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STOCK COMPARISON

Shanghai SMI Holding Co vs DLF: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shanghai SMI Holding Co (600649) and DLF (DLF) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Shanghai SMI Holding Co as the less overvalued of the two: Shanghai SMI Holding Co trades at ¥3.63 versus a fair value of ¥2.62 (-28%), while DLF trades at ₹642 versus ₹159 (-75%).
Shanghai SMI Holding Co
600649.SHG · CNY · Real Estate
-28%
upside to fair value
overvalued
Price¥3.63
Fair Value¥2.62
Quality51/100
DLF
DLF.NSE · INR · Real Estate
-75%
upside to fair value
overvalued
Price₹642
Fair Value₹159
Quality67/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shanghai SMI Holding CoDLF
Valuation
33.0×P/E (TTM)36.8×
0.70×P/S (TTM)19.87×
0.43×P/B3.58×
20.8×EV/EBITDA
2.09×PEG0.14×
1.1%Dividend yield1.2%
¥0.04Dividend per share₹8.00
Profitability
2%Net margin54%
24%Operating margin21%
1%Return on equity10%
1%Return on assets1%
Growth
-64%Revenue growth (YoY)-42%
19.4%Avg. growth/yr (3Y)12.9%
17.0%Avg. growth/yr (5Y)8.6%
Balance & size
1.47×Debt / equity
$1BMarket cap$17B
mixedGrowth qualityhealthy

Even match: 6 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shanghai SMI Holding Coof which business quality 51 · market factors 30 DLFof which business quality 66 · market factors 48
ProfitabilityMargins and returns on capital today
62
39
Quality GrowthAre margins and returns improving?
84
44
CashflowEarnings quality: real cash, not paper profit
57
98
Fin. StrengthBalance sheet, leverage, solvency risk
23
63
InvestmentDisciplined investing over empire-building
92
70
Low VolatilityCalm price path (market factor)
74
84
MomentumPrice trend over the last 3–12 months (market factor)
12
36
52W MomentumDistance to the 52-week high (market factor)
11
28
Net IssuanceBuybacks instead of dilution
0
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shanghai SMI Holding Co

DCF Models¥7.92
Dividend Discount¥0.65
Multiples¥9.58
Asset-Based¥5.63
Growth DCF¥9.35
Economic Profit¥153

5 of 15 models see the stock below the current price.

DLF

DCF Models₹327
Dividend Discount₹111
Multiples₹147
Asset-Based₹123
Growth DCF₹639
Economic Profit₹181

14 of 15 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shanghai SMI Holding Co
Bear ¥1.97Fair Value ¥2.62Bull ¥2.62
¥3.63 = current price (white tick)
DLF
Bear ₹117Fair Value ₹159Bull ₹327
₹642 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shanghai SMI Holding Co · Real Estate

Quality score51 · below median
Fair value upside-28% · below median

DLF · Real Estate

Quality score67 · Top 25%
Fair value upside-75% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Shanghai SMI Holding Co as the less overvalued of the two: Shanghai SMI Holding Co trades at ¥3.63 versus a fair value of ¥2.62 (-28%), while DLF trades at ₹642 versus ₹159 (-75%).

DLF has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.