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Strong Petrochemical Holdings (0852) Fair Value & Analysis

Energy · HK · Market cap HK$352M

SP Strong Petrochemical Holdings 0852 · HK
PriceHK$0.1660
Fair ValueHK$0.2656
Upside+60.0%
Quality49/100
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Weak Growth
Loss-making · -23.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 0/100
Evidence: Low Range HK$0.1771 – HK$0.3320 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$0.2400 to HK$0.2656 (+10.7%) since Aug 5, 2026.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.1771). 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.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$0.1771 to HK$0.3320) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.2850 HK$0.0555 Fair Value HK$0.2656 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$0.0555 – HK$0.2850 · fair‑value band HK$0.1771 – HK$0.3320 · the HK$0.1660 price screens below the HK$0.2656 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Strong Petrochemical Holdings (0852) currently trades at HK$0.1660, while our model-based Fair Value estimate is HK$0.2656, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Energy 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, Strong Petrochemical Holdings generated revenue of HK$1.7B at a net margin of -23.2%. Revenue grew 5.9% year over year. It earns a return on equity of -35.3%. The balance sheet holds a net cash position of HK$295M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1771 (bear case) to HK$0.3320 (bull case); at HK$0.1660, 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -56% fair-value upside, at 60%, 0852 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
NCAV (Graham) HK$0.3100 HK$0.4100 HK$0.6100 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.3100 HK$0.4100 HK$0.6100 50

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Key figures & financial health

Revenue (TTM) HK$1.7B
Revenue growth (YoY) +5.9%
Net margin -23.2%
Return on equity -35.3%
Free cash flow −HK$41.0M FY2023
Operating margin -8.7%
More key figures
EPS growth (YoY) +107%
Net cash HK$295M FY2023

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 51 · Market factors (momentum, volatility) 47

Profitability 12
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
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

Strong Petrochemical Holdings Limited, an investment holding company, trades in commodities. Its commodities include crude oil, petroleum products, petrochemicals, and coal.

Full company description

Strong Petrochemical Holdings Limited, an investment holding company, trades in commodities. Its commodities include crude oil, petroleum products, petrochemicals, and coal. The company is also involved in the provision of storage, leasing, and other ancillary services for petroleum products and petrochemicals; property investment activities; and installation and maintenance service of solar energy systems. It operates in the People's Republic of China, Hong Kong, Singapore, Malaysia, and Macao. Strong Petrochemical Holdings Limited was incorporated in 1999 and is headquartered in Admiralty, Hong Kong.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Strong Petrochemical Holdings reported revenue of HK$1.3B in FY2023 versus HK$17.4B in FY2019, a compound −48.0%/yr. Reported net income was −HK$95.4M in FY2023.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
HK$1.3B
Latest YoY
+37.2%
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.
−42.2%
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.
−43.9%
Avg. growth/yr (18Y) 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.
−7.7%
Revenue −48.0%/yr
FY19 HK$17.4B
FY20 HK$6.6B
FY21 HK$811M
FY22 HK$923M
FY23 HK$1.3B
Net income
FY19 HK$125M
FY20 −HK$84.4M
FY21 HK$6.2M
FY22 HK$6.2M
FY23 −HK$95.4M

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Cite: Fair Value Calculator (2026). "Strong Petrochemical Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0852

Peer Group

Oil & Gas Refining & Marketing · 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 51 · Below median
Fair Value upside +60% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -23% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth 6% · Above median
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper

P/S (TTM) 0.03× · 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 15
FUTURE 30 · sector 15
PAST 0 · sector 33
HEALTH 94 · sector 81
DIVIDEND 0 · sector 68

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,329 ₹751.26 -43%
Valero Energy Corporation VLO $330.21 $127.32 -61%
Marathon Petroleum Corporation MPC $348.25 $133.18 -62%
Phillips 66 PSX $225.58 $99.41 -56%
Neste Oyj NESTE €29.61 €3.83 -87%
Formosa Petrochemical Corporation 6505 70.20 TWD 15.32 TWD -78%
Bharat Petroleum Corporation BPCL ₹317.00 ₹846.81 +167%
SK Innovation Co 096770 122,400 KRW 53,541 KRW -56%
S-Oil Corporation 010950 140,900 KRW 19,441 KRW -86%
HD Hyundai Co 267250 230,500 KRW 286,077 KRW +24%

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Frequently asked questions

Is Strong Petrochemical Holdings (0852) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2656 versus a price of HK$0.1660, about +60% (undervalued).
What is the fair value of 0852?
Our model-based fair value for Strong Petrochemical Holdings is HK$0.2656 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1660.
What is the quality score of 0852?
Strong Petrochemical Holdings has a Quality Score of 49/100. 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 Strong Petrochemical Holdings (0852)?
Strong Petrochemical Holdings reported trailing-twelve-month revenue of about HK$1.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0852?
The net profit margin of Strong Petrochemical Holdings is about -23.2%, 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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