China Communications Services Corp Ltd (0552) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of China Communications Services Corp Ltd stock HK$7.33, price HK$3.53, upside +107.6%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.
How to read this chart
60‑month range HK$1.74 – HK$5.21 · fair‑value band HK$5.27 – HK$9.83 · the HK$3.53 price screens below the HK$7.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 14, 2026.
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China Communications Services Corporation Limited, together with its subsidiaries provides telecommunications support services worldwide.
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It offers telecommunications infrastructure services, including planning, design, construction, and project supervision for fixed line, mobile, broadband networks, data centers and supporting systems; and integrated solutions for informatization, digitalization, and intelligentization.
The company also provides business process outsourcing services comprising network maintenance and optimization services that include fiber optic and electric cables, mobile base stations, network equipment, and terminals; general facilities management services for customers data centers, cloud computing bases, commercial and residential buildings, high-speed railway stations, airports, etc.; and supply chain services, including warehousing, transportation, integrated logistics, procurement and tendering, and quality inspection, as well as repair and disposition to domestic telecommunications operators, government and enterprise customers.
In addition, it offers applications, content, and other services, such as system integration, software development and system support, value-added, and other services. Further, the company provides submarine cable installation and other related services.
Additionally, it involved in the distribution of communication and information products; terminal sales; device distribution services; and distribution and procurement services of IT devices, auxiliary machinery, and equipment.
The company was incorporated in 2006 and is headquartered in Beijing, China.
Stock analysis
China Communications Services Corp Ltd (0552) currently trades at HK$3.53, while our model-based Fair Value estimate is HK$7.33, implying the stock looks roughly 52% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$9.73 per share, and 24 of the 25 models we run sit above the HK$3.53 price.
Bear case: the Asset-Based group reads lowest at HK$2.20, and 1 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$5.27 (bear) to HK$9.83 (bull), the price of HK$3.53 sits below 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 49/100 (below-average quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
China Communications Services Corp Ltd reported revenue of 146B CNY in FY2025 versus 134B CNY in FY2021, a compound +2.2%/yr. Reported net income was 3.5B CNY in FY2025, compounding +2.7%/yr from FY2021.
Key figures
Market cap HK$24.4B (≈ $3.1B) Mid · P/E ratio 6.7 · P/S ratio 0.16 · Dividend yield 7.3% · Net margin 2.4% · Return on equity 7.4% · Return on assets (EBIT) −0.7% (5-year average) · Operating margin 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 49% fair-value upside, at 108%, 0552 screens cheaper than that median.
Fair Value models
BearHK$5.27Fair Value HK$7.33BullHK$9.83
Price HK$3.53 · Upside +107.6%
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.39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
Start year 2020 (pandemic). Over 10 years: +6.1% a year
Revenue growth 22 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
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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.
+10.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.7%
Dividend (yield on the price)7.3%
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.2.7% vs 4.2%, steady
Profit margin 2020 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.−2% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +3.7% a year for the price and +1.2% for the forecasts.
Compare China Communications Services Corp 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.Telecom Services · 251 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+107.6% · Top 25%
Profitability
Return on equity (12 months)7.4% · Below median
Return on assets2.6% · Below median
Net margin (12 months)2.3% · Below median
Operating margin (12 months)2.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.2% · Bottom 25%
Dividend yield (12 months)7.3% · Top 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Is China Communications Services Corp Ltd (0552) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of HK$7.33 versus a price of HK$3.53, about +108% upside (undervalued).
What is the fair value of 0552?
Our model-based fair value for China Communications Services Corp Ltd is HK$7.33 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$3.53.
What is the quality score of 0552?
China Communications Services Corp Ltd has a Quality Score of 49/100. 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 China Communications Services Corp Ltd (0552)?
Our model-based price target is the fair value of HK$7.33 (as of Nov 14, 2026) from 25 valuation models. Cautious scenario HK$5.27, optimistic scenario HK$9.83. It is a calculation from audited fundamentals, not an analyst target.
What is the China Communications Services Corp Ltd stock forecast for 2026?
Our models put fair value at HK$7.33, about +108% upside versus a price of HK$3.53 (undervalued). Cautious scenario HK$5.27, optimistic scenario HK$9.83. The calculation is refreshed regularly with new filings.
What is the revenue of China Communications Services Corp Ltd (0552)?
China Communications Services Corp Ltd reported trailing-twelve-month revenue of about 148B CNY (latest available figure, as of Nov 14, 2026).
Does China Communications Services Corp Ltd pay a dividend?
China Communications Services Corp Ltd currently shows a dividend yield of 7.28% relative to its recent price (as of Nov 14, 2026).
How much is the dividend of China Communications Services Corp Ltd (0552) and when is the ex-dividend date?
China Communications Services Corp Ltd pays a dividend of HK$0.257 per share a year, a dividend yield of 7.3%. The last ex-dividend date was Jun 5, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 45.6% of earnings. Free cash flow covers the dividend 0.11 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into China Communications Services Corp Ltd (0552)?
