C&D Holsin Engineering Consulting Co (603909) Fair Value & Analysis
Industrials · CN · Market cap 2.5B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from ¥13.32 to ¥8.80 (−33.9%) since Jun 24, 2026. Share price +7.5% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from ¥6.60 (bear) to ¥11.00 (bull), base ¥8.80. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range ¥6.75 – ¥14.90 · fair‑value band ¥6.60 – ¥11.00 · the ¥9.41 price screens above the ¥8.80 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
C&D Holsin Engineering Consulting Co (603909) currently trades at ¥9.41, while our model-based Fair Value estimate is ¥8.80, implying the stock looks roughly 6.5% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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: high).
Over the trailing twelve months, C&D Holsin Engineering Consulting Co generated revenue of 7.9B CNY at a net margin of 1.5%. Revenue grew 16.4% year over year. It earns a return on equity of 10.8%. The balance sheet holds a net cash position of 1.4B CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥6.60 (bear case) to ¥11.00 (bull case); at ¥9.41, 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 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -6%, 603909 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.
All 26 models by family
Widest divergence: DCF Models (¥27.99) versus Dividend Discount (¥1.81). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · 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
C&D Holsin Engineering Consulting Co., Ltd offers engineering and technical services in China. The company engages in surveying and design, engineering management, testing and inspection, building construction, comprehensive maintenance and construction services, as well as engineering materials.
Full company description
C&D Holsin Engineering Consulting Co., Ltd offers engineering and technical services in China. The company engages in surveying and design, engineering management, testing and inspection, building construction, comprehensive maintenance and construction services, as well as engineering materials. It offers project life cycle management consulting and technical services. The company serves transportation, municipal administration, and building construction, etc. The company was formerly known as Holsin Engineering Consulting Group Co.,Ltd. and changed its name to C&D Holsin Engineering Consulting Co., Ltd. in October 2022. The company was founded in 1995 and is based in Xiamen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
C&D Holsin Engineering Consulting Co reported revenue of ¥7.6B in FY2025 versus ¥841M in FY2021, a compound +73.5%/yr. Reported net income was ¥109M in FY2025, compounding +28.2%/yr from FY2021.
of which total revenue +41.4 pp · buybacks/dilution −4.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Engineering & Construction · 839 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 Engineering & Construction 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.
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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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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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