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Suzhou New District Hi-Tech Industrial Co (600736) Fair Value & Analysis

Real Estate · CN · Market cap 7.7B CNY

SN Suzhou New District Hi-Tech Industrial Co 600736 · SHG
Price¥6.65
Fair Value¥2.18
Upside-67.2%
Quality35/100
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Weak Growth
Thin margins · 4.1% net margin
High debt · negative free cash flow
0.27% dividend yield
Trails peers (0/12)
Narrow moat 21/100
Evidence: Medium Range ¥1.63 – ¥2.72 Share as image

Fair value as of: Aug 9, 2026

From 6 valuation models · updated yesterday

Share price +1.3% over the past month.

Below-average quality, and screening another 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.72). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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)

¥9.96 ¥3.89 Fair Value ¥2.18 Mar 2021 Aug 2026

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 ¥3.89 – ¥9.96 · fair‑value band ¥1.63 – ¥2.72 · the ¥6.65 price screens above the ¥2.18 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Suzhou New District Hi-Tech Industrial Co (600736) currently trades at ¥6.65, while our model-based Fair Value estimate is ¥2.18, implying the stock looks roughly 67.2% overvalued today. The Quality Score stands at 35/100 (below-average 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, Suzhou New District Hi-Tech Industrial Co generated revenue of 5.3B CNY at a net margin of 4.1%. Revenue declined 11.2% year over year. It earns a return on equity of -1.0%. Net debt stands at 34.6B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥1.63 (bear case) to ¥2.72 (bull case); at ¥6.65, 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 37% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -67%, 600736 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥6.00 ¥5.69 ¥4.25 76
Gordon GGM ¥11.46 ¥22.83 ¥34.57 70
DDM Multi-Stage ¥11.46 ¥19.73 ¥24.10 61
All 6 models by family
Dividend Discount
Gordon GGM ¥11.46 ¥22.83 ¥34.57 70
DDM Multi-Stage ¥11.46 ¥19.73 ¥24.10 61
Multiples
P/S Multiple ¥1.63 ¥2.18 ¥2.72 58
P/B Multiple ¥1.63 ¥2.18 ¥2.72 55
Asset-Based
NCAV (Graham) ¥4.36 ¥5.85 ¥8.73 50
Economic Profit
Residual Income ¥6.00 ¥5.69 ¥4.25 76

Widest divergence: Dividend Discount (¥19.73) versus Multiples (¥2.18). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 5.3B CNY
Revenue growth (YoY) -11.2%
Net margin 4.1%
Return on equity -1.0%
Free cash flow −1.1B CNY FY2025
P/E ratio 79.4
More key figures
Operating margin -0.8%
EPS (TTM) ¥0.1000
Dividend yield 0.2%
EPS growth (YoY) +60.0%
Net debt 34.6B CNY FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 34 · Market factors (momentum, volatility) 40

Profitability 13
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 40
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

Suzhou New District Hi-Tech Industrial Co.,Ltd engages in the industrial and urban integrated development business in China.

Full company description

Suzhou New District Hi-Tech Industrial Co.,Ltd engages in the industrial and urban integrated development business in China. The company is also involved in the investment promotion, construction, and operation of the green and low-carbon and medical device industrial parks; green and low-carbon manufacturing; photovoltaic energy storage; distribution and sales of electricity; vibration testing equipment manufacturing and testing services; industrial investment; real estate; cultural tourism; energy conservation and environmental protection; trading; investment management; and financial leasing activities. Suzhou New District Hi-Tech Industrial Co.,Ltd was founded in 1994 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Suzhou New District Hi-Tech Industrial Co reported revenue of ¥5.5B in FY2025 versus ¥11.9B in FY2021, a compound −17.7%/yr. Reported net income was ¥148M in FY2025, compounding −22.4%/yr from FY2021.

Growth Quality 8/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.5B CNY
Latest YoY
−25.1%
Avg. growth/yr (3Y)
−20.1%
Avg. growth/yr (5Y)
−11.4%
Avg. growth/yr (31Y)
+13.0%
Revenue −17.7%/yr
FY21 ¥11.9B
FY22 ¥10.7B
FY23 ¥7.8B
FY24 ¥7.3B
FY25 ¥5.5B
Net income −22.4%/yr
FY21 ¥407M
FY22 ¥509M
FY23 ¥202M
FY24 ¥131M
FY25 ¥148M

600736 screens 67% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Suzhou New District Hi-Tech Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/600736

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 35 · Bottom 25%
Fair Value upside −67% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth -11% · Below median
Dividend yield (TTM) 0.3% · Below median
Debt / equity 3.79× · Higher than 75% of peers

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

P/E (TTM) 66.5× · Pricier than 75% of peers
P/B 0.76× · Pricier than median
P/S (TTM) 1.45× · Pricier than median

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 · sector 48
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 0 · sector 84
DIVIDEND 5 · sector 38

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.

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 9, 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 Suzhou New District Hi-Tech Industrial Co (600736) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥2.18 versus a price of ¥6.65, about −67% (overvalued).
What is the fair value of 600736?
Our model-based fair value for Suzhou New District Hi-Tech Industrial Co is ¥2.18 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥6.65.
What is the quality score of 600736?
Suzhou New District Hi-Tech Industrial Co has a Quality Score of 35/100. 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 Suzhou New District Hi-Tech Industrial Co (600736)?
Suzhou New District Hi-Tech Industrial Co reported trailing-twelve-month revenue of about 5.3B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600736?
The net profit margin of Suzhou New District Hi-Tech Industrial Co is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Suzhou New District Hi-Tech Industrial Co pay a dividend?
Suzhou New District Hi-Tech Industrial Co currently shows a dividend yield of about 0.23% relative to its recent price (as of Aug 9, 2026).

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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