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New Gonow Recreational Vehicles Inc (0805) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$6.1B

NG New Gonow Recreational Vehicles Inc 0805 · HK
PriceHK$9.03
Fair ValueHK$4.86
Upside-46.2%
Quality42/100
Expensive Growth
Thin margins · 3.5% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 33/100
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Evidence: High Range HK$3.61 – HK$6.04 Share as image

Fair value as of: Aug 5, 2026

From 15 valuation models · updated today

Fair value updated Aug 5, 2026, revised from HK$0.6100 to HK$4.86 (+696.7%) since Jul 2, 2026. Share price +47.8% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$6.04). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (19 months)

HK$9.23 HK$0.8800 Fair Value HK$4.86 Jan 2025 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

19‑month range HK$0.8800 – HK$9.23 · fair‑value band HK$3.61 – HK$6.04 · the HK$9.03 price screens above the HK$4.86 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

New Gonow Recreational Vehicles Inc (0805) currently trades at HK$9.03, while our model-based Fair Value estimate is HK$4.86, implying the stock looks roughly 46.2% overvalued today. We read business quality at 42/100 (below-average quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, New Gonow Recreational Vehicles Inc generated revenue of HK$871M at a net margin of 3.5%. Revenue grew 3.9% year over year. It earns a return on equity of 16.8%. The balance sheet holds a net cash position of HK$77.9M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$3.61 (bear case) to HK$6.04 (bull case); at HK$9.03, the current price sits above that range. The share trades near its 52-week high. For context, the median of 10 Consumer Cyclical peers we cover trades at 6% fair-value upside, at -46%, 0805 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 BearBaseBull Evidence
Highest evidence
ROIC Compounder HK$3.50 HK$4.01 HK$4.43 72
Growth-Adj P/E HK$4.95 HK$7.08 HK$9.21 68
P/E Multiple HK$4.01 HK$5.37 HK$6.65 63
All 15 models by family
DCF Models
Owner Earnings HK$7.25 HK$13.22 HK$25.24 31
Earnings-Based
Graham-Dodd HK$1.79 HK$12.53 HK$17.65 54
Lynch FV HK$3.67 HK$5.29 HK$6.91 50
PEG = 1.0 HK$3.67 HK$5.29 HK$6.91 46
EPV HK$3.33 HK$3.41 HK$3.58 59
Multiples
P/E Multiple HK$4.01 HK$5.37 HK$6.65 63
P/S Multiple HK$3.41 HK$4.52 HK$5.63 58
P/B Multiple HK$3.41 HK$4.52 HK$5.63 55
EV/EBIT HK$4.26 HK$4.86 HK$5.46 53
EV/EBITDA HK$5.29 HK$6.31 HK$7.33 54
EV/Revenue HK$3.58 HK$4.18 HK$4.69 43
Asset-Based
NCAV (Graham) HK$1.53 HK$2.05 HK$2.98 50
Economic Profit
Residual Income HK$2.56 HK$2.73 HK$3.41 61
ROIC Compounder HK$3.50 HK$4.01 HK$4.43 72
Growth Earnings
Growth-Adj P/E HK$4.95 HK$7.08 HK$9.21 68

Widest divergence: DCF Models (HK$13.22) versus Asset-Based (HK$2.05). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) HK$871M
Revenue growth (YoY) +3.9%
Net margin 3.5%
Return on equity 16.8%
Free cash flow −HK$78.6M FY2025
P/E ratio 210.3
More key figures
Operating margin -2.1%
EPS (TTM) HK$0.0300
EPS growth (YoY) -97.7%
Net cash HK$77.9M FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 34 · Market factors (momentum, volatility) 70

Profitability 45
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 43
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

New Gonow Recreational Vehicles Inc., an investment holding company, designs, develops, manufactures, and sells recreational vehicles (RVs) in Australia and New Zealand. It also provides after-sales services. The company offers caravans under the Snowy River, Regent, and NEWGEN brand names.

Full company description

New Gonow Recreational Vehicles Inc., an investment holding company, designs, develops, manufactures, and sells recreational vehicles (RVs) in Australia and New Zealand. It also provides after-sales services. The company offers caravans under the Snowy River, Regent, and NEWGEN brand names. It sells and distributes its products through third-party dealer stores, self-owned stores, and joint venture stores, as well as online. New Gonow Recreational Vehicles Inc. was founded in 2014 and is headquartered in Jiaxing, the People's Republic of China. New Gonow Recreational Vehicles Inc. operates as a subsidiary of Snowy Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

New Gonow Recreational Vehicles Inc reported revenue of HK$849M in FY2025 versus HK$300M in FY2021, a compound +29.7%/yr. Reported net income was HK$30.0M in FY2025, compounding +4.6%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$849M
Latest YoY
−1.8%
Avg. growth/yr (3Y)
+19.4%
Revenue +29.7%/yr
FY21 HK$300M
FY22 HK$499M
FY23 HK$720M
FY24 HK$864M
FY25 HK$849M
Net income +4.6%/yr
FY21 HK$25.1M
FY22 HK$33.0M
FY23 HK$80.0M
FY24 HK$43.3M
FY25 HK$30.0M

0805 screens 46% overvalued. Compare with Brunswick Corporation →

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Cite: Fair Value Calculator (2026). "New Gonow Recreational Vehicles Inc Fair Value". https://www.fairvalue-calculator.com/stock/0805

Peer Group

Recreational Vehicles · 38 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 42 · Below median
Fair Value upside −47% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) -2% · Below median
Revenue growth 4% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Recreational Vehicles median · lower = cheaper

P/E (TTM) 210.3× · Pricier than 75% of peers
P/B 17.87× · Pricier than 75% of peers
P/S (TTM) 6.95× · Pricier 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 33
FUTURE 20 · sector 15
PAST 67 · sector 16
HEALTH 100 · sector 89
DIVIDEND 0 · sector 57

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 Recreational Vehicles stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Brunswick Corporation BC $80.45 $16.76 -79%
Zhejiang Cfmoto Power Co 603129 ¥258.06 ¥199.10 -23%
BRP Inc DOO C$85.96 C$86.81 +1%
Polaris Inc PII $67.40 $29.83 -56%
THOR Industries, Inc THO $72.86 $97.14 +33%
Trigano S.A TRI €149.60 €273.48 +83%
Patrick Industries, Inc PATK $82.70 $85.54 +3%
Harley-Davidson, Inc HOG $26.81 $64.09 +139%
LCI Industries, LCII $108.17 $156.35 +45%
Sanlorenzo S.p.A SL €38.30 €40.65 +6%

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Frequently asked questions

Is New Gonow Recreational Vehicles Inc (0805) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$4.86 versus a price of HK$9.03, about −46% (overvalued).
What is the fair value of 0805?
Our model-based fair value for New Gonow Recreational Vehicles Inc is HK$4.86 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$9.03.
What is the quality score of 0805?
New Gonow Recreational Vehicles Inc has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of New Gonow Recreational Vehicles Inc (0805)?
New Gonow Recreational Vehicles Inc reported trailing-twelve-month revenue of about HK$871M (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 0805?
The net profit margin of New Gonow Recreational Vehicles Inc is about 3.5%, meaning it keeps roughly 3.5% 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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