Sunwah Kingsway Capital Holdings Ltd (0188) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sunwah Kingsway Capital Holdings Ltd HK$0.47, price HK$0.24, upside +100.0%, quality 49 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$0.1626 – HK$0.3773 · fair‑value band HK$0.3490 – HK$0.5840 · the HK$0.2350 price screens below the HK$0.4700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Sunwah Kingsway Capital Holdings Limited, an investment holding company, provides various financial services in Hong Kong, Mainland China, and internationally. It operates through Proprietary Investment, Property Investment, Brokerage and Financing, Corporate Finance and Capital Markets, Asset Management, and Others segments.
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Sunwah Kingsway Capital Holdings Limited, an investment holding company, provides various financial services in Hong Kong, Mainland China, and internationally. It operates through Proprietary Investment, Property Investment, Brokerage and Financing, Corporate Finance and Capital Markets, Asset Management, and Others segments. The Proprietary Investment segment invests in securities for treasury and liquidity management, as well as in structured deals, including listed and unlisted equities, debt securities, bond funds, and investment funds. The Property Investment segment invests in properties for rental income and capital appreciation. The Brokerage and Financing segment offers securities, options, funds, futures, and commodities brokerage services; and margin and other financing, factoring, and other related services. The Corporate Finance and Capital Markets segment provides financial advisory services to corporate clients; and acts as an underwriting and placing agent in the equity capital market. The Asset Management segment offers asset management and related advisory services to private equity funds and private clients. The Others segment provides management, administrative, and corporate secretarial services, as well as loan financing and office services. The company also provides management services; and investment advisory services. The company was formerly known as SW Kingsway Capital Holdings Limited and changed its name to Sunwah Kingsway Capital Holdings Limited in September 2011. Sunwah Kingsway Capital Holdings Limited was founded in 1990 and is headquartered in Central, Hong Kong.
Stock analysis
Sunwah Kingsway Capital Holdings Ltd (0188) currently trades at HK$0.2350, while our model-based Fair Value estimate is HK$0.4700, implying the stock looks roughly 50.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 4 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: HK$0.3490 (bear) to HK$0.5840 (bull), the price of HK$0.2350 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 49/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sunwah Kingsway Capital Holdings Ltd reported revenue of HK$53.3M in FY2025 versus HK$174M in FY2021, a compound −25.6%/yr. Reported net income was −HK$36.4M in FY2025.
Key figures
Market cap HK$177M (≈ $22.5M) · P/S ratio 2.16 · EPS (TTM) HK$−0.0200 · Dividend yield 8.5% · Net margin −68.3% · Return on equity −1.3% · Return on assets (EBIT) −2.4% · Operating margin 32.7%.
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 19% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at 100%, 0188 screens cheaper than that median.
Fair Value models
Bear HK$0.3490Fair Value HK$0.4700Bull HK$0.5840
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.0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+248.1%
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.
+5.1%
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.
−13.9%
Start year 2020 (pandemic). Over 10 years: −7.1% a year
Revenue growth 25 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.
−6.5%
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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.
−17.7% (2019) → −44.2% (2025)
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
Compare Sunwah Kingsway Capital 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.Capital Markets · 462 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+100% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−9% · Bottom 25%
Operating margin (TTM)33% · Above median
Growth and dividend
Revenue growth301% · Top 25%
Dividend yield (TTM)8.5% · Top 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
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). "Sunwah Kingsway Capital Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0188
Frequently asked questions
Is Sunwah Kingsway Capital Holdings Ltd (0188) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$0.4700 versus a price of HK$0.2350, about +100% upside (undervalued).
What is the fair value of 0188?
Our model-based fair value for Sunwah Kingsway Capital Holdings Ltd is HK$0.4700 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.2350.
What is the quality score of 0188?
Sunwah Kingsway Capital Holdings Ltd 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 price target for Sunwah Kingsway Capital Holdings Ltd (0188)?
Our model-based price target is the fair value of HK$0.4700 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario HK$0.3490, optimistic scenario HK$0.5840. It is a calculation from audited fundamentals, not an analyst target.
What is the Sunwah Kingsway Capital Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.4700, about +100% upside versus a price of HK$0.2350 (undervalued). Cautious scenario HK$0.3490, optimistic scenario HK$0.5840. The calculation is refreshed regularly with new filings.
What is the revenue of Sunwah Kingsway Capital Holdings Ltd (0188)?
Sunwah Kingsway Capital Holdings Ltd reported trailing-twelve-month revenue of about HK$85.9M (latest available figure, as of Sep 24, 2026).
