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C&D Newin Paper & Pulp Corporation (0731) Fair Value & Analysis

Basic Materials · HK · Market cap HK$566M

CD C&D Newin Paper & Pulp Corporation 0731 · HK
PriceHK$0.3100
Fair ValueHK$0.1200
Upside-61.3%
Quality41/100
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Weak Growth
Loss-making · -5.1% net margin
High debt · negative free cash flow
Trails peers (3/10)
Narrow moat 10/100
Evidence: Low Range HK$0.1000 – HK$0.1800 Share as image

Fair value as of: Aug 5, 2026

From 1 valuation models · updated 11 days ago

Fair value updated Aug 5, 2026, revised from HK$0.0600 to HK$0.1200 (+100.0%) since Jul 2, 2026. Share price −13.9% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1800). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

HK$5.10 HK$0.1320 Fair Value HK$0.1200 Dec 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range HK$0.1320 – HK$5.10 · fair‑value band HK$0.1000 – HK$0.1800 · the HK$0.3100 price screens above the HK$0.1200 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

C&D Newin Paper & Pulp Corporation (0731) currently trades at HK$0.3100, while our model-based Fair Value estimate is HK$0.1200, implying the stock looks roughly 61.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials 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).

Over the trailing twelve months, C&D Newin Paper & Pulp Corporation generated revenue of HK$1.5B at a net margin of -5.1%. Revenue grew 22.9% year over year. It earns a return on equity of -44.7%. Net debt stands at HK$767M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$0.1000 (bear case) to HK$0.1800 (bull case); at HK$0.3100, 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 59% below its 52-week high and 140% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at -61%, 0731 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$0.0500 HK$0.0600 HK$0.0900 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0600 HK$0.0900 50

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Key figures & financial health

Revenue (TTM) HK$1.5B
Revenue growth (YoY) +22.9%
Net margin -5.1%
Return on equity -44.7%
Free cash flow −HK$121M FY2026
Operating margin -2.5%
More key figures
EPS (TTM) HK$-0.0300
EPS growth (YoY) -3.3%
Net debt HK$767M FY2026

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 38 · Market factors (momentum, volatility) 61

Profitability 20
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 82
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

C&D Newin Paper & Pulp Corporation Limited, an investment holding company, engages in the manufacture and trade of paper products in Hong Kong and the People's Republic of China. The company provides pulping, papermaking, printing, packing, and waste papers.

Full company description

C&D Newin Paper & Pulp Corporation Limited, an investment holding company, engages in the manufacture and trade of paper products in Hong Kong and the People's Republic of China. The company provides pulping, papermaking, printing, packing, and waste papers. It also duplex offers coated duplex boards, kraftliner, testliner, and corrugated medium products, as well as is involved in the recycling of wasted paper. The company was formerly known as Samson Paper Holdings Limited and changed its name to C&D Newin Paper & Pulp Corporation Limited in October 2022. C&D Newin Paper & Pulp Corporation Limited was founded in 1965 and is headquartered in Central, Hong Kong. C&D Newin Paper & Pulp Corporation Limited operates as a subsidiary of NCD Investment Holding Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

C&D Newin Paper & Pulp Corporation reported revenue of HK$1.5B in FY2026 versus HK$1.2B in FY2022, a compound +4.4%/yr. Reported net income was −HK$73.7M in FY2026.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$1.5B
Latest YoY
+9.6%
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.
+1.6%
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.
−3.2%
Avg. growth/yr (26Y) 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.
−1.9%
Revenue +4.4%/yr
FY22 HK$1.2B
FY23 HK$1.4B
FY24 HK$1.4B
FY25 HK$1.3B
FY26 HK$1.5B
Net income
FY22 HK$472M
FY23 −HK$201M
FY24 −HK$129M
FY25 HK$24.6M
FY26 −HK$73.7M

0731 screens 61% overvalued. Compare with Klabin S.A →

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Cite: Fair Value Calculator (2026). "C&D Newin Paper & Pulp Corporation Fair Value". https://www.fairvalue-calculator.com/stock/0731

Peer Group

Paper & Paper Products · 115 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 38 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 23% · Top 25%
Debt / equity 5.95× · Higher than 75% of peers

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

P/B 0.55× · Cheaper than median
P/S (TTM) 0.05× · 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 27
FUTURE 100 · sector 7
PAST 0 · sector 12
HEALTH 0 · sector 91
DIVIDEND 0 · sector 53

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.55 R$3.80 -78%
UPM-Kymmene Oyj UPM €23.18 €14.21 -39%
Suzano S.A SUZ $8.02 $23.77 +196%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 109.40 kr 49.40 -55%
Shandong Sunpaper Co 002078 ¥13.94 ¥17.29 +24%
Holmen AB HOLMB kr 323.20 kr 217.72 -33%
Nine Dragons Paper (Holdings) Limited 2689 HK$8.21 HK$8.74 +6%
Empresas CMPC S.A CMPC 1,000 CLP 1,253 CLP +25%
Xianhe Co 603733 ¥21.11 ¥21.06 -0%
Billerud AB BILL kr 77.60 kr 48.60 -37%

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Frequently asked questions

Is C&D Newin Paper & Pulp Corporation (0731) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$0.1200 versus a price of HK$0.3100, about −61% (overvalued).
What is the fair value of 0731?
Our model-based fair value for C&D Newin Paper & Pulp Corporation is HK$0.1200 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$0.3100.
What is the quality score of 0731?
C&D Newin Paper & Pulp Corporation has a Quality Score of 41/100. 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 C&D Newin Paper & Pulp Corporation (0731)?
C&D Newin Paper & Pulp Corporation reported trailing-twelve-month revenue of about HK$1.5B (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 0731?
The net profit margin of C&D Newin Paper & Pulp Corporation is about -5.1%, 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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