Multifield International Holdings Limited (0898) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Multifield International Holdings Limited HK$2.20, price HK$0.88, upside +150.0%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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$0.6036 – HK$1.11 · fair‑value band HK$1.13 – HK$4.42 · the HK$0.8800 price screens below the HK$2.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Multifield International Holdings Limited, an investment holding company, engages in the investment, development, and management of property in Hong Kong and Mainland China. It operates in three segments: Property Investment; Serviced Apartment Operations and Property Management Services; and Investments in Securities.
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Multifield International Holdings Limited, an investment holding company, engages in the investment, development, and management of property in Hong Kong and Mainland China. It operates in three segments: Property Investment; Serviced Apartment Operations and Property Management Services; and Investments in Securities. The company owns various properties, including office and industrial buildings, retail shops, and car parks, as well as residential complexes, such as hotel-serviced villas and apartments under the Windsor Renaissance brand name. It also provides property management, administration, and management consultancy services; and provision of serviced apartments. The company is headquartered in Wong Chuk Hang, Hong Kong. Multifield International Holdings Limited operates as a subsidiary of Lucky Speculator Limited.
Stock analysis
Multifield International Holdings Limited (0898) currently trades at HK$0.8800, while our model-based Fair Value estimate is HK$2.20, implying the stock looks roughly 60.0% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$6.12 per share, and 11 of the 11 models we run sit above the HK$0.8800 price.
Bear case: the Growth DCF group reads lowest at HK$2.59, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$1.13 (bear) to HK$4.42 (bull), the price of HK$0.8800 sits below 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 59/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Multifield International Holdings Limited reported revenue of HK$313M in FY2025 versus HK$268M in FY2021, a compound +3.9%/yr. Reported net income was −HK$645M in FY2025.
Key figures
Market cap HK$736M (≈ $93.8M) · P/S ratio 2.77 · EPS (TTM) HK$0.2900 · Dividend yield 5.7% · Net margin −225% · Return on equity −7.3% · Return on assets (EBIT) 1.6% · Operating margin 62.6%.
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 21% below its 52-week high and at 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 150%, 0898 screens cheaper than that median.
Fair Value models
Bear HK$1.13Fair Value HK$2.20Bull HK$4.42
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.1795 per share) are deliberately not added.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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.6%
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.
+4.6%
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.
+4.4%
Start year 2020 (pandemic)
Revenue growth 25 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.
+4.1%
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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.
198.5% (2019) → 69.2% (2024)
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
Little optimism in the price
The price assumes less 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).
−21.5%
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 −23.1% a year for the price.
Compare Multifield International Holdings Limited with another stock
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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 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets0.9% · Below median
Operating margin (TTM)62.6% · Top 25%
Growth and dividend
Revenue growth1.3% · Below median
Dividend yield (TTM)5.7% · Above median
Balance sheet
Debt / equity0.17× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Multifield International Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/0898
Frequently asked questions
Is Multifield International Holdings Limited (0898) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$2.20 versus a price of HK$0.8800, about +150% upside (undervalued).
What is the fair value of 0898?
Our model-based fair value for Multifield International Holdings Limited is HK$2.20 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.8800.
What is the quality score of 0898?
Multifield International Holdings Limited has a Quality Score of 59/100. 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 Multifield International Holdings Limited (0898)?
Our model-based price target is the fair value of HK$2.20 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario HK$1.13, optimistic scenario HK$4.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Multifield International Holdings Limited stock forecast for 2026?
Our models put fair value at HK$2.20, about +150% upside versus a price of HK$0.8800 (undervalued). Cautious scenario HK$1.13, optimistic scenario HK$4.42. The calculation is refreshed regularly with new filings.
What is the revenue of Multifield International Holdings Limited (0898)?
Multifield International Holdings Limited reported trailing-twelve-month revenue of about HK$287M (latest available figure, as of Sep 27, 2026).
Does Multifield International Holdings Limited pay a dividend?
Multifield International Holdings Limited currently shows a dividend yield of about 5.68% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Multifield International Holdings Limited (0898)?
For today's price to be fair in a discounted-cash-flow model, Multifield International Holdings Limited would have to grow free cash flow by -21.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 0898 use?
