Financial Street Holdings Co Ltd (000402) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Financial Street Holdings Co Ltd stock ¥1.36, price ¥2.21, that is 38.5% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥1.98 – ¥7.31 · fair‑value band ¥1.36 – ¥5.44 · the ¥2.21 price screens above the ¥1.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Financial Street Holdings Co., Ltd., together with its subsidiaries, engages in the development and operation of real estate properties in China.
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The company develops commercial properties comprising business and boutique business complexes, and hotels; characteristic town properties, including tourist areas; and residential properties, as well as leases properties.
It is also involved in housing and venue rental; property management; real estate brokerage; tourism development and management; catering and accommodation; sale of daily necessities; technology development; health, enterprise, business, investment, boat club, and hotel management; financing; and cultural communication activities.
In addition, the company engages in business administration; personal and yacht project investments; and yacht driver, motorcyclist, and boat driver training services.
Further, it provides consulting services for investments, real estate information, technical, and enterprise management; and business, conference, auto mechanic, sports, and fitness services.
The company was formerly known as Chongqing Huaya Modern Paper Industry Co., Ltd. and changed its name to Financial Street Holdings Co., Ltd. in August 2000. Financial Street Holdings Co., Ltd. was incorporated in 1992 and is headquartered in Beijing, China.
Stock analysis
Financial Street Holdings Co Ltd (000402) currently trades at ¥2.21, while our model-based Fair Value estimate is ¥1.36, 38% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥4.30 per share, and 1 of the 3 models we run sit above the ¥2.21 price.
Bear case: the DCF Models group reads lowest at ¥1.36, and 2 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.36 (bear) to ¥5.44 (bull), the price of ¥2.21 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2010: revenue and profit before it include the divested business. Growth is measured afresh from 2010.
Financial Street Holdings Co Ltd reported revenue of 8.0B CNY in FY2025 versus 24.2B CNY in FY2021, a compound −24.1%/yr. Reported net income was −5.4B CNY in FY2025.
Key figures
Market cap 6.6B CNY (≈ $990M) Small · P/S ratio 0.78 · EPS (TTM) ¥−1.47 · Net margin −52.0% · Return on equity −20.8% · Return on assets (EBIT) −1.8% (5-year average) · Operating margin 18.0% · Revenue (TTM) 8.4B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −38%, 000402 screens richer than that median.
Fair Value models
Bear¥1.36Fair Value ¥1.36Bull¥5.44
Price ¥2.21 · Downside -38.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2010: revenue and profit before it include the divested business. Growth is measured afresh from 2010.
Revenue growth 1 year
−58.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−26.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−15.1%
Start year 2020 (pandemic). Over 10 years: −6.4% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
22.0% (2019) → −6.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +22.5% a year for the price.
Compare Financial Street Holdings Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 489 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−38.5% · Bottom 25%
Profitability
Return on assets−4.7% · Bottom 25%
Net margin (12 months)−52.0% · Bottom 25%
Operating margin (12 months)18.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)28.4% · Top 25%
Balance sheet
Debt / equity3.75× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/B0.34× · Cheapest 25%
P/S (12 months)0.78× · Cheaper than median
Price / free cash flow (fiscal year)3.3× · Cheaper than median
PEG0.76× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 68
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 17
HEALTH (low debt)0· sector 83
DIVIDEND (yield)0· sector 61
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Financial Street Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000402
Frequently asked questions
Is Financial Street Holdings Co Ltd (000402) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥1.36 versus a price of ¥2.21, about 38% lower (overvalued).
What is the fair value of 000402?
Our model-based fair value for Financial Street Holdings Co Ltd is ¥1.36 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥2.21.
What is the quality score of 000402?
Financial Street Holdings Co Ltd has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Financial Street Holdings Co Ltd (000402)?
Our model-based price target is the fair value of ¥1.36 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario ¥1.36, optimistic scenario ¥5.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Financial Street Holdings Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.36, about 38% lower versus a price of ¥2.21 (overvalued). Cautious scenario ¥1.36, optimistic scenario ¥5.44. The calculation is refreshed regularly with new filings.
What is the revenue of Financial Street Holdings Co Ltd (000402)?
Financial Street Holdings Co Ltd reported trailing-twelve-month revenue of about 8.4B CNY (latest available figure, as of Nov 5, 2026).
