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Chinney Alliance Group (0385) Fair Value & Analysis

Industrials · HK · Market cap HK$164M

CA Chinney Alliance Group 0385 · HK
PriceHK$0.2450
Fair ValueHK$0.2123
Upside-13.4%
Quality45/100
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Mixed Growth
Loss-making · -0.1% net margin
Low debt · generates free cash flow
3.64% dividend yield
Mixed vs. peers (4/10)
Narrow moat 16/100
Evidence: Medium Range HK$0.1884 – HK$0.2650 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.2121 to HK$0.2123 (+0.1%) since Aug 2, 2026. Share price −5.8% over the past month.

Below-average quality, and screening another 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from HK$0.1884 (bear) to HK$0.2650 (bull), base HK$0.2123. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$0.9997 HK$0.2440 Fair Value HK$0.2123 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.2440 – HK$0.9997 · fair‑value band HK$0.1884 – HK$0.2650 · the HK$0.2450 price screens above the HK$0.2123 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Chinney Alliance Group (0385) currently trades at HK$0.2450, while our model-based Fair Value estimate is HK$0.2123, implying the stock looks roughly 13.4% overvalued today. The Quality Score stands at 45/100 (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: medium).

Over the trailing twelve months, Chinney Alliance Group generated revenue of HK$6.5B at a net margin of -0.1%. Revenue declined 24.6% year over year. It earns a return on equity of 1.4%. The balance sheet holds a net cash position of HK$26.6M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1884 (bear case) to HK$0.2650 (bull case); at HK$0.2450, 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 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -13%, 0385 screens cheaper 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$2.25 HK$2.51 HK$2.82 80
ROIC Compounder HK$2.26 HK$2.33 HK$2.39 72
Gordon GGM HK$0.1700 HK$0.2900 HK$0.3800 70
All 15 models by family
DCF Models
FCF DCF HK$2.26 HK$2.53 HK$2.90 38
Owner Earnings HK$1.78 HK$1.85 HK$1.93 31
5Y Revenue Exit HK$2.64 HK$3.36 HK$4.30 39
5Y EBITDA Exit HK$3.52 HK$5.04 HK$6.88 41
10Y Revenue Exit HK$2.43 HK$2.98 HK$3.76 36
10Y EBITDA Exit HK$2.94 HK$4.00 HK$5.49 37
Earnings-Based
EPV HK$2.26 HK$2.33 HK$2.39 59
Dividend Discount
Gordon GGM HK$0.1700 HK$0.2900 HK$0.3800 70
DDM Multi-Stage HK$0.1700 HK$0.2800 HK$0.3100 61
Multiples
EV/EBIT HK$3.54 HK$4.18 HK$4.81 53
EV/EBITDA HK$4.82 HK$5.88 HK$6.94 54
EV/Revenue HK$3.00 HK$3.58 HK$4.16 43
Asset-Based
NCAV (Graham) HK$1.72 HK$2.31 HK$3.45 50
Growth DCF
Growth DCF HK$2.25 HK$2.51 HK$2.82 80
Economic Profit
ROIC Compounder HK$2.26 HK$2.33 HK$2.39 72

Widest divergence: Multiples (HK$4.18) versus Dividend Discount (HK$0.2800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$6.5B
Revenue growth (YoY) -24.6%
Net margin -0.1%
Return on equity 1.4%
Free cash flow HK$43.0M FY2025
Operating margin 0.8%
More key figures
EPS (TTM) HK$0.0300
Dividend yield 3.6%
EPS growth (YoY) -4.3%
Net cash HK$26.6M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 24

Profitability 31
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Chinney Alliance Group Limited, an investment holding company, provides building related contracting services for public and private sectors in Hong Kong, Mainland China, and Macau.

Full company description

Chinney Alliance Group Limited, an investment holding company, provides building related contracting services for public and private sectors in Hong Kong, Mainland China, and Macau. The company operates in six segments: Plastic and Chemical Products; Building Related Contracting Services; Foundation Piling and Ground Investigation; Building Construction; Aviation; and Others. It offers building related contracting services, including engineering contracting services in the air-conditioning industry and maintenance services; foundation piling, and drilling and site investigation services; and superstructure construction work services, as well as imports, markets, and distributes plastic and chemical products. The company is also involved in the distribution and installation of aviation systems and other hi-tech products, as well as mechanical, electrical, and building supplies; property holding and development business; trading of electrical, air-conditioning, and other building supply products; contracting of building aluminum works; treasury functions; and installation and maintenance of air-conditioning, waste water treatment, heat ventilation, electrical generators, mechanical, water pumps, and fire prevention and fighting systems. In addition, it trades in building decoration materials, generators, and electrical and mechanical engineering materials and equipment. Further, the company is involved in basement construction works; agency trading of industrial products; equipment and machinery leasing; construction material testing; design, installation, repair, and maintenance of electrical and mechanical systems; trading of electrical installation products; and provision of multi-discipline building services. Chinney Alliance Group Limited was incorporated in 1993 and is headquartered in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chinney Alliance Group reported revenue of HK$6.5B in FY2025 versus HK$6.8B in FY2021, a compound −1.1%/yr. Reported net income was −HK$3.0M in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$6.5B
Latest YoY
−15.5%
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.
+3.3%
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.
+5.6%
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.
+9.9%
Revenue −1.1%/yr
FY21 HK$6.8B
FY22 HK$5.9B
FY23 HK$6.0B
FY24 HK$7.7B
FY25 HK$6.5B
Net income
FY21 HK$77.4M
FY22 −HK$10.2M
FY23 HK$25.7M
FY24 HK$50.7M
FY25 −HK$3.0M
Character of growth · EPS growth decomposed (2014-2025) −16.3 % p.a.
Revenue per share +5.6 pp

of which total revenue +5.6 pp · buybacks/dilution +0.0 pp

EBIT margin −11.0 pp
Tax rate −3.7 pp
Residual (interest, one-offs) −7.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

0385 screens 13% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Chinney Alliance Group Fair Value". https://www.fairvalue-calculator.com/stock/0385

Peer Group

Engineering & Construction · 838 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 45 · Below median
Fair Value upside −14% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -25% · Bottom 25%
Dividend yield (TTM) 3.6% · Above median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/FCF 0.5× · Cheaper than median

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 14 · sector 14
FUTURE 0 · sector 14
PAST 5 · sector 26
HEALTH 100 · sector 94
DIVIDEND 73 · sector 42

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 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is Chinney Alliance Group (0385) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2123 versus a price of HK$0.2450, about −13% (overvalued).
What is the fair value of 0385?
Our model-based fair value for Chinney Alliance Group is HK$0.2123 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2450.
What is the quality score of 0385?
Chinney Alliance Group has a Quality Score of 45/100. 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 Chinney Alliance Group (0385)?
Chinney Alliance Group reported trailing-twelve-month revenue of about HK$6.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0385?
The net profit margin of Chinney Alliance Group is about -0.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Chinney Alliance Group pay a dividend?
Chinney Alliance Group currently shows a dividend yield of about 3.64% relative to its recent price (as of Aug 13, 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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