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Beijing North Star Company (601588) Fair Value & Analysis

Real Estate · CN · Market cap 5.7B CNY

BN Beijing North Star Company 601588 · SHG
Price¥1.68
Fair Value¥0.3400
Upside-79.8%
Quality49/100
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Weak Growth
Loss-making · -46.3% net margin
High debt · generates free cash flow
Trails peers (4/11)
Narrow moat 18/100
Evidence: Medium Range ¥0.3400 – ¥1.25 Share as image

Fair value as of: Aug 10, 2026

From 9 valuation models · updated today

Fair value updated Aug 10, 2026, revised from ¥0.3800 to ¥0.3400 (−10.5%) since Jul 5, 2026. Share price +4.3% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.25). The favourable scenario is already priced in.
  • The model range is unusually wide (¥0.3400 to ¥1.25). 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)

¥3.05 ¥1.26 Fair Value ¥0.3400 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥1.26 – ¥3.05 · fair‑value band ¥0.3400 – ¥1.25 · the ¥1.68 price screens above the ¥0.3400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Beijing North Star Company (601588) currently trades at ¥1.68, while our model-based Fair Value estimate is ¥0.3400, implying the stock looks roughly 79.8% 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, Beijing North Star Company generated revenue of 6.1B CNY at a net margin of -46.3%. Revenue grew 7.3% year over year. It earns a return on equity of -30.0%. Net debt stands at 8.6B CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥0.3400 (bear case) to ¥1.25 (bull case); at ¥1.68, 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 28% below its 52-week high and 2% 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 -80%, 601588 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
Growth DCF ¥0.8300 ¥2.23 ¥4.11 80
Rev-Margin DCF ¥0.0100 74
Gordon GGM ¥2.56 ¥5.10 ¥7.72 70
All 9 models by family
DCF Models
FCF DCF ¥0.7600 ¥2.32 ¥4.54 38
5Y EBITDA Exit ¥0.3300 ¥1.23 41
10Y Revenue Exit ¥0.1300 ¥0.7000 36
10Y EBITDA Exit ¥0.7500 ¥1.70 37
Dividend Discount
Gordon GGM ¥2.56 ¥5.10 ¥7.72 70
DDM Multi-Stage ¥2.56 ¥3.95 ¥5.36 61
Asset-Based
NCAV (Graham) ¥1.00 ¥1.33 ¥1.99 50
Growth DCF
Growth DCF ¥0.8300 ¥2.23 ¥4.11 80
Rev-Margin DCF ¥0.0100 74

Widest divergence: Dividend Discount (¥3.95) versus DCF Models (¥0.3300). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.1B CNY
Revenue growth (YoY) +7.3%
Net margin -46.3%
Return on equity -30.0%
Free cash flow 1.1B CNY FY2025
Operating margin 6.5%
More key figures
EPS (TTM) ¥-0.8400
Net debt 8.6B CNY FY2025

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 35

Profitability 2
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 18
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

Beijing North Star Company Limited engages in real estate development, property leasing, and hotel and property management in the People's Republic of China. It operates through the Real Estate Development; Convention and Exhibition and Commercial Properties; and Other segments.

Full company description

Beijing North Star Company Limited engages in real estate development, property leasing, and hotel and property management in the People's Republic of China. It operates through the Real Estate Development; Convention and Exhibition and Commercial Properties; and Other segments. The company is involved in the development and sale of residential properties; trading activities; multimedia information network development, system integration, and software development; and operation of rental apartments, office buildings, conference centers, and hotels. It also provides convention and exhibition services; hotel services; commercial and property management services; and hotel and restaurant management consulting services. The company was incorporated in 1997 and is based in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing North Star Company reported revenue of ¥6.1B in FY2025 versus ¥22.1B in FY2021, a compound −27.6%/yr. Reported net income was −¥3.0B in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.1B CNY
Latest YoY
−15.3%
Avg. growth/yr (3Y)
−22.4%
Avg. growth/yr (5Y)
−19.6%
Avg. growth/yr (22Y)
+4.4%
Revenue −27.6%/yr
FY21 ¥22.1B
FY22 ¥13.0B
FY23 ¥15.8B
FY24 ¥7.2B
FY25 ¥6.1B
Net income
FY21 ¥99.2M
FY22 −¥1.7B
FY23 ¥68.1M
FY24 −¥2.8B
FY25 −¥3.0B

601588 screens 80% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Beijing North Star Company Fair Value". https://www.fairvalue-calculator.com/stock/601588

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 49 · Above median
Fair Value upside −80% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -46% · Bottom 25%
Operating margin (TTM) 7% · Below median
Revenue growth 7% · Above median
Debt / equity 2.33× · Higher than 75% of peers

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

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 0.8× · 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 37 · sector 0
PAST 0 · sector 10
HEALTH 0 · sector 84
DIVIDEND 0 · 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 10, 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 Beijing North Star Company (601588) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥0.3400 versus a price of ¥1.68, about −80% (overvalued).
What is the fair value of 601588?
Our model-based fair value for Beijing North Star Company is ¥0.3400 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥1.68.
What is the quality score of 601588?
Beijing North Star Company 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 Beijing North Star Company (601588)?
Beijing North Star Company reported trailing-twelve-month revenue of about 6.1B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 601588?
The net profit margin of Beijing North Star Company is about -46.3%, 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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