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Far East Holdings (0036) Fair Value & Analysis

Real Estate · HK · Market cap HK$89.9M

FE Far East Holdings 0036 · HK
PriceHK$0.2750
Fair ValueHK$0.1445
Upside-47.5%
Quality43/100
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Weak Growth
Thin margins · 0.0% net margin
High debt · generates free cash flow
Trails peers (4/13)
Narrow moat 43/100
Evidence: Medium Range HK$0.0839 – HK$0.1935 Share as image

Fair value as of: Aug 2, 2026

From 2 valuation models · updated 8 days ago

Below-average quality, and screening another 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1935). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (HK$0.0839 to HK$0.1935) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$0.7600 HK$0.0339 Fair Value HK$0.1445 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range HK$0.0339 – HK$0.7600 · fair‑value band HK$0.0839 – HK$0.1935 · the HK$0.2750 price screens above the HK$0.1445 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Far East Holdings (0036) currently trades at HK$0.2750, while our model-based Fair Value estimate is HK$0.1445, implying the stock looks roughly 47.5% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Trailing-twelve-month revenue stands at HK$11.8M. Revenue declined 15.0% year over year. Net debt stands at HK$594M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.0839 (bear case) to HK$0.1935 (bull case); at HK$0.2750, the current price sits above 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 58% below its 52-week high and 102% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -47%, 0036 screens richer 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
Gordon GGM HK$1.14 HK$1.92 HK$2.49 70
DDM Multi-Stage HK$1.14 HK$1.82 HK$2.06 61
All 2 models by family
Dividend Discount
Gordon GGM HK$1.14 HK$1.92 HK$2.49 70
DDM Multi-Stage HK$1.14 HK$1.82 HK$2.06 61

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Key figures & financial health

Revenue (TTM) HK$11.8M
Revenue growth (YoY) -15.0%
Return on equity -242%
Free cash flow HK$7.1M FY2025
Operating margin 59.5%
EPS (TTM) HK$-0.0600
More key figures
EPS growth (YoY) +131%
Net debt HK$594M FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 36

Profitability 1
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 0
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

Far East Holdings International Limited, an investment holding company, engages in property and securities investment businesses in Hong Kong. It invests in office buildings, commercial and industrial properties, as well as in short-term securities.

Full company description

Far East Holdings International Limited, an investment holding company, engages in property and securities investment businesses in Hong Kong. It invests in office buildings, commercial and industrial properties, as well as in short-term securities. The company was formerly known as Far East Technology International Limited and changed its name to Far East Holdings International Limited in 2007. Far East Holdings International Limited was incorporated in 1972 and is based in Kowloon Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Far East Holdings reported revenue of HK$11.8M in FY2025 versus HK$25.0M in FY2021, a compound −17.1%/yr. Reported net income was −HK$73.4M in FY2025.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$11.8M
Latest YoY
−16.5%
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.
+35.0%
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.
−20.8%
Avg. growth/yr (26Y) 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.
−7.7%
Revenue −17.1%/yr
FY21 HK$25.0M
FY22 HK$4.8M
FY23 HK$9.3M
FY24 HK$14.2M
FY25 HK$11.8M
Net income
FY21 −HK$241M
FY22 −HK$68.8M
FY23 −HK$72.9M
FY24 −HK$343M
FY25 −HK$73.4M

0036 screens 47% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Far East Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0036

Peer Group

Real Estate Services · 520 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 43 · Bottom 25%
Fair Value upside −48% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 59% · Top 25%
Revenue growth -15% · Bottom 25%
Debt / equity 524.74× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 39.37× · Pricier than 75% of peers
P/S (TTM) 0.97× · Cheaper than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 23.9× · Pricier than 75% of peers
PEG 0.51× · Cheaper than 75% of peers

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Far East Holdings (0036) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.1445 versus a price of HK$0.2750, about −47% (overvalued).
What is the fair value of 0036?
Our model-based fair value for Far East Holdings is HK$0.1445 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$0.2750.
What is the quality score of 0036?
Far East Holdings has a Quality Score of 43/100. 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 Far East Holdings (0036)?
Far East Holdings reported trailing-twelve-month revenue of about HK$11.8M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0036?
The net profit margin of Far East Holdings is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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