Brightoil Petroleum (Holdings) Ltd. (0933) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Brightoil Petroleum (Holdings) Ltd. stock HK$0.79, price HK$0.53, upside +50.5%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 14, 2026.
How to read this chart
60‑month range HK$0.2700 – HK$1.86 · fair‑value band HK$0.5300 – HK$1.03 · the HK$0.5250 price screens below the HK$0.7900 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 14, 2026.
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Viva Goods Company Limited engages in the design, development, branding, and sale of sports and lifestyle apparel and footwear in the United Kingdom, the Republic of Ireland, the United States, the People's Republic of China, Asia, Europe, the Middle East, and Africa.
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It operates in two segments, Multi-Brand Apparel and Footwear, and Sports Experience.
The company offers apparel and footwear, as well as lifestyle products under the Clarks, Bossini/bossini.X, LNG, and TESTONI. It is also involved in management and operation of sports parks, sports centres, ice-skating rinks, and e-sports clubs; coordination of sports events; and sports-related marketing services, as well as sports competitions.
In addition, the company retails and distributes garments; offers sports talent management, competition and event production and management, sports-related marketing and consultancy; manufactures shoes; production and distribution of sports content; management and marketing of sports talents; and sells footwear and leather goods.
The company was formerly known as Viva China Holdings Limited and changed its name to Viva Goods Company Limited in May 2023. Viva Goods Company Limited was incorporated in 2000 and is headquartered in Hong Kong.
Stock analysis
Brightoil Petroleum (Holdings) Ltd. (0933) currently trades at HK$0.5250, while our model-based Fair Value estimate is HK$0.7900, implying the stock looks roughly 34% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.9500 per share, and 13 of the 24 models we run sit above the HK$0.5250 price.
Bear case: the Dividend Discount group reads lowest at HK$0.0850, and 11 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.5300 (bear) to HK$1.03 (bull), the price of HK$0.5250 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 55/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Brightoil Petroleum (Holdings) Ltd. reported revenue of HK$10.3B in FY2026 versus HK$1.4B in FY2022, a compound +65.2%/yr. Reported net income was HK$170M in FY2026, compounding −56.0%/yr from FY2022.
Key figures
Market cap HK$6.1B (≈ $779M) Small · P/E ratio 17.3 · P/S ratio 0.29 · Net margin 1.7% · Return on equity 4.5% · Return on assets (EBIT) −3.1% (5-year average) · Operating margin 4.6% · Revenue (TTM) HK$10.6B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 94% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −7% fair-value upside, at 51%, 0933 screens cheaper than that median.
Fair Value models
BearHK$0.5300Fair Value HK$0.7900BullHK$1.03
Price HK$0.5250 · Upside +50.5%
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 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Revenue growth 1 year
−1.2%
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.
+14.3%
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.
+65.9%
Start year 2021 (pandemic)
Revenue growth 6 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.
+59.5%
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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.
−32.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.7%
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.−32.7% vs 4.7%, slowing
Profit margin 2021 to 2026 ⓘ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.1% → 2%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−5.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −7.1% a year for the price.
Compare Brightoil Petroleum (Holdings) Ltd. with another stock
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.Apparel Manufacturing · 219 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+50.5% · Above median
Profitability
Return on equity (12 months)4.5% · Below median
Return on assets1.7% · Below median
Net margin (12 months)3.9% · Above median
Operating margin (12 months)4.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.4% · Above median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.21× · Highest 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (12 months)17.3× · Pricier than median
P/B0.88× · Cheaper than median
P/S (12 months)0.93× · Pricier than median
Price / free cash flow (fiscal year)11.9× · Cheaper than median
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Is Brightoil Petroleum (Holdings) Ltd. (0933) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of HK$0.7900 versus a price of HK$0.5250, about +51% upside (undervalued).
What is the fair value of 0933?
Our model-based fair value for Brightoil Petroleum (Holdings) Ltd. is HK$0.7900 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$0.5250.
What is the quality score of 0933?
Brightoil Petroleum (Holdings) 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 Brightoil Petroleum (Holdings) Ltd. (0933)?
Our model-based price target is the fair value of HK$0.7900 (as of Nov 14, 2026) from 25 valuation models. Cautious scenario HK$0.5300, optimistic scenario HK$1.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Brightoil Petroleum (Holdings) Ltd. stock forecast for 2026?
Our models put fair value at HK$0.7900, about +51% upside versus a price of HK$0.5250 (undervalued). Cautious scenario HK$0.5300, optimistic scenario HK$1.03. The calculation is refreshed regularly with new filings.
What is the revenue of Brightoil Petroleum (Holdings) Ltd. (0933)?
Brightoil Petroleum (Holdings) Ltd. reported trailing-twelve-month revenue of about HK$10.6B (latest available figure, as of Nov 14, 2026).
What growth is priced into Brightoil Petroleum (Holdings) Ltd. (0933)?
Today's price is already fair in a discounted-cash-flow model if free cash flow at Brightoil Petroleum (Holdings) Ltd. shrinks by 5.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew 65.9 % per year. As of Nov 14, 2026.
What discount rate (WACC) does the fair value of 0933 use?
