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Viva China Holdings Ltd (8032) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Viva China Holdings Ltd stock HK$0.19, price HK$0.49, that is 61.2% below the price, quality 42 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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Consumer Cyclical HK · ISIN KYG9374E1199

VC Viva China Holdings Ltd logo Thin data Nov 7, 2026

Viva China Holdings Ltd

8032 · HK
Very expensive, weak quality

Our calculation puts a fair price 61% below what the stock costs today.

Low debt
Quality 42/100
Mixed Growth (revenue 3y +122.7 %/yr in HKD)
Thin margins · 9.3% net margin (TTM)
Fair value HK$0.1900 · Strongly overvalued
Negative free cash flow
Trails peers (5/13)
Narrow moat 38/100 · thin data
Thin data
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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

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

Price vs Fair Value

HK$1.83 HK$0.2700 Fair Value HK$0.1900 Jun 2021 Nov 2026

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

How to read this chart

60‑month range HK$0.2700 – HK$1.83 · fair‑value band HK$0.1600 – HK$0.2400 · the HK$0.4900 price screens above the HK$0.1900 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

Viva Goods Company Limited, an investment holding company, provides apparel and footwear in the United Kingdom, the Republic of Ireland, America, the People's Republic of China, Asia, Europe, the Middle East, and Africa.

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It operates in two segments, Multi-Brand Apparel and Footwear, and Sports Experience.

The Multi-Brand Apparel and Footwear segment engages in the in design and development, branding, and sales of sports and lifestyle consumables under the Clarks, bossini.X, LNG, Amedeo Testoni, NEIZHUANG, LI-NING, and Double Happiness brands.

The Sports Experience segment is involved in the management and operation of sports parks, sports centers, and ice-skating rinks, as well as e-sports clubs; coordination of sports events; and provision of sports-related marketing services.

The company also retails and distributes garments; and offers sports talent management, competition and event production and management, sports-related consultancy, and property holding and letting services.

In addition, it engages in production and distribution of sports content; management and marketing of sports talents; manufacturing shoes; and sale of footwear and leather goods.

The company was formerly known as Viva China Holdings Limited and changed its name to Viva Goods Company Limited in May 2023. Viva Goods Company Limited was incorporated in 2000 and is headquartered in Tseung Kwan O, Hong Kong.

Stock analysis

Viva China Holdings Ltd (8032) currently trades at HK$0.4900, while our model-based Fair Value estimate is HK$0.1900, 61% 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$0.9000 per share, and 6 of the 17 models we run sit above the HK$0.4900 price.

Bear case: the Asset-Based group reads lowest at HK$0.1100, and 11 of the 17 models stay below the price. Data coverage for this calculation is low.

Scenario range: HK$0.1600 (bear) to HK$0.2400 (bull), the price of HK$0.4900 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 42/100 (below-average quality), in the Consumer Cyclical sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Viva China Holdings Ltd reported revenue of HK$6.9B in FY2022 versus HK$1.1B in FY2018, a compound +57.0%/yr. Reported net income was HK$850M in FY2022, compounding +82.3%/yr from FY2018. FY2018 was a trough year, so the rate overstates the trend.

Key figures

Market cap HK$14.3B (≈ $1.8B) Small · P/E ratio 18.4 · P/S ratio 1.50 · EPS (TTM) HK$0.0800 · Net margin 9.3% · Return on equity 10.2% · Return on assets (EBIT) 4.0% (5-year average) · Operating margin −0.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 29% below its 52-week high and 81% 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 −61%, 8032 screens richer than that median.

