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Anxian Yuan China Holdings (0922) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$240M

AY Anxian Yuan China Holdings 0922 · HK
PriceHK$0.1040
Fair ValueHK$0.2100
Upside+101.9%
Quality57/100
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Mixed Growth
Loss-making · -59.1% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Narrow moat 25/100
Evidence: Medium Range HK$0.1800 – HK$0.2500 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 2 days ago

Share price +1.0% over the past month.

A solid business, screening 102% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.1800). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$0.1671 HK$0.0850 Fair Value HK$0.2100 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$0.0850 – HK$0.1671 · fair‑value band HK$0.1800 – HK$0.2500 · the HK$0.1040 price screens below the HK$0.2100 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Anxian Yuan China Holdings (0922) currently trades at HK$0.1040, while our model-based Fair Value estimate is HK$0.2100, implying the stock looks roughly 101.9% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Anxian Yuan China Holdings generated revenue of HK$196M at a net margin of -59.1%. Revenue declined 27.1% year over year. It earns a return on equity of -13.2%. The balance sheet holds a net cash position of HK$165M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1800 (bear case) to HK$0.2500 (bull case); at HK$0.1040, 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 about 38% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at 102%, 0922 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
Growth DCF HK$0.4200 HK$0.6200 HK$0.9600 80
Rev-Margin DCF HK$0.2600 HK$0.3700 HK$0.5300 74
ROIC Compounder HK$0.1300 HK$0.1300 HK$0.1300 72
All 13 models by family
DCF Models
FCF DCF HK$0.4500 HK$0.5900 HK$1.02 38
5Y Revenue Exit HK$0.2600 HK$0.3400 HK$0.4800 39
5Y EBITDA Exit HK$0.3100 HK$0.4400 HK$0.6900 41
10Y Revenue Exit HK$0.3200 HK$0.4600 HK$0.5500 36
10Y EBITDA Exit HK$0.3600 HK$0.5500 HK$0.8800 37
Earnings-Based
EPV HK$0.1300 HK$0.1300 HK$0.1300 59
Multiples
EV/EBIT HK$0.1900 HK$0.2300 HK$0.2600 53
EV/EBITDA HK$0.2500 HK$0.3000 HK$0.3500 54
EV/Revenue HK$0.1600 HK$0.1900 HK$0.2200 43
Asset-Based
NCAV (Graham) HK$0.1900 HK$0.2500 HK$0.3800 50
Growth DCF
Growth DCF HK$0.4200 HK$0.6200 HK$0.9600 80
Rev-Margin DCF HK$0.2600 HK$0.3700 HK$0.5300 74
Economic Profit
ROIC Compounder HK$0.1300 HK$0.1300 HK$0.1300 72

Widest divergence: DCF Models (HK$0.4600) versus Earnings-Based (HK$0.1300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$196M
Revenue growth (YoY) -27.1%
Net margin -59.1%
Return on equity -13.2%
Free cash flow HK$67.5M FY2025
P/E ratio 10.8 as of Jul 2, 2026
More key figures
Operating margin 21.7%
EPS (TTM) HK$0.0200
EPS growth (YoY) +5.9%
Net cash HK$165M FY2026

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 30

Profitability 4
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 3
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

Anxian Yuan China Holdings Limited, an investment holding company, engages in the cemetery business in the People's Republic of China. The company offers funeral and burial services; sells tombs and niches; and engages in property management and catering business.

Full company description

Anxian Yuan China Holdings Limited, an investment holding company, engages in the cemetery business in the People's Republic of China. The company offers funeral and burial services; sells tombs and niches; and engages in property management and catering business. The company was formerly known as China Boon Holdings Limited and changed its name to Anxian Yuan China Holdings Limited in July 2013. Anxian Yuan China Holdings Limited was incorporated in 1999 and is headquartered in Causeway Bay, Hong Kong..

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Anxian Yuan China Holdings reported revenue of HK$196M in FY2026 versus HK$311M in FY2022, a compound −10.9%/yr. Reported net income was −HK$116M in FY2026.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$196M
Latest YoY
−17.0%
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.
−16.8%
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.
−8.1%
Avg. growth/yr (26Y) 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.
−2.0%
Revenue −10.9%/yr
FY22 HK$311M
FY23 HK$341M
FY24 HK$284M
FY25 HK$236M
FY26 HK$196M
Net income
FY22 HK$73.1M
FY23 HK$105M
FY24 HK$57.8M
FY25 HK$51.1M
FY26 −HK$116M
Character of growth · EPS growth decomposed (2015-2026) −0.6 % p.a.
Revenue per share −4.8 pp

of which total revenue +9.3 pp · buybacks/dilution −14.1 pp

EBIT margin +8.1 pp
Tax rate −1.8 pp
Residual (interest, one-offs) −2.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Anxian Yuan China Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0922

Peer Group

Personal Services · 43 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 57 · Above median
Fair Value upside +102% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -59% · Bottom 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth -27% · Bottom 25%
Dividend yield (TTM) 16.7% · Top 25%

Valuation Multiples vs Personal Services median · lower = cheaper

P/E (TTM) 10.8× · Cheaper than median
P/S (TTM) 0.16× · Cheaper than 75% of peers
P/FCF 0.5× · 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 17
FUTURE 0 · sector 27
PAST 0 · sector 29
HEALTH 100 · sector 98
DIVIDEND 100 · sector 82

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

Stock Price Fair Value vs Fair Value
Rollins, Inc ROL $36.52 $21.11 -42%
Service Corporation SCI $84.40 $38.27 -55%
Frontdoor, Inc FTDR $85.51 $73.81 -14%
H&R Block, Inc HRB $54.18 $78.30 +45%
Bright Horizons Family Solutions Inc BFAM $71.52 $62.41 -13%
Fu Shou Yuan International Group 1448 HK$2.64 HK$4.20 +59%
Lungyen Life Service Corporation 5530 49.35 TWD 31.33 TWD -37%
Carriage Services, Inc CSV $33.69 $27.81 -17%
Musti Group MUSTI €15.05 €14.08 -6%
Uniao Pet Participacoes S.A AUAU3 R$3.32 R$1.20 -64%

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Frequently asked questions

Is Anxian Yuan China Holdings (0922) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2100 versus a price of HK$0.1040, about +102% (undervalued).
What is the fair value of 0922?
Our model-based fair value for Anxian Yuan China Holdings is HK$0.2100 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1040.
What is the quality score of 0922?
Anxian Yuan China Holdings has a Quality Score of 57/100. 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 Anxian Yuan China Holdings (0922)?
Anxian Yuan China Holdings reported trailing-twelve-month revenue of about HK$196M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0922?
The net profit margin of Anxian Yuan China Holdings is about -59.1%, 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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