Shenzhen Investment Limited (0604) Fair Value & Analysis
Real Estate · HK · Market cap HK$5.4B
Fair value as of: Aug 13, 2026
From 11 valuation models · updated 2 days ago
Share price +2.3% over the past month.
A solid business, but screening 70% overvalued on our models.
What matters now
- The model range is unusually wide (HK$0.2000 to HK$0.8000). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.6100 – HK$2.17 · fair‑value band HK$0.2000 – HK$0.8000 · the HK$0.6750 price screens above the HK$0.2000 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Shenzhen Investment Limited (0604) currently trades at HK$0.6750, while our model-based Fair Value estimate is HK$0.2000, implying the stock looks roughly 70.4% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Real Estate 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).
Over the trailing twelve months, Shenzhen Investment Limited generated revenue of HK$40.4B at a net margin of -10.8%. Revenue grew 154.1% year over year. It earns a return on equity of -7.7%. Net debt stands at HK$32.6B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.2000 (bear case) to HK$0.8000 (bull case); at HK$0.6750, 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 40% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -70%, 0604 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.
All 11 models by family
Widest divergence: DCF Models (HK$8.96) versus Multiples (HK$1.57). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 28
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 Investment Limited, an investment holding company, develops, invests, and manages real estate properties in Mainland China. It operates through Property Development; Property Investment; Property Management; Manufacture; and Others segments.
Full company description
Shenzhen Investment Limited, an investment holding company, develops, invests, and manages real estate properties in Mainland China. It operates through Property Development; Property Investment; Property Management; Manufacture; and Others segments. The company invests in and develops residential and commercial properties; invests in commercial properties; manages properties; and manufactures and sells industrial products. It is also involved in hotels and warehouses operations; sale of agricultural products; and provision of construction services and other businesses. The company was incorporated in 1992 and is based in Tsim Sha Tsui, Hong Kong. Shenzhen Investment Limited operates as a subsidiary of Shum Yip Holdings Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shenzhen Investment Limited reported revenue of HK$40.4B in FY2025 versus HK$32.1B in FY2021, a compound +5.9%/yr. Reported net income was −HK$4.4B in FY2025.
0604 screens 70% overvalued. Compare with DLF Limited →
Peer Group
Real Estate - Development · 593 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.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹661.75 | ₹146.13 | -78% |
| Lodha Developers Limited LODHA | ₹1,209 | ₹583.43 | -52% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,150 IDR | 1,330 IDR | -78% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 595.00 IDR | 1,488 IDR | +150% |
| PT Sentul City Tbk, BKSL | 73.00 IDR | 84.16 IDR | +15% |
| PT Ciputra Development Tbk, CTRA | 610.00 IDR | 1,525 IDR | +150% |
| Khang Dien House Trading and Investment Joint Stock Company KDH | 18,150 VND | 20,338 VND | +12% |
| PT Duta Pertiwi Tbk DUTI | 4,300 IDR | 6,239 IDR | +45% |
| PT Puradelta Lestari Tbk DMAS | 147.00 IDR | 164.33 IDR | +12% |
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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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