Songcheng Performance Develop (300144) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Songcheng Performance Develop stock ¥8.90, price ¥5.49, upside +62.1%, quality 71 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range ¥5.25 – ¥16.78 · fair‑value band ¥6.23 – ¥11.57 · the ¥5.49 price screens below the ¥8.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Songcheng Performance Development Co.,Ltd operates in the cultural tourism and performing arts industry in China. The company operates tourism resorts and theme parks; and performs art shows under Songcheng and the Eternal Love brand names.
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It also engages in the leisure, tourism, live entertainment, and online entertainment, as well as catering services and marketing planning of tourist attractions; and development of tourism resources, tourism planning and design, artistic creation, brand planning of tourist attractions, and brokerage actvities.
In addition, the company offers travel service business, including asset-light export business, tourism travel clothing service, and online ticket sales business; and internet information service, using information network to operate music entertainment products, and competition activities.
Further, it engages in theme park development and operation; technical consulting in network technology; cultural event planning; and real estate development activities.
The company was formerly known as Hangzhou Songcheng Tourism Development Co.,Ltd. and changed its name to Songcheng Performance Development Co.,Ltd in April 2014. Songcheng Performance Development Co.,Ltd was founded in 1994 and is headquartered in Hangzhou, China.
Stock analysis
Songcheng Performance Develop (300144) currently trades at ¥5.49, while our model-based Fair Value estimate is ¥8.90, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥12.67 per share, and 17 of the 26 models we run sit above the ¥5.49 price.
Bear case: the Asset-Based group reads lowest at ¥1.09, and 9 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥6.23 (bear) to ¥11.57 (bull), the price of ¥5.49 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Songcheng Performance Develop reported revenue of 2.3B CNY in FY2025 versus 1.2B CNY in FY2021, a compound +17.5%/yr. Reported net income was 818M CNY in FY2025, compounding +26.9%/yr from FY2021.
Key figures
Market cap 14.4B CNY (≈ $2.2B) Mid · P/E ratio 23.9 · P/S ratio 7.67 · EPS (TTM) ¥0.2300 · Dividend yield 4.6% · Net margin 31.6% · Return on equity 7.4% · Return on assets (EBIT) 5.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 62%, 300144 screens cheaper than that median.
Fair Value models
Bear¥6.23Fair Value ¥8.90Bull¥11.57
Price ¥5.49 · Upside +62.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
Start year 2020 (pandemic). Over 10 years: +2.9% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.3%
Dividend (yield on the price)4.6%
Pace: 5 vs 10 years ⓘ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.−0.3% vs 2.2%, steady
Profit margin 2020 to 2025 ⓘ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.−188% → 46%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −9.2% a year for the price and +2.1% for the forecasts.
Compare Songcheng Performance Develop with another stock
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Peer Groupⓘ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.Leisure · 169 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+62.1% · Top 25%
Profitability
Return on equity (12 months)7.4% · Above median
Return on assets8.0% · Top 25%
Net margin (12 months)31.6% · Top 25%
Operating margin (12 months)44.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−33.8% · Bottom 25%
Dividend yield (12 months)4.6% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Leisure median · lower = cheaper
P/E (12 months)23.9× · Pricier than median
P/B1.71× · Pricier than median
P/S (12 months)7.67× · Priciest 25%
Price / free cash flow (fiscal year)11.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Songcheng Performance Develop (300144) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ¥8.90 versus a price of ¥5.49, about +62% upside (undervalued).
What is the fair value of 300144?
Our model-based fair value for Songcheng Performance Develop is ¥8.90 (as of Nov 4, 2026), built from audited fundamentals. The current price: ¥5.49.
What is the quality score of 300144?
Songcheng Performance Develop has a Quality Score of 71/100. 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 Songcheng Performance Develop (300144)?
Our model-based price target is the fair value of ¥8.90 (as of Nov 4, 2026) from 26 valuation models. Cautious scenario ¥6.23, optimistic scenario ¥11.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Songcheng Performance Develop stock forecast for 2026?
Our models put fair value at ¥8.90, about +62% upside versus a price of ¥5.49 (undervalued). Cautious scenario ¥6.23, optimistic scenario ¥11.57. The calculation is refreshed regularly with new filings.
What is the revenue of Songcheng Performance Develop (300144)?
Songcheng Performance Develop reported trailing-twelve-month revenue of about 1.9B CNY (latest available figure, as of Nov 4, 2026).
Does Songcheng Performance Develop pay a dividend?
Songcheng Performance Develop currently shows a dividend yield of 4.55% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Songcheng Performance Develop (300144) and when is the ex-dividend date?
