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China Aerospace International Holdings Ltd (0031) Fair Value & Analysis

Technology · HK · Market cap HK$2.2B

CA China Aerospace International Holdings Ltd 0031 · HK
PriceHK$0.5100
Fair ValueHK$1.50
Upside+194.1%
Quality38/100
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Expensive Growth
Loss-making · -4.1% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 5/100
Evidence: Low Range HK$1.06 – HK$1.95 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from HK$1.01 to HK$1.50 (+48.5%) since Aug 2, 2026. Share price +3.0% over the past month.

Below-average quality, screening 194% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$1.06). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$1.06 to HK$1.95) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.8000 HK$0.2600 Fair Value HK$1.50 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.2600 – HK$0.8000 · fair‑value band HK$1.06 – HK$1.95 · the HK$0.5100 price screens below the HK$1.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

China Aerospace International Holdings Ltd (0031) currently trades at HK$0.5100, while our model-based Fair Value estimate is HK$1.50, implying the stock looks roughly 194.1% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, China Aerospace International Holdings Ltd generated revenue of HK$4.0B at a net margin of -4.1%. Revenue declined 0.4% year over year. It earns a return on equity of -3.1%. Net debt stands at HK$850M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.06 (bear case) to HK$1.95 (bull case); at HK$0.5100, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -68% fair-value upside, at 194%, 0031 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
EV/EBITDA HK$1.12 HK$1.57 HK$2.01 54
NCAV (Graham) HK$1.18 HK$1.58 HK$2.36 50
All 2 models by family
Multiples
EV/EBITDA HK$1.12 HK$1.57 HK$2.01 54
Asset-Based
NCAV (Graham) HK$1.18 HK$1.58 HK$2.36 50

Widest divergence: Asset-Based (HK$1.58) versus Multiples (HK$1.57). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) HK$4.0B
Revenue growth (YoY) -0.4%
Net margin -4.1%
Return on equity -3.1%
Free cash flow −HK$377M FY2025
Operating margin -2.3%
More key figures
EPS (TTM) HK$-0.0100
EPS growth (YoY) +122%
Net debt HK$850M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 38 · Market factors (momentum, volatility) 30

Profitability 9
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

China Aerospace International Holdings Limited, an investment holding company, operates hi-tech manufacturing and aerospace service business in Hong Kong, the People's Republic of China, and internationally.

Full company description

China Aerospace International Holdings Limited, an investment holding company, operates hi-tech manufacturing and aerospace service business in Hong Kong, the People's Republic of China, and internationally. The company offers plastic products, liquid crystal display, printed circuit boards, and intelligent chargers and power modules, as well as invests in industrial property. It also distributes plastic, metals, modules, and packing products; electronic components; LCD modules; and manufactures and distributes moulds. In addition, the company engages in electroplating of metals; and provision of property management and treasury services. Further, it offers electronic products, power products and semiconductor products, as well as the property management business. The company was incorporated in 1975 and is based in Hung Hom, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Aerospace International Holdings Ltd reported revenue of HK$4.0B in FY2025 versus HK$4.7B in FY2021, a compound −4.0%/yr. Reported net income was −HK$166M in FY2025.

Growth Quality 17/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$4.0B
Latest YoY
+4.9%
Avg. growth/yr (3Y) 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.
−3.6%
Avg. growth/yr (5Y) 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.
+2.4%
Avg. growth/yr (25Y) 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.
+5.5%
Revenue −4.0%/yr
FY21 HK$4.7B
FY22 HK$4.5B
FY23 HK$3.5B
FY24 HK$3.8B
FY25 HK$4.0B
Net income
FY21 HK$346M
FY22 −HK$120M
FY23 HK$4.0M
FY24 −HK$53.3M
FY25 −HK$166M

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Cite: Fair Value Calculator (2026). "China Aerospace International Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0031

Peer Group

Electronic Components · 649 stocks

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.

Quality Score 38 · Bottom 25%
Fair Value upside +194% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -0% · Below median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/S (TTM) 0.07× · Cheaper than 75% of peers
EV/EBITDA 3.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 37
PAST0 · sector 24
HEALTH88 · sector 95
DIVIDEND0 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%
Zhen Ding Technology Holding 4958 477.50 TWD 136.13 TWD -71%

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Frequently asked questions

Is China Aerospace International Holdings Ltd (0031) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.50 versus a price of HK$0.5100, about +194% (undervalued).
What is the fair value of 0031?
Our model-based fair value for China Aerospace International Holdings Ltd is HK$1.50 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$0.5100.
What is the quality score of 0031?
China Aerospace International Holdings Ltd has a Quality Score of 38/100. 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 revenue of China Aerospace International Holdings Ltd (0031)?
China Aerospace International Holdings Ltd reported trailing-twelve-month revenue of about HK$4.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0031?
The net profit margin of China Aerospace International Holdings Ltd is about -4.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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