Cinda International Holdings Ltd (0111) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Cinda International Holdings Ltd HK$1.40, price HK$0.66, upside +112.1%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.1934 – HK$1.15 · fair‑value band HK$0.8250 – HK$1.79 · the HK$0.6600 price screens below the HK$1.40 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Cinda International Holdings Limited, an investment holding company, provides asset management services to individuals, corporates, enterprises, and institutional customers in Mainland China and Hong Kong. It operates through Asset Management, Sales and Trading Business, Corporate Finance, and Fixed Income Investment segments.
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Cinda International Holdings Limited, an investment holding company, provides asset management services to individuals, corporates, enterprises, and institutional customers in Mainland China and Hong Kong. It operates through Asset Management, Sales and Trading Business, Corporate Finance, and Fixed Income Investment segments. The company offers advisory and related auxiliary services on fund management, as well as other related proprietary investment services; and manages private funds. It also provides brokering services in securities, equity-linked products, unit trusts, stock options commodities, and futures contracts, as well as underwriting, placing, and margin financing services to brokering clients. In addition, the company offers corporate finance services, including underwriting and advisory services to companies listed or seeking listing in Hong Kong or other stock exchanges and other unlisted corporates on equity and debt financing. Further, it is involved in bond underwriting business; invests in Chinese-funded offshore bonds; and provision of administrative support and research services. The company was formerly known as Hantec Investment Holdings Limited and changed its name to Cinda International Holdings Limited in November 2008. Cinda International Holdings Limited was incorporated in 2000 and is headquartered in Wan chai, Hong Kong. Cinda International Holdings Limited is a subsidiary of Cinda Securities (H.K.) Holdings Limited.
Stock analysis
Cinda International Holdings Ltd (0111) currently trades at HK$0.6600, while our model-based Fair Value estimate is HK$1.40, implying the stock looks roughly 52.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$2.17 per share, and 11 of the 11 models we run sit above the HK$0.6600 price.
Bear case: the Earnings-Based group reads lowest at HK$0.9400, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.8250 (bear) to HK$1.79 (bull), the price of HK$0.6600 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 64/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Cinda International Holdings Ltd reported revenue of HK$226M in FY2025 versus HK$230M in FY2021, a compound −0.5%/yr. Reported net income was HK$80.4M in FY2025, compounding +8.6%/yr from FY2021.
Key figures
Market cap HK$423M (≈ $53.9M) · P/E ratio 5.1 · P/S ratio 1.81 · EPS (TTM) HK$0.0300 · Dividend yield 7.6% · Net margin 35.6% · Return on equity 8.1% · Return on assets (EBIT) 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 92% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 112%, 0111 screens cheaper than that median.
Fair Value models
Bear HK$0.8250Fair Value HK$1.40Bull HK$1.79
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.6%
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.
+21.1%
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.
−4.6%
Start year 2020 (pandemic). Over 10 years: +1.5% a year
Revenue growth 25 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.
+3.9%
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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.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.8%
Dividend (yield on the price)7.6%
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.6.8% vs 7.1%, steady
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.26% → 52%
Start year 2020 (pandemic)
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 %
Yearly growth needed for the next five years to justify today's price.
Compare Cinda International Holdings 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.Capital Markets · 464 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+112.1% · Top 25%
Profitability
Return on equity (TTM)8.1% · Above median
Return on assets3.6% · Above median
Net margin (TTM)46.5% · Top 25%
Operating margin (TTM)62.3% · Top 25%
Growth and dividend
Revenue growth10.9% · Below median
Dividend yield (TTM)7.6% · Top 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Cinda International Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0111
Frequently asked questions
Is Cinda International Holdings Ltd (0111) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$1.40 versus a price of HK$0.6600, about +112% upside (undervalued).
What is the fair value of 0111?
Our model-based fair value for Cinda International Holdings Ltd is HK$1.40 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.6600.
What is the quality score of 0111?
Cinda International Holdings Ltd has a Quality Score of 64/100. 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 Cinda International Holdings Ltd (0111)?
Our model-based price target is the fair value of HK$1.40 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario HK$0.8250, optimistic scenario HK$1.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Cinda International Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$1.40, about +112% upside versus a price of HK$0.6600 (undervalued). Cautious scenario HK$0.8250, optimistic scenario HK$1.79. The calculation is refreshed regularly with new filings.
What is the revenue of Cinda International Holdings Ltd (0111)?
Cinda International Holdings Ltd reported trailing-twelve-month revenue of about HK$173M (latest available figure, as of Sep 27, 2026).
Does Cinda International Holdings Ltd pay a dividend?
