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Come Sure Group (0794) Fair Value & Analysis

Basic Materials · HK · Market cap HK$82.8M

CS Come Sure Group 0794 · HK
PriceHK$0.2750
Fair ValueHK$0.6500
Upside+136.4%
Quality50/100
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Weak Growth
Thin margins · 0.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 18/100
Evidence: Medium Range HK$0.5700 – HK$0.6500 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 2 days ago

Share price +10.0% over the past month.

A solid business, screening 136% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.5700). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The models converge in a tight band (HK$0.5700 to HK$0.6500), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$0.7000 HK$0.1550 Fair Value HK$0.6500 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$0.1550 – HK$0.7000 · fair‑value band HK$0.5700 – HK$0.6500 · the HK$0.2750 price screens below the HK$0.6500 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Come Sure Group (0794) currently trades at HK$0.2750, while our model-based Fair Value estimate is HK$0.6500, implying the stock looks roughly 136.4% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials 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, Come Sure Group generated revenue of HK$734M at a net margin of 0.6%. Revenue declined 6.8% year over year. It earns a return on equity of 0.9%. Net debt stands at HK$194M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.5700 (bear case) to HK$0.6500 (bull case); at HK$0.2750, 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 8% below its 52-week high and 75% 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 136%, 0794 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
Residual Income HK$0.9300 HK$0.8200 HK$0.4800 76
ROIC Compounder HK$0.6500 HK$0.7000 HK$0.7400 72
Growth-Adj P/E HK$0.0600 HK$0.0900 HK$0.1100 68
All 13 models by family
DCF Models
Owner Earnings HK$0.9100 HK$1.07 HK$1.34 31
Earnings-Based
Graham-Dodd HK$0.0500 HK$0.0600 HK$0.0600 54
EPV HK$0.6500 HK$0.7000 HK$0.7400 59
Multiples
P/E Multiple HK$0.0900 HK$0.1200 HK$0.1400 63
P/S Multiple HK$0.0900 HK$0.1200 HK$0.1400 58
P/B Multiple HK$0.0900 HK$0.1200 HK$0.1400 55
EV/EBIT HK$0.9000 HK$1.11 HK$1.32 53
EV/EBITDA HK$1.40 HK$1.77 HK$2.15 54
EV/Revenue HK$0.8100 HK$1.05 HK$1.28 43
Asset-Based
NCAV (Graham) HK$0.7700 HK$1.03 HK$1.54 50
Economic Profit
Residual Income HK$0.9300 HK$0.8200 HK$0.4800 76
ROIC Compounder HK$0.6500 HK$0.7000 HK$0.7400 72
Growth Earnings
Growth-Adj P/E HK$0.0600 HK$0.0900 HK$0.1100 68

Widest divergence: DCF Models (HK$1.07) versus Earnings-Based (HK$0.0600). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$734M
Revenue growth (YoY) -6.8%
Net margin 0.6%
Return on equity 0.9%
Free cash flow −HK$4.5M FY2025
P/E ratio 27.5
More key figures
Operating margin 2.5%
EPS (TTM) HK$0.0100
EPS growth (YoY) +31.1%
Net debt HK$194M FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 77

Profitability 26
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 88
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

Come Sure Group (Holdings) Limited, an investment holding company, engages in the manufacture, sale, and trading of corrugated paperboards and paper-based packaging products in Hong Kong, Macau, and the People's Republic of China. It operates through Corrugated Products, Offset Printed Corrugated Products, and Properties Leasing segments.

Full company description

Come Sure Group (Holdings) Limited, an investment holding company, engages in the manufacture, sale, and trading of corrugated paperboards and paper-based packaging products in Hong Kong, Macau, and the People's Republic of China. It operates through Corrugated Products, Offset Printed Corrugated Products, and Properties Leasing segments. It also involved in the manufacture, sale, and trading of offset printed corrugated paper-based packaging products, as well as engages in provision of management services. In addition, the company holds properties; and manufactures and trades in molded pulp products, raw papers, and production supplies. Come Sure Group (Holdings) Limited was founded in 1992 and is headquartered in Chai Wan, Hong Kong. Come Sure Group (Holdings) Limited operates as a subsidiary of Perfect Group Version Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Come Sure Group reported revenue of HK$760M in FY2025 versus HK$1.2B in FY2021, a compound −10.8%/yr. Reported net income was HK$2.3M in FY2025, compounding −46.4%/yr from FY2021.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$760M
Latest YoY
−0.5%
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.
−13.6%
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.
−5.5%
Avg. growth/yr (19Y) 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.
+1.5%
Revenue −10.8%/yr
FY21 HK$1.2B
FY22 HK$1.2B
FY23 HK$787M
FY24 HK$765M
FY25 HK$760M
Net income −46.4%/yr
FY21 HK$27.3M
FY22 −HK$39.0M
FY23 −HK$67.2M
FY24 −HK$15.8M
FY25 HK$2.3M

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Cite: Fair Value Calculator (2026). "Come Sure Group Fair Value". https://www.fairvalue-calculator.com/stock/0794

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 50 · Above median
Fair Value upside +136% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Above median
Revenue growth -7% · Bottom 25%

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

P/E (TTM) 27.5× · Pricier than median
P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.11× · 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 27
FUTURE 0 · sector 7
PAST 4 · sector 12
HEALTH 100 · sector 91
DIVIDEND 0 · sector 53

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 13, 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 Come Sure Group (0794) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.6500 versus a price of HK$0.2750, about +136% (undervalued).
What is the fair value of 0794?
Our model-based fair value for Come Sure Group is HK$0.6500 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2750.
What is the quality score of 0794?
Come Sure Group has a Quality Score of 50/100. 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 Come Sure Group (0794)?
Come Sure Group reported trailing-twelve-month revenue of about HK$734M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0794?
The net profit margin of Come Sure Group is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. 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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