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Ling Yui Holdings Ltd (0784) Fair Value & Analysis

Industrials · HK · Market cap HK$532M

LY Ling Yui Holdings Ltd 0784 · HK
PriceHK$0.6650
Fair ValueHK$0.2500
Upside-62.4%
Quality60/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 166% ABOVE our fair value of HK$0.2500
!Weak Growth (revenue 5y −5.7 %/yr)
!Loss-making · -6.4% net margin
!Trails peers (3/11)
Weak Growth (revenue 5y −5.7 %/yr)
Loss-making · -6.4% net margin
Low debt · generates free cash flow
Trails peers (3/11)
Narrow moat 10/100
Evidence: Low Range HK$0.1800 – HK$0.3300 Share as image

Fair value as of: Aug 24, 2026

From 7 valuation models · updated today

Fair value updated Aug 24, 2026, revised from HK$0.0100 to HK$0.2500 (+2,400.0%) since Aug 13, 2026. Share price +3.9% over the past month.

A solid business, but screening 62% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (HK$0.3300). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.1800 to HK$0.3300) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$1.03 HK$0.0410 Fair Value HK$0.2500 Sep 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range HK$0.0410 – HK$1.03 · fair‑value band HK$0.1800 – HK$0.3300 · the HK$0.6650 price screens above the HK$0.2500 fair value. Dashed = 300-day average. As of Aug 24, 2026.

Full chart & analysis →

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Analysis

Ling Yui Holdings Ltd (0784) currently trades at HK$0.6650, while our model-based Fair Value estimate is HK$0.2500, implying the stock looks roughly 62.4% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials 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, Ling Yui Holdings Ltd generated revenue of HK$185M at a net margin of -11.8%. Revenue declined 24.2% year over year. It earns a return on equity of -32.0%. Net debt stands at HK$3.3M. Fundamentals as of Aug 24, 2026

Our scenario range runs from HK$0.1800 (bear case) to HK$0.3300 (bull case); at HK$0.6650, 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 51% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -62%, 0784 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
Growth DCF HK$0.1700 HK$0.2200 HK$0.2900 80
Rev-Margin DCF HK$0.1700 HK$0.2500 HK$0.3400 74
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 50
All 7 models by family
DCF Models
FCF DCF HK$0.1700 HK$0.2200 HK$0.3000 38
5Y Revenue Exit HK$0.1700 HK$0.2500 HK$0.3500 39
10Y Revenue Exit HK$0.1700 HK$0.2200 HK$0.2700 36
Multiples
EV/Revenue HK$0.1900 HK$0.2700 HK$0.3400 43
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 50
Growth DCF
Growth DCF HK$0.1700 HK$0.2200 HK$0.2900 80
Rev-Margin DCF HK$0.1700 HK$0.2500 HK$0.3400 74

Widest divergence: Multiples (HK$0.2700) versus Asset-Based (HK$0.0400). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 2.97 TTM
Net margin -6.4% TTM
Return on equity -22.3% TTM
Return on assets -8.0% TTM
Operating margin -13.0% TTM
Revenue (TTM) HK$179M TTM
More key figures
Growth
Revenue growth (YoY) -6.5% 3y avg -9.1%
EPS growth (YoY) -79.9%
Balance sheet & cash flow
Free cash flow HK$15.9M FY2026
Net debt HK$3.3M FY2026 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 65

Profitability 26
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 74
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Ling Yui Holdings Limited, an investment holding company, engages in the provision of foundation engineering services in Hong Kong.

Full company description

Ling Yui Holdings Limited, an investment holding company, engages in the provision of foundation engineering services in Hong Kong. It offers foundation works, including excavation and lateral support works, pile cap works and pile construction, and site formation works, as well as other ancillary services, such as road and drainage works for foundation projects in the private sector. The company was incorporated in 2017 and is headquartered in San Po Kong, Hong Kong. As of April 9, 2026, Ling Yui Holdings Limited operates as a subsidiary of HaploX Investment Holding Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Ling Yui Holdings Ltd reported revenue of HK$179M in FY2026 versus HK$344M in FY2022, a compound −15.1%/yr. Reported net income was −HK$11.4M in FY2026.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$179M
Latest YoY
−16.4%
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.
−9.1%
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.
−5.7%
Avg. growth/yr (11Y) 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.
+8.3%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue −15.1%/yr
FY22 HK$344M
FY23 HK$239M
FY24 HK$194M
FY25 HK$215M
FY26 HK$179M
Net income
FY22 HK$2.2M
FY23 −HK$30.0M
FY24 HK$655K
FY25 −HK$20.5M
FY26 −HK$11.4M

0784 screens 62% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "Ling Yui Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0784

Peer Group

Engineering & Construction · 836 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 60 · Top 25%
Fair Value upside −62% · Bottom 25%
Return on assets -8% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -13% · Bottom 25%
Revenue growth -7% · Below median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 1.49× · Pricier than median
P/S (TTM) 0.38× · Cheaper than median
P/FCF 4.3× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE0 · sector 15
PAST0 · sector 26
HEALTH100 · sector 94
DIVIDEND0 · sector 38

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $678.02 $143.92 -79%
Vinci SA DG €119.95 €185.62 +55%
Comfort Systems USA, Inc FIX $1,739 $519.97 -70%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 -46%
Ferrovial N.V FER €57.28 €19.17 -67%
HOCHTIEF Aktiengesellschaft HOT €427.60 €203.87 -52%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
ACS, Actividades de Construcción y Servicios, S.A ACS €110.70 €75.04 -32%
EMCOR Group EME $833.40 $549.47 -34%
MasTec, Inc MTZ $281.11 $100.00 -64%

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Frequently asked questions

Is Ling Yui Holdings Ltd (0784) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of HK$0.2500 versus a price of HK$0.6650, about −62% (overvalued).
What is the fair value of 0784?
Our model-based fair value for Ling Yui Holdings Ltd is HK$0.2500 (as of Aug 24, 2026), built from audited fundamentals. The current price: HK$0.6650.
What is the quality score of 0784?
Ling Yui Holdings Ltd has a Quality Score of 60/100. 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 Ling Yui Holdings Ltd (0784)?
Ling Yui Holdings Ltd reported trailing-twelve-month revenue of about HK$185M (latest available figure, as of Aug 24, 2026).
What is the net profit margin of 0784?
The net profit margin of Ling Yui Holdings Ltd is about -11.8%, 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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