Nanyang Holdings Ltd (0212) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Nanyang Holdings Ltd stock HK$34.22, price HK$29.00, upside +18.0%, quality 59 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. 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 14, 2026.
How to read this chart
60‑month range HK$21.90 – HK$38.33 · fair‑value band HK$25.67 – HK$42.78 · the HK$29.00 price screens below the HK$34.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 14, 2026.
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Nanyang Holdings Limited, an investment holding company, engages in the property investment and trading businesses in Hong Kong, the United States, Europe, Taiwan, and internationally. The company operates through two segments: Real Estate and Financial Investments.
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It is involved in and leasing industrial/office premises; and property investment and holding activities, as well as holds and trades in investment securities. The company was founded in 1947 and is based in Central, Hong Kong.
Stock analysis
Nanyang Holdings Ltd (0212) currently trades at HK$29.00, while our estimate is HK$34.22, so the stock looks roughly fairly valued today (gap 15.3%).
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: HK$25.67 (bear) to HK$42.78 (bull), the price of HK$29.00 sits inside 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 59/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Nanyang Holdings Ltd reported revenue of HK$169M in FY2025 versus HK$169M in FY2021, a compound +0.1%/yr. Reported net income was −HK$50.0M in FY2025.
Key figures
Market cap HK$985M (≈ $126M) Micro · P/S ratio 4.13 · Dividend yield 2.4% · Net margin −29.6% · Return on equity −0.2% · Return on assets (EBIT) 1.0% (5-year average) · Operating margin 75.5% · Revenue (TTM) HK$238M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 7% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at 18%, 0212 screens cheaper than that median.
Fair Value
BearHK$25.67Fair Value HK$34.22BullHK$42.78
Price HK$29.00 · Upside +18.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Quality Score breakdown
Overall quality59/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability7
How much profit the company makes from its sales and capital
Quality Growth45
Are margins and returns getting better?
Cashflow49
Do the profits arrive as real cash?
Financial strength80
Debt, balance sheet and risk of trouble
Investment100
Does it invest with discipline instead of growing at any price?
Low Volatility98
How calm the share price moves, does not count
Price momentum43
Price momentum of the last 3 to 12 months, does not count
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 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
−15.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.6%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
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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.
59.5% (2018) → −65.7% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 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).
+30.3%
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 +27.6% 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.Asset Management · 634 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+18.0% · Above median
Profitability
Return on assets−1.1% · Below median
Net margin (12 months)−3.7% · Bottom 25%
Operating margin (12 months)75.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−24.3% · Bottom 25%
Dividend yield (12 months)2.4% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Nanyang Holdings Ltd (0212) overvalued or undervalued?
As of Nov 14, 2026, our estimate of fair value is HK$34.22 versus a price of HK$29.00, about +18% upside (fairly valued).
What is the fair value of 0212?
Our estimate for Nanyang Holdings Ltd is HK$34.22 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$29.00.
What is the quality score of 0212?
Nanyang Holdings Ltd has a Quality Score of 59/100. 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 Nanyang Holdings Ltd (0212)?
Our calculated price target is the estimate of HK$34.22 (as of Nov 14, 2026). Cautious scenario HK$25.67, optimistic scenario HK$42.78. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Nanyang Holdings Ltd stock forecast for 2026?
Our estimate puts fair value at HK$34.22, about +18% upside versus a price of HK$29.00 (fairly valued). Cautious scenario HK$25.67, optimistic scenario HK$42.78. The calculation is refreshed regularly with new filings.
What is the revenue of Nanyang Holdings Ltd (0212)?
Nanyang Holdings Ltd reported trailing-twelve-month revenue of about HK$238M (latest available figure, as of Nov 14, 2026).
Does Nanyang Holdings Ltd pay a dividend?
Nanyang Holdings Ltd currently shows a dividend yield of 2.41% relative to its recent price (as of Nov 14, 2026).
How much is the dividend of Nanyang Holdings Ltd (0212) and when is the ex-dividend date?
Nanyang Holdings Ltd pays a dividend of HK$0.7 per share a year, a dividend yield of 2.4%. The last ex-dividend date was May 22, 2026. A dividend has been paid every year since at least 2000. Free cash flow covers the dividend 0.19 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Nanyang Holdings Ltd (0212)?
