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Rendong Holdings (002647) Fair Value & Analysis

Financial Services · CN · Market cap 13.0B CNY

RH Rendong Holdings 002647 · SHE
Price¥9.54
Fair Value¥1.90
Upside-80.0%
Quality40/100
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Weak Growth
Loss-making · -9.4% net margin
Low debt · generates free cash flow
Trails peers (1/11)
Narrow moat 26/100
Evidence: High Range ¥1.43 – ¥2.38 Share as image

Fair value as of: Jul 25, 2026

From 12 valuation models · updated 16 days ago

Share price −15.4% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.38). 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.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

¥17.47 ¥3.09 Fair Value ¥1.90 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range ¥3.09 – ¥17.47 · fair‑value band ¥1.43 – ¥2.38 · the ¥9.54 price screens above the ¥1.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

Rendong Holdings (002647) currently trades at ¥9.54, while our model-based Fair Value estimate is ¥1.90, implying the stock looks roughly 80.0% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Rendong Holdings generated revenue of 838M CNY at a net margin of -9.4%. Revenue grew 7.5% year over year. It earns a return on equity of -9.4%. The balance sheet holds a net cash position of 4.4B CNY. Fundamentals as of Jul 25, 2026

Our scenario range runs from ¥1.43 (bear case) to ¥2.38 (bull case); at ¥9.54, the current price sits above 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 32% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at -80%, 002647 screens richer 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 ¥4.38 ¥4.57 ¥4.89 80
Residual Income ¥3.32 ¥6.76 ¥243.76 76
Rev-Margin DCF ¥4.57 ¥4.98 ¥5.46 74
All 12 models by family
DCF Models
Owner Earnings ¥7.09 ¥8.35 ¥10.69 31
5Y P/E Exit ¥6.69 ¥8.63 ¥10.94 38
10Y P/E Exit ¥5.77 ¥7.01 ¥8.23 35
Earnings-Based
Graham-Dodd ¥2.16 ¥2.64 ¥2.97 54
Dividend Discount
Gordon GGM ¥0.4300 ¥0.4700 ¥0.5300 70
DDM Multi-Stage ¥0.4300 ¥0.5400 ¥0.6900 61
Multiples
P/E Multiple ¥5.01 ¥6.68 ¥8.35 63
P/B Multiple ¥1.68 ¥2.24 ¥2.80 55
Asset-Based
NCAV (Graham) ¥0.2500 ¥0.3300 ¥0.5000 50
Growth DCF
Growth DCF ¥4.38 ¥4.57 ¥4.89 80
Rev-Margin DCF ¥4.57 ¥4.98 ¥5.46 74
Economic Profit
Residual Income ¥3.32 ¥6.76 ¥243.76 76

Widest divergence: DCF Models (¥8.35) versus Asset-Based (¥0.3300). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 838M CNY
Revenue growth (YoY) +7.5%
Net margin -9.4%
Return on equity -9.4%
Free cash flow 57.1M CNY FY2025
Operating margin 12.5%
More key figures
EPS (TTM) ¥-0.0400
EPS growth (YoY) -90.3%
Net cash 4.4B CNY FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 55 · Market factors (momentum, volatility) 57

Profitability 52
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 0
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

Rendong Holdings Co., Ltd. provides financial services in China. The company offers transformed into fintech-related businesses such as third-party payment, financial leasing, factoring, and supply chain management, and other financial technology-related services.

Full company description

Rendong Holdings Co., Ltd. provides financial services in China. The company offers transformed into fintech-related businesses such as third-party payment, financial leasing, factoring, and supply chain management, and other financial technology-related services. It focuses on industries such as smart retail, fintech, cross-border e-commerce, e-commerce, travel, and education/examination. The company was formerly known as Meson Fintech Co., Ltd. and changed its name to Rendong Holdings Co., Ltd. in August 2018. Rendong Holdings Co., Ltd. was founded in 1998 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rendong Holdings reported revenue of ¥823M in FY2025 versus ¥1.7B in FY2021, a compound −16.9%/yr. Reported net income was ¥360M in FY2025.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
823M CNY
Latest YoY
−29.0%
Avg. growth/yr (3Y)
−20.8%
Avg. growth/yr (5Y)
−17.2%
Avg. growth/yr (17Y)
−7.3%
Revenue −16.9%/yr
FY21 ¥1.7B
FY22 ¥1.7B
FY23 ¥1.8B
FY24 ¥1.2B
FY25 ¥823M
Net income
FY21 −¥52.4M
FY22 −¥141M
FY23 −¥215M
FY24 −¥833M
FY25 ¥360M

002647 screens 80% overvalued. Compare with ORIX Corporation →

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Cite: Fair Value Calculator (2026). "Rendong Holdings Fair Value". https://www.fairvalue-calculator.com/stock/002647

Peer Group

Financial Conglomerates · 56 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 48 · Below median
Fair Value upside −80% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) 13% · Below median
Revenue growth 8% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/B 3.43× · Pricier than 75% of peers
P/S (TTM) 2.30× · Pricier than median
P/FCF 33.7× · 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 0 · sector 11
FUTURE 38 · sector 38
PAST 0 · sector 32
HEALTH 97 · sector 84
DIVIDEND 0 · sector 41

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

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 Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
ORIX Corporation IX $40.31 $35.05 -13%
Bajaj Finserv Ltd BAJAJFINSV ₹2,065 ₹682.29 -67%
Yuanta Financial Holding 2885 66.70 TWD 35.75 TWD -46%
China Galaxy Securities Co 601881 ¥12.94 ¥18.92 +46%
Guosen Securities Co 002736 ¥10.34 ¥17.96 +74%
CNPC Capital Company 000617 ¥6.80 ¥5.78 -15%
Aditya Birla Capital Limited ABCAPITAL ₹399.25 ₹176.15 -56%
Freedom Holding FRHC $152.69 $32.75 -79%
Voya Financial, Inc VOYA $98.49 $76.48 -22%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.77 ¥9.27 +19%

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Frequently asked questions

Is Rendong Holdings (002647) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of ¥1.90 versus a price of ¥9.54, about −80% (overvalued).
What is the fair value of 002647?
Our model-based fair value for Rendong Holdings is ¥1.90 (as of Jul 25, 2026), built from audited fundamentals. The current price is ¥9.54.
What is the quality score of 002647?
Rendong Holdings 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 revenue of Rendong Holdings (002647)?
Rendong Holdings reported trailing-twelve-month revenue of about 838M CNY (latest available figure, as of Jul 25, 2026).
What is the net profit margin of 002647?
The net profit margin of Rendong Holdings is about -9.4%, 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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