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Central Wealth Group Holdings Ltd (0139) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Central Wealth Group Holdings Ltd stock HK$0.14, price HK$0.08, upside +78.0%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services HK · ISIN BMG2118J1062

CW Central Wealth Group Holdings Ltd logo Thin data Nov 13, 2026

Central Wealth Group Holdings Ltd

0139 · HK

Cheap (44% below fair value) and solid company, but falling price: meets 2 of 3 rules.

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Fair value HK$0.1388 · Strongly undervalued 
Low debt 
Even on cautious assumptions the value is 37% above the price (HK$0.1069). 
Quality 53/100 
Mixed Growth (revenue 5y −38.8 %/yr in HKD) 
Falling price (downtrend) 
Negative free cash flow 
Trails peers (3/9) 
Narrow moat 6/100 · thin data
Thin data 
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$2.75 HK$0.0570 Fair Value HK$0.1388 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.

How to read this chart

60‑month range HK$0.0570 – HK$2.75 · fair‑value band HK$0.1069 – HK$0.1677 · the HK$0.0780 price screens below the HK$0.1388 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.

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Company profile

Smart Fish Wealthlink Holdings Limited, together with its subsidiaries, provides various financial services in Hong Kong and China. It operates in two segments, Financial Investments and Services, and Brokerage and Commission.

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The company offers securities and futures brokerage trading, margin financing, and securities underwriting, research, and contract services; asset managment, including fund adminstration and services, front office support, and investment advice; and money lending.

It also provides debt financing services; value-added services, such as market making, risk hedging, structural product design, and investment consulting; public and directional bond issuance, as well as subordinated debt issuance services; underwriting and rating advisory services; sales and trading services for offshore fixed income products and derivatives; and research products and services for macro strategy, fixed income, and financial engineering.

In addition, the company is involved in property investments; provision of administrative services; development of customised clothing brand in live streaming; and operation service for short drama platforms. It serves individual and institutional clients.

The company was formerly known as Central Wealth Group Holdings Limited and changed its name to Smart Fish Wealthlink Holdings Limited in June 2025. Smart Fish Wealthlink Holdings Limited was incorporated in 1993 and is headquartered in Causeway Bay, Hong Kong.

Stock analysis

Central Wealth Group Holdings Ltd (0139) currently trades at HK$0.0780, while our model-based Fair Value estimate is HK$0.1388, implying the stock looks roughly 44% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: HK$0.1069 (bear) to HK$0.1677 (bull), the price of HK$0.0780 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 53/100 (solid quality), in the Financial Services sector.

Mixed Growth: Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.

Central Wealth Group Holdings Ltd reported revenue of −HK$13.7M in FY2025 versus HK$244M in FY2021. Reported net income was −HK$137M in FY2025.

Key figures

Market cap HK$115M (≈ $14.7M) Micro · Return on equity −17.4% · Return on assets (EBIT) −9.5% (5-year average) · Operating margin −69.7% · Revenue (TTM) −HK$76.5M · Revenue growth (YoY) −2.6% · EPS growth (YoY) −87.7% · Free cash flow −HK$106M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 82% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −9% fair-value upside, at 78%, 0139 screens cheaper than that median.

Fair Value models

Bear HK$0.1069 Fair Value HK$0.1388 Bull HK$0.1677
Price HK$0.0780 · Upside +78.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
P/B Multiple HK$0.3100 HK$0.4200 HK$0.5200 55
NCAV (Graham) HK$0.2200 HK$0.3400 HK$0.4300 54
All 2 models by family
Multiples
P/B Multiple HK$0.3100 HK$0.4200 HK$0.5200 55
Asset-Based
NCAV (Graham) HK$0.2200 HK$0.3400 HK$0.4300 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 53/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 20
How much profit the company makes from its sales and capital
Quality Growth 41
Are margins and returns getting better?
Cashflow 80
Do the profits arrive as real cash?
Financial strength 72
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 6
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 9
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 55/100
Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Revenue growth 1 year
−20.6%
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.
−30.8%
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.
−38.8%
Revenue growth 11 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.
+21.5%
Profit margin (trend) ⓘ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.
25.7% (2019) → −21.6% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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 · 454 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 53 · Above median
Fair Value upside +77.9% · Top 25%
Profitability
Return on assets −14.6% · Bottom 25%
Operating margin (12 months) −69.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −2.6% · Below median
Dividend yield (12 months) 0.0% · Bottom 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

PEG 2.39× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 33
FUTURE (revenue growth)0 · sector 58
PAST (return on equity)0 · sector 32
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 46

Context: sector, industry, market

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

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $190.65 $260.72 +37% vs 0139
The Charles Schwab Corporation SCHW $92.98 $117.60 +26% vs 0139
Guotai Haitong Securities Co 601211 ¥16.08 ¥18.02 +12% vs 0139
Nomura Holdings NMR $9.70 $10.09 +4% vs 0139
The Goldman Sachs Group GS $916.56 $831.46 −9% vs 0139
CITIC Securities Company 600030 ¥25.00 ¥20.42 −18% vs 0139
Robinhood Markets, Inc HOOD $77.86 $47.60 −39% vs 0139
Macquarie Group MQG A$244.17 A$144.90 −41% vs 0139
East Money Information Co 300059 ¥18.29 ¥6.72 −63% vs 0139
Interactive Brokers Group IBKR $81.79 $16.66 −80% vs 0139