Our models discount Multifield International Holdings Limited at 11.8 %: a base by market capitalisation (micro), damped by beta 0.03, 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 Multifield International Holdings Limited that is -21.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Multifield International Holdings Limited (0898) delivered so far?
Over the past 5 years revenue at Multifield International Holdings Limited grew +4.4 % a year. The price currently implies -21.5 % 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 Multifield International Holdings Limited (0898) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Multifield International Holdings Limited (-21.5 % 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 Multifield International Holdings Limited (0898)?
The free-cash-flow yield on the price is 23.52 %: that much free cash flow Multifield International Holdings Limited produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Multifield International Holdings Limited (0898)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Multifield International Holdings Limited it is HK$2.20 per share (as of Sep 27, 2026), against a price of HK$0.8800. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Multifield International Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 0898 trades below its calculated fair value: price HK$0.8800, fair value HK$2.20, a gap of about +150% (undervalued). 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 0898?
No. The price is what the market pays today (HK$0.8800); the fair value is what the company's own numbers justify (HK$2.20). For Multifield International Holdings Limited the two are HK$1.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Multifield International Holdings Limited worth?
The market values Multifield International Holdings Limited at about HK$736M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.8800; our models calculate a fair value of HK$2.20 per share.
What do the bullish and bearish scenarios say about 0898?
Our models span a range for Multifield International Holdings Limited: cautious scenario HK$1.13, base HK$2.20, optimistic HK$4.42 per share (as of Sep 27, 2026, price HK$0.8800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Multifield International Holdings Limited (0898)?
Balance-sheet figures for Multifield International Holdings Limited (as of Sep 27, 2026): return on equity −7.3%, debt of 0.17 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 0898 from its 52-week high?
Multifield International Holdings Limited trades at HK$0.8800, about 21% below its 52-week high of HK$1.11 and at the low of HK$0.8800 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.20 is for.
Which stocks are comparable to Multifield International Holdings Limited?
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 Multifield International Holdings Limited stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.8800, calculated fair value HK$2.20 (+150%), Quality Score 59/100, 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 0898 calculated?
We run Multifield International Holdings Limited 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$2.20, 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 14.8 % above its aggregate fair value. Multifield International Holdings Limited currently trades 60 % 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 Multifield International Holdings Limited (0898)?
The closing price on Sep 30, 2026 was HK$0.8800. Our model-based fair value is HK$2.20, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Multifield International Holdings Limited right now?
The price is below even our cautious bear case (HK$1.13). The market is more pessimistic than our downside scenario. The model range is unusually wide (HK$1.13 to HK$4.42). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Multifield International Holdings Limited (0898) come from?
Earnings per share at Multifield International Holdings Limited grew −10.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.5 %, EBIT margin −18.7 %, tax rate +0.9 %, residual (interest, one-offs) +6.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Multifield International Holdings Limited
How large is the market capitalisation of Multifield International Holdings Limited (0898)?
The market capitalisation of Multifield International Holdings Limited is HK$736M (≈ $93.8M). 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 Multifield International Holdings Limited (0898)?
The price-to-sales ratio of Multifield International Holdings Limited is 2.77 (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 Multifield International Holdings Limited (0898)?
Earnings per share at Multifield International Holdings Limited are HK$0.2900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Multifield International Holdings Limited (0898)?
The dividend yield of Multifield International Holdings Limited is 5.7% (payout 17.2%). 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 net margin of Multifield International Holdings Limited (0898)?
The net margin of Multifield International Holdings Limited is −225% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Multifield International Holdings Limited (0898)?
The return on equity (ROE) of Multifield International Holdings Limited is −7.3% (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 Multifield International Holdings Limited (0898)?
On an EBIT basis the return on assets of Multifield International Holdings Limited is 1.6% (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 Multifield International Holdings Limited (0898)?
The operating margin of Multifield International Holdings Limited is 62.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Multifield International Holdings Limited (0898)?
Revenue at Multifield International Holdings Limited is growing +1.3% versus a year earlier (3y avg +4.6%). 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 Multifield International Holdings Limited (0898)?
Earnings per share at Multifield International Holdings Limited are growing +85.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Multifield International Holdings Limited (0898) carry?
The net debt of Multifield International Holdings Limited is HK$1.2B (fiscal year 2025, ≈ 7.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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