Country Garden Holdings Company Limited

DB:DZJ Stock Report

Market Cap: €1.3b

Country Garden Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
€0.41
Fair Value
89.3% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: DZJ (€0.04) is trading below our estimate of fair value (€0.41)

Significantly Below Fair Value: DZJ is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As DZJ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DZJ. This is calculated by dividing DZJ's market cap by their current revenue.
What is DZJ's PS Ratio?
PS Ratio0.04x
SalesCN¥252.76b
Market CapCN¥10.22b

Price to Sales Ratio vs Peers

How does DZJ's PS Ratio compare to its peers?

The above table shows the PS ratio for DZJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.4x
INS Instone Real Estate Group
0.9x17.66%€389.0m
CRZK CR Energy
6.6x48.18%€100.0m
AMM Grounds Real Estate Development
2.4xn/a€30.9m
TLG TLG Immobilien
11.6xn/a€1.5b
DZJ Country Garden Holdings
0.04x-50.25%€11.1b

Price-To-Sales vs Peers: DZJ is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (5.4x).

Price to Sales Ratio vs Industry

How does DZJ's PS Ratio compare vs other companies in the DE Real Estate Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.3x-19.6%
DZJ Country Garden Holdings
 0.04x-50.25%US$1.42b
DIC Branicks Group
0.6x-24.66%US$174.23m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.4x-46.72%US$87.64m
DZJ 0.0xIndustry Avg. 3.3xNo. of Companies8PS02.85.68.411.214+
9 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.3x55.0%
DZJ Country Garden Holdings
 0.04x36.07%US$1.42b
No more companies

Price-To-Sales vs Industry: DZJ is good value based on its Price-To-Sales Ratio (0x) compared to the German Real Estate industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

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

DZJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.04x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate DZJ's Price-To-Sales Fair Ratio for valuation analysis.

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 DZJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.044
€0.047
+6.73%
20.01%€0.063€0.033n/a5
May ’26€0.046
€0.047
+1.81%
20.49%€0.063€0.033n/a5
Apr ’26€0.058
€0.049
-14.89%
19.89%€0.066€0.036n/a5
Mar ’26€0.062
€0.054
-12.66%
24.24%€0.073€0.037n/a8
Feb ’26€0.057
€0.06
+4.72%
32.72%€0.099€0.037n/a8
Jan ’26n/a
€0.066
0%
24.04%€0.099€0.048n/a7
Dec ’25n/a
€0.074
0%
30.54%€0.12€0.048n/a9
Nov ’25n/a
€0.072
0%
30.51%€0.12€0.047n/a9
Oct ’25n/a
€0.072
0%
30.28%€0.12€0.047n/a9
Sep ’25n/a
€0.071
0%
30.33%€0.12€0.047n/a9
Aug ’25n/a
€0.071
0%
30.64%€0.12€0.047n/a9
Jul ’25n/a
€0.068
0%
21.55%€0.095€0.047n/a10
Jun ’25n/a
€0.068
0%
19.30%€0.094€0.047n/a10
May ’25n/a
€0.075
0%
22.82%€0.11€0.047€0.04611
Apr ’25€0.04
€0.075
+86.56%
22.82%€0.11€0.047€0.05811
Mar ’25€0.056
€0.087
+54.67%
23.07%€0.12€0.059€0.06212
Feb ’25€0.056
€0.089
+58.77%
21.12%€0.12€0.06€0.05712
Jan ’25€0.07
€0.11
+49.21%
52.59%€0.29€0.06n/a13
Dec ’24€0.085
€0.11
+30.94%
50.51%€0.29€0.06n/a13
Nov ’24€0.066
€0.13
+98.61%
55.75%€0.29€0.06n/a15
Oct ’24€0.091
€0.16
+73.72%
46.56%€0.29€0.065n/a16
Sep ’24€0.093
€0.16
+76.74%
40.22%€0.29€0.089n/a17
Aug ’24€0.20
€0.27
+30.45%
25.19%€0.39€0.11n/a17
Jul ’24€0.15
€0.29
+89.02%
12.78%€0.40€0.24n/a17
Jun ’24€0.13
€0.29
+119.36%
12.51%€0.40€0.24n/a17
May ’24€0.20
€0.30
+49.28%
12.20%€0.41€0.24n/a17
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
€0.045
Fair Value
2.5% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/16 04:52
End of Day Share Price 2025/05/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Country Garden Holdings Company Limited is covered by 42 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lijiang DuAvic Securities Co., Ltd
Yunting LuoBarclays
Frank ChenBNP Paribas Securities (Asia)