Sanxiang Co Ltd (000863) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Sanxiang Co Ltd stock ¥1.64, price ¥3.70, upside -55.6%, quality 33 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 29, 2026.
How to read this chart
60‑month range ¥2.57 – ¥6.71 · fair‑value band ¥1.08 – ¥2.15 · the ¥3.70 price screens above the ¥1.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
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Sanxiang Impression Co., Ltd. engages in the development of real estate properties in China. It develops residential, commercial, office, and apartments.
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The company is also involved in the building materials processing; decoration design; real estate brokerage; and property management services, as well as building materials processing and installation business.
In addition, it manufactures and installs plastic doors and windows; and provides cultural tourism integrated solutions. The company was formerly known as Sanxiang Co., Ltd and changed its name to Sanxiang Impression Co., Ltd. in October 2016.
Sanxiang Impression Co., Ltd. was founded in 1996 and is based in Shanghai, the People's Republic of China.
Stock analysis
Sanxiang Co Ltd (000863) currently trades at ¥3.70, while our model-based Fair Value estimate is ¥1.64, 55.6% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 80/100, which puts the data coverage at low.
Scenario range: ¥1.08 (bear) to ¥2.15 (bull), the price of ¥3.70 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 33/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sanxiang Co Ltd reported revenue of 736M CNY in FY2025 versus 3.0B CNY in FY2021, a compound −29.7%/yr. Reported net income was −134M CNY in FY2025.
Key figures
Market cap 4.4B CNY (≈ $657M) Small · P/S ratio 3.64 · EPS (TTM) ¥−0.1500 · Dividend yield 0.4% · Net margin −14.0% · Return on equity −8.6% · Return on assets (EBIT) 1.5% · Operating margin −10.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 6% 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 −56%, 000863 screens richer than that median.
Fair Value models
Bear¥1.08Fair Value ¥1.64Bull¥2.15
Price ¥3.70 · Upside -55.6%
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.
Best data coverage
EV/EBITDA¥0.1900¥0.2900¥0.380066
NCAV (Graham)¥1.61¥2.45¥3.0654
All 2 models by family
Multiples
EV/EBITDA¥0.1900¥0.2900¥0.380066
Asset-Based
NCAV (Graham)¥1.61¥2.45¥3.0654
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−39.2%
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.
−18.3%
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.
−31.5%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 31 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.
+7.8%
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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.
7.8% (2020) → −4.3% (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
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 · 528 stocks
Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−55.7% · Bottom 25%
Profitability
Return on assets−2.4% · Bottom 25%
Net margin (12 months)−14.0% · Bottom 25%
Operating margin (12 months)−10.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−24.7% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B1.00× · Pricier than median
P/S (12 months)3.58× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)0· sector 19
PAST (return on equity)0· sector 16
HEALTH (low debt)96· sector 83
DIVIDEND (yield)7· sector 64
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.
Cite: Fair Value Calculator (2026). "Sanxiang Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000863
Frequently asked questions
Is Sanxiang Co Ltd (000863) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ¥1.64 versus a price of ¥3.70, about −56% upside (overvalued).
What is the fair value of 000863?
Our model-based fair value for Sanxiang Co Ltd is ¥1.64 (as of Oct 29, 2026), built from audited fundamentals. The current price: ¥3.70.
What is the quality score of 000863?
Sanxiang Co Ltd has a Quality Score of 33/100. 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 Sanxiang Co Ltd (000863)?
Our model-based price target is the fair value of ¥1.64 (as of Oct 29, 2026) from 2 valuation models. Cautious scenario ¥1.08, optimistic scenario ¥2.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Sanxiang Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.64, about −56% upside versus a price of ¥3.70 (overvalued). Cautious scenario ¥1.08, optimistic scenario ¥2.15. The calculation is refreshed regularly with new filings.
What is the revenue of Sanxiang Co Ltd (000863)?
Sanxiang Co Ltd reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Oct 29, 2026).
