Tianjin Jintou State-owned Urban Development Co (600322) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Tianjin Jintou State-owned Urban Development Co stock ¥1.93, price ¥2.46, upside -21.5%, quality 58 out of 100. Rating: overvalued. 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, dashed = 300-day average. As of Oct 20, 2026.
How to read this chart
60‑month range ¥1.18 – ¥3.80 · fair‑value band ¥0.8500 – ¥3.73 · the ¥2.46 price screens above the ¥1.93 fair value. Dashed = 300-day average. As of Oct 20, 2026.
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Tianjin Jintou State-owned Urban Development Co., Ltd. engages in the real estate development business in China. It also provides property and rental services. The company was founded in 1981 and is based in Tianjin, China.
Stock analysis
Tianjin Jintou State-owned Urban Development Co (600322) currently trades at ¥2.46, while our model-based Fair Value estimate is ¥1.93, 21.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥1.93 per share, and 2 of the 7 models we run sit above the ¥2.46 price.
Bear case: the Multiples group reads lowest at ¥0.6500, and 5 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.8500 (bear) to ¥3.73 (bull), the price of ¥2.46 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 58/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tianjin Jintou State-owned Urban Development Co reported revenue of 966M CNY in FY2025 versus 4.7B CNY in FY2021, a compound −32.5%/yr. Reported net income was −1.4B CNY in FY2025.
Key figures
Market cap 2.7B CNY (≈ $408M) Small · P/S ratio 5.57 · EPS (TTM) ¥−0.7400 · Dividend yield 10.4% · Net margin −141% · Return on equity −6,071% · Return on assets (EBIT) −39.1% · Operating margin −0.3%.
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 about 20% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at −22%, 600322 screens richer than that median.
Fair Value models
Bear¥0.8500Fair Value ¥1.93Bull¥3.73
Price ¥2.46 · Upside -21.5%
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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−64.4%
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.
−34.0%
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.
−18.9%
Start year 2020 (pandemic). Over 10 years: −12.8% a year
Revenue growth 27 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.
+2.0%
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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.
7.2% (2018) → −45.3% (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).
+9.4%
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 +7.6% a year for the price.
Compare Tianjin Jintou State-owned Urban Development Co 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.Real Estate - Development · 572 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Top 25%
Fair Value upside−21.5% · Below median
Profitability
Net margin (12 months)−170.8% · Bottom 25%
Operating margin (12 months)−0.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−93.8% · Bottom 25%
Dividend yield (12 months)10.4% · Top 25%
Balance sheet
Debt / equity60.05× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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). "Tianjin Jintou State-owned Urban Development Co Fair Value". https://www.fairvalue-calculator.com/stock/600322
Frequently asked questions
Is Tianjin Jintou State-owned Urban Development Co (600322) overvalued or undervalued?
As of Oct 20, 2026, our model estimates a fair value of ¥1.93 versus a price of ¥2.46, about −22% upside (overvalued).
What is the fair value of 600322?
Our model-based fair value for Tianjin Jintou State-owned Urban Development Co is ¥1.93 (as of Oct 20, 2026), built from audited fundamentals. The current price: ¥2.46.
What is the quality score of 600322?
Tianjin Jintou State-owned Urban Development Co has a Quality Score of 58/100. 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 Tianjin Jintou State-owned Urban Development Co (600322)?
Our model-based price target is the fair value of ¥1.93 (as of Oct 20, 2026) from 7 valuation models. Cautious scenario ¥0.8500, optimistic scenario ¥3.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Tianjin Jintou State-owned Urban Development Co stock forecast for 2026?
Our models put fair value at ¥1.93, about −22% upside versus a price of ¥2.46 (overvalued). Cautious scenario ¥0.8500, optimistic scenario ¥3.73. The calculation is refreshed regularly with new filings.
What is the revenue of Tianjin Jintou State-owned Urban Development Co (600322)?
Tianjin Jintou State-owned Urban Development Co reported trailing-twelve-month revenue of about 494M CNY (latest available figure, as of Oct 20, 2026).
Does Tianjin Jintou State-owned Urban Development Co pay a dividend?
Tianjin Jintou State-owned Urban Development Co currently shows a dividend yield of 10.38% relative to its recent price (as of Oct 20, 2026).
What growth is priced into Tianjin Jintou State-owned Urban Development Co (600322)?
For today's price to be fair in a discounted-cash-flow model, Tianjin Jintou State-owned Urban Development Co would have to grow free cash flow by +9.4 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -18.9 % per year. As of Oct 20, 2026.
What discount rate (WACC) does the fair value of 600322 use?
