Dynamic Holdings Ltd (0029) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dynamic Holdings Ltd stock HK$1.89, price HK$8.25, that is 77.1% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range HK$6.27 – HK$14.52 · fair‑value band HK$1.70 – HK$2.17 · the HK$8.25 price screens above the HK$1.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Dynamic Holdings Limited, an investment holding company, engages in the investment and property development in the People's Republic of China and Hong Kong.
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The company's investment properties portfolio comprises offices, shopping malls, car parks, and other amenities, as well as residential, commercial, and retail properties. Dynamic Holdings Limited was incorporated in 1992 and is based in Causeway Bay, Hong Kong.
Stock analysis
Dynamic Holdings Ltd (0029) currently trades at HK$8.25, while our model-based Fair Value estimate is HK$1.89, 77% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of HK$2.37 per share, and 1 of the 11 models we run sit above the HK$8.25 price.
Bear case: the Growth DCF group reads lowest at HK$1.88, and 10 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: HK$1.70 (bear) to HK$2.17 (bull), the price of HK$8.25 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Dynamic Holdings Ltd reported revenue of HK$60.8M in FY2026 versus HK$90.2M in FY2022, a compound −9.4%/yr. Reported net income was −HK$63.1M in FY2026.
Key figures
Market cap HK$2.0B (≈ $250M) Micro · P/S ratio 35.3 · EPS (TTM) HK$−0.0900 · Dividend yield 0.1% · Net margin −104% · Return on equity −0.9% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin −4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 36% 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 −16% fair-value upside, at −77%, 0029 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (HK$1.81 to HK$21.38). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
BearHK$1.70Fair Value HK$1.89BullHK$2.17
Price HK$8.25 · Downside -77.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
32.8% (2020) → 22.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+45.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +42.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate Services · 472 stocks
Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Bottom 25%
Fair Value upside−77.1% · Bottom 25%
Profitability
Return on assets−0.4% · Bottom 25%
Net margin (12 months)−109.6% · Bottom 25%
Operating margin (12 months)−4.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−9.7% · Bottom 25%
Dividend yield (12 months)0.1% · Bottom 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is Dynamic Holdings Ltd (0029) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of HK$1.89 versus a price of HK$8.25, about 77% lower (overvalued).
What is the fair value of 0029?
Our model-based fair value for Dynamic Holdings Ltd is HK$1.89 (as of Nov 9, 2026), built from audited fundamentals. The current price: HK$8.25.
What is the quality score of 0029?
Dynamic Holdings Ltd has a Quality Score of 48/100. 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 price target for Dynamic Holdings Ltd (0029)?
Our model-based price target is the fair value of HK$1.89 (as of Nov 9, 2026) from 11 valuation models. Cautious scenario HK$1.70, optimistic scenario HK$2.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Dynamic Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$1.89, about 77% lower versus a price of HK$8.25 (overvalued). Cautious scenario HK$1.70, optimistic scenario HK$2.17. The calculation is refreshed regularly with new filings.
What is the revenue of Dynamic Holdings Ltd (0029)?
Dynamic Holdings Ltd reported trailing-twelve-month revenue of about HK$57.6M (latest available figure, as of Nov 9, 2026).
Does Dynamic Holdings Ltd pay a dividend?
Dynamic Holdings Ltd currently shows a dividend yield of 0.11% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Dynamic Holdings Ltd (0029) and when is the ex-dividend date?
Dynamic Holdings Ltd pays a dividend of HK$0.009 per share a year, a dividend yield of 0.1%. The next ex-dividend date is Dec 15, 2026. A dividend has been paid every year since at least 1994. Free cash flow covers the dividend 8.30 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Dynamic Holdings Ltd (0029)?
For today's price to be fair in a discounted-cash-flow model, Dynamic Holdings Ltd would have to grow free cash flow by +45.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 0029 use?
Our models discount Dynamic Holdings Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.23, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dynamic Holdings Ltd that is +45.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Dynamic Holdings Ltd (0029) delivered so far?
Over the past 5 years revenue at Dynamic Holdings Ltd grew -7.8 % a year. The price currently implies free-cash-flow growth of +45.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dynamic Holdings Ltd (0029) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Dynamic Holdings Ltd (+45.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dynamic Holdings Ltd (0029)?
The free-cash-flow yield on the price is 0.91 %: that much free cash flow Dynamic Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dynamic Holdings Ltd (0029)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dynamic Holdings Ltd it is HK$1.89 per share (as of Nov 9, 2026), against a price of HK$8.25. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Dynamic Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 0029 trades above its calculated fair value: price HK$8.25, fair value HK$1.89, a gap of about −77% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0029?
No. The price is what the market pays today (HK$8.25); the fair value is what the company's own numbers justify (HK$1.89). For Dynamic Holdings Ltd the two are HK$6.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dynamic Holdings Ltd worth?
The market values Dynamic Holdings Ltd at about HK$2.0B (market capitalisation, as of Nov 9, 2026). Per share that is HK$8.25; our models calculate a fair value of HK$1.89 per share.
What do the bullish and bearish scenarios say about 0029?
Our models span a range for Dynamic Holdings Ltd: cautious scenario HK$1.70, base HK$1.89, optimistic HK$2.17 per share (as of Nov 9, 2026, price HK$8.25). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dynamic Holdings Ltd (0029)?
Balance-sheet figures for Dynamic Holdings Ltd (as of Nov 9, 2026): return on equity −0.9%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 0029 from its 52-week high?
Dynamic Holdings Ltd trades at HK$8.25, about 36% below its 52-week high of HK$12.98 and 1% above the low of HK$8.20 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.89 is for.
Which stocks are comparable to Dynamic Holdings Ltd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dynamic Holdings Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price HK$8.25, calculated fair value HK$1.89 (−77%), Quality Score 48/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0029 calculated?
We run Dynamic Holdings Ltd through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of HK$1.89 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Dynamic Holdings Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dynamic Holdings Ltd (0029)?
The closing price on Nov 6, 2026 was HK$8.25. Our model-based fair value is HK$1.89, about 77% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dynamic Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$2.17). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Dynamic Holdings Ltd
How large is the market capitalisation of Dynamic Holdings Ltd (0029)?
The market capitalisation of Dynamic Holdings Ltd is HK$2.0B (≈ $250M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dynamic Holdings Ltd (0029)?
The price-to-sales ratio of Dynamic Holdings Ltd is 35.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dynamic Holdings Ltd (0029)?
Earnings per share at Dynamic Holdings Ltd are HK$−0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dynamic Holdings Ltd (0029)?
The dividend yield of Dynamic Holdings Ltd is 0.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dynamic Holdings Ltd (0029)?
The net margin of Dynamic Holdings Ltd is −104% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dynamic Holdings Ltd (0029)?
The return on equity (ROE) of Dynamic Holdings Ltd is −0.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dynamic Holdings Ltd (0029)?
On an EBIT basis the return on assets of Dynamic Holdings Ltd is 0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dynamic Holdings Ltd (0029)?
The operating margin of Dynamic Holdings Ltd is −4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dynamic Holdings Ltd (0029)?
Revenue at Dynamic Holdings Ltd is growing −9.7% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Dynamic Holdings Ltd (0029) hold?
Dynamic Holdings Ltd holds more cash than debt, HK$263M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 9, 2026