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5i5j Holding (000560) Fair Value & Analysis

Real Estate · CN · Market cap 5.5B CNY

5H 5i5j Holding 000560 · SHE
Price¥2.18
Fair Value¥1.42
Upside-34.9%
Quality61/100
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Mixed Growth
Loss-making · -1.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 13/100
Evidence: High Range ¥0.5900 – ¥1.53 Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Share price +8.5% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.53). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥0.5900 to ¥1.53) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

¥5.02 ¥1.45 Fair Value ¥1.42 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥1.45 – ¥5.02 · fair‑value band ¥0.5900 – ¥1.53 · the ¥2.18 price screens above the ¥1.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

5i5j Holding (000560) currently trades at ¥2.18, while our model-based Fair Value estimate is ¥1.42, implying the stock looks roughly 34.9% overvalued today. The Quality Score stands at 61/100 (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: high).

Over the trailing twelve months, 5i5j Holding generated revenue of 9.8B CNY at a net margin of -1.0%. Revenue declined 23.4% year over year. It earns a return on equity of -1.0%. Net debt stands at 3.0B CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥0.5900 (bear case) to ¥1.53 (bull case); at ¥2.18, 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -35%, 000560 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥25.17 ¥47.74 ¥88.32 80
Residual Income ¥2.68 ¥2.50 ¥1.75 76
Rev-Margin DCF ¥8.96 ¥11.92 ¥16.13 74
All 26 models by family
DCF Models
FCF DCF ¥26.25 ¥43.63 ¥90.20 38
Owner Earnings ¥33.06 ¥70.17 ¥143.59 31
5Y Revenue Exit ¥8.96 ¥11.24 ¥14.41 39
5Y EBITDA Exit ¥23.24 ¥42.64 ¥74.52 41
5Y P/E Exit ¥8.89 ¥11.48 ¥14.01 38
10Y Revenue Exit ¥14.26 ¥19.47 ¥24.19 36
10Y EBITDA Exit ¥24.03 ¥45.12 ¥82.09 37
10Y P/E Exit ¥14.23 ¥19.35 ¥26.11 35
Earnings-Based
Graham-Dodd ¥0.2100 ¥1.42 ¥1.99 54
Lynch FV ¥0.4200 ¥0.5900 ¥0.7700 50
PEG = 1.0 ¥0.4200 ¥0.5900 ¥0.7700 46
EPV ¥1.37 ¥1.42 ¥1.47 59
Dividend Discount
Gordon GGM ¥0.4400 ¥0.8800 ¥1.33 70
DDM Multi-Stage ¥0.4400 ¥0.7600 ¥0.9300 61
Multiples
P/E Multiple ¥0.5100 ¥0.6900 ¥0.8600 63
P/S Multiple ¥0.4000 ¥0.5300 ¥0.6600 58
P/B Multiple ¥0.4000 ¥0.5300 ¥0.6600 55
EV/EBIT ¥1.86 ¥2.14 ¥2.42 53
EV/EBITDA ¥22.66 ¥29.87 ¥37.09 54
EV/Revenue ¥1.58 ¥1.82 ¥2.07 43
Asset-Based
NCAV (Graham) ¥1.99 ¥2.67 ¥3.98 50
Growth DCF
Growth DCF ¥25.17 ¥47.74 ¥88.32 80
Rev-Margin DCF ¥8.96 ¥11.92 ¥16.13 74
Economic Profit
Residual Income ¥2.68 ¥2.50 ¥1.75 76
ROIC Compounder ¥1.37 ¥1.42 ¥1.47 72
Growth Earnings
Growth-Adj P/E ¥0.5900 ¥0.8400 ¥1.09 68

Widest divergence: DCF Models (¥19.47) versus Earnings-Based (¥0.5900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.8B CNY
Revenue growth (YoY) -23.4%
Net margin -1.0%
Return on equity -1.0%
Free cash flow 4.1B CNY FY2024
Operating margin -4.7%
More key figures
EPS (TTM) ¥-0.0400
EPS growth (YoY) -14.8%
Net debt 3.0B CNY FY2024

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 24

Profitability 17
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

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

5i5j Holding Group Co., Ltd. provides real estate brokerage services in China and internationally. It provides also offers housing asset management, commercial asset management, and post-house derivative services.

Full company description

5i5j Holding Group Co., Ltd. provides real estate brokerage services in China and internationally. It provides also offers housing asset management, commercial asset management, and post-house derivative services. The company offers digital smart products, such as online real estate dictionary, VR viewing, smart recommendation, IM tools, broker operation platform, online signing, smart customer service, and other digital smart products. In addition, it is involved in the second-hand housing brokerage business includes buying and selling brokerage and leasing brokerage services. Further, the company provides housing asset management services under the Xiangyu brand. The company was formerly known as Kunming Sinobright (Group) Co., Ltd. and changed its name to 5i5j Holding Group Co., Ltd. in April 2018. 5i5j Holding Group Co., Ltd. was founded in 1959 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

5i5j Holding reported revenue of ¥12.5B in FY2024 versus ¥9.6B in FY2020, a compound +7.0%/yr. Reported net income was ¥73.4M in FY2024, compounding −30.4%/yr from FY2020.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
12.5B CNY
Latest YoY
+3.7%
Avg. growth/yr (3Y)
+1.6%
Avg. growth/yr (5Y)
+2.3%
Avg. growth/yr (34Y)
+13.7%
Revenue +7.0%/yr
FY20 ¥9.6B
FY21 ¥12.0B
FY22 ¥11.7B
FY23 ¥12.1B
FY24 ¥12.5B
Net income −30.4%/yr
FY20 ¥312M
FY21 ¥166M
FY22 −¥310M
FY23 −¥848M
FY24 ¥73.4M

000560 screens 35% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "5i5j Holding Fair Value". https://www.fairvalue-calculator.com/stock/000560

Peer Group

Real Estate Services · 521 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.

Quality Score 62 · Above median
Fair Value upside −35% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -5% · Bottom 25%
Revenue growth -23% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers

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 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 95 · sector 85
DIVIDEND 0 · sector 49

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.

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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is 5i5j Holding (000560) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥1.42 versus a price of ¥2.18, about −35% (overvalued).
What is the fair value of 000560?
Our model-based fair value for 5i5j Holding is ¥1.42 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥2.18.
What is the quality score of 000560?
5i5j Holding has a Quality Score of 61/100. 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 revenue of 5i5j Holding (000560)?
5i5j Holding reported trailing-twelve-month revenue of about 9.8B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 000560?
The net profit margin of 5i5j Holding is about -1.0%, meaning it is currently running at a net loss. 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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