Our models discount Tianjin Jintou State-owned Urban Development Co at 10.4 %: a base by market capitalisation (small), damped by beta 0.40, 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 Tianjin Jintou State-owned Urban Development Co that is +9.4 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Tianjin Jintou State-owned Urban Development Co (600322) delivered so far?
Over the past 5 years revenue at Tianjin Jintou State-owned Urban Development Co grew -18.9 % a year. The price currently implies +9.4 % 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 Tianjin Jintou State-owned Urban Development Co (600322) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Tianjin Jintou State-owned Urban Development Co (+9.4 % 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 Tianjin Jintou State-owned Urban Development Co (600322)?
The free-cash-flow yield on the price is 14.60 %: that much free cash flow Tianjin Jintou State-owned Urban Development Co produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tianjin Jintou State-owned Urban Development Co (600322)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tianjin Jintou State-owned Urban Development Co it is ¥1.93 per share (as of Oct 20, 2026), against a price of ¥2.46. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Tianjin Jintou State-owned Urban Development Co stock overvalued or undervalued in 2026?
As of Oct 20, 2026, 600322 trades above its calculated fair value: price ¥2.46, fair value ¥1.93, a gap of about −22% (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 600322?
No. The price is what the market pays today (¥2.46); the fair value is what the company's own numbers justify (¥1.93). For Tianjin Jintou State-owned Urban Development Co the two are ¥0.5300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tianjin Jintou State-owned Urban Development Co worth?
The market values Tianjin Jintou State-owned Urban Development Co at about 2.7B CNY (market capitalisation, as of Oct 20, 2026). Per share that is ¥2.46; our models calculate a fair value of ¥1.93 per share.
What do the bullish and bearish scenarios say about 600322?
Our models span a range for Tianjin Jintou State-owned Urban Development Co: cautious scenario ¥0.8500, base ¥1.93, optimistic ¥3.73 per share (as of Oct 20, 2026, price ¥2.46). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 600322 from its 52-week high?
Tianjin Jintou State-owned Urban Development Co trades at ¥2.46, about 20% below its 52-week high of ¥3.09 and 12% above the low of ¥2.20 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.93 is for.
Which stocks are comparable to Tianjin Jintou State-owned Urban Development Co?
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 Tianjin Jintou State-owned Urban Development Co stock attractive at the current price?
The data as of Oct 20, 2026: price ¥2.46, calculated fair value ¥1.93 (−22%), Quality Score 58/100, 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 600322 calculated?
We run Tianjin Jintou State-owned Urban Development Co 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 ¥1.93, 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 13.8 % above its aggregate fair value. Tianjin Jintou State-owned Urban Development Co 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 Tianjin Jintou State-owned Urban Development Co (600322)?
The closing price on Oct 20, 2026 was ¥2.46. Our model-based fair value is ¥1.93, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tianjin Jintou State-owned Urban Development Co right now?
The model range is unusually wide (¥0.8500 to ¥3.73). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Tianjin Jintou State-owned Urban Development Co
How large is the market capitalisation of Tianjin Jintou State-owned Urban Development Co (600322)?
The market capitalisation of Tianjin Jintou State-owned Urban Development Co is 2.7B CNY (≈ $408M). 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 Tianjin Jintou State-owned Urban Development Co (600322)?
The price-to-sales ratio of Tianjin Jintou State-owned Urban Development Co is 5.57 (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 Tianjin Jintou State-owned Urban Development Co (600322)?
Earnings per share at Tianjin Jintou State-owned Urban Development Co are ¥−0.7400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tianjin Jintou State-owned Urban Development Co (600322)?
The dividend yield of Tianjin Jintou State-owned Urban Development Co is 10.4%. 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 Tianjin Jintou State-owned Urban Development Co (600322)?
The net margin of Tianjin Jintou State-owned Urban Development Co 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 Tianjin Jintou State-owned Urban Development Co (600322)?
The return on equity (ROE) of Tianjin Jintou State-owned Urban Development Co is −6,071% (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 Tianjin Jintou State-owned Urban Development Co (600322)?
On an EBIT basis the return on assets of Tianjin Jintou State-owned Urban Development Co is −39.1% (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 Tianjin Jintou State-owned Urban Development Co (600322)?
The operating margin of Tianjin Jintou State-owned Urban Development Co is −0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tianjin Jintou State-owned Urban Development Co (600322)?
Revenue at Tianjin Jintou State-owned Urban Development Co is growing −93.8% versus a year earlier (3y avg −34.0%). 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 Tianjin Jintou State-owned Urban Development Co (600322)?
Earnings per share at Tianjin Jintou State-owned Urban Development Co are growing −69.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tianjin Jintou State-owned Urban Development Co (600322) carry?
The net debt of Tianjin Jintou State-owned Urban Development Co is 4.4B CNY (fiscal year 2024, ≈ 11.2 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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