For today's price to be fair in a discounted-cash-flow model, China Communications Services Corp Ltd would have to grow free cash flow by +5.5 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.6 % per year. As of Nov 14, 2026.
What discount rate (WACC) does the fair value of 0552 use?
Our models discount China Communications Services Corp Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.52, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For China Communications Services Corp Ltd that is +5.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has China Communications Services Corp Ltd (0552) delivered so far?
Over the past 5 years revenue at China Communications Services Corp Ltd grew +3.6 % a year. The price currently implies free-cash-flow growth of +5.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of China Communications Services Corp Ltd (0552) growing?
The median revenue growth in the sector is +3.9 % a year. That is the yardstick for the growth priced into China Communications Services Corp Ltd (+5.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of China Communications Services Corp Ltd (0552)?
The free-cash-flow yield on the price is 0.86 %: that much free cash flow China Communications Services Corp Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of China Communications Services Corp Ltd (0552)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Communications Services Corp Ltd it is HK$7.33 per share (as of Nov 14, 2026), against a price of HK$3.53. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is China Communications Services Corp Ltd stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 0552 trades below its calculated fair value: price HK$3.53, fair value HK$7.33, a gap of about +108% (undervalued). 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 0552?
No. The price is what the market pays today (HK$3.53); the fair value is what the company's own numbers justify (HK$7.33). For China Communications Services Corp Ltd the two are HK$3.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Communications Services Corp Ltd worth?
The market values China Communications Services Corp Ltd at about HK$24.4B (market capitalisation, as of Nov 14, 2026). Per share that is HK$3.53; our models calculate a fair value of HK$7.33 per share.
What do the bullish and bearish scenarios say about 0552?
Our models span a range for China Communications Services Corp Ltd: cautious scenario HK$5.27, base HK$7.33, optimistic HK$9.83 per share (as of Nov 14, 2026, price HK$3.53). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0552?
China Communications Services Corp Ltd trades at a price-to-earnings ratio of 6.7 (as of Nov 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$7.33 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.1. Other multiples: PEG 0.4, P/B 0.4, P/S 0.1, EV/EBITDA 1.0.
What is the PEG ratio of 0552?
The PEG ratio of China Communications Services Corp Ltd is 0.44 (P/E divided by earnings growth, as of Nov 14, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of China Communications Services Corp Ltd (0552)?
Balance-sheet figures for China Communications Services Corp Ltd (as of Nov 14, 2026): return on equity 7.4%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 0552 from its 52-week high?
China Communications Services Corp Ltd trades at HK$3.53, about 24% below its 52-week high of HK$4.67 and at the low of HK$3.53 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$7.33 is for.
Which stocks are comparable to China Communications Services Corp Ltd?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 China Communications Services Corp Ltd stock attractive at the current price?
The data as of Nov 14, 2026: price HK$3.53, calculated fair value HK$7.33 (+108%), Quality Score 49/100, from 25 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 0552 calculated?
We run China Communications Services Corp Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$7.33 builds on their evidence-weighted average, 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 13.9% above its aggregate fair value. China Communications Services Corp Ltd currently trades 52% below its own fair value, and the market average says nothing about that. 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 China Communications Services Corp Ltd (0552)?
The closing price on Nov 13, 2026 was HK$3.53. Our model-based fair value is HK$7.33, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Communications Services Corp Ltd right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$5.27). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$5.27 to HK$9.83) leaves room in how you read the outcome.
Key figures of China Communications Services Corp Ltd
How large is the market capitalisation of China Communications Services Corp Ltd (0552)?
The market capitalisation of China Communications Services Corp Ltd is HK$24.4B (≈ $3.1B). 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 China Communications Services Corp Ltd (0552)?
The price-to-sales ratio of China Communications Services Corp Ltd is 0.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of China Communications Services Corp Ltd (0552)?
The dividend yield of China Communications Services Corp Ltd is 7.3%. 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 China Communications Services Corp Ltd (0552)?
The net margin of China Communications Services Corp Ltd is 2.4% (fiscal year 2025). 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 China Communications Services Corp Ltd (0552)?
The return on equity (ROE) of China Communications Services Corp Ltd is 7.4% (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 China Communications Services Corp Ltd (0552)?
On an EBIT basis the return on assets of China Communications Services Corp Ltd is −0.7% (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 China Communications Services Corp Ltd (0552)?
The operating margin of China Communications Services Corp Ltd is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Communications Services Corp Ltd (0552)?
Revenue at China Communications Services Corp Ltd is growing −3.2% versus a year earlier (3y avg +1.3%). 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 China Communications Services Corp Ltd (0552)?
Earnings per share at China Communications Services Corp Ltd are growing −7.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does China Communications Services Corp Ltd (0552) hold?
China Communications Services Corp Ltd holds more cash than debt, 9.7B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 14, 2026