Miramar Hotel and Investment Co Ltd (0071) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Miramar Hotel and Investment Co Ltd stock HK$20.02, price HK$9.82, upside +104.0%, quality 69 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range HK$7.85 – HK$12.14 · fair‑value band HK$16.18 – HK$22.74 · the HK$9.82 price screens below the HK$20.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Miramar Hotel and Investment Company, Limited, an investment holding company, engages in travel, property rental, hotels and serviced apartments, and food and beverage businesses in the People's Republic of China and Hong Kong.
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It leases office and retail premises; and operates hotels and serviced apartments, as well as provides hotel management services.
The company also operates restaurants and travel agencies, as well as provides property management services for its office building and shopping malls; and sells properties. Miramar Hotel and Investment Company, Limited was founded in 1948 and is based in Tsim Sha Tsui, Hong Kong.
Stock analysis
Miramar Hotel and Investment Co Ltd (0071) currently trades at HK$9.82, while our model-based Fair Value estimate is HK$20.02, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$20.76 per share, and 20 of the 25 models we run sit above the HK$9.82 price.
Bear case: the Dividend Discount group reads lowest at HK$6.39, and 5 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: HK$16.18 (bear) to HK$22.74 (bull), the price of HK$9.82 sits below 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 69/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Miramar Hotel and Investment Co Ltd reported revenue of HK$2.6B in FY2025 versus HK$1.2B in FY2021, a compound +19.9%/yr. Reported net income was HK$677M in FY2025, compounding +19.7%/yr from FY2021.
Key figures
Market cap HK$6.8B (≈ $864M) Small · P/E ratio 9.7 · P/S ratio 2.55 · Dividend yield 5.4% · Net margin 26.2% · Return on equity 3.3% · Return on assets (EBIT) 2.9% (5-year average) · Operating margin 33.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 104%, 0071 screens cheaper than that median.
Fair Value models
BearHK$16.18Fair Value HK$20.02BullHK$22.74
Price HK$9.82 · Upside +104.0%
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.
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.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.7%
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.
+23.1%
Revenue growth 5 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.
+14.4%
Start year 2020 (pandemic). Over 10 years: −2.3% a year
Revenue growth 26 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.
+3.1%
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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.
≈ +20.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +15.5%
Dividend (yield on the price)5.4%
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.base effect: 15.5% / −8.0%
Profit margin 2020 to 2025 ⓘ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.31% → 21%
⚠ Revenue per share shrinking 3.7%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.48 per share, median 2.35 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Miramar Hotel and Investment Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Travel Services · 88 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+104.0% · Top 25%
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets3.0% · Above median
Net margin (12 months)28.0% · Top 25%
Operating margin (12 months)33.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−9.8% · Below median
Dividend yield (12 months)5.4% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Travel Services median · lower = cheaper
P/E (12 months)9.7× · Cheapest 25%
P/B0.32× · Cheapest 25%
P/S (12 months)2.76× · Priciest 25%
Price / free cash flow (fiscal year)10.6× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Miramar Hotel and Investment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0071
Frequently asked questions
Is Miramar Hotel and Investment Co Ltd (0071) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of HK$20.02 versus a price of HK$9.82, about +104% upside (undervalued).
What is the fair value of 0071?
Our model-based fair value for Miramar Hotel and Investment Co Ltd is HK$20.02 (as of Nov 11, 2026), built from audited fundamentals. The current price: HK$9.82.
What is the quality score of 0071?
Miramar Hotel and Investment Co Ltd has a Quality Score of 69/100. 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 Miramar Hotel and Investment Co Ltd (0071)?
Our model-based price target is the fair value of HK$20.02 (as of Nov 11, 2026) from 25 valuation models. Cautious scenario HK$16.18, optimistic scenario HK$22.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Miramar Hotel and Investment Co Ltd stock forecast for 2026?
Our models put fair value at HK$20.02, about +104% upside versus a price of HK$9.82 (undervalued). Cautious scenario HK$16.18, optimistic scenario HK$22.74. The calculation is refreshed regularly with new filings.
What is the revenue of Miramar Hotel and Investment Co Ltd (0071)?
Miramar Hotel and Investment Co Ltd reported trailing-twelve-month revenue of about HK$2.5B (latest available figure, as of Nov 11, 2026).
Does Miramar Hotel and Investment Co Ltd pay a dividend?
Miramar Hotel and Investment Co Ltd currently shows a dividend yield of 5.40% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Miramar Hotel and Investment Co Ltd (0071) and when is the ex-dividend date?
Miramar Hotel and Investment Co Ltd pays a dividend of HK$0.53 per share a year, a dividend yield of 5.4%. The last ex-dividend date was Sep 21, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 54.1% of earnings. Free cash flow covers the dividend 1.75 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Miramar Hotel and Investment Co Ltd (0071)?
For today's price to be fair in a discounted-cash-flow model, Miramar Hotel and Investment Co Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of 0071 use?
