EN DE
Watch Macrolink Real Estate Co Ltd for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Macrolink Real Estate Co Ltd (000620) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Macrolink Real Estate Co Ltd stock ¥1.90, price ¥2.75, that is 30.9% below the price, quality 43 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials CN · ISIN CNE000000958

MR Macrolink Real Estate Co Ltd logo Thin data Nov 10, 2026

Macrolink Real Estate Co Ltd

000620 · SHE
Expensive, weak quality

Our calculation puts a fair price 31% below what the stock costs today.

Low debt
Generates free cash flow
Revenue last quarter +58% vs. a year ago.
Quality 43/100
Fair value ¥1.90 · Overvalued
Weak Growth (revenue 5y −24.7 %/yr in CNY)
Loss-making · -46.7% net margin (TTM)
Trails peers (1/12)
Narrow moat 9/100
Thin data
Estimate
Watch Macrolink Real Estate Co Ltd for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥4.44 ¥0.9700 Fair Value ¥1.90 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ¥0.9700 – ¥4.44 · fair‑value band ¥1.43 – ¥2.38 · the ¥2.75 price screens above the ¥1.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

Follow Macrolink Real Estate Co in your weekly email

Every Wednesday you see whether Macrolink Real Estate Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Winnovation Culturaltainment Development Limited, together with its subsidiaries, engages in real estate development activities in China. It operates through Real Estate Business, Cultural Tourism Business, and Other Businesses segments.

Show moreShow less

The company is also involved in the development and operation of cultural and tourism scenic spots covering museums, cultural performances, entertainment experiences, guest houses, and cultural tourism design institutes; hotel management; travel agency; construction and engineering; property services; tourism services; planning and design; schools; and other businesses.

In addition, the company provides business and investing services. The company was formerly known as Macrolink Culturaltainment Development Co., Ltd. and changed its name to Winnovation Culturaltainment Development Limited in June 2025.

Winnovation Culturaltainment Development Limited was founded in 1993 and is based in Beijing, China. Winnovation Culturaltainment Development Limited is a subsidiary of Macrolink Holding Co., Ltd.

Stock analysis

Macrolink Real Estate Co Ltd (000620) currently trades at ¥2.75, while our estimate is ¥1.90, 31% below the price, so the stock looks overvalued today.

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ¥1.43 (bear) to ¥2.38 (bull), the price of ¥2.75 sits above 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 43/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Macrolink Real Estate Co Ltd reported revenue of 1.7B CNY in FY2025 versus 8.6B CNY in FY2021, a compound −33.2%/yr. Reported net income was −1.2B CNY in FY2025.

Key figures

Market cap 16.1B CNY (≈ $2.4B) Mid · P/S ratio 7.79 · EPS (TTM) ¥−0.1100 · Dividend yield 0.4% · Net margin −46.7% · Return on equity −22.1% · Return on assets (EBIT) −2.4% (5-year average) · Operating margin −10.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 29% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at −31%, 000620 screens richer than that median.

Fair Value

Bear ¥1.43 Fair Value ¥1.90 Bull ¥2.38
Price ¥2.75 · Downside -30.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 43/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 1
Are margins and returns getting better?
Cashflow 73
Do the profits arrive as real cash?
Financial strength 52
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 19
Distance to the 52-week high, does not count
New shares 44
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 15/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−43.8%
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.
−31.2%
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.
−24.7%
Start year 2020 (pandemic). Over 10 years: −9.5% a year
Revenue growth 30 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.
+2.8%
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.
−14.3% (2020) → −7.5% (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).
+31.3%
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 +29.1% a year for the price.

000620 screens overvalued: fair value 31% below the price. Compare with 3M Company →

Compare Macrolink Real Estate Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Conglomerates · 350 stocks

Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside −30.9% · Bottom 25%
Profitability
Return on assets −10.8% · Bottom 25%
Net margin (12 months) −46.7% · Bottom 25%
Operating margin (12 months) −10.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 58.4% · Top 25%
Dividend yield (12 months) 0.4% · Bottom 25%
Balance sheet
Debt / equity 0.29× · Above median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/B 4.26× · Priciest 25%
P/S (12 months) 8.15× · Priciest 25%
Price / free cash flow (fiscal year) 67.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 42
FUTURE (revenue growth)100 · sector 31
PAST (return on equity)0 · sector 24
HEALTH (low debt)85 · sector 90
DIVIDEND (yield)9 · sector 45

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
CITIC Limited 0267 HK$12.94 HK$25.74 +99% vs 000620
SK Inc 034730 493,000 KRW 632,391 KRW +28% vs 000620
CK Hutchison Holdings 0001 HK$72.10 HK$84.32 +17% vs 000620
Jardine Matheson Holdings J36 $60.88 $66.74 +10% vs 000620
Honeywell International Inc HON $227.64 $245.42 +8% vs 000620
SGH Limited SGH A$43.43 A$34.87 −20% vs 000620
Keppel Ltd BN4 9.91 SGD 3.91 SGD −61% vs 000620
3M Company MMM $188.88 $73.02 −61% vs 000620
Swire Pacific Limited 0019 HK$114.00 HK$27.75 −76% vs 000620
Doosan Corporation 000150 688,000 KRW 95,752 KRW −86% vs 000620

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Average Down CalculatorFree calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

Macrolink Real Estate Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Macrolink Real Estate Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000620

