Soundwill Holdings Ltd (0878) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Soundwill Holdings Ltd HK$6.30, price HK$6.09, upside +3.5%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Soundwill Holdings Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$4.85 – HK$8.11 · fair‑value band HK$3.35 – HK$9.99 · the HK$6.09 price screens below the HK$6.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
Follow Soundwill Holdings in your weekly email
Every Wednesday you see whether Soundwill Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Soundwill Holdings Limited, an investment holding company, engages in the real estate business in Hong Kong and the Mainland China. It operates through Property development, Property leasing, and Building management and other services segments.
Show more
Soundwill Holdings Limited, an investment holding company, engages in the real estate business in Hong Kong and the Mainland China. It operates through Property development, Property leasing, and Building management and other services segments. The company develops medium to high-end commercial and residential, as well as industrial properties; and offers building management, and repair and maintenance services to large-scale commercial buildings, and small and medium-sized residential estates. It also invests in and leases commercial, office, and residential buildings, as well as advertising and mini-storage spaces; and leases property. The company was founded in 1978 and is headquartered in Causeway Bay, Hong Kong. Soundwill Holdings Limited operates as a subsidiary of Ko Bee Limited.
Stock analysis
Soundwill Holdings Ltd (0878) currently trades at HK$6.09, while our model-based Fair Value estimate is HK$6.30, so the stock looks roughly fairly valued today (gap 3.3%).
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of HK$32.05 per share, and 8 of the 11 models we run sit above the HK$6.09 price.
Bear case: the Growth DCF group reads lowest at HK$5.54, and 3 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$3.35 (bear) to HK$9.99 (bull), the price of HK$6.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Soundwill Holdings Ltd reported revenue of HK$358M in FY2025 versus HK$569M in FY2021, a compound −10.9%/yr. Reported net income was −HK$2.1B in FY2025.
Key figures
Market cap HK$1.7B (≈ $220M) · P/S ratio 4.90 · EPS (TTM) HK$−4.72 · Dividend yield 1.6% · Return on equity −14.6% · Return on assets (EBIT) 0.6% · Operating margin 55.9% · Revenue (TTM) HK$358M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 3%, 0878 screens cheaper than that median.
Fair Value models
Bear HK$3.35Fair Value HK$6.30Bull HK$9.99
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.15/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−70.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−9.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−12.3%
Start year 2020 (pandemic)
Revenue growth 26 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.0%
’12
’14
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
58.6% (2018) → 56.7% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +2.7% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Real Estate Services · 539 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+3.4% · Below median
Profitability
Return on assets0.7% · Below median
Operating margin (TTM)55.9% · Top 25%
Growth and dividend
Revenue growth−11.1% · Bottom 25%
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Soundwill Holdings Ltd (0878) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$6.30 versus a price of HK$6.09, about +3% upside (fairly valued).
What is the fair value of 0878?
Our model-based fair value for Soundwill Holdings Ltd is HK$6.30 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$6.09.
What is the quality score of 0878?
Soundwill Holdings Ltd has a Quality Score of 61/100. 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 price target for Soundwill Holdings Ltd (0878)?
Our model-based price target is the fair value of HK$6.30 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario HK$3.35, optimistic scenario HK$9.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Soundwill Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$6.30, about +3% upside versus a price of HK$6.09 (fairly valued). Cautious scenario HK$3.35, optimistic scenario HK$9.99. The calculation is refreshed regularly with new filings.
What is the revenue of Soundwill Holdings Ltd (0878)?
Soundwill Holdings Ltd reported trailing-twelve-month revenue of about HK$358M (latest available figure, as of Sep 27, 2026).
Does Soundwill Holdings Ltd pay a dividend?
Soundwill Holdings Ltd currently shows a dividend yield of about 1.64% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Soundwill Holdings Ltd (0878)?
For today's price to be fair in a discounted-cash-flow model, Soundwill Holdings Ltd would have to grow free cash flow by +4.9 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -12.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 0878 use?
