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Shenzhen Cheng Chung Design Co (002811) Fair Value & Analysis

Industrials · CN · Market cap 3.8B CNY

SC Shenzhen Cheng Chung Design Co 002811 · SHE
Price¥10.27
Fair Value¥8.55
Upside-16.7%
Quality62/100
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Weak Growth
Solidly profitable · 11.1% net margin
Low debt · generates free cash flow
2.81% dividend yield
Mixed vs. peers (8/14)
Moderate moat 50/100
Evidence: High Range ¥6.69 – ¥10.34 Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −5.9% over the past month.

A solid business, but screening 17% overvalued on our models.

What matters now

  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥6.69 (bear) to ¥10.34 (bull), base ¥8.55. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥17.60 ¥4.47 Fair Value ¥8.55 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 ¥4.47 – ¥17.60 · fair‑value band ¥6.69 – ¥10.34 · the ¥10.27 price screens above the ¥8.55 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

Shenzhen Cheng Chung Design Co (002811) currently trades at ¥10.27, while our model-based Fair Value estimate is ¥8.55, implying the stock looks roughly 16.7% overvalued today. The Quality Score stands at 62/100 (solid 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: high).

Over the trailing twelve months, Shenzhen Cheng Chung Design Co generated revenue of 1.5B CNY at a net margin of 11.1%. Revenue grew 39.7% year over year. It earns a return on equity of 11.9%. The balance sheet holds a net cash position of 491M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥6.69 (bear case) to ¥10.34 (bull case); at ¥10.27, the current price sits within 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 42% 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 -45% fair-value upside, at -17%, 002811 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 ¥9.23 ¥11.79 ¥15.48 80
Residual Income ¥4.11 ¥4.58 ¥6.47 76
Rev-Margin DCF ¥7.00 ¥9.22 ¥11.77 74
All 24 models by family
DCF Models
FCF DCF ¥9.00 ¥11.68 ¥15.79 38
Owner Earnings ¥5.57 ¥7.02 ¥9.24 31
5Y Revenue Exit ¥7.00 ¥9.09 ¥11.79 39
5Y EBITDA Exit ¥7.79 ¥10.46 ¥13.61 41
5Y P/E Exit ¥8.60 ¥11.86 ¥15.32 38
10Y Revenue Exit ¥7.60 ¥9.54 ¥11.75 36
10Y EBITDA Exit ¥8.20 ¥10.43 ¥12.98 37
10Y P/E Exit ¥8.69 ¥11.35 ¥14.14 35
Earnings-Based
Graham-Dodd ¥3.40 ¥6.56 ¥8.19 54
EPV ¥5.23 ¥5.81 ¥6.31 59
Dividend Discount
Gordon GGM ¥4.46 ¥6.10 ¥7.71 70
DDM Multi-Stage ¥4.46 ¥6.12 ¥7.98 61
Multiples
P/E Multiple ¥7.87 ¥10.49 ¥13.12 63
P/S Multiple ¥6.37 ¥8.49 ¥10.62 58
P/B Multiple ¥6.37 ¥8.49 ¥10.62 55
EV/EBIT ¥7.89 ¥10.01 ¥12.13 53
EV/EBITDA ¥7.88 ¥10.00 ¥12.11 54
EV/Revenue ¥6.07 ¥8.01 ¥9.96 43
Asset-Based
NCAV (Graham) ¥2.31 ¥3.09 ¥4.61 50
Growth DCF
Growth DCF ¥9.23 ¥11.79 ¥15.48 80
Rev-Margin DCF ¥7.00 ¥9.22 ¥11.77 74
Economic Profit
Residual Income ¥4.11 ¥4.58 ¥6.47 76
ROIC Compounder ¥5.28 ¥6.01 ¥6.76 72
Growth Earnings
Growth-Adj P/E ¥5.65 ¥8.07 ¥10.50 68

Widest divergence: DCF Models (¥10.43) versus Asset-Based (¥3.09). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) +39.7%
Net margin 11.1%
Return on equity 11.9%
Free cash flow 234M CNY FY2025
P/E ratio 21.8
More key figures
Operating margin 8.6%
EPS (TTM) ¥0.5700
Dividend yield 2.8%
EPS growth (YoY) +50.0%
Net cash 491M CNY FY2024

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 34

Profitability 41
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 18
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 Cheng Chung Design Co., Ltd. provides decoration design, consulting, and construction services in China and internationally. It offers its services to hotels, high-end residences and office buildings, luxury clubhouses, commercial complexes, and other decoration and design fields.

Full company description

Shenzhen Cheng Chung Design Co., Ltd. provides decoration design, consulting, and construction services in China and internationally. It offers its services to hotels, high-end residences and office buildings, luxury clubhouses, commercial complexes, and other decoration and design fields. The company was formerly known as Shenzhen Asiantime International Construction Co., Ltd. Shenzhen Cheng Chung Design Co., Ltd. was founded in 1994 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Cheng Chung Design Co reported revenue of ¥1.4B in FY2025 versus ¥1.9B in FY2021, a compound −7.8%/yr. Reported net income was ¥154M in FY2025, compounding +71.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4B CNY
Latest YoY
+16.2%
Avg. growth/yr (3Y)
+8.0%
Avg. growth/yr (5Y)
−6.1%
Avg. growth/yr (14Y)
+2.3%
Revenue −7.8%/yr
FY21 ¥1.9B
FY22 ¥1.1B
FY23 ¥1.1B
FY24 ¥1.2B
FY25 ¥1.4B
Net income +71.8%/yr
FY21 ¥17.7M
FY22 −¥175M
FY23 −¥48.5M
FY24 ¥95.4M
FY25 ¥154M

002811 screens 17% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Shenzhen Cheng Chung Design Co Fair Value". https://www.fairvalue-calculator.com/stock/002811

Peer Group

Engineering & Construction · 837 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 62 · Top 25%
Fair Value upside −17% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 5% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 40% · Top 25%
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 21.8× · Pricier than median
P/B 2.69× · Pricier than 75% of peers
P/S (TTM) 2.57× · Pricier than 75% of peers
P/FCF 2.4× · Pricier than median
EV/EBITDA 16.0× · 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 11 · sector 16
FUTURE 100 · sector 18
PAST 48 · sector 26
HEALTH 100 · sector 94
DIVIDEND 56 · sector 33

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 Shenzhen Cheng Chung Design Co (002811) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥8.55 versus a price of ¥10.27, about −17% (overvalued).
What is the fair value of 002811?
Our model-based fair value for Shenzhen Cheng Chung Design Co is ¥8.55 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥10.27.
What is the quality score of 002811?
Shenzhen Cheng Chung Design Co 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 revenue of Shenzhen Cheng Chung Design Co (002811)?
Shenzhen Cheng Chung Design Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002811?
The net profit margin of Shenzhen Cheng Chung Design Co is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Cheng Chung Design Co pay a dividend?
Shenzhen Cheng Chung Design Co currently shows a dividend yield of about 2.81% relative to its recent price (as of Jul 22, 2026).

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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