Ulferts International (1711) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Ulferts International stock HK$0.22, price HK$0.16, upside +37.5%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 7 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$0.0560 – HK$0.4540 · fair‑value band HK$0.1600 – HK$0.3000 · the HK$0.1600 price screens below the HK$0.2200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Ulferts International Limited, an investment holding company, engages in the retail and wholesale of furniture and special projects in Hong Kong.
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The company's products include mattresses, pillows, sofas, sofa beds, beds, cabinets, dining tables, chairs, wardrobes, coffee tables, and sideboards, as well as other ancillary items under the Ulfenbo, Ulferts Signature, and Ulferts brand name, as well as himolla, Gamma, MIDJ, egoitaliano, and MALERBA brand name through specialty stores, department store counter and wholesale channel.
It also provides compact furniture and home accessories to suit small living spaces under the at.home brand name; planning, design, procuring, and installation services of custom-made furniture for corporate customers, as well as group tenancy agency and liaison services with furniture manufacturers.
The company operates points-of-sale under the Ulferts Signature, Ulferts, at.home, Ulfenbo, and Slumberland names. Ulferts International Limited was founded in 1975 and is based in Wan Chai, Hong Kong. Ulferts International Limited is a subsidiary of Ulferts International Group Holdings Limited.
Stock analysis
Ulferts International (1711) currently trades at HK$0.1600, while our model-based Fair Value estimate is HK$0.2200, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$0.2300 per share, and 6 of the 7 models we run sit above the HK$0.1600 price.
Bear case: the Asset-Based group reads lowest at HK$0.0300, and 1 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.1600 (bear) to HK$0.3000 (bull), the price of HK$0.1600 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 67/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Ulferts International reported revenue of HK$137M in FY2026 versus HK$225M in FY2022, a compound −11.7%/yr. Reported net income was −HK$1.7M in FY2026.
Key figures
Market cap HK$128M (≈ $16.3M) Micro · P/S ratio 1.04 · Net margin −1.3% · Return on equity −7.5% · Return on assets (EBIT) −10.0% (5-year average) · Operating margin 0.4% · Revenue (TTM) HK$137M · Revenue growth (YoY) −4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 38%, 1711 screens cheaper than that median.
Fair Value models
BearHK$0.1600Fair Value HK$0.2200BullHK$0.3000
Price HK$0.1600 · Upside +37.5%
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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−10.4%
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.
−14.1%
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.
−10.2%
Start year 2021 (pandemic). Over 10 years: −4.2% a year
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.
−2.5%
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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.
4.9% (2021) → −1.6% (2026)
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).
−6.3%
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 −8.2% 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.Specialty Retail · 216 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+37.5% · Above median
Profitability
Return on assets−2.7% · Bottom 25%
Net margin (12 months)−1.3% · Bottom 25%
Operating margin (12 months)0.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)−4.5% · Bottom 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
P/B5.83× · Priciest 25%
P/S (12 months)0.93× · Pricier than median
Price / free cash flow (fiscal year)11.0× · Pricier than median
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). "Ulferts International Fair Value". https://www.fairvalue-calculator.com/stock/1711
Frequently asked questions
Is Ulferts International (1711) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of HK$0.2200 versus a price of HK$0.1600, about +38% upside (undervalued).
What is the fair value of 1711?
Our model-based fair value for Ulferts International is HK$0.2200 (as of Nov 12, 2026), built from audited fundamentals. The current price: HK$0.1600.
What is the quality score of 1711?
Ulferts International has a Quality Score of 67/100. 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 Ulferts International (1711)?
Our model-based price target is the fair value of HK$0.2200 (as of Nov 12, 2026) from 7 valuation models. Cautious scenario HK$0.1600, optimistic scenario HK$0.3000. It is a calculation from audited fundamentals, not an analyst target.
What is the Ulferts International stock forecast for 2026?
Our models put fair value at HK$0.2200, about +38% upside versus a price of HK$0.1600 (undervalued). Cautious scenario HK$0.1600, optimistic scenario HK$0.3000. The calculation is refreshed regularly with new filings.
What is the revenue of Ulferts International (1711)?
Ulferts International reported trailing-twelve-month revenue of about HK$137M (latest available figure, as of Nov 12, 2026).
What growth is priced into Ulferts International (1711)?
For today's price to be fair in a discounted-cash-flow model, Ulferts International would have to grow free cash flow by -6.3 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.2 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of 1711 use?
Our models discount Ulferts International at 9.0 %: a base by market capitalisation (nano), damped by beta 0.42, 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 Ulferts International that is -6.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Ulferts International (1711) delivered so far?
Over the past 5 years revenue at Ulferts International grew -10.2 % a year. The price currently implies free-cash-flow growth of -6.3 % 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 Ulferts International (1711) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Ulferts International (-6.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ulferts International (1711)?
The free-cash-flow yield on the price is 9.10 %: that much free cash flow Ulferts International produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ulferts International (1711)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ulferts International it is HK$0.2200 per share (as of Nov 12, 2026), against a price of HK$0.1600. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Ulferts International stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 1711 trades below its calculated fair value: price HK$0.1600, fair value HK$0.2200, a gap of about +38% (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 1711?
No. The price is what the market pays today (HK$0.1600); the fair value is what the company's own numbers justify (HK$0.2200). For Ulferts International the two are HK$0.0600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ulferts International worth?
The market values Ulferts International at about HK$128M (market capitalisation, as of Nov 12, 2026). Per share that is HK$0.1600; our models calculate a fair value of HK$0.2200 per share.
What do the bullish and bearish scenarios say about 1711?
Our models span a range for Ulferts International: cautious scenario HK$0.1600, base HK$0.2200, optimistic HK$0.3000 per share (as of Nov 12, 2026, price HK$0.1600). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ulferts International (1711)?
Balance-sheet figures for Ulferts International (as of Nov 12, 2026): return on equity −7.5%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 1711 from its 52-week high?
Ulferts International trades at HK$0.1600, about 20% below its 52-week high of HK$0.2000 and 62% above the low of HK$0.0990 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2200 is for.
Which stocks are comparable to Ulferts International?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, Inc, 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 Ulferts International stock attractive at the current price?
The data as of Nov 12, 2026: price HK$0.1600, calculated fair value HK$0.2200 (+38%), Quality Score 67/100, from 7 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 1711 calculated?
We run Ulferts International through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of HK$0.2200 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 14.0% above its aggregate fair value. Ulferts International currently trades 27% 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 Ulferts International (1711)?
The closing price on Nov 12, 2026 was HK$0.1600. Our model-based fair value is HK$0.2200, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ulferts International 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 (67/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (HK$0.1600 to HK$0.3000) leaves room in how you read the outcome.
Key figures of Ulferts International
How large is the market capitalisation of Ulferts International (1711)?
The market capitalisation of Ulferts International is HK$128M (≈ $16.3M). 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 Ulferts International (1711)?
The price-to-sales ratio of Ulferts International is 1.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Ulferts International (1711)?
The net margin of Ulferts International is −1.3% (last twelve months). 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 Ulferts International (1711)?
The return on equity (ROE) of Ulferts International is −7.5% (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 Ulferts International (1711)?
On an EBIT basis the return on assets of Ulferts International is −10.0% (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 Ulferts International (1711)?
The operating margin of Ulferts International is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ulferts International (1711)?
Revenue at Ulferts International is growing −4.5% versus a year earlier (3y avg −14.1%). 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 Ulferts International (1711)?
Earnings per share at Ulferts International are growing −9.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ulferts International (1711) hold?
Ulferts International holds more cash than debt, HK$19.0M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 12, 2026