Shenzhen L&A Design Holding Limited (300949) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Shenzhen L&A Design Holding Limited stock ¥5.86, price ¥50.65, that is 88.4% below the price, quality 64 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ¥16.51 – ¥56.31 · fair‑value band ¥4.99 – ¥6.79 · the ¥50.65 price screens above the ¥5.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Shenzhen L&A Design Holding Limited engages in the land planning, urban design, landscape architecture, and resort planning businesses in China.
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It provides EPC project lifecycle planning and economic analysis, conceptual planning, ecological planning and design, urban and landscape design, architecture and interior design, soft decoration, children's space and facilities research and development, children's natural art education, VI design and product design, etc.
The company was founded in 1999 and is based in Shenzhen, China.
Stock analysis
Shenzhen L&A Design Holding Limited (300949) currently trades at ¥50.65, while our model-based Fair Value estimate is ¥5.86, 88% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥6.02 per share, and 0 of the 10 models we run sit above the ¥50.65 price.
Bear case: the Multiples group reads lowest at ¥1.19, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥4.99 (bear) to ¥6.79 (bull), the price of ¥50.65 sits above 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 64/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shenzhen L&A Design Holding Limited reported revenue of 434M CNY in FY2025 versus 612M CNY in FY2021, a compound −8.2%/yr. Reported net income was −128M CNY in FY2025.
Key figures
Market cap 4.4B CNY (≈ $665M) Small · P/S ratio 7.96 · EPS (TTM) ¥−1.41 · Dividend yield 0.1% · Net margin −27.8% · Return on equity −19.9% · Return on assets (EBIT) −2.0% · Operating margin −7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 176% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −88%, 300949 screens richer than that median.
Fair Value models
Bear¥4.99Fair Value ¥5.86Bull¥6.79
Price ¥50.65 · Downside -88.4%
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.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.3%
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.
−3.3%
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.
−2.4%
Start year 2020 (pandemic)
Revenue growth 6 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.
−2.9%
’19
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’21
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’23
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’25
Profit margin (trend) ⓘ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.
24.9% (2020) → −3.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+54.4%
Yearly growth needed for the next five years to justify today's price.
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 +51.8% a year for the price.
Compare Shenzhen L&A Design Holding Limited with another stock
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 · 789 stocks
Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−88.4% · Bottom 25%
Profitability
Return on assets−12.3% · Bottom 25%
Net margin (12 months)−27.8% · Bottom 25%
Operating margin (12 months)−7.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)1.8% · Below median
Dividend yield (12 months)0.1% · Bottom 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B7.81× · Priciest 25%
P/S (12 months)10.38× · Priciest 25%
Price / free cash flow143.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)9· sector 20
PAST (return on equity)0· sector 29
HEALTH (low debt)100· sector 94
DIVIDEND (yield)2· sector 44
VALUE 0: the price sits above our fair-value range.
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 Shenzhen L&A Design Holding Limited (300949) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥5.86 versus a price of ¥50.65, about 88% lower (overvalued).
What is the fair value of 300949?
Our model-based fair value for Shenzhen L&A Design Holding Limited is ¥5.86 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥50.65.
What is the quality score of 300949?
Shenzhen L&A Design Holding Limited has a Quality Score of 64/100. 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 Shenzhen L&A Design Holding Limited (300949)?
Our model-based price target is the fair value of ¥5.86 (as of Nov 6, 2026) from 10 valuation models. Cautious scenario ¥4.99, optimistic scenario ¥6.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenzhen L&A Design Holding Limited stock forecast for 2026?
Our models put fair value at ¥5.86, about 88% lower versus a price of ¥50.65 (overvalued). Cautious scenario ¥4.99, optimistic scenario ¥6.79. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen L&A Design Holding Limited (300949)?
Shenzhen L&A Design Holding Limited reported trailing-twelve-month revenue of about 427M CNY (latest available figure, as of Nov 6, 2026).
Does Shenzhen L&A Design Holding Limited pay a dividend?
Shenzhen L&A Design Holding Limited currently shows a dividend yield of 0.10% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Shenzhen L&A Design Holding Limited (300949)?
For today's price to be fair in a discounted-cash-flow model, Shenzhen L&A Design Holding Limited would have to grow free cash flow by +54.4 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 300949 use?
Our models discount Shenzhen L&A Design Holding Limited at 11.5 %: a base by market capitalisation (small), damped by beta 0.86, 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 Shenzhen L&A Design Holding Limited that is +54.4 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Shenzhen L&A Design Holding Limited (300949) delivered so far?