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Central Wealth Group Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Central Wealth Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0139

Frequently asked questions

Is Central Wealth Group Holdings Ltd (0139) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of HK$0.1388 versus a price of HK$0.0780, about +78% upside (undervalued).
What is the fair value of 0139?
Our model-based fair value for Central Wealth Group Holdings Ltd is HK$0.1388 (as of Nov 13, 2026), built from audited fundamentals. The current price: HK$0.0780.
What is the quality score of 0139?
Central Wealth Group Holdings Ltd has a Quality Score of 53/100. 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 Central Wealth Group Holdings Ltd (0139)?
Our model-based price target is the fair value of HK$0.1388 (as of Nov 13, 2026) from 2 valuation models. Cautious scenario HK$0.1069, optimistic scenario HK$0.1677. It is a calculation from audited fundamentals, not an analyst target.
What is the Central Wealth Group Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1388, about +78% upside versus a price of HK$0.0780 (undervalued). Cautious scenario HK$0.1069, optimistic scenario HK$0.1677. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Central Wealth Group Holdings Ltd (0139)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Central Wealth Group Holdings Ltd it is HK$0.1388 per share (as of Nov 13, 2026), against a price of HK$0.0780. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Central Wealth Group Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 13, 2026, 0139 trades below its calculated fair value: price HK$0.0780, fair value HK$0.1388, a gap of about +78% (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 0139?
No. The price is what the market pays today (HK$0.0780); the fair value is what the company's own numbers justify (HK$0.1388). For Central Wealth Group Holdings Ltd the two are HK$0.0608 per share apart. That gap is exactly why we show both numbers side by side.
How much is Central Wealth Group Holdings Ltd worth?
The market values Central Wealth Group Holdings Ltd at about HK$115M (market capitalisation, as of Nov 13, 2026). Per share that is HK$0.0780; our models calculate a fair value of HK$0.1388 per share.
What do the bullish and bearish scenarios say about 0139?
Our models span a range for Central Wealth Group Holdings Ltd: cautious scenario HK$0.1069, base HK$0.1388, optimistic HK$0.1677 per share (as of Nov 13, 2026, price HK$0.0780). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0139?
The PEG ratio of Central Wealth Group Holdings Ltd is 2.39 (P/E divided by earnings growth, as of Nov 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Central Wealth Group Holdings Ltd (0139)?
Balance-sheet figures for Central Wealth Group Holdings Ltd (as of Nov 13, 2026): return on equity −17.4%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 0139 from its 52-week high?
Central Wealth Group Holdings Ltd trades at HK$0.0780, about 82% below its 52-week high of HK$0.4350 and 37% above the low of HK$0.0570 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1388 is for.
Which stocks are comparable to Central Wealth Group Holdings Ltd?
From the same area (Financial Services) we also value Morgan Stanley, 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 Central Wealth Group Holdings Ltd stock attractive at the current price?
The data as of Nov 13, 2026: price HK$0.0780, calculated fair value HK$0.1388 (+78%), Quality Score 53/100, from 2 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 0139 calculated?
We run Central Wealth Group Holdings Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of HK$0.1388 builds on their evidence-weighted average, 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 13.9% above its aggregate fair value. Central Wealth Group Holdings Ltd currently trades 44% 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 Central Wealth Group Holdings Ltd (0139)?
The closing price on Nov 13, 2026 was HK$0.0780. Our model-based fair value is HK$0.1388, about +78% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Central Wealth Group Holdings Ltd right now?
The price is below even our cautious bear case (HK$0.1069). 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 (53/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Central Wealth Group Holdings Ltd

How large is the market capitalisation of Central Wealth Group Holdings Ltd (0139)?
The market capitalisation of Central Wealth Group Holdings Ltd is HK$115M (≈ $14.7M). 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 return on equity of Central Wealth Group Holdings Ltd (0139)?
The return on equity (ROE) of Central Wealth Group Holdings Ltd is −17.4% (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 Central Wealth Group Holdings Ltd (0139)?
On an EBIT basis the return on assets of Central Wealth Group Holdings Ltd is −9.5% (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 Central Wealth Group Holdings Ltd (0139)?
The operating margin of Central Wealth Group Holdings Ltd is −69.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Central Wealth Group Holdings Ltd (0139) generate?
Central Wealth Group Holdings Ltd generates revenue of −HK$76.5M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Central Wealth Group Holdings Ltd (0139)?
Revenue at Central Wealth Group Holdings Ltd is growing −2.6% versus a year earlier (3y avg −30.8%). 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 Central Wealth Group Holdings Ltd (0139)?
Earnings per share at Central Wealth Group Holdings Ltd are growing −87.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Central Wealth Group Holdings Ltd (0139) generate?
The free cash flow of Central Wealth Group Holdings Ltd is −HK$106M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Central Wealth Group Holdings Ltd (0139) carry?
The net debt of Central Wealth Group Holdings Ltd is HK$38.0M (fiscal year 2025). 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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