China Pipe Group Ltd (0380) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of China Pipe Group Ltd HK$0.88, price HK$0.13, upside +604.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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$0.0580 – HK$0.1850 · fair‑value band HK$0.6800 – HK$1.10 · the HK$0.1250 price screens below the HK$0.8800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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China Pipe Group Limited, an investment holding company, engages in the trading of construction materials in Hong Kong, Macau, and Mainland China. It engages in the wholesale and retail of copper tube, ductile iron, and steel pipe related products, as well as fittings. The company also provides warehousing and logistics services.
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China Pipe Group Limited, an investment holding company, engages in the trading of construction materials in Hong Kong, Macau, and Mainland China. It engages in the wholesale and retail of copper tube, ductile iron, and steel pipe related products, as well as fittings. The company also provides warehousing and logistics services. It offers its products to contractors, designers, consultants, and government agencies. The company was formerly known as Softpower International Limited and changed its name to China Pipe Group Limited in June 2021. China Pipe Group Limited was founded in 1949 and is headquartered in Mong Kok, Hong Kong.
Stock analysis
China Pipe Group Ltd (0380) currently trades at HK$0.1250, while our model-based Fair Value estimate is HK$0.8800, implying the stock looks roughly 85.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$1.52 per share, and 22 of the 22 models we run sit above the HK$0.1250 price.
Bear case: the Asset-Based group reads lowest at HK$0.4400, and 0 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.6800 (bear) to HK$1.10 (bull), the price of HK$0.1250 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 65/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
China Pipe Group Ltd reported revenue of HK$645M in FY2025 versus HK$682M in FY2021, a compound −1.4%/yr. Reported net income was HK$56.0M in FY2025, compounding −0.2%/yr from FY2021.
Key figures
Market cap HK$167M (≈ $21.2M) · P/E ratio 3.4 · P/S ratio 0.29 · EPS (TTM) HK$0.0200 · Net margin 8.7% · Return on equity 6.6% · Return on assets (EBIT) 6.9% · Operating margin 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 604%, 0380 screens cheaper than that median.
Fair Value models
Bear HK$0.6800Fair Value HK$0.8800Bull HK$1.10
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0151 per share) are deliberately not added.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.
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.64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−17.6%
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.
+0.5%
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.
+5.4%
Start year 2020 (pandemic). Over 10 years: +0.5% a year
Revenue growth 25 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.
+1.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+22.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘ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.22.7% vs 5.1%, picking up
Profit margin 2020 to 2025 ⓘ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.7% → 9%
Price, fair value, quality and upside side by side.
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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.Home Improvement Retail · 32 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)6.6% · Below median
Return on assets3.2% · Below median
Net margin (TTM)8.7% · Top 25%
Operating margin (TTM)7.2% · Above median
Growth and dividend
Revenue growth−22.4% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Home Improvement Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "China Pipe Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0380
Frequently asked questions
Is China Pipe Group Ltd (0380) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of HK$0.8800 versus a price of HK$0.1250, about +604% upside (undervalued).
What is the fair value of 0380?
Our model-based fair value for China Pipe Group Ltd is HK$0.8800 (as of Sep 29, 2026), built from audited fundamentals. The current price: HK$0.1250.
What is the quality score of 0380?
China Pipe Group Ltd has a Quality Score of 65/100. 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 Pipe Group Ltd (0380)?
Our model-based price target is the fair value of HK$0.8800 (as of Sep 29, 2026) from 22 valuation models. Cautious scenario HK$0.6800, optimistic scenario HK$1.10. It is a calculation from audited fundamentals, not an analyst target.
What is the China Pipe Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.8800, about +604% upside versus a price of HK$0.1250 (undervalued). Cautious scenario HK$0.6800, optimistic scenario HK$1.10. The calculation is refreshed regularly with new filings.
What is the revenue of China Pipe Group Ltd (0380)?
