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Apollo Future Mobility Group (0860) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$542M

AF Apollo Future Mobility Group 0860 · HK
PriceHK$0.5500
Fair ValueHK$0.2635
Upside-52.1%
Quality25/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/10)
Narrow moat 0/100
Evidence: Low Range HK$0.2635 – HK$0.2635 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 2 days ago

Share price +34.1% 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$0.2635). The favourable scenario is already priced in.
  • Weak quality (25/100) 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.
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Price vs Fair Value (5 years)

HK$12.40 HK$0.3900 Fair Value HK$0.2635 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$0.3900 – HK$12.40 · the HK$0.5500 price screens above the HK$0.2635 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Apollo Future Mobility Group (0860) currently trades at HK$0.5500, while our model-based Fair Value estimate is HK$0.2635, implying the stock looks roughly 52.1% overvalued today. The Quality Score stands at 25/100 (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).

Trailing-twelve-month revenue stands at HK$91.1M. It earns a return on equity of -42.7%. The balance sheet holds a net cash position of HK$223M. Fundamentals as of Aug 13, 2026

The share trades about 40% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -52%, 0860 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
Gordon GGM HK$0.0500 HK$0.0500 HK$0.0600 70
DDM Multi-Stage HK$0.0500 HK$0.0600 HK$0.0700 61
NCAV (Graham) HK$0.6700 HK$0.9000 HK$1.35 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.0500 HK$0.0500 HK$0.0600 70
DDM Multi-Stage HK$0.0500 HK$0.0600 HK$0.0700 61
Asset-Based
NCAV (Graham) HK$0.6700 HK$0.9000 HK$1.35 50

Widest divergence: Asset-Based (HK$0.9000) versus Dividend Discount (HK$0.0500). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$91.1M
Revenue growth (YoY) -97.1%
Return on equity -42.7%
Free cash flow −HK$525M FY2025
Operating margin -4,426%
EPS (TTM) HK$-0.1100
More key figures
Net cash HK$223M FY2025

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

Quality Score breakdown

Overall quality 25/100

Of which business quality 28 · Market factors (momentum, volatility) 13

Profitability 0
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 0
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

Apollo Future Mobility Group Limited, an investment holding company, engages in the trading, retail, and wholesale of jewelry products, watches, and other commodities. The company is also involved in designing, developing, manufacturing and sales of high-performance hypercars.

Full company description

Apollo Future Mobility Group Limited, an investment holding company, engages in the trading, retail, and wholesale of jewelry products, watches, and other commodities. The company is also involved in designing, developing, manufacturing and sales of high-performance hypercars. In addition, it provides mobility technology solutions, and engineering and money lending services. The company operates in Mainland China, Hong Kong, Japan, and Germany. The company was formerly known as WE Solutions Limited and changed its name to Apollo Future Mobility Group Limited in May 2020. Apollo Future Mobility Group Limited was founded in 1990 and is headquartered in Sheung Wan, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Apollo Future Mobility Group reported revenue of HK$91.1M in FY2025 versus HK$529M in FY2021, a compound −35.6%/yr. Reported net income was −HK$664M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$91.1M
Latest YoY
−73.2%
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.
−47.2%
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.
−23.9%
Avg. growth/yr (23Y) 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.
−4.6%
Revenue −35.6%/yr
FY21 HK$529M
FY22 HK$620M
FY23 HK$279M
FY24 HK$340M
FY25 HK$91.1M
Net income
FY21 −HK$359M
FY22 HK$211M
FY23 −HK$861M
FY24 −HK$1.5B
FY25 −HK$664M

0860 screens 52% overvalued. Compare with Compagnie Financière Richemont SA →

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Cite: Fair Value Calculator (2026). "Apollo Future Mobility Group Fair Value". https://www.fairvalue-calculator.com/stock/0860

Peer Group

Luxury Goods · 136 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 25 · Bottom 25%
Fair Value upside −52% · Below median
Return on assets -10% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Revenue growth -97% · Bottom 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.76× · Pricier than median

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 17
FUTURE 0 · sector 38
PAST 0 · sector 40
HEALTH 100 · sector 99
DIVIDEND 23 · sector 44

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

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 193.70 CHF 119.08 -39%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 -43%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%

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Frequently asked questions

Is Apollo Future Mobility Group (0860) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2635 versus a price of HK$0.5500, about −52% (overvalued).
What is the fair value of 0860?
Our model-based fair value for Apollo Future Mobility Group is HK$0.2635 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.5500.
What is the quality score of 0860?
Apollo Future Mobility Group has a Quality Score of 25/100. 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 Apollo Future Mobility Group (0860)?
Apollo Future Mobility Group reported trailing-twelve-month revenue of about HK$91.1M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0860?
The net profit margin of Apollo Future Mobility Group is about 0.0%, meaning it keeps roughly 0.0% 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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