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Shenwan Hongyuan HK Ltd (0218) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Shenwan Hongyuan HK Ltd stock HK$1.24, price HK$0.80, upside +56.0%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services HK · ISIN HK0218001102

SH Shenwan Hongyuan HK Ltd logo Thin data Nov 7, 2026

Shenwan Hongyuan HK Ltd

0218 · HK
Undervalued, but in a downtrend

The stock costs 36% less than our calculation considers fair.

Fair value HK$1.24 · Strongly undervalued
Highly profitable · 21.2% net margin (TTM)
Low debt
Even on cautious assumptions the value is 56% above the price (HK$1.24).
Quality 52/100
Mixed vs. peers (6/12)
Moderate moat 50/100 · thin data
Weak Growth (revenue 5y −4.5 %/yr in HKD)
Negative free cash flow
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$3.01 HK$0.2600 Fair Value HK$1.24 Mar 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range HK$0.2600 – HK$3.01 · fair‑value band HK$1.24 – HK$1.27 · the HK$0.7950 price screens below the HK$1.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

Shenwan Hongyuan (H.K.) Limited, an investment holding company, engages in the brokerage, corporate finance, asset management, financing and loans, and investment and other businesses in Hong Kong.

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The company operates through Enterprise Finance, Wealth Management, Institutional Services and Trading, and Asset Management segments.

The Enterprise Finance segment offers stock underwriting sponsorship, bond underwriting, and financial advisory services for corporate clients; and self-financing equity, debt, and other investments.

The Wealth Management segment provides securities, futures, and options brokerage services; and wealth management, over-the-counter, and securities margin financing products to individual clients and non-professional institutional investors through a combination of online and offline methods.

The Institutional Services and Trading segment provides stock brokerage and trading services; research consulting, fixed income bonds, foreign exchange, over-the-counter derivatives and other trading investments, and investment and financing solutions, as well as fixed income, currencies and commodities, structured products, and stock business.

The Asset Management segment offers public and private fund management, investment advisory, and discretionary managed account services. It offers management and treasury and share custodian and nominee services; leases computer equipment; and holds properties.

The company was formerly known as Shenyin Wanguo (H.K.) Limited and changed its name to Shenwan Hongyuan (H.K.) Limited in May 2015. The company was incorporated in 1972 and is headquartered in Hong Kong, Hong Kong.

Stock analysis

Shenwan Hongyuan HK Ltd (0218) currently trades at HK$0.7950, while our model-based Fair Value estimate is HK$1.24, implying the stock looks roughly 36% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of HK$1.95 per share, and 5 of the 6 models we run sit above the HK$0.7950 price.

Bear case: the Earnings-Based group reads lowest at HK$0.6500, and 1 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: HK$1.24 (bear) to HK$1.27 (bull), the price of HK$0.7950 sits below 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 52/100 (solid quality), in the Financial Services sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Shenwan Hongyuan HK Ltd reported revenue of HK$666M in FY2025 versus HK$730M in FY2021, a compound −2.3%/yr. Reported net income was HK$121M in FY2025.

Key figures

Market cap HK$1.2B (≈ $158M) Micro · P/E ratio 9.6 · P/S ratio 1.75 · Net margin 18.2% · Return on equity 4.4% · Return on assets (EBIT) −0.9% (5-year average) · Operating margin 26.5% · Revenue (TTM) HK$572M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 56%, 0218 screens cheaper than that median.

Fair Value models

Bear HK$1.24 Fair Value HK$1.24 Bull HK$1.27
Price HK$0.7950 · Upside +56.0%
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.
Best data coverage
Owner Earnings HK$1.65 HK$1.95 HK$2.44 78
Residual Income HK$1.24 HK$1.24 HK$1.27 71
Graham-Dodd HK$0.5300 HK$0.6500 HK$0.7300 67
All 6 models by family
DCF Models
Owner Earnings HK$1.65 HK$1.95 HK$2.44 78
Earnings-Based
Graham-Dodd HK$0.5300 HK$0.6500 HK$0.7300 67
Multiples
P/E Multiple HK$0.7600 HK$1.01 HK$1.26 63
P/B Multiple HK$0.7000 HK$0.9400 HK$1.17 55
Asset-Based
NCAV (Graham) HK$0.8800 HK$1.18 HK$1.76 54
Economic Profit
Residual Income HK$1.24 HK$1.24 HK$1.27 71

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Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 27
How much profit the company makes from its sales and capital
Quality Growth 90
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 16
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 62
How calm the share price moves, does not count
Price momentum 8
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 17/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
+35.1%
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.
−4.5%
Start year 2020 (pandemic). Over 10 years: −0.2% a year
Revenue growth 25 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.
+0.5%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5.6% vs −5.2%, steady
Profit margin 2020 to 2025 ⓘ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.36% → 31%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.0%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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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.Capital Markets · 385 stocks

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside +56.0% · Above median
Profitability
Return on equity (12 months) 4.4% · Below median
Return on assets 0.9% · Below median
Net margin (12 months) 21.2% · Below median
Operating margin (12 months) 26.5% · Below median
Growth and dividend
Revenue growth (quarter YoY) −10.0% · Bottom 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (12 months) 9.6× · Cheaper than median
P/B 0.45× · Cheapest 25%
P/S (12 months) 2.17× · Cheaper than median
EV/EBITDA 1.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 42
FUTURE (revenue growth)0 · sector 68
PAST (return on equity)18 · sector 38
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 47