Our models discount Brightoil Petroleum (Holdings) Ltd. at 10.3 %: a base by market capitalisation (small), damped by beta 0.19, 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 Brightoil Petroleum (Holdings) Ltd. that is -5.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Brightoil Petroleum (Holdings) Ltd. (0933) delivered so far?
Over the past 5 years revenue at Brightoil Petroleum (Holdings) Ltd. grew 65.9 % a year. The price currently implies free-cash-flow growth of -5.1 % 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 Brightoil Petroleum (Holdings) Ltd. (0933) growing?
The median revenue growth in the sector is +13.1 % a year. That is the yardstick for the growth priced into Brightoil Petroleum (Holdings) Ltd. (-5.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Brightoil Petroleum (Holdings) Ltd. (0933)?
The free-cash-flow yield on the price is 13.59 %: that much free cash flow Brightoil Petroleum (Holdings) Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Brightoil Petroleum (Holdings) Ltd. (0933)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Brightoil Petroleum (Holdings) Ltd. it is HK$0.7900 per share (as of Nov 14, 2026), against a price of HK$0.5250. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Brightoil Petroleum (Holdings) Ltd. stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 0933 trades below its calculated fair value: price HK$0.5250, fair value HK$0.7900, a gap of about +51% (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 0933?
No. The price is what the market pays today (HK$0.5250); the fair value is what the company's own numbers justify (HK$0.7900). For Brightoil Petroleum (Holdings) Ltd. the two are HK$0.2650 per share apart. That gap is exactly why we show both numbers side by side.
How much is Brightoil Petroleum (Holdings) Ltd. worth?
The market values Brightoil Petroleum (Holdings) Ltd. at about HK$6.1B (market capitalisation, as of Nov 14, 2026). Per share that is HK$0.5250; our models calculate a fair value of HK$0.7900 per share.
What do the bullish and bearish scenarios say about 0933?
Our models span a range for Brightoil Petroleum (Holdings) Ltd.: cautious scenario HK$0.5300, base HK$0.7900, optimistic HK$1.03 per share (as of Nov 14, 2026, price HK$0.5250). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0933?
Brightoil Petroleum (Holdings) Ltd. trades at a price-to-earnings ratio of 17.3 (as of Nov 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.7900 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2026), reported earnings: 18.9. Other multiples: P/B 0.9, P/S 0.9, EV/EBITDA 18.1.
How solid is the balance sheet of Brightoil Petroleum (Holdings) Ltd. (0933)?
Balance-sheet figures for Brightoil Petroleum (Holdings) Ltd. (as of Nov 14, 2026): return on equity 4.5%, debt of 0.21 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 0933 from its 52-week high?
Brightoil Petroleum (Holdings) Ltd. trades at HK$0.5250, about 25% below its 52-week high of HK$0.7000 and 94% above the low of HK$0.2700 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.7900 is for.
Which stocks are comparable to Brightoil Petroleum (Holdings) Ltd.?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & 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 Brightoil Petroleum (Holdings) Ltd. stock attractive at the current price?
The data as of Nov 14, 2026: price HK$0.5250, calculated fair value HK$0.7900 (+51%), Quality Score 55/100, from 25 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 0933 calculated?
We run Brightoil Petroleum (Holdings) Ltd. through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$0.7900 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. Brightoil Petroleum (Holdings) Ltd. currently trades 34% 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 Brightoil Petroleum (Holdings) Ltd. (0933)?
The closing price on Nov 13, 2026 was HK$0.5250. Our model-based fair value is HK$0.7900, about +51% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Brightoil Petroleum (Holdings) Ltd. right now?
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 (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (HK$0.5300 to HK$1.03) leaves room in how you read the outcome.
Key figures of Brightoil Petroleum (Holdings) Ltd.
How large is the market capitalisation of Brightoil Petroleum (Holdings) Ltd. (0933)?
The market capitalisation of Brightoil Petroleum (Holdings) Ltd. is HK$6.1B (≈ $779M). 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 Brightoil Petroleum (Holdings) Ltd. (0933)?
The price-to-sales ratio of Brightoil Petroleum (Holdings) Ltd. is 0.29 (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 Brightoil Petroleum (Holdings) Ltd. (0933)?
The net margin of Brightoil Petroleum (Holdings) Ltd. is 1.7% (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 Brightoil Petroleum (Holdings) Ltd. (0933)?
The return on equity (ROE) of Brightoil Petroleum (Holdings) Ltd. is 4.5% (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 Brightoil Petroleum (Holdings) Ltd. (0933)?
On an EBIT basis the return on assets of Brightoil Petroleum (Holdings) Ltd. is −3.1% (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 Brightoil Petroleum (Holdings) Ltd. (0933)?
The operating margin of Brightoil Petroleum (Holdings) Ltd. is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Brightoil Petroleum (Holdings) Ltd. (0933)?
Revenue at Brightoil Petroleum (Holdings) Ltd. is growing 6.4% versus a year earlier (3y avg +14.3%). 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 Brightoil Petroleum (Holdings) Ltd. (0933)?
Earnings per share at Brightoil Petroleum (Holdings) Ltd. are growing 45.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Brightoil Petroleum (Holdings) Ltd. (0933) carry?
The net debt of Brightoil Petroleum (Holdings) Ltd. is HK$3.6B (fiscal year 2026, ≈ 4.4 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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Nov 14, 2026