Frequently asked questions

Is Macrolink Real Estate Co Ltd (000620) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ¥1.90 versus a price of ¥2.75, about 31% lower (overvalued).
What is the fair value of 000620?
Our estimate for Macrolink Real Estate Co Ltd is ¥1.90 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥2.75.
What is the quality score of 000620?
Macrolink Real Estate Co Ltd has a Quality Score of 43/100. 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 Macrolink Real Estate Co Ltd (000620)?
Our calculated price target is the estimate of ¥1.90 (as of Nov 10, 2026). Cautious scenario ¥1.43, optimistic scenario ¥2.38. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Macrolink Real Estate Co Ltd stock forecast for 2026?
Our estimate puts fair value at ¥1.90, about 31% lower versus a price of ¥2.75 (overvalued). Cautious scenario ¥1.43, optimistic scenario ¥2.38. The calculation is refreshed regularly with new filings.
What is the revenue of Macrolink Real Estate Co Ltd (000620)?
Macrolink Real Estate Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Nov 10, 2026).
Does Macrolink Real Estate Co Ltd pay a dividend?
Macrolink Real Estate Co Ltd currently shows a dividend yield of 0.44% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Macrolink Real Estate Co Ltd (000620)?
Macrolink Real Estate Co Ltd has a dividend yield of 0.4%.
What growth is priced into Macrolink Real Estate Co Ltd (000620)?
For today's price to be fair in a discounted-cash-flow model, Macrolink Real Estate Co Ltd would have to grow free cash flow by +31.3 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -24.7 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 000620 use?
Our models discount Macrolink Real Estate Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.21, 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 Macrolink Real Estate Co Ltd that is +31.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Macrolink Real Estate Co Ltd (000620) delivered so far?
Over the past 5 years revenue at Macrolink Real Estate Co Ltd grew -24.7 % a year. The price currently implies free-cash-flow growth of +31.3 % 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 Macrolink Real Estate Co Ltd (000620) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Macrolink Real Estate Co Ltd (+31.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Macrolink Real Estate Co Ltd (000620)?
The free-cash-flow yield on the price is 1.48 %: that much free cash flow Macrolink Real Estate Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Macrolink Real Estate Co Ltd (000620)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Macrolink Real Estate Co Ltd it is ¥1.90 per share (as of Nov 10, 2026), against a price of ¥2.75.
Is Macrolink Real Estate Co Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 000620 trades above its calculated fair value: price ¥2.75, fair value ¥1.90, a gap of about −31% (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 000620?
No. The price is what the market pays today (¥2.75); the fair value is what the company's own numbers justify (¥1.90). For Macrolink Real Estate 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 Macrolink Real Estate Co Ltd worth?
The market values Macrolink Real Estate Co Ltd at about 16.1B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥2.75; our models calculate a fair value of ¥1.90 per share.
What do the bullish and bearish scenarios say about 000620?
Our models span a range for Macrolink Real Estate Co Ltd: cautious scenario ¥1.43, base ¥1.90, optimistic ¥2.38 per share (as of Nov 10, 2026, price ¥2.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Macrolink Real Estate Co Ltd (000620)?
Balance-sheet figures for Macrolink Real Estate Co Ltd (as of Nov 10, 2026): return on equity −22.1%, debt of 0.29 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 000620 from its 52-week high?
Macrolink Real Estate Co Ltd trades at ¥2.75, about 29% below its 52-week high of ¥3.85 and 7% above the low of ¥2.56 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.90 is for.
Which stocks are comparable to Macrolink Real Estate Co Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CITIC 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 Macrolink Real Estate Co Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price ¥2.75, calculated fair value ¥1.90 (−31%), Quality Score 43/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Macrolink Real Estate 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 Macrolink Real Estate Co Ltd (000620)?
The closing price on Nov 11, 2026 was ¥2.75. Our estimate is ¥1.90, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Macrolink Real Estate Co Ltd right now?
The price sits above even our optimistic bull case (¥2.38). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Macrolink Real Estate Co Ltd

How large is the market capitalisation of Macrolink Real Estate Co Ltd (000620)?
The market capitalisation of Macrolink Real Estate Co Ltd is 16.1B CNY (≈ $2.4B). 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 Macrolink Real Estate Co Ltd (000620)?
The price-to-sales ratio of Macrolink Real Estate Co Ltd is 7.79 (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 Macrolink Real Estate Co Ltd (000620)?
Earnings per share at Macrolink Real Estate Co Ltd are ¥−0.1100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Macrolink Real Estate Co Ltd (000620)?
The dividend yield of Macrolink Real Estate Co Ltd is 0.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Macrolink Real Estate Co Ltd (000620)?
The net margin of Macrolink Real Estate Co Ltd is −46.7% (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 Macrolink Real Estate Co Ltd (000620)?
The return on equity (ROE) of Macrolink Real Estate Co Ltd is −22.1% (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 Macrolink Real Estate Co Ltd (000620)?
On an EBIT basis the return on assets of Macrolink Real Estate Co Ltd is −2.4% (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 Macrolink Real Estate Co Ltd (000620)?
The operating margin of Macrolink Real Estate Co Ltd is −10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Macrolink Real Estate Co Ltd (000620)?
Revenue at Macrolink Real Estate Co Ltd is growing +58.4% versus a year earlier (3y avg −31.2%). 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 Macrolink Real Estate Co Ltd (000620)?
Earnings per share at Macrolink Real Estate Co Ltd are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Macrolink Real Estate Co Ltd (000620) carry?
The net debt of Macrolink Real Estate Co Ltd is 277M CNY (fiscal year 2025, ≈ 1.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Macrolink Real Estate Co Ltd in the live analysis

One click puts Macrolink Real Estate Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.