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $181.44 $260.72 +44% vs 0218
The Charles Schwab Corporation SCHW $91.49 $117.60 +29% vs 0218
Guotai Haitong Securities Co 601211 ¥16.32 ¥18.02 +10% vs 0218
Nomura Holdings NMR $9.42 $10.17 +8% vs 0218
The Goldman Sachs Group GS $865.82 $766.86 −11% vs 0218
CITIC Securities Company 600030 ¥25.64 ¥20.42 −20% vs 0218
Robinhood Markets, Inc HOOD $80.91 $47.60 −41% vs 0218
Macquarie Group MQG A$247.94 A$123.84 −50% vs 0218
East Money Information Co 300059 ¥18.78 ¥6.72 −64% vs 0218
Interactive Brokers Group IBKR $75.82 $17.48 −77% vs 0218

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Shenwan Hongyuan HK Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shenwan Hongyuan HK Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0218

Frequently asked questions

Is Shenwan Hongyuan HK Ltd (0218) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of HK$1.24 versus a price of HK$0.7950, about +56% upside (undervalued).
What is the fair value of 0218?
Our model-based fair value for Shenwan Hongyuan HK Ltd is HK$1.24 (as of Nov 7, 2026), built from audited fundamentals. The current price: HK$0.7950.
What is the quality score of 0218?
Shenwan Hongyuan HK Ltd has a Quality Score of 52/100. 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 Shenwan Hongyuan HK Ltd (0218)?
Our model-based price target is the fair value of HK$1.24 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario HK$1.24, optimistic scenario HK$1.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenwan Hongyuan HK Ltd stock forecast for 2026?
Our models put fair value at HK$1.24, about +56% upside versus a price of HK$0.7950 (undervalued). Cautious scenario HK$1.24, optimistic scenario HK$1.27. The calculation is refreshed regularly with new filings.
What is the revenue of Shenwan Hongyuan HK Ltd (0218)?
Shenwan Hongyuan HK Ltd reported trailing-twelve-month revenue of about HK$572M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Shenwan Hongyuan HK Ltd (0218)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenwan Hongyuan HK Ltd it is HK$1.24 per share (as of Nov 7, 2026), against a price of HK$0.7950. It is the blended result of 6 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Shenwan Hongyuan HK Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 0218 trades below its calculated fair value: price HK$0.7950, fair value HK$1.24, a gap of about +56% (undervalued). 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 0218?
No. The price is what the market pays today (HK$0.7950); the fair value is what the company's own numbers justify (HK$1.24). For Shenwan Hongyuan HK Ltd the two are HK$0.4450 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenwan Hongyuan HK Ltd worth?
The market values Shenwan Hongyuan HK Ltd at about HK$1.2B (market capitalisation, as of Nov 7, 2026). Per share that is HK$0.7950; our models calculate a fair value of HK$1.24 per share.
What do the bullish and bearish scenarios say about 0218?
Our models span a range for Shenwan Hongyuan HK Ltd: cautious scenario HK$1.24, base HK$1.24, optimistic HK$1.27 per share (as of Nov 7, 2026, price HK$0.7950). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0218?
Shenwan Hongyuan HK Ltd trades at a price-to-earnings ratio of 9.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$1.24 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings: 15.3. Other multiples: P/B 0.5, P/S 2.2, EV/EBITDA 1.4.
How solid is the balance sheet of Shenwan Hongyuan HK Ltd (0218)?
Balance-sheet figures for Shenwan Hongyuan HK Ltd (as of Nov 7, 2026): return on equity 4.4%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 0218 from its 52-week high?
Shenwan Hongyuan HK Ltd trades at HK$0.7950, about 49% below its 52-week high of HK$1.57 and 3% above the low of HK$0.7700 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.24 is for.
Which stocks are comparable to Shenwan Hongyuan HK Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Shenwan Hongyuan HK Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price HK$0.7950, calculated fair value HK$1.24 (+56%), Quality Score 52/100, from 6 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 0218 calculated?
We run Shenwan Hongyuan HK Ltd through 6 models from 5 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of HK$1.24 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. Shenwan Hongyuan HK Ltd currently trades 36% 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 Shenwan Hongyuan HK Ltd (0218)?
The closing price on Nov 9, 2026 was HK$0.7950. Our model-based fair value is HK$1.24, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenwan Hongyuan HK Ltd right now?
The price is below even our cautious bear case (HK$1.24). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (HK$1.24 to HK$1.27), unusually little disagreement for a valuation.

Key figures of Shenwan Hongyuan HK Ltd

How large is the market capitalisation of Shenwan Hongyuan HK Ltd (0218)?
The market capitalisation of Shenwan Hongyuan HK Ltd is HK$1.2B (≈ $158M). 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 Shenwan Hongyuan HK Ltd (0218)?
The price-to-sales ratio of Shenwan Hongyuan HK Ltd is 1.75 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Shenwan Hongyuan HK Ltd (0218)?
The net margin of Shenwan Hongyuan HK Ltd is 18.2% (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 Shenwan Hongyuan HK Ltd (0218)?
The return on equity (ROE) of Shenwan Hongyuan HK Ltd is 4.4% (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 Shenwan Hongyuan HK Ltd (0218)?
On an EBIT basis the return on assets of Shenwan Hongyuan HK Ltd is −0.9% (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 Shenwan Hongyuan HK Ltd (0218)?
The operating margin of Shenwan Hongyuan HK Ltd is 26.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenwan Hongyuan HK Ltd (0218)?
Revenue at Shenwan Hongyuan HK Ltd is growing −10.0% versus a year earlier (3y avg +35.1%). 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 Shenwan Hongyuan HK Ltd (0218)?
Earnings per share at Shenwan Hongyuan HK Ltd are growing +0.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shenwan Hongyuan HK Ltd (0218) generate?
The free cash flow of Shenwan Hongyuan HK Ltd is −HK$1.8B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shenwan Hongyuan HK Ltd (0218) carry?
The net debt of Shenwan Hongyuan HK Ltd is HK$1.3B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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