Shenzhen Special Economic Zone Real Estate & Properties (Group) Co (000029) Fair Value & Analysis
Real Estate · CN · Market cap 25.6B CNY
Fair value as of: Jul 25, 2026
From 9 valuation models · updated 16 days ago
Share price −0.7% over the past month.
A solid business, but screening 79% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥5.88). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.
How to read this chart
60‑month range ¥5.90 – ¥33.53 · fair‑value band ¥3.31 – ¥5.88 · the ¥22.14 price screens above the ¥4.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.
Analysis
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co (000029) currently trades at ¥22.14, while our model-based Fair Value estimate is ¥4.60, implying the stock looks roughly 79.2% overvalued today. The Quality Score stands at 62/100 (solid 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: medium).
Over the trailing twelve months, Shenzhen Special Economic Zone Real Estate & Properties (Group) Co generated revenue of 1.2B CNY at a net margin of 1.9%. Revenue declined 79.6% year over year. It earns a return on equity of 0.7%. The balance sheet holds a net cash position of 285M CNY. Fundamentals as of Jul 25, 2026
Our scenario range runs from ¥3.31 (bear case) to ¥5.88 (bull case); at ¥22.14, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -29% fair-value upside, at -79%, 000029 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: Multiples (¥4.53) versus Dividend Discount (¥0.0600). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 49
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 Special Economic Zone Real Estate & Properties (Group) Co., Ltd. develops and sells residential real estate properties in the People's Republic of China and internationally.
Full company description
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. develops and sells residential real estate properties in the People's Republic of China and internationally. It also engages in the property leasing and management; sale of commercial housing units; retail and trade of commodities; hotel business; engineering construction; equipment installation and maintenance; construction; and interior decoration and other activities. The company was founded in 1980 and is headquartered in Shenzhen, the People's Republic of China. Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., 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 Special Economic Zone Real Estate & Properties (Group) Co reported revenue of ¥1.5B in FY2025 versus ¥1.3B in FY2021, a compound +2.8%/yr. Reported net income was ¥100.0M in FY2025, compounding −18.0%/yr from FY2021.
000029 screens 79% overvalued. Compare with Swiss Prime Site AG →
Peer Group
Real Estate - Diversified · 138 stocks
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.
Valuation Multiples vs Real Estate - Diversified median · lower = cheaper
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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Swiss Prime Site AG SPSN | CHF 129.20 | CHF 44.83 | -65% |
| Central Pattana Public Company CPN | 68.75 THB | 71.37 THB | +4% |
| Prestige Estates Projects Limited PRESTIGE | ₹1,733 | ₹645.21 | -63% |
| The Phoenix Mills Limited PHOENIXLTD | ₹2,076 | ₹701.74 | -66% |
| Fastighets AB BALDB | kr 50.42 | kr 70.70 | +40% |
| Umm Al Qura for Development and Construction Company 4325 | 16.39 SAR | 11.62 SAR | -29% |
| Hainan Airport Infrastructure Co 600515 | ¥2.89 | ¥0.3300 | -89% |
| Parque Arauco S.A PARAUCO | 3,940 CLP | 2,777 CLP | -30% |
| Corporación Inmobiliaria Vesta, S.A. VESTA | 59.57 MXN | 53.94 MXN | -9% |
| Catena AB CATE | kr 409.60 | kr 298.00 | -27% |
Compare Shenzhen Special Economic Zone Real Estate & Properties (Group) Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Shenzhen Special Economic Zone Real Estate & Properties (Group) Co (000029) overvalued or undervalued?
What is the fair value of 000029?
What is the quality score of 000029?
What is the revenue of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co (000029)?
What is the net profit margin of 000029?
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.
Track Shenzhen Special Economic Zone Real Estate & Properties (Group) Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.