China Merchants Shekou Industrial Zone Holdings stock: fair value
001979.SZThe fair value of China Merchants Shekou Industrial Zone Holdings under our model is $0.58, the price is 95% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $0.45 and expensive above $0.83 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 12.6%. At 13.6% the fair value would be $0.53, at 11.6% it would be $0.64.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.3%. Discounted at 12.6% (government bond yield 2.3% plus beta 2 times a risk premium of 5.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $0.58 per share: free cash flow for the next ten years, each year discounted to today at 12.6%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 12.6%) |
|---|---|---|---|---|
| 2026 | $622.77M | extrapolated at −6.4% | 0.8882 | $553.13M |
| 2027 | $599.38M | extrapolated at −3.8% | 0.7889 | $472.83M |
| 2028 | $587.78M | extrapolated at −1.9% | 0.7006 | $411.83M |
| 2029 | $583.89M | extrapolated at −0.7% | 0.6223 | $363.36M |
| 2030 | $585.23M | extrapolated at 0.2% | 0.5527 | $323.47M |
| 2031 | $590.23M | extrapolated at 0.9% | 0.4909 | $289.75M |
| 2032 | $597.85M | extrapolated at 1.3% | 0.4360 | $260.67M |
| 2033 | $607.39M | extrapolated at 1.6% | 0.3873 | $235.22M |
| 2034 | $618.39M | extrapolated at 1.8% | 0.3440 | $212.7M |
| 2035 | $630.51M | extrapolated at 2.0% | 0.3055 | $192.62M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $3.32B |
| Terminal value: cash flow 2035 × (1 + 2.3%) / (12.6% − 2.3%) | $6.28B |
| Present value of terminal value (× 0.3055) | $1.92B |
| Equity value (sum plus present value of terminal value) | $5.23B |
| Shares (diluted) | 9.02B |
| Value per share (equity value divided by shares) | $0.58 |
| Fair value (from the cash flow model alone) | $0.58 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 13 Mar 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.