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Bonjour Holdings (0653) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$30.0M

BH Bonjour Holdings 0653 · HK
PriceHK$0.0420
Fair ValueHK$0.0307
Upside-26.9%
Quality44/100
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Weak Growth
Low debt · negative free cash flow
Trails peers (2/7)
Narrow moat 18/100
Evidence: Low Range HK$0.0276 – HK$0.0338 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0413 to HK$0.0307 (−25.6%) since Aug 2, 2026. Share price −16.0% over the past month.

Below-average quality, and screening another 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.0338). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$4.64 HK$0.0140 Fair Value HK$0.0307 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0140 – HK$4.64 · fair‑value band HK$0.0276 – HK$0.0338 · the HK$0.0420 price screens above the HK$0.0307 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Bonjour Holdings (0653) currently trades at HK$0.0420, while our model-based Fair Value estimate is HK$0.0307, implying the stock looks roughly 26.9% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at HK$48.1M. Revenue declined 50.4% year over year. Net debt stands at HK$61.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0276 (bear case) to HK$0.0338 (bull case); at HK$0.0420, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 74% below its 52-week high and 200% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -20% fair-value upside, at -27%, 0653 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
NCAV (Graham) HK$0.0200 HK$0.0300 HK$0.0400 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.0200 HK$0.0300 HK$0.0400 50

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Key figures & financial health

Revenue (TTM) HK$48.1M
Revenue growth (YoY) -50.4%
Net margin -249%
Return on equity -18,541%
Free cash flow −HK$64.8M FY2024
Operating margin -259%
More key figures
EPS (TTM) HK$-0.9200
EPS growth (YoY) -99.8%
Net debt HK$61.0M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 39 · Market factors (momentum, volatility) 22

Profitability 13
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bonjour Holdings Limited, an investment holding company, engages in the retail and wholesale of beauty, healthcare, and lifestyle products in Hong Kong and Macau. It operates through Wholesaling and Retailing of Beauty, Healthcare and Lifestyle Products; and Wholesaling of Technology Products segments.

Full company description

Bonjour Holdings Limited, an investment holding company, engages in the retail and wholesale of beauty, healthcare, and lifestyle products in Hong Kong and Macau. It operates through Wholesaling and Retailing of Beauty, Healthcare and Lifestyle Products; and Wholesaling of Technology Products segments. The company offers beauty, skin care, perfume, health care products, hair and body care, personal care, daily necessities, global specialty foods, and other products, as well as snacks from Japan, Korea, and Taiwan. It is also involved in the e-commerce business. Bonjour Holdings Limited was founded in 1991 and is headquartered in Tsuen Wan, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bonjour Holdings reported revenue of HK$103M in FY2025 versus HK$627M in FY2021, a compound −36.3%/yr. Reported net income was −HK$120M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$103M
Latest YoY
+28.2%
Avg. growth/yr (5Y) 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.
−28.1%
Avg. growth/yr (23Y) 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.
−7.2%
Revenue −36.3%/yr
FY21 HK$627M
FY22 HK$186M
FY23 HK$950M
FY24 HK$80.5M
FY25 HK$103M
Net income
FY21 −HK$208M
FY22 HK$167M
FY23 HK$54.0M
FY24 −HK$134M
FY25 −HK$120M

0653 screens 27% overvalued. Compare with Alimentation Couche-Tard Inc →

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Cite: Fair Value Calculator (2026). "Bonjour Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0653

Peer Group

Specialty Retail · 222 stocks

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.

Quality Score 39 · Bottom 25%
Fair Value upside −29% · Below median
Return on assets -20% · Bottom 25%
Revenue growth -50% · Bottom 25%
Debt / equity 0.39× · Higher than median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 31
FUTURE 0 · sector 23
PAST 0 · sector 27
HEALTH 81 · sector 94
DIVIDEND 0 · sector 58

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ATD C$93.19 C$75.00 -20%
Casey's General Stores, Inc CASY $839.03 $398.90 -52%
Williams-Sonoma, Inc WSM $245.15 $162.63 -34%
Ulta Beauty, Inc ULTA $531.89 $475.40 -11%
DICK'S Sporting Goods, Inc DKS $202.66 $181.10 -11%
Best Buy Co BBY $83.00 $108.04 +30%
China Tourism Group 601888 ¥54.97 ¥40.40 -27%
Tractor Supply Company TSCO $36.43 $35.52 -2%
Murphy USA Inc MUSA $544.22 $423.35 -22%
Taiwan Mobile Co 3045 109.50 TWD 80.98 TWD -26%

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Frequently asked questions

Is Bonjour Holdings (0653) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0307 versus a price of HK$0.0420, about −27% (overvalued).
What is the fair value of 0653?
Our model-based fair value for Bonjour Holdings is HK$0.0307 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0420.
What is the quality score of 0653?
Bonjour Holdings has a Quality Score of 44/100. 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 revenue of Bonjour Holdings (0653)?
Bonjour Holdings reported trailing-twelve-month revenue of about HK$48.1M (latest available figure, as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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