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New Century Group Hong Kong Ltd (0234) fair value: what the stock is really worth

As of Sep 29, 2026: fair value of New Century Group Hong Kong Ltd HK$0.05, price HK$0.04, upside +26.7%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · HK · ISIN BMG644581396

NC Thin data Sep 29, 2026

New Century Group Hong Kong Ltd

0234 · HK

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value HK$0.0456 · Undervalued (+26.7%)
✓Quality 61/100
!Weak Growth (revenue 5y −4.2 %/yr)
!Loss-making · -42.6% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (5/10)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$0.1290 HK$0.0230 Fair Value HK$0.0456 Aug 2019 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.

How to read this chart

60‑month range HK$0.0230 – HK$0.1290 · fair‑value band HK$0.0408 – HK$0.0533 · the HK$0.0360 price screens below the HK$0.0456 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 29, 2026.

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Company profile

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.

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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.

Stock analysis

New Century Group Hong Kong Ltd (0234) currently trades at HK$0.0360, while our model-based Fair Value estimate is HK$0.0456, implying the stock looks roughly 21.1% undervalued today.

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Valuation

How firm this estimate is: it rests on 12 models at a data quality of 81/100, which puts the evidence level at low.

Scenario range: HK$0.0408 (bear) to HK$0.0533 (bull), the price of HK$0.0360 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 61/100 (solid quality), in the Financial Services sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

New Century Group Hong Kong Ltd 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.

Key figures

Market cap HK$208M (≈ $26.5M) · P/S ratio 2.51 · Net margin −35.1% · Return on equity −1.2% · Return on assets (EBIT) 1.2% · Operating margin −1.2% · Revenue (TTM) HK$66.8M · Revenue growth (YoY) −28.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 28% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 21% fair-value upside, at 27%, 0234 screens cheaper than that median.

Fair Value models

Bear HK$0.0408 Fair Value HK$0.0456 Bull HK$0.0533
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. 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.
Highest evidence
Growth DCF HK$0.4200 HK$0.5100 HK$0.6600 80
NCAV (Graham) HK$0.1300 HK$0.1700 HK$0.2600 54
All 2 models by family
Asset-Based
NCAV (Graham) HK$0.1300 HK$0.1700 HK$0.2600 54
Growth DCF
Growth DCF HK$0.4200 HK$0.5100 HK$0.6600 80

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Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 45

Profitability 6
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−5.9%
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.
+0.4%
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.
−4.2%
Start year 2021 (pandemic). Over 10 years: −1.2% a year
Revenue growth 26 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.
+5.3%
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.
50.4% (2020) → 10.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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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.Mortgage Finance · 90 stocks

Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 60 · Top 25%
Fair Value upside +26.7% · Above median
Profitability
Return on assets 0.1% · Bottom 25%
Net margin (TTM) −42.6% · Bottom 25%
Operating margin (TTM) −1.2% · Bottom 25%
Growth and dividend
Revenue growth −28.1% · Bottom 25%

Valuation Multiplesvs Mortgage Finance median · lower = cheaper

P/S (TTM) 0.40× · Cheapest 25%
P/FCF 0.2× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)69 · sector 1
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 37
HEALTH (low debt)100 · sector 24
DIVIDEND (yield)0 · sector 100

Context: sector, industry, market

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 Mortgage Finance stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Federal Home Loan Mortgage Corporation FMCCT $12.00 $24.00 +100%
Rocket Companies, Inc RKT $12.17 $2.81 −77%
Federal National Mortgage Association FNMAS $8.40 $2.00 −76%
Bajaj Housing Finance Limited BAJAJHFL ₹83.14 ₹25.20 −70%
PennyMac Financial Services, Inc PFSI $65.46 $125.39 +92%
UWM Holdings UWMC $1.22 $0.2100 −83%
LIC Housing Finance Limited LICHSGFIN ₹564.15 ₹1,128 +100%
PNB Housing Finance Limited PNBHOUSING ₹1,098 ₹1,329 +21%
Aadhar Housing Finance Limited AADHARHFC ₹444.50 ₹584.64 +32%
Walker & Dunlop, Inc WD $37.98 $32.25 −15%

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HK$0.0456 +21%Fair Value
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Cite: Fair Value Calculator (2026). "New Century Group Hong Kong Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0234

