Kingdom Holdings Ltd (0528) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Kingdom Holdings Ltd stock HK$2.56, price HK$1.17, upside +118.8%, quality 72 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 15, 2026.
How to read this chart
60‑month range HK$0.8043 – HK$1.46 · fair‑value band HK$1.92 – HK$3.20 · the HK$1.17 price screens below the HK$2.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 15, 2026.
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Kingdom Holdings Limited, an investment holding company, engages in the manufacture and sale of linen yarns in Mainland China, the European Union, and internationally. It provides classic and semi- wet spun yarn, REEL, and organic linen yarns; and classic and semi-wet spun and organic hemp yarns.
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The company also engages in trading activities; sale of industrial hemp; research and development, and sale of hemp seeds; and manufacture and sale of fabrics. Kingdom Holdings Limited was founded in 1978 and is headquartered in Jiaxing, the People's Republic of China.
Stock analysis
Kingdom Holdings Ltd (0528) currently trades at HK$1.17, while our model-based Fair Value estimate is HK$2.56, implying the stock looks roughly 54% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$15.01 per share, and 23 of the 26 models we run sit above the HK$1.17 price.
Bear case: the Dividend Discount group reads lowest at HK$0.5900, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.92 (bear) to HK$3.20 (bull), the price of HK$1.17 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 72/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kingdom Holdings Ltd reported revenue of 2.7B CNY in FY2025 versus 1.8B CNY in FY2021, a compound +10.4%/yr. Reported net income was 62.4M CNY in FY2025, compounding −8.3%/yr from FY2021.
Key figures
Market cap HK$723M (≈ $92.1M) Micro · P/E ratio 2.5 · P/S ratio 0.06 · Dividend yield 4.6% · Net margin 2.3% · Return on equity 20.3% · Return on assets (EBIT) 4.8% (5-year average) · Operating margin 13.8%.
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 10% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −14% fair-value upside, at 119%, 0528 screens cheaper than that median.
Fair Value models
BearHK$1.92Fair Value HK$2.56BullHK$3.20
Price HK$1.17 · Upside +118.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.100/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.1%
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.
+9.8%
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.
+20.4%
Start year 2020 (pandemic). Over 10 years: +10.1% a year
Revenue growth 20 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.
+9.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.3%
Dividend (yield on the price)4.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−12.3% vs −5.3%, slowing
Profit margin 2020 to 2025 ⓘ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.−3% → 5%
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.Textile Manufacturing · 344 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+118.8% · Top 25%
Profitability
Return on equity (12 months)20.3% · Top 25%
Return on assets2.0% · Above median
Net margin (12 months)10.6% · Top 25%
Operating margin (12 months)13.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.3% · Below median
Dividend yield (12 months)4.6% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
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Is Kingdom Holdings Ltd (0528) overvalued or undervalued?
As of Nov 15, 2026, our model estimates a fair value of HK$2.56 versus a price of HK$1.17, about +119% upside (undervalued).
What is the fair value of 0528?
Our model-based fair value for Kingdom Holdings Ltd is HK$2.56 (as of Nov 15, 2026), built from audited fundamentals. The current price: HK$1.17.
What is the quality score of 0528?
Kingdom Holdings Ltd has a Quality Score of 72/100. 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 Kingdom Holdings Ltd (0528)?
Our model-based price target is the fair value of HK$2.56 (as of Nov 15, 2026) from 26 valuation models. Cautious scenario HK$1.92, optimistic scenario HK$3.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Kingdom Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$2.56, about +119% upside versus a price of HK$1.17 (undervalued). Cautious scenario HK$1.92, optimistic scenario HK$3.20. The calculation is refreshed regularly with new filings.
What is the revenue of Kingdom Holdings Ltd (0528)?
Kingdom Holdings Ltd reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Nov 15, 2026).
Does Kingdom Holdings Ltd pay a dividend?
Kingdom Holdings Ltd currently shows a dividend yield of 4.62% relative to its recent price (as of Nov 15, 2026).
How much is the dividend of Kingdom Holdings Ltd (0528) and when is the ex-dividend date?
