Winfull Group Holdings Ltd (0183) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Winfull Group Holdings Ltd HK$0.10, price HK$0.15, upside -37.9%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$0.1230 – HK$0.6000 · fair‑value band HK$0.0581 – HK$0.1547 · the HK$0.1530 price screens above the HK$0.0950 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Winfull Group Holdings Limited, an investment holding company, engages in the property investment, development, and trading businesses in Hong Kong, the United Kingdom, and Japan. It also provides art installation, interior design, and architecture works services; security investment and trading; and money lending services.
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Winfull Group Holdings Limited, an investment holding company, engages in the property investment, development, and trading businesses in Hong Kong, the United Kingdom, and Japan. It also provides art installation, interior design, and architecture works services; security investment and trading; and money lending services. The company was formerly known as Richfield Group Holdings Limited and changed its name to Winfull Group Holdings Limited in March 2015. Winfull Group Holdings Limited was incorporated in 2002 and is headquartered in Central, Hong Kong. Winfull Group Holdings Limited is a subsidiary of Virtue Partner Group Limited.
Stock analysis
Winfull Group Holdings Ltd (0183) currently trades at HK$0.1530, while our model-based Fair Value estimate is HK$0.0950, implying the stock looks roughly 61.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.8400 per share, and 7 of the 7 models we run sit above the HK$0.1530 price.
Bear case: the Multiples group reads lowest at HK$0.4700, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.0581 (bear) to HK$0.1547 (bull), the price of HK$0.1530 sits inside 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 60/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Winfull Group Holdings Ltd reported revenue of HK$44.4M in FY2024 versus HK$26.8M in FY2020, a compound +13.5%/yr. Reported net income was −HK$66.6M in FY2024.
Key figures
Market cap HK$86.7M (≈ $11.1M) · P/S ratio 1.14 · EPS (TTM) HK$−0.0200 · Net margin −150% · Return on equity −3.7% · Return on assets (EBIT) −0.2% · Operating margin 1.7% · Revenue (TTM) HK$74.9M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −38%, 0183 screens richer than that median.
Fair Value models
Bear HK$0.0581Fair Value HK$0.0950Bull HK$0.1547
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.39/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.0%
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.
+10.0%
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.
+5.7%
Revenue growth 24 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.
+0.6%
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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.
−11.0% (2018) → −59.7% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +6.8% a year for the price.
Compare Winfull Group Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Real Estate Services · 547 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−38% · Below median
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−65% · Bottom 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth127% · Top 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/S (TTM)0.15× · Cheapest 25%
P/FCF1.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)100· sector 12
PAST (return on equity)0· sector 16
HEALTH (low debt)100· sector 83
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Winfull Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0183
Frequently asked questions
Is Winfull Group Holdings Ltd (0183) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$0.0950 versus a price of HK$0.1530, about −38% upside (overvalued).
What is the fair value of 0183?
Our model-based fair value for Winfull Group Holdings Ltd is HK$0.0950 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.1530.
What is the quality score of 0183?
Winfull Group Holdings Ltd has a Quality Score of 60/100. 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 Winfull Group Holdings Ltd (0183)?
Our model-based price target is the fair value of HK$0.0950 (as of Sep 24, 2026) from 7 valuation models. Cautious scenario HK$0.0581, optimistic scenario HK$0.1547. It is a calculation from audited fundamentals, not an analyst target.
What is the Winfull Group Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.0950, about −38% upside versus a price of HK$0.1530 (overvalued). Cautious scenario HK$0.0581, optimistic scenario HK$0.1547. The calculation is refreshed regularly with new filings.
What is the revenue of Winfull Group Holdings Ltd (0183)?
Winfull Group Holdings Ltd reported trailing-twelve-month revenue of about HK$74.9M (latest available figure, as of Sep 24, 2026).
What growth is priced into Winfull Group Holdings Ltd (0183)?
For today's price to be fair in a discounted-cash-flow model, Winfull Group Holdings Ltd would have to grow free cash flow by +9.0 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0183 use?