Does Sunwah Kingsway Capital Holdings Ltd pay a dividend?
Sunwah Kingsway Capital Holdings Ltd currently shows a dividend yield of about 8.51% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Sunwah Kingsway Capital Holdings Ltd (0188)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sunwah Kingsway Capital Holdings Ltd it is HK$0.4700 per share (as of Sep 24, 2026), against a price of HK$0.2350. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Sunwah Kingsway Capital Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0188 trades below its calculated fair value: price HK$0.2350, fair value HK$0.4700, a gap of about +100% (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 0188?
No. The price is what the market pays today (HK$0.2350); the fair value is what the company's own numbers justify (HK$0.4700). For Sunwah Kingsway Capital Holdings Ltd the two are HK$0.2350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sunwah Kingsway Capital Holdings Ltd worth?
The market values Sunwah Kingsway Capital Holdings Ltd at about HK$177M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.2350; our models calculate a fair value of HK$0.4700 per share.
What do the bullish and bearish scenarios say about 0188?
Our models span a range for Sunwah Kingsway Capital Holdings Ltd: cautious scenario HK$0.3490, base HK$0.4700, optimistic HK$0.5840 per share (as of Sep 24, 2026, price HK$0.2350). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sunwah Kingsway Capital Holdings Ltd (0188)?
Balance-sheet figures for Sunwah Kingsway Capital Holdings Ltd (as of Sep 24, 2026): return on equity −1.3%, debt of 0.13 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 0188 from its 52-week high?
Sunwah Kingsway Capital Holdings Ltd trades at HK$0.2350, about 19% below its 52-week high of HK$0.2900 and 7% above the low of HK$0.2190 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.4700 is for.
Which stocks are comparable to Sunwah Kingsway Capital Holdings Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, 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 Sunwah Kingsway Capital Holdings Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$0.2350, calculated fair value HK$0.4700 (+100%), Quality Score 49/100, 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 0188 calculated?
We run Sunwah Kingsway Capital Holdings Ltd through 2 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$0.4700, 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 13.2 % above its aggregate fair value. Sunwah Kingsway Capital Holdings Ltd currently trades 100 % 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 Sunwah Kingsway Capital Holdings Ltd (0188)?
The closing price on Sep 24, 2026 was HK$0.2350. Our model-based fair value is HK$0.4700, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sunwah Kingsway Capital Holdings Ltd right now?
The price is below even our cautious bear case (HK$0.3490). 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 (49/100) 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 Sunwah Kingsway Capital Holdings Ltd
How large is the market capitalisation of Sunwah Kingsway Capital Holdings Ltd (0188)?
The market capitalisation of Sunwah Kingsway Capital Holdings Ltd is HK$177M (≈ $22.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sunwah Kingsway Capital Holdings Ltd (0188)?
The price-to-sales ratio of Sunwah Kingsway Capital Holdings Ltd is 2.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sunwah Kingsway Capital Holdings Ltd (0188)?
Earnings per share at Sunwah Kingsway Capital Holdings Ltd are HK$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sunwah Kingsway Capital Holdings Ltd (0188)?
The dividend yield of Sunwah Kingsway Capital Holdings Ltd is 8.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sunwah Kingsway Capital Holdings Ltd (0188)?
The net margin of Sunwah Kingsway Capital Holdings Ltd is −68.3% (fiscal year 2025). 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 Sunwah Kingsway Capital Holdings Ltd (0188)?
The return on equity (ROE) of Sunwah Kingsway Capital Holdings Ltd is −1.3% (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 Sunwah Kingsway Capital Holdings Ltd (0188)?
On an EBIT basis the return on assets of Sunwah Kingsway Capital Holdings Ltd is −2.4% (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 Sunwah Kingsway Capital Holdings Ltd (0188)?
The operating margin of Sunwah Kingsway Capital Holdings Ltd is 32.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sunwah Kingsway Capital Holdings Ltd (0188)?
Revenue at Sunwah Kingsway Capital Holdings Ltd is growing +301% versus a year earlier (3y avg +5.1%). 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 Sunwah Kingsway Capital Holdings Ltd (0188)?
Earnings per share at Sunwah Kingsway Capital Holdings Ltd are growing +8.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sunwah Kingsway Capital Holdings Ltd (0188) generate?
The free cash flow of Sunwah Kingsway Capital Holdings Ltd is −HK$22.8M (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 Sunwah Kingsway Capital Holdings Ltd (0188) carry?
The net debt of Sunwah Kingsway Capital Holdings Ltd is HK$2.4M (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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