Hongkong Chinese Ltd (0655) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Hongkong Chinese Ltd stock HK$0.12, price HK$0.36, that is 66.7% below the price, quality 55 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 12, 2026.
How to read this chart
60‑month range HK$0.2080 – HK$0.6614 · fair‑value band HK$0.0400 – HK$0.2300 · the HK$0.3600 price screens above the HK$0.1200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 12, 2026.
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Hongkong Chinese Limited, an investment holding company, engages in property investment and development, healthcare services, and hotel operations in Hong Kong, Mainland China, Republic of Singapore, Indonesia, and internationally.
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The company operates through Property Investment, Property Development, Treasury Investment, Securities Investment, and Other segments. The Property Investment segment engages in the letting and resale of properties. The Property Development segment develops and sells properties.
The Treasury Investment segment invests in money markets. The Securities Investment segment is involved in the investment in securities held for trading. It also engages in the provision of project management services. In addition, the company owns a motor yacht.
Hongkong Chinese Limited was incorporated in 1992 and is based in Hong Kong, Hong Kong. The company operates as a subsidiary of Lippo Capital Limited.
Stock analysis
Hongkong Chinese Ltd (0655) currently trades at HK$0.3600, while our model-based Fair Value estimate is HK$0.1200, 67% 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$0.1850 per share, and 1 of the 10 models we run sit above the HK$0.3600 price.
Bear case: the Growth DCF group reads lowest at HK$0.0700, and 9 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.0400 (bear) to HK$0.2300 (bull), the price of HK$0.3600 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 55/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
Hongkong Chinese Ltd reported revenue of HK$54.5M in FY2026 versus HK$81.1M in FY2022, a compound −9.5%/yr. Reported net income was −HK$892M in FY2026.
Key figures
Market cap HK$719M (≈ $91.7M) Micro · P/S ratio 22.8 · Dividend yield 2.8% · Return on equity −18.5% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin 1.8% · Revenue (TTM) HK$31.2M · Revenue growth (YoY) −58.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 49% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −14% fair-value upside, at −67%, 0655 screens richer than that median.
Fair Value models
BearHK$0.0400Fair Value HK$0.1200BullHK$0.2300
Price HK$0.3600 · Downside -66.7%
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 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
Revenue growth 1 year
−25.2%
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.
−8.8%
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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.
−8.4% (2020) → 53.3% (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).
+25.7%
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 +23.1% 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 · 476 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−66.7% · Bottom 25%
Profitability
Return on assets−9.6% · Bottom 25%
Operating margin (12 months)1.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−58.6% · Bottom 25%
Dividend yield (12 months)2.8% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hongkong Chinese Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0655
Frequently asked questions
Is Hongkong Chinese Ltd (0655) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of HK$0.1200 versus a price of HK$0.3600, about 67% lower (overvalued).
What is the fair value of 0655?
Our model-based fair value for Hongkong Chinese Ltd is HK$0.1200 (as of Nov 12, 2026), built from audited fundamentals. The current price: HK$0.3600.
What is the quality score of 0655?
Hongkong Chinese Ltd has a Quality Score of 55/100. 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 Hongkong Chinese Ltd (0655)?
Our model-based price target is the fair value of HK$0.1200 (as of Nov 12, 2026) from 11 valuation models. Cautious scenario HK$0.0400, optimistic scenario HK$0.2300. It is a calculation from audited fundamentals, not an analyst target.
What is the Hongkong Chinese Ltd stock forecast for 2026?
Our models put fair value at HK$0.1200, about 67% lower versus a price of HK$0.3600 (overvalued). Cautious scenario HK$0.0400, optimistic scenario HK$0.2300. The calculation is refreshed regularly with new filings.
What is the revenue of Hongkong Chinese Ltd (0655)?
Hongkong Chinese Ltd reported trailing-twelve-month revenue of about HK$31.2M (latest available figure, as of Nov 12, 2026).
Does Hongkong Chinese Ltd pay a dividend?
Hongkong Chinese Ltd currently shows a dividend yield of 2.82% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Hongkong Chinese Ltd (0655)?
Hongkong Chinese Ltd has a dividend yield of 2.8%.
What growth is priced into Hongkong Chinese Ltd (0655)?
