Winfull Group Holdings Ltd (0183) fair value: what the stock is really worth
We calculate from audited financials what Winfull Group Holdings Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Real Estate · HK · Market cap HK$82.2M (≈ $10.5M) · ISIN KYG9704H1130
At a glance
WGWinfull Group Holdings Ltd0183 · HK
PriceHK$0.1450
Fair ValueHK$0.3630
Upside+150.3%
Quality60/100
A solid business, trading 60% below our fair value of HK$0.3630.
As of Sep 7, 2026, the fair value of Winfull Group Holdings Ltd is HK$0.3630 per share against a price of HK$0.1450, so the fair value sits 150% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +5.7 %/yr)
!Loss-making · -65.4% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (7/11)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
Evidence: LowRange HK$0.2900 to HK$0.5270
Fair value as of: Sep 7, 2026
From 9 valuation models · updated 3 days ago
Fair value updated Sep 7, 2026, revised from HK$0.1600 to HK$0.3630 (+126.9%) since Aug 13, 2026. Share price +3.6% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case (HK$0.2900). 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 (60/100) at a price below fair value, the discount is the argument here, not the business quality.
A fairly wide model range (HK$0.2900 to HK$0.5270) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.
How to read this chart
60‑month range HK$0.1230 – HK$0.6000 · fair‑value band HK$0.2900 – HK$0.5270 · the HK$0.1450 price screens below the HK$0.3630 fair value. Dashed = 300-day average. As of Sep 7, 2026.
Winfull Group Holdings Ltd (0183) currently trades at HK$0.1450, while our model-based Fair Value estimate is HK$0.3630, implying the stock looks roughly 60.1% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Real Estate sector. Bull case: the Asset-Based group reads highest at a median of HK$1.57 per share, and 9 of the 9 models we run sit above the HK$0.1450 price. Bear case: the Dividend Discount group reads lowest at HK$0.2000, and 0 of the 9 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Winfull Group Holdings Ltd generated revenue of HK$74.9M at a net margin of −65.4%. Revenue grew 126.8% year over year. It earns a return on equity of −3.7%. Net debt stands at HK$186M. Fundamentals as of Sep 7, 2026
Scenario range: HK$0.2900 (bear) to HK$0.5270 (bull), the price of HK$0.1450 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 55% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −20% fair-value upside, at 150%, 0183 screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
FCF DCF best evidenceHK$0.4500HK$0.5200HK$0.750079
Growth DCFHK$0.4300HK$0.5500HK$0.720077
5Y Revenue ExitHK$0.4200HK$0.5400HK$0.780071
All 9 models by family
DCF Models
FCF DCF best evidenceHK$0.4500HK$0.5200HK$0.750079
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Key figures & financial health
P/S ratio1.14TTM
EPS (TTM)HK$−0.0200
Dividend yield11.8%
Net margin−150%FY2024
Return on equity−3.7%TTM
Return on assets (EBIT)−0.2%avg 5y
More key figures
Profitability
Operating margin1.7%TTM
Growth
Revenue (TTM)HK$74.9MTTM
Revenue growth (YoY)+127%3y avg +10.0%
Balance sheet & cash flow
Free cash flowHK$9.2MFY2024
Net debtHK$186MFY2024 · ≈ 20.2 yrs of FCF
Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality60/100
Of which business quality 62
· Market factors (momentum, volatility) 32
Profitability2
Margins and returns on capital today
Quality Growth79
Are margins and returns improving?
Cashflow86
Earnings quality: real cash, not paper profit
Fin. Strength57
Balance sheet, leverage, solvency risk
Investment100
Disciplined investing over empire-building
Low Volatility66
Calm price path (market factor)
Momentum23
Price trend over the last 3–12 months (market factor)
52W Momentum7
Distance to the 52-week high (market factor)
Net Issuance80
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
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.
Growth Quality 39/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
HK$44.4M
Latest YoY
+8.0%
Avg. revenue 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.
+10.0%
Avg. revenue 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. revenue growth/yr (24Y) ⓘ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.
+0.6%
EBIT 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)
Value creation/yr ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
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
Peer Group
Real Estate Services · 529 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.
Valuation
Quality Score62 · Above median
Fair Value upside+10% · Above median
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−65% · Bottom 25%
Operating margin (TTM)2% · Bottom 25%
Growth and dividend
Revenue growth127% · Top 25%
Dividend yield (TTM)11.8% · Top 25%
Valuation Multiples vs Real Estate Services median · lower = cheaper
P/S (TTM)0.15× · Cheapest 25%
P/FCF1.2× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Winfull Group Holdings Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+12.2 % per year
Achieved revenue growth, 5 years+5.7 % p.a.
Sector median revenue growth+1.5 %
FCF yield on price11.20 %
Discount rate (WACC) in the models11.8 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 31
FUTURE100· sector 10
PAST0· sector 17
HEALTH100· sector 84
DIVIDEND100· sector 64
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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).
Is Winfull Group Holdings Ltd (0183) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of HK$0.3630 versus a price of HK$0.1450, about +150% upside (undervalued).
What is the fair value of 0183?
Our model-based fair value for Winfull Group Holdings Ltd is HK$0.3630 (as of Sep 7, 2026), built from audited fundamentals. The current price: HK$0.1450.
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$0.3630 (as of Sep 7, 2026) from 9 valuation models. Cautious scenario HK$0.2900, optimistic scenario HK$0.5270. 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$0.3630, about +150% upside versus a price of HK$0.1450 (undervalued). Cautious scenario HK$0.2900, optimistic scenario HK$0.5270. 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 7, 2026).
What is the net profit margin of 0183?
The net profit margin of Winfull Group Holdings Ltd is about −65.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Winfull Group Holdings Ltd pay a dividend?
Winfull Group Holdings Ltd currently shows a dividend yield of about 11.76% relative to its recent price (as of Sep 7, 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 +12.2 % per year for ten years (discount rate 11.8 %, then 2 % perpetual growth). Over the last 5 years revenue grew +5.7 % per year. As of Sep 7, 2026.
What discount rate (WACC) does the fair value of 0183 use?
Our models discount Winfull Group Holdings Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.30, country premium for Hong Kong. The same rate applies in all 26 models.
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$0.3630 per share (as of Sep 7, 2026), against a price of HK$0.1450. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Winfull Group Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 7, 2026, 0183 trades below its calculated fair value: price HK$0.1450, fair value HK$0.3630, a gap of about +150% (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 0183?
No. The price is what the market pays today (HK$0.1450); the fair value is what the company's own numbers justify (HK$0.3630). For Winfull Group Holdings Ltd the two are HK$0.2180 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$82.2M (market capitalisation, as of Sep 7, 2026). Per share that is HK$0.1450; our models calculate a fair value of HK$0.3630 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$0.2900, base HK$0.3630, optimistic HK$0.5270 per share (as of Sep 7, 2026, price HK$0.1450). 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 7, 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$0.1450, about 55% below its 52-week high of HK$0.3250 and 11% above the low of HK$0.1310 (as of Sep 7, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.3630 is for.
Which stocks are comparable to Winfull Group Holdings Ltd?
From the same area (Real Estate) we also value CBRE Group, Vonovia SE, Cellnex Telecom, S.A, KE Holdings, 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 7, 2026: price HK$0.1450, calculated fair value HK$0.3630 (+150%), Quality Score 60/100, from 9 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 9 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$0.3630, with the spread shown as a cautious and an optimistic scenario.
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