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Hing Yip Holdings (0132) Fair Value & Analysis

Industrials · HK · Market cap HK$324M

HY Hing Yip Holdings 0132 · HK
PriceHK$0.1680
Fair ValueHK$0.1200
Upside-28.6%
Quality38/100
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Expensive Growth
Thin margins · 1.4% net margin
High debt · negative free cash flow
3.30% dividend yield
Trails peers (5/13)
Narrow moat 34/100
Evidence: Medium Range HK$0.0900 – HK$0.1500 Share as image

Fair value as of: Aug 2, 2026

From 6 valuation models · updated 9 days ago

Share price −6.7% over the past month.

Below-average quality, and screening another 29% 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.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

HK$0.5431 HK$0.0953 Fair Value HK$0.1200 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$0.0953 – HK$0.5431 · fair‑value band HK$0.0900 – HK$0.1500 · the HK$0.1680 price screens above the HK$0.1200 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Hing Yip Holdings (0132) currently trades at HK$0.1680, while our model-based Fair Value estimate is HK$0.1200, implying the stock looks roughly 28.6% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, Hing Yip Holdings generated revenue of HK$884M at a net margin of 1.4%. Revenue grew 20.0% year over year. It earns a return on equity of 4.3%. Net debt stands at HK$5.4B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.0900 (bear case) to HK$0.1500 (bull case); at HK$0.1680, 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 49% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -29%, 0132 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
P/E Multiple HK$0.1200 HK$0.1500 HK$0.1900 63
Residual Income HK$0.4500 HK$0.4000 HK$0.2700 61
P/B Multiple HK$0.0900 HK$0.1200 HK$0.1500 55
All 6 models by family
Earnings-Based
Graham-Dodd HK$0.0500 HK$0.3300 HK$0.4600 54
Lynch FV HK$0.1000 HK$0.1400 HK$0.1900 50
Multiples
P/E Multiple HK$0.1200 HK$0.1500 HK$0.1900 63
P/B Multiple HK$0.0900 HK$0.1200 HK$0.1500 55
Asset-Based
NCAV (Graham) HK$0.3500 HK$0.4700 HK$0.6900 50
Economic Profit
Residual Income HK$0.4500 HK$0.4000 HK$0.2700 61

Widest divergence: Asset-Based (HK$0.4700) versus Multiples (HK$0.1200). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) HK$884M
Revenue growth (YoY) +20.0%
Net margin 1.4%
Return on equity 4.3%
Free cash flow −HK$781M FY2025
P/E ratio 18.9
More key figures
Operating margin 17.4%
Dividend yield 3.3%
EPS growth (YoY) -92.3%
Net debt HK$5.4B FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 32 · Market factors (momentum, volatility) 24

Profitability 13
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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

Hing Yip Holdings Limited, an investment holding company, engages in the big data, civil explosives, property investment, financial leasing, hotel operation, and wellness elderly care businesses in Hong Kong and Mainland China.

Full company description

Hing Yip Holdings Limited, an investment holding company, engages in the big data, civil explosives, property investment, financial leasing, hotel operation, and wellness elderly care businesses in Hong Kong and Mainland China. The company provides finance lease consulting services and financing services; and hotel ownership and management services, as well as leases hotel properties. It also offers financial investment services. In addition, the company engages in elderly care activities; and industrial internet platform construction, smart city construction, and big data operation and management business. Further, it manufactures and sells emulsion explosives, emulsion explosive industrial detonating cords, and explosive engineering products; and engages in property trading activities. The company was formerly known as China Investments Holdings Limited and changed its name to Hing Yip Holdings Limited in January 2024. The company was incorporated in 1993 and is based in Tsim Sha Tsui, Hong Kong. Hing Yip Holdings Limited operates as a subsidiary of Prize Rich Inc.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hing Yip Holdings reported revenue of HK$884M in FY2025 versus HK$521M in FY2021, a compound +14.1%/yr. Reported net income was HK$12.0M in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$884M
Latest YoY
+10.6%
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.
+8.8%
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.
+24.7%
Avg. growth/yr (25Y) 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.
+14.0%
Revenue +14.1%/yr
FY21 HK$521M
FY22 HK$685M
FY23 HK$821M
FY24 HK$799M
FY25 HK$884M
Net income
FY21 −HK$15.5M
FY22 −HK$21.5M
FY23 HK$26.9M
FY24 HK$60.7M
FY25 HK$12.0M

0132 screens 29% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Hing Yip Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0132

Peer Group

Conglomerates · 369 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 38 · Bottom 25%
Fair Value upside −29% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 17% · Top 25%
Revenue growth 20% · Top 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 3.12× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 18.9× · Pricier than median
P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.37× · Cheaper than median
EV/EBITDA 14.1× · Pricier than median

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 20
FUTURE 100 · sector 16
PAST 17 · sector 20
HEALTH 0 · sector 88
DIVIDEND 66 · sector 39

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

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SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%
Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Hing Yip Holdings (0132) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.1200 versus a price of HK$0.1680, about −29% (overvalued).
What is the fair value of 0132?
Our model-based fair value for Hing Yip Holdings is HK$0.1200 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$0.1680.
What is the quality score of 0132?
Hing Yip Holdings has a Quality Score of 38/100. 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 Hing Yip Holdings (0132)?
Hing Yip Holdings reported trailing-twelve-month revenue of about HK$884M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0132?
The net profit margin of Hing Yip Holdings is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Hing Yip Holdings pay a dividend?
Hing Yip Holdings currently shows a dividend yield of about 3.30% relative to its recent price (as of Aug 2, 2026).

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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