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Shenzhen New Nanshan Holding (002314) Fair Value & Analysis

Real Estate · CN · Market cap 6.0B CNY

SN Shenzhen New Nanshan Holding 002314 · SHE
Price¥2.09
Fair Value¥3.93
Upside+88.0%
Quality51/100
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Mixed Growth
Loss-making · -22.7% net margin
High debt · generates free cash flow
Trails peers (5/13)
Narrow moat 17/100
Evidence: Medium Range ¥2.89 – ¥6.18 Share as image

Fair value as of: Jul 24, 2026

From 13 valuation models · updated 17 days ago

Share price +5.0% over the past month.

A solid business, screening 88% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥2.89). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥2.89 to ¥6.18) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

¥6.32 ¥1.85 Fair Value ¥3.93 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥1.85 – ¥6.32 · fair‑value band ¥2.89 – ¥6.18 · the ¥2.09 price screens below the ¥3.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Shenzhen New Nanshan Holding (002314) currently trades at ¥2.09, while our model-based Fair Value estimate is ¥3.93, implying the stock looks roughly 88.0% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Shenzhen New Nanshan Holding generated revenue of 10.4B CNY at a net margin of -22.7%. Revenue declined 66.4% year over year. It earns a return on equity of -15.0%. Net debt stands at 13.8B CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥2.89 (bear case) to ¥6.18 (bull case); at ¥2.09, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 88%, 002314 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥6.35 ¥13.58 ¥24.82 80
Rev-Margin DCF ¥1.49 ¥4.78 ¥8.92 74
Gordon GGM ¥2.86 ¥5.70 ¥8.63 70
All 13 models by family
DCF Models
FCF DCF ¥6.37 ¥14.11 ¥26.49 38
5Y Revenue Exit ¥1.49 ¥4.70 ¥8.77 39
5Y EBITDA Exit ¥3.66 ¥9.03 ¥15.49 41
10Y Revenue Exit ¥3.00 ¥6.50 ¥11.29 36
10Y EBITDA Exit ¥4.52 ¥9.54 ¥16.61 37
Dividend Discount
Gordon GGM ¥2.86 ¥5.70 ¥8.63 70
DDM Multi-Stage ¥2.86 ¥4.92 ¥6.02 61
Multiples
EV/EBIT ¥1.76 ¥4.01 ¥6.27 53
EV/EBITDA ¥2.97 ¥5.63 ¥8.29 54
EV/Revenue ¥0.7800 ¥2.52 43
Asset-Based
NCAV (Graham) ¥1.27 ¥1.70 ¥2.54 50
Growth DCF
Growth DCF ¥6.35 ¥13.58 ¥24.82 80
Rev-Margin DCF ¥1.49 ¥4.78 ¥8.92 74

Widest divergence: DCF Models (¥9.03) versus Asset-Based (¥1.70). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 10.4B CNY
Revenue growth (YoY) -66.4%
Net margin -22.7%
Return on equity -15.0%
Free cash flow 2.6B CNY FY2025
Operating margin 8.1%
More key figures
EPS (TTM) ¥-0.8700
EPS growth (YoY) -89.7%
Net debt 13.8B CNY FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 22

Profitability 4
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Shenzhen New Nanshan Holding (Group) Co., Ltd. operates in the real estate development, and warehousing and logistics businesses in China.

Full company description

Shenzhen New Nanshan Holding (Group) Co., Ltd. operates in the real estate development, and warehousing and logistics businesses in China. The company involved in the development of residential, industrial, and commercial real estate projects; development and operation of logistics parks; engineering, procurement, and construction; photovoltaic, and wind power generation business; offshore engineering; and offshore and onshore general contracting, including design, procurement, and construction. It also invests, develops, constructs, and operates management of modern logistics centers, as well as provides high-end warehousing, intelligent warehouse distribution, distribution processing, logistics value-added, green distribution, other comprehensive modern logistics, and supply chain business services. In addition, the company provides management output, cold chain logistics, and supply chain finance; and regional industrial development planning, urban supporting construction, industrial resource integration, and intelligent operation for target urban agglomerations, as well as new energy, manufacturing, and petroleum logistics services. Further, the company engages in the investment, development, construction, and operation of clean energy power stations; research and development, design, production, and sale of ship outfitting, as well as provides engineering technical services; development and operation of various light steel structure integrated houses, and other products, such as packing and folding boxes, modular buildings, special containers, and prefabricated houses. The company was formerly known as Yahgee Modular House Co., Ltd. and changed its name to Shenzhen New Nanshan Holding (Group) Co., Ltd. in November 2015. Shenzhen New Nanshan Holding (Group) Co., Ltd. was founded in 2001 and is headquartered in Shenzhen, China. Shenzhen New Nanshan Holding (Group) Co., Ltd. is a subsidiary of China Nanshan Development (Group) Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen New Nanshan Holding reported revenue of ¥13.1B in FY2025 versus ¥11.2B in FY2021, a compound +4.0%/yr. Reported net income was −¥2.0B in FY2025.

Growth Quality 41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
13.1B CNY
Latest YoY
+55.6%
Avg. growth/yr (3Y)
+2.4%
Avg. growth/yr (5Y)
+3.1%
Avg. growth/yr (19Y)
+13.0%
Revenue +4.0%/yr
FY21 ¥11.2B
FY22 ¥12.2B
FY23 ¥12.1B
FY24 ¥8.4B
FY25 ¥13.1B
Net income
FY21 ¥976M
FY22 ¥681M
FY23 ¥147M
FY24 −¥1.8B
FY25 −¥2.0B

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Cite: Fair Value Calculator (2026). "Shenzhen New Nanshan Holding Fair Value". https://www.fairvalue-calculator.com/stock/002314

Peer Group

Real Estate - Diversified · 138 stocks

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.

Quality Score 52 · Above median
Fair Value upside +88% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -23% · Bottom 25%
Operating margin (TTM) 8% · Below median
Revenue growth -66% · Bottom 25%
Debt / equity 3.08× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 21.1× · Pricier than 75% of peers
PEG 40.22× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 46
FUTURE 0 · sector 33
PAST 0 · sector 17
HEALTH 0 · sector 75
DIVIDEND 0 · sector 45

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

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Frequently asked questions

Is Shenzhen New Nanshan Holding (002314) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥3.93 versus a price of ¥2.09, about +88% (undervalued).
What is the fair value of 002314?
Our model-based fair value for Shenzhen New Nanshan Holding is ¥3.93 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥2.09.
What is the quality score of 002314?
Shenzhen New Nanshan Holding has a Quality Score of 51/100. 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 revenue of Shenzhen New Nanshan Holding (002314)?
Shenzhen New Nanshan Holding reported trailing-twelve-month revenue of about 10.4B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 002314?
The net profit margin of Shenzhen New Nanshan Holding is about -22.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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