Luk Fook Holdings International Ltd (0590) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Luk Fook Holdings International Ltd stock HK$39.21, price HK$20.16, upside +94.5%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range HK$11.72 – HK$32.13 · fair‑value band HK$25.98 – HK$58.61 · the HK$20.16 price screens below the HK$39.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.
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The company offers ring and pair rings, necklaces, pendants, earrings, bangles and bracelets, charms, figurines, accessories, and other products of various materials comprising diamond, gold, platinum, jadeite, gemstone, pearl, and silver materials.
It also provides authentication of gemstones; gold bullion trading services; management services to group companies and wholesale distribution of gold and jewelry products; and software development and services related to internet.
In addition, the company wholesales polished diamonds; offers trademark licensing, brand building, promotion of quality examination services, as well as provides handling services on diamond subcontracting and diamonds export custom services; and engages in electronic retailing of gold and jewelry products, as well as provides management services.
Luk Fook Holdings (International) Limited was founded in 1991 and is headquartered in Sha Tin, Hong Kong.
Stock analysis
Luk Fook Holdings International Ltd (0590) currently trades at HK$20.16, while our model-based Fair Value estimate is HK$39.21, implying the stock looks roughly 48.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of HK$76.65 per share, and 14 of the 17 models we run sit above the HK$20.16 price.
Bear case: the Dividend Discount group reads lowest at HK$13.95, and 3 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$25.98 (bear) to HK$58.61 (bull), the price of HK$20.16 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 65/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Luk Fook Holdings International Ltd reported revenue of HK$17.2B in FY2026 versus HK$11.7B in FY2022, a compound +10.0%/yr. Reported net income was HK$2.0B in FY2026, compounding +10.1%/yr from FY2022.
Key figures
Market cap HK$11.8B (≈ $1.5B) Small · P/E ratio 5.8 · P/S ratio 0.69 · EPS (TTM) HK$3.48 · Dividend yield 7.8% · Net margin 11.9% · Return on equity 14.4% · Return on assets (EBIT) 11.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 94%, 0590 screens cheaper than that median.
Fair Value models
BearHK$25.98Fair Value HK$39.21BullHK$58.61
Price HK$20.16 · Upside +94.5%
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.0%
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.
+12.8%
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.
+14.2%
Start year 2021 (pandemic). Over 10 years: +2.1% a year
Revenue growth 27 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.
+9.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.4%
Dividend (yield on the price)7.8%
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.15.0% vs 7.2%, picking up
Profit margin 2021 to 2026 ⓘ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.14% → 20%
2026 sits 59% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Luk Fook Holdings International Ltd with another stock
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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.Luxury Goods · 119 stocks
Beats the industry median on 14/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+94.5% · Top 25%
Profitability
Return on equity (12 months)14.4% · Above median
Return on assets9.3% · Above median
Net margin (12 months)11.9% · Top 25%
Operating margin (12 months)18.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)31.3% · Above median
Dividend yield (12 months)7.8% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Luxury Goods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Luk Fook Holdings International Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0590
Frequently asked questions
Is Luk Fook Holdings International Ltd (0590) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of HK$39.21 versus a price of HK$20.16, about +94% upside (undervalued).
What is the fair value of 0590?
Our model-based fair value for Luk Fook Holdings International Ltd is HK$39.21 (as of Oct 31, 2026), built from audited fundamentals. The current price: HK$20.16.
What is the quality score of 0590?
Luk Fook Holdings International Ltd has a Quality Score of 65/100. 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 Luk Fook Holdings International Ltd (0590)?
Our model-based price target is the fair value of HK$39.21 (as of Oct 31, 2026) from 17 valuation models. Cautious scenario HK$25.98, optimistic scenario HK$58.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Luk Fook Holdings International Ltd stock forecast for 2026?
Our models put fair value at HK$39.21, about +94% upside versus a price of HK$20.16 (undervalued). Cautious scenario HK$25.98, optimistic scenario HK$58.61. The calculation is refreshed regularly with new filings.
What is the revenue of Luk Fook Holdings International Ltd (0590)?
Luk Fook Holdings International Ltd reported trailing-twelve-month revenue of about HK$17.2B (latest available figure, as of Oct 31, 2026).
Does Luk Fook Holdings International Ltd pay a dividend?
Luk Fook Holdings International Ltd currently shows a dividend yield of 7.79% relative to its recent price (as of Oct 31, 2026).
What is the intrinsic value of Luk Fook Holdings International Ltd (0590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Luk Fook Holdings International Ltd it is HK$39.21 per share (as of Oct 31, 2026), against a price of HK$20.16. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Luk Fook Holdings International Ltd stock overvalued or undervalued in 2026?
