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Ev Dynamics Holdings Ltd (0476) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$162M

ED Ev Dynamics Holdings Ltd 0476 · HK
PriceHK$0.6300
Fair ValueHK$1.77
Upside+181.0%
Quality31/100
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Strengths

Trades 64% below our fair value of HK$1.77

Risks

!Weak Growth (revenue 5y −9.9 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (3/8)
Weak Growth (revenue 5y −9.9 %/yr)
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 0/100
Evidence: Low Range HK$1.32 – HK$2.65 Share as image

Fair value as of: Aug 22, 2026

From 1 valuation models · updated 5 days ago

Share price +46.5% over the past month.

Below-average quality, trading 64% below our fair value.

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

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What matters now

  • The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$1.32). 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.
  • A fairly wide model range (HK$1.32 to HK$2.65) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$9.10 HK$0.2600 Fair Value HK$1.77 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range HK$0.2600 – HK$9.10 · fair‑value band HK$1.32 – HK$2.65 · the HK$0.6300 price screens below the HK$1.77 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Ev Dynamics Holdings Ltd (0476) currently trades at HK$0.6300, while our model-based Fair Value estimate is HK$1.77, implying the stock looks roughly 181.0% undervalued today. The Quality Score stands at 31/100 (below-average quality), in the Consumer Cyclical 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.

Trailing-twelve-month revenue stands at HK$6.2M. Revenue grew 145.7% year over year. It earns a return on equity of -33.2%. Net debt stands at HK$10.3M. Fundamentals as of Aug 22, 2026

Our scenario range runs from HK$1.32 (bear case) to HK$2.65 (bull case); at HK$0.6300, 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 56% below its 52-week high and 64% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -1% fair-value upside, at 181%, 0476 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
NCAV (Graham) HK$1.34 HK$1.80 HK$2.69 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$1.34 HK$1.80 HK$2.69 50

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Key figures & financial health

P/S ratio 26.4 TTM
Return on equity -33.2% TTM
Return on assets -17.7% TTM
Operating margin -275% TTM
EPS (TTM) HK$-1.73
Revenue (TTM) HK$6.2M TTM
More key figures
Growth
Revenue growth (YoY) +146% 3y avg -60.8%
Balance sheet & cash flow
Free cash flow −HK$9.3M FY2025
Net debt HK$10.3M FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 32 · Market factors (momentum, volatility) 32

Profitability 0
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Ev Dynamics (Holdings) Limited, an investment holding company, manufactures and sells electric vehicles in Hong Kong, the Philippines, and Thailand. It operates through three segments: Development and Sales of Electric Vehicles, Mining, and Metals and Minerals Trading.

Full company description

Ev Dynamics (Holdings) Limited, an investment holding company, manufactures and sells electric vehicles in Hong Kong, the Philippines, and Thailand. It operates through three segments: Development and Sales of Electric Vehicles, Mining, and Metals and Minerals Trading. The company manufactures and sells electric buses, electric power and control systems, and other buses; and markets and sells vehicle components. It also owns the Glauberite Mine located in the Guangxi Zhuang Autonomous Region, the People's Republic of China. In addition, the company is involved in the manufacture and trading of motor vehicles and batteries; mining and trading of metals and minerals; mining and sale of mineral resources; and development of new energy technology and products. Further, the company provides management and computer maintenance services; trades in computer hardware and software; and develops software. The company was formerly known as China Dynamics (Holdings) Limited and changed its name to Ev Dynamics (Holdings) Limited in July 2021. Ev Dynamics (Holdings) Limited was incorporated in 1996 and is headquartered in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ev Dynamics Holdings Ltd reported revenue of HK$3.0M in FY2025 versus HK$23.8M in FY2021, a compound −40.3%/yr. Reported net income was −HK$372M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$3.0M
Latest YoY
−92.9%
Avg. revenue 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.
−60.8%
Avg. revenue 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.
−9.9%
Avg. revenue 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.
−13.7%
Value creation/yr 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
Revenue −40.3%/yr
FY21 HK$23.8M
FY22 HK$49.9M
FY23 HK$36.3M
FY24 HK$42.2M
FY25 HK$3.0M
Net income
FY21 −HK$781M
FY22 −HK$408M
FY23 −HK$81.2M
FY24 −HK$319M
FY25 −HK$372M

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Cite: Fair Value Calculator (2026). "Ev Dynamics Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0476

Peer Group

Recreational Vehicles · 40 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 32 · Bottom 25%
Fair Value upside +181% · Top 25%
Return on assets -18% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 146% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Recreational Vehicles median · lower = cheaper

P/S (TTM) 3.37× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 17
FUTURE100 · sector 7
PAST0 · sector 13
HEALTH100 · sector 89
DIVIDEND0 · sector 58

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 Recreational Vehicles stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

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Brunswick Corporation BC $82.30 $13.56 -84%
BRP Inc DOO C$89.11 C$86.81 -3%
Polaris Inc PII $68.52 $29.83 -56%
THOR Industries, Inc THO $78.97 $97.14 +23%
Trigano S.A TRI €155.50 €273.48 +76%
Patrick Industries, Inc PATK $86.76 $85.54 -1%
Harley-Davidson, Inc HOG $25.97 $64.09 +147%
LCI Industries, LCII $101.98 $156.35 +53%
Sanlorenzo S.p.A SL €39.54 €37.41 -5%

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Frequently asked questions

Is Ev Dynamics Holdings Ltd (0476) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of HK$1.77 versus a price of HK$0.6300, about +181% (undervalued).
What is the fair value of 0476?
Our model-based fair value for Ev Dynamics Holdings Ltd is HK$1.77 (as of Aug 22, 2026), built from audited fundamentals. The current price: HK$0.6300.
What is the quality score of 0476?
Ev Dynamics Holdings Ltd has a Quality Score of 31/100. 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 Ev Dynamics Holdings Ltd (0476)?
Ev Dynamics Holdings Ltd reported trailing-twelve-month revenue of about HK$6.2M (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 0476?
The net profit margin of Ev Dynamics Holdings Ltd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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