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Zhongshen Jianye Hldg Ltd (2503) Fair Value & Analysis

Industrials · HK · Market cap HK$292M

ZJ Zhongshen Jianye Hldg Ltd 2503 · HK
PriceHK$0.2550
Fair ValueHK$0.2720
Upside+6.7%
Quality20/100
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Weak Growth
Loss-making · -8.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 2/100
Evidence: Low Range HK$0.1785 – HK$0.3400 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 4 days ago

Share price −1.9% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$0.1785 to HK$0.3400) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (3 years)

HK$1.99 HK$0.1710 Fair Value HK$0.2720 Jan 2024 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

31‑month range HK$0.1710 – HK$1.99 · fair‑value band HK$0.1785 – HK$0.3400 · the HK$0.2550 price screens below the HK$0.2720 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Zhongshen Jianye Hldg Ltd (2503) currently trades at HK$0.2550, while our model-based Fair Value estimate is HK$0.2720, implying the stock looks roughly 6.7% fairly valued today. The Quality Score stands at 20/100 (below-average quality), in the Industrials 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: low), always confirm before acting.

Over the trailing twelve months, Zhongshen Jianye Hldg Ltd generated revenue of HK$425M at a net margin of -8.6%. Revenue declined 39.7% year over year. It earns a return on equity of -7.1%. The balance sheet holds a net cash position of HK$22.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1785 (bear case) to HK$0.3400 (bull case); at HK$0.2550, the current price sits within 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. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 7%, 2503 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
NCAV (Graham) HK$0.1800 HK$0.2400 HK$0.3600 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.1800 HK$0.2400 HK$0.3600 50

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Key figures & financial health

Revenue (TTM) HK$425M
Revenue growth (YoY) -39.7%
Net margin -8.6%
Return on equity -7.1%
Free cash flow −HK$154M FY2026
Operating margin -10.8%
More key figures
EPS (TTM) HK$-0.0200
EPS growth (YoY) -94.3%
Net cash HK$22.0M FY2026

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

Quality Score breakdown

Overall quality 20/100

Of which business quality 25 · Market factors (momentum, volatility) 24

Profitability 5
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 0
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

Zhongshen Jianye Holding Limited provides construction services in the People's Republic of China. It offers construction engineering works, such as structural and/or engineering works for commercial and residential buildings and community facilities; municipal and public construction works consist of urban and rural public infrastructure construction, …

Full company description

Zhongshen Jianye Holding Limited provides construction services in the People's Republic of China. It offers construction engineering works, such as structural and/or engineering works for commercial and residential buildings and community facilities; municipal and public construction works consist of urban and rural public infrastructure construction, including environment improvement works, construction of sewage treatment infrastructure and roadwork; foundation engineering works comprising earthwork and foundation construction and slope protection work; specialized contracting works, such as building renovation and decoration works services; and photovoltaic engineering projects. The company was founded in 2017 and is headquartered in Shenzhen, the People's Republic of China.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Zhongshen Jianye Hldg Ltd reported revenue of HK$414M in FY2026 versus HK$1.3B in FY2022, a compound −25.5%/yr. Reported net income was −HK$35.5M in FY2026.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$414M
Latest YoY
−44.8%
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.
−33.0%
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.
−20.8%
Avg. growth/yr (6Y) 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.
−14.8%
Revenue −25.5%/yr
FY22 HK$1.3B
FY23 HK$1.4B
FY24 HK$1.5B
FY25 HK$751M
FY26 HK$414M
Net income
FY22 HK$28.1M
FY23 HK$25.3M
FY24 HK$31.8M
FY25 HK$1.9M
FY26 −HK$35.5M

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Cite: Fair Value Calculator (2026). "Zhongshen Jianye Hldg Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2503

Peer Group

Engineering & Construction · 837 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 25 · Bottom 25%
Fair Value upside +7% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -11% · Bottom 25%
Revenue growth -40% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.09× · 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 42 · sector 14
FUTURE 0 · sector 15
PAST 0 · sector 26
HEALTH 98 · sector 94
DIVIDEND 0 · sector 43

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Zhongshen Jianye Hldg Ltd (2503) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2720 versus a price of HK$0.2550, about +7% (fairly valued).
What is the fair value of 2503?
Our model-based fair value for Zhongshen Jianye Hldg Ltd is HK$0.2720 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2550.
What is the quality score of 2503?
Zhongshen Jianye Hldg Ltd has a Quality Score of 20/100. 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 Zhongshen Jianye Hldg Ltd (2503)?
Zhongshen Jianye Hldg Ltd reported trailing-twelve-month revenue of about HK$425M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2503?
The net profit margin of Zhongshen Jianye Hldg Ltd is about -8.6%, 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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