Tianjin Tianbao Infrastructure Co Ltd (000965) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Tianjin Tianbao Infrastructure Co Ltd stock ¥0.29, price ¥2.82, upside -89.7%, quality 40 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 30, 2026.
How to read this chart
60‑month range ¥2.14 – ¥10.24 · fair‑value band ¥0.2200 – ¥0.6000 · the ¥2.82 price screens above the ¥0.2900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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Tianjin Tianbao Infrastructure Co., Ltd., together with its subsidiaries, engages in the real estate development, property leasing and management, and other businesses in China.
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It is also involved in infrastructure development, construction, and operation; investment in real estate; sale of commercial housing; real estate brokerage and project management activities; and leasing of owned properties, as well as hotel operation and management activities.
Tianjin Tianbao Infrastructure Co., Ltd. was incorporated in 1998 and is headquartered in Tianjin, China. Tianjin Tianbao Infrastructure Co., Ltd. operates as a subsidiary of Tianjin Tianbao Holdings Co., Ltd.
Stock analysis
Tianjin Tianbao Infrastructure Co Ltd (000965) currently trades at ¥2.82, while our model-based Fair Value estimate is ¥0.2900, 89.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥2.79 per share, and 2 of the 8 models we run sit above the ¥2.82 price.
Bear case: the Dividend Discount group reads lowest at ¥0.0400, and 6 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.2200 (bear) to ¥0.6000 (bull), the price of ¥2.82 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 40/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tianjin Tianbao Infrastructure Co Ltd reported revenue of 2.8B CNY in FY2025 versus 2.5B CNY in FY2021, a compound +2.5%/yr. Reported net income was 19.2M CNY in FY2025, compounding −21.1%/yr from FY2021.
Key figures
Market cap 3.1B CNY (≈ $470M) Small · P/S ratio 0.76 · EPS (TTM) ¥−0.0400 · Dividend yield 0.4% · Net margin −1.1% · Return on equity 0.2% · Return on assets (EBIT) 2.2% · Operating margin 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at −90%, 000965 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0400 to ¥9.80). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥0.2200Fair Value ¥0.2900Bull¥0.6000
Price ¥2.82 · Upside -89.7%
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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
−27.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.4%
Dividend (yield on the price)0.4%
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.−27.4% vs −23.8%, slowing
Profit margin 2019 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.22% → 8%
Compare Tianjin Tianbao Infrastructure 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.Real Estate - Development · 565 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside−89.7% · Bottom 25%
Profitability
Return on equity (12 months)0.2% · Below median
Return on assets0.1% · Below median
Net margin (12 months)−1.1% · Below median
Operating margin (12 months)1.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)−4.9% · Below median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.57× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/B0.57× · Cheaper than median
P/S (12 months)0.76× · Cheaper than median
EV/EBITDA15.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 69
FUTURE (revenue growth)0· sector 0
PAST (return on equity)1· sector 12
HEALTH (low debt)71· sector 83
DIVIDEND (yield)7· sector 60
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). "Tianjin Tianbao Infrastructure Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000965
Frequently asked questions
Is Tianjin Tianbao Infrastructure Co Ltd (000965) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ¥0.2900 versus a price of ¥2.82, about −90% upside (overvalued).
What is the fair value of 000965?
Our model-based fair value for Tianjin Tianbao Infrastructure Co Ltd is ¥0.2900 (as of Oct 30, 2026), built from audited fundamentals. The current price: ¥2.82.
What is the quality score of 000965?
Tianjin Tianbao Infrastructure Co Ltd has a Quality Score of 40/100. 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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
Our model-based price target is the fair value of ¥0.2900 (as of Oct 30, 2026) from 9 valuation models. Cautious scenario ¥0.2200, optimistic scenario ¥0.6000. It is a calculation from audited fundamentals, not an analyst target.
What is the Tianjin Tianbao Infrastructure Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.2900, about −90% upside versus a price of ¥2.82 (overvalued). Cautious scenario ¥0.2200, optimistic scenario ¥0.6000. The calculation is refreshed regularly with new filings.
What is the revenue of Tianjin Tianbao Infrastructure Co Ltd (000965)?
Tianjin Tianbao Infrastructure Co Ltd reported trailing-twelve-month revenue of about 4.1B CNY (latest available figure, as of Oct 30, 2026).
