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Carry Wealth Holdings Ltd (0643) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Carry Wealth Holdings Ltd stock HK$0.15, price HK$0.15, that is 3.1% below the price, quality 47 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Consumer Cyclical HK · ISIN BMG1925S1017

CW Carry Wealth Holdings Ltd logo Thin data Nov 10, 2026

Carry Wealth Holdings Ltd

0643 · HK

The stock is already about fairly priced, weak company and falling price: meets none of the 3 rules.

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Low debt 
Revenue last quarter +131% vs. a year ago. 
Fair value HK$0.1453 · Fairly valued 
Quality 47/100 
Falling price (downtrend) 
Weak Growth (revenue 5y +1.6 %/yr in HKD) 
Loss-making · -8.5% net margin (TTM) 
Negative free cash flow 
Trails peers (2/11) 
Narrow moat 6/100 · thin data
Thin data 
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

HK$1.25 HK$0.1221 Fair Value HK$0.1453 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range HK$0.1221 – HK$1.25 · fair‑value band HK$0.1090 – HK$0.1816 · the HK$0.1500 price screens above the HK$0.1453 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 10, 2026.

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Company profile

Carry Wealth Holdings Limited, an investment holding company, manufactures, trades in, and markets garment products for various brands in the United States, Europe, Hong Kong, and internationally. The company operates through Garment Manufacturing and Trading; and Securities Investment segments.

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It provides various knitwear, including polo, athletics, cardigan, hoody, tee, jacket, bottom, dress, and layette for men, women, and children. The company also offers consultation services; and invests and trades in securities, as well as manufactures and sells knit products.

Carry Wealth Holdings Limited was founded in 1993 and is headquartered in Kowloon, Hong Kong.

Stock analysis

Carry Wealth Holdings Ltd (0643) currently trades at HK$0.1500, while our estimate is HK$0.1453, so the stock looks roughly fairly valued today (gap 3.2%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: HK$0.1090 (bear) to HK$0.1816 (bull), the price of HK$0.1500 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 47/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Carry Wealth Holdings Ltd reported revenue of HK$315M in FY2025 versus HK$441M in FY2021, a compound −8.1%/yr. Reported net income was −HK$46.2M in FY2025.

Key figures

Market cap HK$135M (≈ $17.2M) Micro · P/S ratio 0.30 · Net margin −14.7% · Return on equity −35.7% · Return on assets (EBIT) −6.5% (5-year average) · Operating margin −9.1% · Revenue (TTM) HK$429M · Revenue growth (YoY) +131%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 54% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −3%, 0643 screens cheaper than that median.

Fair Value

Bear HK$0.1090 Fair Value HK$0.1453 Bull HK$0.1816
Price HK$0.1500 · Downside -3.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 47/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 27
How much profit the company makes from its sales and capital
Quality Growth 14
Are margins and returns getting better?
Cashflow 23
Do the profits arrive as real cash?
Financial strength 61
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 3
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 79
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 9/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−52.6%
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.
−14.2%
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.
+1.6%
Start year 2020 (pandemic). Over 10 years: +10.1% a year
Revenue growth 26 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.
−4.3%
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.
−5.2% (2020) → −13.6% (2025)
What shareholders gained per year ⓘ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

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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.Apparel Manufacturing · 218 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −3.1% · Below median
Profitability
Return on assets −21.8% · Bottom 25%
Net margin (12 months) −8.5% · Bottom 25%
Operating margin (12 months) −9.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 130.6% · Top 25%
Balance sheet
Debt / equity 0.06× · Above median

Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper

P/B 1.28× · Pricier than median
P/S (12 months) 0.32× · Cheapest 25%
PEG 5.47× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)29 · sector 36
FUTURE (revenue growth)100 · sector 14
PAST (return on equity)0 · sector 20
HEALTH (low debt)97 · sector 98
DIVIDEND (yield)0 · sector 61

Context: sector, industry, market

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hla Group 600398 ¥6.17 ¥11.97 +94% vs 0643
Bosideng International Holdings 3998 HK$4.57 HK$7.50 +64% vs 0643
Moncler S.p.A MONC €44.36 €50.69 +14% vs 0643
Kontoor Brands, Inc KTB $81.56 $86.80 +6% vs 0643
Gildan Activewear Inc GIL $34.66 $32.57 −6% vs 0643
LPP SA LPP 28,700 PLN 20,032 PLN −30% vs 0643
Levi Strauss & Co LEVI $24.29 $16.24 −33% vs 0643
Youngor Fashion Co 600177 ¥8.40 ¥5.59 −33% vs 0643
Ralph Lauren Corporation RL $386.30 $226.91 −41% vs 0643
V.F. Corporation VFC $20.68 $11.04 −47% vs 0643

