Tieling Newcity Investment Holding Ltd (000809) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Tieling Newcity Investment Holding Ltd stock ¥0.46, price ¥3.29, upside -86.0%, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ¥1.46 – ¥4.37 · fair‑value band ¥0.3000 – ¥0.5800 · the ¥3.29 price screens above the ¥0.4600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Liaoning HeZhan Energy Group Co., Ltd. engages in the manufacture of wind turbine mixing tower equipment and new energy investment and development business in China. It manufactures and sells wind turbine steel-concrete towers and provides wind turbine steel-concrete tower solutions.
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The company is also involved in land development, urban water supply, sewage treatment, taxi service, advertising, and media businesses. In addition, it engages in car rental, new energy development, and construction businesses.
The company was formerly known as Tieling Newcity Investment Holding (Group) Limited and changed its name to Liaoning HeZhan Energy Group Co., Ltd. in May 2024. Liaoning HeZhan Energy Group Co., Ltd. was founded in 1996 and is based in Tieling, China.
Stock analysis
Tieling Newcity Investment Holding Ltd (000809) currently trades at ¥3.29, while our model-based Fair Value estimate is ¥0.4600, 86.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the data coverage at low.
Scenario range: ¥0.3000 (bear) to ¥0.5800 (bull), the price of ¥3.29 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 49/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tieling Newcity Investment Holding Ltd reported revenue of 359M CNY in FY2025 versus 114M CNY in FY2021, a compound +33.1%/yr. Reported net income was −61.9M CNY in FY2025.
Key figures
Market cap 2.7B CNY (≈ $406M) Small · P/S ratio 5.41 · EPS (TTM) ¥−0.0300 · Dividend yield 0.1% · Net margin −3.3% · Return on equity −0.7% · Return on assets (EBIT) −1.4% · Operating margin 13.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −86%, 000809 screens richer than that median.
Fair Value models
Bear¥0.3000Fair Value ¥0.4600Bull¥0.5800
Price ¥3.29 · Upside -86.0%
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.24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.3%
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.
+17.4%
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.
+16.1%
Start year 2020 (pandemic). Over 10 years: +26.4% 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.
+1.6%
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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.
9.0% (2020) → −17.1% (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
Compare Tieling Newcity Investment Holding Ltd 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.Utilities - Renewable · 200 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside−86.2% · Bottom 25%
Profitability
Return on assets−1.9% · Bottom 25%
Net margin (12 months)−3.3% · Below median
Operating margin (12 months)13.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)816.9% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.11× · Lowest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/B1.04× · Cheaper than median
P/S (12 months)5.29× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)100· sector 13
PAST (return on equity)0· sector 14
HEALTH (low debt)95· sector 69
DIVIDEND (yield)2· sector 48
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 Tieling Newcity Investment Holding Ltd (000809) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ¥0.4600 versus a price of ¥3.29, about −86% upside (overvalued).
What is the fair value of 000809?
Our model-based fair value for Tieling Newcity Investment Holding Ltd is ¥0.4600 (as of Oct 1, 2026), built from audited fundamentals. The current price: ¥3.29.
What is the quality score of 000809?
Tieling Newcity Investment Holding Ltd has a Quality Score of 49/100. 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 Tieling Newcity Investment Holding Ltd (000809)?
Our model-based price target is the fair value of ¥0.4600 (as of Oct 1, 2026) from 1 valuation models. Cautious scenario ¥0.3000, optimistic scenario ¥0.5800. It is a calculation from audited fundamentals, not an analyst target.
What is the Tieling Newcity Investment Holding Ltd stock forecast for 2026?
Our models put fair value at ¥0.4600, about −86% upside versus a price of ¥3.29 (overvalued). Cautious scenario ¥0.3000, optimistic scenario ¥0.5800. The calculation is refreshed regularly with new filings.
What is the revenue of Tieling Newcity Investment Holding Ltd (000809)?
Tieling Newcity Investment Holding Ltd reported trailing-twelve-month revenue of about 521M CNY (latest available figure, as of Oct 1, 2026).
Does Tieling Newcity Investment Holding Ltd pay a dividend?
