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Sun Hing Vision Group (0125) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$77.5M

SH Sun Hing Vision Group 0125 · HK
PriceHK$0.3150
Fair ValueHK$0.1300
Upside-58.7%
Quality50/100
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Expensive Growth
Loss-making · -4.9% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 0/100
Evidence: Low Range HK$0.1100 – HK$0.1500 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Share price +6.8% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1500). The favourable scenario is already priced in.
  • 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 but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$1.59 HK$0.2950 Fair Value HK$0.1300 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.2950 – HK$1.59 · fair‑value band HK$0.1100 – HK$0.1500 · the HK$0.3150 price screens above the HK$0.1300 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sun Hing Vision Group (0125) currently trades at HK$0.3150, while our model-based Fair Value estimate is HK$0.1300, implying the stock looks roughly 58.7% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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).

Over the trailing twelve months, Sun Hing Vision Group generated revenue of HK$841M at a net margin of -4.9%. Revenue grew 3.0% year over year. It earns a return on equity of -6.5%. The balance sheet holds a net cash position of HK$109M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1100 (bear case) to HK$0.1500 (bull case); at HK$0.3150, 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 33% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -59%, 0125 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$0.1000 HK$0.1200 HK$0.1400 70
DDM Multi-Stage HK$0.1000 HK$0.1300 HK$0.1500 61
NCAV (Graham) HK$1.14 HK$1.52 HK$2.27 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.1000 HK$0.1200 HK$0.1400 70
DDM Multi-Stage HK$0.1000 HK$0.1300 HK$0.1500 61
Asset-Based
NCAV (Graham) HK$1.14 HK$1.52 HK$2.27 50

Widest divergence: Asset-Based (HK$1.52) versus Dividend Discount (HK$0.1200). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$841M
Revenue growth (YoY) +3.0%
Net margin -4.9%
Return on equity -6.5%
Free cash flow −HK$77.0M FY2025
Operating margin -6.8%
More key figures
EPS (TTM) HK$-0.1600
EPS growth (YoY) -86.0%
Net cash HK$109M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 51 · Market factors (momentum, volatility) 43

Profitability 18
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sun Hing Vision Group Holdings Limited, an investment holding company, manufactures and sells eyewear products in Hong Kong, Macau, the People's Republic of China, Japan, Italy, the United States, and internationally. It operates through Eyewear Products and Trademarks segments. The company offers optical frames, sunglasses, and related products.

Full company description

Sun Hing Vision Group Holdings Limited, an investment holding company, manufactures and sells eyewear products in Hong Kong, Macau, the People's Republic of China, Japan, Italy, the United States, and internationally. It operates through Eyewear Products and Trademarks segments. The company offers optical frames, sunglasses, and related products. It is also involved in granting license of trademarks; and property holding activities. The company's brand portfolio includes agnès b., JILLSTUART, New Balance, Levi's, and Fila brand names. Sun Hing Vision Group Holdings Limited was incorporated in 1999 and is headquartered in Kwun Tong, Hong Kong. Sun Hing Vision Group Holdings Limited is a subsidiary of United Vision International Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sun Hing Vision Group reported revenue of HK$891M in FY2026 versus HK$877M in FY2022, a compound +0.4%/yr. Reported net income was −HK$45.9M in FY2026.

Growth Quality 23/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
HK$891M
Latest YoY
+7.6%
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.
+8.1%
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.
+4.9%
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.
+5.7%
Revenue +0.4%/yr
FY22 HK$877M
FY23 HK$705M
FY24 HK$702M
FY25 HK$828M
FY26 HK$891M
Net income
FY22 HK$9.1M
FY23 −HK$30.6M
FY24 −HK$28.4M
FY25 −HK$32.2M
FY26 −HK$45.9M

0125 screens 59% overvalued. Compare with Compagnie Financière Richemont SA →

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Cite: Fair Value Calculator (2026). "Sun Hing Vision Group Fair Value". https://www.fairvalue-calculator.com/stock/0125

Peer Group

Luxury Goods · 136 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 50 · Below median
Fair Value upside −59% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/S (TTM) 0.01× · 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 0 · sector 17
FUTURE 15 · sector 38
PAST 0 · sector 40
HEALTH 100 · sector 99
DIVIDEND 100 · sector 44

VALUE 0: the price sits above our fair-value range.

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 Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 193.70 CHF 119.08 -39%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 -43%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%

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Frequently asked questions

Is Sun Hing Vision Group (0125) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1300 versus a price of HK$0.3150, about −59% (overvalued).
What is the fair value of 0125?
Our model-based fair value for Sun Hing Vision Group is HK$0.1300 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3150.
What is the quality score of 0125?
Sun Hing Vision Group has a Quality Score of 50/100. 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 Sun Hing Vision Group (0125)?
Sun Hing Vision Group reported trailing-twelve-month revenue of about HK$841M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0125?
The net profit margin of Sun Hing Vision Group is about -4.9%, meaning it is currently running at a net loss. 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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