Kingboard Laminates Holdings Ltd (1888) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Kingboard Laminates Holdings Ltd stock HK$6.37, price HK$37.32, that is 82.9% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range HK$4.35 – HK$104.20 · fair‑value band HK$4.90 – HK$7.34 · the HK$37.32 price screens above the HK$6.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Kingboard Laminates Holdings Limited, an investment holding company, engages in the manufacture and sale of laminates in the People's Republic of China, Europe, other Asian countries, and the United States. It operates through Laminates, Properties, and Investments segments.
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The company offers glass epoxy and paper laminates.
It also provides upstream component materials, such as copper foils, glass yarns, glass fabrics, bleached kraft papers, epoxy resins, kraft papers for copper-clad laminates, and PVB. In addition, it sells and rents properties; trades in copper; and provides hotel accommodation services.
Further, the company manufactures and distributes chemicals; electronic special materials; and specialty resins. Its investment property portfolio comprises commercial, residential, and industrial properties. The company was founded in 1988 and is headquartered in Sha Tin, Hong Kong.
Kingboard Laminates Holdings Limited operates as a subsidiary of Jamplan (BVI) Limited.
Stock analysis
Kingboard Laminates Holdings Ltd (1888) currently trades at HK$37.32, while our model-based Fair Value estimate is HK$6.37, 83% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$17.85 per share, and 0 of the 16 models we run sit above the HK$37.32 price.
Bear case: the Asset-Based group reads lowest at HK$2.03, and 16 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$4.90 (bear) to HK$7.34 (bull), the price of HK$37.32 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 63/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kingboard Laminates Holdings Ltd reported revenue of HK$20.4B in FY2025 versus HK$28.8B in FY2021, a compound −8.3%/yr. Reported net income was HK$2.4B in FY2025, compounding −22.5%/yr from FY2021.
Key figures
Market cap HK$119B (≈ $15.1B) Large · P/E ratio 26.8 · P/S ratio 3.21 · Dividend yield 1.2% · Net margin 12.0% · Return on equity 26.4% · Return on assets (EBIT) 13.7% · Operating margin 26.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 257% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −18% fair-value upside, at −83%, 1888 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (HK$2.03 to HK$21.70). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
BearHK$4.90Fair Value HK$6.37BullHK$7.34
Price HK$37.32 · Downside -82.9%
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.0%
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.
−3.0%
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.
+3.4%
Start year 2020 (pandemic). Over 10 years: +4.8% a year
Revenue growth 22 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.
+9.1%
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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. Basis: EBIT basis.
≈ −4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.7%
Dividend (yield on the price)1.2%
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.−2.8% vs 6.3%, slowing
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.21% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 84% above its own trend.
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Vertical integration across laminates and upstream materials like fiberglass fabric offers a supply edge, while negative free cash flow despite positive net income reveals weak cash conversion as the core weakness.
Main risk: Specialized Taiwanese manufacturers such as Elite Material could secure more design wins in high-speed AI laminates and erode Kingboard's position in the premium segment.
Bull case: Kingboard could leverage its vertical integration across upstream materials to secure more AI-related qualifications and defend margins against specialist rivals.
Bear case: If Taiwanese competitors accelerate qualification in ultra-high-speed grades or new substrate technologies gain traction, Kingboard might lose share in higher-margin AI laminates and face sustained price pressure.
Kingboard Laminates runs a vertically integrated model that covers laminates and key upstream materials like fiberglass fabric. Recent approval of higher annual caps for connected transactions with the group signals expectations of rising volumes in those areas. Our models see it as overvalued. Does the edge from integration and supply constraints deliver steadier returns than exposure to swings in electronics demand?
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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.Electronic Components · 649 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−82.9% · Bottom 25%
Profitability
Return on equity (12 months)26.4% · Top 25%
Return on assets9.6% · Top 25%
Net margin (12 months)17.1% · Top 25%
Operating margin (12 months)26.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)55.4% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)26.8× · Cheaper than median
P/B7.26× · Priciest 25%
P/S (12 months)4.61× · Priciest 25%
EV/EBITDA18.4× · Pricier than median
PEG1.87× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 68
PAST (return on equity)100· sector 28
HEALTH (low debt)98· sector 95
DIVIDEND (yield)24· sector 26
VALUE 0: the price sits above our fair-value range.
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.
Is Kingboard Laminates Holdings Ltd (1888) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of HK$6.37 versus a price of HK$37.32, about 83% lower (overvalued).
What is the fair value of 1888?
Our model-based fair value for Kingboard Laminates Holdings Ltd is HK$6.37 (as of Nov 4, 2026), built from audited fundamentals. The current price: HK$37.32.
What is the quality score of 1888?
Kingboard Laminates Holdings Ltd has a Quality Score of 63/100. 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 Kingboard Laminates Holdings Ltd (1888)?
