Crocodile Garments Limited (0122) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$146M

A solid business, screening 45% undervalued on our models.

What matters now

• The price is below even our cautious bear case (HK$1.61). 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 (50/100) at a price below fair value, the discount is the argument here, not the business quality.
• A fairly wide model range (HK$1.61 to HK$3.21) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

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$1.34 – HK$9.46 · fair‑value band HK$1.61 – HK$3.21 · the HK$1.48 price screens below the HK$2.15 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Crocodile Garments Limited (0122) currently trades at HK$1.48, while our model-based Fair Value estimate is HK$2.15, implying the stock looks roughly 45.5% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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.

Trailing-twelve-month revenue stands at HK$92.3M. Revenue grew 1.4% year over year. It earns a return on equity of -7.7%. Net debt stands at HK$582M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$1.61 (bear case) to HK$3.21 (bull case); at HK$1.48, 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 27% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 45%, 0122 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.

Key figures & financial health

Quality Score breakdown

About the company

Crocodile Garments Limited, together with its subsidiaries, engages in the sale of garments and other related accessories businesses in Hong Kong, Macau, and Mainland China. It operates through three segments: Garment and Related Accessories Business; Property Investment and Letting Business; and Treasury Management.

Full company description

Crocodile Garments Limited, together with its subsidiaries, engages in the sale of garments and other related accessories businesses in Hong Kong, Macau, and Mainland China. It operates through three segments: Garment and Related Accessories Business; Property Investment and Letting Business; and Treasury Management. The company provides menswear, ladies wear, children's clothing, ties, and underwear under the Crocodile brand name through online shop and other e-commerce platforms. It is also involved in the property investment and letting, trading of garments, and treasury management activities. Crocodile Garments Limited was incorporated in 1961 is based in Kwun Tong, Hong Kong. Crocodile Garments Limited operates as a subsidiary of Honorman Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Crocodile Garments Limited reported revenue of HK$138M in FY2025 versus HK$112M in FY2021, a compound +5.4%/yr. Reported net income was −HK$53.8M in FY2025.

Watch 0122: get an alert when its fair value changes →

Peer Group

Apparel Manufacturing · 212 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.

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

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Frequently asked questions

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.