Does Tianjin Tianbao Infrastructure Co Ltd pay a dividend?
Tianjin Tianbao Infrastructure Co Ltd currently shows a dividend yield of 0.35% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of Tianjin Tianbao Infrastructure Co Ltd (000965)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tianjin Tianbao Infrastructure Co Ltd it is ¥0.2900 per share (as of Oct 30, 2026), against a price of ¥2.82. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Tianjin Tianbao Infrastructure Co Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, 000965 trades above its calculated fair value: price ¥2.82, fair value ¥0.2900, a gap of about −90% (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 000965?
No. The price is what the market pays today (¥2.82); the fair value is what the company's own numbers justify (¥0.2900). For Tianjin Tianbao Infrastructure Co Ltd the two are ¥2.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tianjin Tianbao Infrastructure Co Ltd worth?
The market values Tianjin Tianbao Infrastructure Co Ltd at about 3.1B CNY (market capitalisation, as of Oct 30, 2026). Per share that is ¥2.82; our models calculate a fair value of ¥0.2900 per share.
What do the bullish and bearish scenarios say about 000965?
Our models span a range for Tianjin Tianbao Infrastructure Co Ltd: cautious scenario ¥0.2200, base ¥0.2900, optimistic ¥0.6000 per share (as of Oct 30, 2026, price ¥2.82). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tianjin Tianbao Infrastructure Co Ltd (000965)?
Balance-sheet figures for Tianjin Tianbao Infrastructure Co Ltd (as of Oct 30, 2026): return on equity 0.2%, debt of 0.57 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 000965 from its 52-week high?
Tianjin Tianbao Infrastructure Co Ltd trades at ¥2.82, about 39% below its 52-week high of ¥4.65 and at the low of ¥2.82 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.2900 is for.
Which stocks are comparable to Tianjin Tianbao Infrastructure Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, DLF 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 Tianjin Tianbao Infrastructure Co Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price ¥2.82, calculated fair value ¥0.2900 (−90%), Quality Score 40/100, from 9 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 000965 calculated?
We run Tianjin Tianbao Infrastructure Co Ltd through 9 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 ¥0.2900, 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 13.4 % above its aggregate fair value. Tianjin Tianbao Infrastructure 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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
The closing price on Oct 30, 2026 was ¥2.82. Our model-based fair value is ¥0.2900, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tianjin Tianbao Infrastructure Co Ltd right now?
The price sits above even our optimistic bull case (¥0.6000). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥0.2200 to ¥0.6000). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Tianjin Tianbao Infrastructure Co Ltd
How large is the market capitalisation of Tianjin Tianbao Infrastructure Co Ltd (000965)?
The market capitalisation of Tianjin Tianbao Infrastructure Co Ltd is 3.1B CNY (≈ $470M). 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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
The price-to-sales ratio of Tianjin Tianbao Infrastructure Co Ltd is 0.76 (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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
Earnings per share at Tianjin Tianbao Infrastructure Co Ltd are ¥−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tianjin Tianbao Infrastructure Co Ltd (000965)?
The dividend yield of Tianjin Tianbao Infrastructure 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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
The net margin of Tianjin Tianbao Infrastructure Co Ltd is −1.1% (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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
The return on equity (ROE) of Tianjin Tianbao Infrastructure Co Ltd is 0.2% (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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
On an EBIT basis the return on assets of Tianjin Tianbao Infrastructure Co Ltd is 2.2% (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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
The operating margin of Tianjin Tianbao Infrastructure Co Ltd is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tianjin Tianbao Infrastructure Co Ltd (000965)?
Revenue at Tianjin Tianbao Infrastructure Co Ltd is growing −4.9% versus a year earlier (3y avg +4.4%). 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 Tianjin Tianbao Infrastructure Co Ltd (000965)?
Earnings per share at Tianjin Tianbao Infrastructure Co Ltd are growing −36.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tianjin Tianbao Infrastructure Co Ltd (000965) generate?
The free cash flow of Tianjin Tianbao Infrastructure Co Ltd is −1.4B 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 Tianjin Tianbao Infrastructure Co Ltd (000965) carry?
The net debt of Tianjin Tianbao Infrastructure Co Ltd is 3.6B 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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