Our models discount Winfull Group Holdings Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.30, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Winfull Group Holdings Ltd that is +9.0 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Winfull Group Holdings Ltd (0183) delivered so far?
Over the past 5 years revenue at Winfull Group Holdings Ltd grew +5.7 % a year. The price currently implies +9.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Winfull Group Holdings Ltd (0183) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Winfull Group Holdings Ltd (+9.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Winfull Group Holdings Ltd (0183)?
The free-cash-flow yield on the price is 10.61 %: that much free cash flow Winfull Group Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Winfull Group Holdings Ltd (0183)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Winfull Group Holdings Ltd it is HK$0.0950 per share (as of Sep 24, 2026), against a price of HK$0.1530. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Winfull Group Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0183 trades above its calculated fair value: price HK$0.1530, fair value HK$0.0950, a gap of about −38% (overvalued). 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 0183?
No. The price is what the market pays today (HK$0.1530); the fair value is what the company's own numbers justify (HK$0.0950). For Winfull Group Holdings Ltd the two are HK$0.0580 per share apart. That gap is exactly why we show both numbers side by side.
How much is Winfull Group Holdings Ltd worth?
The market values Winfull Group Holdings Ltd at about HK$86.7M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.1530; our models calculate a fair value of HK$0.0950 per share.
What do the bullish and bearish scenarios say about 0183?
Our models span a range for Winfull Group Holdings Ltd: cautious scenario HK$0.0581, base HK$0.0950, optimistic HK$0.1547 per share (as of Sep 24, 2026, price HK$0.1530). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Winfull Group Holdings Ltd (0183)?
Balance-sheet figures for Winfull Group Holdings Ltd (as of Sep 24, 2026): return on equity −3.7%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 0183 from its 52-week high?
Winfull Group Holdings Ltd trades at HK$0.1530, about 27% below its 52-week high of HK$0.2090 and 15% above the low of HK$0.1330 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0950 is for.
Which stocks are comparable to Winfull Group Holdings Ltd?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Winfull Group Holdings Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$0.1530, calculated fair value HK$0.0950 (−38%), Quality Score 60/100, from 7 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 0183 calculated?
We run Winfull Group Holdings Ltd through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.0950, 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 14.0 % above its aggregate fair value. Winfull Group Holdings Ltd itself currently trades above fair value. 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 Winfull Group Holdings Ltd (0183)?
The closing price on Sep 24, 2026 was HK$0.1530. Our model-based fair value is HK$0.0950, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Winfull Group Holdings Ltd right now?
The model range is unusually wide (HK$0.0581 to HK$0.1547). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (60/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Winfull Group Holdings Ltd
How large is the market capitalisation of Winfull Group Holdings Ltd (0183)?
The market capitalisation of Winfull Group Holdings Ltd is HK$86.7M (≈ $11.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Winfull Group Holdings Ltd (0183)?
The price-to-sales ratio of Winfull Group Holdings Ltd is 1.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Winfull Group Holdings Ltd (0183)?
Earnings per share at Winfull Group Holdings Ltd are HK$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Winfull Group Holdings Ltd (0183)?
The net margin of Winfull Group Holdings Ltd is −150% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Winfull Group Holdings Ltd (0183)?
The return on equity (ROE) of Winfull Group Holdings Ltd is −3.7% (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 Winfull Group Holdings Ltd (0183)?
On an EBIT basis the return on assets of Winfull Group Holdings Ltd is −0.2% (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 Winfull Group Holdings Ltd (0183)?
The operating margin of Winfull Group Holdings Ltd is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Winfull Group Holdings Ltd (0183)?
Revenue at Winfull Group Holdings Ltd is growing +127% versus a year earlier (3y avg +10.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Winfull Group Holdings Ltd (0183) carry?
The net debt of Winfull Group Holdings Ltd is HK$186M (fiscal year 2024, ≈ 20.2 yrs of FCF). 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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