Wison Engineering Services Co Ltd (2236) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Wison Engineering Services Co Ltd stock HK$0.57, price HK$0.38, upside +50.0%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 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 6, 2026.
How to read this chart
60‑month range HK$0.1410 – HK$0.7400 · fair‑value band HK$0.5200 – HK$0.7200 · the HK$0.3800 price screens below the HK$0.5700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Wison Engineering Services Co. Ltd., an investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.
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It operates through Engineering, Procurement and Construction; and Engineering, Consulting and Technical Services segments.
The company offers integrated services, including feasibility studies; consulting; proprietary technologies; design, engineering, and raw materials and equipment procurement; construction management; and maintenance and after-sale technical support services.
It is also involved in the import, export, and sale of equipment and parts.
The company was formerly known as Wison Energy Services Co. Ltd. and changed its name to Wison Engineering Services Co. Ltd. Wison Engineering Services Co. Ltd. was founded in 1997 and is based in Shanghai, the People's Republic of China.
The company operates as a subsidiary of Wison Engineering Investment Limited.
Stock analysis
Wison Engineering Services Co Ltd (2236) currently trades at HK$0.3800, while our model-based Fair Value estimate is HK$0.5700, implying the stock looks roughly 33% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.8700 per share, and 15 of the 15 models we run sit above the HK$0.3800 price.
Bear case: the Earnings-Based group reads lowest at HK$0.5250, and 0 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.5200 (bear) to HK$0.7200 (bull), the price of HK$0.3800 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 50/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wison Engineering Services Co Ltd reported revenue of 7.6B CNY in FY2025 versus 6.3B CNY in FY2021, a compound +4.9%/yr. Reported net income was 142M CNY in FY2025.
Key figures
Market cap HK$1.5B (≈ $198M) Micro · P/E ratio 22.3 · P/S ratio 0.42 · Net margin 1.5% · Return on equity 3.3% · Return on assets (EBIT) −5.4% (5-year average) · Operating margin −0.5% · Revenue (TTM) 6.2B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 50%, 2236 screens cheaper than that median.
Fair Value models
BearHK$0.5200Fair Value HK$0.5700BullHK$0.7200
Price HK$0.3800 · Upside +50.0%
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.43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+34.7%
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.
+17.7%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 16 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.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.9%
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.22.9% vs −2.3%, picking up
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.−7% → 1%
Compare Wison Engineering Services Co 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.Engineering & Construction · 791 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+44.3% · Above median
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets1.4% · Below median
Net margin (12 months)1.5% · Below median
Operating margin (12 months)−0.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−37.6% · Bottom 25%
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Engineering & Construction 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). "Wison Engineering Services Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2236
Frequently asked questions
Is Wison Engineering Services Co Ltd (2236) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of HK$0.5700 versus a price of HK$0.3800, about +50% upside (undervalued).
What is the fair value of 2236?
Our model-based fair value for Wison Engineering Services Co Ltd is HK$0.5700 (as of Nov 6, 2026), built from audited fundamentals. The current price: HK$0.3800.
What is the quality score of 2236?
Wison Engineering Services Co Ltd has a Quality Score of 50/100. 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 Wison Engineering Services Co Ltd (2236)?
Our model-based price target is the fair value of HK$0.5700 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario HK$0.5200, optimistic scenario HK$0.7200. It is a calculation from audited fundamentals, not an analyst target.
What is the Wison Engineering Services Co Ltd stock forecast for 2026?
Our models put fair value at HK$0.5700, about +50% upside versus a price of HK$0.3800 (undervalued). Cautious scenario HK$0.5200, optimistic scenario HK$0.7200. The calculation is refreshed regularly with new filings.
What is the revenue of Wison Engineering Services Co Ltd (2236)?
Wison Engineering Services Co Ltd reported trailing-twelve-month revenue of about 6.2B CNY (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Wison Engineering Services Co Ltd (2236)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wison Engineering Services Co Ltd it is HK$0.5700 per share (as of Nov 6, 2026), against a price of HK$0.3800. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Wison Engineering Services Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2236 trades below its calculated fair value: price HK$0.3800, fair value HK$0.5700, a gap of about +50% (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 2236?
No. The price is what the market pays today (HK$0.3800); the fair value is what the company's own numbers justify (HK$0.5700). For Wison Engineering Services Co Ltd the two are HK$0.1900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wison Engineering Services Co Ltd worth?
The market values Wison Engineering Services Co Ltd at about HK$1.5B (market capitalisation, as of Nov 6, 2026). Per share that is HK$0.3800; our models calculate a fair value of HK$0.5700 per share.
What do the bullish and bearish scenarios say about 2236?
Our models span a range for Wison Engineering Services Co Ltd: cautious scenario HK$0.5200, base HK$0.5700, optimistic HK$0.7200 per share (as of Nov 6, 2026, price HK$0.3800). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2236?
Wison Engineering Services Co Ltd trades at a price-to-earnings ratio of 22.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.5700 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.2.
How solid is the balance sheet of Wison Engineering Services Co Ltd (2236)?
Balance-sheet figures for Wison Engineering Services Co Ltd (as of Nov 6, 2026): return on equity 3.3%, debt of 0.20 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 2236 from its 52-week high?
Wison Engineering Services Co Ltd trades at HK$0.3800, about 49% below its 52-week high of HK$0.7400 and 13% above the low of HK$0.3350 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.5700 is for.
Which stocks are comparable to Wison Engineering Services Co Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 Wison Engineering Services Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price HK$0.3800, calculated fair value HK$0.5700 (+50%), Quality Score 50/100, from 15 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 2236 calculated?
We run Wison Engineering Services Co Ltd through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$0.5700 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 13.3% above its aggregate fair value. Wison Engineering Services Co Ltd currently trades 33% 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 Wison Engineering Services Co Ltd (2236)?
The closing price on Nov 9, 2026 was HK$0.3800. Our model-based fair value is HK$0.5700, about +50% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wison Engineering Services Co Ltd right now?
The price is below even our cautious bear case (HK$0.5200). The market is more pessimistic than our downside scenario. 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 (50/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Wison Engineering Services Co Ltd
How large is the market capitalisation of Wison Engineering Services Co Ltd (2236)?
The market capitalisation of Wison Engineering Services Co Ltd is HK$1.5B (≈ $198M). 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 Wison Engineering Services Co Ltd (2236)?
The price-to-sales ratio of Wison Engineering Services Co Ltd is 0.42 (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 Wison Engineering Services Co Ltd (2236)?
The net margin of Wison Engineering Services Co Ltd is 1.5% (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 Wison Engineering Services Co Ltd (2236)?
The return on equity (ROE) of Wison Engineering Services Co Ltd is 3.3% (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 Wison Engineering Services Co Ltd (2236)?
On an EBIT basis the return on assets of Wison Engineering Services Co Ltd is −5.4% (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 Wison Engineering Services Co Ltd (2236)?
The operating margin of Wison Engineering Services Co Ltd is −0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wison Engineering Services Co Ltd (2236)?
Revenue at Wison Engineering Services Co Ltd is growing −37.6% versus a year earlier (3y avg +17.7%). 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 Wison Engineering Services Co Ltd (2236)?
Earnings per share at Wison Engineering Services Co Ltd are growing −68.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wison Engineering Services Co Ltd (2236) generate?
The free cash flow of Wison Engineering Services Co Ltd is −966M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Wison Engineering Services Co Ltd (2236) hold?
Wison Engineering Services Co Ltd holds more cash than debt, 1.3B CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026