Shunfa Hengye Corp (000631) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Shunfa Hengye Corp ¥1.52, price ¥3.09, upside -50.8%, quality 42 out of 100. 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥2.18 – ¥5.46 · the ¥3.09 price screens above the ¥1.52 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. Dashed = 300-day average. As of Sep 24, 2026.
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Shunfa Hengneng Corporation engages in the real estate development and operation business. The company primarily develops residential real estate projects.
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Shunfa Hengneng Corporation engages in the real estate development and operation business. The company primarily develops residential real estate projects. It also engages in the natural gas power generation and on-grid sales; supporting mechanical and electrical equipment production and sales; and sale of hot water produced by waste heat, as well as power grid auxiliary service project development, operation, maintenance, and technical services. In addition, the company offers development and sales of real estate; property management business; canteen catering services; wind power generation, such as wind power, solar energy and other clean energy power generation business; and comprehensive smart energy services. The company was formerly known as Shunfa Hengye Corporation and changed its name to Shunfa Hengneng Corporation in July 2024. The company was founded in 1993 and is based in Zhangzhou, China. Shunfa Hengneng Corporation is a subsidiary of Wanxiang Group Corporation.
Stock analysis
Shunfa Hengye Corp (000631) currently trades at ¥3.09, while our model-based Fair Value estimate is ¥1.52, implying the stock looks roughly 103.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥2.36 per share, and 1 of the 7 models we run sit above the ¥3.09 price.
Bear case: the Economic Profit group reads lowest at ¥1.48, and 6 of the 7 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shunfa Hengye Corp reported revenue of 493M CNY in FY2025 versus 272M CNY in FY2021, a compound +16.0%/yr. Reported net income was 59.0M CNY in FY2025, compounding −11.4%/yr from FY2021.
Key figures
Market cap 7.4B CNY (≈ $1.1B) · P/E ratio 154.5 · P/S ratio 18.5 · EPS (TTM) ¥0.0200 · Dividend yield 0.5% · Net margin 12.0% · Return on equity 1.2% · Return on assets (EBIT) 2.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −51%, 000631 screens richer than that median.
Fair Value models
Bear ¥1.52Fair Value ¥1.52Bull ¥1.52
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0037 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.11/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+57.4%
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.
+17.1%
Revenue growth 5 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.
−5.4%
Start year 2020 (pandemic). Over 10 years: −17.7% a year
Revenue growth 30 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.
+4.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−25.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−25.9%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26% vs −17%, slowing
Profit margin 2020 to 2025 ⓘ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.59% → 10%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 18.5%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 - Development · 578 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−51% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Below median
Net margin (TTM)10% · Above median
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth−25% · Below median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.03× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)154.5× · Priciest 25%
P/B1.26× · Priciest 25%
P/S (TTM)16.14× · Priciest 25%
EV/EBITDA17.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)0· sector 0
PAST (return on equity)5· sector 11
HEALTH (low debt)98· sector 83
DIVIDEND (yield)10· sector 56
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Shunfa Hengye Corp (000631) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.52 versus a price of ¥3.09, about −51% upside (overvalued).
What is the fair value of 000631?
Our model-based fair value for Shunfa Hengye Corp is ¥1.52 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥3.09.
What is the quality score of 000631?
Shunfa Hengye Corp 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 Shunfa Hengye Corp (000631)?
Our model-based price target is the fair value of ¥1.52 (as of Sep 24, 2026) from 7 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Shunfa Hengye Corp stock forecast for 2026?
Our models put fair value at ¥1.52, about −51% upside versus a price of ¥3.09 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Shunfa Hengye Corp (000631)?
Shunfa Hengye Corp reported trailing-twelve-month revenue of about 459M CNY (latest available figure, as of Sep 24, 2026).
Does Shunfa Hengye Corp pay a dividend?
Shunfa Hengye Corp currently shows a dividend yield of about 0.49% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shunfa Hengye Corp (000631)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shunfa Hengye Corp it is ¥1.52 per share (as of Sep 24, 2026), against a price of ¥3.09. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Shunfa Hengye Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000631 trades above its calculated fair value: price ¥3.09, fair value ¥1.52, a gap of about −51% (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 000631?
No. The price is what the market pays today (¥3.09); the fair value is what the company's own numbers justify (¥1.52). For Shunfa Hengye Corp the two are ¥1.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shunfa Hengye Corp worth?
The market values Shunfa Hengye Corp at about 7.4B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥3.09; our models calculate a fair value of ¥1.52 per share.
What is the P/E ratio of 000631?
Shunfa Hengye Corp trades at a price-to-earnings ratio of 154.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥1.52 is built from several models across several years. Other multiples: P/B 1.3, P/S 16.1, EV/EBITDA 17.5.
How solid is the balance sheet of Shunfa Hengye Corp (000631)?
Balance-sheet figures for Shunfa Hengye Corp (as of Sep 24, 2026): return on equity 1.2%, debt of 0.03 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 000631 from its 52-week high?
Shunfa Hengye Corp trades at ¥3.09, about 28% below its 52-week high of ¥4.27 and 10% above the low of ¥2.81 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.52 is for.
Which stocks are comparable to Shunfa Hengye Corp?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Shunfa Hengye Corp stock attractive at the current price?
The data as of Sep 24, 2026: price ¥3.09, calculated fair value ¥1.52 (−51%), Quality Score 42/100, from 7 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 000631 calculated?
We run Shunfa Hengye Corp through 7 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 ¥1.52, 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 14.1 % above its aggregate fair value. Shunfa Hengye Corp 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 Shunfa Hengye Corp (000631)?
The closing price on Sep 22, 2026 was ¥3.09. Our model-based fair value is ¥1.52, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shunfa Hengye Corp right now?
The price sits above even our optimistic bull case (¥1.52). 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Shunfa Hengye Corp (000631) come from?
Earnings per share at Shunfa Hengye Corp grew −10.5 % a year from 2013 to 2024. Broken into its drivers: revenue per share −14.3 %, EBIT margin +4.7 %, tax rate −0.4 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shunfa Hengye Corp
How large is the market capitalisation of Shunfa Hengye Corp (000631)?
The market capitalisation of Shunfa Hengye Corp is 7.4B CNY (≈ $1.1B). 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 Shunfa Hengye Corp (000631)?
The price-to-sales ratio of Shunfa Hengye Corp is 18.5 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shunfa Hengye Corp (000631)?
Earnings per share at Shunfa Hengye Corp are ¥0.0200 (price ÷ EPS = P/E 154.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shunfa Hengye Corp (000631)?
The dividend yield of Shunfa Hengye Corp is 0.5% (payout 75.0%). 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 net margin of Shunfa Hengye Corp (000631)?
The net margin of Shunfa Hengye Corp is 12.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shunfa Hengye Corp (000631)?
The return on equity (ROE) of Shunfa Hengye Corp is 1.2% (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 Shunfa Hengye Corp (000631)?
On an EBIT basis the return on assets of Shunfa Hengye Corp is 2.5% (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 Shunfa Hengye Corp (000631)?
The operating margin of Shunfa Hengye Corp is 11.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shunfa Hengye Corp (000631)?
Revenue at Shunfa Hengye Corp is growing −24.8% versus a year earlier (3y avg +17.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shunfa Hengye Corp (000631)?
Earnings per share at Shunfa Hengye Corp are growing −70.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shunfa Hengye Corp (000631) generate?
The free cash flow of Shunfa Hengye Corp is −142M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Shunfa Hengye Corp (000631) hold?
Shunfa Hengye Corp holds more cash than debt, 5.1B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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