As of Oct 31, 2026, 0590 trades below its calculated fair value: price HK$20.16, fair value HK$39.21, a gap of about +94% (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 0590?
No. The price is what the market pays today (HK$20.16); the fair value is what the company's own numbers justify (HK$39.21). For Luk Fook Holdings International Ltd the two are HK$19.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Luk Fook Holdings International Ltd worth?
The market values Luk Fook Holdings International Ltd at about HK$11.8B (market capitalisation, as of Oct 31, 2026). Per share that is HK$20.16; our models calculate a fair value of HK$39.21 per share.
What do the bullish and bearish scenarios say about 0590?
Our models span a range for Luk Fook Holdings International Ltd: cautious scenario HK$25.98, base HK$39.21, optimistic HK$58.61 per share (as of Oct 31, 2026, price HK$20.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0590?
Luk Fook Holdings International Ltd trades at a price-to-earnings ratio of 5.8 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$39.21 is built from several models across several years. Other multiples: PEG 0.4, P/B 0.8, P/S 0.7, EV/EBITDA 3.4.
What is the PEG ratio of 0590?
The PEG ratio of Luk Fook Holdings International Ltd is 0.43 (P/E divided by earnings growth, as of Oct 31, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Luk Fook Holdings International Ltd (0590)?
Balance-sheet figures for Luk Fook Holdings International Ltd (as of Oct 31, 2026): return on equity 14.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 0590 from its 52-week high?
Luk Fook Holdings International Ltd trades at HK$20.16, about 37% below its 52-week high of HK$32.13 and 5% above the low of HK$19.21 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$39.21 is for.
Which stocks are comparable to Luk Fook Holdings International Ltd?
From the same area (Consumer Cyclical) we also value Hermès International Société en commandite par actions, Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, 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 Luk Fook Holdings International Ltd stock attractive at the current price?
The data as of Oct 31, 2026: price HK$20.16, calculated fair value HK$39.21 (+94%), Quality Score 65/100, from 17 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 0590 calculated?
We run Luk Fook Holdings International Ltd through 17 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$39.21, 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 13.5 % above its aggregate fair value. Luk Fook Holdings International Ltd currently trades 49 % 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 Luk Fook Holdings International Ltd (0590)?
The closing price on Oct 30, 2026 was HK$20.16. Our model-based fair value is HK$39.21, about +94% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Luk Fook Holdings International Ltd right now?
The price is below even our cautious bear case (HK$25.98). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (HK$25.98 to HK$58.61) leaves room in how you read the outcome.
Where does the earnings growth of Luk Fook Holdings International Ltd (0590) come from?
Earnings per share at Luk Fook Holdings International Ltd grew +3.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +0.8 %, EBIT margin +4.1 %, tax rate −0.2 %, residual (interest, one-offs) −1.1 %. 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 Luk Fook Holdings International Ltd
How large is the market capitalisation of Luk Fook Holdings International Ltd (0590)?
The market capitalisation of Luk Fook Holdings International Ltd is HK$11.8B (≈ $1.5B). 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 Luk Fook Holdings International Ltd (0590)?
The price-to-sales ratio of Luk Fook Holdings International Ltd is 0.69 (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 Luk Fook Holdings International Ltd (0590)?
Earnings per share at Luk Fook Holdings International Ltd are HK$3.48 (price ÷ EPS = P/E 5.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Luk Fook Holdings International Ltd (0590)?
The dividend yield of Luk Fook Holdings International Ltd is 7.8% (payout 45.1%). 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 Luk Fook Holdings International Ltd (0590)?
The net margin of Luk Fook Holdings International Ltd is 11.9% (fiscal year 2026). 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 Luk Fook Holdings International Ltd (0590)?
The return on equity (ROE) of Luk Fook Holdings International Ltd is 14.4% (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 Luk Fook Holdings International Ltd (0590)?
On an EBIT basis the return on assets of Luk Fook Holdings International Ltd is 11.3% (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 Luk Fook Holdings International Ltd (0590)?
The operating margin of Luk Fook Holdings International Ltd is 18.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Luk Fook Holdings International Ltd (0590)?
Revenue at Luk Fook Holdings International Ltd is growing +31.3% versus a year earlier (3y avg +12.8%). 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 Luk Fook Holdings International Ltd (0590)?
Earnings per share at Luk Fook Holdings International Ltd are growing +114% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Luk Fook Holdings International Ltd (0590) generate?
The free cash flow of Luk Fook Holdings International Ltd is −HK$78.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Luk Fook Holdings International Ltd (0590) carry?
The net debt of Luk Fook Holdings International Ltd is HK$2.4B (fiscal year 2026). 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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Broad data
Oct 31, 2026