Fair Value models

Bear HK$0.1600 Fair Value HK$0.1900 Bull HK$0.2400
Price HK$0.4900 · Downside -61.2%
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
EPV HK$0.0600 HK$0.0600 HK$0.0600 74
Residual Income HK$0.1600 HK$0.1700 HK$0.2200 74
Owner Earnings HK$0.3600 HK$0.6900 HK$1.33 70
All 17 models by family
DCF Models
Owner Earnings HK$0.3600 HK$0.6900 HK$1.33 70
Earnings-Based
Graham-Dodd HK$0.1300 HK$0.9200 HK$1.29 61
Lynch FV HK$0.4700 HK$0.6800 HK$0.8800 59
PEG = 1.0 HK$0.4700 HK$0.6800 HK$0.8800 55
EPV HK$0.0600 HK$0.0600 HK$0.0600 74
Dividend Discount
Gordon GGM HK$0.0100 HK$0.0200 HK$0.0200 67
DDM Multi-Stage HK$0.0100 HK$0.0100 HK$0.0200 63
Multiples
P/E Multiple HK$0.3200 HK$0.4300 HK$0.5300 63
P/S Multiple HK$0.1400 HK$0.1900 HK$0.2400 58
P/B Multiple HK$0.5100 HK$0.6700 HK$0.8400 55
EV/EBIT HK$0.0200 HK$0.0200 HK$0.0200 66
EV/EBITDA HK$0.1200 HK$0.1500 HK$0.1900 67
EV/Revenue HK$0.0200 HK$0.0200 HK$0.0200 54
Asset-Based
NCAV (Graham) HK$0.0800 HK$0.1100 HK$0.1700 53
Economic Profit
Residual Income HK$0.1600 HK$0.1700 HK$0.2200 74
ROIC Compounder HK$0.0600 HK$0.0600 HK$0.0600 70
Growth Earnings
Growth-Adj P/E HK$0.6300 HK$0.9000 HK$1.17 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 42/100

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

Profitability 39
How much profit the company makes from its sales and capital
Quality Growth 59
Are margins and returns getting better?
Cashflow 6
Do the profits arrive as real cash?
Financial strength 59
Debt, balance sheet and risk of trouble
Investment 30
Does it invest with discipline instead of growing at any price?
Low Volatility 51
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 35
Distance to the 52-week high, does not count
New shares 68
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. 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+399.4%
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.
+122.7%
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.
+56.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+56.6%
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.56.6% vs 22.0%, picking up
Profit margin 2017 to 2022 ⓘ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% → 0%

8032 screens overvalued: fair value 61% below the price. Compare with JFC →

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Hotels & Entertainment Services” was too small, so the broader sector is used.)Consumer Discretionary · 3513 stocks

Beats the sector median on 5/13 measures
Overall it trails its sector peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −61.2% · Bottom 25%
Profitability
Return on equity (12 months) 10.2% · Above median
Return on assets 4.9% · Above median
Net margin (12 months) 9.3% · Top 25%
Operating margin (12 months) −0.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 684.6% · Top 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Consumer Discretionary median · lower = cheaper

P/E (12 months) 18.4× · Pricier than median
P/B 1.79× · Pricier than median
P/S (12 months) 1.50× · Pricier than median
EV/EBITDA 87.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 39
FUTURE (revenue growth)100 · sector 24
PAST (return on equity)41 · sector 25
HEALTH (low debt)98 · sector 95
DIVIDEND (yield)0 · sector 47

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

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Viva China Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Viva China Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8032

