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Hong Kong Economic Times Holdings Ltd (0423) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Hong Kong Economic Times Holdings Ltd stock HK$0.65, price HK$0.60, upside +8.3%, quality 53 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

EstimateBear HK$0.4872 to bull HK$0.8120 Growth analysisrevenue history, year by year Quality 53/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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Communication Services HK · ISIN KYG4587A1031

Thin data Nov 10, 2026

Hong Kong Economic Times Holdings Ltd

0423 · HK

Solid company, but the stock is already about fairly priced and falling price: meets 1 of 3 rules.

Get notified free when this changes

Low debt

Fair value HK$0.6496 · Fairly valued

Quality 53/100

11.7% dividend yield · Watch coverage

Revenue last quarter 10% below a year ago.

Falling price (downtrend)

Weak Growth (revenue 5y −6.3 %/yr in HKD)

Loss-making · -6.0% net margin (TTM)

Negative free cash flow

Trails peers (4/11)

Narrow moat 16/100

Thin data

Estimate

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range HK$0.5756 – HK$0.8564 · fair‑value band HK$0.4872 – HK$0.8120 · the HK$0.6000 price screens below the HK$0.6496 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Hong Kong Economic Times Holdings Limited, an investment holding company, operates as a diversified multi-media company primarily in Hong Kong and Mainland China. It operates in two segments, Media; and Financial News Agency, Information, and Solutions.

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The company engages in the printing and publication of newspapers, magazines, and books, as well as the operation of digital platforms, including recruitment, finance, and lifestyle.

It also provides electronic financial and property market information and related solutions; and information subscription services, solutions, and other related maintenance services.

In addition, the company offers recruitment advertising and lifestyle platforms; and equities and derivatives trading services, as well as operates a computer software research and development center, and health portal; and holds properties. Further, it provides funds market database and solutions.

The company was founded in 1988 and is based in North Point, Hong Kong.

Stock analysis

Hong Kong Economic Times Holdings Ltd (0423) currently trades at HK$0.6000, while our estimate is HK$0.6496, so the stock looks roughly fairly valued today (gap 7.7%).

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: HK$0.4872 (bear) to HK$0.8120 (bull), the price of HK$0.6000 sits inside 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 53/100 (solid quality), in the Communication Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Hong Kong Economic Times Holdings Ltd reported revenue of HK$721M in FY2026 versus HK$1.0B in FY2022, a compound −8.8%/yr. Reported net income was −HK$43.0M in FY2026.

Key figures

Market cap HK$259M (≈ $33.0M) Micro · P/S ratio 0.37 · EPS (TTM) HK$−0.0500 · Dividend yield 11.7% · Net margin −6.0% · Return on equity −5.4% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin −4.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 22% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at −5% fair-value upside, at 8%, 0423 screens cheaper than that median.

Fair Value

Bear HK$0.4872 Fair Value HK$0.6496 Bull HK$0.8120

Price HK$0.6000 · Upside +8.3%

Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 53/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 23

How much profit the company makes from its sales and capital

Quality Growth 37

Are margins and returns getting better?

Cashflow 10

Do the profits arrive as real cash?

Financial strength 91

Debt, balance sheet and risk of trouble

Investment 100

Does it invest with discipline instead of growing at any price?

Low Volatility 91

How calm the share price moves, does not count

Price momentum 23

Price momentum of the last 3 to 12 months, does not count

Near the 52-week high 10

Distance to the 52-week high, does not count

New shares 82

Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100

Revenue is shrinking: the last year, the last three and the last five years are all negative.

Revenue growth 1 year

−10.3%

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.

−11.0%

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.

−6.3%

Start year 2021 (pandemic). Over 10 years: −4.8% a year

Revenue growth 23 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.

+1.3%

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Profit 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.

2.7% (2021) → −6.0% (2026)

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss

not computed

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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.Publishing · 104 stocks

Beats the industry median on 3/9 measures

Overall it trails its industry peers.

