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Shenzhen HeungKong Holding (600162) Fair Value & Analysis

Real Estate · CN · Market cap 10.3B CNY

SH Shenzhen HeungKong Holding 600162 · SHG
Price¥3.72
Fair Value¥1.18
Upside-68.3%
Quality45/100
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Mixed Growth
Loss-making · -6.6% net margin
Low debt · negative free cash flow
0.15% dividend yield
Trails peers (2/13)
Narrow moat 16/100
Evidence: Medium Range ¥0.7500 – ¥1.61 Share as image

Fair value as of: Aug 6, 2026

From 6 valuation models · updated 4 days ago

Share price +62.4% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.61). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥0.7500 to ¥1.61) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

¥3.94 ¥1.28 Fair Value ¥1.18 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range ¥1.28 – ¥3.94 · fair‑value band ¥0.7500 – ¥1.61 · the ¥3.72 price screens above the ¥1.18 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Shenzhen HeungKong Holding (600162) currently trades at ¥3.72, while our model-based Fair Value estimate is ¥1.18, implying the stock looks roughly 68.3% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate 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, Shenzhen HeungKong Holding generated revenue of 1.3B CNY at a net margin of -6.6%. Revenue declined 31.7% year over year. It earns a return on equity of -4.1%. Net debt stands at 1.8B CNY. Fundamentals as of Aug 6, 2026

Our scenario range runs from ¥0.7500 (bear case) to ¥1.61 (bull case); at ¥3.72, 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 4% below its 52-week high and 138% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -68%, 600162 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
Gordon GGM ¥0.5300 ¥1.09 ¥1.73 70
DDM Multi-Stage ¥0.5300 ¥0.8300 ¥1.15 61
EV/EBITDA ¥1.00 ¥1.43 ¥1.86 54
All 6 models by family
Dividend Discount
Gordon GGM ¥0.5300 ¥1.09 ¥1.73 70
DDM Multi-Stage ¥0.5300 ¥0.8300 ¥1.15 61
Multiples
EV/EBIT ¥0.2200 ¥0.4000 ¥0.5700 53
EV/EBITDA ¥1.00 ¥1.43 ¥1.86 54
EV/Revenue ¥0.1100 ¥0.2400 43
Asset-Based
NCAV (Graham) ¥0.8800 ¥1.18 ¥1.76 50

Widest divergence: Asset-Based (¥1.18) versus Multiples (¥0.4000). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 1.3B CNY
Revenue growth (YoY) -31.7%
Net margin -6.6%
Return on equity -4.1%
Free cash flow −185M CNY FY2025
Operating margin 5.0%
More key figures
EPS (TTM) ¥-0.0300
Dividend yield 0.2%
EPS growth (YoY) -83.6%
Net debt 1.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 79

Profitability 7
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 91
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

Shenzhen HeungKong Holding Co.,Ltd, together with its subsidiaries, engages in the real estate development and operation businesses in China. It operates through Sales of Commercial Housing, Shops and Office Buildings; Commercial Circulation Operation; and Other segments.

Full company description

Shenzhen HeungKong Holding Co.,Ltd, together with its subsidiaries, engages in the real estate development and operation businesses in China. It operates through Sales of Commercial Housing, Shops and Office Buildings; Commercial Circulation Operation; and Other segments. It is also involved in property management; tourist development; wholesale and retail; furnish; leasing; consulting management; elderly care services; medical; invest; educate; information technology consulting; cultural and creative services; construction engineering; enterprise management consulting; trading; exhibition; planning; technology; sales agent; electricity and heat production and supply; business services; professional technical; and research and experimental development activities. Shenzhen HeungKong Holding Co.,Ltd was founded in 1993 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen HeungKong Holding reported revenue of ¥1.4B in FY2025 versus ¥5.7B in FY2021, a compound −29.1%/yr. Reported net income was −¥88.3M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.4B CNY
Avg. growth/yr (3Y)
−13.0%
Avg. growth/yr (5Y)
−5.3%
Avg. growth/yr (29Y)
+11.0%
Revenue −29.1%/yr
FY21 ¥5.7B
FY22 ¥6.1B
FY23 ¥3.3B
FY24 ¥3.8B
FY25 ¥1.4B
Net income
FY21 ¥188M
FY22 ¥243M
FY23 ¥69.5M
FY24 ¥61.8M
FY25 −¥88.3M

600162 screens 68% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Shenzhen HeungKong Holding Fair Value". https://www.fairvalue-calculator.com/stock/600162

Peer Group

Real Estate - Development · 588 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 46 · Below median
Fair Value upside −68% · Bottom 25%
Return on assets -0% · Below median
Net margin (TTM) -7% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -32% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.30× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/B 0.27× · Cheaper than median
P/S (TTM) 1.15× · Pricier than median
EV/EBITDA 29.0× · Pricier than 75% of peers
PEG 0.73× · 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 48
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 85 · sector 84
DIVIDEND 3 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Shenzhen HeungKong Holding (600162) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ¥1.18 versus a price of ¥3.72, about −68% (overvalued).
What is the fair value of 600162?
Our model-based fair value for Shenzhen HeungKong Holding is ¥1.18 (as of Aug 6, 2026), built from audited fundamentals. The current price is ¥3.72.
What is the quality score of 600162?
Shenzhen HeungKong Holding has a Quality Score of 45/100. 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 Shenzhen HeungKong Holding (600162)?
Shenzhen HeungKong Holding reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 600162?
The net profit margin of Shenzhen HeungKong Holding is about -6.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Shenzhen HeungKong Holding pay a dividend?
Shenzhen HeungKong Holding currently shows a dividend yield of about 0.16% relative to its recent price (as of Aug 6, 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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