Shoucheng Holdings Ltd (0697) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Shoucheng Holdings Ltd stock HK$1.31, price HK$1.19, upside +10.0%, quality 54 out of 100. Rating: fairly valued. Calculated from audited financials with 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$0.6894 – HK$2.40 · fair‑value band HK$0.9163 – HK$1.70 · the HK$1.19 price screens below the HK$1.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 14, 2026.
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Shoucheng Holdings Limited, an investment holding company, engages in the infrastructure asset management business. It also offers private fund, asset management services; management services; equity investment; and operates carparks, as well as provides equity investments.
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The company was formerly known as Shougang Concord International Enterprises Company Limited and changed its name to Shoucheng Holdings Limited in May 2020. Shoucheng Holdings Limited was incorporated in 1985 and is based in North Point, Hong Kong.
Stock analysis
Shoucheng Holdings Ltd (0697) currently trades at HK$1.19, while our model-based Fair Value estimate is HK$1.31, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$2.22 per share, and 15 of the 26 models we run sit above the HK$1.19 price.
Bear case: the Asset-Based group reads lowest at HK$0.3100, and 11 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.9163 (bear) to HK$1.70 (bull), the price of HK$1.19 sits inside 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 54/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shoucheng Holdings Ltd reported revenue of HK$1.4B in FY2025 versus HK$1.2B in FY2021, a compound +4.7%/yr. Reported net income was HK$310M in FY2025.
Key figures
Market cap HK$9.8B (≈ $1.2B) Small · P/E ratio 62.5 · P/S ratio 13.5 · Dividend yield 2.0% · Net margin 21.6% · Return on equity 1.6% · Return on assets (EBIT) 4.9% (5-year average) · Operating margin 22.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 9% fair-value upside, at 10%, 0697 screens cheaper than that median.
Fair Value models
BearHK$0.9163Fair Value HK$1.31BullHK$1.70
Price HK$1.19 · Upside +10.0%
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+18.2%
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.
−3.5%
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.
+15.3%
Start year 2020 (pandemic). Over 10 years: −15.0% a year
Revenue growth 26 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.
−2.3%
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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.
−11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.5%
Dividend (yield on the price)2.0%
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.9% → 15%
⚠ Revenue per share shrinking 31.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−11.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −13.1% a year for the price.
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.Infrastructure Operations · 64 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+10.0% · Below median
Profitability
Return on equity (12 months)1.6% · Below median
Return on assets2.0% · Below median
Net margin (12 months)12.7% · Above median
Operating margin (12 months)22.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−6.0% · Bottom 25%
Dividend yield (12 months)2.0% · Bottom 25%
Balance sheet
Debt / equity0.09× · Lowest 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
P/E (12 months)62.5× · Priciest 25%
P/B0.88× · Cheaper than median
P/S (12 months)7.03× · Priciest 25%
Price / free cash flow (fiscal year)12.0× · Pricier than median
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Is Shoucheng Holdings Ltd (0697) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of HK$1.31 versus a price of HK$1.19, about +10% upside (fairly valued).
What is the fair value of 0697?
Our model-based fair value for Shoucheng Holdings Ltd is HK$1.31 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$1.19.
What is the quality score of 0697?
Shoucheng Holdings Ltd has a Quality Score of 54/100. 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 Shoucheng Holdings Ltd (0697)?
Our model-based price target is the fair value of HK$1.31 (as of Nov 14, 2026) from 26 valuation models. Cautious scenario HK$0.9163, optimistic scenario HK$1.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Shoucheng Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$1.31, about +10% upside versus a price of HK$1.19 (fairly valued). Cautious scenario HK$0.9163, optimistic scenario HK$1.70. The calculation is refreshed regularly with new filings.
What is the revenue of Shoucheng Holdings Ltd (0697)?
Shoucheng Holdings Ltd reported trailing-twelve-month revenue of about HK$1.4B (latest available figure, as of Nov 14, 2026).
Does Shoucheng Holdings Ltd pay a dividend?
Shoucheng Holdings Ltd currently shows a dividend yield of 2.02% relative to its recent price (as of Nov 14, 2026).
How much is the dividend of Shoucheng Holdings Ltd (0697) and when is the ex-dividend date?
Shoucheng Holdings Ltd pays a dividend of HK$0.024 per share a year, a dividend yield of 2.0%. The next ex-dividend date is Dec 10, 2026. A dividend has been paid every year since 2019. The payout ratio is 61.3% of earnings. Free cash flow covers the dividend 4.30 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Shoucheng Holdings Ltd (0697)?