For today's price to be fair in a discounted-cash-flow model, Hongkong Chinese Ltd would have to grow free cash flow by 25.7 % 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 14.8 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of 0655 use?
Our models discount Hongkong Chinese Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.45, 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 Hongkong Chinese Ltd that is +25.7 % 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 Hongkong Chinese Ltd (0655) delivered so far?
Over the past 5 years revenue at Hongkong Chinese Ltd shrank 14.8 % a year. The price currently implies free-cash-flow growth of +25.7 % 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 Hongkong Chinese Ltd (0655) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Hongkong Chinese Ltd (+25.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hongkong Chinese Ltd (0655)?
The free-cash-flow yield on the price is 4.38 %: that much free cash flow Hongkong Chinese 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 Hongkong Chinese Ltd (0655)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hongkong Chinese Ltd it is HK$0.1200 per share (as of Nov 12, 2026), against a price of HK$0.3600. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Hongkong Chinese Ltd stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 0655 trades above its calculated fair value: price HK$0.3600, fair value HK$0.1200, a gap of about −67% (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 0655?
No. The price is what the market pays today (HK$0.3600); the fair value is what the company's own numbers justify (HK$0.1200). For Hongkong Chinese Ltd the two are HK$0.2400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hongkong Chinese Ltd worth?
The market values Hongkong Chinese Ltd at about HK$719M (market capitalisation, as of Nov 12, 2026). Per share that is HK$0.3600; our models calculate a fair value of HK$0.1200 per share.
What do the bullish and bearish scenarios say about 0655?
Our models span a range for Hongkong Chinese Ltd: cautious scenario HK$0.0400, base HK$0.1200, optimistic HK$0.2300 per share (as of Nov 12, 2026, price HK$0.3600). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0655?
The PEG ratio of Hongkong Chinese Ltd is 5.74 (P/E divided by earnings growth, as of Nov 12, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hongkong Chinese Ltd (0655)?
Balance-sheet figures for Hongkong Chinese Ltd (as of Nov 12, 2026): return on equity −18.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 0655 from its 52-week high?
Hongkong Chinese Ltd trades at HK$0.3600, about 31% below its 52-week high of HK$0.5200 and 49% above the low of HK$0.2410 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1200 is for.
Which stocks are comparable to Hongkong Chinese 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 Hongkong Chinese Ltd stock attractive at the current price?
The data as of Nov 12, 2026: price HK$0.3600, calculated fair value HK$0.1200 (−67%), Quality Score 55/100, 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 0655 calculated?
We run Hongkong Chinese 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$0.1200 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 14.1% above its aggregate fair value. Hongkong Chinese 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 Hongkong Chinese Ltd (0655)?
The closing price on Nov 13, 2026 was HK$0.3600. Our model-based fair value is HK$0.1200, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hongkong Chinese Ltd right now?
The price sits above even our optimistic bull case (HK$0.2300). The favourable scenario is already priced in. The model range is unusually wide (HK$0.0400 to HK$0.2300). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Hongkong Chinese Ltd
How large is the market capitalisation of Hongkong Chinese Ltd (0655)?
The market capitalisation of Hongkong Chinese Ltd is HK$719M (≈ $91.7M). 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 Hongkong Chinese Ltd (0655)?
The price-to-sales ratio of Hongkong Chinese Ltd is 22.8 (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 Hongkong Chinese Ltd (0655)?
The dividend yield of Hongkong Chinese Ltd is 2.8%. 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 return on equity of Hongkong Chinese Ltd (0655)?
The return on equity (ROE) of Hongkong Chinese Ltd is −18.5% (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 Hongkong Chinese Ltd (0655)?
On an EBIT basis the return on assets of Hongkong Chinese 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 Hongkong Chinese Ltd (0655)?
The operating margin of Hongkong Chinese Ltd is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hongkong Chinese Ltd (0655)?
Revenue at Hongkong Chinese Ltd is down 58.6% versus a year earlier (3y avg −8.8%). 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 Hongkong Chinese Ltd (0655)?
Earnings per share at Hongkong Chinese Ltd are down 64.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hongkong Chinese Ltd (0655) carry?
The net debt of Hongkong Chinese Ltd is HK$394M (fiscal year 2026, ≈ 12.5 yrs of FCF). 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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Thin data
Nov 12, 2026