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Glorious Sun Enterprises Limited (0393) Fair Value & Analysis

Industrials · HK · Market cap HK$2.0B

GS Glorious Sun Enterprises Limited 0393 · HK
PriceHK$1.34
Fair ValueHK$1.10
Upside-17.6%
Quality64/100
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Healthy Growth
Thin margins · 7.7% net margin
Low debt · generates free cash flow
7.42% dividend yield
Mixed vs. peers (8/14)
Narrow moat 29/100
Evidence: High Range HK$0.8700 – HK$1.38 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 2 days ago

Share price +1.1% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from HK$0.8700 (bear) to HK$1.38 (bull), base HK$1.10. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$1.36 HK$0.4906 Fair Value HK$1.10 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$0.4906 – HK$1.36 · fair‑value band HK$0.8700 – HK$1.38 · the HK$1.34 price screens above the HK$1.10 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Glorious Sun Enterprises Limited (0393) currently trades at HK$1.34, while our model-based Fair Value estimate is HK$1.10, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 64/100 (solid 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, Glorious Sun Enterprises Limited generated revenue of HK$977M at a net margin of 7.7%. Revenue grew 28.1% year over year. It earns a return on equity of 2.9%. The balance sheet holds a net cash position of HK$1.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.8700 (bear case) to HK$1.38 (bull case); at HK$1.34, 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 2% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -18%, 0393 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$1.78 HK$2.05 HK$2.48 80
Residual Income HK$1.35 HK$1.30 HK$1.00 76
Rev-Margin DCF HK$1.48 HK$1.73 HK$2.04 74
All 24 models by family
DCF Models
FCF DCF HK$1.75 HK$2.04 HK$2.52 38
Owner Earnings HK$1.25 HK$1.38 HK$1.61 31
5Y Revenue Exit HK$1.48 HK$1.71 HK$2.03 39
5Y EBITDA Exit HK$1.49 HK$1.72 HK$2.02 41
5Y P/E Exit HK$1.62 HK$1.93 HK$2.32 38
10Y Revenue Exit HK$1.59 HK$1.75 HK$1.92 36
10Y EBITDA Exit HK$1.60 HK$1.76 HK$1.92 37
10Y P/E Exit HK$1.67 HK$1.88 HK$2.07 35
Earnings-Based
Graham-Dodd HK$0.3400 HK$0.4200 HK$0.4700 54
EPV HK$1.15 HK$1.19 HK$1.23 59
Dividend Discount
Gordon GGM HK$0.8200 HK$0.8800 HK$0.9800 70
DDM Multi-Stage HK$0.8200 HK$0.9800 HK$1.18 61
Multiples
P/E Multiple HK$0.8300 HK$1.10 HK$1.38 63
P/S Multiple HK$0.5900 HK$0.7800 HK$0.9800 58
P/B Multiple HK$0.6400 HK$0.8500 HK$1.06 55
EV/EBIT HK$1.57 HK$1.83 HK$2.08 53
EV/EBITDA HK$1.37 HK$1.56 HK$1.75 54
EV/Revenue HK$1.32 HK$1.54 HK$1.76 43
Asset-Based
NCAV (Graham) HK$1.00 HK$1.33 HK$1.99 50
Growth DCF
Growth DCF HK$1.78 HK$2.05 HK$2.48 80
Rev-Margin DCF HK$1.48 HK$1.73 HK$2.04 74
Economic Profit
Residual Income HK$1.35 HK$1.30 HK$1.00 76
ROIC Compounder HK$1.15 HK$1.19 HK$1.23 72
Growth Earnings
Growth-Adj P/E HK$0.5800 HK$0.8300 HK$1.08 68

Widest divergence: DCF Models (HK$1.75) versus Earnings-Based (HK$0.4200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$977M
Revenue growth (YoY) +28.1%
Net margin 7.7%
Return on equity 2.9%
Free cash flow HK$175M FY2025
P/E ratio 26.2 as of Jul 1, 2026
More key figures
Operating margin 7.6%
EPS (TTM) HK$0.0200
Dividend yield 7.4%
EPS growth (YoY) +17.1%
Net cash HK$1.2B FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 65

Profitability 22
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 88
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

Glorious Sun Enterprises Limited, an investment holding company, engages in the interior decoration and renovation business in Mainland China, Hong Kong, Australia, New Zealand, Canada, the United States, and internationally.