Our models discount Soundwill Holdings Ltd at 13.3 %: a base by market capitalisation (micro), country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Soundwill Holdings Ltd that is +4.9 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Soundwill Holdings Ltd (0878) delivered so far?
Over the past 5 years revenue at Soundwill Holdings Ltd grew -12.3 % a year. The price currently implies +4.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Soundwill Holdings Ltd (0878) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Soundwill Holdings Ltd (+4.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Soundwill Holdings Ltd (0878)?
The free-cash-flow yield on the price is 9.47 %: that much free cash flow Soundwill Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Soundwill Holdings Ltd (0878)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Soundwill Holdings Ltd it is HK$6.30 per share (as of Sep 27, 2026), against a price of HK$6.09. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Soundwill Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0878 trades below its calculated fair value: price HK$6.09, fair value HK$6.30, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0878?
No. The price is what the market pays today (HK$6.09); the fair value is what the company's own numbers justify (HK$6.30). For Soundwill Holdings Ltd the two are HK$0.2100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Soundwill Holdings Ltd worth?
The market values Soundwill Holdings Ltd at about HK$1.7B (market capitalisation, as of Sep 27, 2026). Per share that is HK$6.09; our models calculate a fair value of HK$6.30 per share.
What do the bullish and bearish scenarios say about 0878?
Our models span a range for Soundwill Holdings Ltd: cautious scenario HK$3.35, base HK$6.30, optimistic HK$9.99 per share (as of Sep 27, 2026, price HK$6.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Soundwill Holdings Ltd (0878)?
Balance-sheet figures for Soundwill Holdings Ltd (as of Sep 27, 2026): return on equity −14.6%, debt of 0.09 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 0878 from its 52-week high?
Soundwill Holdings Ltd trades at HK$6.09, about 15% below its 52-week high of HK$7.20 and 4% above the low of HK$5.86 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$6.30 is for.
Which stocks are comparable to Soundwill Holdings Ltd?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Cellnex Telecom, S.A, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Soundwill Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$6.09, calculated fair value HK$6.30 (+3%), Quality Score 61/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0878 calculated?
We run Soundwill Holdings Ltd through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$6.30, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Soundwill Holdings Ltd currently trades 3 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Soundwill Holdings Ltd (0878)?
The closing price on Sep 30, 2026 was HK$6.09. Our model-based fair value is HK$6.30, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Soundwill Holdings Ltd right now?
The model range is unusually wide (HK$3.35 to HK$9.99). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Soundwill Holdings Ltd
How large is the market capitalisation of Soundwill Holdings Ltd (0878)?
The market capitalisation of Soundwill Holdings Ltd is HK$1.7B (≈ $220M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Soundwill Holdings Ltd (0878)?
The price-to-sales ratio of Soundwill Holdings Ltd is 4.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Soundwill Holdings Ltd (0878)?
Earnings per share at Soundwill Holdings Ltd are HK$−4.72. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Soundwill Holdings Ltd (0878)?
The dividend yield of Soundwill Holdings Ltd is 1.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of Soundwill Holdings Ltd (0878)?
The return on equity (ROE) of Soundwill Holdings Ltd is −14.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Soundwill Holdings Ltd (0878)?
On an EBIT basis the return on assets of Soundwill Holdings Ltd is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Soundwill Holdings Ltd (0878)?
The operating margin of Soundwill Holdings Ltd is 55.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Soundwill Holdings Ltd (0878)?
Revenue at Soundwill Holdings Ltd is growing −11.1% versus a year earlier (3y avg −9.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Soundwill Holdings Ltd (0878)?
Earnings per share at Soundwill Holdings Ltd are growing −92.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Soundwill Holdings Ltd (0878) carry?
The net debt of Soundwill Holdings Ltd is HK$768M (fiscal year 2025, ≈ 4.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Soundwill Holdings Ltd in the live analysis
One click puts Soundwill Holdings Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
