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China SCE Property Holdings Ltd (1966) Fair Value & Analysis

Real Estate · HK · Market cap HK$279M

CS China SCE Property Holdings Ltd 1966 · HK
PriceHK$0.0480
Fair ValueHK$0.0685
Upside+42.7%
Quality45/100
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Mixed Growth
Loss-making · -20.1% net margin
Negative equity (buybacks among others) · generates free cash flow
Ranks above peers (7/10)
Narrow moat 17/100
Evidence: Medium Range HK$0.0525 – HK$0.0842 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0638 to HK$0.0685 (+7.4%) since Aug 5, 2026. Share price −2.0% over the past month.

Below-average quality, screening 43% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.0525). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) 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$3.05 HK$0.0380 Fair Value HK$0.0685 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$0.0380 – HK$3.05 · fair‑value band HK$0.0525 – HK$0.0842 · the HK$0.0480 price screens below the HK$0.0685 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

China SCE Property Holdings Ltd (1966) currently trades at HK$0.0480, while our model-based Fair Value estimate is HK$0.0685, implying the stock looks roughly 42.7% undervalued today. The Quality Score stands at 45/100 (below-average 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, China SCE Property Holdings Ltd generated revenue of HK$37.1B at a net margin of -20.1%. Revenue grew 16.5% year over year. Net debt stands at HK$29.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0525 (bear case) to HK$0.0842 (bull case); at HK$0.0480, 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 63% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 43%, 1966 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$0.4400 HK$1.12 80
EV/EBITDA HK$13.84 HK$18.66 HK$23.47 54
EV/EBIT HK$17.82 HK$23.97 HK$30.12 53
All 9 models by family
DCF Models
FCF DCF HK$0.1000 HK$0.3900 HK$1.24 38
5Y Revenue Exit HK$6.43 HK$13.89 HK$29.13 39
5Y EBITDA Exit HK$8.65 HK$18.53 HK$37.33 41
10Y Revenue Exit HK$3.64 HK$11.64 HK$19.81 36
10Y EBITDA Exit HK$5.33 HK$15.46 HK$35.66 37
Multiples
EV/EBIT HK$17.82 HK$23.97 HK$30.12 53
EV/EBITDA HK$13.84 HK$18.66 HK$23.47 54
EV/Revenue HK$9.55 HK$13.91 HK$18.27 43
Growth DCF
Growth DCF HK$0.0500 HK$0.4400 HK$1.12 80

Widest divergence: Multiples (HK$18.66) versus Growth DCF (HK$0.4400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$37.1B
Revenue growth (YoY) +16.5%
Net margin -20.1%
Return on equity -120%
Free cash flow HK$257M FY2025
Operating margin 10.0%
More key figures
EPS (TTM) HK$-0.8200
EPS growth (YoY) -45.8%
Net debt HK$29.8B FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 8

Profitability 9
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 10
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

China SCE Group Holdings Limited, an investment holding company, engages in the development, investment, and management of properties in the People's Republic of China.

Full company description

China SCE Group Holdings Limited, an investment holding company, engages in the development, investment, and management of properties in the People's Republic of China. The company develops residential, commercial, cultural tourism, and industrial real estate properties; rents apartments; operates and manages offices, shopping malls, commercial streets and shops; and engages in the real estate management of residential and public facilities, as well as providing financial services, such as fund management and investment. It also trades in construction materials. The company was formerly known as China SCE Property Holdings Limited and changed its name to China SCE Group Holdings Limited in July 2018. China SCE Group Holdings Limited was founded in 1987 and is headquartered in Shanghai, the People's Republic of China. China SCE Group Holdings Limited operates as a subsidiary of Newup Holdings Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China SCE Property Holdings Ltd reported revenue of HK$37.1B in FY2025 versus HK$37.7B in FY2021, a compound −0.4%/yr. Reported net income was −HK$7.4B in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$37.1B
Latest YoY
−9.0%
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.
+11.6%
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.
+2.6%
Avg. growth/yr (19Y) 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.
+27.0%
Revenue −0.4%/yr
FY21 HK$37.7B
FY22 HK$26.7B
FY23 HK$21.0B
FY24 HK$40.8B
FY25 HK$37.1B
Net income
FY21 HK$3.1B
FY22 HK$24.5M
FY23 −HK$8.0B
FY24 −HK$7.9B
FY25 −HK$7.4B

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Cite: Fair Value Calculator (2026). "China SCE Property Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1966

Peer Group

Real Estate - Development · 591 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 45 · Below median
Fair Value upside +46% · Above median
Return on assets 3% · Above median
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) 10% · Above median
Revenue growth 17% · Above median

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

P/FCF 0.1× · Cheaper than median
EV/EBITDA 0.6× · 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 94 · sector 47
FUTURE 83 · sector 0
PAST 0 · sector 10
HEALTH 100 · sector 85
DIVIDEND 0 · sector 58

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 China SCE Property Holdings Ltd (1966) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0685 versus a price of HK$0.0480, about +43% (undervalued).
What is the fair value of 1966?
Our model-based fair value for China SCE Property Holdings Ltd is HK$0.0685 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0480.
What is the quality score of 1966?
China SCE Property Holdings Ltd has a Quality Score of 45/100. 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 China SCE Property Holdings Ltd (1966)?
China SCE Property Holdings Ltd reported trailing-twelve-month revenue of about HK$37.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1966?
The net profit margin of China SCE Property Holdings Ltd is about -20.1%, 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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