Beijing Mainstreets Investment (000609) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Beijing Mainstreets Investment stock ¥5.71, price ¥8.87, upside -35.6%, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 27, 2026.
How to read this chart
60‑month range ¥1.21 – ¥16.32 · fair‑value band ¥3.36 – ¥6.74 · the ¥8.87 price screens above the ¥5.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 27, 2026.
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Beijing Zodi Investment Co., Ltd., together with its subsidiaries, engages in real estate development business in China. It is involved in investment consulting and management; architectural decoration; restaurant management; finance lease; and technical services.
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The company was formerly known as Beijing Soft Rock Investment Group Corporation and changed its name to Beijing Zodi Investment Co., Ltd. in March 2018. Beijing Zodi Investment Co., Ltd. was founded in 1993 and is headquartered in Beijing, China.
Stock analysis
Beijing Mainstreets Investment (000609) currently trades at ¥8.87, while our model-based Fair Value estimate is ¥5.71, 35.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥5.71 per share, and 0 of the 6 models we run sit above the ¥8.87 price.
Bear case: the Multiples group reads lowest at ¥1.77, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥3.36 (bear) to ¥6.74 (bull), the price of ¥8.87 sits above 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 42/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2016: revenue and profit before it include the divested business. Growth is measured afresh from 2016.
Beijing Mainstreets Investment reported revenue of 208M CNY in FY2025 versus 785M CNY in FY2021, a compound −28.3%/yr. Reported net income was −418M CNY in FY2025.
Key figures
Market cap 2.7B CNY (≈ $399M) Small · P/S ratio 10.9 · EPS (TTM) ¥−1.54 · Dividend yield 1.0% · Return on equity −214% · Return on assets (EBIT) −7.9% · Operating margin 0.1% · Revenue (TTM) 253M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 7 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −12% fair-value upside, at −36%, 000609 screens richer than that median.
Fair Value models
Bear¥3.36Fair Value ¥5.71Bull¥6.74
Price ¥8.87 · Upside -35.6%
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.
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.55/100
Spin-off in 2016: revenue and profit before it include the divested business. Growth is measured afresh from 2016.
Revenue growth 1 year
−32.0%
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.
−21.4%
Revenue growth 9 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.
+5.2%
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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.
−276.4% (2020) → −21.3% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+40.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +38.5% a year for the price.
Compare Beijing Mainstreets Investment with another stock
Price, fair value, quality and upside side by side.
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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.Real Estate Services · 527 stocks
Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−35.6% · Below median
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−23.6% · Bottom 25%
Net margin (12 months)−173.6% · Bottom 25%
Operating margin (12 months)0.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−47.9% · Bottom 25%
Dividend yield (12 months)1.0% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)10.51× · Priciest 25%
Price / free cash flow66.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)0· sector 19
PAST (return on equity)0· sector 16
HEALTH (low debt)0· sector 83
DIVIDEND (yield)21· sector 64
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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Is Beijing Mainstreets Investment (000609) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of ¥5.71 versus a price of ¥8.87, about −36% upside (overvalued).
What is the fair value of 000609?
Our model-based fair value for Beijing Mainstreets Investment is ¥5.71 (as of Oct 27, 2026), built from audited fundamentals. The current price: ¥8.87.
What is the quality score of 000609?
Beijing Mainstreets Investment has a Quality Score of 42/100. 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 Beijing Mainstreets Investment (000609)?
Our model-based price target is the fair value of ¥5.71 (as of Oct 27, 2026) from 6 valuation models. Cautious scenario ¥3.36, optimistic scenario ¥6.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Beijing Mainstreets Investment stock forecast for 2026?
Our models put fair value at ¥5.71, about −36% upside versus a price of ¥8.87 (overvalued). Cautious scenario ¥3.36, optimistic scenario ¥6.74. The calculation is refreshed regularly with new filings.
What is the revenue of Beijing Mainstreets Investment (000609)?
Beijing Mainstreets Investment reported trailing-twelve-month revenue of about 253M CNY (latest available figure, as of Oct 27, 2026).
Does Beijing Mainstreets Investment pay a dividend?
Beijing Mainstreets Investment currently shows a dividend yield of 1.05% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Beijing Mainstreets Investment (000609)?