Tieling Newcity Investment Holding Ltd currently shows a dividend yield of 0.08% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of Tieling Newcity Investment Holding Ltd (000809)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tieling Newcity Investment Holding Ltd it is ¥0.4600 per share (as of Oct 1, 2026), against a price of ¥3.29. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Tieling Newcity Investment Holding Ltd stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 000809 trades above its calculated fair value: price ¥3.29, fair value ¥0.4600, a gap of about −86% (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 000809?
No. The price is what the market pays today (¥3.29); the fair value is what the company's own numbers justify (¥0.4600). For Tieling Newcity Investment Holding Ltd the two are ¥2.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tieling Newcity Investment Holding Ltd worth?
The market values Tieling Newcity Investment Holding Ltd at about 2.7B CNY (market capitalisation, as of Oct 1, 2026). Per share that is ¥3.29; our models calculate a fair value of ¥0.4600 per share.
What do the bullish and bearish scenarios say about 000809?
Our models span a range for Tieling Newcity Investment Holding Ltd: cautious scenario ¥0.3000, base ¥0.4600, optimistic ¥0.5800 per share (as of Oct 1, 2026, price ¥3.29). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tieling Newcity Investment Holding Ltd (000809)?
Balance-sheet figures for Tieling Newcity Investment Holding Ltd (as of Oct 1, 2026): return on equity −0.7%, debt of 0.11 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 000809 from its 52-week high?
Tieling Newcity Investment Holding Ltd trades at ¥3.29, about 25% below its 52-week high of ¥4.37 and 15% above the low of ¥2.85 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.4600 is for.
Which stocks are comparable to Tieling Newcity Investment Holding Ltd?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Fortum Oyj, 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 Tieling Newcity Investment Holding Ltd stock attractive at the current price?
The data as of Oct 1, 2026: price ¥3.29, calculated fair value ¥0.4600 (−86%), Quality Score 49/100, from 1 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 000809 calculated?
We run Tieling Newcity Investment Holding Ltd through 1 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 ¥0.4600, 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 13.8 % above its aggregate fair value. Tieling Newcity Investment Holding Ltd 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 Tieling Newcity Investment Holding Ltd (000809)?
The closing price on Oct 19, 2026 was ¥3.29. Our model-based fair value is ¥0.4600, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tieling Newcity Investment Holding Ltd right now?
The price sits above even our optimistic bull case (¥0.5800). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥0.3000 to ¥0.5800) leaves room in how you read the outcome.
Key figures of Tieling Newcity Investment Holding Ltd
How large is the market capitalisation of Tieling Newcity Investment Holding Ltd (000809)?
The market capitalisation of Tieling Newcity Investment Holding Ltd is 2.7B CNY (≈ $406M). 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 Tieling Newcity Investment Holding Ltd (000809)?
The price-to-sales ratio of Tieling Newcity Investment Holding Ltd is 5.41 (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 Tieling Newcity Investment Holding Ltd (000809)?
Earnings per share at Tieling Newcity Investment Holding Ltd are ¥−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tieling Newcity Investment Holding Ltd (000809)?
The dividend yield of Tieling Newcity Investment Holding Ltd is 0.1%. 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 Tieling Newcity Investment Holding Ltd (000809)?
The net margin of Tieling Newcity Investment Holding Ltd is −3.3% (last twelve months). 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 Tieling Newcity Investment Holding Ltd (000809)?
The return on equity (ROE) of Tieling Newcity Investment Holding Ltd is −0.7% (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 Tieling Newcity Investment Holding Ltd (000809)?
On an EBIT basis the return on assets of Tieling Newcity Investment Holding Ltd is −1.4% (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 Tieling Newcity Investment Holding Ltd (000809)?
The operating margin of Tieling Newcity Investment Holding Ltd is 13.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tieling Newcity Investment Holding Ltd (000809)?
Revenue at Tieling Newcity Investment Holding Ltd is growing +817% versus a year earlier (3y avg +17.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Tieling Newcity Investment Holding Ltd (000809) generate?
The free cash flow of Tieling Newcity Investment Holding Ltd is −304M 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 Tieling Newcity Investment Holding Ltd (000809) hold?
Tieling Newcity Investment Holding Ltd holds more cash than debt, 1.2B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Oct 1, 2026