Cendes Co Ltd Class A (300492) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cendes Co Ltd Class A stock ¥18.35, price ¥19.75, that is 7.1% below the price, quality 67 out of 100. Rating: fairly valued. 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 5, 2026.
How to read this chart
60‑month range ¥16.54 – ¥65.70 · fair‑value band ¥13.77 – ¥22.94 · the ¥19.75 price screens above the ¥18.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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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.
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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.
Stock analysis
Cendes Co Ltd Class A (300492) currently trades at ¥19.75, while our model-based Fair Value estimate is ¥18.35, so the stock looks roughly fairly valued today (gap 7.6%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥27.92 per share, and 12 of the 26 models we run sit above the ¥19.75 price.
Bear case: the Dividend Discount group reads lowest at ¥6.78, and 14 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥13.77 (bear) to ¥22.94 (bull), the price of ¥19.75 sits inside 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 67/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cendes Co Ltd Class A reported revenue of 3.2B CNY in FY2025 versus 110M CNY in FY2021, a compound +132.2%/yr. Reported net income was 241M CNY in FY2025, compounding +108.3%/yr from FY2021.
Key figures
Market cap 5.2B CNY (≈ $784M) Small · P/S ratio 1.80 · EPS (TTM) ¥−0.4500 · Dividend yield 0.4% · Net margin −4.3% · Return on equity −48.0% · Return on assets (EBIT) 5.1% (5-year average) · Operating margin −25.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 70% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −7%, 300492 screens cheaper than that median.
Fair Value models
Bear¥13.77Fair Value ¥18.35Bull¥22.94
Price ¥19.75 · Downside -7.1%
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.9%
Revenue growth 3 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.
+210.5%
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.
+91.1%
Start year 2020 (pandemic). Over 10 years: +32.9% a year
Revenue growth 14 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.
+23.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+54.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+54.0%
Dividend (yield on the price)0.4%
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.14% → 11%
2025 sits 605% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−11.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −12.7% a year for the price.
Price, fair value, quality and upside side by side.
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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.Engineering & Construction · 791 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−7.1% · Below median
Profitability
Return on assets11.1% · Top 25%
Net margin (12 months)−4.3% · Bottom 25%
Operating margin (12 months)−25.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−15.2% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.96× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B39.02× · Priciest 25%
P/S (12 months)1.80× · Pricier than median
Price / free cash flow (fiscal year)8.8× · 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.
Cite: Fair Value Calculator (2026). "Cendes Co Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/300492
Frequently asked questions
Is Cendes Co Ltd Class A (300492) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥18.35 versus a price of ¥19.75, about 7% lower (fairly valued).
What is the fair value of 300492?
Our model-based fair value for Cendes Co Ltd Class A is ¥18.35 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥19.75.
What is the quality score of 300492?
Cendes Co Ltd Class A has a Quality Score of 67/100. 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 Cendes Co Ltd Class A (300492)?
Our model-based price target is the fair value of ¥18.35 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ¥13.77, optimistic scenario ¥22.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Cendes Co Ltd Class A stock forecast for 2026?
Our models put fair value at ¥18.35, about 7% lower versus a price of ¥19.75 (fairly valued). Cautious scenario ¥13.77, optimistic scenario ¥22.94. The calculation is refreshed regularly with new filings.
What is the revenue of Cendes Co Ltd Class A (300492)?
Cendes Co Ltd Class A reported trailing-twelve-month revenue of about 2.9B CNY (latest available figure, as of Nov 5, 2026).
Does Cendes Co Ltd Class A pay a dividend?
Cendes Co Ltd Class A currently shows a dividend yield of 0.36% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Cendes Co Ltd Class A (300492) and when is the ex-dividend date?
Cendes Co Ltd Class A pays a dividend of ¥0.072 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Jul 7, 2026. The payout ratio is 8.2% of earnings. Free cash flow covers the dividend 30.16 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Cendes Co Ltd Class A (300492)?
