Xiandai Investment Co Ltd (000900) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Xiandai Investment Co Ltd stock ¥3.13, price ¥3.61, that is 13.3% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 21 of our 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. As of Nov 6, 2026.
How to read this chart
60‑month range ¥3.02 – ¥4.46 · fair‑value band ¥2.53 – ¥3.85 · the ¥3.61 price screens above the ¥3.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Xiandai Investment Co.,Ltd engages in the construction, operation, maintenance, and management of roads, tunnels, bridges, and ferries in China.
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It is involved in the investment, development, and operation of real estate; investment and management of hotels; toll collection; construction, charging, and maintenance of highways; car cleaning and parking services; advertising activities; and sale of auto parts, road constructing machinery, construction materials, and metal materials.
The company was founded in 1993 and is headquartered in Changsha, China.
Stock analysis
Xiandai Investment Co Ltd (000900) currently trades at ¥3.61, while our model-based Fair Value estimate is ¥3.13, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥13.52 per share, and 19 of the 21 models we run sit above the ¥3.61 price.
Bear case: the Earnings-Based group reads lowest at ¥2.67, and 2 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥2.53 (bear) to ¥3.85 (bull), the price of ¥3.61 sits inside 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 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Xiandai Investment Co Ltd reported revenue of 6.5B CNY in FY2025 versus 16.1B CNY in FY2021, a compound −20.3%/yr. Reported net income was 405M CNY in FY2025, compounding −10.3%/yr from FY2021.
Key figures
Market cap 5.5B CNY (≈ $822M) Small · P/E ratio 18.1 · P/S ratio 0.93 · EPS (TTM) ¥0.2000 · Dividend yield 4.4% · Net margin 4.5% · Return on equity 3.0% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 9% fair-value upside, at −13%, 000900 screens richer than that median.
Fair Value models
Bear¥2.53Fair Value ¥3.13Bull¥3.85
Price ¥3.61 · Downside -13.3%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0342 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. 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
Residual Income¥5.74¥5.69¥5.8276
FCF DCF¥10.93¥22.97¥41.0975
Growth DCF¥10.82¥21.83¥37.6874
All 21 models by family
DCF Models
FCF DCF¥10.93¥22.97¥41.0975
Owner Earnings¥6.36¥15.57¥29.4471
5Y Revenue Exit¥1.21¥4.96¥9.4966
5Y EBITDA Exit¥6.69¥15.88¥26.9071
5Y P/E Exit¥0.9800¥4.52¥8.1765
10Y Revenue Exit¥4.60¥9.09¥14.9363
10Y EBITDA Exit¥8.09¥16.45¥28.1565
10Y P/E Exit¥4.59¥8.79¥13.9361
Earnings-Based
Graham-Dodd¥1.81¥7.44¥10.1364
Lynch FV¥1.87¥2.67¥3.4761
PEG = 1.0¥1.87¥2.67¥3.4757
Dividend Discount
Gordon GGM¥4.21¥7.86¥11.1767
DDM Multi-Stage¥4.21¥7.05¥8.3767
Multiples
P/E Multiple¥4.20¥5.60¥7.0063
P/S Multiple¥3.40¥4.53¥5.6657
EV/EBIT¥0.2300¥3.97¥7.7156
EV/EBITDA¥3.18¥7.90¥12.6262
Growth DCF
Growth DCF¥10.82¥21.83¥37.6874
Rev-Margin DCF¥1.21¥5.21¥9.5266
Economic Profit
Residual Income¥5.74¥5.69¥5.8276
Growth Earnings
Growth-Adj P/E¥3.23¥4.61¥5.9967
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−20.2%
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.
−8.2%
Revenue growth 29 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.
+17.8%
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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.
−3.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.3%
Dividend (yield on the price)4.4%
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.−8.3% vs −3.3%, 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.5% → 26%
Compare Xiandai Investment Co 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.Infrastructure Operations · 60 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−13.3% · Bottom 25%
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets0.9% · Bottom 25%
Net margin (12 months)5.7% · Below median
Operating margin (12 months)25.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.4% · Above median
Dividend yield (12 months)4.4% · Above median
Balance sheet
Debt / equity1.65× · Highest 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
P/E (12 months)18.1× · Pricier than median
P/B0.44× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Xiandai Investment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000900
Frequently asked questions
Is Xiandai Investment Co Ltd (000900) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥3.13 versus a price of ¥3.61, about 13% lower (overvalued).
What is the fair value of 000900?
Our model-based fair value for Xiandai Investment Co Ltd is ¥3.13 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥3.61.
What is the quality score of 000900?
Xiandai Investment Co Ltd has a Quality Score of 62/100. 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 Xiandai Investment Co Ltd (000900)?
Our model-based price target is the fair value of ¥3.13 (as of Nov 6, 2026) from 21 valuation models. Cautious scenario ¥2.53, optimistic scenario ¥3.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Xiandai Investment Co Ltd stock forecast for 2026?
