Metro Investment Development Co Ltd (600683) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Metro Investment Development Co Ltd ¥24.05, price ¥9.62, upside +150.0%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥3.22 – ¥20.85 · fair‑value band ¥14.00 – ¥32.82 · the ¥9.62 price screens below the ¥24.05 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Metro Land Corporation Ltd. engages in the real estate development, operation, and leasing in China. It develops and operates self-owned, track, and rail properties and complexes, bungalows, villas, commercial, residential, office, and supporting facilities, housing, hotel, business, and regional development projects.
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Metro Land Corporation Ltd. engages in the real estate development, operation, and leasing in China. It develops and operates self-owned, track, and rail properties and complexes, bungalows, villas, commercial, residential, office, and supporting facilities, housing, hotel, business, and regional development projects. The company was founded in 1992 and is based in Beijing, China.
Stock analysis
Metro Investment Development Co Ltd (600683) currently trades at ¥9.62, while our model-based Fair Value estimate is ¥24.05, implying the stock looks roughly 60.0% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of ¥37.94 per share, and 2 of the 3 models we run sit above the ¥9.62 price.
Bear case: the Asset-Based group reads lowest at ¥5.81, and 1 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥14.00 (bear) to ¥32.82 (bull), the price of ¥9.62 sits below 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 31/100 (below-average 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.
Metro Investment Development Co Ltd reported revenue of 1.4B CNY in FY2024 versus 8.9B CNY in FY2020, a compound −36.8%/yr. Reported net income was −1.1B CNY in FY2024.
Key figures
Market cap 7.1B CNY (≈ $1.1B) · P/S ratio 1.04 · EPS (TTM) ¥−1.91 · Net margin −74.4% · Return on equity −26.6% · Return on assets (EBIT) 0.5% · Operating margin −7.1% · Revenue growth (YoY) +227%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 54% below its 52-week high and 140% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 150%, 600683 screens cheaper than that median.
Fair Value models
Bear ¥14.00Fair Value ¥24.05Bull ¥32.82
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−86.7%
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.
−40.6%
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.
−20.0%
Revenue growth 34 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.
+4.5%
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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.
15.6% (2019) → −91.3% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
Compare Metro Investment Development Co Ltd with another stock
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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 · 578 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+150% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−1% · Bottom 25%
Net margin (TTM)−19% · Bottom 25%
Operating margin (TTM)−7% · Bottom 25%
Growth and dividend
Revenue growth227% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
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). "Metro Investment Development Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600683
Frequently asked questions
Is Metro Investment Development Co Ltd (600683) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥24.05 versus a price of ¥9.62, about +150% upside (undervalued).
What is the fair value of 600683?
Our model-based fair value for Metro Investment Development Co Ltd is ¥24.05 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥9.62.
What is the quality score of 600683?
Metro Investment Development Co Ltd has a Quality Score of 31/100. 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 Metro Investment Development Co Ltd (600683)?
Our model-based price target is the fair value of ¥24.05 (as of Sep 24, 2026) from 3 valuation models. Cautious scenario ¥14.00, optimistic scenario ¥32.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Metro Investment Development Co Ltd stock forecast for 2026?
Our models put fair value at ¥24.05, about +150% upside versus a price of ¥9.62 (undervalued). Cautious scenario ¥14.00, optimistic scenario ¥32.82. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Metro Investment Development Co Ltd (600683)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Metro Investment Development Co Ltd it is ¥24.05 per share (as of Sep 24, 2026), against a price of ¥9.62. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Metro Investment Development Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600683 trades below its calculated fair value: price ¥9.62, fair value ¥24.05, a gap of about +150% (undervalued). 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 600683?
No. The price is what the market pays today (¥9.62); the fair value is what the company's own numbers justify (¥24.05). For Metro Investment Development Co Ltd the two are ¥14.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Metro Investment Development Co Ltd worth?
The market values Metro Investment Development Co Ltd at about 7.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥9.62; our models calculate a fair value of ¥24.05 per share.
What do the bullish and bearish scenarios say about 600683?
Our models span a range for Metro Investment Development Co Ltd: cautious scenario ¥14.00, base ¥24.05, optimistic ¥32.82 per share (as of Sep 24, 2026, price ¥9.62). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Metro Investment Development Co Ltd (600683)?
Balance-sheet figures for Metro Investment Development Co Ltd (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 600683 from its 52-week high?
Metro Investment Development Co Ltd trades at ¥9.62, about 54% below its 52-week high of ¥20.85 and 140% above the low of ¥4.01 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥24.05 is for.
Which stocks are comparable to Metro Investment Development Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Metro Investment Development Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥9.62, calculated fair value ¥24.05 (+150%), Quality Score 31/100, from 3 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 600683 calculated?
We run Metro Investment Development Co Ltd through 3 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 ¥24.05, 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 14.1 % above its aggregate fair value. Metro Investment Development Co Ltd currently trades 150 % below its own fair value, and the market average says nothing about that. 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 Metro Investment Development Co Ltd (600683)?
The closing price on Sep 23, 2026 was ¥9.62. Our model-based fair value is ¥24.05, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Metro Investment Development Co Ltd right now?
The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥14.00). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥14.00 to ¥32.82) leaves room in how you read the outcome.
Key figures of Metro Investment Development Co Ltd
How large is the market capitalisation of Metro Investment Development Co Ltd (600683)?
The market capitalisation of Metro Investment Development Co Ltd is 7.1B CNY (≈ $1.1B). 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 Metro Investment Development Co Ltd (600683)?
The price-to-sales ratio of Metro Investment Development Co Ltd is 1.04 (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 Metro Investment Development Co Ltd (600683)?
Earnings per share at Metro Investment Development Co Ltd are ¥−1.91. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Metro Investment Development Co Ltd (600683)?
The net margin of Metro Investment Development Co Ltd is −74.4% (fiscal year 2024). 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 Metro Investment Development Co Ltd (600683)?
The return on equity (ROE) of Metro Investment Development Co Ltd is −26.6% (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 Metro Investment Development Co Ltd (600683)?
On an EBIT basis the return on assets of Metro Investment Development Co Ltd is 0.5% (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 Metro Investment Development Co Ltd (600683)?
The operating margin of Metro Investment Development Co Ltd is −7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Metro Investment Development Co Ltd (600683)?
Revenue at Metro Investment Development Co Ltd is growing +227% versus a year earlier (3y avg −40.6%). 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 Metro Investment Development Co Ltd (600683)?
Earnings per share at Metro Investment Development Co Ltd are growing −53.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Metro Investment Development Co Ltd (600683) generate?
The free cash flow of Metro Investment Development Co Ltd is −6.2B CNY (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Metro Investment Development Co Ltd (600683) carry?
The net debt of Metro Investment Development Co Ltd is 31.3B CNY (fiscal year 2024). 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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