Raymond Industrial Limited (0229) Fair Value & Analysis
Consumer Cyclical · HK · Market cap HK$421M
Fair value as of: Aug 2, 2026
From 11 valuation models · updated 8 days ago
Share price −6.0% over the past month.
A solid business, screening 95% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$1.08). The market is more pessimistic than our downside scenario.
- 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$1.08 to HK$1.97) 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 Aug 2, 2026.
How to read this chart
60‑month range HK$0.5349 – HK$0.9473 · fair‑value band HK$1.08 – HK$1.97 · the HK$0.7900 price screens below the HK$1.54 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Raymond Industrial Limited (0229) currently trades at HK$0.7900, while our model-based Fair Value estimate is HK$1.54, implying the stock looks roughly 94.9% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.
Over the trailing twelve months, Raymond Industrial Limited generated revenue of HK$1.1B at a net margin of 4.3%. Revenue grew 0.1% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of HK$286M. Fundamentals as of Aug 2, 2026
Our scenario range runs from HK$1.08 (bear case) to HK$1.97 (bull case); at HK$0.7900, the current price sits below 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 17% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 95%, 0229 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.
All 11 models by family
Widest divergence: Multiples (HK$1.57) versus Asset-Based (HK$0.8900). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 48
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
Raymond Industrial Limited, together with its subsidiaries, designs, manufactures, and sells electrical household products in Asia, Europe, Latin America, North America, and internationally.
Full company description
Raymond Industrial Limited, together with its subsidiaries, designs, manufactures, and sells electrical household products in Asia, Europe, Latin America, North America, and internationally. It offers environmental products, batteries, health and personal care products, and kitchen products, as well as other small and medium-sized electrical household appliances. The company is also involved in the provision of property holding activities. Raymond Industrial Limited was incorporated in 1964 and is headquartered in Sha Tin, Hong Kong.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Raymond Industrial Limited reported revenue of HK$1.1B in FY2025 versus HK$1.4B in FY2021, a compound −6.8%/yr. Reported net income was HK$46.4M in FY2025, compounding +2.6%/yr from FY2021.
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Peer Group
Furnishings, Fixtures & Appliances · 311 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 Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥82.71 | ¥107.22 | +30% |
| Gree Electric Appliances, Inc 000651 | ¥38.25 | ¥88.02 | +130% |
| Haier Smart Home Co 600690 | ¥21.46 | ¥36.04 | +68% |
| King Slide Works Co 2059 | 8,655 TWD | 1,917 TWD | -78% |
| Guangdong Songfa Ceramics Co 603268 | ¥155.59 | ¥38.95 | -75% |
| SharkNinja, Inc SN | $154.53 | $89.07 | -42% |
| Hisense Home Appliances Group 000921 | ¥26.33 | ¥48.03 | +82% |
| Zhejiang Supor Co 002032 | ¥43.85 | ¥44.84 | +2% |
| COWAY Co 021240 | 96,700 KRW | 112,530 KRW | +16% |
| Ecovacs Robotics Co 603486 | ¥50.13 | ¥54.11 | +8% |
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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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