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Asia Cassava Resources Holdings (0841) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$73.7M

AC Asia Cassava Resources Holdings 0841 · HK
PriceHK$0.1890
Fair ValueHK$0.3900
Upside+106.4%
Quality42/100
Weak Growth
Loss-making · -8.1% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 8/100
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Evidence: Low Range HK$0.3600 – HK$0.4200 Share as image

Fair value as of: Aug 5, 2026

From 3 valuation models · updated today

Fair value updated Aug 5, 2026, revised from HK$0.4100 to HK$0.3900 (−4.9%) since Jul 2, 2026. Share price +50.0% over the past month.

Below-average quality, screening 106% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$0.3600). The market is more pessimistic than our downside scenario.
  • 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$0.3600 HK$0.0610 Fair Value HK$0.3900 Mar 2021 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$0.0610 – HK$0.3600 · fair‑value band HK$0.3600 – HK$0.4200 · the HK$0.1890 price screens below the HK$0.3900 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Asia Cassava Resources Holdings (0841) currently trades at HK$0.1890, while our model-based Fair Value estimate is HK$0.3900, implying the stock looks roughly 106.4% undervalued today. We read business quality at 42/100 (below-average quality), in the Consumer Defensive 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: low), always confirm before acting.

Over the trailing twelve months, Asia Cassava Resources Holdings generated revenue of HK$1.4B at a net margin of -8.1%. Revenue grew 88.9% year over year. It earns a return on equity of -35.1%. Net debt stands at HK$822M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$0.3600 (bear case) to HK$0.4200 (bull case); at HK$0.1890, the current price sits below that range. The share trades about 37% below its 52-week high and 159% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 106%, 0841 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 BearBaseBull Evidence
Highest evidence
Gordon GGM HK$0.3800 HK$0.4100 HK$0.4500 70
DDM Multi-Stage HK$0.3800 HK$0.4400 HK$0.5200 61
NCAV (Graham) HK$0.4300 HK$0.5800 HK$0.8600 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.3800 HK$0.4100 HK$0.4500 70
DDM Multi-Stage HK$0.3800 HK$0.4400 HK$0.5200 61
Asset-Based
NCAV (Graham) HK$0.4300 HK$0.5800 HK$0.8600 50

Widest divergence: Asset-Based (HK$0.5800) versus Dividend Discount (HK$0.4100). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) HK$1.4B
Revenue growth (YoY) +88.9%
Net margin -8.1%
Return on equity -35.1%
Free cash flow −HK$240M FY2025
Operating margin 2.5%
More key figures
EPS (TTM) HK$-0.1900
EPS growth (YoY) -51.8%
Net debt HK$822M 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) 58

Profitability 9
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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

Asia Cassava Resources Holdings Limited, an investment holding company, engages in the procurement, processing, warehousing, logistics, and sale of dried cassava chips in Mainland China, Hong Kong, Laos, and Thailand.

Full company description

Asia Cassava Resources Holdings Limited, an investment holding company, engages in the procurement, processing, warehousing, logistics, and sale of dried cassava chips in Mainland China, Hong Kong, Laos, and Thailand. The company operates through three segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel and Serviced Apartment Operations. It also invests in office spaces and industrial properties; holds trademarks; collects debts; operates services apartments; and provides shipping agency services. In addition, the company engages in the operation of a hotel, restaurant, and ancillary entertainment facilities; property investment; and trading and tendering of dried cassava chips, as well as manufacturing and processing of tapioca starch. The company was founded in 1984 and is headquartered in Tsim Sha Tsui, Hong Kong. Asia Cassava Resources Holdings Limited is a subsidiary of Art Rich Management Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asia Cassava Resources Holdings reported revenue of HK$978M in FY2025 versus HK$2.7B in FY2021, a compound −22.5%/yr. Reported net income was −HK$131M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$978M
Latest YoY
−18.0%
Avg. growth/yr (3Y)
−35.1%
Avg. growth/yr (5Y)
−7.2%
Avg. growth/yr (19Y)
+1.5%
Revenue −22.5%/yr
FY21 HK$2.7B
FY22 HK$3.6B
FY23 HK$4.0B
FY24 HK$1.2B
FY25 HK$978M
Net income
FY21 −HK$7.1M
FY22 HK$45.0M
FY23 −HK$94.7M
FY24 −HK$111M
FY25 −HK$131M

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Cite: Fair Value Calculator (2026). "Asia Cassava Resources Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0841

Peer Group

Packaged Foods · 672 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 41 · Bottom 25%
Fair Value upside +111% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth 89% · Top 25%

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 25
FUTURE 100 · sector 20
PAST 0 · sector 26
HEALTH 100 · sector 96
DIVIDEND 0 · sector 46

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

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Asia Cassava Resources Holdings (0841) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$0.3900 versus a price of HK$0.1890, about +106% (undervalued).
What is the fair value of 0841?
Our model-based fair value for Asia Cassava Resources Holdings is HK$0.3900 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$0.1890.
What is the quality score of 0841?
Asia Cassava Resources Holdings has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Asia Cassava Resources Holdings (0841)?
Asia Cassava Resources Holdings reported trailing-twelve-month revenue of about HK$1.4B (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 0841?
The net profit margin of Asia Cassava Resources Holdings is about -8.1%, 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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