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Zhou Liu Fu Jewellery Co Ltd (6168) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Zhou Liu Fu Jewellery Co Ltd stock HK$2.21, price HK$11.24, that is 80.3% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

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Technology HK · Based in China · ISIN KYG2121U1067

ZL Zhou Liu Fu Jewellery Co Ltd logo Thin data Nov 7, 2026

Zhou Liu Fu Jewellery Co Ltd

6168 · HK
Very expensive, weak quality

Our calculation puts a fair price 80% below what the stock costs today.

Solidly profitable · 13.2% net margin (FY2025)
Low debt
Costs just 5.7 times its yearly profit.
Quality 47/100
Expensive Growth (revenue 5y +184.4 %/yr in CNY)
9.3% dividend yield · Watch coverage
Mixed vs. peers (5/9)
Wide moat 68/100 · thin data
Fair value HK$2.21 · Strongly overvalued
Negative free cash flow
Thin data
Extreme value
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$52.17 HK$10.11 Fair Value HK$2.21 Jun 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

16‑month range HK$10.11 – HK$52.17 · fair‑value band HK$1.77 – HK$3.06 · the HK$11.24 price screens above the HK$2.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

China U-Ton Future Space Industrial Group Holdings Ltd., an investment holding company, engages in the provision of design, deployment, and maintenance services of optical fibers primarily in the People's Republic of China.

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It operates through Optical Fibers, Communication Networks, Money Lending, and Environmentally Intelligent Technical Products and Services segments.

The company's optical fiber deployment solutions include micro-ducts and mini-cables system integration methods, as well as traditional deployment methods comprising direct burial, aerial access, conduit installation, and pipe jacking.

It also provides maintenance and repair services to fiber optic networks for telcos; and sells ancillary products, such as micro-ducts and anti-corrosive steel wires to distributors and telecommunication operators.

In addition, the company engages in the environmental surveillance and data analysis, environmental early warning and emergency command system construction, and environmental management projects; design, construction, and maintenance of communication networks; and provision of money lending services.

The company was formerly known as China U-Ton Holdings Limited and changed its name to China U-Ton Future Space Industrial Group Holdings Ltd. in 2020. China U-Ton Future Space Industrial Group Holdings Ltd. is headquartered in Shijiazhuang, the People's Republic of China.

Stock analysis

Zhou Liu Fu Jewellery Co Ltd (6168) currently trades at HK$11.24, while our model-based Fair Value estimate is HK$2.21, 80% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of HK$6.23 per share, and 0 of the 17 models we run sit above the HK$11.24 price.

Bear case: the Asset-Based group reads lowest at HK$1.44, and 17 of the 17 models stay below the price. Data coverage for this calculation is low.

Scenario range: HK$1.77 (bear) to HK$3.06 (bull), the price of HK$11.24 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 47/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Zhou Liu Fu Jewellery Co Ltd reported revenue of 5.8B CNY in FY2025 versus 59.2M CNY in FY2021, a compound +215.0%/yr. Reported net income was 770M CNY in FY2025.

Key figures

Market cap HK$4.9B (≈ $630M) Small · P/E ratio 5.7 · P/S ratio 0.76 · Dividend yield 9.3% · Net margin 13.2% · Return on assets (EBIT) 19.0% (5-year average) · Operating margin −714% · Revenue growth (YoY) −19.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).

What moves the price

The share trades about 78% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −80%, 6168 screens richer than that median.

