Ningbo Fuda Company (600724) Fair Value & Analysis
Real Estate · CN · Market cap 7.4B CNY
Fair value as of: Aug 9, 2026
From 16 valuation models · updated yesterday
Share price −2.7% over the past month.
A solid business, but screening 51% overvalued on our models.
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥3.14). The favourable scenario is already priced in.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.
How to read this chart
60‑month range ¥2.85 – ¥8.42 · fair‑value band ¥1.83 – ¥3.14 · the ¥5.09 price screens above the ¥2.49 fair value. Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Ningbo Fuda Company (600724) currently trades at ¥5.09, while our model-based Fair Value estimate is ¥2.49, implying the stock looks roughly 51.1% overvalued today. The Quality Score stands at 71/100 (solid 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, Ningbo Fuda Company generated revenue of 1.4B CNY at a net margin of 12.9%. Revenue declined 11.7% year over year. It earns a return on equity of 4.2%. The balance sheet holds a net cash position of 431M CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥1.83 (bear case) to ¥3.14 (bull case); at ¥5.09, 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 41% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -51%, 600724 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.
All 16 models by family
Widest divergence: DCF Models (¥2.93) versus Asset-Based (¥1.33). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 33
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
Ningbo Fuda Company Limited manufactures and sells cement building materials in China. The company operates shopping centers, department stores, trendy brand malls, urban fashion and leisure commercial complexes, and historical districts. It also engages in the urban commercial real estate operation and management; and sale of fuel oil.
Full company description
Ningbo Fuda Company Limited manufactures and sells cement building materials in China. The company operates shopping centers, department stores, trendy brand malls, urban fashion and leisure commercial complexes, and historical districts. It also engages in the urban commercial real estate operation and management; and sale of fuel oil. The company was incorporated in 1989 and is headquartered in Ningbo, China. Ningbo Fuda Company Limited operates as a subsidiary of Ningbo Urban Construction Investment Holding Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ningbo Fuda Company reported revenue of ¥1.5B in FY2025 versus ¥2.3B in FY2021, a compound −10.9%/yr. Reported net income was ¥183M in FY2025, compounding −15.6%/yr from FY2021.
600724 screens 51% overvalued. Compare with Vingroup Joint Stock Company →
Peer Group
Real Estate Services · 521 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.
Valuation Multiples vs Real Estate Services median · lower = cheaper
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: 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.
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 Services stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 223,000 VND | 25,731 VND | -88% |
| KE Holdings 2423 | HK$44.76 | HK$18.03 | -60% |
| Swire Properties Limited 1972 | HK$23.90 | HK$18.75 | -22% |
| Plaza S.A MALLPLAZA | 3,725 CLP | 5,571 CLP | +50% |
| SAGAA SAGAA | kr 170.00 | kr 75.55 | -56% |
| Cencosud Shopping S.A CENCOMALLS | 2,324 CLP | 2,976 CLP | +28% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 372.00 IDR | 1,208 IDR | +225% |
| PT Metropolitan Kentjana Tbk MKPI | 20,975 IDR | 19,160 IDR | -9% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,530 IDR | 3,464 IDR | -2% |
| IRSA Inversiones y Representaciones Sociedad Anónima, IRSA | 2,495 ARS | 3,998 ARS | +60% |
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Frequently asked questions
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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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