Cinda International Holdings Ltd currently shows a dividend yield of about 7.58% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Cinda International Holdings Ltd (0111)?
For today's price to be fair in a discounted-cash-flow model, Cinda International Holdings Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.6 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 0111 use?
Our models discount Cinda International Holdings Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.61, 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 Cinda International Holdings Ltd that is less than minus 40 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Cinda International Holdings Ltd (0111) delivered so far?
Over the past 5 years revenue at Cinda International Holdings Ltd grew -4.6 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 Cinda International Holdings Ltd (0111) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Cinda International Holdings Ltd (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cinda International Holdings Ltd (0111)?
The free-cash-flow yield on the price is 12.99 %: that much free cash flow Cinda International Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cinda International Holdings Ltd (0111)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cinda International Holdings Ltd it is HK$1.40 per share (as of Sep 27, 2026), against a price of HK$0.6600. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Cinda International Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0111 trades below its calculated fair value: price HK$0.6600, fair value HK$1.40, a gap of about +112% (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 0111?
No. The price is what the market pays today (HK$0.6600); the fair value is what the company's own numbers justify (HK$1.40). For Cinda International Holdings Ltd the two are HK$0.7400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cinda International Holdings Ltd worth?
The market values Cinda International Holdings Ltd at about HK$423M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.6600; our models calculate a fair value of HK$1.40 per share.
What do the bullish and bearish scenarios say about 0111?
Our models span a range for Cinda International Holdings Ltd: cautious scenario HK$0.8250, base HK$1.40, optimistic HK$1.79 per share (as of Sep 27, 2026, price HK$0.6600). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0111?
Cinda International Holdings Ltd trades at a price-to-earnings ratio of 5.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$1.40 is built from several models across several years. Other multiples: P/B 0.4, P/S 2.4, EV/EBITDA 1.1.
How solid is the balance sheet of Cinda International Holdings Ltd (0111)?
Balance-sheet figures for Cinda International Holdings Ltd (as of Sep 27, 2026): return on equity 8.1%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 0111 from its 52-week high?
Cinda International Holdings Ltd trades at HK$0.6600, about 43% below its 52-week high of HK$1.15 and 92% above the low of HK$0.3439 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.40 is for.
Which stocks are comparable to Cinda International Holdings Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Cinda International Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.6600, calculated fair value HK$1.40 (+112%), Quality Score 64/100, from 11 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 0111 calculated?
We run Cinda International Holdings Ltd through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$1.40, 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 14.9 % above its aggregate fair value. Cinda International Holdings Ltd currently trades 53 % 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 Cinda International Holdings Ltd (0111)?
The closing price on Sep 29, 2026 was HK$0.6600. Our model-based fair value is HK$1.40, about +112% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cinda International Holdings Ltd right now?
The price is below even our cautious bear case (HK$0.8250). 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. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (HK$0.8250 to HK$1.79) leaves room in how you read the outcome.
Where does the earnings growth of Cinda International Holdings Ltd (0111) come from?
Earnings per share at Cinda International Holdings Ltd grew +2.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.4 %, EBIT margin +9.1 %, tax rate +0.0 %, residual (interest, one-offs) −7.5 %. 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 Cinda International Holdings Ltd
How large is the market capitalisation of Cinda International Holdings Ltd (0111)?
The market capitalisation of Cinda International Holdings Ltd is HK$423M (≈ $53.9M). 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 Cinda International Holdings Ltd (0111)?
The price-to-sales ratio of Cinda International Holdings Ltd is 1.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cinda International Holdings Ltd (0111)?
Earnings per share at Cinda International Holdings Ltd are HK$0.0300 (price ÷ EPS = P/E 5.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cinda International Holdings Ltd (0111)?
The dividend yield of Cinda International Holdings Ltd is 7.6% (payout 167%). 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 Cinda International Holdings Ltd (0111)?
The net margin of Cinda International Holdings Ltd is 35.6% (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 Cinda International Holdings Ltd (0111)?
The return on equity (ROE) of Cinda International Holdings Ltd is 8.1% (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 Cinda International Holdings Ltd (0111)?
On an EBIT basis the return on assets of Cinda International Holdings Ltd is 2.4% (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 Cinda International Holdings Ltd (0111)?
The operating margin of Cinda International Holdings Ltd is 62.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cinda International Holdings Ltd (0111)?
Revenue at Cinda International Holdings Ltd is growing +10.9% versus a year earlier (3y avg +21.1%). 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 Cinda International Holdings Ltd (0111)?
Earnings per share at Cinda International Holdings Ltd are growing +25.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cinda International Holdings Ltd (0111) carry?
The net debt of Cinda International Holdings Ltd is HK$1.0B (fiscal year 2025, ≈ 18.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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