Songcheng Performance Develop pays a dividend of ¥0.25 per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since at least 2011. The payout ratio is 109% of earnings. Free cash flow covers the dividend 1.96 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Songcheng Performance Develop (300144)?
For today's price to be fair in a discounted-cash-flow model, Songcheng Performance Develop would have to grow free cash flow by -7.6 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.1 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 300144 use?
Our models discount Songcheng Performance Develop at 9.1 %: a base by market capitalisation (mid), damped by beta 0.42, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Songcheng Performance Develop that is -7.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Songcheng Performance Develop (300144) delivered so far?
Over the past 5 years revenue at Songcheng Performance Develop grew +20.1 % a year. The price currently implies free-cash-flow growth of -7.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Songcheng Performance Develop (300144) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Songcheng Performance Develop (-7.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Songcheng Performance Develop (300144)?
The free-cash-flow yield on the price is 8.87 %: that much free cash flow Songcheng Performance Develop produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Songcheng Performance Develop (300144)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Songcheng Performance Develop it is ¥8.90 per share (as of Nov 4, 2026), against a price of ¥5.49. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Songcheng Performance Develop stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 300144 trades below its calculated fair value: price ¥5.49, fair value ¥8.90, a gap of about +62% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300144?
No. The price is what the market pays today (¥5.49); the fair value is what the company's own numbers justify (¥8.90). For Songcheng Performance Develop the two are ¥3.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is Songcheng Performance Develop worth?
The market values Songcheng Performance Develop at about 14.4B CNY (market capitalisation, as of Nov 4, 2026). Per share that is ¥5.49; our models calculate a fair value of ¥8.90 per share.
What do the bullish and bearish scenarios say about 300144?
Our models span a range for Songcheng Performance Develop: cautious scenario ¥6.23, base ¥8.90, optimistic ¥11.57 per share (as of Nov 4, 2026, price ¥5.49). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300144?
Songcheng Performance Develop trades at a price-to-earnings ratio of 23.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.90 is built from several models across several years. Other multiples: PEG 17.0, P/B 1.7, P/S 7.7, EV/EBITDA 12.2.
What is the PEG ratio of 300144?
The PEG ratio of Songcheng Performance Develop is 17.02 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Songcheng Performance Develop (300144)?
Balance-sheet figures for Songcheng Performance Develop (as of Nov 4, 2026): return on equity 7.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 300144 from its 52-week high?
Songcheng Performance Develop trades at ¥5.49, about 39% below its 52-week high of ¥8.96 and 5% above the low of ¥5.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.90 is for.
Which stocks are comparable to Songcheng Performance Develop?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Songcheng Performance Develop stock attractive at the current price?
The data as of Nov 4, 2026: price ¥5.49, calculated fair value ¥8.90 (+62%), Quality Score 71/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 300144 calculated?
We run Songcheng Performance Develop through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥8.90 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Songcheng Performance Develop currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Songcheng Performance Develop (300144)?
The closing price on Nov 6, 2026 was ¥5.49. Our model-based fair value is ¥8.90, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Songcheng Performance Develop right now?
The price is below even our cautious bear case (¥6.23). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (¥6.23 to ¥11.57) leaves room in how you read the outcome.
Key figures of Songcheng Performance Develop
How large is the market capitalisation of Songcheng Performance Develop (300144)?
The market capitalisation of Songcheng Performance Develop is 14.4B CNY (≈ $2.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Songcheng Performance Develop (300144)?
The price-to-sales ratio of Songcheng Performance Develop is 7.67 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Songcheng Performance Develop (300144)?
Earnings per share at Songcheng Performance Develop are ¥0.2300 (price ÷ EPS = P/E 23.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Songcheng Performance Develop (300144)?
The dividend yield of Songcheng Performance Develop is 4.6% (payout 109%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Songcheng Performance Develop (300144)?
The net margin of Songcheng Performance Develop is 31.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Songcheng Performance Develop (300144)?
The return on equity (ROE) of Songcheng Performance Develop is 7.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Songcheng Performance Develop (300144)?
On an EBIT basis the return on assets of Songcheng Performance Develop is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Songcheng Performance Develop (300144)?
The operating margin of Songcheng Performance Develop is 44.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Songcheng Performance Develop (300144)?
Revenue at Songcheng Performance Develop is growing −33.8% versus a year earlier (3y avg +70.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Songcheng Performance Develop (300144)?
Earnings per share at Songcheng Performance Develop are growing −46.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Songcheng Performance Develop (300144) hold?
Songcheng Performance Develop holds more cash than debt, 2.6B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 4, 2026