Min Xin Holdings vs Progressive: Fair Value & Quality
Both stocks run through our valuation models. Here is how Min Xin Holdings (0222) and Progressive (PGR) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: Min Xin Holdings trades at HK$3.05 versus a fair value of HK$2.60 (-15%), while Progressive trades at $215 versus $253 (+17%).
Min Xin Holdings
0222.HK · HKD · Financials
-15%
upside to fair value
overvalued
PriceHK$3.05
Fair ValueHK$2.60
Quality69/100
Progressive
PGR · USD · Financials
+17%
upside to fair value
undervalued
Price$215
Fair Value$253
Quality65/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Min Xin HoldingsProgressive
Valuation
17.5×P/E (TTM)11.7×
7.61×P/S (TTM)1.50×
0.25×P/B4.43×
32.8×EV/EBITDA9.3×
—PEG35.19×
2.3%Dividend yield0.2%
HK$0.08Dividend per share$0.40
Profitability
44%Net margin13%
33%Operating margin16%
1%Return on equity38%
0%Return on assets8%
Growth
8%Revenue growth (YoY)9%
-0.5%Avg. growth/yr (3Y)20.9%
9.5%Avg. growth/yr (5Y)15.5%
Balance & size
0.10×Debt / equity0.23×
$267MMarket cap$134B
mixedGrowth qualitymixed
Progressive leads: 5 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Min Xin Holdingsof which business quality 64 · market factors 60Progressiveof which business quality 64 · market factors 58
ProfitabilityMargins and returns on capital today
30
61
Quality GrowthAre margins and returns improving?
70
64
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
98
37
Low VolatilityCalm price path (market factor)
54
88
MomentumPrice trend over the last 3–12 months (market factor)
55
48
52W MomentumDistance to the 52-week high (market factor)
78
41
Net IssuanceBuybacks instead of dilution
82
81
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Min Xin Holdings
Dividend DiscountHK$1.47
MultiplesHK$3.00
Asset-BasedHK$9.33
Economic ProfitHK$8.90
3 of 6 models see the stock below the current price.
Progressive
Multiples$163
Asset-Based$34.90
Economic Profit$211
3 of 4 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Min Xin Holdings
Bear HK$1.95Fair Value HK$2.60Bull HK$3.25
HK$3.05 = current price (white tick)
Progressive
Bear $189Fair Value $253Bull $316
$215 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Min Xin Holdings · Financials
Quality score69 · Top 25%
Fair value upside-15% · below median
Progressive · Financials
Quality score65 · Top 25%
Fair value upside+17% · above median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: Min Xin Holdings trades at HK$3.05 versus a fair value of HK$2.60 (-15%), while Progressive trades at $215 versus $253 (+17%).
Min Xin Holdings has the higher quality score (69/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.