Beijing Vantone Real Estate Co Ltd (600246) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Beijing Vantone Real Estate Co Ltd stock ¥4.59, price ¥9.01, upside -49.1%, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 1, 2026.
How to read this chart
60‑month range ¥4.34 – ¥20.79 · fair‑value band ¥2.86 – ¥6.92 · the ¥9.01 price screens above the ¥4.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 1, 2026.
Follow Beijing Vantone Real Estate Co in your weekly email
Every Wednesday you see whether Beijing Vantone Real Estate Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Vantone Neo Development Group Co., Ltd. engages in the development and sale of real estate properties. Its property portfolio includes residential, commercial, and office buildings, as well as shops.
Show moreShow less
The company also provides property management, real estate brokerage, real estate information consulting, project and investment management, and asset management services, as well as design, production, agency, and advertising services.
In addition, it offers conference, technology promotion, general construction contracting, professional contracting, and sports project management services; hosts exhibitions; and sells stationery, building materials, computer software, hardware, and peripheral equipment.
Further, the company provides technology development and consulting; communication and entertainment technology solutions; operations management; culture media; and investment and financing management services. The company was founded in 1991 and is based in Beijing, China.
Stock analysis
Beijing Vantone Real Estate Co Ltd (600246) currently trades at ¥9.01, while our model-based Fair Value estimate is ¥4.59, 49.1% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.31 per share, and 0 of the 7 models we run sit above the ¥9.01 price.
Bear case: the Multiples group reads lowest at ¥0.5300, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥2.86 (bear) to ¥6.92 (bull), the price of ¥9.01 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 53/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Beijing Vantone Real Estate Co Ltd reported revenue of 463M CNY in FY2025 versus 813M CNY in FY2021, a compound −13.1%/yr. Reported net income was −655M CNY in FY2025.
Key figures
Market cap 17.0B CNY (≈ $2.6B) Mid · P/S ratio 30.1 · EPS (TTM) ¥−0.5000 · Dividend yield 0.4% · Net margin −141% · Return on equity −20.9% · Return on assets (EBIT) −3.0% · Operating margin −67.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at −49%, 600246 screens richer than that median.
Fair Value models
Bear¥2.86Fair Value ¥4.59Bull¥6.92
Price ¥9.01 · Upside -49.1%
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.15/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−6.4%
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.
+3.1%
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.
−19.4%
Start year 2020 (pandemic). Over 10 years: −15.9% a year
Revenue growth 28 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.
+5.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’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.
10.8% (2020) → −41.0% (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).
+52.9%
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 +50.4% a year for the price.
Compare Beijing Vantone Real Estate Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Real Estate - Development · 567 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−49.1% · Bottom 25%
Profitability
Return on assets−8.9% · Bottom 25%
Net margin (12 months)−162.2% · Bottom 25%
Operating margin (12 months)−67.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)61.9% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.32× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/B3.66× · Priciest 25%
P/S (12 months)29.07× · Priciest 25%
Price / free cash flow133.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 69
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 12
HEALTH (low debt)84· sector 83
DIVIDEND (yield)8· sector 60
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.
Cite: Fair Value Calculator (2026). "Beijing Vantone Real Estate Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600246
Frequently asked questions
Is Beijing Vantone Real Estate Co Ltd (600246) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of ¥4.59 versus a price of ¥9.01, about −49% upside (overvalued).
What is the fair value of 600246?
Our model-based fair value for Beijing Vantone Real Estate Co Ltd is ¥4.59 (as of Nov 1, 2026), built from audited fundamentals. The current price: ¥9.01.
What is the quality score of 600246?
Beijing Vantone Real Estate Co Ltd has a Quality Score of 53/100. 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 Beijing Vantone Real Estate Co Ltd (600246)?
Our model-based price target is the fair value of ¥4.59 (as of Nov 1, 2026) from 7 valuation models. Cautious scenario ¥2.86, optimistic scenario ¥6.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Beijing Vantone Real Estate Co Ltd stock forecast for 2026?
Our models put fair value at ¥4.59, about −49% upside versus a price of ¥9.01 (overvalued). Cautious scenario ¥2.86, optimistic scenario ¥6.92. The calculation is refreshed regularly with new filings.
What is the revenue of Beijing Vantone Real Estate Co Ltd (600246)?
Beijing Vantone Real Estate Co Ltd reported trailing-twelve-month revenue of about 586M CNY (latest available figure, as of Nov 1, 2026).
Does Beijing Vantone Real Estate Co Ltd pay a dividend?
Beijing Vantone Real Estate Co Ltd currently shows a dividend yield of 0.42% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Beijing Vantone Real Estate Co Ltd (600246)?
For today's price to be fair in a discounted-cash-flow model, Beijing Vantone Real Estate Co Ltd would have to grow free cash flow by +52.9 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -19.4 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of 600246 use?
