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Fosun International Limited (0656) Fair Value & Analysis

Industrials · HK · Market cap HK$32.4B

FI Fosun International Limited 0656 · HK
PriceHK$4.91
Fair ValueHK$6.00
Upside+22.3%
Quality42/100
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Mixed Growth
Loss-making · -13.5% net margin
High debt · generates free cash flow
Trails peers (3/12)
Narrow moat 10/100
Evidence: Medium Range HK$1.20 – HK$15.09 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$3.39 to HK$6.00 (+77.1%) since Aug 2, 2026. Share price +18.3% over the past month.

Below-average quality, screening 22% undervalued on our models.

What matters now

  • The model range is unusually wide (HK$1.20 to HK$15.09). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from HK$1.20 (bear) to HK$15.09 (bull), base HK$6.00. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$12.32 HK$3.59 Fair Value HK$6.00 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$3.59 – HK$12.32 · fair‑value band HK$1.20 – HK$15.09 · the HK$4.91 price screens below the HK$6.00 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Fosun International Limited (0656) currently trades at HK$4.91, while our model-based Fair Value estimate is HK$6.00, implying the stock looks roughly 22.3% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Fosun International Limited generated revenue of HK$173B at a net margin of -13.5%. Revenue declined 8.7% year over year. It earns a return on equity of -12.4%. Net debt stands at HK$205B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.20 (bear case) to HK$15.09 (bull case); at HK$4.91, the current price sits within 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 28% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 22%, 0656 screens cheaper 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
Growth DCF HK$1.74 HK$18.45 HK$46.17 80
Rev-Margin DCF HK$9.92 HK$26.03 74
NCAV (Graham) HK$5.77 HK$7.73 HK$11.54 50
All 3 models by family
Asset-Based
NCAV (Graham) HK$5.77 HK$7.73 HK$11.54 50
Growth DCF
Growth DCF HK$1.74 HK$18.45 HK$46.17 80
Rev-Margin DCF HK$9.92 HK$26.03 74

Widest divergence: Growth DCF (HK$9.92) versus Asset-Based (HK$7.73). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$173B
Revenue growth (YoY) -8.7%
Net margin -13.5%
Return on equity -12.4%
Free cash flow HK$15.4B FY2025
Operating margin -28.3%
More key figures
EPS (TTM) HK$0.0800
EPS growth (YoY) -9.7%
Net debt HK$205B FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 54

Profitability 6
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 85
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

Fosun International Limited operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally. It operates through five segments: Health, Happiness, Insurance, Asset Management, and Intelligent Manufacturing.

Full company description

Fosun International Limited operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally. It operates through five segments: Health, Happiness, Insurance, Asset Management, and Intelligent Manufacturing. The Health segment engages in the research, development, manufacture, sale, and trading of pharmaceutical and health products; and provision of medical and health management services. The Happiness segment operates and invests in tourism and leisure, fashion consumer, and lifestyle industries. The Insurance segment operates and invests in the insurance business. The Asset Management segment engages in the operation and investment of asset management, market investments, and investments in other companies of the Group. The Intelligent Manufacturing segment operates and invests in the intelligent manufacturing business; and produces iron, steel, new functional material, and ore. It is also involved in the capital investment and management, property development, retail, and medical research; tourism business; sale of iron and steel products; retail of jewelry; underwriting of life and non-life insurance; manufacture and trading of dairy products, and wine and beverage; reinsurance services; and provision of banking and financial services, as well as digital and intelligent solutions. The company was founded in 1992 and is based in Central, Hong Kong. Fosun International Limited is a subsidiary of Fosun Holdings Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fosun International Limited reported revenue of HK$173B in FY2025 versus HK$161B in FY2021, a compound +1.8%/yr. Reported net income was −HK$23.4B in FY2025.

Growth Quality 40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$173B
Latest YoY
−9.7%
Avg. growth/yr (3Y) 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.
−1.7%
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.
+4.9%
Avg. growth/yr (21Y) 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.
+11.4%
Revenue +1.8%/yr
FY21 HK$161B
FY22 HK$182B
FY23 HK$198B
FY24 HK$192B
FY25 HK$173B
Net income
FY21 HK$10.1B
FY22 −HK$832M
FY23 HK$1.4B
FY24 −HK$4.3B
FY25 −HK$23.4B

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Cite: Fair Value Calculator (2026). "Fosun International Limited Fair Value". https://www.fairvalue-calculator.com/stock/0656

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Conglomerates · 385 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 42 · Below median
Fair Value upside +22% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -13% · Bottom 25%
Operating margin (TTM) -28% · Bottom 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 2.39× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than median
PEG 5.74× · Pricier 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 63 · sector 27
FUTURE 0 · sector 17
PAST 0 · sector 18
HEALTH 0 · sector 89
DIVIDEND 13 · sector 46

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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SRF Limited SRF ₹2,585 ₹859.71 -67%
Empresas Copec S.A COPEC 6,030 CLP 10,809 CLP +79%
Posco International Corporation 047050 54,300 KRW 71,119 KRW +31%
Tube Investments of India Limited TIINDIA ₹2,839 ₹723.80 -75%
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Thermax Limited THERMAX ₹4,002 ₹1,343 -66%

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Frequently asked questions

Is Fosun International Limited (0656) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$6.00 versus a price of HK$4.91, about +22% (undervalued).
What is the fair value of 0656?
Our model-based fair value for Fosun International Limited is HK$6.00 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$4.91.
What is the quality score of 0656?
Fosun International Limited has a Quality Score of 42/100. 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 Fosun International Limited (0656)?
Fosun International Limited reported trailing-twelve-month revenue of about HK$173B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0656?
The net profit margin of Fosun International Limited is about -13.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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