EN DE

ITC Properties Group (0199) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$2.6B

IP ITC Properties Group 0199 · HK
PriceHK$2.80
Fair ValueHK$0.8400
Upside-70.0%
Quality60/100
Watch ITC Properties Group for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Loss-making · -110.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 0/100
Evidence: Medium Range HK$0.4000 – HK$1.33 Share as image

Fair value as of: Aug 2, 2026

From 9 valuation models · updated 8 days ago

Fair value updated Aug 2, 2026, revised from HK$0.9600 to HK$0.8400 (−12.5%) since Jul 1, 2026. Share price +25.0% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$1.33). The favourable scenario is already priced in.
  • The model range is unusually wide (HK$0.4000 to HK$1.33). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$2.85 HK$0.1830 Fair Value HK$0.8400 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$0.1830 – HK$2.85 · fair‑value band HK$0.4000 – HK$1.33 · the HK$2.80 price screens above the HK$0.8400 fair value. Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

ITC Properties Group (0199) currently trades at HK$2.80, while our model-based Fair Value estimate is HK$0.8400, implying the stock looks roughly 70.0% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Trailing-twelve-month revenue stands at HK$388M. Revenue declined 23.9% year over year. It earns a return on equity of -22.5%. Net debt stands at HK$889M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.4000 (bear case) to HK$1.33 (bull case); at HK$2.80, the current price sits above 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 4% below its 52-week high, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -70%, 0199 screens richer 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$1.74 HK$3.41 HK$6.11 80
Rev-Margin DCF HK$1.49 HK$2.71 HK$5.27 74
Gordon GGM HK$0.3900 HK$0.7700 HK$1.17 70
All 9 models by family
DCF Models
FCF DCF HK$1.86 HK$2.92 HK$6.24 38
5Y Revenue Exit HK$1.35 HK$2.36 HK$4.47 39
10Y Revenue Exit HK$1.47 HK$3.24 HK$4.32 36
Dividend Discount
Gordon GGM HK$0.3900 HK$0.7700 HK$1.17 70
DDM Multi-Stage HK$0.3900 HK$0.6600 HK$0.8100 61
Multiples
EV/Revenue HK$1.02 HK$1.50 HK$1.98 43
Asset-Based
NCAV (Graham) HK$0.9900 HK$1.33 HK$1.98 50
Growth DCF
Growth DCF HK$1.74 HK$3.41 HK$6.11 80
Rev-Margin DCF HK$1.49 HK$2.71 HK$5.27 74

Widest divergence: DCF Models (HK$2.92) versus Dividend Discount (HK$0.6600). Highest evidence: Growth DCF (80).

Notify me when 0199 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$388M
Revenue growth (YoY) -23.9%
Net margin -111%
Return on equity -22.5%
Free cash flow HK$135M FY2025
Operating margin -1,370%
More key figures
EPS (TTM) HK$-0.4700
EPS growth (YoY) -77.6%
Net debt HK$889M FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 64 · Market factors (momentum, volatility) 85

Profitability 0
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 91
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

ITC Properties Group Limited, an investment holding company, primarily engages in the property development and investment activities in the Hong Kong, Macau, the United Kingdom, People's Republic of China, Canada, and internationally. It operates through Property, Hotel and Leisure, Securities Investments, and Finance segments.

Full company description

ITC Properties Group Limited, an investment holding company, primarily engages in the property development and investment activities in the Hong Kong, Macau, the United Kingdom, People's Republic of China, Canada, and internationally. It operates through Property, Hotel and Leisure, Securities Investments, and Finance segments. The company is also involved in the investment, development, and sale of properties; investment in and management of hotels; trading and investment of securities; and provision of loan financing, and management services. In addition, it engages in the money lending business and corporate secretarial services. ITC Properties Group Limited was incorporated in 1994 and is based in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ITC Properties Group reported revenue of HK$398M in FY2025 versus HK$262M in FY2021, a compound +11.0%/yr. Reported net income was −HK$813M in FY2025.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$398M
Latest YoY
+258.4%
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.
+5.7%
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.
+13.0%
Avg. growth/yr (22Y) 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.
+10.9%
Revenue +11.0%/yr
FY21 HK$262M
FY22 HK$337M
FY23 HK$93.9M
FY24 HK$111M
FY25 HK$398M
Net income
FY21 −HK$662M
FY22 HK$566M
FY23 −HK$147M
FY24 −HK$645M
FY25 −HK$813M

0199 screens 70% overvalued. Compare with Marriott International, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "ITC Properties Group Fair Value". https://www.fairvalue-calculator.com/stock/0199

Peer Group

Lodging · 168 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 62 · Top 25%
Fair Value upside −70% · Bottom 25%
Return on assets -8% · Bottom 25%
Net margin (TTM) -111% · Bottom 25%
Revenue growth -24% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Lodging median · lower = cheaper

P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.86× · Cheaper than median
P/FCF 2.5× · 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 0 · sector 1
FUTURE 0 · sector 18
PAST 0 · sector 11
HEALTH 96 · sector 90
DIVIDEND 0 · sector 23

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

Compare ITC Properties Group with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is ITC Properties Group (0199) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.8400 versus a price of HK$2.80, about −70% (overvalued).
What is the fair value of 0199?
Our model-based fair value for ITC Properties Group is HK$0.8400 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$2.80.
What is the quality score of 0199?
ITC Properties Group 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 revenue of ITC Properties Group (0199)?
ITC Properties Group reported trailing-twelve-month revenue of about HK$388M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0199?
The net profit margin of ITC Properties Group is about -110.5%, 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.

14 days Pro free · no card

Track ITC Properties Group and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.