Our models discount Beijing Vantone Real Estate Co Ltd at 11.3 %: a base by market capitalisation (mid), damped by beta 1.33, 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 Beijing Vantone Real Estate Co Ltd that is +52.9 % per year a year over ten years, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Beijing Vantone Real Estate Co Ltd (600246) delivered so far?
Over the past 5 years revenue at Beijing Vantone Real Estate Co Ltd grew -19.4 % a year. The price currently implies +52.9 % 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 Beijing Vantone Real Estate Co Ltd (600246) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into Beijing Vantone Real Estate Co Ltd (+52.9 % 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 Beijing Vantone Real Estate Co Ltd (600246)?
The free-cash-flow yield on the price is 0.75 %: that much free cash flow Beijing Vantone Real Estate Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Beijing Vantone Real Estate Co Ltd (600246)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Beijing Vantone Real Estate Co Ltd it is ¥4.59 per share (as of Nov 1, 2026), against a price of ¥9.01. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Beijing Vantone Real Estate Co Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 600246 trades above its calculated fair value: price ¥9.01, fair value ¥4.59, a gap of about −49% (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 600246?
No. The price is what the market pays today (¥9.01); the fair value is what the company's own numbers justify (¥4.59). For Beijing Vantone Real Estate Co Ltd the two are ¥4.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Beijing Vantone Real Estate Co Ltd worth?
The market values Beijing Vantone Real Estate Co Ltd at about 17.0B CNY (market capitalisation, as of Nov 1, 2026). Per share that is ¥9.01; our models calculate a fair value of ¥4.59 per share.
What do the bullish and bearish scenarios say about 600246?
Our models span a range for Beijing Vantone Real Estate Co Ltd: cautious scenario ¥2.86, base ¥4.59, optimistic ¥6.92 per share (as of Nov 1, 2026, price ¥9.01). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Beijing Vantone Real Estate Co Ltd (600246)?
Balance-sheet figures for Beijing Vantone Real Estate Co Ltd (as of Nov 1, 2026): return on equity −20.9%, debt of 0.32 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 600246 from its 52-week high?
Beijing Vantone Real Estate Co Ltd trades at ¥9.01, about 57% below its 52-week high of ¥20.79 and 1% above the low of ¥8.92 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.59 is for.
Which stocks are comparable to Beijing Vantone Real Estate Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, DLF Limited, 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 Beijing Vantone Real Estate Co Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price ¥9.01, calculated fair value ¥4.59 (−49%), Quality Score 53/100, from 7 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 600246 calculated?
We run Beijing Vantone Real Estate Co Ltd through 7 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 ¥4.59, 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 13.5 % above its aggregate fair value. Beijing Vantone Real Estate Co Ltd 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 Beijing Vantone Real Estate Co Ltd (600246)?
The closing price on Oct 30, 2026 was ¥9.01. Our model-based fair value is ¥4.59, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Beijing Vantone Real Estate Co Ltd right now?
The price sits above even our optimistic bull case (¥6.92). 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 (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥2.86 to ¥6.92) leaves room in how you read the outcome.
Key figures of Beijing Vantone Real Estate Co Ltd
How large is the market capitalisation of Beijing Vantone Real Estate Co Ltd (600246)?
The market capitalisation of Beijing Vantone Real Estate Co Ltd is 17.0B CNY (≈ $2.6B). 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 Beijing Vantone Real Estate Co Ltd (600246)?
The price-to-sales ratio of Beijing Vantone Real Estate Co Ltd is 30.1 (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 Beijing Vantone Real Estate Co Ltd (600246)?
Earnings per share at Beijing Vantone Real Estate Co Ltd are ¥−0.5000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Beijing Vantone Real Estate Co Ltd (600246)?
The dividend yield of Beijing Vantone Real Estate Co Ltd 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 Beijing Vantone Real Estate Co Ltd (600246)?
The net margin of Beijing Vantone Real Estate Co Ltd is −141% (fiscal year 2025). 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 Beijing Vantone Real Estate Co Ltd (600246)?
The return on equity (ROE) of Beijing Vantone Real Estate Co Ltd is −20.9% (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 Beijing Vantone Real Estate Co Ltd (600246)?
On an EBIT basis the return on assets of Beijing Vantone Real Estate Co Ltd is −3.0% (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 Beijing Vantone Real Estate Co Ltd (600246)?
The operating margin of Beijing Vantone Real Estate Co Ltd is −67.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Beijing Vantone Real Estate Co Ltd (600246)?
Revenue at Beijing Vantone Real Estate Co Ltd is growing +61.9% versus a year earlier (3y avg +3.1%). 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 Beijing Vantone Real Estate Co Ltd (600246)?
Earnings per share at Beijing Vantone Real Estate Co Ltd are growing +70.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Beijing Vantone Real Estate Co Ltd (600246) carry?
The net debt of Beijing Vantone Real Estate Co Ltd is 622M CNY (fiscal year 2025, ≈ 4.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Beijing Vantone Real Estate Co Ltd in the live analysis
One click puts Beijing Vantone Real Estate Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Thin data
Nov 1, 2026