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Huatu Cendes Co (300492) Fair Value & Analysis

Industrials · CN · Market cap 7.6B CNY

HC Huatu Cendes Co 300492 · SHE
Price¥26.60
Fair Value¥25.69
Upside-3.4%
Quality70/100
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Healthy Growth
Thin margins · 7.5% net margin
Moderate debt · generates free cash flow
1.57% dividend yield
Mixed vs. peers (6/13)
Wide moat 70/100
Evidence: High Range ¥19.27 – ¥61.38 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Share price +6.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (¥19.27 to ¥61.38). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

¥92.34 ¥20.80 Fair Value ¥25.69 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥20.80 – ¥92.34 · fair‑value band ¥19.27 – ¥61.38 · the ¥26.60 price screens above the ¥25.69 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Huatu Cendes Co (300492) currently trades at ¥26.60, while our model-based Fair Value estimate is ¥25.69, implying the stock looks roughly 3.4% fairly valued today. The Quality Score stands at 70/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Huatu Cendes Co generated revenue of 3.2B CNY at a net margin of 7.5%. Revenue grew 1.3% year over year. It earns a return on equity of 75.5%. The stock trades on a trailing P/E of 38.8. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥19.27 (bear case) to ¥61.38 (bull case); at ¥26.60, 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. The share trades about 72% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -3%, 300492 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥47.65 ¥88.66 ¥154.74 80
Residual Income ¥3.08 ¥4.26 ¥51.37 76
Rev-Margin DCF ¥31.73 ¥51.21 ¥92.26 74
All 26 models by family
DCF Models
FCF DCF ¥50.59 ¥76.68 ¥158.02 38
Owner Earnings ¥33.96 ¥72.52 ¥150.51 31
5Y Revenue Exit ¥29.17 ¥45.00 ¥77.82 39
5Y EBITDA Exit ¥38.38 ¥63.62 ¥113.02 41
5Y P/E Exit ¥30.29 ¥57.67 ¥93.74 38
10Y Revenue Exit ¥35.31 ¥65.84 ¥82.47 36
10Y EBITDA Exit ¥42.60 ¥85.21 ¥157.33 37
10Y P/E Exit ¥36.84 ¥68.21 ¥116.92 35
Earnings-Based
Graham-Dodd ¥8.32 ¥58.02 ¥81.42 54
Lynch FV ¥29.97 ¥42.82 ¥55.67 50
PEG = 1.0 ¥29.97 ¥42.82 ¥55.67 46
EPV ¥17.13 ¥19.49 ¥21.51 59
Dividend Discount
Gordon GGM ¥6.09 ¥12.13 ¥18.38 70
DDM Multi-Stage ¥6.09 ¥10.49 ¥12.81 61
Multiples
P/E Multiple ¥19.27 ¥25.69 ¥32.11 63
P/S Multiple ¥15.60 ¥20.80 ¥26.00 58
P/B Multiple ¥2.30 ¥3.07 ¥3.84 55
EV/EBIT ¥25.45 ¥33.18 ¥40.91 53
EV/EBITDA ¥32.46 ¥42.53 ¥52.61 54
EV/Revenue ¥18.81 ¥25.90 ¥33.00 43
Asset-Based
NCAV (Graham) ¥0.3400 ¥0.4600 ¥0.6800 50
Growth DCF
Growth DCF ¥47.65 ¥88.66 ¥154.74 80
Rev-Margin DCF ¥31.73 ¥51.21 ¥92.26 74
Economic Profit
Residual Income ¥3.08 ¥4.26 ¥51.37 76
ROIC Compounder ¥17.13 ¥19.49 ¥21.51 72
Growth Earnings
Growth-Adj P/E ¥39.21 ¥56.01 ¥72.81 68

Widest divergence: DCF Models (¥65.84) versus Asset-Based (¥0.4600). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.2B CNY
Revenue growth (YoY) +1.3%
Net margin 7.5%
Return on equity 75.5%
Free cash flow 598M CNY FY2025
P/E ratio 38.8
More key figures
Operating margin 19.8%
EPS (TTM) ¥0.9900
Dividend yield 1.6%
EPS growth (YoY) -27.9%

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 70 · Market factors (momentum, volatility) 13

Profitability 82
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 40
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

Huatu Cendes Co., Ltd., an architectural design company, provides professional, designing, consulting, and engineering services to state-owned enterprises, private enterprises, multinational corporations and government agencies in China. The company was formerly known as Cendes Co., Ltd. and changed its name to Huatu Cendes Co., Ltd. in January 2020.

Full company description

Huatu Cendes Co., Ltd., an architectural design company, provides professional, designing, consulting, and engineering services to state-owned enterprises, private enterprises, multinational corporations and government agencies in China. The company was formerly known as Cendes Co., Ltd. and changed its name to Huatu Cendes Co., Ltd. in January 2020. Huatu Cendes Co., Ltd. was founded in 1999 and is based in Chengdu, China. Huatu Cendes Co., Ltd. is a subsidiary of Huatu Hongyang Investment Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Huatu Cendes Co reported revenue of ¥3.2B in FY2025 versus ¥110M in FY2021, a compound +132.2%/yr. Reported net income was ¥241M in FY2025, compounding +108.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.2B CNY
Latest YoY
+12.9%
Avg. growth/yr (3Y)
+210.5%
Avg. growth/yr (5Y)
+91.1%
Avg. growth/yr (14Y)
+23.0%
Revenue +132.2%/yr
FY21 ¥110M
FY22 ¥107M
FY23 ¥247M
FY24 ¥2.8B
FY25 ¥3.2B
Net income +108.3%/yr
FY21 ¥12.8M
FY22 ¥10.9M
FY23 −¥92.0M
FY24 ¥53.0M
FY25 ¥241M

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Cite: Fair Value Calculator (2026). "Huatu Cendes Co Fair Value". https://www.fairvalue-calculator.com/stock/300492

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 70 · Top 25%
Fair Value upside −3% · Above median
Return on equity (TTM) 76% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.96× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 38.8× · Pricier than 75% of peers
P/S (TTM) 2.35× · Pricier than 75% of peers
P/FCF 1.9× · Pricier than median
EV/EBITDA 19.2× · Pricier 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 29 · sector 16
FUTURE 7 · sector 18
PAST 100 · sector 26
HEALTH 52 · sector 94
DIVIDEND 31 · sector 33

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 Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Huatu Cendes Co (300492) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥25.69 versus a price of ¥26.60, about −3% (fairly valued).
What is the fair value of 300492?
Our model-based fair value for Huatu Cendes Co is ¥25.69 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥26.60.
What is the quality score of 300492?
Huatu Cendes Co has a Quality Score of 70/100. 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 Huatu Cendes Co (300492)?
Huatu Cendes Co reported trailing-twelve-month revenue of about 3.2B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300492?
The net profit margin of Huatu Cendes Co is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does Huatu Cendes Co pay a dividend?
Huatu Cendes Co currently shows a dividend yield of about 1.57% relative to its recent price (as of Jul 9, 2026).

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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