For today's price to be fair in a discounted-cash-flow model, Nanyang Holdings Ltd would have to grow free cash flow by 30.3 % 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 fell 1.6 % per year. As of Nov 14, 2026.
What discount rate (WACC) does the fair value of 0212 use?
Our models discount Nanyang Holdings Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.20, 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 Nanyang Holdings Ltd that is +30.3 % 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 Nanyang Holdings Ltd (0212) delivered so far?
Over the past 5 years revenue at Nanyang Holdings Ltd shrank 1.6 % a year. The price currently implies free-cash-flow growth of +30.3 % 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 Nanyang Holdings Ltd (0212) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Nanyang Holdings Ltd (+30.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nanyang Holdings Ltd (0212)?
The free-cash-flow yield on the price is 0.47 %: that much free cash flow Nanyang 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 Nanyang Holdings Ltd (0212)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nanyang Holdings Ltd it is HK$34.22 per share (as of Nov 14, 2026), against a price of HK$29.00.
Is Nanyang Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 0212 trades below its calculated fair value: price HK$29.00, fair value HK$34.22, a gap of about +18% (fairly valued). 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 0212?
No. The price is what the market pays today (HK$29.00); the fair value is what the company's own numbers justify (HK$34.22). For Nanyang Holdings Ltd the two are HK$5.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nanyang Holdings Ltd worth?
The market values Nanyang Holdings Ltd at about HK$985M (market capitalisation, as of Nov 14, 2026). Per share that is HK$29.00; our models calculate a fair value of HK$34.22 per share.
What do the bullish and bearish scenarios say about 0212?
Our models span a range for Nanyang Holdings Ltd: cautious scenario HK$25.67, base HK$34.22, optimistic HK$42.78 per share (as of Nov 14, 2026, price HK$29.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nanyang Holdings Ltd (0212)?
Balance-sheet figures for Nanyang Holdings Ltd (as of Nov 14, 2026): return on equity −0.2%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 0212 from its 52-week high?
Nanyang Holdings Ltd trades at HK$29.00, about 6% below its 52-week high of HK$30.77 and 7% above the low of HK$27.02 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$34.22 is for.
Which stocks are comparable to Nanyang Holdings Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, SK Square Co, 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 Nanyang Holdings Ltd stock attractive at the current price?
The data as of Nov 14, 2026: price HK$29.00, calculated fair value HK$34.22 (+18%), Quality Score 59/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1% above its aggregate fair value. Nanyang Holdings Ltd currently trades 15% below its own fair value, and the market average says nothing about that. 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 Nanyang Holdings Ltd (0212)?
The closing price on Nov 13, 2026 was HK$29.00. Our estimate is HK$34.22, about +18% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nanyang Holdings Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Nanyang Holdings Ltd
How large is the market capitalisation of Nanyang Holdings Ltd (0212)?
The market capitalisation of Nanyang Holdings Ltd is HK$985M (≈ $126M). 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 Nanyang Holdings Ltd (0212)?
The price-to-sales ratio of Nanyang Holdings Ltd is 4.13 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Nanyang Holdings Ltd (0212)?
The dividend yield of Nanyang Holdings Ltd is 2.4%. 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 Nanyang Holdings Ltd (0212)?
The net margin of Nanyang Holdings Ltd is −29.6% (fiscal year 2025). 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 Nanyang Holdings Ltd (0212)?
The return on equity (ROE) of Nanyang Holdings Ltd is −0.2% (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 Nanyang Holdings Ltd (0212)?
On an EBIT basis the return on assets of Nanyang Holdings Ltd is 1.0% (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 Nanyang Holdings Ltd (0212)?
The operating margin of Nanyang Holdings Ltd is 75.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nanyang Holdings Ltd (0212)?
Revenue at Nanyang Holdings Ltd is down 24.3% versus a year earlier (3y avg +0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nanyang Holdings Ltd (0212)?
Earnings per share at Nanyang Holdings Ltd are growing 150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nanyang Holdings Ltd (0212) hold?
Nanyang Holdings Ltd holds more cash than debt, HK$259M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 14, 2026