Central China Real Estate Ltd (0832) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Central China Real Estate Ltd HK$0.06, price HK$0.04, upside +56.1%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range HK$0.0300 – HK$1.98 · fair‑value band HK$0.0541 – HK$0.0764 · the HK$0.0410 price screens below the HK$0.0640 fair value. Dashed = 300-day average. As of Sep 29, 2026.
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Central China Real Estate Limited, an investment holding company, engages in property development in the People's Republic of China. The company develops residential and commercial properties. It is also involved in property leasing; and hotel operations. The company was founded in 1992 and is based in Zhengzhou, the People's Republic of China.
Stock analysis
Central China Real Estate Ltd (0832) currently trades at HK$0.0410, while our model-based Fair Value estimate is HK$0.0640, implying the stock looks roughly 35.9% undervalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 94/100, which puts the evidence level at low.
Scenario range: HK$0.0541 (bear) to HK$0.0764 (bull), the price of HK$0.0410 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 40/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Central China Real Estate Ltd reported revenue of 11.8B CNY in FY2025 versus 42.0B CNY in FY2021, a compound −27.2%/yr. Reported net income was −3.0B CNY in FY2025.
Key figures
Market cap HK$121M (≈ $15.4M) · EPS (TTM) HK$−0.4300 · Net margin −25.8% · Return on equity −234% · Return on assets (EBIT) −0.8% · Operating margin −11.8% · Revenue (TTM) 11.8B CNY · Revenue growth (YoY) −40.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 56%, 0832 screens cheaper than that median.
Fair Value models
Bear HK$0.0541Fair Value HK$0.0640Bull HK$0.0764
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−26.5%
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.
−21.1%
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.
−22.9%
Start year 2020 (pandemic). Over 10 years: −0.6% a year
Revenue growth 20 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.
+12.4%
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Profit margin (trend) ⓘ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.
9.5% (2020) → −9.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Central China Real Estate 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.Real Estate - Development · 575 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside+56.1% · Above median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−0.7% · Bottom 25%
Net margin (TTM)−25.8% · Bottom 25%
Operating margin (TTM)−11.8% · Bottom 25%
Growth and dividend
Revenue growth−40.6% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
PEG0.32× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 69
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 12
HEALTH (low debt)0· sector 83
DIVIDEND (yield)0· sector 56
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Central China Real Estate Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0832
Frequently asked questions
Is Central China Real Estate Ltd (0832) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of HK$0.0640 versus a price of HK$0.0410, about +56% upside (undervalued).
What is the fair value of 0832?
Our model-based fair value for Central China Real Estate Ltd is HK$0.0640 (as of Sep 29, 2026), built from audited fundamentals. The current price: HK$0.0410.
What is the quality score of 0832?
Central China Real Estate Ltd has a Quality Score of 40/100. 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 Central China Real Estate Ltd (0832)?
Our model-based price target is the fair value of HK$0.0640 (as of Sep 29, 2026) from 6 valuation models. Cautious scenario HK$0.0541, optimistic scenario HK$0.0764. It is a calculation from audited fundamentals, not an analyst target.
What is the Central China Real Estate Ltd stock forecast for 2026?
Our models put fair value at HK$0.0640, about +56% upside versus a price of HK$0.0410 (undervalued). Cautious scenario HK$0.0541, optimistic scenario HK$0.0764. The calculation is refreshed regularly with new filings.
What is the revenue of Central China Real Estate Ltd (0832)?
Central China Real Estate Ltd reported trailing-twelve-month revenue of about 11.8B CNY (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of Central China Real Estate Ltd (0832)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Central China Real Estate Ltd it is HK$0.0640 per share (as of Sep 29, 2026), against a price of HK$0.0410. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Central China Real Estate Ltd stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0832 trades below its calculated fair value: price HK$0.0410, fair value HK$0.0640, a gap of about +56% (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 0832?
No. The price is what the market pays today (HK$0.0410); the fair value is what the company's own numbers justify (HK$0.0640). For Central China Real Estate Ltd the two are HK$0.0230 per share apart. That gap is exactly why we show both numbers side by side.
How much is Central China Real Estate Ltd worth?
The market values Central China Real Estate Ltd at about HK$121M (market capitalisation, as of Sep 29, 2026). Per share that is HK$0.0410; our models calculate a fair value of HK$0.0640 per share.
What do the bullish and bearish scenarios say about 0832?
Our models span a range for Central China Real Estate Ltd: cautious scenario HK$0.0541, base HK$0.0640, optimistic HK$0.0764 per share (as of Sep 29, 2026, price HK$0.0410). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0832?
The PEG ratio of Central China Real Estate Ltd is 0.32 (P/E divided by earnings growth, as of Sep 29, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Central China Real Estate Ltd (0832)?
Balance-sheet figures for Central China Real Estate Ltd (as of Sep 29, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 0832 from its 52-week high?
Central China Real Estate Ltd trades at HK$0.0410, about 59% below its 52-week high of HK$0.1010 and 37% above the low of HK$0.0300 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0640 is for.
Which stocks are comparable to Central China Real Estate Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, 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 Central China Real Estate Ltd stock attractive at the current price?
The data as of Sep 29, 2026: price HK$0.0410, calculated fair value HK$0.0640 (+56%), Quality Score 40/100, from 6 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 0832 calculated?
We run Central China Real Estate Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.0640, 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 14.7 % above its aggregate fair value. Central China Real Estate Ltd currently trades 36 % 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 Central China Real Estate Ltd (0832)?
The closing price on Sep 30, 2026 was HK$0.0410. Our model-based fair value is HK$0.0640, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Central China Real Estate Ltd right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$0.0541). 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Central China Real Estate Ltd
How large is the market capitalisation of Central China Real Estate Ltd (0832)?
The market capitalisation of Central China Real Estate Ltd is HK$121M (≈ $15.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Central China Real Estate Ltd (0832)?
Earnings per share at Central China Real Estate Ltd are HK$−0.4300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Central China Real Estate Ltd (0832)?
The net margin of Central China Real Estate Ltd is −25.8% (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 Central China Real Estate Ltd (0832)?
The return on equity (ROE) of Central China Real Estate Ltd is −234% (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 Central China Real Estate Ltd (0832)?
On an EBIT basis the return on assets of Central China Real Estate Ltd is −0.8% (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 Central China Real Estate Ltd (0832)?
The operating margin of Central China Real Estate Ltd is −11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Central China Real Estate Ltd (0832)?
Revenue at Central China Real Estate Ltd is growing −40.6% versus a year earlier (3y avg −21.1%). 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 Central China Real Estate Ltd (0832)?
Earnings per share at Central China Real Estate Ltd are growing −1.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Central China Real Estate Ltd (0832) generate?
The free cash flow of Central China Real Estate Ltd is 1.4B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Central China Real Estate Ltd (0832) carry?
The net debt of Central China Real Estate Ltd is 22.5B CNY (fiscal year 2025, ≈ 15.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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