Lai Sun Development Co Ltd (0488) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Lai Sun Development Co Ltd stock HK$1.58, price HK$0.62, upside +154.8%, quality 40 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
Lai Sun Development Co Ltd
0488 · HKCheap (61% below fair value), but weak company and price moving sideways: meets 1 of 3 rules.
What runs behind every stock
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 13, 2026.
How to read this chart
60‑month range HK$0.4600 – HK$6.25 · fair‑value band HK$0.4290 – HK$3.29 · the HK$0.6200 price screens below the HK$1.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 13, 2026.
Every Wednesday you see whether Lai Sun Development Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
Lai Sun Development Company Limited, together with its subsidiaries, invests in, develops, leases, and sells real estate properties in Hong Kong, Mainland China, Macau, the United Kingdom, Vietnam, and internationally.
Show moreShow less
It operates through Property Development and Sales; Property Investment; Hotel Operation; Restaurant and F&B Product Sales Operations; Media and Entertainment; Film and TV Program; Cinema Operation; Theme Park Operation; and Others segments.
The company invests in commercial and office buildings; offers building management, leasing agency, and building services; operates hotels and restaurants; sells food and beverage products; sells albums; distributes and licenses music and film rights; and trades in gaming products.
It also provides and consultancy services to hotels, serviced apartments, and restaurants; artiste management services; luxury yachts brokerage, charter, marketing, management, and crew placement services; and property management, treasury, real estate agency, finance, management, film library management, video duplication, translating and subtitling of television programs, and performance agency services.
In addition, the company engages in the management and production of concerts, as well as provision of related advertising services.
Further, it invests in, produces, licenses, and distributes television programs and films, as well as distributes video format products; invests in, develops, and operates cultural, leisure, entertainment, and related facilities; operates cinemas and theme parks; and retails golf apparel.
The company was incorporated in 1959 and is headquartered in Central, Hong Kong. Lai Sun Development Company Limited is a subsidiary of Lai Sun Garment (International) Limited.
Stock analysis
Lai Sun Development Co Ltd (0488) currently trades at HK$0.6200, while our model-based Fair Value estimate is HK$1.58, implying the stock looks roughly 61% undervalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of HK$9.82 per share, and 4 of the 4 models we run sit above the HK$0.6200 price.
Bear case: the DCF Models group reads lowest at HK$3.46, and 0 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.4290 (bear) to HK$3.29 (bull), the price of HK$0.6200 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 40/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2015: revenue and profit before it include the divested business. Growth is measured afresh from 2015.
Lai Sun Development Co Ltd reported revenue of HK$5.3B in FY2026 versus HK$5.3B in FY2022, a compound 0.0%/yr. Reported net income was −HK$2.4B in FY2026.
Key figures
Market cap HK$901M (≈ $115M) Micro · P/S ratio 0.18 · EPS (TTM) HK$−1.90 · Net margin −47.3% · Return on equity −9.3% · Return on assets (EBIT) −1.2% (5-year average) · Operating margin 2.8% · Revenue (TTM) HK$5.1B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −51% fair-value upside, at 155%, 0488 screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
Watch 0488, get fair value alerts →
Compare Lai Sun Development Co Ltd with another stock
Price, fair value, quality and upside side by side.
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.Real Estate - Diversified · 115 stocks
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: Real Estate
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Singapore Land Group U06 | 2.77 SGD | 3.18 SGD | +15% | vs 0488 |
| Frasers Property Limited TQ5 | 0.9050 SGD | 0.9500 SGD | +5% | vs 0488 |
| Parque Arauco S.A PARAUCO | 3,550 CLP | 3,718 CLP | +5% | vs 0488 |
| Umm Al Qura for Development and Construction Company 4325 | 16.44 SAR | 15.41 SAR | −6% | vs 0488 |
| The St. Joe Company JOE | $70.36 | $34.53 | −51% | vs 0488 |
| Allreal Holding ALLN | CHF 197.20 | CHF 84.38 | −57% | vs 0488 |
| Swiss Prime Site AG SPSN | CHF 134.70 | CHF 44.83 | −67% | vs 0488 |
| Hainan Airport Infrastructure Co 600515 | ¥2.54 | ¥0.7900 | −69% | vs 0488 |
| The Phoenix Mills Limited PHOENIXLTD | ₹2,255 | ₹405.24 | −82% | vs 0488 |
| Prestige Estates Projects Limited PRESTIGE | ₹1,650 | ₹295.84 | −82% | vs 0488 |
Explore undervalued stocks
More undervalued Real Estate stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Lai Sun Development Co Ltd (0488) overvalued or undervalued?
What is the fair value of 0488?
What is the quality score of 0488?
What is the price target for Lai Sun Development Co Ltd (0488)?
What is the Lai Sun Development Co Ltd stock forecast for 2026?
What is the revenue of Lai Sun Development Co Ltd (0488)?
What growth is priced into Lai Sun Development Co Ltd (0488)?
What discount rate (WACC) does the fair value of 0488 use?
What is a reverse DCF?
How much growth has Lai Sun Development Co Ltd (0488) delivered so far?
How fast is the sector of Lai Sun Development Co Ltd (0488) growing?
What is the free cash flow yield of Lai Sun Development Co Ltd (0488)?
What is the intrinsic value of Lai Sun Development Co Ltd (0488)?
Is Lai Sun Development Co Ltd stock overvalued or undervalued in 2026?
Is fair value the same as the market price of 0488?
How much is Lai Sun Development Co Ltd worth?
What do the bullish and bearish scenarios say about 0488?
How solid is the balance sheet of Lai Sun Development Co Ltd (0488)?
How far is 0488 from its 52-week high?
Which stocks are comparable to Lai Sun Development Co Ltd?
Is Lai Sun Development Co Ltd stock attractive at the current price?
How is the fair value of 0488 calculated?
Is it still worth investing in stocks now?
What is the share price of Lai Sun Development Co Ltd (0488)?
What should I pay attention to with Lai Sun Development Co Ltd right now?
Key figures of Lai Sun Development Co Ltd
How large is the market capitalisation of Lai Sun Development Co Ltd (0488)?
What is the P/S ratio of Lai Sun Development Co Ltd (0488)?
What are the earnings per share of Lai Sun Development Co Ltd (0488)?
What is the net margin of Lai Sun Development Co Ltd (0488)?
What is the return on equity of Lai Sun Development Co Ltd (0488)?
What is the EBIT return on assets of Lai Sun Development Co Ltd (0488)?
What is the operating margin of Lai Sun Development Co Ltd (0488)?
How fast is revenue growing at Lai Sun Development Co Ltd (0488)?
How much net debt does Lai Sun Development Co Ltd (0488) carry?
Watch Lai Sun Development Co Ltd in the live analysis
One click puts Lai Sun Development Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.