Valuation

Quality Score 53 · Below median

Fair Value upside +8.3% · Below median

Profitability

Return on assets −4.4% · Bottom 25%

Net margin (12 months) −6.0% · Bottom 25%

Operating margin (12 months) −4.2% · Bottom 25%

Growth and dividend

Revenue growth (quarter YoY) −10.1% · Bottom 25%

Dividend yield (12 months) 11.7% · Top 25%

Valuation Multiplesvs Publishing median · lower = cheaper

P/B 0.35× · Cheapest 25%

P/S (12 months) 0.36× · Cheapest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)44 · sector 47

FUTURE (revenue growth)0 · sector 0

PAST (return on equity)0 · sector 26

HEALTH (low debt)100 · sector 99

DIVIDEND (yield)100 · sector 63

Context: sector, industry, market

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 Publishing stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value	Compare
Shandong Publishing&Media Co 601019	¥7.52	¥11.60	+54%	vs 0423
Xinhua Winshare Publishing and Media Co 601811	¥16.76	¥21.02	+25%	vs 0423
John Wiley & Sons, Inc WLYB	$50.02	$61.29	+23%	vs 0423
Jiangsu Phoenix Publishing & Media Corporation 601928	¥9.25	¥9.14	−1%	vs 0423
Zhejiang Publishing & Media Co 601921	¥7.86	¥7.45	−5%	vs 0423
China South Publishing & Media Group 601098	¥11.37	¥10.70	−6%	vs 0423
The New York Times Company NYT	$72.81	$42.10	−42%	vs 0423
TX Group TXGN	CHF 182.60	CHF 105.08	−42%	vs 0423
China Science Publishing & Media Ltd 601858	¥18.94	¥10.07	−47%	vs 0423
People.cn CO., LTD 603000	¥16.02	¥4.79	−70%	vs 0423

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Hong Kong Economic Times Holdings Ltd: fair value per Fair Value Calculator

<a href="https://www.fairvalue-calculator.com/stock/0423?utm_source=embed&amp;utm_medium=badge" target="_blank" rel="nofollow noopener"><img src="https://www.fairvalue-calculator.com/embed/0423.HK.svg" width="360" height="84" alt="Hong Kong Economic Times Holdings Ltd: fair value per Fair Value Calculator" style="border:0;max-width:100%" loading="lazy"></a>

Cite: Fair Value Calculator (2026). "Hong Kong Economic Times Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0423

Frequently asked questions

Is Hong Kong Economic Times Holdings Ltd (0423) overvalued or undervalued?

As of Nov 10, 2026, our estimate of fair value is HK$0.6496 versus a price of HK$0.6000, about +8% upside (fairly valued).

What is the fair value of 0423?

Our estimate for Hong Kong Economic Times Holdings Ltd is HK$0.6496 (as of Nov 10, 2026), built from audited fundamentals. The current price: HK$0.6000.

What is the quality score of 0423?

Hong Kong Economic Times 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 Hong Kong Economic Times Holdings Ltd (0423)?

Our calculated price target is the estimate of HK$0.6496 (as of Nov 10, 2026). Cautious scenario HK$0.4872, optimistic scenario HK$0.8120. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.

What is the Hong Kong Economic Times Holdings Ltd stock forecast for 2026?

Our estimate puts fair value at HK$0.6496, about +8% upside versus a price of HK$0.6000 (fairly valued). Cautious scenario HK$0.4872, optimistic scenario HK$0.8120. The calculation is refreshed regularly with new filings.

What is the revenue of Hong Kong Economic Times Holdings Ltd (0423)?

Hong Kong Economic Times Holdings Ltd reported trailing-twelve-month revenue of about HK$721M (latest available figure, as of Nov 10, 2026).

Does Hong Kong Economic Times Holdings Ltd pay a dividend?

Hong Kong Economic Times Holdings Ltd currently shows a dividend yield of 11.67% relative to its recent price (as of Nov 10, 2026).

How much is the dividend of Hong Kong Economic Times Holdings Ltd (0423) and when is the ex-dividend date?

Hong Kong Economic Times Holdings Ltd pays a dividend of HK$0.07 per share a year, a dividend yield of 11.7%. The last ex-dividend date was Aug 13, 2026. A dividend has been paid every year since at least 2005. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.

What is the intrinsic value of Hong Kong Economic Times Holdings Ltd (0423)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Kong Economic Times Holdings Ltd it is HK$0.6496 per share (as of Nov 10, 2026), against a price of HK$0.6000.

Is Hong Kong Economic Times Holdings Ltd stock overvalued or undervalued in 2026?

