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Seazen Holdings (601155) Fair Value & Analysis

Real Estate · CN · Market cap 24.9B CNY

SH Seazen Holdings 601155 · SHG
Price¥11.02
Fair Value¥9.49
Upside-13.9%
Quality49/100
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Mixed Growth
Thin margins · 1.4% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 30/100
Evidence: Medium Range ¥4.60 – ¥16.19 Share as image

Fair value as of: Aug 8, 2026

From 14 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥10.36 to ¥9.49 (−8.4%) since Jul 25, 2026. Share price +6.4% over the past month.

Below-average quality, and screening another 14% overvalued on our models.

What matters now

  • The model range is unusually wide (¥4.60 to ¥16.19). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • 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)

¥48.59 ¥8.05 Fair Value ¥9.49 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 ¥8.05 – ¥48.59 · fair‑value band ¥4.60 – ¥16.19 · the ¥11.02 price screens above the ¥9.49 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Seazen Holdings (601155) currently trades at ¥11.02, while our model-based Fair Value estimate is ¥9.49, implying the stock looks roughly 13.9% overvalued today. The Quality Score stands at 49/100 (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, Seazen Holdings generated revenue of 50.6B CNY at a net margin of 1.4%. Revenue declined 24.9% year over year. It earns a return on equity of 0.5%. Net debt stands at 55.2B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥4.60 (bear case) to ¥16.19 (bull case); at ¥11.02, 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -14%, 601155 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 ¥18.84 ¥17.81 ¥13.15 76
Rev-Margin DCF ¥1.18 ¥11.54 ¥22.56 74
Gordon GGM ¥12.40 ¥21.98 ¥34.13 70
All 14 models by family
DCF Models
5Y Revenue Exit ¥1.18 ¥11.67 ¥24.83 39
5Y EBITDA Exit ¥6.29 ¥20.78 ¥37.19 41
10Y Revenue Exit ¥5.59 ¥16.76 36
10Y EBITDA Exit ¥0.7300 ¥11.76 ¥25.80 37
Dividend Discount
Gordon GGM ¥12.40 ¥21.98 ¥34.13 70
DDM Multi-Stage ¥12.40 ¥18.51 ¥25.21 61
Multiples
P/S Multiple ¥3.84 ¥5.13 ¥6.41 58
P/B Multiple ¥3.84 ¥5.13 ¥6.41 55
EV/EBIT ¥25.79 ¥39.03 ¥52.27 53
EV/EBITDA ¥18.67 ¥29.53 ¥40.40 54
EV/Revenue ¥7.98 ¥17.37 ¥26.75 43
Asset-Based
NCAV (Graham) ¥13.65 ¥18.30 ¥27.31 50
Growth DCF
Rev-Margin DCF ¥1.18 ¥11.54 ¥22.56 74
Economic Profit
Residual Income ¥18.84 ¥17.81 ¥13.15 76

Widest divergence: Dividend Discount (¥18.51) versus Growth DCF (¥11.54). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 50.6B CNY
Revenue growth (YoY) -24.9%
Net margin 1.4%
Return on equity 0.5%
Free cash flow 1.2B CNY FY2025
P/E ratio 38.3
More key figures
Operating margin 18.7%
EPS (TTM) ¥0.3100
EPS growth (YoY) +7.7%
Net debt 55.2B CNY FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 14

Profitability 14
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 100
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

Seazen Holdings Co., Ltd engages in the real estate business in China. The company is involved in the operation and management of commercial complexes; development and sales of real estate; and hotel and eldercare businesses. It also provides agency construction services. The company was formerly known as Future Land Holdings Co., Ltd.

Full company description

Seazen Holdings Co., Ltd engages in the real estate business in China. The company is involved in the operation and management of commercial complexes; development and sales of real estate; and hotel and eldercare businesses. It also provides agency construction services. The company was formerly known as Future Land Holdings Co., Ltd. Seazen Holdings Co., Ltd was founded in 1993 and is headquartered in Shanghai, the People's Republic of China. Seazen Holdings Co., Ltd. is a subsidiary of Fuyu Development Group Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Seazen Holdings reported revenue of ¥53.0B in FY2025 versus ¥168B in FY2021, a compound −25.1%/yr. Reported net income was ¥680M in FY2025, compounding −51.8%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
53.0B CNY
Avg. growth/yr (3Y)
−19.1%
Avg. growth/yr (5Y)
+0.7%
Avg. growth/yr (13Y)
+17.6%
Revenue −25.1%/yr
FY21 ¥168B
FY22 ¥115B
FY23 ¥119B
FY24 ¥89.0B
FY25 ¥53.0B
Net income −51.8%/yr
FY21 ¥12.6B
FY22 ¥1.4B
FY23 ¥737M
FY24 ¥752M
FY25 ¥680M

601155 screens 14% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Seazen Holdings Fair Value". https://www.fairvalue-calculator.com/stock/601155

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 50 · Above median
Fair Value upside −14% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 19% · Above median
Revenue growth -25% · Below median
Debt / equity 0.62× · Higher than median

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

P/E (TTM) 35.5× · Pricier than 75% of peers
P/B 0.40× · Cheaper than median
P/S (TTM) 0.49× · Cheaper than median
P/FCF 3.2× · Pricier than 75% of peers
EV/EBITDA 9.1× · Cheaper 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 15 · sector 48
FUTURE 0 · sector 0
PAST 2 · sector 10
HEALTH 69 · 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 Seazen Holdings (601155) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥9.49 versus a price of ¥11.02, about −14% (overvalued).
What is the fair value of 601155?
Our model-based fair value for Seazen Holdings is ¥9.49 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥11.02.
What is the quality score of 601155?
Seazen Holdings has a Quality Score of 49/100. 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 Seazen Holdings (601155)?
Seazen Holdings reported trailing-twelve-month revenue of about 50.6B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 601155?
The net profit margin of Seazen Holdings is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. 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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