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Fujian Tendering Co (301136) Fair Value & Analysis

Industrials · CN · Market cap 3.4B CNY

FT Fujian Tendering Co 301136 · SHE
Price¥11.54
Fair Value¥6.15
Upside-46.7%
Quality60/100
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Weak Growth
Thin margins · 0.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 22/100
Evidence: Medium Range ¥5.65 – ¥6.64 Share as image

Fair value as of: Jul 9, 2026

From 13 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥7.23 to ¥6.15 (−14.9%) since Jun 24, 2026. Share price +6.2% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥6.64). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥29.76 ¥7.09 Fair Value ¥6.15 Jan 2022 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

55‑month range ¥7.09 – ¥29.76 · fair‑value band ¥5.65 – ¥6.64 · the ¥11.54 price screens above the ¥6.15 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Fujian Tendering Co (301136) currently trades at ¥11.54, while our model-based Fair Value estimate is ¥6.15, implying the stock looks roughly 46.7% overvalued today. The Quality Score stands at 60/100 (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: medium).

Over the trailing twelve months, Fujian Tendering Co generated revenue of 569M CNY at a net margin of 0.2%. Revenue grew 20.2% year over year. It earns a return on equity of 0.1%. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥5.65 (bear case) to ¥6.64 (bull case); at ¥11.54, the current price sits above 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 60% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -47%, 301136 screens richer 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 ¥7.73 ¥8.94 ¥10.93 80
Rev-Margin DCF ¥6.11 ¥6.72 ¥7.50 74
ROIC Compounder ¥5.00 ¥5.13 ¥5.25 72
All 13 models by family
DCF Models
FCF DCF ¥7.58 ¥8.84 ¥11.08 38
5Y Revenue Exit ¥6.11 ¥6.63 ¥7.38 39
5Y EBITDA Exit ¥6.71 ¥7.67 ¥8.94 41
10Y Revenue Exit ¥6.66 ¥7.09 ¥7.53 36
10Y EBITDA Exit ¥7.04 ¥7.72 ¥8.42 37
Earnings-Based
EPV ¥5.00 ¥5.13 ¥5.25 59
Multiples
EV/EBIT ¥5.65 ¥6.15 ¥6.64 53
EV/EBITDA ¥6.46 ¥7.23 ¥7.99 54
EV/Revenue ¥5.22 ¥5.68 ¥6.13 43
Asset-Based
NCAV (Graham) ¥2.62 ¥3.51 ¥5.24 50
Growth DCF
Growth DCF ¥7.73 ¥8.94 ¥10.93 80
Rev-Margin DCF ¥6.11 ¥6.72 ¥7.50 74
Economic Profit
ROIC Compounder ¥5.00 ¥5.13 ¥5.25 72

Widest divergence: DCF Models (¥7.67) versus Asset-Based (¥3.51). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 569M CNY
Revenue growth (YoY) +20.2%
Net margin 0.2%
Return on equity 0.1%
Free cash flow 102M CNY FY2025
P/E ratio 1,244.0
More key figures
Operating margin 6.9%
EPS (TTM) ¥0.0100
EPS growth (YoY) -48.6%

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 25

Profitability 13
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 82
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

Fujian Tendering Co., Ltd. provides engineering supervision, test and inspection, surveying and mapping, geographic information, survey and design, and other engineering consulting services in China.

Full company description

Fujian Tendering Co., Ltd. provides engineering supervision, test and inspection, surveying and mapping, geographic information, survey and design, and other engineering consulting services in China. It offers engineering supervision services for highways, water transportation, housing construction, municipal administration, electromechanical installation, agriculture and forestry, and other projects; test and inspection services for construction, supervision, acceptance, maintenance, repair, and other links of the project; bidding agency services and pre-project consulting services; and topographic map surveying and mapping, cadastral house survey, natural resource survey, engineering survey, and other services. The company also provides geotechnical engineering survey, housing construction engineering design, urban and rural planning, landscape garden engineering design, ancient building, modern building protection engineering, protection planning and design, highway design, construction drawing review, and other services. In addition, it offers other technical services, including maintenance and reinforcement, price certification consultation, information technology services, and other services; and construction and municipal engineering services, such as maintenance and reinforcement of roads and bridges and tunnels, engineering structure reinforcement, municipal road management and maintenance, and urban underground pipe network restoration technical services. The company was founded in 2016 and is based in Fuzhou, China. Fujian Tendering Co., Ltd. is a subsidiary of Fujian Tendering Purchasing Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fujian Tendering Co reported revenue of ¥552M in FY2025 versus ¥667M in FY2021, a compound −4.6%/yr. Reported net income was −¥9.4M in FY2025.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
552M CNY
Latest YoY
−8.1%
Avg. growth/yr (3Y)
−10.0%
Avg. growth/yr (5Y)
−3.2%
Avg. growth/yr (6Y)
−1.5%
Revenue −4.6%/yr
FY21 ¥667M
FY22 ¥757M
FY23 ¥686M
FY24 ¥601M
FY25 ¥552M
Net income
FY21 ¥77.2M
FY22 ¥54.4M
FY23 ¥22.9M
FY24 −¥6.1M
FY25 −¥9.4M

301136 screens 47% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Fujian Tendering Co Fair Value". https://www.fairvalue-calculator.com/stock/301136

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 60 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 0% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 20% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 0.89× · Pricier than median
P/FCF 5.0× · Pricier than median

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 0 · sector 16
FUTURE 100 · sector 18
PAST 1 · sector 26
HEALTH 99 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

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 Fujian Tendering Co (301136) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥6.15 versus a price of ¥11.54, about −47% (overvalued).
What is the fair value of 301136?
Our model-based fair value for Fujian Tendering Co is ¥6.15 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥11.54.
What is the quality score of 301136?
Fujian Tendering Co has a Quality Score of 60/100. 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 Fujian Tendering Co (301136)?
Fujian Tendering Co reported trailing-twelve-month revenue of about 569M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301136?
The net profit margin of Fujian Tendering Co is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. 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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