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LingNan Eco&Culture-Tourism Co (002717) Fair Value & Analysis

Industrials · CN · Market cap 2.1B CNY

LE LingNan Eco&Culture-Tourism Co 002717 · SHE
Price¥1.02
Fair Value¥0.8200
Upside-19.6%
Quality33/100
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Weak Growth
Thin margins · 0.0% net margin
Negative equity (buybacks among others) · generates free cash flow
Trails peers (2/9)
Narrow moat 4/100
Evidence: Medium Range ¥0.7400 – ¥0.8900 Share as image

Fair value as of: Jul 22, 2026

From 7 valuation models · updated 19 days ago

Below-average quality, and screening another 20% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.8900). 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.
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Price vs Fair Value (5 years)

¥5.67 ¥0.8400 Fair Value ¥0.8200 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥0.8400 – ¥5.67 · fair‑value band ¥0.7400 – ¥0.8900 · the ¥1.02 price screens above the ¥0.8200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

LingNan Eco&Culture-Tourism Co (002717) currently trades at ¥1.02, while our model-based Fair Value estimate is ¥0.8200, implying the stock looks roughly 19.6% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Industrials 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: medium).

Trailing-twelve-month revenue stands at 84.2M CNY. Revenue declined 41.3% year over year. It earns a return on equity of -57.4%. Net debt stands at 2.1B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.7400 (bear case) to ¥0.8900 (bull case); at ¥1.02, 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 51% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -20%, 002717 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 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. Evidence
Highest evidence
Growth DCF ¥1.21 ¥1.66 ¥2.41 80
Gordon GGM ¥0.4700 ¥0.5100 ¥0.5700 70
DDM Multi-Stage ¥0.4700 ¥0.5800 ¥0.7300 61
All 7 models by family
DCF Models
FCF DCF ¥1.15 ¥1.62 ¥2.47 38
5Y Revenue Exit ¥0.4200 ¥0.4900 ¥0.5800 39
10Y Revenue Exit ¥0.7100 ¥0.7800 ¥0.8500 36
Dividend Discount
Gordon GGM ¥0.4700 ¥0.5100 ¥0.5700 70
DDM Multi-Stage ¥0.4700 ¥0.5800 ¥0.7300 61
Multiples
EV/Revenue ¥0.0100 43
Growth DCF
Growth DCF ¥1.21 ¥1.66 ¥2.41 80

Widest divergence: Growth DCF (¥1.66) versus Dividend Discount (¥0.5100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 84.2M CNY
Revenue growth (YoY) -41.3%
Return on equity -57.4%
Free cash flow 253M CNY FY2025
Operating margin -212%
EPS (TTM) ¥-1.32
More key figures
EPS growth (YoY) -86.6%
Net debt 2.1B CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 21

Profitability 0
Margins and returns on capital today
Quality Growth 5
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 37
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

LingNan Eco&Culture-Tourism Co.,Ltd. engages in the planning and design, water conservancy and environment, municipal administration and gardening, cultural technology and tourism activities in China.

Full company description

LingNan Eco&Culture-Tourism Co.,Ltd. engages in the planning and design, water conservancy and environment, municipal administration and gardening, cultural technology and tourism activities in China. The company undertakes planning and design, municipal and landscape engineering, and water conservancy and water environment engineering; and involved in the municipal roads and bridges, municipal water affairs, landscape and rural revitalization, etc. It also engages in the cultural tourism business; and provides investment, planning, construction, and operation services. The company was formerly known as LingNan Landscape Co., Ltd. and changed its name to LingNan Eco&Culture-Tourism Co.,Ltd. in February 2018. LingNan Eco&Culture-Tourism Co.,Ltd. was founded in 1998 and is headquartered in Dongguan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LingNan Eco&Culture-Tourism Co reported revenue of ¥112M in FY2025 versus ¥4.8B in FY2021, a compound −60.9%/yr. Reported net income was −¥2.3B in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
112M CNY
Latest YoY
−87.0%
Avg. growth/yr (3Y) 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.
−64.8%
Avg. growth/yr (5Y) 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.
−55.8%
Avg. growth/yr (17Y) 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.
−3.3%
Revenue −60.9%/yr
FY21 ¥4.8B
FY22 ¥2.6B
FY23 ¥2.1B
FY24 ¥862M
FY25 ¥112M
Net income
FY21 ¥47.0M
FY22 −¥1.5B
FY23 −¥1.1B
FY24 −¥984M
FY25 −¥2.3B

002717 screens 20% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "LingNan Eco&Culture-Tourism Co Fair Value". https://www.fairvalue-calculator.com/stock/002717

Peer Group

Engineering & Construction · 839 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 33 · Bottom 25%
Fair Value upside −20% · Below median
Return on assets -4% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -41% · Bottom 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/S (TTM) 3.66× · Pricier than 75% of peers
P/FCF 1.2× · Cheaper than median

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 7 · sector 16
FUTURE 0 · sector 17
PAST 0 · sector 26
HEALTH 100 · sector 94
DIVIDEND 0 · sector 33

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is LingNan Eco&Culture-Tourism Co (002717) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.8200 versus a price of ¥1.02, about −20% (overvalued).
What is the fair value of 002717?
Our model-based fair value for LingNan Eco&Culture-Tourism Co is ¥0.8200 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥1.02.
What is the quality score of 002717?
LingNan Eco&Culture-Tourism Co 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 revenue of LingNan Eco&Culture-Tourism Co (002717)?
LingNan Eco&Culture-Tourism Co reported trailing-twelve-month revenue of about 84.2M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002717?
The net profit margin of LingNan Eco&Culture-Tourism Co is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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