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LVGEM (China) Real Estate Investment Company (0095) Fair Value & Analysis

Real Estate · HK · Market cap HK$999M

LC LVGEM (China) Real Estate Investment Company 0095 · HK
PriceHK$0.1830
Fair ValueHK$0.1530
Upside-16.4%
Quality31/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 2/100
Evidence: Low Range HK$0.1068 – HK$0.2199 Share as image

Fair value as of: Aug 2, 2026

From 6 valuation models · updated 8 days ago

Share price −11.2% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

What matters now

  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (HK$0.1068 to HK$0.2199) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • 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$2.30 HK$0.1380 Fair Value HK$0.1530 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$0.1380 – HK$2.30 · fair‑value band HK$0.1068 – HK$0.2199 · the HK$0.1830 price screens above the HK$0.1530 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

LVGEM (China) Real Estate Investment Company (0095) currently trades at HK$0.1830, while our model-based Fair Value estimate is HK$0.1530, implying the stock looks roughly 16.4% overvalued today. The Quality Score stands at 31/100 (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: low).

Trailing-twelve-month revenue stands at HK$1.9B. Revenue declined 53.3% year over year. It earns a return on equity of -50.2%. Net debt stands at HK$31.9B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.1068 (bear case) to HK$0.2199 (bull case); at HK$0.1830, the current price sits within 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 55% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -16%, 0095 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
Growth DCF HK$2.78 HK$4.27 HK$6.27 80
NCAV (Graham) HK$0.7400 HK$1.00 HK$1.49 50
EV/Revenue HK$1.17 HK$1.79 HK$2.40 43
All 6 models by family
DCF Models
FCF DCF HK$2.79 HK$4.39 HK$6.63 38
5Y Revenue Exit HK$1.76 HK$2.72 HK$3.92 39
10Y Revenue Exit HK$2.11 HK$3.05 HK$4.31 36
Multiples
EV/Revenue HK$1.17 HK$1.79 HK$2.40 43
Asset-Based
NCAV (Graham) HK$0.7400 HK$1.00 HK$1.49 50
Growth DCF
Growth DCF HK$2.78 HK$4.27 HK$6.27 80

Widest divergence: Growth DCF (HK$4.27) versus Asset-Based (HK$1.00). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$1.9B
Revenue growth (YoY) -53.3%
Return on equity -50.2%
Free cash flow HK$2.0B FY2025
Operating margin -438%
EPS (TTM) HK$-0.3100
More key figures
EPS growth (YoY) +3.9%
Net debt HK$31.9B FY2025

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

Quality Score breakdown

Overall quality 31/100

Of which business quality 34 · Market factors (momentum, volatility) 18

Profitability 0
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 0
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 11
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

LVGEM (China) Real Estate Investment Company Limited, an investment holding company, engages in property development and investment businesses in the Mainland China, Hong Kong, the United States, and the Kingdom of Cambodia.

Full company description

LVGEM (China) Real Estate Investment Company Limited, an investment holding company, engages in property development and investment businesses in the Mainland China, Hong Kong, the United States, and the Kingdom of Cambodia. It operates through Real Estate Development and Sales, Commercial Property Investment and Operations, and Comprehensive Services segments. The company is also involved in real estate sales; investment, operation, and leasing of commercial properties, office premises, apartments, and car parks; and operation of hotels. In addition, it provides property management and other services to customers and tenants of its residential and commercial properties. The company was founded in 1990 and is headquartered in Kwun Tong, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LVGEM (China) Real Estate Investment Company reported revenue of HK$1.9B in FY2025 versus HK$4.4B in FY2021, a compound −19.2%/yr. Reported net income was −HK$8.8B in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$1.9B
Latest YoY
−49.8%
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.
−7.3%
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.
−19.2%
Avg. growth/yr (23Y) 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.
+11.4%
Revenue −19.2%/yr
FY21 HK$4.4B
FY22 HK$2.3B
FY23 HK$6.1B
FY24 HK$3.7B
FY25 HK$1.9B
Net income
FY21 HK$1.2B
FY22 −HK$730M
FY23 −HK$2.1B
FY24 −HK$5.2B
FY25 −HK$8.8B

0095 screens 16% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "LVGEM (China) Real Estate Investment Company Fair Value". https://www.fairvalue-calculator.com/stock/0095

Peer Group

Real Estate - Development · 588 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 31 · Bottom 25%
Fair Value upside −16% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -53% · Bottom 25%
Debt / equity 0.20× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.1× · 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.

VALUE 11 · sector 48
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 90 · sector 84
DIVIDEND 0 · sector 38

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 - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is LVGEM (China) Real Estate Investment Company (0095) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.1530 versus a price of HK$0.1830, about −16% (overvalued).
What is the fair value of 0095?
Our model-based fair value for LVGEM (China) Real Estate Investment Company is HK$0.1530 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$0.1830.
What is the quality score of 0095?
LVGEM (China) Real Estate Investment Company has a Quality Score of 31/100. 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 LVGEM (China) Real Estate Investment Company (0095)?
LVGEM (China) Real Estate Investment Company reported trailing-twelve-month revenue of about HK$1.9B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0095?
The net profit margin of LVGEM (China) Real Estate Investment Company 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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