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Hung Hing Printing Group Ltd (0450) fair value: what the stock is really worth

As of Sep 29, 2026: fair value of Hung Hing Printing Group Ltd HK$1.11, price HK$0.69, upside +62.0%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Industrials · HK · ISIN HK0450001869

HH Thin data Sep 27, 2026

Hung Hing Printing Group Ltd

0450 · HK

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value HK$1.11 · Strongly undervalued (+62.0%)
!Quality 46/100
!Weak Growth (revenue 5y −4.5 %/yr)
!Loss-making · -3.9% net margin (TTM)
!Low debt · negative free cash flow
!8.8% dividend yield · Watch coverage
!Mixed vs. peers (4/10)
!Narrow moat 4/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

HK$1.01 HK$0.6423 Fair Value HK$1.11 Nov 2020 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range HK$0.6423 – HK$1.01 · fair‑value band HK$0.9500 – HK$1.26 · the HK$0.6850 price screens below the HK$1.11 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

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.

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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.

Stock analysis

Hung Hing Printing Group Ltd (0450) currently trades at HK$0.6850, while our model-based Fair Value estimate is HK$1.11, implying the stock looks roughly 38.3% undervalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of HK$1.98 per share, and 4 of the 4 models we run sit above the HK$0.6850 price.

Bear case: the Dividend Discount group reads lowest at HK$0.8900, and 0 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$0.9500 (bear) to HK$1.26 (bull), the price of HK$0.6850 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 46/100 (below-average quality), in the Industrials sector.

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

Hung Hing Printing Group Ltd 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.

Key figures

Market cap HK$621M (≈ $79.2M) · P/S ratio 0.33 · EPS (TTM) HK$−0.0500 · Dividend yield 8.8% · Net margin −3.9% · Return on equity −2.9% · Return on assets (EBIT) 1.0% · Operating margin −1.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 25% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at 62%, 0450 screens cheaper than that median.

Fair Value models

Bear HK$0.9500 Fair Value HK$1.11 Bull HK$1.26
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. 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.
Highest evidence
Gordon GGM HK$0.8400 HK$0.8900 HK$0.9800 69
DDM Multi-Stage HK$0.8400 HK$0.9700 HK$1.13 67
EV/EBITDA HK$1.01 HK$1.16 HK$1.32 67
All 4 models by family
Dividend Discount
Gordon GGM HK$0.8400 HK$0.8900 HK$0.9800 69
DDM Multi-Stage HK$0.8400 HK$0.9700 HK$1.13 67
Multiples
EV/EBITDA HK$1.01 HK$1.16 HK$1.32 67
Asset-Based
NCAV (Graham) HK$1.47 HK$1.98 HK$2.95 54

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Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 36

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 83
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 80
Share count: buybacks or dilution?

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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
−7.7%
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.
−11.8%
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.
−4.5%
Start year 2020 (pandemic). Over 10 years: −4.0% a year
Revenue growth 26 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.
+0.9%
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.
5.0% (2020) → −3.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Specialty Business Services · 237 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside +62.0% · Top 25%
Profitability
Return on assets −1.7% · Bottom 25%
Net margin (TTM) −3.9% · Bottom 25%
Operating margin (TTM) −1.8% · Bottom 25%
Growth and dividend
Revenue growth −0.9% · Below median
Dividend yield (TTM) 8.8% · Top 25%

Valuation Multiplesvs Specialty Business Services median · lower = cheaper

P/S (TTM) 0.04× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 42
FUTURE (revenue growth)0 · sector 29
PAST (return on equity)0 · sector 37
HEALTH (low debt)100 · sector 92
DIVIDEND (yield)100 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $199.91 $188.06 −6%
Thomson Reuters Corporation TRI $98.99 $70.79 −28%
Copart, Inc CPRT $27.59 $31.02 +12%
Global Payments Inc GPN $86.49 $88.43 +2%
Wolters Kluwer N.V WKL €68.66 €98.05 +43%
Brambles Limited BXB A$18.55 A$18.66 +1%
RB Global, Inc RBA C$116.74 C$128.41 +10%
Aramark ARMK $54.92 $23.06 −58%
UL Solutions Inc ULS $66.05 $33.46 −49%
Rentokil Initial plc RTO $20.64 $19.63 −5%

