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Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Shanghai Jinqiao Export Processing Zone Development Co Ltd B $0.84, price $0.69, upside +21.7%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Real Estate · CN · ISIN CNE000000941

SJ Thin data Sep 23, 2026

Shanghai Jinqiao Export Processing Zone Development Co Ltd B

900911 · SHG

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value $0.8372 · Undervalued (+22%)
!Quality 46/100
!Expensive Growth (revenue 5y +10.1 %/yr)
✓Solidly profitable · 17.3% net margin (TTM)
!Moderate debt · negative free cash flow
✓Ranks above peers (9/13)
!Narrow moat 43/100
!Evidence only low, so the estimate is less certain
!Weak on past: 21 out of 100
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$1.01 $0.6770 Fair Value $0.8372 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.6770 – $1.01 · fair‑value band $0.8033 – $1.02 · the $0.6880 price screens below the $0.8372 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Shanghai Jinqiao Export Processing Zone Development Co.,Ltd engages in the development and construction, investment promotion, industrial development, and carrier operation management in China. Its property portfolio comprises industrial parks, serviced apartments, residential buildings, and office buildings.

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Shanghai Jinqiao Export Processing Zone Development Co.,Ltd engages in the development and construction, investment promotion, industrial development, and carrier operation management in China. Its property portfolio comprises industrial parks, serviced apartments, residential buildings, and office buildings. Shanghai Jinqiao Export Processing Zone Development Co.,Ltd was founded in 1992 and is headquartered in Shanghai, China.

Stock analysis

Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911) currently trades at $0.6880, while our model-based Fair Value estimate is $0.8372, implying the stock looks roughly 17.8% undervalued today.

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Valuation

How firm this estimate is: it rests on 15 models at a data quality of 82/100, which puts the evidence level at low.

Scenario range: $0.8033 (bear) to $1.02 (bull), the price of $0.6880 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 46/100 (below-average quality), in the Real Estate sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Shanghai Jinqiao Export Processing Zone Development Co Ltd B reported revenue of 5.8B CNY in FY2025 versus 4.6B CNY in FY2021, a compound +5.9%/yr. Reported net income was 1.0B CNY in FY2025, compounding −10.4%/yr from FY2021.

Key figures

Market cap $766M · P/E ratio 5.4 · P/S ratio 0.97 · EPS (TTM) $0.1400 · Net margin 18.0% · Return on equity 5.3% · Return on assets (EBIT) 5.3% · Operating margin 27.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 12% 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 −16% fair-value upside, at 22%, 900911 screens cheaper than that median.

Fair Value models

Bear $0.8033 Fair Value $0.8372 Bull $1.02
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income $9.99 $10.30 $10.34 71
EV/EBITDA $14.50 $21.80 $29.11 66
EV/EBIT $12.78 $19.50 $26.23 65
All 7 models by family
Multiples
P/S Multiple $11.96 $15.95 $19.94 58
P/B Multiple $11.96 $15.95 $19.94 55
EV/EBIT $12.78 $19.50 $26.23 65
EV/EBITDA $14.50 $21.80 $29.11 66
EV/Revenue $3.72 $8.49 $13.26 51
Asset-Based
NCAV (Graham) $6.53 $8.74 $13.05 54
Economic Profit
Residual Income $9.99 $10.30 $10.34 71

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Quality Score breakdown

Overall quality 46/100

Of which business quality 42 · Market factors (momentum, volatility) 47

Profitability 33
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 87
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+112.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
Start year 2020 (pandemic). Over 10 years: +14.5% a year
Revenue growth 33 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.0%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1% vs 7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.41% → 24%
Start year 2020 (pandemic)

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Peer Groupⓘ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.Real Estate - Development · 579 stocks

Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside +22% · Above median
Profitability
Return on equity (TTM) 5% · Above median
Return on assets 2% · Above median
Net margin (TTM) 17% · Above median
Operating margin (TTM) 27% · Top 25%
Growth and dividend
Revenue growth 16% · Above median
Dividend yield (TTM) 53.2% · Top 25%
Balance sheet
Debt / equity 0.90× · Highest 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 5.4× · Cheapest 25%
P/B 0.35× · Cheaper than median
P/S (TTM) 0.85× · Pricier than median
EV/EBITDA 6.3× · Cheaper than median
PEG 1.11× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)62 · sector 48
FUTURE (revenue growth)79 · sector 0
PAST (return on equity)21 · sector 12
HEALTH (low debt)55 · sector 83
DIVIDEND (yield)0 · sector 57

Context: sector, industry, market

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$107.10 HK$155.14 +45%
CK Asset Holdings 1113 HK$46.00 HK$71.49 +55%
Hongkong Land Holdings H78 $8.74 $1.52 −83%
DLF Limited DLF ₹683.00 ₹167.21 −76%
China Overseas Land & Investment Limited 0688 HK$12.42 HK$22.33 +80%
Lodha Developers Limited LODHA ₹1,165 ₹274.14 −76%
Poly Developments and Holdings 600048 ¥5.56 ¥5.87 +6%
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.18 ¥6.04 −16%
The Wharf (Holdings) Limited 0004 HK$19.39 HK$8.31 −57%
Oberoi Realty Limited OBEROIRLTY ₹1,850 ₹548.00 −70%