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Carry Wealth Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Carry Wealth Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0643

Frequently asked questions

Is Carry Wealth Holdings Ltd (0643) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is HK$0.1453 versus a price of HK$0.1500, about 3% lower (fairly valued).
What is the fair value of 0643?
Our estimate for Carry Wealth Holdings Ltd is HK$0.1453 (as of Nov 10, 2026), built from audited fundamentals. The current price: HK$0.1500.
What is the quality score of 0643?
Carry Wealth Holdings Ltd has a Quality Score of 47/100. 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 Carry Wealth Holdings Ltd (0643)?
Our calculated price target is the estimate of HK$0.1453 (as of Nov 10, 2026). Cautious scenario HK$0.1090, optimistic scenario HK$0.1816. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Carry Wealth Holdings Ltd stock forecast for 2026?
Our estimate puts fair value at HK$0.1453, about 3% lower versus a price of HK$0.1500 (fairly valued). Cautious scenario HK$0.1090, optimistic scenario HK$0.1816. The calculation is refreshed regularly with new filings.
What is the revenue of Carry Wealth Holdings Ltd (0643)?
Carry Wealth Holdings Ltd reported trailing-twelve-month revenue of about HK$429M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Carry Wealth Holdings Ltd (0643)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Carry Wealth Holdings Ltd it is HK$0.1453 per share (as of Nov 10, 2026), against a price of HK$0.1500.
Is Carry Wealth Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 0643 trades above its calculated fair value: price HK$0.1500, fair value HK$0.1453, a gap of about −3% (fairly valued). 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 0643?
No. The price is what the market pays today (HK$0.1500); the fair value is what the company's own numbers justify (HK$0.1453). For Carry Wealth Holdings Ltd the two are HK$0.0047 per share apart. That gap is exactly why we show both numbers side by side.
How much is Carry Wealth Holdings Ltd worth?
The market values Carry Wealth Holdings Ltd at about HK$135M (market capitalisation, as of Nov 10, 2026). Per share that is HK$0.1500; our models calculate a fair value of HK$0.1453 per share.
What do the bullish and bearish scenarios say about 0643?
Our models span a range for Carry Wealth Holdings Ltd: cautious scenario HK$0.1090, base HK$0.1453, optimistic HK$0.1816 per share (as of Nov 10, 2026, price HK$0.1500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0643?
The PEG ratio of Carry Wealth Holdings Ltd is 5.47 (P/E divided by earnings growth, as of Nov 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Carry Wealth Holdings Ltd (0643)?
Balance-sheet figures for Carry Wealth Holdings Ltd (as of Nov 10, 2026): return on equity −35.7%, debt of 0.06 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 0643 from its 52-week high?
Carry Wealth Holdings Ltd trades at HK$0.1500, about 54% below its 52-week high of HK$0.3250 and 7% above the low of HK$0.1400 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1453 is for.
Which stocks are comparable to Carry Wealth Holdings Ltd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 Carry Wealth Holdings Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price HK$0.1500, calculated fair value HK$0.1453 (−3%), Quality Score 47/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Carry Wealth Holdings Ltd itself currently trades above fair value. 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 Carry Wealth Holdings Ltd (0643)?
The closing price on Nov 13, 2026 was HK$0.1500. Our estimate is HK$0.1453, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Carry Wealth Holdings Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Carry Wealth Holdings Ltd

How large is the market capitalisation of Carry Wealth Holdings Ltd (0643)?
The market capitalisation of Carry Wealth Holdings Ltd is HK$135M (≈ $17.2M). 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 Carry Wealth Holdings Ltd (0643)?
The price-to-sales ratio of Carry Wealth Holdings Ltd is 0.30 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Carry Wealth Holdings Ltd (0643)?
The net margin of Carry Wealth Holdings Ltd is −14.7% (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 Carry Wealth Holdings Ltd (0643)?
The return on equity (ROE) of Carry Wealth Holdings Ltd is −35.7% (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 Carry Wealth Holdings Ltd (0643)?
On an EBIT basis the return on assets of Carry Wealth Holdings Ltd is −6.5% (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 Carry Wealth Holdings Ltd (0643)?
The operating margin of Carry Wealth Holdings Ltd is −9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Carry Wealth Holdings Ltd (0643)?
Revenue at Carry Wealth Holdings Ltd is growing +131% versus a year earlier (3y avg −14.2%). 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 Carry Wealth Holdings Ltd (0643) generate?
The free cash flow of Carry Wealth Holdings Ltd is −HK$71.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Carry Wealth Holdings Ltd (0643) hold?
Carry Wealth Holdings Ltd holds more cash than debt, HK$45.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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