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Zhong An Group (0672) Fair Value & Analysis

Real Estate · HK · Market cap HK$465M

ZA Zhong An Group 0672 · HK
PriceHK$0.0880
Fair ValueHK$0.0874
Upside-0.7%
Quality32/100
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Expensive Growth
Loss-making · -10.2% net margin
Moderate debt · negative free cash flow
Trails peers (0/9)
Narrow moat 11/100
Evidence: Low Range HK$0.0676 – HK$0.1260 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0983 to HK$0.0874 (−11.1%) since Aug 2, 2026. Share price +10.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$0.0676 to HK$0.1260) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$0.4200 HK$0.0800 Fair Value HK$0.0874 Mar 2021 Aug 2026

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$0.0800 – HK$0.4200 · fair‑value band HK$0.0676 – HK$0.1260 · the HK$0.0880 price screens above the HK$0.0874 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Zhong An Group (0672) currently trades at HK$0.0880, while our model-based Fair Value estimate is HK$0.0874, implying the stock looks roughly 0.7% fairly valued today. The Quality Score stands at 32/100 (below-average 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: low).

Over the trailing twelve months, Zhong An Group generated revenue of HK$8.8B at a net margin of -10.2%. Revenue declined 52.3% year over year. It earns a return on equity of -7.9%. Net debt stands at HK$6.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0676 (bear case) to HK$0.1260 (bull case); at HK$0.0880, 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 47% below its 52-week high and 16% 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 -1%, 0672 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 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
NCAV (Graham) HK$0.7900 HK$1.06 HK$1.59 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.7900 HK$1.06 HK$1.59 50

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Key figures & financial health

Revenue (TTM) HK$8.8B
Revenue growth (YoY) -52.3%
Net margin -10.2%
Return on equity -7.9%
Free cash flow −HK$305M FY2025
Operating margin -17.1%
More key figures
EPS (TTM) HK$0.0100
EPS growth (YoY) +3.3%
Net debt HK$6.2B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 31 · Market factors (momentum, volatility) 26

Profitability 5
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
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

Zhong An Group Limited, an investment holding company, engages in property development, property leasing, and hotel operations. It operates in two segments, Residential and Commercial.

Full company description

Zhong An Group Limited, an investment holding company, engages in property development, property leasing, and hotel operations. It operates in two segments, Residential and Commercial. The Residential segment is involved in the development and sale of residential properties; and provision of property management, project management, and other services to residential properties in Mainland China and Canada. The Commercial segment engages in the development and sale of commercial properties; ownership and operation of hotels; provision of project management and other services to commercial properties in Mainland China, Japan, and the United Kingdom. It is involved in the theatre and hotel management, agricultural development, development management, project and investment management, construction design, and shipping businesses. The company was formerly known as Zhong An Real Estate Limited and changed its name to Zhong An Group Limited in June 2019. Zhong An Group Limited was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhong An Group reported revenue of HK$8.8B in FY2025 versus HK$5.0B in FY2021, a compound +15.3%/yr. Reported net income was −HK$892M in FY2025.

Growth Quality 13/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$8.8B
Latest YoY
−37.0%
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.
−1.7%
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.
+3.4%
Avg. growth/yr (21Y) 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.
+17.3%
Revenue +15.3%/yr
FY21 HK$5.0B
FY22 HK$9.3B
FY23 HK$14.5B
FY24 HK$13.9B
FY25 HK$8.8B
Net income
FY21 HK$73.1M
FY22 HK$187M
FY23 HK$479M
FY24 HK$19.9M
FY25 −HK$892M

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Cite: Fair Value Calculator (2026). "Zhong An Group Fair Value". https://www.fairvalue-calculator.com/stock/0672

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.

Quality Score 33 · Bottom 25%
Fair Value upside +2% · Below median
Return on assets 0% · Below median
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) -17% · Bottom 25%
Revenue growth -52% · Bottom 25%
Debt / equity 0.69× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

EV/EBITDA 41.9× · 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 36 · sector 47
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 66 · sector 85
DIVIDEND 0 · sector 58

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 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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Frequently asked questions

Is Zhong An Group (0672) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0874 versus a price of HK$0.0880, about −1% (fairly valued).
What is the fair value of 0672?
Our model-based fair value for Zhong An Group is HK$0.0874 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0880.
What is the quality score of 0672?
Zhong An Group has a Quality Score of 32/100. 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 Zhong An Group (0672)?
Zhong An Group reported trailing-twelve-month revenue of about HK$8.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0672?
The net profit margin of Zhong An Group is about -10.2%, 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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