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Tianjin Economic-technological Development Area Co Ltd (000652) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Tianjin Economic-technological Development Area Co Ltd stock ¥3.43, price ¥3.12, upside +10.0%, quality 37 out of 100. Rating: fairly valued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials CN · ISIN CNE0000005D5

TE Tianjin Economic-technological Development Area Co Ltd logo Thin data Nov 4, 2026

Tianjin Economic-technological Development Area Co Ltd

000652 · SHE
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value ¥3.43 · Fairly valued (+10.0%)
Revenue last quarter 79% below a year ago.
Quality 37/100
Weak Growth (revenue 5y −1.1 %/yr in CNY)
Loss-making · -2.7% net margin (TTM)
High debt
Negative free cash flow
Trails peers (2/11)
Narrow moat 18/100 · thin data
Thin data
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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

¥5.00 ¥2.89 Fair Value ¥3.43 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range ¥2.89 – ¥5.00 · fair‑value band ¥1.84 – ¥4.87 · the ¥3.12 price screens below the ¥3.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Tianjin TEDA Resources Recycling Group Co., Ltd. engages in ecological environmental protection, regional development, energy trade wholesale, real estate and textile sale, and other industrial fields in China.

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It also engages in domestic waste incineration power generation and sanitary landfill, straw incineration power generation, and coordinated disposal of food waste sludge.

The company also trades non-ferrous metals, such as electrolytic copper, alumina, aluminum ingots, zinc oxide, zinc concentrate, zinc ingots; ferrous metals, including strip steel, manganese ore, silicon-manganese alloy; and petrochemical products comprise fuel oil, polyethylene, polypropylene, and phenols, as well as involved in equity investment.

The company was formerly known as Tianjin TEDA Co., Ltd. and changed its name to Tianjin TEDA Resources Recycling Group Co., Ltd. in July 2025. Tianjin TEDA Resources Recycling Group Co., Ltd. was founded in 1981 and is based in Tianjin, China.

Stock analysis

Tianjin Economic-technological Development Area Co Ltd (000652) currently trades at ¥3.12, while our model-based Fair Value estimate is ¥3.43, so the stock looks roughly fairly valued today (gap 9.1%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 90/100, which puts the data coverage at low.

Scenario range: ¥1.84 (bear) to ¥4.87 (bull), the price of ¥3.12 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 37/100 (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.

Tianjin Economic-technological Development Area Co Ltd reported revenue of 17.9B CNY in FY2025 versus 21.2B CNY in FY2021, a compound −4.2%/yr. Reported net income was −286M CNY in FY2025.

Key figures

Market cap 4.6B CNY (≈ $691M) Small · P/S ratio 0.41 · EPS (TTM) ¥−0.2000 · Net margin −2.7% · Return on equity −7.9% · Return on assets (EBIT) 0.9% (5-year average) · Operating margin 8.1% · Revenue (TTM) 11.1B CNY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 10%, 000652 screens cheaper than that median.

Fair Value models

Bear ¥1.84 Fair Value ¥3.43 Bull ¥4.87
Price ¥3.12 · Upside +10.0%
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.
Best data coverage
Gordon GGM ¥6.73 ¥12.55 ¥17.82 67
DDM Multi-Stage ¥6.73 ¥11.25 ¥13.36 67
All 2 models by family
Dividend Discount
Gordon GGM ¥6.73 ¥12.55 ¥17.82 67
DDM Multi-Stage ¥6.73 ¥11.25 ¥13.36 67

The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

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

Profitability 10
How much profit the company makes from its sales and capital
Quality Growth 45
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 8
Debt, balance sheet and risk of trouble
Investment 95
Does it invest with discipline instead of growing at any price?
Low Volatility 82
How calm the share price moves, does not count
Price momentum 18
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 82
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. 2/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.3%
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.
−4.1%
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.
−1.1%
Start year 2020 (pandemic). Over 10 years: +6.3% 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.
+16.8%
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.
1.5% (2020) → 3.7% (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

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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.Conglomerates · 305 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +10.0% · Below median
Profitability
Return on assets −0.7% · Bottom 25%
Net margin (12 months) −2.7% · Bottom 25%
Operating margin (12 months) 8.1% · Above median
Growth and dividend
Revenue growth (quarter YoY) −79.0% · Bottom 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 1.76× · Highest 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/B 0.85× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 0.42× · Cheapest 25%
EV/EBITDA 12.9× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)47 · sector 51
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 29
HEALTH (low debt)12 · sector 89
DIVIDEND (yield)0 · sector 46

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
PT Astra International Tbk, ASII 5,000 IDR 9,860 IDR +97% vs 000652
SK Inc 034730 445,000 KRW 632,391 KRW +42% vs 000652
Honeywell International Inc HON $220.05 $245.42 +12% vs 000652
Kingdom Holding 4280 12.16 SAR 13.40 SAR +10% vs 000652
Jardine Matheson Holdings J36 $60.84 $66.74 +10% vs 000652
SGH Limited SGH A$42.46 A$34.87 −18% vs 000652
Keppel Ltd BN4 9.45 SGD 3.87 SGD −59% vs 000652
3M Company MMM $185.15 $73.02 −61% vs 000652
Swire Pacific Limited 0019 HK$112.20 HK$27.75 −75% vs 000652
Doosan Corporation 000150 638,000 KRW 95,752 KRW −85% vs 000652

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Tianjin Economic-technological Development Area Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Tianjin Economic-technological Development Area Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000652