Our models put fair value at ¥3.13, about 13% lower versus a price of ¥3.61 (overvalued). Cautious scenario ¥2.53, optimistic scenario ¥3.85. The calculation is refreshed regularly with new filings.
What is the revenue of Xiandai Investment Co Ltd (000900)?
Xiandai Investment Co Ltd reported trailing-twelve-month revenue of about 7.4B CNY (latest available figure, as of Nov 6, 2026).
Does Xiandai Investment Co Ltd pay a dividend?
Xiandai Investment Co Ltd currently shows a dividend yield of 4.43% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Xiandai Investment Co Ltd (000900) and when is the ex-dividend date?
Xiandai Investment Co Ltd pays a dividend of ¥0.16 per share a year, a dividend yield of 4.4%. The last ex-dividend date was May 28, 2026. A dividend has been paid every year since at least 2001. The payout ratio is 80.0% of earnings. Free cash flow covers the dividend 11.63 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What is the intrinsic value of Xiandai Investment Co Ltd (000900)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xiandai Investment Co Ltd it is ¥3.13 per share (as of Nov 6, 2026), against a price of ¥3.61. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Xiandai Investment Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 000900 trades above its calculated fair value: price ¥3.61, fair value ¥3.13, a gap of about −13% (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 000900?
No. The price is what the market pays today (¥3.61); the fair value is what the company's own numbers justify (¥3.13). For Xiandai Investment Co Ltd the two are ¥0.4805 per share apart. That gap is exactly why we show both numbers side by side.
How much is Xiandai Investment Co Ltd worth?
The market values Xiandai Investment Co Ltd at about 5.5B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥3.61; our models calculate a fair value of ¥3.13 per share.
What do the bullish and bearish scenarios say about 000900?
Our models span a range for Xiandai Investment Co Ltd: cautious scenario ¥2.53, base ¥3.13, optimistic ¥3.85 per share (as of Nov 6, 2026, price ¥3.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000900?
Xiandai Investment Co Ltd trades at a price-to-earnings ratio of 18.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.13 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 12.1. Other multiples: P/B 0.4, P/S 0.9, EV/EBITDA 9.9.
How solid is the balance sheet of Xiandai Investment Co Ltd (000900)?
Balance-sheet figures for Xiandai Investment Co Ltd (as of Nov 6, 2026): return on equity 3.0%, debt of 1.65 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 000900 from its 52-week high?
Xiandai Investment Co Ltd trades at ¥3.61, about 15% below its 52-week high of ¥4.26 and 5% above the low of ¥3.45 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.13 is for.
Which stocks are comparable to Xiandai Investment Co Ltd?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, 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 Xiandai Investment Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥3.61, calculated fair value ¥3.13 (−13%), Quality Score 62/100, from 21 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 000900 calculated?
We run Xiandai Investment Co Ltd through 21 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥3.13 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Xiandai Investment 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 Xiandai Investment Co Ltd (000900)?
The closing price on Nov 6, 2026 was ¥3.61. Our model-based fair value is ¥3.13, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xiandai Investment Co Ltd right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Xiandai Investment Co Ltd (000900) come from?
Earnings per share at Xiandai Investment Co Ltd grew −2.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +9.9 %, EBIT margin −9.8 %, tax rate −1.1 %, residual (interest, one-offs) −0.9 %. 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 Xiandai Investment Co Ltd
How large is the market capitalisation of Xiandai Investment Co Ltd (000900)?
The market capitalisation of Xiandai Investment Co Ltd is 5.5B CNY (≈ $822M). 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 Xiandai Investment Co Ltd (000900)?
The price-to-sales ratio of Xiandai Investment Co Ltd is 0.93 (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 Xiandai Investment Co Ltd (000900)?
Earnings per share at Xiandai Investment Co Ltd are ¥0.2000 (price ÷ EPS = P/E 18.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Xiandai Investment Co Ltd (000900)?
The dividend yield of Xiandai Investment Co Ltd is 4.4% (payout 80.0%). 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 Xiandai Investment Co Ltd (000900)?
The net margin of Xiandai Investment Co Ltd is 4.5% (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 Xiandai Investment Co Ltd (000900)?
The return on equity (ROE) of Xiandai Investment Co Ltd is 3.0% (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 Xiandai Investment Co Ltd (000900)?
On an EBIT basis the return on assets of Xiandai Investment 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 Xiandai Investment Co Ltd (000900)?
The operating margin of Xiandai Investment Co Ltd is 25.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xiandai Investment Co Ltd (000900)?
Revenue at Xiandai Investment Co Ltd is growing +14.4% versus a year earlier (3y avg −26.6%). 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 Xiandai Investment Co Ltd (000900)?
Earnings per share at Xiandai Investment Co Ltd are growing −48.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Xiandai Investment Co Ltd (000900) generate?
The free cash flow of Xiandai Investment Co Ltd is 2.8B 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 Xiandai Investment Co Ltd (000900) carry?
The net debt of Xiandai Investment Co Ltd is 21.0B CNY (fiscal year 2025, ≈ 7.4 yrs of FCF). 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
Nov 6, 2026