As of Nov 10, 2026, 0423 trades below its calculated fair value: price HK$0.6000, fair value HK$0.6496, a gap of about +8% (fairly valued). 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 0423?

No. The price is what the market pays today (HK$0.6000); the fair value is what the company's own numbers justify (HK$0.6496). For Hong Kong Economic Times Holdings Ltd the two are HK$0.0496 per share apart. That gap is exactly why we show both numbers side by side.

How much is Hong Kong Economic Times Holdings Ltd worth?

The market values Hong Kong Economic Times Holdings Ltd at about HK$259M (market capitalisation, as of Nov 10, 2026). Per share that is HK$0.6000; our models calculate a fair value of HK$0.6496 per share.

What do the bullish and bearish scenarios say about 0423?

Our models span a range for Hong Kong Economic Times Holdings Ltd: cautious scenario HK$0.4872, base HK$0.6496, optimistic HK$0.8120 per share (as of Nov 10, 2026, price HK$0.6000). The range comes from different growth and margin assumptions, not from analyst opinions.

How solid is the balance sheet of Hong Kong Economic Times Holdings Ltd (0423)?

Balance-sheet figures for Hong Kong Economic Times Holdings Ltd (as of Nov 10, 2026): return on equity −5.4%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.

How far is 0423 from its 52-week high?

Hong Kong Economic Times Holdings Ltd trades at HK$0.6000, about 22% below its 52-week high of HK$0.7735 and 2% above the low of HK$0.5900 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.6496 is for.

Which stocks are comparable to Hong Kong Economic Times Holdings Ltd?

From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, 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 Hong Kong Economic Times Holdings Ltd stock attractive at the current price?

The data as of Nov 10, 2026: price HK$0.6000, calculated fair value HK$0.6496 (+8%), Quality Score 53/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

Is it still worth investing in stocks now?

The global stock market currently sits 13.9% above its aggregate fair value. Hong Kong Economic Times Holdings Ltd currently trades 8% 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 Hong Kong Economic Times Holdings Ltd (0423)?

The closing price on Nov 13, 2026 was HK$0.6000. Our estimate is HK$0.6496, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Hong Kong Economic Times Holdings Ltd right now?

The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Hong Kong Economic Times Holdings Ltd

How large is the market capitalisation of Hong Kong Economic Times Holdings Ltd (0423)?

The market capitalisation of Hong Kong Economic Times Holdings Ltd is HK$259M (≈ $33.0M). 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 Hong Kong Economic Times Holdings Ltd (0423)?

The price-to-sales ratio of Hong Kong Economic Times Holdings Ltd is 0.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.

What are the earnings per share of Hong Kong Economic Times Holdings Ltd (0423)?

Earnings per share at Hong Kong Economic Times Holdings Ltd are HK$−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.

What is the dividend yield of Hong Kong Economic Times Holdings Ltd (0423)?

The dividend yield of Hong Kong Economic Times Holdings Ltd is 11.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.

What is the net margin of Hong Kong Economic Times Holdings Ltd (0423)?

The net margin of Hong Kong Economic Times Holdings Ltd is −6.0% (fiscal year 2026). 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 Hong Kong Economic Times Holdings Ltd (0423)?

The return on equity (ROE) of Hong Kong Economic Times Holdings Ltd is −5.4% (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 Hong Kong Economic Times Holdings Ltd (0423)?

On an EBIT basis the return on assets of Hong Kong Economic Times Holdings Ltd is 0.3% (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 Hong Kong Economic Times Holdings Ltd (0423)?

The operating margin of Hong Kong Economic Times Holdings Ltd is −4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Hong Kong Economic Times Holdings Ltd (0423)?

Revenue at Hong Kong Economic Times Holdings Ltd is growing −10.1% versus a year earlier (3y avg −11.0%). 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 Hong Kong Economic Times Holdings Ltd (0423)?

Earnings per share at Hong Kong Economic Times Holdings Ltd are growing +51.6% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Hong Kong Economic Times Holdings Ltd (0423) generate?

The free cash flow of Hong Kong Economic Times Holdings Ltd is −HK$4.6M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.

How much net cash does Hong Kong Economic Times Holdings Ltd (0423) hold?

Hong Kong Economic Times Holdings Ltd holds more cash than debt, HK$219M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.

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