Soundwill Holdings Ltd (0878) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Soundwill Holdings Ltd stock HK$7.57, price HK$5.72, upside +32.5%, quality 61 out of 100. Rating: undervalued. 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$4.85 – HK$8.11 · fair‑value band HK$3.85 – HK$12.69 · the HK$5.72 price screens below the HK$7.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Soundwill Holdings Limited, an investment holding company, engages in the real estate business in Hong Kong and the Mainland China. It operates through Property development, Property leasing, and Building management and other services segments.
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The company develops medium to high-end commercial and residential, as well as industrial properties; and offers building management, and repair and maintenance services to large-scale commercial buildings, and small and medium-sized residential estates.
It also invests in and leases commercial, office, and residential buildings, as well as advertising and mini-storage spaces; and leases property. The company was founded in 1978 and is headquartered in Causeway Bay, Hong Kong. Soundwill Holdings Limited operates as a subsidiary of Ko Bee Limited.
Stock analysis
Soundwill Holdings Ltd (0878) currently trades at HK$5.72, while our model-based Fair Value estimate is HK$7.57, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$32.03 per share, and 11 of the 11 models we run sit above the HK$5.72 price.
Bear case: the Growth DCF group reads lowest at HK$6.99, and 0 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$3.85 (bear) to HK$12.69 (bull), the price of HK$5.72 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 61/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Soundwill Holdings Ltd reported revenue of HK$358M in FY2025 versus HK$569M in FY2021, a compound −10.9%/yr. Reported net income was −HK$2.1B in FY2025.
Key figures
Market cap HK$1.6B (≈ $206M) Micro · P/S ratio 3.39 · Dividend yield 1.7% · Return on equity −9.4% · Return on assets (EBIT) 0.6% (5-year average) · Operating margin 35.9% · Revenue (TTM) HK$485M · Revenue growth (YoY) +70.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and at 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 33%, 0878 screens cheaper than that median.
Fair Value models
BearHK$3.85Fair Value HK$7.57BullHK$12.69
Price HK$5.72 · Upside +32.5%
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 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Revenue growth 1 year
−70.9%
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.
−9.9%
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.
−12.3%
Start year 2020 (pandemic)
Revenue growth 11 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.
−17.4%
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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).
+3.7%
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 +1.5% 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 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+32.5% · Above median
Profitability
Return on assets−13.5% · Bottom 25%
Operating margin (12 months)35.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)70.4% · Top 25%
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B0.12× · Cheapest 25%
P/S (12 months)3.34× · Pricier than median
Price / free cash flow (fiscal year)9.9× · Cheaper than median
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Is Soundwill Holdings Ltd (0878) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of HK$7.57 versus a price of HK$5.72, about +33% upside (undervalued).
What is the fair value of 0878?
Our model-based fair value for Soundwill Holdings Ltd is HK$7.57 (as of Nov 12, 2026), built from audited fundamentals. The current price: HK$5.72.
What is the quality score of 0878?
Soundwill Holdings Ltd has a Quality Score of 61/100. 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 Soundwill Holdings Ltd (0878)?
Our model-based price target is the fair value of HK$7.57 (as of Nov 12, 2026) from 11 valuation models. Cautious scenario HK$3.85, optimistic scenario HK$12.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Soundwill Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$7.57, about +33% upside versus a price of HK$5.72 (undervalued). Cautious scenario HK$3.85, optimistic scenario HK$12.69. The calculation is refreshed regularly with new filings.
What is the revenue of Soundwill Holdings Ltd (0878)?
Soundwill Holdings Ltd reported trailing-twelve-month revenue of about HK$485M (latest available figure, as of Nov 12, 2026).
Does Soundwill Holdings Ltd pay a dividend?
Soundwill Holdings Ltd currently shows a dividend yield of 1.75% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Soundwill Holdings Ltd (0878) and when is the ex-dividend date?
Soundwill Holdings Ltd pays a dividend of HK$0.1 per share a year, a dividend yield of 1.7%. The last ex-dividend date was May 22, 2026. Free cash flow covers the dividend 5.77 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 Soundwill Holdings Ltd (0878)?
