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Jiande International Holdings (0865) Fair Value & Analysis

Real Estate · HK · Market cap HK$339M

JI Jiande International Holdings 0865 · HK
PriceHK$0.0450
Fair ValueHK$0.0570
Upside+26.7%
Quality63/100
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Weak Growth
Loss-making · -7.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 5/100
Evidence: Medium Range HK$0.0478 – HK$0.0616 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0520 to HK$0.0570 (+9.6%) since Aug 5, 2026. Share price −18.2% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.0478). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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$0.1200 HK$0.0160 Fair Value HK$0.0570 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$0.0160 – HK$0.1200 · fair‑value band HK$0.0478 – HK$0.0616 · the HK$0.0450 price screens below the HK$0.0570 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jiande International Holdings (0865) currently trades at HK$0.0450, while our model-based Fair Value estimate is HK$0.0570, implying the stock looks roughly 26.7% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Jiande International Holdings generated revenue of HK$91.3M at a net margin of -7.7%. Revenue grew 113.6% year over year. It earns a return on equity of -0.9%. The balance sheet holds a net cash position of HK$107M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0478 (bear case) to HK$0.0616 (bull case); at HK$0.0450, the current price sits below 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 37% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 27%, 0865 screens cheaper 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$0.0500 HK$0.0600 HK$0.0800 80
Rev-Margin DCF HK$0.0500 HK$0.0700 HK$0.0900 74
Gordon GGM HK$0.0100 HK$0.0200 HK$0.0300 70
All 9 models by family
DCF Models
FCF DCF HK$0.0500 HK$0.0600 HK$0.0800 38
5Y Revenue Exit HK$0.0500 HK$0.0700 HK$0.0900 39
10Y Revenue Exit HK$0.0500 HK$0.0600 HK$0.0800 36
Dividend Discount
Gordon GGM HK$0.0100 HK$0.0200 HK$0.0300 70
DDM Multi-Stage HK$0.0100 HK$0.0200 HK$0.0200 61
Multiples
EV/Revenue HK$0.0500 HK$0.0600 HK$0.0800 43
Asset-Based
NCAV (Graham) HK$0.0600 HK$0.0800 HK$0.1300 50
Growth DCF
Growth DCF HK$0.0500 HK$0.0600 HK$0.0800 80
Rev-Margin DCF HK$0.0500 HK$0.0700 HK$0.0900 74

Widest divergence: Asset-Based (HK$0.0800) versus Dividend Discount (HK$0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$91.3M
Revenue growth (YoY) +114%
Net margin -7.7%
Return on equity -0.9%
Free cash flow HK$19.6M FY2025
Operating margin -17.9%
More key figures
EPS growth (YoY) +111%
Net cash HK$107M FY2025

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 67 · Market factors (momentum, volatility) 57

Profitability 6
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 44
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

Jiande International Holdings Limited, an investment holding company, engages in the development and sale of real estate properties in the People's Republic of China. It also develops residential and commercial properties. The company is based in Quarry Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiande International Holdings reported revenue of HK$91.3M in FY2025 versus HK$106M in FY2021, a compound −3.6%/yr. Reported net income was −HK$7.1M in FY2025.

Growth Quality 21/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$91.3M
Latest YoY
+19.0%
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.
−29.6%
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.
−28.2%
Avg. growth/yr (25Y) 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.
−13.2%
Revenue −3.6%/yr
FY21 HK$106M
FY22 HK$262M
FY23 HK$278M
FY24 HK$76.7M
FY25 HK$91.3M
Net income
FY21 HK$11.1M
FY22 HK$31.3M
FY23 HK$4.5M
FY24 −HK$40.6M
FY25 −HK$7.1M

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Cite: Fair Value Calculator (2026). "Jiande International Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0865

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 66 · Top 25%
Fair Value upside +33% · Above median
Return on assets -0% · Below median
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) -18% · Bottom 25%
Revenue growth 114% · Top 25%
Dividend yield (TTM) 2.5% · Below median

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

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.47× · Cheaper than median
P/FCF 2.2× · Pricier than median

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 78 · sector 47
FUTURE 100 · sector 0
PAST 0 · sector 10
HEALTH 100 · sector 85
DIVIDEND 51 · 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 Jiande International Holdings (0865) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0570 versus a price of HK$0.0450, about +27% (undervalued).
What is the fair value of 0865?
Our model-based fair value for Jiande International Holdings is HK$0.0570 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0450.
What is the quality score of 0865?
Jiande International Holdings has a Quality Score of 63/100. 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 Jiande International Holdings (0865)?
Jiande International Holdings reported trailing-twelve-month revenue of about HK$91.3M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0865?
The net profit margin of Jiande International Holdings is about -7.7%, 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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