Central China Management Company (9982) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Central China Management Company HK$0.18, price HK$0.08, upside +123.1%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
23‑month range HK$0.0560 – HK$0.1690 · fair‑value band HK$0.1738 – HK$0.1919 · the HK$0.0820 price screens below the HK$0.1829 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Central China Management Company Limited, an investment holding company, provides project management services in the People's Republic of China. It operates through four segments: commercial project management, government project management, capital project management and management consulting segment.
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Central China Management Company Limited, an investment holding company, provides project management services in the People's Republic of China. It operates through four segments: commercial project management, government project management, capital project management and management consulting segment. The company was incorporated in 2020 and is based in Zhengzhou, the People's Republic of China.
Stock analysis
Central China Management Company (9982) currently trades at HK$0.0820, while our model-based Fair Value estimate is HK$0.1829, implying the stock looks roughly 55.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of HK$0.9700 per share, and 16 of the 16 models we run sit above the HK$0.0820 price.
Bear case: the Dividend Discount group reads lowest at HK$0.2200, and 0 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.1738 (bear) to HK$0.1919 (bull), the price of HK$0.0820 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 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Central China Management Company reported revenue of 188M CNY in FY2025 versus 1.3B CNY in FY2021, a compound −38.4%/yr. Reported net income was 46.4M CNY in FY2025, compounding −50.5%/yr from FY2021.
Key figures
Market cap HK$317M (≈ $40.4M) · P/E ratio 9.8 · P/S ratio 2.42 · Net margin 24.7% · Return on equity −0.4% · Return on assets (EBIT) 12.9% · Operating margin −57.0% · Revenue (TTM) 110M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 123%, 9982 screens cheaper than that median.
Fair Value models
Bear HK$0.1738Fair Value HK$0.1829Bull HK$0.1919
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−25.5%
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.
−32.3%
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.
−30.4%
Start year 2020 (pandemic)
Revenue growth 8 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.
−6.1%
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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.
−43.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−43.4%
Dividend (yield on the price)0.0%
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.80% → 25%
⚠ Revenue per share shrinking 26.7%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Central China Management Company with another stock
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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 Services · 520 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+123.0% · Top 25%
Profitability
Return on assets−0.5% · Bottom 25%
Net margin (TTM)−14.4% · Bottom 25%
Operating margin (TTM)−57.0% · Bottom 25%
Growth and dividend
Revenue growth−55.8% · Bottom 25%
Dividend yield (TTM)24.5% · Top 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Central China Management Company Fair Value". https://www.fairvalue-calculator.com/stock/9982
Frequently asked questions
Is Central China Management Company (9982) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of HK$0.1829 versus a price of HK$0.0820, about +123% upside (undervalued).
What is the fair value of 9982?
Our model-based fair value for Central China Management Company is HK$0.1829 (as of Oct 2, 2026), built from audited fundamentals. The current price: HK$0.0820.
What is the quality score of 9982?
Central China Management Company has a Quality Score of 55/100. 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 Central China Management Company (9982)?
Our model-based price target is the fair value of HK$0.1829 (as of Oct 2, 2026) from 16 valuation models. Cautious scenario HK$0.1738, optimistic scenario HK$0.1919. It is a calculation from audited fundamentals, not an analyst target.
What is the Central China Management Company stock forecast for 2026?
Our models put fair value at HK$0.1829, about +123% upside versus a price of HK$0.0820 (undervalued). Cautious scenario HK$0.1738, optimistic scenario HK$0.1919. The calculation is refreshed regularly with new filings.
What is the revenue of Central China Management Company (9982)?
Central China Management Company reported trailing-twelve-month revenue of about 110M CNY (latest available figure, as of Oct 2, 2026).
What growth is priced into Central China Management Company (9982)?
For today's price to be fair in a discounted-cash-flow model, Central China Management Company would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -30.4 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 9982 use?
Our models discount Central China Management Company at 9.6 %: a base by market capitalisation (nano), damped by beta 0.73, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Central China Management Company that is less than minus 40 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Central China Management Company (9982) delivered so far?
Over the past 5 years revenue at Central China Management Company grew -30.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Central China Management Company (9982) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Central China Management Company (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Central China Management Company (9982)?
The free-cash-flow yield on the price is 11.92 %: that much free cash flow Central China Management Company produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Central China Management Company (9982)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Central China Management Company it is HK$0.1829 per share (as of Oct 2, 2026), against a price of HK$0.0820. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Central China Management Company stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 9982 trades below its calculated fair value: price HK$0.0820, fair value HK$0.1829, a gap of about +123% (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 9982?
No. The price is what the market pays today (HK$0.0820); the fair value is what the company's own numbers justify (HK$0.1829). For Central China Management Company the two are HK$0.1009 per share apart. That gap is exactly why we show both numbers side by side.
How much is Central China Management Company worth?
The market values Central China Management Company at about HK$317M (market capitalisation, as of Oct 2, 2026). Per share that is HK$0.0820; our models calculate a fair value of HK$0.1829 per share.
What do the bullish and bearish scenarios say about 9982?
Our models span a range for Central China Management Company: cautious scenario HK$0.1738, base HK$0.1829, optimistic HK$0.1919 per share (as of Oct 2, 2026, price HK$0.0820). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9982?
Central China Management Company trades at a price-to-earnings ratio of 9.8 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.1829 is built from several models across several years. Other multiples: PEG 0.6, P/S 0.4.
What is the PEG ratio of 9982?
The PEG ratio of Central China Management Company is 0.57 (P/E divided by earnings growth, as of Oct 2, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Central China Management Company (9982)?
Balance-sheet figures for Central China Management Company (as of Oct 2, 2026): return on equity −0.4%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 9982 from its 52-week high?
Central China Management Company trades at HK$0.0820, about 51% below its 52-week high of HK$0.1690 and 46% above the low of HK$0.0560 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1829 is for.
Which stocks are comparable to Central China Management Company?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties 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 Central China Management Company stock attractive at the current price?
The data as of Oct 2, 2026: price HK$0.0820, calculated fair value HK$0.1829 (+123%), Quality Score 55/100, from 16 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 9982 calculated?
We run Central China Management Company through 16 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 HK$0.1829, 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 14.5 % above its aggregate fair value. Central China Management Company currently trades 55 % 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 Central China Management Company (9982)?
The closing price on Oct 2, 2026 was HK$0.0820. Our model-based fair value is HK$0.1829, about +123% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Central China Management Company right now?
The price is below even our cautious bear case (HK$0.1738). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (HK$0.1738 to HK$0.1919), unusually little disagreement for a valuation.
Key figures of Central China Management Company
How large is the market capitalisation of Central China Management Company (9982)?
The market capitalisation of Central China Management Company is HK$317M (≈ $40.4M). 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 Central China Management Company (9982)?
The price-to-sales ratio of Central China Management Company is 2.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Central China Management Company (9982)?
The net margin of Central China Management Company is 24.7% (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 Central China Management Company (9982)?
The return on equity (ROE) of Central China Management Company is −0.4% (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 Central China Management Company (9982)?
On an EBIT basis the return on assets of Central China Management Company is 12.9% (avg 5y). 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 Central China Management Company (9982)?
The operating margin of Central China Management Company is −57.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Central China Management Company (9982)?
Revenue at Central China Management Company is growing −55.8% versus a year earlier (3y avg −32.3%). 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 Central China Management Company (9982)?
Earnings per share at Central China Management Company are growing −42.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Central China Management Company (9982) hold?
Central China Management Company holds more cash than debt, 2.6B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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