Sustainable Forest Holdings Limited (0723) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Sustainable Forest Holdings Limited HK$0.19, price HK$0.23, upside -16.7%, quality 51 out of 100. 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, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.1000 – HK$0.5700 · fair‑value band HK$0.1200 – HK$0.2300 · the HK$0.2280 price screens above the HK$0.1900 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Reliance Global Holdings Limited, an investment holding company, engages in the forest-related business in China, Hong Kong, rest of Asia, Europe, and the Middle East. It operates through Money Lending, Sustainable Forest Management, and Timber Supply Chain segments.
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Reliance Global Holdings Limited, an investment holding company, engages in the forest-related business in China, Hong Kong, rest of Asia, Europe, and the Middle East. It operates through Money Lending, Sustainable Forest Management, and Timber Supply Chain segments. The company offers mortgage loans, corporate loans, personal loans, and finance leases, as well as management services. It is also involved in the sustainable forest management; natural forest investment; harvesting rights licensing; and timber and wood processing activities, as well as trading and sale of forestry, timber, and wood products. In addition, the company leases properties. The company was formerly known as Sustainable Forest Holdings Limited and changed its name to Reliance Global Holdings Limited in November 2019. Reliance Global Holdings Limited was incorporated in 1991 and is headquartered in Wan Chai, Hong Kong.
Stock analysis
Sustainable Forest Holdings Limited (0723) currently trades at HK$0.2280, while our model-based Fair Value estimate is HK$0.1900, 16.7% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: HK$0.1200 (bear) to HK$0.2300 (bull), the price of HK$0.2280 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 51/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sustainable Forest Holdings Limited reported revenue of HK$175M in FY2025 versus HK$843M in FY2021, a compound −32.5%/yr. Reported net income was −HK$16.5M in FY2025.
Key figures
Market cap HK$249M (≈ $31.8M) · P/S ratio 2.01 · EPS (TTM) HK$−0.0100 · Net margin −9.5% · Return on equity 14.1% · Return on assets (EBIT) 0.7% · Operating margin 57.7% · Revenue (TTM) HK$111M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 52% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 5% fair-value upside, at −17%, 0723 screens richer than that median.
Fair Value models
Bear HK$0.1200Fair Value HK$0.1900Bull HK$0.2300
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.16/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−42.8%
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.
−38.8%
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.
−22.4%
Start year 2020 (pandemic). Over 10 years: +35.8% a year
Revenue growth 25 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%
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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.
6.0% (2020) → −15.9% (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
Compare Sustainable Forest Holdings Limited with another stock
Price, fair value, quality and upside side by side.
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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.Lumber & Wood Production · 69 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−19.1% · Below median
Profitability
Return on equity (TTM)14.1% · Top 25%
Return on assets7.1% · Top 25%
Net margin (TTM)39.8% · Top 25%
Operating margin (TTM)57.7% · Top 25%
Growth and dividend
Revenue growth−9.4% · Bottom 25%
Valuation Multiplesvs Lumber & Wood Production median · lower = cheaper
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Is Sustainable Forest Holdings Limited (0723) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1900 versus a price of HK$0.2280, about −17% upside (overvalued).
What is the fair value of 0723?
Our model-based fair value for Sustainable Forest Holdings Limited is HK$0.1900 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.2280.
What is the quality score of 0723?
Sustainable Forest Holdings Limited has a Quality Score of 51/100. 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 Sustainable Forest Holdings Limited (0723)?
Our model-based price target is the fair value of HK$0.1900 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario HK$0.1200, optimistic scenario HK$0.2300. It is a calculation from audited fundamentals, not an analyst target.
What is the Sustainable Forest Holdings Limited stock forecast for 2026?
Our models put fair value at HK$0.1900, about −17% upside versus a price of HK$0.2280 (overvalued). Cautious scenario HK$0.1200, optimistic scenario HK$0.2300. The calculation is refreshed regularly with new filings.
What is the revenue of Sustainable Forest Holdings Limited (0723)?
Sustainable Forest Holdings Limited reported trailing-twelve-month revenue of about HK$111M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Sustainable Forest Holdings Limited (0723)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sustainable Forest Holdings Limited it is HK$0.1900 per share (as of Sep 27, 2026), against a price of HK$0.2280. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Sustainable Forest Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0723 trades above its calculated fair value: price HK$0.2280, fair value HK$0.1900, a gap of about −17% (overvalued). 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 0723?
No. The price is what the market pays today (HK$0.2280); the fair value is what the company's own numbers justify (HK$0.1900). For Sustainable Forest Holdings Limited the two are HK$0.0380 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sustainable Forest Holdings Limited worth?
The market values Sustainable Forest Holdings Limited at about HK$249M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.2280; our models calculate a fair value of HK$0.1900 per share.
What do the bullish and bearish scenarios say about 0723?
Our models span a range for Sustainable Forest Holdings Limited: cautious scenario HK$0.1200, base HK$0.1900, optimistic HK$0.2300 per share (as of Sep 27, 2026, price HK$0.2280). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sustainable Forest Holdings Limited (0723)?
Balance-sheet figures for Sustainable Forest Holdings Limited (as of Sep 27, 2026): return on equity 14.1%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 0723 from its 52-week high?
Sustainable Forest Holdings Limited trades at HK$0.2280, about 37% below its 52-week high of HK$0.3600 and 52% above the low of HK$0.1500 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1900 is for.
Which stocks are comparable to Sustainable Forest Holdings Limited?
From the same area (Basic Materials) we also value Simpson Manufacturing Co, UFP Industries, Inc, Stella-Jones Inc, Boise Cascade Company, 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 Sustainable Forest Holdings Limited stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.2280, calculated fair value HK$0.1900 (−17%), Quality Score 51/100, from 1 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 0723 calculated?
We run Sustainable Forest Holdings Limited through 1 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$0.1900, 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 14.5 % above its aggregate fair value. Sustainable Forest Holdings Limited 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 Sustainable Forest Holdings Limited (0723)?
The closing price on Oct 2, 2026 was HK$0.2280. Our model-based fair value is HK$0.1900, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sustainable Forest Holdings Limited right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (HK$0.1200 to HK$0.2300) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Sustainable Forest Holdings Limited
How large is the market capitalisation of Sustainable Forest Holdings Limited (0723)?
The market capitalisation of Sustainable Forest Holdings Limited is HK$249M (≈ $31.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sustainable Forest Holdings Limited (0723)?
The price-to-sales ratio of Sustainable Forest Holdings Limited is 2.01 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sustainable Forest Holdings Limited (0723)?
Earnings per share at Sustainable Forest Holdings Limited are HK$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sustainable Forest Holdings Limited (0723)?
The net margin of Sustainable Forest Holdings Limited is −9.5% (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 Sustainable Forest Holdings Limited (0723)?
The return on equity (ROE) of Sustainable Forest Holdings Limited is 14.1% (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 Sustainable Forest Holdings Limited (0723)?
On an EBIT basis the return on assets of Sustainable Forest Holdings Limited is 0.7% (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 Sustainable Forest Holdings Limited (0723)?
The operating margin of Sustainable Forest Holdings Limited is 57.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sustainable Forest Holdings Limited (0723)?
Revenue at Sustainable Forest Holdings Limited is growing −9.4% versus a year earlier (3y avg −38.8%). 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 Sustainable Forest Holdings Limited (0723) generate?
The free cash flow of Sustainable Forest Holdings Limited is −HK$10.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sustainable Forest Holdings Limited (0723) carry?
The net debt of Sustainable Forest Holdings Limited is HK$41.7M (fiscal year 2023). 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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