Fair Value models

Bear HK$1.77 Fair Value HK$2.21 Bull HK$3.06
Price HK$11.24 · Downside -80.3%
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.
Best data coverage
Owner Earnings HK$1.17 HK$1.46 HK$1.82 78
Residual Income HK$1.77 HK$2.20 HK$3.06 75
EPV HK$2.97 HK$3.30 HK$3.58 74
All 17 models by family
DCF Models
Owner Earnings HK$1.17 HK$1.46 HK$1.82 78
Earnings-Based
Graham-Dodd HK$2.15 HK$6.01 HK$7.91 65
Lynch FV HK$1.21 HK$1.73 HK$2.25 61
PEG = 1.0 HK$1.21 HK$1.73 HK$2.25 57
EPV HK$2.97 HK$3.30 HK$3.58 74
Dividend Discount
Gordon GGM HK$1.21 HK$2.15 HK$2.93 68
DDM Multi-Stage HK$1.21 HK$1.79 HK$2.30 67
Multiples
P/E Multiple HK$4.98 HK$6.64 HK$8.30 63
P/S Multiple HK$3.59 HK$4.79 HK$5.98 58
P/B Multiple HK$5.88 HK$7.84 HK$9.80 55
EV/EBIT HK$5.35 HK$7.04 HK$8.72 66
EV/EBITDA HK$4.44 HK$5.82 HK$7.21 67
EV/Revenue HK$3.31 HK$4.60 HK$5.89 54
Asset-Based
NCAV (Graham) HK$0.9500 HK$1.44 HK$1.80 54
Economic Profit
Residual Income HK$1.77 HK$2.20 HK$3.06 75
ROIC Compounder HK$3.09 HK$3.59 HK$4.12 72
Growth Earnings
Growth-Adj P/E HK$3.97 HK$5.67 HK$7.38 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

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

Profitability 66
How much profit the company makes from its sales and capital
Quality Growth 29
Are margins and returns getting better?
Cashflow 9
Do the profits arrive as real cash?
Financial strength 93
Debt, balance sheet and risk of trouble
Investment 30
Does it invest with discipline instead of growing at any price?
Low Volatility 48
How calm the share price moves, does not count
Price momentum 7
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 41
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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.0%
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.
+23.4%
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.
+184.4%
Start year 2020 (pandemic). Over 10 years: +28.5% a year
Revenue growth 15 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.
+37.1%
What shareholders gained per year (last 3 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 3 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.
+18.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.0%
Dividend (yield on the price)9.3%
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.−2,273% → 17%

6168 screens overvalued: fair value 80% below the price. Compare with Cisco Systems, Inc →

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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.Communication Equipment · 303 stocks

Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −80.3% · Bottom 25%
Profitability
Return on assets 13.3% · Top 25%
Net margin (12 months) 13.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −19.3% · Bottom 25%
Dividend yield (12 months) 9.3% · Top 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Communication Equipment median · lower = cheaper

P/E (12 months) 5.7× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 57
PAST (return on equity)0 · sector 21
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)100 · sector 24

VALUE 0: the price sits above our fair-value range.

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 Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cisco Systems, Inc CSCO $93.85 $103.24 +10% vs 6168
Eoptolink Technology Inc 300502 ¥172.10 ¥189.31 +10% vs 6168
Ubiquiti Inc UI $592.84 $652.12 +10% vs 6168
Zhongji Innolight Co 300308 ¥448.00 ¥342.18 −24% vs 6168
Nokia Oyj NOKIA €6.98 €3.87 −45% vs 6168
Motorola Solutions, Inc MSI $514.51 $249.63 −51% vs 6168
Foxconn Industrial Internet Co 601138 ¥40.71 ¥13.93 −66% vs 6168
Ciena Corporation CIEN $243.39 $74.58 −69% vs 6168
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥240.00 ¥59.92 −75% vs 6168
Lumentum Holdings LITE $538.59 $85.88 −84% vs 6168

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Zhou Liu Fu Jewellery Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Zhou Liu Fu Jewellery Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6168

