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STOCK COMPARISON

Courage Investment Group vs Adani Ports and Special Economic Zone: Fair Value & Quality

Both stocks run through our valuation models. Here is how Courage Investment Group (1145) and Adani Ports and Special Economic Zone (ADANIPORTS) compare, as of Sep 19, 2026.

As of Sep 19, 2026, Fair Value Calculator sees Adani Ports and Special Economic Zone as the less overvalued of the two: Courage Investment Group trades at HK$0.14 versus a fair value of HK$0.08 (-43%), while Adani Ports and Special Economic Zone trades at ₹1,824 versus ₹1,041 (-43%).
Courage Investment Group
1145.HK · HKD · Industrials
-43%
upside to fair value
overvalued
PriceHK$0.14
Fair ValueHK$0.08
Quality45/100
Adani Ports and Special Economic Zone
ADANIPORTS.NSE · INR · Industrials
-43%
upside to fair value
overvalued
Price₹1,824
Fair Value₹1,041
Quality50/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Courage Investment GroupAdani Ports and Special Economic Zone
Valuation
P/E (TTM)29.3×
1.11×P/S (TTM)10.87×
0.35×P/B4.38×
4.5×EV/EBITDA20.6×
−43.3%Fair value upside−42.9%
6.5%Dividend yield0.4%
Dividend per share₹7.50
Profitability
16%Operating margin41%
0.10×EBIT margin trend (5Y)24.83×
-1%Return on equity16%
0%Return on assets7%
Growth
246%Revenue growth (YoY)27%
14.6%Avg. growth/yr (3Y)22.9%
18.7%Avg. growth/yr (5Y)25.3%
Value creation/yr+13.8%
Balance & size
14.1×Interest coverage (EBIT/interest)4.5×
Debt / equity0.53×
$21MMarket cap$45B
expensiveGrowth qualityexpensive

Adani Ports and Special Economic Zone leads: 5 to 6 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.

Courage Investment Groupof which business quality 45 · market factors 45 Adani Ports and Special Economic Zoneof which business quality 49 · market factors 73
ProfitabilityMargins and returns on capital today
12
46
Quality GrowthAre margins and returns improving?
43
52
CashflowEarnings quality: real cash, not paper profit
5
51
Fin. StrengthBalance sheet, leverage, solvency risk
83
61
InvestmentDisciplined investing over empire-building
67
5
Low VolatilityCalm price path (market factor)
52
84
MomentumPrice trend over the last 3–12 months (market factor)
45
62
52W MomentumDistance to the 52-week high (market factor)
39
78
Net IssuanceShare count: buybacks or dilution?
82
70

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCourage Investment GroupPrice HK$0.14Adani Ports and Special Economic ZonePrice ₹1,824
DCF Modelsn/a-52%below the price₹870
Earnings-Based-93%below the priceHK$0.01-27%below the price₹1,332
Dividend Discount-43%below the priceHK$0.08-93%below the price₹127
Multiples-93%below the priceHK$0.01-44%below the price₹1,021
Asset-Based-72%below the priceHK$0.04-85%below the price₹280
Growth DCFn/a-85%below the price₹265
Economic Profit-93%below the priceHK$0.01-62%below the price₹702
Growth Earningsn/a-5%close to the price₹1,730
Minimum-93%below the priceHK$0.01-93%below the price₹127
Maximum-43%below the priceHK$0.08-5%close to the price₹1,730
Median-93%below the priceHK$0.01-57%below the price₹786
Geometric mean-86%below the priceHK$0.02-68%below the price₹584

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Courage Investment Group: 8 of 8 models see the stock below the current price.

Adani Ports and Special Economic Zone: 25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Adani Ports and Special Economic Zone
Price ₹1,824
Fair Value ₹1,041
Bear ₹387Bull ₹1,360

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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.

Courage Investment Group · Industrials

Quality score45 · below median
Fair value upside-43% · below median

Adani Ports and Special Economic Zone · Industrials

Quality score50 · below median
Fair value upside-43% · below median

Bottom line

As of Sep 19, 2026, Fair Value Calculator sees Adani Ports and Special Economic Zone as the less overvalued of the two: Courage Investment Group trades at HK$0.14 versus a fair value of HK$0.08 (-43%), while Adani Ports and Special Economic Zone trades at ₹1,824 versus ₹1,041 (-43%).

Adani Ports and Special Economic Zone has the higher quality score (50/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.