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Southeast Asia Properties & Finance Limited (0252) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$361M

SA Southeast Asia Properties & Finance Limited 0252 · HK
PriceHK$1.60
Fair ValueHK$0.5100
Upside-68.1%
Quality44/100
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Weak Growth
Loss-making · -9.9% net margin
Low debt · generates free cash flow
1.87% dividend yield
Trails peers (4/12)
Narrow moat 19/100
Evidence: High Range HK$0.4000 – HK$0.5500 Share as image

Fair value as of: Aug 2, 2026

From 15 valuation models · updated 8 days ago

Fair value updated Aug 2, 2026, revised from HK$0.5400 to HK$0.5100 (−5.6%) since Jul 1, 2026.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.5500). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

HK$3.56 HK$1.28 Fair Value HK$0.5100 Mar 2021 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$1.28 – HK$3.56 · fair‑value band HK$0.4000 – HK$0.5500 · the HK$1.60 price screens above the HK$0.5100 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Southeast Asia Properties & Finance Limited (0252) currently trades at HK$1.60, while our model-based Fair Value estimate is HK$0.5100, implying the stock looks roughly 68.1% overvalued today. The Quality Score stands at 44/100 (below-average 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: high).

Over the trailing twelve months, Southeast Asia Properties & Finance Limited generated revenue of HK$233M at a net margin of -9.9%. Revenue grew 0.4% year over year. It earns a return on equity of -2.1%. Net debt stands at HK$269M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.4000 (bear case) to HK$0.5500 (bull case); at HK$1.60, 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 1% below its 52-week high and 1% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -68%, 0252 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$0.2400 HK$0.2800 HK$0.3500 80
Rev-Margin DCF HK$0.4800 HK$0.7200 HK$1.01 74
ROIC Compounder HK$0.4900 HK$0.5400 HK$0.5900 72
All 15 models by family
DCF Models
FCF DCF HK$0.2400 HK$0.2800 HK$0.3500 38
5Y Revenue Exit HK$0.4800 HK$0.7200 HK$1.06 39
5Y EBITDA Exit HK$0.5700 HK$0.8700 HK$1.27 41
10Y Revenue Exit HK$0.3600 HK$0.5100 HK$0.6800 36
10Y EBITDA Exit HK$0.4200 HK$0.6000 HK$0.7900 37
Earnings-Based
EPV HK$0.4900 HK$0.5400 HK$0.5900 59
Dividend Discount
Gordon GGM HK$0.2300 HK$0.2500 HK$0.2800 70
DDM Multi-Stage HK$0.2300 HK$0.2800 HK$0.3300 61
Multiples
EV/EBIT HK$0.8100 HK$1.05 HK$1.29 53
EV/EBITDA HK$0.9400 HK$1.23 HK$1.51 54
EV/Revenue HK$0.7200 HK$0.9800 HK$1.25 43
Asset-Based
NCAV (Graham) HK$2.47 HK$3.31 HK$4.94 50
Growth DCF
Growth DCF HK$0.2400 HK$0.2800 HK$0.3500 80
Rev-Margin DCF HK$0.4800 HK$0.7200 HK$1.01 74
Economic Profit
ROIC Compounder HK$0.4900 HK$0.5400 HK$0.5900 72

Widest divergence: Asset-Based (HK$3.31) versus Dividend Discount (HK$0.2500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$233M
Revenue growth (YoY) +0.4%
Net margin -9.9%
Return on equity -2.1%
Free cash flow HK$3.9M FY2025
Operating margin 3.7%
More key figures
EPS (TTM) HK$-0.1000
Dividend yield 1.9%
EPS growth (YoY) -83.7%
Net debt HK$269M FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 61

Profitability 6
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 82
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

Southeast Asia Properties & Finance Limited, an investment holding company, manufactures and distributes plastic packaging materials in Hong Kong, the People's Republic of China, rest of Asia, Oceania, North America, and Europe. The company invests in, develops, and leases properties; and operates hotels.

Full company description

Southeast Asia Properties & Finance Limited, an investment holding company, manufactures and distributes plastic packaging materials in Hong Kong, the People's Republic of China, rest of Asia, Oceania, North America, and Europe. The company invests in, develops, and leases properties; and operates hotels. In addition, it provides stock and futures broking, securities broking and margin financing, and commodities dealing services. Further, the company engages in trading plastic products, as well as warehousing and selling of scrap plastic materials; and co-working space operation business. Southeast Asia Properties & Finance Limited was incorporated in 1972 and is headquartered in Tsim Sha Tsui, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Southeast Asia Properties & Finance Limited reported revenue of HK$232M in FY2025 versus HK$260M in FY2021, a compound −2.8%/yr. Reported net income was −HK$25.6M in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$232M
Latest YoY
+20.5%
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.
−5.4%
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.
−6.5%
Avg. growth/yr (25Y) 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.
+0.9%
Revenue −2.8%/yr
FY21 HK$260M
FY22 HK$274M
FY23 HK$239M
FY24 HK$193M
FY25 HK$232M
Net income
FY21 HK$6.3M
FY22 HK$26.5M
FY23 HK$27.8M
FY24 HK$56.4M
FY25 −HK$25.6M

0252 screens 68% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Southeast Asia Properties & Finance Limited Fair Value". https://www.fairvalue-calculator.com/stock/0252

Peer Group

Packaging & Containers · 272 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 44 · Below median
Fair Value upside −68% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth 0% · Above median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 11.7× · Pricier than 75% of peers
EV/EBITDA 1.2× · Cheaper than 75% of peers

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 9
FUTURE 2 · sector 1
PAST 0 · sector 21
HEALTH 98 · sector 92
DIVIDEND 37 · sector 42

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

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Southeast Asia Properties & Finance Limited (0252) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.5100 versus a price of HK$1.60, about −68% (overvalued).
What is the fair value of 0252?
Our model-based fair value for Southeast Asia Properties & Finance Limited is HK$0.5100 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$1.60.
What is the quality score of 0252?
Southeast Asia Properties & Finance Limited has a Quality Score of 44/100. 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 Southeast Asia Properties & Finance Limited (0252)?
Southeast Asia Properties & Finance Limited reported trailing-twelve-month revenue of about HK$233M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0252?
The net profit margin of Southeast Asia Properties & Finance Limited is about -9.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Southeast Asia Properties & Finance Limited pay a dividend?
Southeast Asia Properties & Finance Limited currently shows a dividend yield of about 1.87% relative to its recent price (as of Aug 2, 2026).

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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