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Lippo China Resources Limited (0156) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$910M

LC Lippo China Resources Limited 0156 · HK
PriceHK$1.01
Fair ValueHK$1.36
Upside+34.7%
Quality49/100
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Mixed Growth
Loss-making · -7.1% net margin
Low debt · generates free cash flow
Trails peers (4/12)
Narrow moat 5/100
Evidence: Medium Range HK$1.01 – HK$1.36 Share as image

Fair value as of: Aug 2, 2026

From 10 valuation models · updated 8 days ago

Share price +2.0% over the past month.

Below-average quality, screening 35% undervalued on our models.

What matters now

  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from HK$1.01 (bear) to HK$1.36 (bull), base HK$1.36. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$1.39 HK$0.6100 Fair Value HK$1.36 Jun 2020 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$0.6100 – HK$1.39 · fair‑value band HK$1.01 – HK$1.36 · the HK$1.01 price screens below the HK$1.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Lippo China Resources Limited (0156) currently trades at HK$1.01, while our model-based Fair Value estimate is HK$1.36, implying the stock looks roughly 34.7% undervalued today. The Quality Score stands at 49/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Lippo China Resources Limited generated revenue of HK$864M at a net margin of -7.1%. Revenue grew 12.8% year over year. It earns a return on equity of -2.7%. Net debt stands at HK$844M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$1.01 (bear case) to HK$1.36 (bull case); at HK$1.01, the current price sits within 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 11% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 35%, 0156 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.

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
Growth DCF HK$5.89 80
Rev-Margin DCF HK$4.99 74
EV/EBITDA HK$3.17 54
All 10 models by family
DCF Models
FCF DCF HK$9.07 38
Owner Earnings HK$1.36 HK$18.59 31
5Y Revenue Exit HK$5.89 39
5Y EBITDA Exit HK$14.05 41
10Y Revenue Exit HK$4.99 36
10Y EBITDA Exit HK$11.33 37
Multiples
EV/EBITDA HK$3.17 54
Asset-Based
NCAV (Graham) HK$45.79 HK$61.65 HK$92.03 50
Growth DCF
Growth DCF HK$5.89 80
Rev-Margin DCF HK$4.99 74

Widest divergence: Asset-Based (HK$61.65) versus DCF Models (HK$1.36). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$864M
Revenue growth (YoY) +12.8%
Net margin -7.1%
Return on equity -2.7%
Free cash flow HK$29.6M FY2026
Operating margin -2.0%
More key figures
EPS (TTM) HK$-0.0900
Net debt HK$844M FY2026

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 68

Profitability 10
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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

Lippo China Resources Limited, an investment holding company, engages in the food, property management, and other businesses in Hong Kong, Mainland China, Singapore, Malaysia, and internationally. It operates through Property Investment, Treasury Investment, Securities Investment, Food Businesses, Healthcare Services, Property Management, and Other segments.

Full company description

Lippo China Resources Limited, an investment holding company, engages in the food, property management, and other businesses in Hong Kong, Mainland China, Singapore, Malaysia, and internationally. It operates through Property Investment, Treasury Investment, Securities Investment, Food Businesses, Healthcare Services, Property Management, and Other segments. The company is involved in the wholesale of confectionery and bakery products, and beverages; manufacture and sale of bread, cakes, and other bakery and pastry products; provision of food management, training services, consultation, supply, and related matters; manufacture and retail, and trading of food products, as well as owns and operates restaurants, bistros, cafes, kiosk, café-bakeries, and bakery corners. It also engages in the development, letting, sale, and resale of real estate properties, as well as offers property management and real estate agency services. In addition, the company is involved in the exploration, extraction, and processing of minerals; investment in a closed-end fund; and provision of fund management services. Further, it engages in healthcare management and financing activities; provision of management, commercial and other consulting, and catering services; and development of software products, as well as invests in money markets and securities. The company was incorporated in 1973 and is headquartered in Central, Hong Kong. Lippo China Resources Limited is a subsidiary of Skyscraper Realty Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Lippo China Resources Limited reported revenue of HK$864M in FY2026 versus HK$649M in FY2022, a compound +7.4%/yr. Reported net income was −HK$61.3M in FY2026.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$864M
Latest YoY
+11.5%
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.
+12.5%
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.
+5.7%
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.
−4.8%
Revenue +7.4%/yr
FY22 HK$649M
FY23 HK$607M
FY24 HK$739M
FY25 HK$775M
FY26 HK$864M
Net income
FY22 HK$48.7M
FY23 −HK$278M
FY24 −HK$146M
FY25 −HK$684M
FY26 −HK$61.3M

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Cite: Fair Value Calculator (2026). "Lippo China Resources Limited Fair Value". https://www.fairvalue-calculator.com/stock/0156

Peer Group

Restaurants · 227 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 49 · Below median
Fair Value upside +35% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 13% · Top 25%
Debt / equity 0.44× · Higher than 75% of peers

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 3.9× · Pricier than median
EV/EBITDA 50.9× · Pricier 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 80 · sector 28
FUTURE 64 · sector 20
PAST 0 · sector 16
HEALTH 78 · sector 97
DIVIDEND 0 · sector 58

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

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is Lippo China Resources Limited (0156) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$1.36 versus a price of HK$1.01, about +35% (undervalued).
What is the fair value of 0156?
Our model-based fair value for Lippo China Resources Limited is HK$1.36 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$1.01.
What is the quality score of 0156?
Lippo China Resources Limited has a Quality Score of 49/100. 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 Lippo China Resources Limited (0156)?
Lippo China Resources Limited reported trailing-twelve-month revenue of about HK$864M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0156?
The net profit margin of Lippo China Resources Limited is about -7.1%, 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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