What growth is priced into Financial Street Holdings Co Ltd (000402)?
For today's price to be fair in a discounted-cash-flow model, Financial Street Holdings Co Ltd would have to grow free cash flow by +24.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -15.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 000402 use?
Our models discount Financial Street Holdings Co Ltd at 11.8 %: a base by market capitalisation (small), damped by beta 0.95, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Financial Street Holdings Co Ltd that is +24.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Financial Street Holdings Co Ltd (000402) delivered so far?
Over the past 5 years revenue at Financial Street Holdings Co Ltd grew -15.1 % a year. The price currently implies free-cash-flow growth of +24.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Financial Street Holdings Co Ltd (000402) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Financial Street Holdings Co Ltd (+24.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Financial Street Holdings Co Ltd (000402)?
The free-cash-flow yield on the price is 30.33 %: that much free cash flow Financial Street Holdings Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Financial Street Holdings Co Ltd (000402)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Financial Street Holdings Co Ltd it is ¥1.36 per share (as of Nov 5, 2026), against a price of ¥2.21. It is the blended result of 6 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is Financial Street Holdings Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 000402 trades above its calculated fair value: price ¥2.21, fair value ¥1.36, a gap of about −38% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000402?
No. The price is what the market pays today (¥2.21); the fair value is what the company's own numbers justify (¥1.36). For Financial Street Holdings Co Ltd the two are ¥0.8500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Financial Street Holdings Co Ltd worth?
The market values Financial Street Holdings Co Ltd at about 6.6B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥2.21; our models calculate a fair value of ¥1.36 per share.
What do the bullish and bearish scenarios say about 000402?
Our models span a range for Financial Street Holdings Co Ltd: cautious scenario ¥1.36, base ¥1.36, optimistic ¥5.44 per share (as of Nov 5, 2026, price ¥2.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 000402?
The PEG ratio of Financial Street Holdings Co Ltd is 0.76 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Financial Street Holdings Co Ltd (000402)?
Balance-sheet figures for Financial Street Holdings Co Ltd (as of Nov 5, 2026): return on equity −20.8%, debt of 3.75 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 000402 from its 52-week high?
Financial Street Holdings Co Ltd trades at ¥2.21, about 37% below its 52-week high of ¥3.49 and 3% above the low of ¥2.15 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.36 is for.
Which stocks are comparable to Financial Street Holdings Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Financial Street Holdings Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥2.21, calculated fair value ¥1.36 (−38%), Quality Score 53/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000402 calculated?
We run Financial Street Holdings Co Ltd through 6 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of ¥1.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Financial Street Holdings Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Financial Street Holdings Co Ltd (000402)?
The closing price on Nov 6, 2026 was ¥2.21. Our model-based fair value is ¥1.36, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Financial Street Holdings Co Ltd right now?
The model range is unusually wide (¥1.36 to ¥5.44). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Financial Street Holdings Co Ltd
How large is the market capitalisation of Financial Street Holdings Co Ltd (000402)?
The market capitalisation of Financial Street Holdings Co Ltd is 6.6B CNY (≈ $990M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Financial Street Holdings Co Ltd (000402)?
The price-to-sales ratio of Financial Street Holdings Co Ltd is 0.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Financial Street Holdings Co Ltd (000402)?
Earnings per share at Financial Street Holdings Co Ltd are ¥−1.47. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Financial Street Holdings Co Ltd (000402)?
The net margin of Financial Street Holdings Co Ltd is −52.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Financial Street Holdings Co Ltd (000402)?
The return on equity (ROE) of Financial Street Holdings Co Ltd is −20.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Financial Street Holdings Co Ltd (000402)?
On an EBIT basis the return on assets of Financial Street Holdings Co Ltd is −1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Financial Street Holdings Co Ltd (000402)?
The operating margin of Financial Street Holdings Co Ltd is 18.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Financial Street Holdings Co Ltd (000402)?
Revenue at Financial Street Holdings Co Ltd is growing +28.4% versus a year earlier (3y avg −26.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Financial Street Holdings Co Ltd (000402)?
Earnings per share at Financial Street Holdings Co Ltd are growing −52.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Financial Street Holdings Co Ltd (000402) carry?
The net debt of Financial Street Holdings Co Ltd is 56.5B CNY (fiscal year 2025, ≈ 28.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026