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Cite: Fair Value Calculator (2026). "Shanghai Jinqiao Export Processing Zone Development Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900911

Frequently asked questions

Is Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.8372 versus a price of $0.6880, about +22% upside (undervalued).
What is the fair value of 900911?
Our model-based fair value for Shanghai Jinqiao Export Processing Zone Development Co Ltd B is $0.8372 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.6880.
What is the quality score of 900911?
Shanghai Jinqiao Export Processing Zone Development Co Ltd B has a Quality Score of 46/100. 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 price target for Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Our model-based price target is the fair value of $0.8372 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario $0.8033, optimistic scenario $1.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Jinqiao Export Processing Zone Development Co Ltd B stock forecast for 2026?
Our models put fair value at $0.8372, about +22% upside versus a price of $0.6880 (undervalued). Cautious scenario $0.8033, optimistic scenario $1.02. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Shanghai Jinqiao Export Processing Zone Development Co Ltd B reported trailing-twelve-month revenue of about 6.0B CNY (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Jinqiao Export Processing Zone Development Co Ltd B it is $0.8372 per share (as of Sep 23, 2026), against a price of $0.6880. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Shanghai Jinqiao Export Processing Zone Development Co Ltd B stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 900911 trades below its calculated fair value: price $0.6880, fair value $0.8372, a gap of about +22% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 900911?
No. The price is what the market pays today ($0.6880); the fair value is what the company's own numbers justify ($0.8372). For Shanghai Jinqiao Export Processing Zone Development Co Ltd B the two are $0.1492 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Jinqiao Export Processing Zone Development Co Ltd B worth?
The market values Shanghai Jinqiao Export Processing Zone Development Co Ltd B at about $766M (market capitalisation, as of Sep 23, 2026). Per share that is $0.6880; our models calculate a fair value of $0.8372 per share.
What do the bullish and bearish scenarios say about 900911?
Our models span a range for Shanghai Jinqiao Export Processing Zone Development Co Ltd B: cautious scenario $0.8033, base $0.8372, optimistic $1.02 per share (as of Sep 23, 2026, price $0.6880). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 900911?
Shanghai Jinqiao Export Processing Zone Development Co Ltd B trades at a price-to-earnings ratio of 5.4 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.8372 is built from several models across several years. Other multiples: PEG 1.1, P/B 0.4, P/S 0.9, EV/EBITDA 6.3.
What is the PEG ratio of 900911?
The PEG ratio of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 1.11 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Balance-sheet figures for Shanghai Jinqiao Export Processing Zone Development Co Ltd B (as of Sep 23, 2026): return on equity 5.3%, debt of 0.90 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 900911 from its 52-week high?
Shanghai Jinqiao Export Processing Zone Development Co Ltd B trades at $0.6880, about 12% below its 52-week high of $0.7860 and 2% above the low of $0.6770 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $0.8372 is for.
Which stocks are comparable to Shanghai Jinqiao Export Processing Zone Development Co Ltd B?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shanghai Jinqiao Export Processing Zone Development Co Ltd B stock attractive at the current price?
The data as of Sep 23, 2026: price $0.6880, calculated fair value $0.8372 (+22%), Quality Score 46/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 900911 calculated?
We run Shanghai Jinqiao Export Processing Zone Development Co Ltd B through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.8372, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Shanghai Jinqiao Export Processing Zone Development Co Ltd B currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
The closing price on Sep 24, 2026 was $0.6880. Our model-based fair value is $0.8372, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Jinqiao Export Processing Zone Development Co Ltd B right now?
The price is below even our cautious bear case ($0.8033). The market is more pessimistic than our downside scenario. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911) come from?
Earnings per share at Shanghai Jinqiao Export Processing Zone Development Co Ltd B grew +12.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share +10.8 %, EBIT margin +1.1 %, tax rate +0.1 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Shanghai Jinqiao Export Processing Zone Development Co Ltd B

How large is the market capitalisation of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
The market capitalisation of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is $766M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
The price-to-sales ratio of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 0.97 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Earnings per share at Shanghai Jinqiao Export Processing Zone Development Co Ltd B are $0.1400 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
The net margin of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 18.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
The return on equity (ROE) of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 5.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
On an EBIT basis the return on assets of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 5.3% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
The operating margin of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 27.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Revenue at Shanghai Jinqiao Export Processing Zone Development Co Ltd B is growing +15.8% versus a year earlier (3y avg +4.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911)?
Earnings per share at Shanghai Jinqiao Export Processing Zone Development Co Ltd B are growing −29.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911) generate?
The free cash flow of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is −1.3B CNY (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shanghai Jinqiao Export Processing Zone Development Co Ltd B (900911) carry?
The net debt of Shanghai Jinqiao Export Processing Zone Development Co Ltd B is 12.7B CNY (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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