EN DE

Shenzhen Investment Holdings (0737) Fair Value & Analysis

Industrials · HK · Market cap HK$5.7B

SI Shenzhen Investment Holdings 0737 · HK
PriceHK$1.86
Fair ValueHK$1.65
Upside-11.3%
Quality62/100
Watch Shenzhen Investment Holdings for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Highly profitable · 59.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Moderate moat 53/100
Evidence: Medium Range HK$1.50 – HK$2.26 Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$1.53 to HK$1.65 (+7.8%) since Aug 5, 2026.

A solid business, but screening 11% overvalued on our models.

What matters now

  • Our model range runs from HK$1.50 (bear) to HK$2.26 (bull), base HK$1.65. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$2.13 HK$1.05 Fair Value HK$1.65 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$1.05 – HK$2.13 · fair‑value band HK$1.50 – HK$2.26 · the HK$1.86 price screens above the HK$1.65 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shenzhen Investment Holdings (0737) currently trades at HK$1.86, while our model-based Fair Value estimate is HK$1.65, implying the stock looks roughly 11.3% 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: medium).

Over the trailing twelve months, Shenzhen Investment Holdings generated revenue of HK$801M at a net margin of 59.7%. Revenue declined 3.0% year over year. It earns a return on equity of 7.6%. Net debt stands at HK$4.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.50 (bear case) to HK$2.26 (bull case); at HK$1.86, 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 7% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -11%, 0737 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
Growth DCF HK$1.58 HK$2.16 HK$3.13 80
Residual Income HK$1.30 HK$1.43 HK$2.03 76
ROIC Compounder HK$0.2200 HK$0.2800 HK$0.3300 72
All 21 models by family
DCF Models
FCF DCF HK$1.51 HK$2.12 HK$3.20 38
Owner Earnings HK$2.19 HK$3.04 HK$4.57 31
5Y Revenue Exit HK$0.6900 HK$0.8600 HK$1.11 39
5Y EBITDA Exit HK$1.45 HK$2.18 HK$3.14 41
5Y P/E Exit HK$1.72 HK$2.64 HK$3.74 38
10Y Revenue Exit HK$1.00 HK$1.16 HK$1.31 36
10Y EBITDA Exit HK$1.46 HK$1.96 HK$2.47 37
10Y P/E Exit HK$1.62 HK$2.23 HK$2.81 35
Earnings-Based
Graham-Dodd HK$1.00 HK$1.23 HK$1.38 54
EPV HK$0.2200 HK$0.2800 HK$0.3300 59
Multiples
P/E Multiple HK$2.33 HK$3.10 HK$3.88 63
P/S Multiple HK$0.3700 HK$0.5000 HK$0.6200 58
P/B Multiple HK$1.88 HK$2.51 HK$3.14 55
EV/EBIT HK$0.8200 HK$1.14 HK$1.47 53
EV/EBITDA HK$1.67 HK$2.28 HK$2.88 54
EV/Revenue HK$0.1700 HK$0.3100 HK$0.4400 43
Asset-Based
NCAV (Graham) HK$0.7500 HK$1.01 HK$1.51 50
Growth DCF
Growth DCF HK$1.58 HK$2.16 HK$3.13 80
Economic Profit
Residual Income HK$1.30 HK$1.43 HK$2.03 76
ROIC Compounder HK$0.2200 HK$0.2800 HK$0.3300 72
Growth Earnings
Growth-Adj P/E HK$1.64 HK$2.35 HK$3.05 68

Widest divergence: Growth Earnings (HK$2.35) versus Earnings-Based (HK$0.2800). Highest evidence: Growth DCF (80).

Notify me when 0737 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$801M
Revenue growth (YoY) -3.0%
Net margin 59.7%
Return on equity 7.6%
Free cash flow HK$550M FY2026
P/E ratio 10.9
More key figures
Operating margin -229%
EPS (TTM) HK$0.1681
EPS growth (YoY) -15.2%
Net debt HK$4.0B FY2026

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 56

Profitability 37
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 46
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

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People's Republic of China. It operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments.

Full company description

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People's Republic of China. It operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments. The company operates toll expressway projects comprising Guangzhou-Shenzhen superhighway and Guangzhou-Zhuhai West superhighway, and Guangshen coastal expressway. In addition, it is involved in the land development and utilization project activities; investment, construction, and operation of expressways; and loan finance activities. The company was formerly known as Hopewell Highway Infrastructure Limited and changed its name to Shenzhen Investment Holdings Bay Area Development Company Limited in June 2019. Shenzhen Investment Holdings Bay Area Development Company Limited was incorporated in 2003 and is based in Wan Chai, Hong Kong. As of January 11, 2022, Shenzhen Investment Holdings Bay Area Development Company Limited operates as a subsidiary of Mei Wah Industrial (Hong Kong) Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shenzhen Investment Holdings reported revenue of HK$766M in FY2026 versus HK$614M in FY2022, a compound +5.7%/yr. Reported net income was HK$455M in FY2026, compounding −10.6%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$766M
Latest YoY
−12.9%
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.
−1.0%
Avg. growth/yr (24Y) 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.
−1.0%
Revenue +5.7%/yr
FY22 HK$614M
FY23 HK$790M
FY24 HK$945M
FY25 HK$879M
FY26 HK$766M
Net income −10.6%/yr
FY22 HK$711M
FY23 HK$279M
FY24 HK$528M
FY25 HK$461M
FY26 HK$455M

0737 screens 11% overvalued. Compare with China Merchants Expressway Network & Technology Holdings →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Shenzhen Investment Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0737

Peer Group

Infrastructure Operations · 68 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 · Above median
Fair Value upside −11% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 1% · Below median
Net margin (TTM) 60% · Top 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 0.29× · Lower than median

Valuation Multiples vs Infrastructure Operations median · lower = cheaper

P/E (TTM) 10.9× · Cheaper than median
P/B 1.22× · Pricier than median
P/S (TTM) 7.08× · Pricier than 75% of peers
P/FCF 1.3× · Pricier than median
EV/EBITDA 12.0× · Pricier than median
PEG 0.66× · Cheaper 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 18 · sector 46
FUTURE 0 · sector 10
PAST 31 · sector 25
HEALTH 86 · sector 71
DIVIDEND 100 · sector 81

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 Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Compare Shenzhen Investment Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Shenzhen Investment Holdings (0737) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.65 versus a price of HK$1.86, about −11% (overvalued).
What is the fair value of 0737?
Our model-based fair value for Shenzhen Investment Holdings is HK$1.65 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.86.
What is the quality score of 0737?
Shenzhen Investment Holdings 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 Investment Holdings (0737)?
Shenzhen Investment Holdings reported trailing-twelve-month revenue of about HK$801M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0737?
The net profit margin of Shenzhen Investment Holdings is about 59.7%, meaning it keeps roughly 59.7% of revenue as net income. 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.

14 days Pro free · no card

Track Shenzhen Investment Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.