China Pipe Group Ltd reported trailing-twelve-month revenue of about HK$645M (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of China Pipe Group Ltd (0380)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Pipe Group Ltd it is HK$0.8800 per share (as of Sep 29, 2026), against a price of HK$0.1250. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is China Pipe Group Ltd stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0380 trades below its calculated fair value: price HK$0.1250, fair value HK$0.8800, a gap of about +604% (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 0380?
No. The price is what the market pays today (HK$0.1250); the fair value is what the company's own numbers justify (HK$0.8800). For China Pipe Group Ltd the two are HK$0.7550 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Pipe Group Ltd worth?
The market values China Pipe Group Ltd at about HK$167M (market capitalisation, as of Sep 29, 2026). Per share that is HK$0.1250; our models calculate a fair value of HK$0.8800 per share.
What do the bullish and bearish scenarios say about 0380?
Our models span a range for China Pipe Group Ltd: cautious scenario HK$0.6800, base HK$0.8800, optimistic HK$1.10 per share (as of Sep 29, 2026, price HK$0.1250). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0380?
China Pipe Group Ltd trades at a price-to-earnings ratio of 3.4 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.8800 is built from several models across several years. Other multiples: P/B 0.2, P/S 0.3.
How solid is the balance sheet of China Pipe Group Ltd (0380)?
Balance-sheet figures for China Pipe Group Ltd (as of Sep 29, 2026): return on equity 6.6%, debt of 0.05 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 0380 from its 52-week high?
China Pipe Group Ltd trades at HK$0.1250, about 19% below its 52-week high of HK$0.1540 and 11% above the low of HK$0.1130 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.8800 is for.
Which stocks are comparable to China Pipe Group Ltd?
From the same area (Consumer Cyclical) we also value The Home Depot, Inc, Lowe's Companies, Inc, Wesfarmers Limited, Floor & Decor Holdings, 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 China Pipe Group Ltd stock attractive at the current price?
The data as of Sep 29, 2026: price HK$0.1250, calculated fair value HK$0.8800 (+604%), Quality Score 65/100, from 22 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 0380 calculated?
We run China Pipe Group Ltd through 22 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$0.8800, 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 14.5 % above its aggregate fair value. China Pipe Group Ltd currently trades 86 % 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 China Pipe Group Ltd (0380)?
The closing price on Oct 2, 2026 was HK$0.1250. Our model-based fair value is HK$0.8800, about +604% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Pipe Group Ltd right now?
The price is below even our cautious bear case (HK$0.6800). 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. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of China Pipe Group Ltd (0380) come from?
Earnings per share at China Pipe Group Ltd grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.1 %, EBIT margin +4.3 %, tax rate +0.0 %, residual (interest, one-offs) +0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of China Pipe Group Ltd
How large is the market capitalisation of China Pipe Group Ltd (0380)?
The market capitalisation of China Pipe Group Ltd is HK$167M (≈ $21.2M). 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 China Pipe Group Ltd (0380)?
The price-to-sales ratio of China Pipe Group Ltd is 0.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of China Pipe Group Ltd (0380)?
Earnings per share at China Pipe Group Ltd are HK$0.0200 (price ÷ EPS = P/E 3.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of China Pipe Group Ltd (0380)?
The net margin of China Pipe Group Ltd is 8.7% (fiscal year 2025). 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 China Pipe Group Ltd (0380)?
The return on equity (ROE) of China Pipe Group Ltd is 6.6% (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 China Pipe Group Ltd (0380)?
On an EBIT basis the return on assets of China Pipe Group Ltd is 6.9% (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 China Pipe Group Ltd (0380)?
The operating margin of China Pipe Group Ltd is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Pipe Group Ltd (0380)?
Revenue at China Pipe Group Ltd is growing −22.4% versus a year earlier (3y avg +0.5%). 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 China Pipe Group Ltd (0380)?
Earnings per share at China Pipe Group Ltd are growing −52.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does China Pipe Group Ltd (0380) generate?
The free cash flow of China Pipe Group Ltd is HK$184M (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 China Pipe Group Ltd (0380) hold?
China Pipe Group Ltd holds more cash than debt, HK$389M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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