For today's price to be fair in a discounted-cash-flow model, Cendes Co Ltd Class A would have to grow free cash flow by -11.3 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +91.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 300492 use?
Our models discount Cendes Co Ltd Class A at 10.6 %: a base by market capitalisation (small), damped by beta 0.56, 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 Cendes Co Ltd Class A that is -11.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Cendes Co Ltd Class A (300492) delivered so far?
Over the past 5 years revenue at Cendes Co Ltd Class A grew +91.1 % a year. The price currently implies free-cash-flow growth of -11.3 % 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 Cendes Co Ltd Class A (300492) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Cendes Co Ltd Class A (-11.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cendes Co Ltd Class A (300492)?
The free-cash-flow yield on the price is 15.39 %: that much free cash flow Cendes Co Ltd Class A produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cendes Co Ltd Class A (300492)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cendes Co Ltd Class A it is ¥18.35 per share (as of Nov 5, 2026), against a price of ¥19.75. 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 Cendes Co Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300492 trades above its calculated fair value: price ¥19.75, fair value ¥18.35, a gap of about −7% (fairly valued). 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 300492?
No. The price is what the market pays today (¥19.75); the fair value is what the company's own numbers justify (¥18.35). For Cendes Co Ltd Class A the two are ¥1.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cendes Co Ltd Class A worth?
The market values Cendes Co Ltd Class A at about 5.2B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥19.75; our models calculate a fair value of ¥18.35 per share.
What do the bullish and bearish scenarios say about 300492?
Our models span a range for Cendes Co Ltd Class A: cautious scenario ¥13.77, base ¥18.35, optimistic ¥22.94 per share (as of Nov 5, 2026, price ¥19.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Cendes Co Ltd Class A (300492)?
Balance-sheet figures for Cendes Co Ltd Class A (as of Nov 5, 2026): return on equity −48.0%, debt of 0.96 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 300492 from its 52-week high?
Cendes Co Ltd Class A trades at ¥19.75, about 70% below its 52-week high of ¥65.70 and 17% above the low of ¥16.90 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥18.35 is for.
Which stocks are comparable to Cendes Co Ltd Class A?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Cendes Co Ltd Class A stock attractive at the current price?
The data as of Nov 5, 2026: price ¥19.75, calculated fair value ¥18.35 (−7%), Quality Score 67/100, 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 300492 calculated?
We run Cendes Co Ltd Class A 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 ¥18.35 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. Cendes Co Ltd Class A itself currently trades above fair value. 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 Cendes Co Ltd Class A (300492)?
The closing price on Nov 6, 2026 was ¥19.75. Our model-based fair value is ¥18.35, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cendes Co Ltd Class A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Cendes Co Ltd Class A
How large is the market capitalisation of Cendes Co Ltd Class A (300492)?
The market capitalisation of Cendes Co Ltd Class A is 5.2B CNY (≈ $784M). 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 Cendes Co Ltd Class A (300492)?
The price-to-sales ratio of Cendes Co Ltd Class A is 1.80 (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 Cendes Co Ltd Class A (300492)?
Earnings per share at Cendes Co Ltd Class A are ¥−0.4500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cendes Co Ltd Class A (300492)?
The dividend yield of Cendes Co Ltd Class A is 0.4%. 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 Cendes Co Ltd Class A (300492)?
The net margin of Cendes Co Ltd Class A is −4.3% (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 Cendes Co Ltd Class A (300492)?
The return on equity (ROE) of Cendes Co Ltd Class A is −48.0% (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 Cendes Co Ltd Class A (300492)?
On an EBIT basis the return on assets of Cendes Co Ltd Class A is 5.1% (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 Cendes Co Ltd Class A (300492)?
The operating margin of Cendes Co Ltd Class A is −25.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cendes Co Ltd Class A (300492)?
Revenue at Cendes Co Ltd Class A is growing −15.2% versus a year earlier (3y avg +210%). 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 Cendes Co Ltd Class A (300492)?
Earnings per share at Cendes Co Ltd Class A are growing +0.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 5, 2026