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Kong Sun Holdings Ltd (0295) Fair Value & Analysis

Utilities · HK · Market cap HK$224M (≈ $28.6M) · ISIN HK0000120151

What is Kong Sun Holdings Ltd really worth?

KS Kong Sun Holdings Ltd 0295 · HK
PriceHK$0.0160
Fair ValueHK$0.0157
Upside−1.9%
Quality53/100

A solid business, currently priced close to our fair value of HK$0.0157.

As of Aug 25, 2026, the fair value of Kong Sun Holdings Ltd is HK$0.0157 per share against a price of HK$0.0160, so the fair value sits 2% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −26.3 %/yr)
!Loss-making · -67.0% net margin
!Mixed vs. peers (5/12)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range HK$0.0146 – HK$0.0163

Fair value as of: Aug 25, 2026

From 9 valuation models · updated 12 days ago

Fair value updated Aug 25, 2026, revised from HK$0.0165 to HK$0.0157 (−4.8%) since Aug 13, 2026.

What runs behind every stock

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

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The models converge in a tight band (HK$0.0146 to HK$0.0163), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

HK$0.0980 HK$0.0130 Fair Value HK$0.0157 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range HK$0.0130 – HK$0.0980 · fair‑value band HK$0.0146 – HK$0.0163 · the HK$0.0160 price screens above the HK$0.0157 fair value. Dashed = 300-day average. As of Aug 25, 2026.

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Analysis

Kong Sun Holdings Ltd (0295) currently trades at HK$0.0160, while our model-based Fair Value estimate is HK$0.0157, implying the stock looks roughly 1.9% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Utilities sector. Bull case: the DCF Models group reads highest at a median of HK$0.1500 per share, and 7 of the 9 models we run sit above the HK$0.0160 price. Bear case: the Multiples group reads lowest at HK$0.0100, and 2 of the 9 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Kong Sun Holdings Ltd generated revenue of HK$321M at a net margin of −67.0%. Revenue declined 29.7% year over year. It earns a return on equity of −10.6%. Net debt stands at HK$1.6B. Fundamentals as of Aug 25, 2026

Our scenario range runs from HK$0.0146 (bear case) to HK$0.0163 (bull case); at HK$0.0160, the current price sits within 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 56% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −2%, 0295 screens cheaper than that median.

Fair Value models

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
FCF DCF HK$0.1300 HK$0.2000 HK$0.4000 74
Growth DCF HK$0.1200 HK$0.2200 HK$0.3700 73
5Y EBITDA Exit HK$0.0400 HK$0.0800 HK$0.1400 70
All 9 models by family
DCF Models
FCF DCF HK$0.1300 HK$0.2000 HK$0.4000 74
5Y Revenue Exit HK$0.0500 HK$0.0800 HK$0.1600 67
5Y EBITDA Exit HK$0.0400 HK$0.0800 HK$0.1400 70
10Y Revenue Exit HK$0.0800 HK$0.1600 HK$0.1900 65
10Y EBITDA Exit HK$0.0800 HK$0.1500 HK$0.2600 64
Multiples
EV/EBITDA HK$0.0100 HK$0.0200 62
EV/Revenue HK$0.0100 HK$0.0300 50
Asset-Based
NCAV (Graham) HK$0.0700 HK$0.0900 HK$0.1300 54
Growth DCF
Growth DCF HK$0.1200 HK$0.2200 HK$0.3700 73

Widest divergence: Growth DCF (HK$0.2200) versus Multiples (HK$0.0100). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 0.70 TTM
Net margin −67.0% FY2025
Return on equity −10.6% TTM
Return on assets (EBIT) 0.9% avg 5y
Operating margin −36.3% TTM
Revenue (TTM) HK$321M TTM
More key figures
Growth
Revenue growth (YoY) −29.7% 3y avg −16.7%
Balance sheet & cash flow
Free cash flow HK$216M FY2025
Net debt HK$1.6B FY2025 · ≈ 7.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 29

Profitability 1
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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.

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

Kong Sun Holdings Limited, an investment holding company, engages in the operation of solar power plants in the People's Republic of China. The company operates through the Solar Power Plants and Financial Services segments.

Full company description

Kong Sun Holdings Limited, an investment holding company, engages in the operation of solar power plants in the People's Republic of China. The company operates through the Solar Power Plants and Financial Services segments. It is involved in the investment and operation of solar power plants; and provision of online micro-lending and related credit facilitation services. As of 31 December 2025, the company holds 11 grid-connected solar power plants in Shaanxi, Anhui, Inner Mongolia, Hubei and Shanxi in China, with a total installed capacity of 290 megawatts and a total power generation of approximately 300,736 megawatt-hours. Kong Sun Holdings Limited was incorporated in 1955 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kong Sun Holdings Ltd reported revenue of 321M CNY in FY2025 versus 993M CNY in FY2021, a compound −24.6%/yr. Reported net income was −215M CNY in FY2025.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$321M
Latest YoY
−18.2%
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.
−16.7%
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.
−26.3%
Avg. revenue 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.
+9.1%
EBIT 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.
41.3% (2020) → −9.1% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −24.6%/yr
FY21 993M CNY
FY22 556M CNY
FY23 475M CNY
FY24 393M CNY
FY25 321M CNY
Net income
FY21 −937M CNY
FY22 −295M CNY
FY23 −336M CNY
FY24 −523M CNY
FY25 −215M CNY

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Cite: Fair Value Calculator (2026). "Kong Sun Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0295.HK

Peer Group

Utilities - Renewable · 212 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 53 · Above median
Fair Value upside +25% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) −67% · Bottom 25%
Operating margin (TTM) −36% · Bottom 25%
Revenue growth −30% · Bottom 25%
Debt / equity 0.35× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 11.9× · Pricier than median
PEG 2.75× · 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
VALUE67 · sector 3
FUTURE0 · sector 0
PAST0 · sector 14
HEALTH83 · sector 68
DIVIDEND0 · sector 44

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%
Ørsted A/S ORSTED kr 139.25 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.79 ¥5.57 −43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 −87%
AXIA Energia SA AXIAP $10.74 $9.49 −12%
VERBUND AG VER €59.65 €55.03 −8%
BEP BEP $31.27 $70.40 +125%
BEPUN BEPUN C$45.05 C$42.83 −5%
Fortum Oyj FORTUM €19.80 €13.55 −32%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 −53%

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Frequently asked questions

Is Kong Sun Holdings Ltd (0295) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of HK$0.0157 versus a price of HK$0.0160, about −2% upside (fairly valued).
What is the fair value of 0295?
Our model-based fair value for Kong Sun Holdings Ltd is HK$0.0157 (as of Aug 25, 2026), built from audited fundamentals. The current price: HK$0.0160.
What is the quality score of 0295?
Kong Sun Holdings Ltd has a Quality Score of 53/100. 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 Kong Sun Holdings Ltd (0295)?
Our model-based price target is the fair value of HK$0.0157 (as of Aug 25, 2026) from 9 valuation models. Cautious scenario HK$0.0146, optimistic scenario HK$0.0163. It is a calculation from audited fundamentals, not an analyst target.
What is the Kong Sun Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.0157, about −2% upside versus a price of HK$0.0160 (fairly valued). Cautious scenario HK$0.0146, optimistic scenario HK$0.0163. The calculation is refreshed regularly with new filings.
What is the revenue of Kong Sun Holdings Ltd (0295)?
Kong Sun Holdings Ltd reported trailing-twelve-month revenue of about HK$321M (latest available figure, as of Aug 25, 2026).
What is the net profit margin of 0295?
The net profit margin of Kong Sun Holdings Ltd is about −67.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
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