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ShenZhen Properties & Resources Development (Group) Ltd (000011) Fair Value & Analysis

Real Estate · CN · Market cap 4.5B CNY

SP ShenZhen Properties & Resources Development (Group) Ltd 000011 · SHE
Price¥7.55
Fair Value¥1.09
Upside-85.6%
Quality38/100
Weak Growth
Thin margins · 0.1% net margin
Moderate debt · negative free cash flow
Trails peers (3/11)
Narrow moat 16/100
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Evidence: High Range ¥0.8200 – ¥2.55 Share as image

Fair value as of: Jul 25, 2026

From 17 valuation models · updated 4 days ago

Share price +13.9% over the past month.

What matters now

  • The price sits above even our optimistic bull case (¥2.55). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (¥0.8200 to ¥2.55). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

¥11.27 ¥6.37 Fair Value ¥1.09 Jun 2025 Jul 2026

12‑month range ¥6.37 – ¥11.27 · fair‑value band ¥0.8200 – ¥2.55 · the ¥7.55 price screens above the ¥1.09 fair value. As of Jul 25, 2026.

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Analysis

ShenZhen Properties & Resources Development (Group) Ltd (000011) currently trades at ¥7.55, while our model-based Fair Value estimate is ¥1.09, implying the stock looks roughly 85.6% overvalued today. We read business quality at 38/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ShenZhen Properties & Resources Development (Group) Ltd generated revenue of 2.4B CNY at a net margin of 0.1%. Revenue grew 12.7% year over year. It earns a return on equity of -0.9%. Net debt stands at 2.6B CNY. Fundamentals as of Jul 25, 2026

Our scenario range runs from ¥0.8200 (bear case) to ¥2.55 (bull case); at ¥7.55, the current price sits above that range. The share trades about 35% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 21% fair-value upside, at -86%, 000011 screens richer than that median.

Key figures & financial health

Revenue (TTM) 2.4B CNY
Revenue growth (YoY) +12.7%
Net margin 0.1%
Return on equity -0.9%
Free cash flow −2.1B CNY FY2025
Operating margin 1.3%
More key figures
EPS growth (YoY) +10.0%
Net debt 2.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100
Profitability 13
Quality Growth 48
Cashflow 0
Fin. Strength 30
Investment 100
Low Volatility 71
Momentum 25
52W Momentum 17
Net Issuance 82

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ShenZhen Properties & Resources Development (Group) Ltd. develops real estate properties in the People's Republic of China. It operates through Real Estate Business; Property Management; and Asset operation segments.

Full company description

ShenZhen Properties & Resources Development (Group) Ltd. develops real estate properties in the People's Republic of China. It operates through Real Estate Business; Property Management; and Asset operation segments. The company is involved in the development and sale of commercial and residential housing; leasing of real estate properties; development of residential, high-end apartments, office buildings, industrial parks, and has brand projects; management and construction of buildings; equipment maintenance for buildings, landscaping and gardening, and cleaning services; engineering supervision; and retail of Chinese cuisine, Western cuisine, and alcoholic beverages. It also offers Software and information technology services; Catering services; and Engineering supervision services; domestic trading and materials supply; and marketing, catering, project supervision, and other services. The company was founded in 1982 and is headquartered in Shenzhen, China. Shenzhen Properties & Resources Development (Group) Ltd. is a subsidiary of Shenzhen Investment Holdings Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ShenZhen Properties & Resources Development (Group) Ltd reported revenue of ¥2.4B in FY2025 versus ¥4.5B in FY2021, a compound −14.7%/yr. Reported net income was ¥33.9M in FY2025, compounding −57.4%/yr from FY2021.

Revenue −14.7%/yr
FY21 ¥4.5B
FY22 ¥3.7B
FY23 ¥3.0B
FY24 ¥2.7B
FY25 ¥2.4B
Net income −57.4%/yr
FY21 ¥1.0B
FY22 ¥537M
FY23 ¥464M
FY24 −¥1.1B
FY25 ¥33.9M

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Cite: Fair Value Calculator (2026). "ShenZhen Properties & Resources Development (Group) Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000011

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 / 55
FUTURE 64 / 0
PAST 0 / 9
HEALTH 38 / 85
DIVIDEND 0 / 40

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 146,800 VND 148,549 VND +1%
DLF Limited DLF ₹563.20 ₹215.17 -62%
Lodha Developers Limited LODHA ₹862.00 ₹721.45 -16%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,325 IDR 1,330 IDR -79%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,708 ₹2,070 +21%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 2,454 IDR +127%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,363 IDR +129%
PT Sentul City Tbk, BKSL 64.00 IDR 160.00 IDR +150%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

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Frequently asked questions

Is ShenZhen Properties & Resources Development (Group) Ltd (000011) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of ¥1.09 versus a price of ¥7.55, about −86% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 000011?
Our model-based fair value for ShenZhen Properties & Resources Development (Group) Ltd is ¥1.09 (as of Jul 25, 2026), built from audited fundamentals. The current price is ¥7.55.
What is the quality score of 000011?
ShenZhen Properties & Resources Development (Group) Ltd has a Quality Score of 38/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ShenZhen Properties & Resources Development (Group) Ltd (000011)?
ShenZhen Properties & Resources Development (Group) Ltd reported trailing-twelve-month revenue of about 2.4B CNY (latest available figure, as of Jul 25, 2026).
What is the net profit margin of 000011?
The net profit margin of ShenZhen Properties & Resources Development (Group) Ltd is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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