Frequently asked questions

Is Viva China Holdings Ltd (8032) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of HK$0.1900 versus a price of HK$0.4900, about 61% lower (overvalued).
What is the fair value of 8032?
Our model-based fair value for Viva China Holdings Ltd is HK$0.1900 (as of Nov 7, 2026), built from audited fundamentals. The current price: HK$0.4900.
What is the quality score of 8032?
Viva China Holdings Ltd has a Quality Score of 42/100. 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 Viva China Holdings Ltd (8032)?
Our model-based price target is the fair value of HK$0.1900 (as of Nov 7, 2026) from 17 valuation models. Cautious scenario HK$0.1600, optimistic scenario HK$0.2400. It is a calculation from audited fundamentals, not an analyst target.
What is the Viva China Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1900, about 61% lower versus a price of HK$0.4900 (overvalued). Cautious scenario HK$0.1600, optimistic scenario HK$0.2400. The calculation is refreshed regularly with new filings.
What is the revenue of Viva China Holdings Ltd (8032)?
Viva China Holdings Ltd reported trailing-twelve-month revenue of about HK$9.5B (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Viva China Holdings Ltd (8032)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Viva China Holdings Ltd it is HK$0.1900 per share (as of Nov 7, 2026), against a price of HK$0.4900. 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 Viva China Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 8032 trades above its calculated fair value: price HK$0.4900, fair value HK$0.1900, a gap of about −61% (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 8032?
No. The price is what the market pays today (HK$0.4900); the fair value is what the company's own numbers justify (HK$0.1900). For Viva China Holdings Ltd the two are HK$0.3000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Viva China Holdings Ltd worth?
The market values Viva China Holdings Ltd at about HK$14.3B (market capitalisation, as of Nov 7, 2026). Per share that is HK$0.4900; our models calculate a fair value of HK$0.1900 per share.
What do the bullish and bearish scenarios say about 8032?
Our models span a range for Viva China Holdings Ltd: cautious scenario HK$0.1600, base HK$0.1900, optimistic HK$0.2400 per share (as of Nov 7, 2026, price HK$0.4900). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8032?
Viva China Holdings Ltd trades at a price-to-earnings ratio of 18.4 (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$0.1900 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2022), reported earnings: 10.8. Other multiples: P/B 1.8, P/S 1.5, EV/EBITDA 87.6.
How solid is the balance sheet of Viva China Holdings Ltd (8032)?
Balance-sheet figures for Viva China Holdings Ltd (as of Nov 7, 2026): return on equity 10.2%, debt of 0.04 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 8032 from its 52-week high?
Viva China Holdings Ltd trades at HK$0.4900, about 29% below its 52-week high of HK$0.6881 and 81% above the low of HK$0.2700 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1900 is for.
Which stocks are comparable to Viva China Holdings Ltd?
From the same area (Consumer Cyclical) we also value JFC, BLOOM, Ananti Inc, PIZZA, 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 Viva China Holdings Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price HK$0.4900, calculated fair value HK$0.1900 (−61%), Quality Score 42/100, 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 8032 calculated?
We run Viva China Holdings 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$0.1900 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. Viva China 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 Viva China Holdings Ltd (8032)?
The closing price on Nov 9, 2026 was HK$0.4900. Our model-based fair value is HK$0.1900, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Viva China Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$0.2400). The favourable scenario is already priced in. Weak quality (42/100) 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 Viva China Holdings Ltd

How large is the market capitalisation of Viva China Holdings Ltd (8032)?
The market capitalisation of Viva China Holdings Ltd is HK$14.3B (≈ $1.8B). 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 Viva China Holdings Ltd (8032)?
The price-to-sales ratio of Viva China Holdings Ltd is 1.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Viva China Holdings Ltd (8032)?
Earnings per share at Viva China Holdings Ltd are HK$0.0800 (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Viva China Holdings Ltd (8032)?
The net margin of Viva China Holdings Ltd is 9.3% (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 Viva China Holdings Ltd (8032)?
The return on equity (ROE) of Viva China Holdings Ltd is 10.2% (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 Viva China Holdings Ltd (8032)?
On an EBIT basis the return on assets of Viva China Holdings Ltd is 4.0% (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 Viva China Holdings Ltd (8032)?
The operating margin of Viva China Holdings 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 Viva China Holdings Ltd (8032)?
Revenue at Viva China Holdings Ltd is growing +685% versus a year earlier (3y avg +123%). 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 Viva China Holdings Ltd (8032)?
Earnings per share at Viva China Holdings Ltd are growing +12.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Viva China Holdings Ltd (8032) generate?
The free cash flow of Viva China Holdings Ltd is −HK$202M (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Viva China Holdings Ltd (8032) hold?
Viva China Holdings Ltd holds more cash than debt, HK$673M net (fiscal year 2022). The company holds more cash than debt, a safety cushion.
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