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Shanghai Realway Capital Assets Management Co Ltd (1835) Fair Value & Analysis

Financial Services · HK · Market cap HK$632M (≈ $80.5M) · ISIN CNE1000036P2

What is Shanghai Realway Capital Assets Management Co Ltd really worth?

SR Shanghai Realway Capital Assets Management Co Ltd 1835 · HK
PriceHK$4.50
Fair ValueHK$0.7700
Upside−82.9%
Quality44/100

Below-average quality, and trading another 484% above our fair value of HK$0.7700.

As of Aug 13, 2026, the fair value of Shanghai Realway Capital Assets Management Co Ltd is HK$0.7700 per share against a price of HK$4.50, so the fair value sits 83% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y −13.5 %/yr)
!Loss-making · -89.0% net margin
!negative free cash flow
!Trails peers (3/9)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
!Weak on future: 18 out of 100
Evidence: Low Range HK$0.5000 – HK$0.9600

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 23 days ago

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (HK$0.9600). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$0.5000 to HK$0.9600) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

HK$5.36 HK$0.9000 Fair Value HK$0.7700 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$0.9000 – HK$5.36 · fair‑value band HK$0.5000 – HK$0.9600 · the HK$4.50 price screens above the HK$0.7700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shanghai Realway Capital Assets Management Co Ltd (1835) currently trades at HK$4.50, while our model-based Fair Value estimate is HK$0.7700, implying the stock looks roughly 484.5% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the evidence level at low.

Over the trailing twelve months, Shanghai Realway Capital Assets Management Co Ltd generated revenue of HK$30.4M at a net margin of −89.0%. Revenue grew 3.6% year over year. It earns a return on equity of −11.2%. Net debt stands at HK$12.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.5000 (bear case) to HK$0.9600 (bull case); at HK$4.50, the current price sits above 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 2% below its 52-week high, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −83%, 1835 screens richer 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$0.0136 per share, which is 1.8 % 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
NCAV (Graham) best evidence HK$0.7600 HK$1.02 HK$1.52 51
All 1 models by family
Asset-Based
NCAV (Graham) best evidence HK$0.7600 HK$1.02 HK$1.52 51

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Key figures & financial health

P/S ratio 20.8 TTM
EPS (TTM) HK$0.0200
Net margin −78.9% FY2025
Return on equity −11.2% TTM
Return on assets (EBIT) −3.6% avg 5y
Operating margin −88.7% TTM
More key figures
Growth
Revenue (TTM) HK$30.4M TTM
Revenue growth (YoY) +3.6% 3y avg −3.2%
EPS growth (YoY) −99.0%
Balance sheet & cash flow
Free cash flow −HK$2.9M FY2025
Net debt HK$12.0M FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 85

Profitability 4
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 99
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.

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

Shanghai Realway Capital Assets Management Co., Ltd. is a principal investment firm specializing in real estate investment.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Realway Capital Assets Management Co Ltd reported revenue of 33.4M CNY in FY2025 versus 54.2M CNY in FY2021, a compound −11.4%/yr. Reported net income was −26.3M CNY in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$33.4M
Latest YoY
+26.8%
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.
−3.2%
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.
−13.5%
Avg. revenue growth/yr (10Y) 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.
−0.4%
EBIT 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.
13.7% (2020) → −10.0% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −11.4%/yr
FY21 54.2M CNY
FY22 36.8M CNY
FY23 17.9M CNY
FY24 26.3M CNY
FY25 33.4M CNY
Net income
FY21 −39.4M CNY
FY22 −34.5M CNY
FY23 −56.7M CNY
FY24 −13.1M CNY
FY25 −26.3M CNY

1835 screens 484% overvalued. Compare with Blackstone Inc →

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Cite: Fair Value Calculator (2026). "Shanghai Realway Capital Assets Management Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1835.HK

Peer Group

Asset Management · 695 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 42 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on assets −1% · Bottom 25%
Net margin (TTM) −89% · Bottom 25%
Operating margin (TTM) −89% · Bottom 25%
Revenue growth 4% · Above median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 2.65× · 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
VALUE0 · sector 40
FUTURE18 · sector 15
PAST0 · sector 24
HEALTH0 · sector 95
DIVIDEND0 · sector 81

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 408.05 kr 827.56 +103%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is Shanghai Realway Capital Assets Management Co Ltd (1835) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.7700 versus a price of HK$4.50, about −83% upside (overvalued).
What is the fair value of 1835?
Our model-based fair value for Shanghai Realway Capital Assets Management Co Ltd is HK$0.7700 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$4.50.
What is the quality score of 1835?
Shanghai Realway Capital Assets Management Co Ltd has a Quality Score of 44/100. 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 Shanghai Realway Capital Assets Management Co Ltd (1835)?
Our model-based price target is the fair value of HK$0.7700 (as of Aug 13, 2026) from 1 valuation models. Cautious scenario HK$0.5000, optimistic scenario HK$0.9600. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Realway Capital Assets Management Co Ltd stock forecast for 2026?
Our models put fair value at HK$0.7700, about −83% upside versus a price of HK$4.50 (overvalued). Cautious scenario HK$0.5000, optimistic scenario HK$0.9600. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Realway Capital Assets Management Co Ltd (1835)?
Shanghai Realway Capital Assets Management Co Ltd reported trailing-twelve-month revenue of about HK$30.4M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1835?
The net profit margin of Shanghai Realway Capital Assets Management Co Ltd is about −89.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
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