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World Houseware (Holdings) Limited (0713) Fair Value & Analysis

Industrials · HK · Market cap HK$289M

WH World Houseware (Holdings) Limited 0713 · HK
PriceHK$0.3600
Fair ValueHK$0.7500
Upside+108.3%
Quality37/100
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Weak Growth
Loss-making · -85.5% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 8/100
Evidence: Low Range HK$0.5600 – HK$1.11 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$0.7900 to HK$0.7500 (−5.1%) since Aug 2, 2026. Share price +1.4% over the past month.

Below-average quality, screening 108% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$0.5600). 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.
  • A fairly wide model range (HK$0.5600 to HK$1.11) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$1.13 HK$0.2550 Fair Value HK$0.7500 Aug 2020 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$0.2550 – HK$1.13 · fair‑value band HK$0.5600 – HK$1.11 · the HK$0.3600 price screens below the HK$0.7500 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

World Houseware (Holdings) Limited (0713) currently trades at HK$0.3600, while our model-based Fair Value estimate is HK$0.7500, implying the stock looks roughly 108.3% undervalued today. The Quality Score stands at 37/100 (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: low), always confirm before acting.

Over the trailing twelve months, World Houseware (Holdings) Limited generated revenue of HK$243M at a net margin of -85.5%. Revenue declined 20.3% year over year. It earns a return on equity of -20.3%. The balance sheet holds a net cash position of HK$22.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.5600 (bear case) to HK$1.11 (bull case); at HK$0.3600, the current price sits below 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 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at 108%, 0713 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
Gordon GGM HK$0.0300 HK$0.0300 HK$0.0300 70
DDM Multi-Stage HK$0.0300 HK$0.0300 HK$0.0400 61
NCAV (Graham) HK$0.5900 HK$0.7900 HK$1.18 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.0300 HK$0.0300 HK$0.0300 70
DDM Multi-Stage HK$0.0300 HK$0.0300 HK$0.0400 61
Asset-Based
NCAV (Graham) HK$0.5900 HK$0.7900 HK$1.18 50

Widest divergence: Asset-Based (HK$0.7900) versus Dividend Discount (HK$0.0300). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$243M
Revenue growth (YoY) -20.3%
Net margin -85.5%
Return on equity -20.3%
Free cash flow −HK$46.6M FY2025
Operating margin -25.4%
More key figures
EPS (TTM) HK$-0.0900
EPS growth (YoY) -88.7%
Net cash HK$22.1M FY2025

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 34 · Market factors (momentum, volatility) 36

Profitability 0
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 79
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

World Houseware (Holdings) Limited, an investment holding company, manufactures and distributes household products, PVC pipes and fittings, and moulds in the People's Republic of China and the United States.

Full company description

World Houseware (Holdings) Limited, an investment holding company, manufactures and distributes household products, PVC pipes and fittings, and moulds in the People's Republic of China and the United States. It is involved in the property holding and investment activities; and recycling and reborn resources related business, as well as offers transportation services. The company also trades in building materials and supplies, and household products. World Houseware (Holdings) Limited was founded in 1968 and is headquartered in Kwai Chung, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

World Houseware (Holdings) Limited reported revenue of HK$243M in FY2025 versus HK$878M in FY2021, a compound −27.5%/yr. Reported net income was −HK$208M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$243M
Latest YoY
−23.7%
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.
−27.2%
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.
−21.5%
Avg. growth/yr (25Y) 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.
−4.1%
Revenue −27.5%/yr
FY21 HK$878M
FY22 HK$629M
FY23 HK$381M
FY24 HK$318M
FY25 HK$243M
Net income
FY21 HK$44.0M
FY22 −HK$213M
FY23 −HK$172M
FY24 −HK$322M
FY25 −HK$208M

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Cite: Fair Value Calculator (2026). "World Houseware (Holdings) Limited Fair Value". https://www.fairvalue-calculator.com/stock/0713

Peer Group

Building Products & Equipment · 245 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 37 · Bottom 25%
Fair Value upside +108% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -85% · Bottom 25%
Operating margin (TTM) -25% · Bottom 25%
Revenue growth -20% · Bottom 25%
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/S (TTM) 0.15× · 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 100 · sector 0
FUTURE 0 · sector 11
PAST 0 · sector 23
HEALTH 96 · sector 94
DIVIDEND 23 · sector 41

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $483.96 $208.50 -57%
Johnson Controls International plc JCI $152.79 $44.75 -71%
Carrier Global Corporation CARR $63.08 $16.85 -73%
Compagnie de Saint-Gobain S.A SGO €84.24 €97.97 +16%
PT Impack Pratama Industri Tbk, IMPC 1,405 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 38.91 kr 25.37 -35%
Beijing New Building Materials Public Limited 000786 ¥18.73 ¥31.73 +69%
Moon Environment Technology Co 000811 ¥42.22 ¥11.94 -72%
The Supreme Industries Limited SUPREMEIND ₹3,460 ₹1,376 -60%
Aditya Infotech Limited CPPLUS ₹3,899 ₹763.08 -80%

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Frequently asked questions

Is World Houseware (Holdings) Limited (0713) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.7500 versus a price of HK$0.3600, about +108% (undervalued).
What is the fair value of 0713?
Our model-based fair value for World Houseware (Holdings) Limited is HK$0.7500 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3600.
What is the quality score of 0713?
World Houseware (Holdings) Limited has a Quality Score of 37/100. 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 World Houseware (Holdings) Limited (0713)?
World Houseware (Holdings) Limited reported trailing-twelve-month revenue of about HK$243M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0713?
The net profit margin of World Houseware (Holdings) Limited is about -85.5%, 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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