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Greatime International Holdings (0844) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$205M

GI Greatime International Holdings 0844 · HK
PriceHK$0.3950
Fair ValueHK$0.1900
Upside-51.9%
Quality39/100
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Weak Growth
Loss-making · -20.4% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 0/100
Evidence: Low Range HK$0.1400 – HK$0.2900 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.2600 to HK$0.1900 (−26.9%) since Aug 5, 2026. Share price −2.5% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.2900). The favourable scenario is already priced in.
  • Weak quality (39/100) 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.
  • A fairly wide model range (HK$0.1400 to HK$0.2900) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.8600 HK$0.2100 Fair Value HK$0.1900 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$0.2100 – HK$0.8600 · fair‑value band HK$0.1400 – HK$0.2900 · the HK$0.3950 price screens above the HK$0.1900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Greatime International Holdings (0844) currently trades at HK$0.3950, while our model-based Fair Value estimate is HK$0.1900, implying the stock looks roughly 51.9% overvalued today. The Quality Score stands at 39/100 (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: low).

Over the trailing twelve months, Greatime International Holdings generated revenue of HK$434M at a net margin of -20.4%. Revenue declined 20.0% year over year. It earns a return on equity of -44.2%. The balance sheet holds a net cash position of HK$33.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1400 (bear case) to HK$0.2900 (bull case); at HK$0.3950, 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 39% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 27% fair-value upside, at -52%, 0844 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$0.1700 HK$0.2200 HK$0.3300 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.1700 HK$0.2200 HK$0.3300 50

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Key figures & financial health

Revenue (TTM) HK$434M
Revenue growth (YoY) -20.0%
Net margin -20.4%
Return on equity -44.2%
Free cash flow −HK$15.6M FY2025
Operating margin -9.2%
More key figures
EPS (TTM) HK$-0.0500
Net cash HK$33.0M FY2025

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 39 · Market factors (momentum, volatility) 39

Profitability 18
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 35
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

Greatime International Holdings Limited, an investment holding company, manufactures and sells knitted fabrics and innerwear products for infants and adults in the People's Republic of China. The company operates through Innerwear Products; Knitted Fabrics; and Space Measurement Services, Industrial Drones, and Measurement Robots segments.

Full company description

Greatime International Holdings Limited, an investment holding company, manufactures and sells knitted fabrics and innerwear products for infants and adults in the People's Republic of China. The company operates through Innerwear Products; Knitted Fabrics; and Space Measurement Services, Industrial Drones, and Measurement Robots segments. It is involved in the provision of functional and customized fabrics for lingerie and apparel brands; and a range of innerwear for men, women, toddlers, and infants, including T-shirts, vests, long-sleeves pullovers, men's briefs and boxer briefs, women's panties, long johns, and toddlers' and infants' body suits and bibs. The company also manufactures and trades in garments; and offers fabric weaving, knitting, printing, and dyeing services. In addition, it engages in the provision of high-precision space measurement and modelling services; geographic spatial data measurement services; internal and external industry software development; and CIM underlying platform and system construction; as well as research and development, production, sale, and technical assistance of industrial drones and 3D high-precision laser radar measuring robots. The company primarily sells its products to the sourcing agents, wholesalers, and brand owners. It also has operations in Japan, Taiwan, Italy, Africa, Hong Kong, the Netherlands, the United States, Germany, Myanmar, Southeast Asia, and Norway. The company was formerly known as Grand Concord International Holdings Limited and changed its name to Greatime International Holdings Limited in June 2017. Greatime International Holdings Limited was founded in 2000 and is headquartered in Admiralty, Hong Kong. Greatime International Holdings Limited operates as a subsidiary of Junfun Investment Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Greatime International Holdings reported revenue of HK$434M in FY2025 versus HK$431M in FY2021, a compound +0.2%/yr. Reported net income was −HK$88.6M in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$434M
Latest YoY
−10.8%
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.
−2.6%
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.
+0.7%
Avg. growth/yr (17Y) 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.
+7.1%
Revenue +0.2%/yr
FY21 HK$431M
FY22 HK$469M
FY23 HK$509M
FY24 HK$487M
FY25 HK$434M
Net income
FY21 −HK$14.3M
FY22 −HK$156K
FY23 −HK$1.6M
FY24 −HK$14.5M
FY25 −HK$88.6M

0844 screens 52% overvalued. Compare with H & M Hennes & Mauritz AB →

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Cite: Fair Value Calculator (2026). "Greatime International Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0844

Peer Group

Apparel Manufacturing · 213 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 39 · Bottom 25%
Fair Value upside −52% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth -20% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.06× · 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 32
FUTURE 0 · sector 5
PAST 0 · sector 21
HEALTH 99 · sector 98
DIVIDEND 0 · sector 55

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 174.25 kr 165.47 -5%
LPP SA LPP 22,220 PLN 17,754 PLN -20%
Bosideng International Holdings 3998 HK$4.65 HK$5.92 +27%
Youngor Fashion Co 600177 ¥7.78 ¥5.59 -28%
Page Industries Limited PAGEIND ₹38,295 ₹12,395 -68%
Hla Group 600398 ¥6.07 ¥9.92 +63%
Youngone Corporation 111770 85,200 KRW 188,736 KRW +122%
F&F Co 383220 68,800 KRW 179,500 KRW +161%
Youngone Holdings 009970 188,300 KRW 697,038 KRW +270%
Wiselink Co 8932 105.00 TWD 37.95 TWD -64%

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Frequently asked questions

Is Greatime International Holdings (0844) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1900 versus a price of HK$0.3950, about −52% (overvalued).
What is the fair value of 0844?
Our model-based fair value for Greatime International Holdings is HK$0.1900 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3950.
What is the quality score of 0844?
Greatime International Holdings has a Quality Score of 39/100. 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 Greatime International Holdings (0844)?
Greatime International Holdings reported trailing-twelve-month revenue of about HK$434M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0844?
The net profit margin of Greatime International Holdings is about -20.4%, 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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