China Resources Land Ltd (1109) Fair Value & Analysis
Real Estate · HK · Market cap HK$214B (≈ $27.3B) · ISIN KYG2108Y1052
What is China Resources Land Ltd really worth?
A solid business, trading 58% below our fair value of HK$72.16.
Strengths
Risks
For context
Fair value as of: Aug 21, 2026
From 14 valuation models · updated 15 days ago
Fair value updated Aug 21, 2026, revised from HK$71.90 to HK$72.16 (+0.4%) since Aug 13, 2026. Share price −7.8% 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 (HK$52.98). The market is more pessimistic than our downside scenario.
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (HK$52.98 to HK$100.99) leaves room in how you read the outcome.
- 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 21, 2026.
How to read this chart
60‑month range HK$17.59 – HK$37.26 · fair‑value band HK$52.98 – HK$100.99 · the HK$30.50 price screens below the HK$72.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
China Resources Land Ltd (1109) currently trades at HK$30.50, while our model-based Fair Value estimate is HK$72.16, implying the stock looks roughly 57.7% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of HK$137.04 per share, and 13 of the 14 models we run sit above the HK$30.50 price. Bear case: the Asset-Based group reads lowest at HK$27.21, and 1 of the 14 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Resources Land Ltd generated revenue of HK$281B at a net margin of 9.0%. Revenue declined 6.6% year over year. It earns a return on equity of 8.0%. Net debt stands at HK$171B. Fundamentals as of Aug 21, 2026
Our scenario range runs from HK$52.98 (bear case) to HK$100.99 (bull case); at HK$30.50, 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 21% below its 52-week high and 18% 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 137%, 1109 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 HK$0.1556 per share, which is 0.2 % 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.
All 14 models by family
Widest divergence: DCF Models (HK$137.04) versus Asset-Based (HK$27.21). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 48
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
China Resources Land Limited, an investment holding company, engages in the investment, development, management, and sale of properties in the People's Republic of China. The company operates through three segments: Development Property Business, Investment Property Business, and Asset-light Management Business.
Full company description
China Resources Land Limited, an investment holding company, engages in the investment, development, management, and sale of properties in the People's Republic of China. The company operates through three segments: Development Property Business, Investment Property Business, and Asset-light Management Business. It engages in development and sale of residential properties, offices, and commercial premises; and leases investment properties comprising self-developed and under sublease, such as shopping malls, offices, hotels, apartments, and industrial park. In addition, the company is involved in commercial operations and property management; and sports and cultural operations, rental housing business, and urban construction management and consultation services. The company was formerly known as China Resources (Beijing) Land Co., Ltd. and changed its name to China Resources Land Limited in 2001. China Resources Land Limited was founded in 1994 and is headquartered in Wan Chai, Hong Kong. China Resources Land Limited operates as a subsidiary of CRH (Land) Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Resources Land Ltd reported revenue of 281B CNY in FY2025 versus 257B CNY in FY2021, a compound +2.3%/yr. Reported net income was 25.4B CNY in FY2025, compounding −10.5%/yr from FY2021.
of which total revenue +11.4 % · buybacks/dilution −0.6 %
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).
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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.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Sun Hung Kai Properties Limited 80016 | HK$109.70 | HK$88.93 | −19% |
| 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% |
| CTP N.V CTPNV | €14.36 | €13.00 | −9% |
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