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Beijing Capital Development Co (600376) Fair Value & Analysis

Real Estate · CN · Market cap 10.6B CNY

BC Beijing Capital Development Co 600376 · SHG
Price¥4.10
Fair Value¥10.25
Upside+150.0%
Quality53/100
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Weak Growth
Loss-making · -20.2% net margin
High debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 8/100
Evidence: Medium Range ¥2.05 – ¥16.69 Share as image

Fair value as of: Aug 8, 2026

From 8 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥8.00 to ¥10.25 (+28.1%) since Jul 25, 2026. Share price +23.9% over the past month.

A solid business, screening 150% undervalued on our models.

What matters now

  • The model range is unusually wide (¥2.05 to ¥16.69). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

¥8.07 ¥1.96 Fair Value ¥10.25 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥1.96 – ¥8.07 · fair‑value band ¥2.05 – ¥16.69 · the ¥4.10 price screens below the ¥10.25 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Beijing Capital Development Co (600376) currently trades at ¥4.10, while our model-based Fair Value estimate is ¥10.25, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Beijing Capital Development Co generated revenue of 31.1B CNY at a net margin of -20.2%. Revenue grew 26.7% year over year. It earns a return on equity of -15.3%. Net debt stands at 59.8B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥2.05 (bear case) to ¥16.69 (bull case); at ¥4.10, the current price sits within 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 54% below its 52-week high and 81% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 150%, 600376 screens cheaper 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 ¥22.77 ¥63.90 ¥145.27 80
Rev-Margin DCF ¥2.29 ¥15.72 74
NCAV (Graham) ¥1.92 ¥2.57 ¥3.84 50
All 8 models by family
DCF Models
FCF DCF ¥25.43 ¥55.14 ¥146.02 38
5Y Revenue Exit ¥11.13 39
5Y EBITDA Exit ¥5.23 ¥21.98 41
10Y Revenue Exit ¥2.31 ¥16.29 ¥25.60 36
10Y EBITDA Exit ¥4.40 ¥21.62 ¥49.66 37
Asset-Based
NCAV (Graham) ¥1.92 ¥2.57 ¥3.84 50
Growth DCF
Growth DCF ¥22.77 ¥63.90 ¥145.27 80
Rev-Margin DCF ¥2.29 ¥15.72 74

Widest divergence: DCF Models (¥16.29) versus Growth DCF (¥2.29). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 31.1B CNY
Revenue growth (YoY) +26.7%
Net margin -20.2%
Return on equity -15.3%
Free cash flow 7.6B CNY FY2025
Operating margin -0.4%
More key figures
EPS (TTM) ¥-2.52
EPS growth (YoY) -8.0%
Net debt 59.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 36

Profitability 2
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 56
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

Beijing Capital Development Co., Ltd. operates as a real estate development company in China. It also engages in the property management and real estate finance activities; renewal and renovation of old urban areas; and operation and promotion of long-term rental apartments, office buildings, and other formats.

Full company description

Beijing Capital Development Co., Ltd. operates as a real estate development company in China. It also engages in the property management and real estate finance activities; renewal and renovation of old urban areas; and operation and promotion of long-term rental apartments, office buildings, and other formats. The company was founded in 1993 and is based in Beijing, China. Beijing Capital Development Co., Ltd. is a subsidiary of Beijing Capital Development Holding (Group) Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Capital Development Co reported revenue of ¥30.1B in FY2025 versus ¥67.8B in FY2021, a compound −18.4%/yr. Reported net income was −¥6.6B in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
30.1B CNY
Latest YoY
+24.3%
Avg. growth/yr (3Y)
−14.4%
Avg. growth/yr (5Y)
−7.4%
Avg. growth/yr (28Y)
+21.5%
Revenue −18.4%/yr
FY21 ¥67.8B
FY22 ¥47.9B
FY23 ¥47.8B
FY24 ¥24.2B
FY25 ¥30.1B
Net income
FY21 ¥264M
FY22 −¥461M
FY23 −¥6.3B
FY24 −¥8.1B
FY25 −¥6.6B

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Cite: Fair Value Calculator (2026). "Beijing Capital Development Co Fair Value". https://www.fairvalue-calculator.com/stock/600376

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 54 · Above median
Fair Value upside +150% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -0% · Below median
Revenue growth 27% · Above median
Debt / equity 7.55× · Higher than 75% of peers

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

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than median
PEG 2.92× · Pricier than 75% of peers

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 100 · sector 48
FUTURE 100 · sector 0
PAST 0 · sector 10
HEALTH 0 · sector 84
DIVIDEND 0 · sector 38

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 8, 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 Beijing Capital Development Co (600376) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥10.25 versus a price of ¥4.10, about +150% (undervalued).
What is the fair value of 600376?
Our model-based fair value for Beijing Capital Development Co is ¥10.25 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥4.10.
What is the quality score of 600376?
Beijing Capital Development Co 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 revenue of Beijing Capital Development Co (600376)?
Beijing Capital Development Co reported trailing-twelve-month revenue of about 31.1B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600376?
The net profit margin of Beijing Capital Development Co is about -20.2%, meaning it is currently running at a net loss. 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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