Applied Development Holdings Ltd (0519) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Applied Development Holdings Ltd HK$0.15, price HK$0.13, upside +15.4%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Novautek Technologies Group Limited, an investment holding company, engages in resort and property development, and property investment activities in the People's Republic of China, Hong Kong, the Middle East, and Southeast Asia.
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Novautek Technologies Group Limited, an investment holding company, engages in resort and property development, and property investment activities in the People's Republic of China, Hong Kong, the Middle East, and Southeast Asia. The company invests in funds, equity securities, debt instruments, and other assets; holds properties for sale; involves in rental of commercial properties; and provides administrative and secretarial services, as well as digital marketing services. It also engages in the autonomous driving activities. In addition, the company engages in development, sale, and leasing of AI robots and products, which provides cleaning, patrol, distribution, and transportation services, etc. The company was formerly known as Applied Development Holdings Limited and changed its name to Novautek Technologies Group Limited in February 2025. Novautek Technologies Group Limited was incorporated in 1988 and is based in Hong Kong, Hong Kong.
Stock analysis
Applied Development Holdings Ltd (0519) currently trades at HK$0.1300, while our model-based Fair Value estimate is HK$0.1500, implying the stock looks roughly 13.3% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$0.1700 per share, and 2 of the 5 models we run sit above the HK$0.1300 price.
Bear case: the Multiples group reads lowest at HK$0.0500, and 3 of the 5 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Applied Development Holdings Ltd reported revenue of HK$35.7M in FY2025 versus HK$254M in FY2021, a compound −38.8%/yr. Reported net income was HK$9.0M in FY2025.
Key figures
Market cap HK$440M (≈ $56.1M) · P/E ratio 7.2 · P/S ratio 1.83 · EPS (TTM) HK$0.0300 · Net margin 25.4% · Return on equity 6.7% · Return on assets (EBIT) −2.9% · Operating margin −39.0%.
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 58% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 15%, 0519 screens cheaper than that median.
Fair Value models
Bear HK$0.1500Fair Value HK$0.1500Bull HK$0.1500
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (HK$0.0300 per share) are deliberately not added.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.
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.11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.8%
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.
−32.2%
Start year 2020 (pandemic). Over 10 years: +29.7% a year
Revenue growth 25 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.
−7.8%
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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.
Compare Applied Development Holdings Ltd with another stock
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.Real Estate - Development · 576 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside+15.4% · Below median
Profitability
Return on equity (TTM)6.7% · Above median
Return on assets−1.0% · Bottom 25%
Net margin (TTM)113.3% · Top 25%
Operating margin (TTM)−39.0% · Bottom 25%
Growth and dividend
Revenue growth48.9% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Applied Development Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0519
Frequently asked questions
Is Applied Development Holdings Ltd (0519) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1500 versus a price of HK$0.1300, about +15% upside (undervalued).
What is the fair value of 0519?
Our model-based fair value for Applied Development Holdings Ltd is HK$0.1500 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.1300.
What is the quality score of 0519?
Applied Development Holdings Ltd has a Quality Score of 38/100. 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 Applied Development Holdings Ltd (0519)?
Our model-based price target is the fair value of HK$0.1500 (as of Sep 27, 2026) from 5 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Applied Development Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1500, about +15% upside versus a price of HK$0.1300 (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Applied Development Holdings Ltd (0519)?
Applied Development Holdings Ltd reported trailing-twelve-month revenue of about HK$43.2M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Applied Development Holdings Ltd (0519)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Applied Development Holdings Ltd it is HK$0.1500 per share (as of Sep 27, 2026), against a price of HK$0.1300. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Applied Development Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0519 trades below its calculated fair value: price HK$0.1300, fair value HK$0.1500, a gap of about +15% (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 0519?
No. The price is what the market pays today (HK$0.1300); the fair value is what the company's own numbers justify (HK$0.1500). For Applied Development Holdings Ltd the two are HK$0.0200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Applied Development Holdings Ltd worth?
The market values Applied Development Holdings Ltd at about HK$440M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.1300; our models calculate a fair value of HK$0.1500 per share.
What is the P/E ratio of 0519?
Applied Development Holdings Ltd trades at a price-to-earnings ratio of 7.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.1500 is built from several models across several years. Other multiples: P/B 0.6, P/S 10.2.
How solid is the balance sheet of Applied Development Holdings Ltd (0519)?
Balance-sheet figures for Applied Development Holdings Ltd (as of Sep 27, 2026): return on equity 6.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 0519 from its 52-week high?
Applied Development Holdings Ltd trades at HK$0.1300, about 58% below its 52-week high of HK$0.3100 and at the low of HK$0.1300 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1500 is for.
Which stocks are comparable to Applied Development Holdings Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, 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 Applied Development Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.1300, calculated fair value HK$0.1500 (+15%), Quality Score 38/100, from 5 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 0519 calculated?
We run Applied Development Holdings Ltd through 5 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$0.1500, 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. Applied Development Holdings Ltd currently trades 13 % 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 Applied Development Holdings Ltd (0519)?
The closing price on Sep 29, 2026 was HK$0.1300. Our model-based fair value is HK$0.1500, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Applied Development Holdings Ltd right now?
The price is below even our cautious bear case (HK$0.1500). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Applied Development Holdings Ltd
How large is the market capitalisation of Applied Development Holdings Ltd (0519)?
The market capitalisation of Applied Development Holdings Ltd is HK$440M (≈ $56.1M). 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 Applied Development Holdings Ltd (0519)?
The price-to-sales ratio of Applied Development Holdings Ltd is 1.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Applied Development Holdings Ltd (0519)?
Earnings per share at Applied Development Holdings Ltd are HK$0.0300 (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Applied Development Holdings Ltd (0519)?
The net margin of Applied Development Holdings Ltd is 25.4% (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 Applied Development Holdings Ltd (0519)?
The return on equity (ROE) of Applied Development Holdings Ltd is 6.7% (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 Applied Development Holdings Ltd (0519)?
On an EBIT basis the return on assets of Applied Development Holdings Ltd is −2.9% (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 Applied Development Holdings Ltd (0519)?
The operating margin of Applied Development Holdings Ltd is −39.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Applied Development Holdings Ltd (0519)?
Revenue at Applied Development Holdings Ltd is growing +48.9% versus a year earlier (3y avg +47.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Applied Development Holdings Ltd (0519) generate?
The free cash flow of Applied Development Holdings Ltd is −HK$38.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Applied Development Holdings Ltd (0519) carry?
The net debt of Applied Development Holdings Ltd is HK$85.1M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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