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China Minsheng Financial Holding Corp Ltd (0245) Fair Value & Analysis

Financial Services · HK · Market cap HK$2.0B (≈ $249M) · ISIN HK0000268943

What is China Minsheng Financial Holding Corp Ltd really worth?

CM China Minsheng Financial Holding Corp Ltd 0245 · HK
PriceHK$1.00
Fair ValueHK$2.05
Upside+105.0%
Quality42/100

Below-average quality, trading 51% below our fair value of HK$2.05.

As of Aug 27, 2026, the fair value of China Minsheng Financial Holding Corp Ltd is HK$2.05 per share against a price of HK$1.00, so the fair value sits 105% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 109.0% net margin

Risks

!Weak Growth (revenue 5y −18.8 %/yr)
!Low debt · negative free cash flow
!Trails peers (4/11)
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
!Weak on past: 11 out of 100
Evidence: Low Range HK$1.54 – HK$2.57

Fair value as of: Aug 27, 2026

From 2 valuation models · updated 10 days ago

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$1.54). 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.
  • 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)

HK$2.40 HK$0.2400 Fair Value HK$2.05 Feb 2020 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range HK$0.2400 – HK$2.40 · fair‑value band HK$1.54 – HK$2.57 · the HK$1.00 price screens below the HK$2.05 fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

China Minsheng Financial Holding Corp Ltd (0245) currently trades at HK$1.00, while our model-based Fair Value estimate is HK$2.05, implying the stock looks roughly 51.2% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 15 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at HK$114M. Revenue declined 39.9% year over year. It earns a return on equity of 2.8%. The balance sheet holds a net cash position of HK$293M. Fundamentals as of Aug 27, 2026

Our scenario range runs from HK$1.54 (bear case) to HK$2.57 (bull case); at HK$1.00, 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 20% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 105%, 0245 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly HK$0.2729 per share, which is 13.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
P/B Multiple HK$1.54 HK$2.06 HK$2.57 55
NCAV (Graham) HK$1.21 HK$1.62 HK$2.42 54
All 2 models by family
Multiples
P/B Multiple HK$1.54 HK$2.06 HK$2.57 55
Asset-Based
NCAV (Graham) HK$1.21 HK$1.62 HK$2.42 54

Widest divergence: Multiples (HK$2.06) versus Asset-Based (HK$1.62). Highest evidence: P/B Multiple (55).

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Key figures & financial health

P/E ratio 15.0 as of Jul 1, 2026
P/S ratio 16.6 P/E × margin
EPS (TTM) HK$0.4000 price ÷ EPS = P/E 15.0
Net margin 111% FY2025
Return on equity 2.8% TTM
Return on assets (EBIT) −0.4% avg 5y
More key figures
Profitability
Operating margin −2,221% TTM
Growth
Revenue (TTM) HK$114M TTM
Revenue growth (YoY) −39.9% 3y avg −22.8%
EPS growth (YoY) +21.6%
Balance sheet & cash flow
Free cash flow −HK$121M FY2025
Net cash HK$293M FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 35

Profitability 32
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 24
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

China Vered Financial Holding Corporation Limited, an investment holding company, provides asset management, consultancy, financing, and securities advisory and brokerage services in Hong Kong, the People's Republic of China, and Japan. The company is involved in money lending services.

Full company description

China Vered Financial Holding Corporation Limited, an investment holding company, provides asset management, consultancy, financing, and securities advisory and brokerage services in Hong Kong, the People's Republic of China, and Japan. The company is involved in money lending services. The company was formerly known as China Minsheng Financial Holding Corporation Limited and changed its name to China Vered Financial Holding Corporation Limited in July 2020. China Vered Financial Holding Corporation Limited was incorporated in 1972 and is based in Wong Chuk Hang, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Minsheng Financial Holding Corp Ltd reported revenue of HK$112M in FY2025 versus HK$303M in FY2021, a compound −22.0%/yr. Reported net income was HK$124M in FY2025, compounding +14.9%/yr from FY2021.

Growth Quality 11/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$112M
Latest YoY
−79.1%
Avg. revenue 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.
−22.8%
Avg. revenue 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.
−18.8%
Avg. revenue growth/yr (24Y) 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.
+14.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+20.5% · in HKD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+20.5%
Dividend yield0.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 20.5% vs 10Y 48.5%, flattening
Operating margin (EBIT) 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.146.4% (2020) → 84.7% (2025) · falling
Worst earnings drop811% (2014) (loss year, drop beyond 100%) · in HKD
⚠ Revenue per share shrinking 19.5%/yr over ~10Y (margin trend unclear) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue −22.0%/yr
FY21 HK$303M
FY22 HK$244M
FY23 HK$114M
FY24 HK$536M
FY25 HK$112M
Net income +14.9%/yr
FY21 HK$71.2M
FY22 −HK$623M
FY23 −HK$24.8M
FY24 HK$223M
FY25 HK$124M

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Cite: Fair Value Calculator (2026). "China Minsheng Financial Holding Corp Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0245.HK

Peer Group

Asset Management · 695 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 41 · Bottom 25%
Fair Value upside +105% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 109% · Top 25%
Revenue growth −40% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 15.0× · Pricier than median
P/B 0.43× · Cheaper than 75% of peers
P/S (TTM) 17.14× · Pricier than 75% of peers
EV/EBITDA 19.1× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 40
FUTURE0 · sector 15
PAST11 · sector 24
HEALTH100 · sector 95
DIVIDEND0 · sector 81

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 408.05 kr 827.56 +103%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is China Minsheng Financial Holding Corp Ltd (0245) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of HK$2.05 versus a price of HK$1.00, about +105% upside (undervalued).
What is the fair value of 0245?
Our model-based fair value for China Minsheng Financial Holding Corp Ltd is HK$2.05 (as of Aug 27, 2026), built from audited fundamentals. The current price: HK$1.00.
What is the quality score of 0245?
China Minsheng Financial Holding Corp Ltd has a Quality Score of 42/100. 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 China Minsheng Financial Holding Corp Ltd (0245)?
Our model-based price target is the fair value of HK$2.05 (as of Aug 27, 2026) from 2 valuation models. Cautious scenario HK$1.54, optimistic scenario HK$2.57. It is a calculation from audited fundamentals, not an analyst target.
What is the China Minsheng Financial Holding Corp Ltd stock forecast for 2026?
Our models put fair value at HK$2.05, about +105% upside versus a price of HK$1.00 (undervalued). Cautious scenario HK$1.54, optimistic scenario HK$2.57. The calculation is refreshed regularly with new filings.
What is the revenue of China Minsheng Financial Holding Corp Ltd (0245)?
China Minsheng Financial Holding Corp Ltd reported trailing-twelve-month revenue of about HK$114M (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 0245?
The net profit margin of China Minsheng Financial Holding Corp Ltd is about 109.0%, meaning it keeps roughly 109.0% of revenue as net income. Based on the latest reported figures.
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