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

Frequently asked questions

Is Hung Hing Printing Group Ltd (0450) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$1.11 versus a price of HK$0.6850, about +62% upside (undervalued).
What is the fair value of 0450?
Our model-based fair value for Hung Hing Printing Group Ltd is HK$1.11 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.6850.
What is the quality score of 0450?
Hung Hing Printing Group Ltd 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 price target for Hung Hing Printing Group Ltd (0450)?
Our model-based price target is the fair value of HK$1.11 (as of Sep 27, 2026) from 4 valuation models. Cautious scenario HK$0.9500, optimistic scenario HK$1.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Hung Hing Printing Group Ltd stock forecast for 2026?
Our models put fair value at HK$1.11, about +62% upside versus a price of HK$0.6850 (undervalued). Cautious scenario HK$0.9500, optimistic scenario HK$1.26. The calculation is refreshed regularly with new filings.
What is the revenue of Hung Hing Printing Group Ltd (0450)?
Hung Hing Printing Group Ltd reported trailing-twelve-month revenue of about HK$2.0B (latest available figure, as of Sep 27, 2026).
Does Hung Hing Printing Group Ltd pay a dividend?
Hung Hing Printing Group Ltd currently shows a dividend yield of about 8.76% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Hung Hing Printing Group Ltd (0450)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hung Hing Printing Group Ltd it is HK$1.11 per share (as of Sep 27, 2026), against a price of HK$0.6850. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Hung Hing Printing Group Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0450 trades below its calculated fair value: price HK$0.6850, fair value HK$1.11, a gap of about +62% (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 0450?
No. The price is what the market pays today (HK$0.6850); the fair value is what the company's own numbers justify (HK$1.11). For Hung Hing Printing Group Ltd the two are HK$0.4250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hung Hing Printing Group Ltd worth?
The market values Hung Hing Printing Group Ltd at about HK$621M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.6850; our models calculate a fair value of HK$1.11 per share.
What do the bullish and bearish scenarios say about 0450?
Our models span a range for Hung Hing Printing Group Ltd: cautious scenario HK$0.9500, base HK$1.11, optimistic HK$1.26 per share (as of Sep 27, 2026, price HK$0.6850). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hung Hing Printing Group Ltd (0450)?
Balance-sheet figures for Hung Hing Printing Group Ltd (as of Sep 27, 2026): return on equity −2.9%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 0450 from its 52-week high?
Hung Hing Printing Group Ltd trades at HK$0.6850, about 25% below its 52-week high of HK$0.9161 and 3% above the low of HK$0.6650 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.11 is for.
Which stocks are comparable to Hung Hing Printing Group Ltd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 Hung Hing Printing Group Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.6850, calculated fair value HK$1.11 (+62%), Quality Score 46/100, from 4 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 0450 calculated?
We run Hung Hing Printing Group Ltd through 4 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$1.11, 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 14.9 % above its aggregate fair value. Hung Hing Printing Group Ltd currently trades 38 % 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 Hung Hing Printing Group Ltd (0450)?
The closing price on Sep 29, 2026 was HK$0.6850. Our model-based fair value is HK$1.11, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hung Hing Printing Group Ltd right 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.

Key figures of Hung Hing Printing Group Ltd

How large is the market capitalisation of Hung Hing Printing Group Ltd (0450)?
The market capitalisation of Hung Hing Printing Group Ltd is HK$621M (≈ $79.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hung Hing Printing Group Ltd (0450)?
The price-to-sales ratio of Hung Hing Printing Group Ltd is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hung Hing Printing Group Ltd (0450)?
Earnings per share at Hung Hing Printing Group Ltd are HK$−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hung Hing Printing Group Ltd (0450)?
The dividend yield of Hung Hing Printing Group Ltd is 8.8%. 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 Hung Hing Printing Group Ltd (0450)?
The net margin of Hung Hing Printing Group Ltd is −3.9% (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 Hung Hing Printing Group Ltd (0450)?
The return on equity (ROE) of Hung Hing Printing Group Ltd is −2.9% (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 Hung Hing Printing Group Ltd (0450)?
On an EBIT basis the return on assets of Hung Hing Printing Group Ltd is 1.0% (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 Hung Hing Printing Group Ltd (0450)?
The operating margin of Hung Hing Printing Group Ltd is −1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hung Hing Printing Group Ltd (0450)?
Revenue at Hung Hing Printing Group Ltd is growing −0.9% versus a year earlier (3y avg −11.8%). 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 Hung Hing Printing Group Ltd (0450)?
Earnings per share at Hung Hing Printing Group Ltd are growing −40.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hung Hing Printing Group Ltd (0450) generate?
The free cash flow of Hung Hing Printing Group Ltd is −HK$204M (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 Hung Hing Printing Group Ltd (0450) hold?
Hung Hing Printing Group Ltd holds more cash than debt, HK$452M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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