Hangzhou Binjiang Real Estate Group Co.,Ltd

SZSE:002244 Stock Report

Market Cap: CN¥31.1b

Hangzhou Binjiang Real Estate GroupLtd Valuation

Is 002244 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 002244 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥10.40
Fair Value
3.9% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: 002244 (CN¥9.99) is trading below our estimate of fair value (CN¥10.4)

Significantly Below Fair Value: 002244 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002244?

Key metric: As 002244 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002244. This is calculated by dividing 002244's market cap by their current earnings.
What is 002244's PE Ratio?
PE Ratio18.4x
EarningsCN¥1.69b
Market CapCN¥31.08b

Price to Earnings Ratio vs Peers

How does 002244's PE Ratio compare to its peers?

The above table shows the PE ratio for 002244 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15x
600848 Shanghai Lingang HoldingsLtd
26.1x13.6%CN¥23.6b
600177 Youngor Fashion
11.5xn/aCN¥37.4b
600325 Zhuhai Huafa PropertiesLtd
15.3x21.8%CN¥14.8b
000048 Shenzhen Kingkey Smart Agriculture TimesLtd
7.1x-0.2%CN¥7.8b
002244 Hangzhou Binjiang Real Estate GroupLtd
18.4x23.0%CN¥31.1b

Price-To-Earnings vs Peers: 002244 is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (15x).


Price to Earnings Ratio vs Industry

How does 002244's PE Ratio compare vs other companies in the CN Real Estate Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
000620 Macrolink Culturaltainment Development
4.9xn/aUS$1.47b
002147 Neoglory prosperity
1xn/aUS$100.99m
No more companies available in this PE range
002244 18.4xIndustry Avg. 44.7xNo. of Companies6PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002244 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the CN Real Estate industry average (44.9x).


Price to Earnings Ratio vs Fair Ratio

What is 002244's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

002244 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio25.9x

Price-To-Earnings vs Fair Ratio: 002244 is good value based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 002244 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.99
CN¥10.71
+7.2%
11.2%CN¥12.35CN¥9.00n/a4
Feb ’26CN¥8.60
CN¥10.71
+24.6%
11.2%CN¥12.35CN¥9.00n/a4
Jan ’26CN¥8.61
CN¥11.27
+30.9%
13.0%CN¥12.74CN¥9.00n/a4
Dec ’25CN¥9.47
CN¥11.27
+19.0%
13.0%CN¥12.74CN¥9.00n/a4
Nov ’25CN¥10.38
CN¥11.27
+8.6%
13.0%CN¥12.74CN¥9.00n/a4
Oct ’25CN¥11.34
CN¥10.38
-8.5%
7.7%CN¥11.00CN¥9.00n/a4
Sep ’25CN¥8.42
CN¥9.48
+12.6%
17.7%CN¥11.00CN¥7.10n/a5
Aug ’25CN¥7.78
CN¥8.59
+10.4%
16.3%CN¥11.00CN¥7.10n/a5
Jul ’25CN¥7.99
CN¥8.71
+9.0%
18.5%CN¥11.60CN¥7.10n/a5
Jun ’25CN¥8.29
CN¥8.71
+5.1%
18.5%CN¥11.60CN¥7.10n/a5
May ’25CN¥6.71
CN¥8.15
+21.5%
9.7%CN¥9.30CN¥7.10n/a5
Apr ’25CN¥6.82
CN¥10.78
+58.1%
18.4%CN¥13.00CN¥7.80n/a5
Mar ’25CN¥7.25
CN¥11.14
+53.7%
16.3%CN¥13.00CN¥7.80n/a5
Feb ’25CN¥6.77
CN¥11.32
+67.2%
16.6%CN¥13.00CN¥7.80CN¥8.605
Jan ’25CN¥7.27
CN¥12.90
+77.4%
4.5%CN¥13.80CN¥12.28CN¥8.614
Dec ’24CN¥7.74
CN¥13.32
+72.1%
7.4%CN¥15.00CN¥12.28CN¥9.475
Nov ’24CN¥8.26
CN¥13.32
+61.2%
7.4%CN¥15.00CN¥12.28CN¥10.385
Oct ’24CN¥9.59
CN¥14.02
+46.2%
5.0%CN¥15.00CN¥13.00CN¥11.345
Sep ’24CN¥10.67
CN¥14.02
+31.4%
5.0%CN¥15.00CN¥13.00CN¥8.425
Aug ’24CN¥10.77
CN¥13.49
+25.3%
6.9%CN¥15.00CN¥12.17CN¥7.785
Jul ’24CN¥8.82
CN¥13.33
+51.1%
6.9%CN¥15.00CN¥12.17CN¥7.996
Jun ’24CN¥8.38
CN¥13.33
+59.0%
6.9%CN¥15.00CN¥12.17CN¥8.296
May ’24CN¥9.22
CN¥13.33
+44.5%
6.9%CN¥15.00CN¥12.17CN¥6.716
Apr ’24CN¥9.15
CN¥13.68
+49.5%
6.2%CN¥15.00CN¥12.51CN¥6.825
Mar ’24CN¥10.33
CN¥13.68
+32.4%
6.2%CN¥15.00CN¥12.51CN¥7.255
Feb ’24CN¥10.50
CN¥13.68
+30.3%
6.2%CN¥15.00CN¥12.51CN¥6.775
Analyst Price Target
Consensus Narrative from 4 Analysts
CN¥10.71
Fair Value
6.7% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 06:07
End of Day Share Price 2025/02/21 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hangzhou Binjiang Real Estate Group Co.,Ltd is covered by 28 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tian ShiXinBOCI Research Ltd.
Eric DuBofA Global Research
Jun LiuChangjiang Securities Co. LTD.