New Century Group (0234) Fair Value & Analysis
Financial Services · HK · Market cap HK$168M
Fair value as of: Aug 13, 2026
From 12 valuation models · updated 2 days ago
Fair value updated Aug 13, 2026, revised from HK$0.0326 to HK$0.0319 (−2.3%) since Aug 2, 2026. Share price −3.4% over the past month.
A solid business, screening 14% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$0.0306). The market is more pessimistic than our downside scenario.
- The models converge in a tight band (HK$0.0306 to HK$0.0325), unusually little disagreement for a valuation.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.0230 – HK$0.1290 · fair‑value band HK$0.0306 – HK$0.0325 · the HK$0.0280 price screens below the HK$0.0319 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
New Century Group (0234) currently trades at HK$0.0280, while our model-based Fair Value estimate is HK$0.0319, implying the stock looks roughly 13.9% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services 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, New Century Group generated revenue of HK$66.8M at a net margin of -42.6%. Revenue declined 28.1% year over year. It earns a return on equity of -1.2%. The balance sheet holds a net cash position of HK$820M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.0306 (bear case) to HK$0.0325 (bull case); at HK$0.0280, 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 48% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -35% fair-value upside, at 14%, 0234 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 12 models by family
Widest divergence: Growth DCF (HK$0.4000) versus Earnings-Based (HK$0.1600). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 32
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
New Century Group Hong Kong Limited, an investment holding company, engages in money lending, property investment, and securities trading business in Hong Kong and Southeast Asia. It offers mortgage and unsecured personal loans; invests in office space and commercial shops; and trades marketable securities for short-term investment purposes.
Full company description
New Century Group Hong Kong Limited, an investment holding company, engages in money lending, property investment, and securities trading business in Hong Kong and Southeast Asia. It offers mortgage and unsecured personal loans; invests in office space and commercial shops; and trades marketable securities for short-term investment purposes. The company was incorporated in 1990 and is headquartered in Central, Hong Kong. New Century Group Hong Kong Limited is a subsidiary of New Century Investment Pacific Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
New Century Group reported revenue of HK$81.1M in FY2026 versus HK$80.7M in FY2022, a compound +0.1%/yr. Reported net income was −HK$28.5M in FY2026.
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Peer Group
Mortgage Finance · 91 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 Mortgage Finance 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 Mortgage Finance stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Federal Home Loan Mortgage Corporation FMCCT | $14.62 | $29.24 | +100% |
| Rocket Companies, Inc RKT | $14.05 | $10.56 | -25% |
| Federal National Mortgage Association FNMAS | $10.02 | $2.02 | -80% |
| Bajaj Housing Finance Limited BAJAJHFL | ₹84.75 | ₹39.96 | -53% |
| LIC Housing Finance Limited LICHSGFIN | ₹502.00 | ₹1,004 | +100% |
| PNB Housing Finance Limited PNBHOUSING | ₹1,165 | ₹762.89 | -35% |
| Aadhar Housing Finance Limited AADHARHFC | ₹502.00 | ₹325.75 | -35% |
| Aptus Value Housing Finance India Limited APTUS | ₹254.75 | ₹244.80 | -4% |
| Home First Finance Company HOMEFIRST | ₹1,181 | ₹455.73 | -61% |
| Aavas Financiers Limited AAVAS | ₹1,416 | ₹675.38 | -52% |
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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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