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Hon Kwok Land Investment Company (0160) Fair Value & Analysis

Real Estate · HK · Market cap HK$562M

HK Hon Kwok Land Investment Company 0160 · HK
PriceHK$0.6900
Fair ValueHK$1.80
Upside+160.9%
Quality53/100
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Mixed Growth
Loss-making · -63.4% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 22/100
Evidence: High Range HK$0.3600 – HK$3.51 Share as image

Fair value as of: Aug 2, 2026

From 13 valuation models · updated 8 days ago

Fair value updated Aug 2, 2026, revised from HK$1.95 to HK$1.80 (−7.7%) since Jul 1, 2026. Share price −2.8% over the past month.

A solid business, screening 161% undervalued on our models.

What matters now

  • The model range is unusually wide (HK$0.3600 to HK$3.51). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$3.03 HK$0.6900 Fair Value HK$1.80 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$0.6900 – HK$3.03 · fair‑value band HK$0.3600 – HK$3.51 · the HK$0.6900 price screens below the HK$1.80 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Hon Kwok Land Investment Company (0160) currently trades at HK$0.6900, while our model-based Fair Value estimate is HK$1.80, implying the stock looks roughly 160.9% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate 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: high), always confirm before acting.

Over the trailing twelve months, Hon Kwok Land Investment Company generated revenue of HK$832M at a net margin of -63.4%. Revenue declined 43.4% year over year. It earns a return on equity of -4.7%. Net debt stands at HK$5.6B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.3600 (bear case) to HK$3.51 (bull case); at HK$0.6900, 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 161%, 0160 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$0.3900 HK$6.46 HK$15.69 80
Rev-Margin DCF HK$3.86 HK$10.71 74
Gordon GGM HK$0.4900 HK$0.8800 HK$1.20 70
All 13 models by family
DCF Models
FCF DCF HK$0.7000 HK$5.64 HK$17.47 38
5Y Revenue Exit HK$3.90 HK$11.11 39
5Y EBITDA Exit HK$0.5500 HK$7.25 HK$16.64 41
10Y Revenue Exit HK$4.30 HK$11.68 36
10Y EBITDA Exit HK$0.5000 HK$6.71 HK$17.23 37
Dividend Discount
Gordon GGM HK$0.4900 HK$0.8800 HK$1.20 70
DDM Multi-Stage HK$0.4900 HK$0.8000 HK$0.9300 61
Multiples
EV/EBIT HK$2.28 HK$5.34 HK$8.41 53
EV/EBITDA HK$0.9100 HK$3.52 HK$6.14 54
EV/Revenue HK$0.3200 HK$2.50 43
Asset-Based
NCAV (Graham) HK$7.31 HK$9.79 HK$14.61 50
Growth DCF
Growth DCF HK$0.3900 HK$6.46 HK$15.69 80
Rev-Margin DCF HK$3.86 HK$10.71 74

Widest divergence: Asset-Based (HK$9.79) versus Dividend Discount (HK$0.8000). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$832M
Revenue growth (YoY) -43.4%
Net margin -63.4%
Return on equity -4.7%
Free cash flow HK$456M FY2025
Operating margin 17.7%
More key figures
EPS (TTM) HK$-1.20
EPS growth (YoY) -21.9%
Net debt HK$5.6B FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 55 · Market factors (momentum, volatility) 30

Profitability 2
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Hon Kwok Land Investment Company, Limited, an investment holding company, engages in the property development, investment, and related activities in Hong Kong, Mainland China, and Japan. It operates in three segments: Property Development; Property Investment; and Property, Carpark Management, and Others.

Full company description

Hon Kwok Land Investment Company, Limited, an investment holding company, engages in the property development, investment, and related activities in Hong Kong, Mainland China, and Japan. It operates in three segments: Property Development; Property Investment; and Property, Carpark Management, and Others. The company's properties include commercial/office buildings, hotels, serviced apartments, data centres, and residential buildings. It also provides management services for residential and commercial properties; car park management; and nominee, financing, and money lending services. In addition, the company is involved in property holding and letting, project management, and sub-leasing of car parking activities. The company was incorporated in 1965 and is based in Central, Hong Kong. Hon Kwok Land Investment Company, Limited is a subsidiary of Chinney Investments, Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hon Kwok Land Investment Company reported revenue of HK$1.0B in FY2025 versus HK$1.3B in FY2021, a compound −5.6%/yr. Reported net income was −HK$675M in FY2025.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$1.0B
Latest YoY
−6.8%
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.
−2.9%
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.
+9.7%
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.
+7.5%
Revenue −5.6%/yr
FY21 HK$1.3B
FY22 HK$1.1B
FY23 HK$1.0B
FY24 HK$1.1B
FY25 HK$1.0B
Net income
FY21 HK$122M
FY22 HK$91.7M
FY23 HK$153M
FY24 HK$4.6M
FY25 −HK$675M
Character of growth · EPS growth decomposed (2014-2025) −26.0 % p.a.
Revenue per share +2.8 pp

of which total revenue +3.9 pp · buybacks/dilution −1.1 pp

EBIT margin −15.9 pp
Tax rate −4.9 pp
Residual (interest, one-offs) −8.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Hon Kwok Land Investment Company Fair Value". https://www.fairvalue-calculator.com/stock/0160

Peer Group

Real Estate - Development · 588 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 55 · Above median
Fair Value upside +161% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -63% · Bottom 25%
Operating margin (TTM) 18% · Above median
Revenue growth -43% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.55× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than median
EV/EBITDA 18.3× · 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 100 · sector 48
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 73 · sector 84
DIVIDEND 0 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Hon Kwok Land Investment Company (0160) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$1.80 versus a price of HK$0.6900, about +161% (undervalued).
What is the fair value of 0160?
Our model-based fair value for Hon Kwok Land Investment Company is HK$1.80 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$0.6900.
What is the quality score of 0160?
Hon Kwok Land Investment Company 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 revenue of Hon Kwok Land Investment Company (0160)?
Hon Kwok Land Investment Company reported trailing-twelve-month revenue of about HK$832M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0160?
The net profit margin of Hon Kwok Land Investment Company is about -63.4%, 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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