Service Holding to be Fairly Valued.
Key valuation signals for HKSE:02107:
Days Payable: 58.39 (34% above median its 10-year median of 43.53)
GF Value™: HK$0.40 vs. price of HK$0.44 (8.8% above fair value)
Industry Position: 37.8% below the Real Estate median (#999 of 1570)
No single metric tells the full story. See the HKSE:02107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into two segments: First Property management services comprising of property management services, energy operation services under the service line of green living solutions and value-added services; and First Living segment provides green technology consulting service, system installation services, sale of goods, and energy operation services under the service line of green living solutions. It derives maximum revenue from First Property Management.
61GF Score
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