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BEH-Property Co (600791) Fair Value & Analysis

Real Estate · CN · Market cap 3.3B CNY

BP BEH-Property Co 600791 · SHG
Price¥7.26
Fair Value¥11.96
Upside+64.7%
Quality40/100
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Weak Growth
Loss-making · -49.9% net margin
High debt · generates free cash flow
Trails peers (4/11)
Narrow moat 9/100
Evidence: Medium Range ¥6.75 – ¥16.24 Share as image

Fair value as of: Aug 9, 2026

From 3 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥14.18 to ¥11.96 (−15.7%) since Jul 25, 2026. Share price −2.8% over the past month.

Below-average quality, screening 65% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (¥6.75 to ¥16.24) leaves room in how you read the outcome.
  • 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)

¥16.45 ¥3.02 Fair Value ¥11.96 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 ¥3.02 – ¥16.45 · fair‑value band ¥6.75 – ¥16.24 · the ¥7.26 price screens below the ¥11.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

BEH-Property Co (600791) currently trades at ¥7.26, while our model-based Fair Value estimate is ¥11.96, implying the stock looks roughly 64.7% undervalued today. The Quality Score stands at 40/100 (below-average 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, BEH-Property Co generated revenue of 2.3B CNY at a net margin of -49.9%. Revenue grew 9.7% year over year. It earns a return on equity of -47.2%. Net debt stands at 2.4B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥6.75 (bear case) to ¥16.24 (bull case); at ¥7.26, 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 59% below its 52-week high and 67% 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 65%, 600791 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
Gordon GGM ¥7.81 ¥15.56 ¥23.56 70
DDM Multi-Stage ¥7.81 ¥13.45 ¥16.42 61
NCAV (Graham) ¥1.63 ¥2.19 ¥3.27 50
All 3 models by family
Dividend Discount
Gordon GGM ¥7.81 ¥15.56 ¥23.56 70
DDM Multi-Stage ¥7.81 ¥13.45 ¥16.42 61
Asset-Based
NCAV (Graham) ¥1.63 ¥2.19 ¥3.27 50

Widest divergence: Dividend Discount (¥13.45) versus Asset-Based (¥2.19). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 2.3B CNY
Revenue growth (YoY) +9.7%
Net margin -49.9%
Return on equity -47.2%
Free cash flow 38.1M CNY FY2025
Operating margin -0.5%
More key figures
EPS (TTM) ¥-2.50
EPS growth (YoY) -97.8%
Net debt 2.4B CNY FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 38 · Market factors (momentum, volatility) 40

Profitability 1
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

BEH-Property Co.,Ltd. together with subsidiaries engages in the real estate development in China. The company develops, sells, and leases commercial housing properties.

Full company description

BEH-Property Co.,Ltd. together with subsidiaries engages in the real estate development in China. The company develops, sells, and leases commercial housing properties. It is also involved in interior decoration; daily necessities; needles and textiles; clothing; shoes and hats; gold and silver jewelry; electromechanical and ethnic products; decoration business; automobile trade; accommodation; catering; entertainment services; and import and export businesses. BEH-Property Co.,Ltd. was founded in 1993 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BEH-Property Co reported revenue of ¥2.2B in FY2025 versus ¥2.1B in FY2021, a compound +1.3%/yr. Reported net income was −¥1.2B in FY2025.

Growth Quality 10/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.2B CNY
Latest YoY
−58.9%
Avg. growth/yr (3Y)
−28.7%
Avg. growth/yr (30Y)
+9.8%
Revenue +1.3%/yr
FY21 ¥2.1B
FY22 ¥6.2B
FY23 ¥4.5B
FY24 ¥5.5B
FY25 ¥2.2B
Net income
FY21 ¥55.7M
FY22 ¥130M
FY23 −¥407M
FY24 −¥109M
FY25 −¥1.2B

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Cite: Fair Value Calculator (2026). "BEH-Property Co Fair Value". https://www.fairvalue-calculator.com/stock/600791

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 40 · Below median
Fair Value upside +65% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) -50% · Bottom 25%
Operating margin (TTM) -0% · Below median
Revenue growth 10% · Above median
Debt / equity 2.96× · Higher than 75% of peers

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

P/B 0.33× · Cheaper than median
P/S (TTM) 0.22× · Cheaper than 75% of peers
P/FCF 12.8× · 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 49 · 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 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 BEH-Property Co (600791) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥11.96 versus a price of ¥7.26, about +65% (undervalued).
What is the fair value of 600791?
Our model-based fair value for BEH-Property Co is ¥11.96 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥7.26.
What is the quality score of 600791?
BEH-Property Co has a Quality Score of 40/100. 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 BEH-Property Co (600791)?
BEH-Property Co reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600791?
The net profit margin of BEH-Property Co is about -49.9%, 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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