For today's price to be fair in a discounted-cash-flow model, Beijing Mainstreets Investment would have to grow free cash flow by +40.8 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.4 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 000609 use?
Our models discount Beijing Mainstreets Investment at 12.6 %: a base by market capitalisation (small), damped by beta 1.22, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Beijing Mainstreets Investment that is +40.8 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Beijing Mainstreets Investment (000609) delivered so far?
Over the past 5 years revenue at Beijing Mainstreets Investment grew +14.4 % a year. The price currently implies +40.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Beijing Mainstreets Investment (000609) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into Beijing Mainstreets Investment (+40.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Beijing Mainstreets Investment (000609)?
The free-cash-flow yield on the price is 1.51 %: that much free cash flow Beijing Mainstreets Investment produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Beijing Mainstreets Investment (000609)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Beijing Mainstreets Investment it is ¥5.71 per share (as of Oct 27, 2026), against a price of ¥8.87. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Beijing Mainstreets Investment stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 000609 trades above its calculated fair value: price ¥8.87, fair value ¥5.71, a gap of about −36% (overvalued). 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 000609?
No. The price is what the market pays today (¥8.87); the fair value is what the company's own numbers justify (¥5.71). For Beijing Mainstreets Investment the two are ¥3.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Beijing Mainstreets Investment worth?
The market values Beijing Mainstreets Investment at about 2.7B CNY (market capitalisation, as of Oct 27, 2026). Per share that is ¥8.87; our models calculate a fair value of ¥5.71 per share.
What do the bullish and bearish scenarios say about 000609?
Our models span a range for Beijing Mainstreets Investment: cautious scenario ¥3.36, base ¥5.71, optimistic ¥6.74 per share (as of Oct 27, 2026, price ¥8.87). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Beijing Mainstreets Investment (000609)?
Balance-sheet figures for Beijing Mainstreets Investment (as of Oct 27, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 000609 from its 52-week high?
Beijing Mainstreets Investment trades at ¥8.87, about 46% below its 52-week high of ¥16.32 and 35% above the low of ¥6.57 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.71 is for.
Which stocks are comparable to Beijing Mainstreets Investment?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Beijing Mainstreets Investment stock attractive at the current price?
The data as of Oct 27, 2026: price ¥8.87, calculated fair value ¥5.71 (−36%), Quality Score 42/100, from 6 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 000609 calculated?
We run Beijing Mainstreets Investment through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥5.71, 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 13.3 % above its aggregate fair value. Beijing Mainstreets Investment itself currently trades above fair value. 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 Beijing Mainstreets Investment (000609)?
The closing price on Oct 29, 2026 was ¥8.87. Our model-based fair value is ¥5.71, about −36% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Beijing Mainstreets Investment right now?
The price sits above even our optimistic bull case (¥6.74). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥3.36 to ¥6.74) leaves room in how you read the outcome.
Key figures of Beijing Mainstreets Investment
How large is the market capitalisation of Beijing Mainstreets Investment (000609)?
The market capitalisation of Beijing Mainstreets Investment is 2.7B CNY (≈ $399M). 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 Beijing Mainstreets Investment (000609)?
The price-to-sales ratio of Beijing Mainstreets Investment is 10.9 (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 Beijing Mainstreets Investment (000609)?
Earnings per share at Beijing Mainstreets Investment are ¥−1.54. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Beijing Mainstreets Investment (000609)?
The dividend yield of Beijing Mainstreets Investment is 1.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of Beijing Mainstreets Investment (000609)?
The return on equity (ROE) of Beijing Mainstreets Investment is −214% (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 Beijing Mainstreets Investment (000609)?
On an EBIT basis the return on assets of Beijing Mainstreets Investment is −7.9% (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 Beijing Mainstreets Investment (000609)?
The operating margin of Beijing Mainstreets Investment is 0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Beijing Mainstreets Investment (000609)?
Revenue at Beijing Mainstreets Investment is growing −47.9% versus a year earlier (3y avg −21.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Beijing Mainstreets Investment (000609) hold?
Beijing Mainstreets Investment holds more cash than debt, 6.9M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 27, 2026