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Huangshan Tourism Development Co (900942) Fair Value & Analysis

Consumer Cyclical · CN · Market cap $493M

HT Huangshan Tourism Development Co 900942 · SHG
Price$0.6800
Fair Value$0.5250
Upside-22.8%
Quality57/100
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Expensive Growth
Solidly profitable · 13.7% net margin
Low debt · generates free cash flow
20.83% dividend yield
Ranks above peers (10/12)
Moderate moat 48/100
Evidence: High Range $0.3595 – $0.6565 Share as image

Fair value as of: Jul 24, 2026

From 23 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from $0.5407 to $0.5250 (−2.9%) since Jun 25, 2026. Share price +0.3% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($0.6565). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($0.3595 to $0.6565) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$0.8440 $0.6710 Fair Value $0.5250 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $0.6710 – $0.8440 · fair‑value band $0.3595 – $0.6565 · the $0.6800 price screens above the $0.5250 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Huangshan Tourism Development Co (900942) currently trades at $0.6800, while our model-based Fair Value estimate is $0.5250, implying the stock looks roughly 22.8% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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, Huangshan Tourism Development Co generated revenue of $2.1B at a net margin of 13.7%. Revenue grew 3.5% year over year. It earns a return on equity of 6.3%. The stock trades on a trailing P/E of 11.3. Fundamentals as of Jul 24, 2026

Our scenario range runs from $0.3595 (bear case) to $0.6565 (bull case); at $0.6800, 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 9% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -23%, 900942 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
Growth DCF $4.26 $5.19 $6.45 80
Residual Income $4.87 $4.91 $4.65 76
Rev-Margin DCF $4.52 $5.95 $7.68 74
All 23 models by family
DCF Models
FCF DCF $4.26 $5.27 $6.69 38
5Y Revenue Exit $4.52 $5.97 $7.86 39
5Y EBITDA Exit $7.86 $12.45 $18.03 41
5Y P/E Exit $6.72 $10.23 $14.08 38
10Y Revenue Exit $4.33 $5.56 $7.31 36
10Y EBITDA Exit $6.37 $9.76 $14.66 37
10Y P/E Exit $5.69 $8.33 $11.81 35
Earnings-Based
Graham-Dodd $2.73 $10.13 $13.69 54
Lynch FV $2.43 $3.48 $4.52 50
PEG = 1.0 $2.43 $3.48 $4.52 46
EPV $7.28 $7.95 $8.50 59
Multiples
P/E Multiple $6.62 $8.82 $11.03 63
P/S Multiple $2.60 $3.47 $4.34 58
P/B Multiple $5.11 $6.82 $8.52 55
EV/EBIT $11.58 $14.65 $17.72 53
EV/EBITDA $11.06 $13.96 $16.86 54
EV/Revenue $4.79 $5.83 $6.87 43
Asset-Based
NCAV (Graham) $3.28 $4.39 $6.55 50
Growth DCF
Growth DCF $4.26 $5.19 $6.45 80
Rev-Margin DCF $4.52 $5.95 $7.68 74
Economic Profit
Residual Income $4.87 $4.91 $4.65 76
ROIC Compounder $7.47 $8.68 $10.15 72
Growth Earnings
Growth-Adj P/E $4.65 $6.64 $8.64 68

Widest divergence: DCF Models ($8.33) versus Earnings-Based ($3.48). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $2.1B
Revenue growth (YoY) +3.5%
Net margin 13.7%
Return on equity 6.3%
Free cash flow $141M FY2025
P/E ratio 11.3
More key figures
Operating margin 16.5%
EPS (TTM) $0.0600
EPS growth (YoY) -6.1%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 50

Profitability 36
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

Huangshan Tourism Development Co.,Ltd. engages in the tourism business in China. The company is involved in the environmental sanitation and cleaning of Scenic Areas, tickets management, scenic area development and management, scenic area sewage treatment and management.

Full company description

Huangshan Tourism Development Co.,Ltd. engages in the tourism business in China. The company is involved in the environmental sanitation and cleaning of Scenic Areas, tickets management, scenic area development and management, scenic area sewage treatment and management. It also provides cableway; operates hotels and travel agency businesses; and engages in Huizhou cuisine catering, as well as smart tourism, small town projects, new retailing and supply chains. The company was founded in 1996 and is based in Huangshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Huangshan Tourism Development Co reported revenue of $2.1B in FY2025 versus $895M in FY2021, a compound +23.9%/yr. Reported net income was $292M in FY2025, compounding +61.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$2.1B
Latest YoY
+9.2%
Avg. growth/yr (3Y)
+38.2%
Avg. growth/yr (5Y)
+23.3%
Avg. growth/yr (10Y)
+2.4%
Revenue +23.9%/yr
FY21 $895M
FY22 $800M
FY23 $1.9B
FY24 $1.9B
FY25 $2.1B
Net income +61.1%/yr
FY21 $43.5M
FY22 −$132M
FY23 $423M
FY24 $315M
FY25 $292M

900942 screens 23% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "Huangshan Tourism Development Co Fair Value". https://www.fairvalue-calculator.com/stock/900942

Peer Group

Lodging · 170 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 57 · Above median
Fair Value upside −22% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 14% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 20.8% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than 75% of peers
P/FCF 3.5× · Pricier than median
PEG 0.59× · Cheaper 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 4 · sector 1
FUTURE 18 · sector 18
PAST 25 · sector 11
HEALTH 100 · sector 91
DIVIDEND 100 · sector 23

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Huangshan Tourism Development Co (900942) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $0.5250 versus a price of $0.6800, about −23% (overvalued).
What is the fair value of 900942?
Our model-based fair value for Huangshan Tourism Development Co is $0.5250 (as of Jul 24, 2026), built from audited fundamentals. The current price is $0.6800.
What is the quality score of 900942?
Huangshan Tourism Development Co has a Quality Score of 57/100. 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 Huangshan Tourism Development Co (900942)?
Huangshan Tourism Development Co reported trailing-twelve-month revenue of about $2.1B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 900942?
The net profit margin of Huangshan Tourism Development Co is about 13.7%, meaning it keeps roughly 13.7% 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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