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Hung Hing Printing Group (0450) Fair Value & Analysis

Industrials · HK · Market cap HK$663M

HH Hung Hing Printing Group 0450 · HK
PriceHK$0.7600
Fair ValueHK$1.11
Upside+46.1%
Quality46/100
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Weak Growth
Loss-making · -3.9% net margin
Low debt · negative free cash flow
8.33% dividend yield
Mixed vs. peers (4/10)
Narrow moat 4/100
Evidence: Low Range HK$0.9500 – HK$1.26 Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated 2 days ago

Share price +5.6% over the past month.

Below-average quality, screening 46% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.9500). 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 (46/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$1.01 HK$0.6292 Fair Value HK$1.11 Sep 2020 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$0.6292 – HK$1.01 · fair‑value band HK$0.9500 – HK$1.26 · the HK$0.7600 price screens below the HK$1.11 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hung Hing Printing Group (0450) currently trades at HK$0.7600, while our model-based Fair Value estimate is HK$1.11, implying the stock looks roughly 46.1% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Hung Hing Printing Group generated revenue of HK$2.0B at a net margin of -3.9%. Revenue declined 0.9% year over year. It earns a return on equity of -2.9%. The balance sheet holds a net cash position of HK$452M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.9500 (bear case) to HK$1.26 (bull case); at HK$0.7600, the current price sits below 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 19% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -38% fair-value upside, at 46%, 0450 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
Gordon GGM HK$0.9300 HK$1.01 HK$1.11 70
DDM Multi-Stage HK$0.9300 HK$1.11 HK$1.34 61
EV/EBITDA HK$1.01 HK$1.16 HK$1.32 54
All 4 models by family
Dividend Discount
Gordon GGM HK$0.9300 HK$1.01 HK$1.11 70
DDM Multi-Stage HK$0.9300 HK$1.11 HK$1.34 61
Multiples
EV/EBITDA HK$1.01 HK$1.16 HK$1.32 54
Asset-Based
NCAV (Graham) HK$1.47 HK$1.98 HK$2.95 50

Widest divergence: Asset-Based (HK$1.98) versus Dividend Discount (HK$1.01). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$2.0B
Revenue growth (YoY) -0.9%
Net margin -3.9%
Return on equity -2.9%
Free cash flow −HK$204M FY2025
Operating margin -1.8%
More key figures
EPS (TTM) HK$-0.0500
Dividend yield 8.3%
EPS growth (YoY) -40.8%
Net cash HK$452M FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 43

Profitability 15
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 80
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

Hung Hing Printing Group Limited, an investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People's Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

Full company description

Hung Hing Printing Group Limited, an investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People's Republic of China, the United States, Hong Kong, the United Kingdom, and internationally. It operates in four segments: Book and Package Printing; Consumer Product Packaging; Corrugated Box; and Paper Trading. The company produces corrugated boxes; prints and produces gifting accessories, including greeting cards, gift bags, and gift sets; prints and produces social stationery items, such as note paper and letter sets, printed envelops, note pads, and calendars and diaries; and produces children's, conventional, novelty, and other books. It also engages in litho-laminated packaging; packaging of food, toys, personal care products, folding cartons, and rigid boxes; luxury packaging comprising chocolate boxes, cosmetics, gifts and jewelry boxes, and wine and spirits; producing printed corrugate cartons; and offering education and paper trading services. In addition, the company trades in corrugated carton boxes; prints and manufactures paper cartons; and provides professional services, as well as selling and purchasing agency services. Hung Hing Printing Group Limited was founded in 1950 and is headquartered in Tai Po, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hung Hing Printing Group reported revenue of HK$2.0B in FY2025 versus HK$3.5B in FY2021, a compound −13.0%/yr. Reported net income was −HK$78.9M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$2.0B
Latest YoY
−7.7%
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.
−11.8%
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.
−4.5%
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.
+0.9%
Revenue −13.0%/yr
FY21 HK$3.5B
FY22 HK$3.0B
FY23 HK$2.4B
FY24 HK$2.2B
FY25 HK$2.0B
Net income
FY21 HK$52.0M
FY22 HK$66.0M
FY23 HK$135M
FY24 −HK$43.4M
FY25 −HK$78.9M

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Cite: Fair Value Calculator (2026). "Hung Hing Printing Group Fair Value". https://www.fairvalue-calculator.com/stock/0450

Peer Group

Specialty Business Services · 250 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 46 · Below median
Fair Value upside +46% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 8.3% · Top 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/S (TTM) 0.04× · Cheaper 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 95 · sector 26
FUTURE 0 · sector 25
PAST 0 · sector 34
HEALTH 100 · sector 91
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.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $205.28 $95.19 -54%
RELX PLC RELX $34.55 $32.24 -7%
Thomson Reuters Corporation TRI C$142.85 C$70.40 -51%
Copart, Inc CPRT $28.99 $28.59 -1%
Global Payments Inc GPN $88.53 $68.98 -22%
RB Global, Inc RBA C$120.52 C$49.14 -59%
Brambles Limited BXB A$19.89 A$12.28 -38%
UL Solutions Inc ULS $76.68 $33.62 -56%
Aramark ARMK $60.35 $13.18 -78%
ISS A/S ISS kr 288.20 kr 251.13 -13%

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Frequently asked questions

Is Hung Hing Printing Group (0450) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.11 versus a price of HK$0.7600, about +46% (undervalued).
What is the fair value of 0450?
Our model-based fair value for Hung Hing Printing Group is HK$1.11 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.7600.
What is the quality score of 0450?
Hung Hing Printing Group has a Quality Score of 46/100. 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 Hung Hing Printing Group (0450)?
Hung Hing Printing Group reported trailing-twelve-month revenue of about HK$2.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0450?
The net profit margin of Hung Hing Printing Group is about -3.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Hung Hing Printing Group pay a dividend?
Hung Hing Printing Group currently shows a dividend yield of about 8.33% 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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