Fineland Real Estate Services Group Ltd (9978) Fair Value & Analysis
Real Estate · HK · Market cap HK$90.4M
Fair value as of: Aug 13, 2026
From 8 valuation models · updated 3 days ago
Share price +397.8% over the past month.
A solid business, but screening 61% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$0.5200). The favourable scenario is already priced in.
- Solid but not exceptional quality (56/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.0450 – HK$1.36 · fair‑value band HK$0.3800 – HK$0.5200 · the HK$1.15 price screens above the HK$0.4500 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Fineland Real Estate Services Group Ltd (9978) currently trades at HK$1.15, while our model-based Fair Value estimate is HK$0.4500, implying the stock looks roughly 60.7% overvalued today. The Quality Score stands at 56/100 (solid 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, Fineland Real Estate Services Group Ltd generated revenue of HK$351M at a net margin of -15.0%. Revenue declined 0.4% year over year. The balance sheet holds a net cash position of HK$69.9M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.3800 (bear case) to HK$0.5200 (bull case); at HK$1.15, 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. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -61%, 9978 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.
All 8 models by family
Widest divergence: Multiples (HK$0.4200) versus Dividend Discount (HK$0.0800). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 85
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
Fineland Living Services Group Limited, together with its subsidiaries, provides real estate agency, professional property management, and value-added services in the People's Republic of China. It operates through Provision of Comprehensive Real Estate Agency Services; and Provision of Professional Property Management Services segments.
Full company description
Fineland Living Services Group Limited, together with its subsidiaries, provides real estate agency, professional property management, and value-added services in the People's Republic of China. It operates through Provision of Comprehensive Real Estate Agency Services; and Provision of Professional Property Management Services segments. The company offers standard property management services and ancillary services, such as cleaning, gardening, security, repair and maintenance, and butler services for residential and non-residential properties, including public facilities, office buildings, industry parks, schools; cleaning, security, and maintenance services for pre-sale display units and sales offices; and community value-added services comprising common area value-added services, community retail, community media, furnishing services, and other community convenience services to property owners. It also provides real estate consultation, market analysis, marketing, and online property referral services; intelligent community cloud platform; and IT services. The company was formerly known as Fineland Real Estate Services Group Limited and changed its name to Fineland Living Services Group Limited in June 2021. The company was founded in 1996 and is headquartered in Guangzhou, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fineland Real Estate Services Group Ltd reported revenue of HK$342M in FY2025 versus HK$571M in FY2021, a compound −12.1%/yr. Reported net income was −HK$51.1M in FY2025.
9978 screens 61% overvalued. Compare with Plaza S.A →
Peer Group
Real Estate Services · 529 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 Real Estate Services 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.
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Plaza S.A MALLPLAZA | 3,989 CLP | 4,571 CLP | +15% |
| PT Solusi Tunas Pratama Tbk SUPR | 43,850 IDR | 15,049 IDR | -66% |
| Cencosud Shopping S.A CENCOMALLS | 2,412 CLP | 2,976 CLP | +23% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 392.00 IDR | 1,012 IDR | +158% |
| PT Metropolitan Kentjana Tbk MKPI | 22,000 IDR | 19,160 IDR | -13% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,610 IDR | 3,464 IDR | -4% |
| IRSA Inversiones y Representaciones Sociedad Anónima, IRSA | 2,495 ARS | 2,990 ARS | +20% |
| PT Plaza Indonesia Realty Tbk PLIN | 2,510 IDR | 2,698 IDR | +7% |
| PT MNC Tourism Indonesia Tbk, KPIG | 74.00 IDR | 122.12 IDR | +65% |
| PT Indonesian Paradise Property Tbk INPP | 770.00 IDR | 291.52 IDR | -62% |
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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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