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Superland Group (0368) Fair Value & Analysis

Industrials · HK · Market cap HK$2.1B

SG Superland Group 0368 · HK
PriceHK$5.20
Fair ValueHK$0.4400
Upside-91.5%
Quality44/100
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Mixed Growth
Thin margins · 2.5% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 33/100
Evidence: High Range HK$0.3100 – HK$0.5800 Share as image

Fair value as of: Aug 2, 2026

From 15 valuation models · updated 8 days ago

Share price +154.9% over the past month.

Below-average quality, and screening another 92% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.5800). 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.
  • A fairly wide model range (HK$0.3100 to HK$0.5800) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$5.20 HK$0.2040 Fair Value HK$0.4400 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$0.2040 – HK$5.20 · fair‑value band HK$0.3100 – HK$0.5800 · the HK$5.20 price screens above the HK$0.4400 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Superland Group (0368) currently trades at HK$5.20, while our model-based Fair Value estimate is HK$0.4400, implying the stock looks roughly 91.5% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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, Superland Group generated revenue of HK$901M at a net margin of 2.5%. Revenue declined 9.6% year over year. It earns a return on equity of 9.9%. Net debt stands at HK$469M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.3100 (bear case) to HK$0.5800 (bull case); at HK$5.20, 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 near its 52-week high. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -92%, 0368 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
Residual Income HK$0.2500 HK$0.2700 HK$0.3600 76
ROIC Compounder HK$0.6000 HK$0.7100 HK$0.8200 72
Gordon GGM HK$0.1500 HK$0.1700 HK$0.1900 70
All 15 models by family
DCF Models
Owner Earnings HK$0.3400 HK$0.4500 HK$0.6500 31
Earnings-Based
Graham-Dodd HK$0.1900 HK$0.2800 HK$0.3300 54
EPV HK$0.6000 HK$0.6800 HK$0.7600 59
Dividend Discount
Gordon GGM HK$0.1500 HK$0.1700 HK$0.1900 70
DDM Multi-Stage HK$0.1500 HK$0.1900 HK$0.2400 61
Multiples
P/E Multiple HK$0.4400 HK$0.5800 HK$0.7300 63
P/S Multiple HK$0.3500 HK$0.4700 HK$0.5900 58
P/B Multiple HK$0.3500 HK$0.4700 HK$0.5900 55
EV/EBIT HK$0.9100 HK$1.20 HK$1.49 53
EV/EBITDA HK$0.7700 HK$1.02 HK$1.26 54
EV/Revenue HK$0.6600 HK$0.9300 HK$1.19 43
Asset-Based
NCAV (Graham) HK$0.1400 HK$0.1900 HK$0.2900 50
Economic Profit
Residual Income HK$0.2500 HK$0.2700 HK$0.3600 76
ROIC Compounder HK$0.6000 HK$0.7100 HK$0.8200 72
Growth Earnings
Growth-Adj P/E HK$0.3100 HK$0.4400 HK$0.5800 68

Widest divergence: Multiples (HK$0.5800) versus Dividend Discount (HK$0.1700). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$901M
Revenue growth (YoY) -9.6%
Net margin 2.5%
Return on equity 9.9%
Free cash flow −HK$20.3M FY2025
P/E ratio 86.7
More key figures
Operating margin 7.6%
EPS (TTM) HK$0.0100
EPS growth (YoY) +23.4%
Net debt HK$469M 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 41 · Market factors (momentum, volatility) 85

Profitability 36
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

Superland Group Holdings Limited, an investment holding company, engages in the provision fitting-out, and repair and maintenance services in Hong Kong. The company offers fitting-out services for residential, clubhouse, hotel, shopping mall and commercial properties. It also provides Oodles Smart, an interior design platform.

Full company description

Superland Group Holdings Limited, an investment holding company, engages in the provision fitting-out, and repair and maintenance services in Hong Kong. The company offers fitting-out services for residential, clubhouse, hotel, shopping mall and commercial properties. It also provides Oodles Smart, an interior design platform. The company was formerly known as Superland Management Company Limited and changed its name to Superland Group Holdings Limited in December 2019. The company was incorporated in 2019 and is headquartered in Kowloon Bay, Hong Kong. Superland Group Holdings Limited is a subsidiary of Fate Investment Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Superland Group reported revenue of HK$901M in FY2025 versus HK$798M in FY2021, a compound +3.1%/yr. Reported net income was HK$22.3M in FY2025, compounding +15.3%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$901M
Latest YoY
−0.2%
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.
+3.2%
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.
+5.8%
Avg. growth/yr (12Y) 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.
−3.1%
Revenue +3.1%/yr
FY21 HK$798M
FY22 HK$819M
FY23 HK$1.0B
FY24 HK$902M
FY25 HK$901M
Net income +15.3%/yr
FY21 HK$12.6M
FY22 HK$28.1M
FY23 HK$22.2M
FY24 HK$18.9M
FY25 HK$22.3M

0368 screens 92% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Superland Group Fair Value". https://www.fairvalue-calculator.com/stock/0368

Peer Group

Engineering & Construction · 839 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 −92% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -10% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 86.7× · Pricier than 75% of peers
P/B 9.08× · Pricier than 75% of peers
P/S (TTM) 2.31× · Pricier than 75% of peers
EV/EBITDA 36.7× · Pricier 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 16
FUTURE 0 · sector 17
PAST 40 · sector 26
HEALTH 96 · sector 94
DIVIDEND 0 · sector 33

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

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Superland Group (0368) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.4400 versus a price of HK$5.20, about −92% (overvalued).
What is the fair value of 0368?
Our model-based fair value for Superland Group is HK$0.4400 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$5.20.
What is the quality score of 0368?
Superland Group 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 Superland Group (0368)?
Superland Group reported trailing-twelve-month revenue of about HK$901M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0368?
The net profit margin of Superland Group is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.

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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