Today's price is already fair in a discounted-cash-flow model if free cash flow at Shoucheng Holdings Ltd shrinks by 11.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew 15.3 % per year. As of Nov 14, 2026.
What discount rate (WACC) does the fair value of 0697 use?
Our models discount Shoucheng Holdings Ltd at 11.6 %: a base by market capitalisation (small), damped by beta 0.93, 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 Shoucheng Holdings Ltd that is -11.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Shoucheng Holdings Ltd (0697) delivered so far?
Over the past 5 years revenue at Shoucheng Holdings Ltd grew 15.3 % a year. The price currently implies free-cash-flow growth of -11.3 % 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 Shoucheng Holdings Ltd (0697) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into Shoucheng Holdings Ltd (-11.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shoucheng Holdings Ltd (0697)?
The free-cash-flow yield on the price is 8.34 %: that much free cash flow Shoucheng Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shoucheng Holdings Ltd (0697)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shoucheng Holdings Ltd it is HK$1.31 per share (as of Nov 14, 2026), against a price of HK$1.19. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Shoucheng Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 0697 trades below its calculated fair value: price HK$1.19, fair value HK$1.31, a gap of about +10% (fairly valued). 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 0697?
No. The price is what the market pays today (HK$1.19); the fair value is what the company's own numbers justify (HK$1.31). For Shoucheng Holdings Ltd the two are HK$0.1190 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shoucheng Holdings Ltd worth?
The market values Shoucheng Holdings Ltd at about HK$9.8B (market capitalisation, as of Nov 14, 2026). Per share that is HK$1.19; our models calculate a fair value of HK$1.31 per share.
What do the bullish and bearish scenarios say about 0697?
Our models span a range for Shoucheng Holdings Ltd: cautious scenario HK$0.9163, base HK$1.31, optimistic HK$1.70 per share (as of Nov 14, 2026, price HK$1.19). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0697?
Shoucheng Holdings Ltd trades at a price-to-earnings ratio of 62.5 (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$1.31 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2020 to 2025), reported earnings: 23.7. Other multiples: P/B 0.9, P/S 7.0, EV/EBITDA 24.7.
How solid is the balance sheet of Shoucheng Holdings Ltd (0697)?
Balance-sheet figures for Shoucheng Holdings Ltd (as of Nov 14, 2026): return on equity 1.6%, debt of 0.09 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 0697 from its 52-week high?
Shoucheng Holdings Ltd trades at HK$1.19, about 47% below its 52-week high of HK$2.27 and at the low of HK$1.19 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.31 is for.
Which stocks are comparable to Shoucheng Holdings Ltd?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, 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 Shoucheng Holdings Ltd stock attractive at the current price?
The data as of Nov 14, 2026: price HK$1.19, calculated fair value HK$1.31 (+10%), Quality Score 54/100, from 26 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 0697 calculated?
We run Shoucheng Holdings Ltd through 26 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$1.31 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 14.1% above its aggregate fair value. Shoucheng Holdings Ltd currently trades 9% 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 Shoucheng Holdings Ltd (0697)?
The closing price on Nov 13, 2026 was HK$1.19. Our model-based fair value is HK$1.31, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shoucheng Holdings Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (HK$0.9163 to HK$1.70) 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.
Key figures of Shoucheng Holdings Ltd
How large is the market capitalisation of Shoucheng Holdings Ltd (0697)?
The market capitalisation of Shoucheng Holdings Ltd is HK$9.8B (≈ $1.2B). 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 Shoucheng Holdings Ltd (0697)?
The price-to-sales ratio of Shoucheng Holdings Ltd is 13.5 (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 Shoucheng Holdings Ltd (0697)?
The dividend yield of Shoucheng Holdings Ltd is 2.0%. 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 Shoucheng Holdings Ltd (0697)?
The net margin of Shoucheng Holdings Ltd is 21.6% (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 Shoucheng Holdings Ltd (0697)?
The return on equity (ROE) of Shoucheng Holdings Ltd is 1.6% (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 Shoucheng Holdings Ltd (0697)?
On an EBIT basis the return on assets of Shoucheng Holdings Ltd is 4.9% (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 Shoucheng Holdings Ltd (0697)?
The operating margin of Shoucheng Holdings Ltd is 22.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shoucheng Holdings Ltd (0697)?
Revenue at Shoucheng Holdings Ltd is down 6.0% versus a year earlier (3y avg −3.5%). 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 Shoucheng Holdings Ltd (0697)?
Earnings per share at Shoucheng Holdings Ltd are down 47.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shoucheng Holdings Ltd (0697) hold?
Shoucheng Holdings Ltd holds more cash than debt, HK$697M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 14, 2026