Kingdom Holdings Ltd pays a dividend of HK$0.054 per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jul 2, 2026. A dividend has been paid every year since 2022. The payout ratio is 46.3% of earnings. Free cash flow covers the dividend 22.72 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of Kingdom Holdings Ltd (0528)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kingdom Holdings Ltd it is HK$2.56 per share (as of Nov 15, 2026), against a price of HK$1.17. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kingdom Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 15, 2026, 0528 trades below its calculated fair value: price HK$1.17, fair value HK$2.56, a gap of about +119% (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 0528?
No. The price is what the market pays today (HK$1.17); the fair value is what the company's own numbers justify (HK$2.56). For Kingdom Holdings Ltd the two are HK$1.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kingdom Holdings Ltd worth?
The market values Kingdom Holdings Ltd at about HK$723M (market capitalisation, as of Nov 15, 2026). Per share that is HK$1.17; our models calculate a fair value of HK$2.56 per share.
What do the bullish and bearish scenarios say about 0528?
Our models span a range for Kingdom Holdings Ltd: cautious scenario HK$1.92, base HK$2.56, optimistic HK$3.20 per share (as of Nov 15, 2026, price HK$1.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0528?
Kingdom Holdings Ltd trades at a price-to-earnings ratio of 2.5 (as of Nov 15, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$2.56 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.2.
How solid is the balance sheet of Kingdom Holdings Ltd (0528)?
Balance-sheet figures for Kingdom Holdings Ltd (as of Nov 15, 2026): return on equity 20.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 0528 from its 52-week high?
Kingdom Holdings Ltd trades at HK$1.17, about 10% below its 52-week high of HK$1.30 and 23% above the low of HK$0.9500 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.56 is for.
Which stocks are comparable to Kingdom Holdings Ltd?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, 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 Kingdom Holdings Ltd stock attractive at the current price?
The data as of Nov 15, 2026: price HK$1.17, calculated fair value HK$2.56 (+119%), Quality Score 72/100, from 26 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 0528 calculated?
We run Kingdom Holdings Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$2.56 builds on their evidence-weighted average, 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 14.1% above its aggregate fair value. Kingdom Holdings Ltd currently trades 54% 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 Kingdom Holdings Ltd (0528)?
The closing price on Nov 13, 2026 was HK$1.17. Our model-based fair value is HK$2.56, about +119% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kingdom Holdings Ltd right now?
The price is below even our cautious bear case (HK$1.92). 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 (72/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Kingdom Holdings Ltd (0528) come from?
Earnings per share at Kingdom Holdings Ltd grew 1.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.2 %, EBIT margin −6.3 %, tax rate −0.1 %, residual (interest, one-offs) −3.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kingdom Holdings Ltd
How large is the market capitalisation of Kingdom Holdings Ltd (0528)?
The market capitalisation of Kingdom Holdings Ltd is HK$723M (≈ $92.1M). 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 Kingdom Holdings Ltd (0528)?
The price-to-sales ratio of Kingdom Holdings Ltd is 0.06 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Kingdom Holdings Ltd (0528)?
The dividend yield of Kingdom Holdings Ltd is 4.6%. 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 Kingdom Holdings Ltd (0528)?
The net margin of Kingdom Holdings Ltd is 2.3% (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 Kingdom Holdings Ltd (0528)?
The return on equity (ROE) of Kingdom Holdings Ltd is 20.3% (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 Kingdom Holdings Ltd (0528)?
On an EBIT basis the return on assets of Kingdom Holdings Ltd is 4.8% (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 Kingdom Holdings Ltd (0528)?
The operating margin of Kingdom Holdings Ltd is 13.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kingdom Holdings Ltd (0528)?
Revenue at Kingdom Holdings Ltd is growing 4.3% versus a year earlier (3y avg +9.8%). 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 Kingdom Holdings Ltd (0528)?
Earnings per share at Kingdom Holdings Ltd are growing 9.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kingdom Holdings Ltd (0528) generate?
The free cash flow of Kingdom Holdings Ltd is 656M CNY (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 Kingdom Holdings Ltd (0528) carry?
The net debt of Kingdom Holdings Ltd is 157M CNY (fiscal year 2025, ≈ 0.2 yrs of FCF). 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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Thin data
Nov 15, 2026