Full company description

Glorious Sun Enterprises Limited, an investment holding company, engages in the interior decoration and renovation business in Mainland China, Hong Kong, Australia, New Zealand, Canada, the United States, and internationally. The company operates through four segments: Financial Investments; Interior Decoration and Renovation; Export Operations; and Retail, Franchise and Others. The Financial Investments segment is involved in the provision of treasury management and consulting services. The Interior Decoration and Renovation segment engages in the interior decoration and renovation businesses, as well as sale of furniture. The Export Operations segment exports apparel. The Retail, Franchise and Others segment engages in the retail operation in Hong Kong; and franchise sale of casual wear and apparel under the Jeanswest brand. It also engages in the provision of garment design, management, asset management, and agency services and trading of apparel, and property development and management activities. In addition, the company offers IT services comprising software products, software customization services, IT infrastructure construction, and IT operation and maintenance services; retails casual wear; and logistics services, such as bonded warehouse, warehouse, trade declaration, processing trade, general trade, custom consultancy, shipping agency, loading and unloading, import and export of technology, system software development and technical support, inspection and quarantine, import and export agency, etc. Glorious Sun Enterprises Limited was founded in 1974 and is headquartered in Kowloon Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Glorious Sun Enterprises Limited reported revenue of HK$977M in FY2025 versus HK$998M in FY2021, a compound −0.5%/yr. Reported net income was HK$75.2M in FY2025, compounding +19.4%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$977M
Latest YoY
+7.3%
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.
−2.7%
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.
+6.7%
Avg. growth/yr (26Y) ⓘ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.
−4.3%
Revenue −0.5%/yr
FY21 HK$998M
FY22 HK$1.1B
FY23 HK$821M
FY24 HK$910M
FY25 HK$977M
Net income +19.4%/yr
FY21 HK$37.0M
FY22 HK$39.2M
FY23 HK$43.6M
FY24 HK$61.4M
FY25 HK$75.2M

0393 screens 18% overvalued. Compare with Verisk Analytics, Inc →

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HK$1.10 −18%Fair Value
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Cite: Fair Value Calculator (2026). "Glorious Sun Enterprises Limited Fair Value". https://www.fairvalue-calculator.com/stock/0393

Peer Group

Consulting Services · 84 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 64 · Above median
Fair Value upside −18% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 7.4% · Top 25%

Valuation Multiples vs Consulting Services median · lower = cheaper

P/E (TTM) 26.2× · Pricier than 75% of peers
P/B 0.66× · Cheaper than 75% of peers
P/S (TTM) 2.01× · Pricier than median
P/FCF 1.4× · Cheaper than 75% of peers
EV/EBITDA 9.6× · 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 10 · sector 18
FUTURE 100 · sector 14
PAST 12 · sector 40
HEALTH 100 · sector 89
DIVIDEND 100 · sector 52

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.

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Frequently asked questions

Is Glorious Sun Enterprises Limited (0393) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.10 versus a price of HK$1.34, about −18% (overvalued).
What is the fair value of 0393?
Our model-based fair value for Glorious Sun Enterprises Limited is HK$1.10 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.34.
What is the quality score of 0393?
Glorious Sun Enterprises Limited has a Quality Score of 64/100. 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 Glorious Sun Enterprises Limited (0393)?
Glorious Sun Enterprises Limited reported trailing-twelve-month revenue of about HK$977M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0393?
The net profit margin of Glorious Sun Enterprises Limited is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does Glorious Sun Enterprises Limited pay a dividend?
Glorious Sun Enterprises Limited currently shows a dividend yield of about 7.42% 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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