Frequently asked questions

Is Zhou Liu Fu Jewellery Co Ltd (6168) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of HK$2.21 versus a price of HK$11.24, about 80% lower (overvalued).
What is the fair value of 6168?
Our model-based fair value for Zhou Liu Fu Jewellery Co Ltd is HK$2.21 (as of Nov 7, 2026), built from audited fundamentals. The current price: HK$11.24.
What is the quality score of 6168?
Zhou Liu Fu Jewellery Co Ltd has a Quality Score of 47/100. 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
Our model-based price target is the fair value of HK$2.21 (as of Nov 7, 2026) from 17 valuation models. Cautious scenario HK$1.77, optimistic scenario HK$3.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhou Liu Fu Jewellery Co Ltd stock forecast for 2026?
Our models put fair value at HK$2.21, about 80% lower versus a price of HK$11.24 (overvalued). Cautious scenario HK$1.77, optimistic scenario HK$3.06. The calculation is refreshed regularly with new filings.
Does Zhou Liu Fu Jewellery Co Ltd pay a dividend?
Zhou Liu Fu Jewellery Co Ltd currently shows a dividend yield of 9.30% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Zhou Liu Fu Jewellery Co Ltd (6168)?
Zhou Liu Fu Jewellery Co Ltd pays a dividend of HK$1.05 per share a year, a dividend yield of 9.3%. The payout ratio is 50.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Zhou Liu Fu Jewellery Co Ltd (6168)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhou Liu Fu Jewellery Co Ltd it is HK$2.21 per share (as of Nov 7, 2026), against a price of HK$11.24. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Zhou Liu Fu Jewellery Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6168 trades above its calculated fair value: price HK$11.24, fair value HK$2.21, a gap of about −80% (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 6168?
No. The price is what the market pays today (HK$11.24); the fair value is what the company's own numbers justify (HK$2.21). For Zhou Liu Fu Jewellery Co Ltd the two are HK$9.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhou Liu Fu Jewellery Co Ltd worth?
The market values Zhou Liu Fu Jewellery Co Ltd at about HK$4.9B (market capitalisation, as of Nov 7, 2026). Per share that is HK$11.24; our models calculate a fair value of HK$2.21 per share.
What do the bullish and bearish scenarios say about 6168?
Our models span a range for Zhou Liu Fu Jewellery Co Ltd: cautious scenario HK$1.77, base HK$2.21, optimistic HK$3.06 per share (as of Nov 7, 2026, price HK$11.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6168?
Zhou Liu Fu Jewellery Co Ltd trades at a price-to-earnings ratio of 5.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$2.21 is built from several models across several years.
How solid is the balance sheet of Zhou Liu Fu Jewellery Co Ltd (6168)?
Balance-sheet figures for Zhou Liu Fu Jewellery Co Ltd (as of Nov 7, 2026): debt of 0.02 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 6168 from its 52-week high?
Zhou Liu Fu Jewellery Co Ltd trades at HK$11.24, about 78% below its 52-week high of HK$51.01 and 11% above the low of HK$10.11 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.21 is for.
Which stocks are comparable to Zhou Liu Fu Jewellery Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Zhou Liu Fu Jewellery Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price HK$11.24, calculated fair value HK$2.21 (−80%), Quality Score 47/100, from 17 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 6168 calculated?
We run Zhou Liu Fu Jewellery Co Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$2.21 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. Zhou Liu Fu Jewellery Co 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The closing price on Nov 6, 2026 was HK$11.24. Our model-based fair value is HK$2.21, about 80% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhou Liu Fu Jewellery Co Ltd right now?
The price sits above even our optimistic bull case (HK$3.06). The favourable scenario is already priced in. Weak quality (47/100) 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.
Where does the earnings growth of Zhou Liu Fu Jewellery Co Ltd (6168) come from?
Earnings per share at Zhou Liu Fu Jewellery Co Ltd grew +50.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +49.8 %, EBIT margin −1.0 %, tax rate −0.7 %, residual (interest, one-offs) +2.0 %. 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 Zhou Liu Fu Jewellery Co Ltd

How large is the market capitalisation of Zhou Liu Fu Jewellery Co Ltd (6168)?
The market capitalisation of Zhou Liu Fu Jewellery Co Ltd is HK$4.9B (≈ $630M). 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The price-to-sales ratio of Zhou Liu Fu Jewellery Co Ltd is 0.76 (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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The dividend yield of Zhou Liu Fu Jewellery Co Ltd is 9.3%. 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The net margin of Zhou Liu Fu Jewellery Co Ltd is 13.2% (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 EBIT return on assets of Zhou Liu Fu Jewellery Co Ltd (6168)?
On an EBIT basis the return on assets of Zhou Liu Fu Jewellery Co Ltd is 19.0% (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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The operating margin of Zhou Liu Fu Jewellery Co Ltd is −714% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhou Liu Fu Jewellery Co Ltd (6168)?
Revenue at Zhou Liu Fu Jewellery Co Ltd is growing −19.3% versus a year earlier (3y avg +23.4%). 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 Zhou Liu Fu Jewellery Co Ltd (6168) generate?
The free cash flow of Zhou Liu Fu Jewellery Co Ltd is −60.3M 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 Zhou Liu Fu Jewellery Co Ltd (6168) hold?
Zhou Liu Fu Jewellery Co Ltd holds more cash than debt, 713M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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