Does Sanxiang Co Ltd pay a dividend?
Sanxiang Co Ltd currently shows a dividend yield of 0.37% relative to its recent price (as of Oct 29, 2026).
What is the intrinsic value of Sanxiang Co Ltd (000863)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sanxiang Co Ltd it is ¥1.64 per share (as of Oct 29, 2026), against a price of ¥3.70. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Sanxiang Co Ltd stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 000863 trades above its calculated fair value: price ¥3.70, fair value ¥1.64, a gap of about −56% (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 000863?
No. The price is what the market pays today (¥3.70); the fair value is what the company's own numbers justify (¥1.64). For Sanxiang Co Ltd the two are ¥2.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sanxiang Co Ltd worth?
The market values Sanxiang Co Ltd at about 4.4B CNY (market capitalisation, as of Oct 29, 2026). Per share that is ¥3.70; our models calculate a fair value of ¥1.64 per share.
What do the bullish and bearish scenarios say about 000863?
Our models span a range for Sanxiang Co Ltd: cautious scenario ¥1.08, base ¥1.64, optimistic ¥2.15 per share (as of Oct 29, 2026, price ¥3.70). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sanxiang Co Ltd (000863)?
Balance-sheet figures for Sanxiang Co Ltd (as of Oct 29, 2026): return on equity −8.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 000863 from its 52-week high?
Sanxiang Co Ltd trades at ¥3.70, about 45% below its 52-week high of ¥6.71 and 6% above the low of ¥3.50 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.64 is for.
Which stocks are comparable to Sanxiang Co Ltd?
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 Sanxiang Co Ltd stock attractive at the current price?
The data as of Oct 29, 2026: price ¥3.70, calculated fair value ¥1.64 (−56%), Quality Score 33/100, from 2 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 000863 calculated?
We run Sanxiang Co Ltd through 2 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 ¥1.64, 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 13.1 % above its aggregate fair value. Sanxiang Co 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 Sanxiang Co Ltd (000863)?
The closing price on Oct 29, 2026 was ¥3.70. Our model-based fair value is ¥1.64, about −56% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sanxiang Co Ltd right now?
The price sits above even our optimistic bull case (¥2.15). The favourable scenario is already priced in. Weak quality (33/100) 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 (¥1.08 to ¥2.15) leaves room in how you read the outcome.
Key figures of Sanxiang Co Ltd
How large is the market capitalisation of Sanxiang Co Ltd (000863)?
The market capitalisation of Sanxiang Co Ltd is 4.4B CNY (≈ $657M). 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 Sanxiang Co Ltd (000863)?
The price-to-sales ratio of Sanxiang Co Ltd is 3.64 (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 Sanxiang Co Ltd (000863)?
Earnings per share at Sanxiang Co Ltd are ¥−0.1500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sanxiang Co Ltd (000863)?
The dividend yield of Sanxiang Co Ltd is 0.4%. 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 Sanxiang Co Ltd (000863)?
The net margin of Sanxiang Co Ltd is −14.0% (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 Sanxiang Co Ltd (000863)?
The return on equity (ROE) of Sanxiang Co Ltd is −8.6% (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 Sanxiang Co Ltd (000863)?
On an EBIT basis the return on assets of Sanxiang Co Ltd is 1.5% (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 Sanxiang Co Ltd (000863)?
The operating margin of Sanxiang Co Ltd is −10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sanxiang Co Ltd (000863)?
Revenue at Sanxiang Co Ltd is growing −24.7% versus a year earlier (3y avg −18.3%). 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 Sanxiang Co Ltd (000863)?
Earnings per share at Sanxiang Co Ltd are growing −97.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sanxiang Co Ltd (000863) generate?
The free cash flow of Sanxiang Co Ltd is −56.8M 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 debt does Sanxiang Co Ltd (000863) carry?
The net debt of Sanxiang Co Ltd is 114M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 29, 2026