EN DE

Hangzhou Binjiang Real Estate Group Co Ltd (002244) Fair Value & Analysis

Real Estate · CN · Market cap 27.2B CNY (≈ $4.1B) · ISIN CNE100000BS5

What is Hangzhou Binjiang Real Estate Group Co Ltd really worth?

HB Hangzhou Binjiang Real Estate Group Co Ltd 002244 · SHE
Price¥8.73
Fair Value¥23.48
Upside+169.0%
Quality46/100

Below-average quality, trading 63% below our fair value of ¥23.48.

Watch Hangzhou Binjiang Real Estate Group Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Risks

!Expensive Growth (revenue 5y +23.7 %/yr)
!Thin margins · 2.7% net margin
!Moderate debt · negative free cash flow
!Mixed vs. peers (7/14)
!Narrow moat 26/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 26 out of 100
!Weak on dividend: 16 out of 100

For context

·0.78% dividend yield
Evidence: Medium Range ¥16.99 – ¥29.97

Fair value as of: Aug 20, 2026

From 9 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from ¥23.83 to ¥23.48 (−1.5%) since Aug 13, 2026. Share price +2.5% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (¥16.99). 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.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

¥12.55 ¥3.58 Fair Value ¥23.48 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ¥3.58 – ¥12.55 · fair‑value band ¥16.99 – ¥29.97 · the ¥8.73 price screens below the ¥23.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Hangzhou Binjiang Real Estate Group Co Ltd (002244) currently trades at ¥8.73, while our model-based Fair Value estimate is ¥23.48, implying the stock looks roughly 62.8% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of ¥37.20 per share, and 5 of the 9 models we run sit above the ¥8.73 price. Bear case: the Asset-Based group reads lowest at ¥6.35, and 4 of the 9 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Hangzhou Binjiang Real Estate Group Co Ltd generated revenue of 72.9B CNY at a net margin of 2.7%. Revenue declined 44.5% year over year. It earns a return on equity of 6.6%. The balance sheet holds a net cash position of 9.5B CNY. Fundamentals as of Aug 20, 2026

Our scenario range runs from ¥16.99 (bear case) to ¥29.97 (bull case); at ¥8.73, the current price sits below 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 32% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at 169%, 002244 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.3819 per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Highest evidence
Residual Income best evidence ¥7.77 ¥8.23 ¥8.88 76
EV/EBITDA ¥39.44 ¥52.09 ¥64.75 67
Gordon GGM ¥3.86 ¥8.02 ¥12.72 66
All 9 models by family
Dividend Discount
Gordon GGM ¥3.86 ¥8.02 ¥12.72 66
DDM Multi-Stage ¥3.86 ¥6.76 ¥8.41 66
Multiples
P/S Multiple ¥8.67 ¥11.56 ¥14.45 58
P/B Multiple ¥8.67 ¥11.56 ¥14.45 55
EV/EBIT ¥46.82 ¥61.93 ¥77.05 66
EV/EBITDA ¥39.44 ¥52.09 ¥64.75 67
EV/Revenue ¥26.48 ¥37.20 ¥47.92 54
Asset-Based
NCAV (Graham) ¥4.74 ¥6.35 ¥9.47 54
Economic Profit
Residual Income best evidence ¥7.77 ¥8.23 ¥8.88 76

Widest divergence: Multiples (¥37.20) versus Asset-Based (¥6.35). Highest evidence: Residual Income (76).

Notify me when 002244 reaches fair value

Put 002244 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 13.9
P/S ratio 0.35 P/E × margin
EPS (TTM) ¥0.6300 price ÷ EPS = P/E 13.9
Dividend yield 0.8% payout 10.8%
Net margin 2.6% FY2025
Return on equity 6.6% TTM
More key figures
Profitability
Return on assets (EBIT) 2.7% avg 5y
Operating margin 7.4% TTM
Growth
Revenue (TTM) 72.9B CNY TTM
Revenue growth (YoY) −44.5% 3y avg +25.9%
EPS growth (YoY) −16.1%
Balance sheet & cash flow
Free cash flow −4.3B CNY FY2025
Net cash 9.5B CNY FY2024

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 29

Profitability 22
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Hangzhou Binjiang Real Estate Group Co.,Ltd engages in the real estate development and related businesses in China. It involved in the leasing of office buildings, commercial podiums, community retail spaces, and apartments. The company was founded in 2006 and is based in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hangzhou Binjiang Real Estate Group Co Ltd reported revenue of 82.9B CNY in FY2025 versus 38.0B CNY in FY2021, a compound +21.5%/yr. Reported net income was 2.1B CNY in FY2025, compounding −8.6%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
82.9B CNY
Latest YoY
+19.9%
Avg. revenue growth/yr (3Y) 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.
+25.9%
Avg. revenue growth/yr (5Y) 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.
+23.7%
Avg. revenue growth/yr (20Y) 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.
+25.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−1.1% (−1.9 + 0.8)
Revenue +21.5%/yr
FY21 38.0B CNY
FY22 41.5B CNY
FY23 70.4B CNY
FY24 69.2B CNY
FY25 82.9B CNY
Net income −8.6%/yr
FY21 3.0B CNY
FY22 3.7B CNY
FY23 2.5B CNY
FY24 2.5B CNY
FY25 2.1B CNY
Character of growth · EPS growth decomposed (2013-2024) +10.0 % p.a.
Revenue per share +18.2 %

of which total revenue +20.1 % · buybacks/dilution −1.6 %

EBIT margin −5.5 %
Tax rate −1.5 %
Residual (interest, one-offs) −0.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

Watch 002244: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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). "Hangzhou Binjiang Real Estate Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002244

Peer Group

Real Estate - Development · 567 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 48 · Above median
Fair Value upside +169% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 1% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth −45% · Bottom 25%
Dividend yield (TTM) 0.8% · Bottom 25%
Debt / equity 0.88× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 13.9× · Pricier than median
P/B 0.92× · Pricier than median
P/S (TTM) 0.37× · Cheaper than median
EV/EBITDA 4.1× · Cheaper than 75% of peers
PEG 0.27× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 45
FUTURE0 · sector 0
PAST26 · sector 11
HEALTH56 · sector 85
DIVIDEND16 · sector 53

Insider activity: 45/100

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 (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.76 HK$22.92 +67%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

Compare Hangzhou Binjiang Real Estate Group Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Hangzhou Binjiang Real Estate Group Co Ltd (002244) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ¥23.48 versus a price of ¥8.73, about +169% upside (undervalued).
What is the fair value of 002244?
Our model-based fair value for Hangzhou Binjiang Real Estate Group Co Ltd is ¥23.48 (as of Aug 20, 2026), built from audited fundamentals. The current price: ¥8.73.
What is the quality score of 002244?
Hangzhou Binjiang Real Estate Group Co Ltd 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 revenue of Hangzhou Binjiang Real Estate Group Co Ltd (002244)?
Hangzhou Binjiang Real Estate Group Co Ltd reported trailing-twelve-month revenue of about 72.9B CNY (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 002244?
The net profit margin of Hangzhou Binjiang Real Estate Group Co Ltd is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does Hangzhou Binjiang Real Estate Group Co Ltd pay a dividend?
Hangzhou Binjiang Real Estate Group Co Ltd currently shows a dividend yield of about 0.78% relative to its recent price (as of Aug 20, 2026).
Free · no account needed

Watch Hangzhou Binjiang Real Estate Group Co Ltd in the live analysis

One click puts Hangzhou Binjiang Real Estate Group Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.