Frequently asked questions

Is New Century Group Hong Kong Ltd (0234) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of HK$0.0456 versus a price of HK$0.0360, about +27% upside (undervalued).
What is the fair value of 0234?
Our model-based fair value for New Century Group Hong Kong Ltd is HK$0.0456 (as of Sep 29, 2026), built from audited fundamentals. The current price: HK$0.0360.
What is the quality score of 0234?
New Century Group Hong Kong Ltd has a Quality Score of 61/100. 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 New Century Group Hong Kong Ltd (0234)?
Our model-based price target is the fair value of HK$0.0456 (as of Sep 29, 2026) from 2 valuation models. Cautious scenario HK$0.0408, optimistic scenario HK$0.0533. It is a calculation from audited fundamentals, not an analyst target.
What is the New Century Group Hong Kong Ltd stock forecast for 2026?
Our models put fair value at HK$0.0456, about +27% upside versus a price of HK$0.0360 (undervalued). Cautious scenario HK$0.0408, optimistic scenario HK$0.0533. The calculation is refreshed regularly with new filings.
What is the revenue of New Century Group Hong Kong Ltd (0234)?
New Century Group Hong Kong Ltd reported trailing-twelve-month revenue of about HK$66.8M (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of New Century Group Hong Kong Ltd (0234)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For New Century Group Hong Kong Ltd it is HK$0.0456 per share (as of Sep 29, 2026), against a price of HK$0.0360. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is New Century Group Hong Kong Ltd stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0234 trades below its calculated fair value: price HK$0.0360, fair value HK$0.0456, a gap of about +27% (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 0234?
No. The price is what the market pays today (HK$0.0360); the fair value is what the company's own numbers justify (HK$0.0456). For New Century Group Hong Kong Ltd the two are HK$0.0096 per share apart. That gap is exactly why we show both numbers side by side.
How much is New Century Group Hong Kong Ltd worth?
The market values New Century Group Hong Kong Ltd at about HK$208M (market capitalisation, as of Sep 29, 2026). Per share that is HK$0.0360; our models calculate a fair value of HK$0.0456 per share.
What do the bullish and bearish scenarios say about 0234?
Our models span a range for New Century Group Hong Kong Ltd: cautious scenario HK$0.0408, base HK$0.0456, optimistic HK$0.0533 per share (as of Sep 29, 2026, price HK$0.0360). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of New Century Group Hong Kong Ltd (0234)?
Balance-sheet figures for New Century Group Hong Kong Ltd (as of Sep 29, 2026): return on equity −1.2%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 0234 from its 52-week high?
New Century Group Hong Kong Ltd trades at HK$0.0360, about 28% below its 52-week high of HK$0.0500 and 33% above the low of HK$0.0270 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0456 is for.
Which stocks are comparable to New Century Group Hong Kong Ltd?
From the same area (Financial Services) we also value Federal Home Loan Mortgage Corporation, Rocket Companies, Inc, Federal National Mortgage Association, Bajaj Housing Finance Limited, 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 New Century Group Hong Kong Ltd stock attractive at the current price?
The data as of Sep 29, 2026: price HK$0.0360, calculated fair value HK$0.0456 (+27%), Quality Score 61/100, 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 0234 calculated?
We run New Century Group Hong Kong 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$0.0456, 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 14.9 % above its aggregate fair value. New Century Group Hong Kong Ltd currently trades 21 % 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 New Century Group Hong Kong Ltd (0234)?
The closing price on Sep 29, 2026 was HK$0.0360. Our model-based fair value is HK$0.0456, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with New Century Group Hong Kong Ltd right now?
The price is below even our cautious bear case (HK$0.0408). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 New Century Group Hong Kong Ltd

How large is the market capitalisation of New Century Group Hong Kong Ltd (0234)?
The market capitalisation of New Century Group Hong Kong Ltd is HK$208M (≈ $26.5M). 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 New Century Group Hong Kong Ltd (0234)?
The price-to-sales ratio of New Century Group Hong Kong Ltd is 2.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of New Century Group Hong Kong Ltd (0234)?
The net margin of New Century Group Hong Kong Ltd is −35.1% (fiscal year 2026). 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 New Century Group Hong Kong Ltd (0234)?
The return on equity (ROE) of New Century Group Hong Kong Ltd is −1.2% (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 New Century Group Hong Kong Ltd (0234)?
On an EBIT basis the return on assets of New Century Group Hong Kong Ltd is 1.2% (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 New Century Group Hong Kong Ltd (0234)?
The operating margin of New Century Group Hong Kong Ltd is −1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at New Century Group Hong Kong Ltd (0234)?
Revenue at New Century Group Hong Kong Ltd is growing −28.1% versus a year earlier (3y avg +0.4%). 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 New Century Group Hong Kong Ltd (0234)?
Earnings per share at New Century Group Hong Kong Ltd are growing −32.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does New Century Group Hong Kong Ltd (0234) generate?
The free cash flow of New Century Group Hong Kong Ltd is HK$164M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does New Century Group Hong Kong Ltd (0234) hold?
New Century Group Hong Kong Ltd holds more cash than debt, HK$820M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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