For today's price to be fair in a discounted-cash-flow model, Soundwill Holdings Ltd would have to grow free cash flow by 3.7 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue fell 12.3 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of 0878 use?
Our models discount Soundwill Holdings Ltd at 13.3 %: a base by market capitalisation (micro), 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 Soundwill Holdings Ltd that is +3.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Soundwill Holdings Ltd (0878) delivered so far?
Over the past 5 years revenue at Soundwill Holdings Ltd shrank 12.3 % a year. The price currently implies free-cash-flow growth of +3.7 % 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 Soundwill Holdings Ltd (0878) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Soundwill Holdings Ltd (+3.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Soundwill Holdings Ltd (0878)?
The free-cash-flow yield on the price is 10.09 %: that much free cash flow Soundwill Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Soundwill Holdings Ltd (0878)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Soundwill Holdings Ltd it is HK$7.57 per share (as of Nov 12, 2026), against a price of HK$5.72. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Soundwill Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 0878 trades below its calculated fair value: price HK$5.72, fair value HK$7.57, a gap of about +33% (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 0878?
No. The price is what the market pays today (HK$5.72); the fair value is what the company's own numbers justify (HK$7.57). For Soundwill Holdings Ltd the two are HK$1.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Soundwill Holdings Ltd worth?
The market values Soundwill Holdings Ltd at about HK$1.6B (market capitalisation, as of Nov 12, 2026). Per share that is HK$5.72; our models calculate a fair value of HK$7.57 per share.
What do the bullish and bearish scenarios say about 0878?
Our models span a range for Soundwill Holdings Ltd: cautious scenario HK$3.85, base HK$7.57, optimistic HK$12.69 per share (as of Nov 12, 2026, price HK$5.72). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Soundwill Holdings Ltd (0878)?
Balance-sheet figures for Soundwill Holdings Ltd (as of Nov 12, 2026): return on equity −9.4%, debt of 0.09 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 0878 from its 52-week high?
Soundwill Holdings Ltd trades at HK$5.72, about 21% below its 52-week high of HK$7.20 and at the low of HK$5.72 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$7.57 is for.
Which stocks are comparable to Soundwill 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 Soundwill Holdings Ltd stock attractive at the current price?
The data as of Nov 12, 2026: price HK$5.72, calculated fair value HK$7.57 (+33%), Quality Score 61/100, 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 0878 calculated?
We run Soundwill 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$7.57 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. Soundwill Holdings Ltd currently trades 25% 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 Soundwill Holdings Ltd (0878)?
The closing price on Nov 13, 2026 was HK$5.72. Our model-based fair value is HK$7.57, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Soundwill Holdings Ltd right now?
The model range is unusually wide (HK$3.85 to HK$12.69). 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 quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Soundwill Holdings Ltd
How large is the market capitalisation of Soundwill Holdings Ltd (0878)?
The market capitalisation of Soundwill Holdings Ltd is HK$1.6B (≈ $206M). 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 Soundwill Holdings Ltd (0878)?
The price-to-sales ratio of Soundwill Holdings Ltd is 3.39 (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 Soundwill Holdings Ltd (0878)?
The dividend yield of Soundwill Holdings Ltd is 1.7%. 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 Soundwill Holdings Ltd (0878)?
The return on equity (ROE) of Soundwill Holdings Ltd is −9.4% (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 Soundwill Holdings Ltd (0878)?
On an EBIT basis the return on assets of Soundwill Holdings Ltd is 0.6% (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 Soundwill Holdings Ltd (0878)?
The operating margin of Soundwill Holdings Ltd is 35.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Soundwill Holdings Ltd (0878)?
Revenue at Soundwill Holdings Ltd is growing 70.4% versus a year earlier (3y avg −9.9%). 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 Soundwill Holdings Ltd (0878)?
Earnings per share at Soundwill Holdings Ltd are down 92.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Soundwill Holdings Ltd (0878) carry?
The net debt of Soundwill Holdings Ltd is HK$768M (fiscal year 2025, ≈ 4.7 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