Our models discount Miramar Hotel and Investment Co Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.25, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Miramar Hotel and Investment Co Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Miramar Hotel and Investment Co Ltd (0071) delivered so far?
Over the past 5 years revenue at Miramar Hotel and Investment Co Ltd grew +14.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Miramar Hotel and Investment Co Ltd (0071) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Miramar Hotel and Investment Co Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Miramar Hotel and Investment Co Ltd (0071)?
The free-cash-flow yield on the price is 9.43 %: that much free cash flow Miramar Hotel and Investment Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Miramar Hotel and Investment Co Ltd (0071)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Miramar Hotel and Investment Co Ltd it is HK$20.02 per share (as of Nov 11, 2026), against a price of HK$9.82. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Miramar Hotel and Investment Co Ltd stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 0071 trades below its calculated fair value: price HK$9.82, fair value HK$20.02, a gap of about +104% (undervalued). 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 0071?
No. The price is what the market pays today (HK$9.82); the fair value is what the company's own numbers justify (HK$20.02). For Miramar Hotel and Investment Co Ltd the two are HK$10.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Miramar Hotel and Investment Co Ltd worth?
The market values Miramar Hotel and Investment Co Ltd at about HK$6.8B (market capitalisation, as of Nov 11, 2026). Per share that is HK$9.82; our models calculate a fair value of HK$20.02 per share.
What do the bullish and bearish scenarios say about 0071?
Our models span a range for Miramar Hotel and Investment Co Ltd: cautious scenario HK$16.18, base HK$20.02, optimistic HK$22.74 per share (as of Nov 11, 2026, price HK$9.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0071?
Miramar Hotel and Investment Co Ltd trades at a price-to-earnings ratio of 9.7 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$20.02 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.4. Other multiples: P/B 0.3, P/S 2.8.
How solid is the balance sheet of Miramar Hotel and Investment Co Ltd (0071)?
Balance-sheet figures for Miramar Hotel and Investment Co Ltd (as of Nov 11, 2026): return on equity 3.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 0071 from its 52-week high?
Miramar Hotel and Investment Co Ltd trades at HK$9.82, about 10% below its 52-week high of HK$10.92 and 2% above the low of HK$9.63 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$20.02 is for.
Which stocks are comparable to Miramar Hotel and Investment Co Ltd?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Miramar Hotel and Investment Co Ltd stock attractive at the current price?
The data as of Nov 11, 2026: price HK$9.82, calculated fair value HK$20.02 (+104%), Quality Score 69/100, from 25 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 0071 calculated?
We run Miramar Hotel and Investment Co Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$20.02 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 13.9% above its aggregate fair value. Miramar Hotel and Investment Co Ltd currently trades 51% below its own fair value, and the market average says nothing about that. 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 Miramar Hotel and Investment Co Ltd (0071)?
The closing price on Nov 13, 2026 was HK$9.82. Our model-based fair value is HK$20.02, about +104% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Miramar Hotel and Investment Co Ltd right now?
The price is below even our cautious bear case (HK$16.18). The market is more pessimistic than our downside scenario. Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Miramar Hotel and Investment Co Ltd (0071) come from?
Earnings per share at Miramar Hotel and Investment Co Ltd grew −7.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.8 %, EBIT margin +1.4 %, tax rate −0.3 %, residual (interest, one-offs) −4.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Miramar Hotel and Investment Co Ltd
How large is the market capitalisation of Miramar Hotel and Investment Co Ltd (0071)?
The market capitalisation of Miramar Hotel and Investment Co Ltd is HK$6.8B (≈ $864M). 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 Miramar Hotel and Investment Co Ltd (0071)?
The price-to-sales ratio of Miramar Hotel and Investment Co Ltd is 2.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Miramar Hotel and Investment Co Ltd (0071)?
The dividend yield of Miramar Hotel and Investment Co Ltd is 5.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Miramar Hotel and Investment Co Ltd (0071)?
The net margin of Miramar Hotel and Investment Co Ltd is 26.2% (fiscal year 2025). 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 Miramar Hotel and Investment Co Ltd (0071)?
The return on equity (ROE) of Miramar Hotel and Investment Co Ltd is 3.3% (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 Miramar Hotel and Investment Co Ltd (0071)?
On an EBIT basis the return on assets of Miramar Hotel and Investment Co Ltd is 2.9% (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 Miramar Hotel and Investment Co Ltd (0071)?
The operating margin of Miramar Hotel and Investment Co Ltd is 33.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Miramar Hotel and Investment Co Ltd (0071)?
Revenue at Miramar Hotel and Investment Co Ltd is growing −9.8% versus a year earlier (3y avg +23.1%). 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 Miramar Hotel and Investment Co Ltd (0071)?
Earnings per share at Miramar Hotel and Investment Co Ltd are growing +3.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Miramar Hotel and Investment Co Ltd (0071) hold?
Miramar Hotel and Investment Co Ltd holds more cash than debt, HK$6.3B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 11, 2026