Over the past 5 years revenue at Shenzhen L&A Design Holding Limited grew -2.4 % a year. The price currently implies +54.4 % per year free-cash-flow growth a 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 Shenzhen L&A Design Holding Limited (300949) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Shenzhen L&A Design Holding Limited (+54.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shenzhen L&A Design Holding Limited (300949)?
The free-cash-flow yield on the price is 0.70 %: that much free cash flow Shenzhen L&A Design Holding Limited produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shenzhen L&A Design Holding Limited (300949)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen L&A Design Holding Limited it is ¥5.86 per share (as of Nov 6, 2026), against a price of ¥50.65. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Shenzhen L&A Design Holding Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 300949 trades above its calculated fair value: price ¥50.65, fair value ¥5.86, a gap of about −88% (overvalued). 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 300949?
No. The price is what the market pays today (¥50.65); the fair value is what the company's own numbers justify (¥5.86). For Shenzhen L&A Design Holding Limited the two are ¥44.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen L&A Design Holding Limited worth?
The market values Shenzhen L&A Design Holding Limited at about 4.4B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥50.65; our models calculate a fair value of ¥5.86 per share.
What do the bullish and bearish scenarios say about 300949?
Our models span a range for Shenzhen L&A Design Holding Limited: cautious scenario ¥4.99, base ¥5.86, optimistic ¥6.79 per share (as of Nov 6, 2026, price ¥50.65). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shenzhen L&A Design Holding Limited (300949)?
Balance-sheet figures for Shenzhen L&A Design Holding Limited (as of Nov 6, 2026): return on equity −19.9%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 300949 from its 52-week high?
Shenzhen L&A Design Holding Limited trades at ¥50.65, at its 52-week high of ¥50.65 and 176% above the low of ¥18.32 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.86 is for.
Which stocks are comparable to Shenzhen L&A Design Holding Limited?
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 Shenzhen L&A Design Holding Limited stock attractive at the current price?
The data as of Nov 6, 2026: price ¥50.65, calculated fair value ¥5.86 (−88%), Quality Score 64/100, from 10 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 300949 calculated?
We run Shenzhen L&A Design Holding Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥5.86, 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 15.5% above its aggregate fair value. Shenzhen L&A Design Holding Limited 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 Shenzhen L&A Design Holding Limited (300949)?
The closing price on Nov 5, 2026 was ¥50.65. Our model-based fair value is ¥5.86, about 88% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenzhen L&A Design Holding Limited right now?
The price sits above even our optimistic bull case (¥6.79). The favourable scenario is already priced in. 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 but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Shenzhen L&A Design Holding Limited
How large is the market capitalisation of Shenzhen L&A Design Holding Limited (300949)?
The market capitalisation of Shenzhen L&A Design Holding Limited is 4.4B CNY (≈ $665M). 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 Shenzhen L&A Design Holding Limited (300949)?
The price-to-sales ratio of Shenzhen L&A Design Holding Limited is 7.96 (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 Shenzhen L&A Design Holding Limited (300949)?
Earnings per share at Shenzhen L&A Design Holding Limited are ¥−1.41. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenzhen L&A Design Holding Limited (300949)?
The dividend yield of Shenzhen L&A Design Holding Limited is 0.1%. 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 Shenzhen L&A Design Holding Limited (300949)?
The net margin of Shenzhen L&A Design Holding Limited is −27.8% (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 Shenzhen L&A Design Holding Limited (300949)?
The return on equity (ROE) of Shenzhen L&A Design Holding Limited is −19.9% (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 Shenzhen L&A Design Holding Limited (300949)?
On an EBIT basis the return on assets of Shenzhen L&A Design Holding Limited is −2.0% (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 Shenzhen L&A Design Holding Limited (300949)?
The operating margin of Shenzhen L&A Design Holding Limited is −7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen L&A Design Holding Limited (300949)?
Revenue at Shenzhen L&A Design Holding Limited is growing +1.8% versus a year earlier (3y avg −3.3%). 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 Shenzhen L&A Design Holding Limited (300949)?
Earnings per share at Shenzhen L&A Design Holding Limited are growing +34.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shenzhen L&A Design Holding Limited (300949) carry?
The net debt of Shenzhen L&A Design Holding Limited is 13.4M CNY (fiscal year 2023, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 6, 2026