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Seazen Group Ltd (1030) Fair Value & Analysis

Real Estate · HK · Market cap HK$9.8B (≈ $1.2B) · ISIN KYG7956A1094

What is Seazen Group Ltd really worth?

SG Seazen Group Ltd 1030 · HK
PriceHK$1.47
Fair ValueHK$3.50
Upside+138.9%
Quality39/100

Below-average quality, trading 58% below our fair value of HK$3.50.

As of Aug 13, 2026, the fair value of Seazen Group Ltd is HK$3.50 per share against a price of HK$1.47, so the fair value sits 139% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Mixed Growth (revenue 5y +16.9 %/yr)
!Thin margins · 0.7% net margin
!Moderate debt · negative free cash flow
!Mixed vs. peers (6/12)
!Narrow moat 27/100
!Evidence only low, so the estimate is less certain
!Weak on past: 2 out of 100
Evidence: Low Range HK$1.52 – HK$5.48

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from HK$3.60 to HK$3.50 (−2.8%) since Aug 5, 2026. Share price +2.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$1.52). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (HK$1.52 to HK$5.48). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

HK$8.63 HK$0.9200 Fair Value HK$3.50 Apr 2021 Sep 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$0.9200 – HK$8.63 · fair‑value band HK$1.52 – HK$5.48 · the HK$1.47 price screens below the HK$3.50 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Seazen Group Ltd (1030) currently trades at HK$1.47, while our model-based Fair Value estimate is HK$3.50, implying the stock looks roughly 58.1% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of HK$8.09 per share, and 5 of the 7 models we run sit above the HK$1.47 price. Bear case: the Economic Profit group reads lowest at HK$3.95, and 2 of the 7 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Seazen Group Ltd generated revenue of HK$53.1B at a net margin of 0.7%. Revenue declined 43.9% year over year. It earns a return on equity of 0.4%. Net debt stands at HK$50.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.52 (bear case) to HK$5.48 (bull case); at HK$1.47, 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 48% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at 139%, 1030 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly HK$0.0682 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence HK$4.30 HK$3.95 HK$2.79 76
EV/EBITDA HK$8.20 HK$12.48 HK$16.76 66
EV/EBIT HK$11.53 HK$16.92 HK$22.31 65
All 7 models by family
Multiples
P/S Multiple HK$0.6900 HK$0.9200 HK$1.15 58
P/B Multiple HK$0.6900 HK$0.9200 HK$1.15 55
EV/EBIT HK$11.53 HK$16.92 HK$22.31 65
EV/EBITDA HK$8.20 HK$12.48 HK$16.76 66
EV/Revenue HK$4.27 HK$8.09 HK$11.92 52
Asset-Based
NCAV (Graham) HK$3.22 HK$4.31 HK$6.44 54
Economic Profit
Residual Income best evidence HK$4.30 HK$3.95 HK$2.79 76

Widest divergence: Multiples (HK$8.09) versus Economic Profit (HK$3.95). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 19.3 as of Jul 2, 2026
P/S ratio 0.14 P/E × margin
EPS (TTM) HK$0.1000 price ÷ EPS = P/E 19.3
Net margin 0.7% FY2025
Return on equity 0.4% TTM
Return on assets (EBIT) 2.3% avg 5y
More key figures
Profitability
Operating margin 13.4% TTM
Growth
Revenue (TTM) HK$53.1B TTM
Revenue growth (YoY) −43.9% 3y avg −23.0%
EPS growth (YoY) −27.9%
Balance sheet & cash flow
Free cash flow −HK$2.0B FY2025
Net debt HK$50.3B FY2025

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 35 · Market factors (momentum, volatility) 13

Profitability 13
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 68
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Seazen Group Limited, together with its subsidiaries, engages in the investment, development, management, and sale of properties in the People's Republic of China. The company primarily develops and sells residential properties and mixed-use complexes, as well as provides commercial property management and other services.

Full company description

Seazen Group Limited, together with its subsidiaries, engages in the investment, development, management, and sale of properties in the People's Republic of China. The company primarily develops and sells residential properties and mixed-use complexes, as well as provides commercial property management and other services. It also provides asset operation and management, information technology, and children entertainment services. In addition, the company offers business management consulting and pension services. Further, it develops energy technology; and engages in retail business. Seazen Group Limited was formerly known as Future Land Development Holdings Limited and changed its name to Seazen Group Limited in November 2019. The company was founded in 1993 and is headquartered in Shanghai, China. Seazen Group Limited operates as a subsidiary of Wealth Zone Hong Kong Investments Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Seazen Group Ltd reported revenue of 53.1B CNY in FY2025 versus 170B CNY in FY2021, a compound −25.2%/yr. Reported net income was 393M CNY in FY2025, compounding −53.7%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$53.1B
Avg. revenue 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.
−6.5%
Avg. revenue 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.
+16.9%
Avg. revenue growth/yr (14Y) 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.
+23.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−47.4% · in HKD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−47.4%
Dividend yield0.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −47.4% vs 10Y −11.1%, flattening
Operating margin (EBIT) 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.21.1% (2019) → 13.4% (2025) · falling
Worst earnings drop97% (2022) · in HKD
Revenue −25.2%/yr
FY21 170B CNY
FY22 117B CNY
FY23 119B CNY
FY24 89.2B CNY
FY25 53.1B CNY
Net income −53.7%/yr
FY21 8.6B CNY
FY22 281M CNY
FY23 879M CNY
FY24 491M CNY
FY25 393M CNY

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Cite: Fair Value Calculator (2026). "Seazen Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1030.HK

Peer Group

Real Estate - Development · 566 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 39 · Below median
Fair Value upside +139% · Top 25%
Return on equity (TTM) 0% · Below median
Return on assets 2% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth −44% · Bottom 25%
Debt / equity 0.87× · Higher than 75% of peers

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

P/E (TTM) 19.3× · Pricier than median
P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.18× · Cheaper than 75% of peers
EV/EBITDA 5.9× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 45
FUTURE0 · sector 0
PAST2 · sector 11
HEALTH56 · sector 85
DIVIDEND0 · sector 54

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

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
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.76 HK$22.92 +67%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

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Frequently asked questions

Is Seazen Group Ltd (1030) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$3.50 versus a price of HK$1.47, about +139% upside (undervalued).
What is the fair value of 1030?
Our model-based fair value for Seazen Group Ltd is HK$3.50 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$1.47.
What is the quality score of 1030?
Seazen Group Ltd has a Quality Score of 39/100. 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 Seazen Group Ltd (1030)?
Our model-based price target is the fair value of HK$3.50 (as of Aug 13, 2026) from 7 valuation models. Cautious scenario HK$1.52, optimistic scenario HK$5.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Seazen Group Ltd stock forecast for 2026?
Our models put fair value at HK$3.50, about +139% upside versus a price of HK$1.47 (undervalued). Cautious scenario HK$1.52, optimistic scenario HK$5.48. The calculation is refreshed regularly with new filings.
What is the revenue of Seazen Group Ltd (1030)?
Seazen Group Ltd reported trailing-twelve-month revenue of about HK$53.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1030?
The net profit margin of Seazen Group Ltd is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.
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