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Sky Light Holdings Ltd (3882) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Sky Light Holdings Ltd stock HK$0.43, price HK$0.80, that is 45.7% below the price, quality 37 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials HK · Based in China · ISIN KYG8191M1069

SL Sky Light Holdings Ltd logo Thin data Nov 10, 2026

Sky Light Holdings Ltd

3882 · HK
Very expensive, weak quality

Our calculation puts a fair price 46% below what the stock costs today.

Negative equity (buybacks among others)
Revenue last quarter 10% below a year ago.
Fair value HK$0.4346 · Strongly overvalued
Quality 37/100
Weak Growth (revenue 5y −7.9 %/yr in HKD)
Loss-making · -17.1% net margin (TTM)
Negative free cash flow
Trails peers (0/7)
Narrow moat 12/100
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

HK$1.69 HK$0.1200 Fair Value HK$0.4346 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range HK$0.1200 – HK$1.69 · fair‑value band HK$0.3260 – HK$0.5433 · the HK$0.8000 price screens above the HK$0.4346 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Sky Light Holdings Limited, an investment holding company, manufactures and distributes home surveillance cameras, digital imaging products, and other related products in the United States, Mainland China, the European Union, Hong Kong, and internationally.

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It offers digital imaging products, such as 4K 360-degree VR camera solution, dash cameras, body worn cameras, and action cameras; and home imaging products, including smart IP cameras, video doorbell, and smart baby monitors, as well as video analytics solutions for facial recognition, baby sleep care, baby smile detection, and people detection and route tracking.

The company was founded in 2000 and is headquartered in Shenzhen, the People's Republic of China.

Stock analysis

Sky Light Holdings Ltd (3882) currently trades at HK$0.8000, while our estimate is HK$0.4346, 46% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: HK$0.3260 (bear) to HK$0.5433 (bull), the price of HK$0.8000 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 37/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Sky Light Holdings Ltd reported revenue of HK$289M in FY2025 versus HK$715M in FY2021, a compound −20.3%/yr. Reported net income was −HK$39.2M in FY2025.

Key figures

Market cap HK$807M (≈ $103M) Micro · P/S ratio 1.83 · Net margin −13.6% · Return on equity −266% · Return on assets (EBIT) −13.4% (5-year average) · Operating margin −12.4% · Revenue (TTM) HK$275M · Revenue growth (YoY) −10.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 5% below its 52-week high and 105% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 2% fair-value upside, at −46%, 3882 screens richer than that median.

Fair Value

Bear HK$0.3260 Fair Value HK$0.4346 Bull HK$0.5433
Price HK$0.8000 · Downside -45.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 23
How much profit the company makes from its sales and capital
Quality Growth 53
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 19
Debt, balance sheet and risk of trouble
Investment 88
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 67
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 67
Distance to the 52-week high, does not count
New shares 80
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.5%
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.
−11.5%
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.
−7.9%
Start year 2020 (pandemic). Over 10 years: −20.1% a year
Revenue growth 13 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.
−12.6%
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.
−16.7% (2020) → −8.0% (2025)
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

3882 screens overvalued: fair value 46% below the price. Compare with Allegion plc →

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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.Security & Protection Services · 115 stocks

Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −45.7% · Bottom 25%
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −13.9% · Bottom 25%
Net margin (12 months) −17.1% · Bottom 25%
Operating margin (12 months) −12.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −10.2% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Security & Protection Services median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 2.93× · Pricier than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Zhejiang Dahua Technology Co 002236 ¥14.36 ¥32.12 +124% vs 3882
ADT Inc ADT $9.90 $10.67 +8% vs 3882
Brady Corporation BRC $80.00 $84.37 +5% vs 3882
The Brink's Company BCO $116.60 $121.16 +4% vs 3882
S-1 Corporation 012750 98,100 KRW 99,629 KRW +2% vs 3882
Loomis AB LOOMIS kr 517.50 kr 496.43 −4% vs 3882
MSA Safety Incorporated MSA $175.24 $121.81 −30% vs 3882
Allegion plc ALLE $189.49 $129.15 −32% vs 3882
CoreCivic, Inc CXW $31.59 $18.76 −41% vs 3882
The GEO Group GEO $31.94 $13.08 −59% vs 3882