Frequently asked questions

Is Tianjin Economic-technological Development Area Co Ltd (000652) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ¥3.43 versus a price of ¥3.12, about +10% upside (fairly valued).
What is the fair value of 000652?
Our model-based fair value for Tianjin Economic-technological Development Area Co Ltd is ¥3.43 (as of Nov 4, 2026), built from audited fundamentals. The current price: ¥3.12.
What is the quality score of 000652?
Tianjin Economic-technological Development Area Co Ltd has a Quality Score of 37/100. 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 Tianjin Economic-technological Development Area Co Ltd (000652)?
Our model-based price target is the fair value of ¥3.43 (as of Nov 4, 2026) from 2 valuation models. Cautious scenario ¥1.84, optimistic scenario ¥4.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Tianjin Economic-technological Development Area Co Ltd stock forecast for 2026?
Our models put fair value at ¥3.43, about +10% upside versus a price of ¥3.12 (fairly valued). Cautious scenario ¥1.84, optimistic scenario ¥4.87. The calculation is refreshed regularly with new filings.
What is the revenue of Tianjin Economic-technological Development Area Co Ltd (000652)?
Tianjin Economic-technological Development Area Co Ltd reported trailing-twelve-month revenue of about 11.1B CNY (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Tianjin Economic-technological Development Area Co Ltd (000652)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tianjin Economic-technological Development Area Co Ltd it is ¥3.43 per share (as of Nov 4, 2026), against a price of ¥3.12. It is the blended result of 2 valuation models in 1 family (Dividend Discount).
Is Tianjin Economic-technological Development Area Co Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 000652 trades below its calculated fair value: price ¥3.12, fair value ¥3.43, a gap of about +10% (fairly valued). 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 000652?
No. The price is what the market pays today (¥3.12); the fair value is what the company's own numbers justify (¥3.43). For Tianjin Economic-technological Development Area Co Ltd the two are ¥0.3120 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tianjin Economic-technological Development Area Co Ltd worth?
The market values Tianjin Economic-technological Development Area Co Ltd at about 4.6B CNY (market capitalisation, as of Nov 4, 2026). Per share that is ¥3.12; our models calculate a fair value of ¥3.43 per share.
What do the bullish and bearish scenarios say about 000652?
Our models span a range for Tianjin Economic-technological Development Area Co Ltd: cautious scenario ¥1.84, base ¥3.43, optimistic ¥4.87 per share (as of Nov 4, 2026, price ¥3.12). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tianjin Economic-technological Development Area Co Ltd (000652)?
Balance-sheet figures for Tianjin Economic-technological Development Area Co Ltd (as of Nov 4, 2026): return on equity −7.9%, debt of 1.76 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 000652 from its 52-week high?
Tianjin Economic-technological Development Area Co Ltd trades at ¥3.12, about 34% below its 52-week high of ¥4.74 and 3% above the low of ¥3.03 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.43 is for.
Which stocks are comparable to Tianjin Economic-technological Development Area Co Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Tianjin Economic-technological Development Area Co Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price ¥3.12, calculated fair value ¥3.43 (+10%), Quality Score 37/100, from 2 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 000652 calculated?
We run Tianjin Economic-technological Development Area Co Ltd through 2 models from 1 family: Dividend Discount. Every model gets the same audited fundamentals; the fair value of ¥3.43 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 13.0% above its aggregate fair value. Tianjin Economic-technological Development Area Co Ltd currently trades 9% below its own fair value, and the market average says nothing about that. 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 Tianjin Economic-technological Development Area Co Ltd (000652)?
The closing price on Nov 6, 2026 was ¥3.12. Our model-based fair value is ¥3.43, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tianjin Economic-technological Development Area Co Ltd right now?
The model range is unusually wide (¥1.84 to ¥4.87). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Tianjin Economic-technological Development Area Co Ltd (000652) come from?
Earnings per share at Tianjin Economic-technological Development Area Co Ltd grew −1.7 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.5 %, EBIT margin −10.7 %, tax rate −1.0 %, residual (interest, one-offs) −0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Tianjin Economic-technological Development Area Co Ltd

How large is the market capitalisation of Tianjin Economic-technological Development Area Co Ltd (000652)?
The market capitalisation of Tianjin Economic-technological Development Area Co Ltd is 4.6B CNY (≈ $691M). 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 Tianjin Economic-technological Development Area Co Ltd (000652)?
The price-to-sales ratio of Tianjin Economic-technological Development Area Co Ltd is 0.41 (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 Tianjin Economic-technological Development Area Co Ltd (000652)?
Earnings per share at Tianjin Economic-technological Development Area Co Ltd are ¥−0.2000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tianjin Economic-technological Development Area Co Ltd (000652)?
The net margin of Tianjin Economic-technological Development Area Co Ltd is −2.7% (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 Tianjin Economic-technological Development Area Co Ltd (000652)?
The return on equity (ROE) of Tianjin Economic-technological Development Area Co Ltd is −7.9% (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 Tianjin Economic-technological Development Area Co Ltd (000652)?
On an EBIT basis the return on assets of Tianjin Economic-technological Development Area Co Ltd is 0.9% (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 Tianjin Economic-technological Development Area Co Ltd (000652)?
The operating margin of Tianjin Economic-technological Development Area Co Ltd is 8.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tianjin Economic-technological Development Area Co Ltd (000652)?
Revenue at Tianjin Economic-technological Development Area Co Ltd is growing −79.0% versus a year earlier (3y avg −4.1%). 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 Tianjin Economic-technological Development Area Co Ltd (000652)?
Earnings per share at Tianjin Economic-technological Development Area Co Ltd are growing −19.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tianjin Economic-technological Development Area Co Ltd (000652) generate?
The free cash flow of Tianjin Economic-technological Development Area Co Ltd is −608M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tianjin Economic-technological Development Area Co Ltd (000652) carry?
The net debt of Tianjin Economic-technological Development Area Co Ltd is 15.4B CNY (fiscal year 2025). 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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