Our model-based price target is the fair value of HK$6.37 (as of Nov 4, 2026) from 16 valuation models. Cautious scenario HK$4.90, optimistic scenario HK$7.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Kingboard Laminates Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$6.37, about 83% lower versus a price of HK$37.32 (overvalued). Cautious scenario HK$4.90, optimistic scenario HK$7.34. The calculation is refreshed regularly with new filings.
What is the revenue of Kingboard Laminates Holdings Ltd (1888)?
Kingboard Laminates Holdings Ltd reported trailing-twelve-month revenue of about HK$25.7B (latest available figure, as of Nov 4, 2026).
Does Kingboard Laminates Holdings Ltd pay a dividend?
Kingboard Laminates Holdings Ltd currently shows a dividend yield of 1.21% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of Kingboard Laminates Holdings Ltd (1888)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kingboard Laminates Holdings Ltd it is HK$6.37 per share (as of Nov 4, 2026), against a price of HK$37.32. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Kingboard Laminates Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 1888 trades above its calculated fair value: price HK$37.32, fair value HK$6.37, a gap of about −83% (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 1888?
No. The price is what the market pays today (HK$37.32); the fair value is what the company's own numbers justify (HK$6.37). For Kingboard Laminates Holdings Ltd the two are HK$30.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kingboard Laminates Holdings Ltd worth?
The market values Kingboard Laminates Holdings Ltd at about HK$119B (market capitalisation, as of Nov 4, 2026). Per share that is HK$37.32; our models calculate a fair value of HK$6.37 per share.
What do the bullish and bearish scenarios say about 1888?
Our models span a range for Kingboard Laminates Holdings Ltd: cautious scenario HK$4.90, base HK$6.37, optimistic HK$7.34 per share (as of Nov 4, 2026, price HK$37.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1888?
Kingboard Laminates Holdings Ltd trades at a price-to-earnings ratio of 26.8 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$6.37 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 13.2. Other multiples: PEG 1.9, P/B 7.3, P/S 4.6, EV/EBITDA 18.4.
What is the PEG ratio of 1888?
The PEG ratio of Kingboard Laminates Holdings Ltd is 1.87 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kingboard Laminates Holdings Ltd (1888)?
Balance-sheet figures for Kingboard Laminates Holdings Ltd (as of Nov 4, 2026): return on equity 26.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 1888 from its 52-week high?
Kingboard Laminates Holdings Ltd trades at HK$37.32, about 64% below its 52-week high of HK$104.20 and 257% above the low of HK$10.46 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of HK$6.37 is for.
Which stocks are comparable to Kingboard Laminates Holdings Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Kingboard Laminates Holdings Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price HK$37.32, calculated fair value HK$6.37 (−83%), Quality Score 63/100, from 16 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 1888 calculated?
We run Kingboard Laminates Holdings Ltd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$6.37, 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 15.0% above its aggregate fair value. Kingboard Laminates Holdings 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 Kingboard Laminates Holdings Ltd (1888)?
The closing price on Nov 4, 2026 was HK$37.32. Our model-based fair value is HK$6.37, about 83% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kingboard Laminates Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$7.34). The favourable scenario is already priced in. 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 (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Kingboard Laminates Holdings Ltd (1888) come from?
Earnings per share at Kingboard Laminates Holdings Ltd grew −4.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.8 %, EBIT margin −1.1 %, tax rate −1.2 %, residual (interest, one-offs) −4.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kingboard Laminates Holdings Ltd
How large is the market capitalisation of Kingboard Laminates Holdings Ltd (1888)?
The market capitalisation of Kingboard Laminates Holdings Ltd is HK$119B (≈ $15.1B). 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 Kingboard Laminates Holdings Ltd (1888)?
The price-to-sales ratio of Kingboard Laminates Holdings Ltd is 3.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Kingboard Laminates Holdings Ltd (1888)?
The dividend yield of Kingboard Laminates Holdings Ltd is 1.2%. 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 net margin of Kingboard Laminates Holdings Ltd (1888)?
The net margin of Kingboard Laminates Holdings Ltd is 12.0% (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 Kingboard Laminates Holdings Ltd (1888)?
The return on equity (ROE) of Kingboard Laminates Holdings Ltd is 26.4% (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 Kingboard Laminates Holdings Ltd (1888)?
On an EBIT basis the return on assets of Kingboard Laminates Holdings Ltd is 13.7% (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 Kingboard Laminates Holdings Ltd (1888)?
The operating margin of Kingboard Laminates Holdings Ltd is 26.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kingboard Laminates Holdings Ltd (1888)?
Revenue at Kingboard Laminates Holdings Ltd is growing +55.4% versus a year earlier (3y avg −3.0%). 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 Kingboard Laminates Holdings Ltd (1888)?
Earnings per share at Kingboard Laminates Holdings Ltd are growing +204% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kingboard Laminates Holdings Ltd (1888) generate?
The free cash flow of Kingboard Laminates Holdings Ltd is −HK$74.8M (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 Kingboard Laminates Holdings Ltd (1888) carry?
The net debt of Kingboard Laminates Holdings Ltd is HK$3.0B (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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Thin data
Nov 4, 2026