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Sky Light Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sky Light Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3882

Frequently asked questions

Is Sky Light Holdings Ltd (3882) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is HK$0.4346 versus a price of HK$0.8000, about 46% lower (overvalued).
What is the fair value of 3882?
Our estimate for Sky Light Holdings Ltd is HK$0.4346 (as of Nov 10, 2026), built from audited fundamentals. The current price: HK$0.8000.
What is the quality score of 3882?
Sky Light Holdings Ltd has a Quality Score of 37/100. 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 Sky Light Holdings Ltd (3882)?
Our calculated price target is the estimate of HK$0.4346 (as of Nov 10, 2026). Cautious scenario HK$0.3260, optimistic scenario HK$0.5433. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Sky Light Holdings Ltd stock forecast for 2026?
Our estimate puts fair value at HK$0.4346, about 46% lower versus a price of HK$0.8000 (overvalued). Cautious scenario HK$0.3260, optimistic scenario HK$0.5433. The calculation is refreshed regularly with new filings.
What is the revenue of Sky Light Holdings Ltd (3882)?
Sky Light Holdings Ltd reported trailing-twelve-month revenue of about HK$275M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Sky Light Holdings Ltd (3882)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sky Light Holdings Ltd it is HK$0.4346 per share (as of Nov 10, 2026), against a price of HK$0.8000.
Is Sky Light Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 3882 trades above its calculated fair value: price HK$0.8000, fair value HK$0.4346, a gap of about −46% (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 3882?
No. The price is what the market pays today (HK$0.8000); the fair value is what the company's own numbers justify (HK$0.4346). For Sky Light Holdings Ltd the two are HK$0.3654 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sky Light Holdings Ltd worth?
The market values Sky Light Holdings Ltd at about HK$807M (market capitalisation, as of Nov 10, 2026). Per share that is HK$0.8000; our models calculate a fair value of HK$0.4346 per share.
What do the bullish and bearish scenarios say about 3882?
Our models span a range for Sky Light Holdings Ltd: cautious scenario HK$0.3260, base HK$0.4346, optimistic HK$0.5433 per share (as of Nov 10, 2026, price HK$0.8000). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sky Light Holdings Ltd (3882)?
Balance-sheet figures for Sky Light Holdings Ltd (as of Nov 10, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 3882 from its 52-week high?
Sky Light Holdings Ltd trades at HK$0.8000, about 5% below its 52-week high of HK$0.8400 and 105% above the low of HK$0.3900 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.4346 is for.
Which stocks are comparable to Sky Light Holdings Ltd?
From the same area (Industrials) we also value Allegion plc, ADT Inc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, 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 Sky Light Holdings Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price HK$0.8000, calculated fair value HK$0.4346 (−46%), Quality Score 37/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Sky Light 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 Sky Light Holdings Ltd (3882)?
The closing price on Nov 10, 2026 was HK$0.8000. Our estimate is HK$0.4346, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sky Light Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$0.5433). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Sky Light Holdings Ltd

How large is the market capitalisation of Sky Light Holdings Ltd (3882)?
The market capitalisation of Sky Light Holdings Ltd is HK$807M (≈ $103M). 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 Sky Light Holdings Ltd (3882)?
The price-to-sales ratio of Sky Light Holdings Ltd is 1.83 (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 Sky Light Holdings Ltd (3882)?
The net margin of Sky Light Holdings Ltd is −13.6% (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 Sky Light Holdings Ltd (3882)?
The return on equity (ROE) of Sky Light Holdings Ltd is −266% (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 Sky Light Holdings Ltd (3882)?
On an EBIT basis the return on assets of Sky Light Holdings Ltd is −13.4% (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 Sky Light Holdings Ltd (3882)?
The operating margin of Sky Light Holdings Ltd is −12.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sky Light Holdings Ltd (3882)?
Revenue at Sky Light Holdings Ltd is growing −10.2% versus a year earlier (3y avg −11.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Sky Light Holdings Ltd (3882) generate?
The free cash flow of Sky Light Holdings Ltd is −HK$39.1M (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 Sky Light Holdings Ltd (3882) carry?
The net debt of Sky Light Holdings Ltd is HK$49.0M (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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