Integrated Waste Solutions Group (0923) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Integrated Waste Solutions Group HK$0.01, price HK$0.01, upside -3.1%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Integrated Waste Solutions Group Holdings Limited, an investment holding company, provides solid waste management services in Hong Kong and Mainland China. It operates through four segments: Confidential Materials Destruction Service, Logistics Services, Recovered Paper and Materials, and Tissue Paper Products.
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Integrated Waste Solutions Group Holdings Limited, an investment holding company, provides solid waste management services in Hong Kong and Mainland China. It operates through four segments: Confidential Materials Destruction Service, Logistics Services, Recovered Paper and Materials, and Tissue Paper Products. The company sells recovered paper and materials, and tissue paper products. It also offers confidential materials destruction services; logistics; waste plastic recycling and treatment; hazardous waste treatment; and supply chain management services. The company was formerly known as Fook Woo Group Holdings Limited and changed its name to Integrated Waste Solutions Group Holdings Limited in August 2013. Integrated Waste Solutions Group Holdings Limited was founded in 1968 and is headquartered in Sheung Shui, Hong Kong. Integrated Waste Solutions Group Holdings Limited operates as a subsidiary of Chow Tai Fook (Holding) Limited.
Stock analysis
Integrated Waste Solutions Group (0923) currently trades at HK$0.0130, while our model-based Fair Value estimate is HK$0.0126, so the stock looks roughly fairly valued today (gap 3.2%).
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Integrated Waste Solutions Group reported revenue of HK$41.0M in FY2026 versus HK$42.1M in FY2022, a compound −0.7%/yr. Reported net income was −HK$169M in FY2026.
Key figures
Market cap HK$62.7M (≈ $8.0M) · P/S ratio 1.53 · Return on equity −124% · Return on assets (EBIT) −43.1% · Operating margin −96.1% · Revenue (TTM) HK$41.0M · Revenue growth (YoY) −10.4% · Free cash flow −HK$33.8M.
What moves the price
The share trades about 48% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at −3%, 0923 screens cheaper than that median.
Fair Value models
Bear HK$0.0126Fair Value HK$0.0126Bull HK$0.0126
Price HK$0.0130 · Upside -3.1%
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.1%
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.
−1.1%
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 2021 (pandemic). Over 10 years: −17.3% a year
Revenue growth 19 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.
−15.3%
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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.
−101.5% (2021) → −99.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Integrated Waste Solutions Group with another stock
Price, fair value, quality and upside side by side.
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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.Conglomerates · 361 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−3.1% · Below median
Profitability
Return on assets−12.1% · Bottom 25%
Operating margin (TTM)−96.1% · Bottom 25%
Growth and dividend
Revenue growth−10.4% · Bottom 25%
Valuation Multiplesvs Conglomerates 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.
Cite: Fair Value Calculator (2026). "Integrated Waste Solutions Group Fair Value". https://www.fairvalue-calculator.com/stock/0923
Frequently asked questions
Is Integrated Waste Solutions Group (0923) overvalued or undervalued?
As of Oct 11, 2026, our model estimates a fair value of HK$0.0126 versus a price of HK$0.0130, about −3% upside (fairly valued).
What is the fair value of 0923?
Our model-based fair value for Integrated Waste Solutions Group is HK$0.0126 (as of Oct 11, 2026), built from audited fundamentals. The current price: HK$0.0130.
What is the quality score of 0923?
Integrated Waste Solutions Group has a Quality Score of 41/100. 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 Integrated Waste Solutions Group (0923)?
Our model-based price target is the fair value of HK$0.0126 (as of Oct 11, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Integrated Waste Solutions Group stock forecast for 2026?
Our models put fair value at HK$0.0126, about −3% upside versus a price of HK$0.0130 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of Integrated Waste Solutions Group (0923)?
Integrated Waste Solutions Group reported trailing-twelve-month revenue of about HK$41.0M (latest available figure, as of Oct 11, 2026).
What is the intrinsic value of Integrated Waste Solutions Group (0923)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Integrated Waste Solutions Group it is HK$0.0126 per share (as of Oct 11, 2026), against a price of HK$0.0130. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Integrated Waste Solutions Group stock overvalued or undervalued in 2026?
As of Oct 11, 2026, 0923 trades above its calculated fair value: price HK$0.0130, fair value HK$0.0126, 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 0923?
No. The price is what the market pays today (HK$0.0130); the fair value is what the company's own numbers justify (HK$0.0126). For Integrated Waste Solutions Group the two are HK$0.0004 per share apart. That gap is exactly why we show both numbers side by side.
How much is Integrated Waste Solutions Group worth?
The market values Integrated Waste Solutions Group at about HK$62.7M (market capitalisation, as of Oct 11, 2026). Per share that is HK$0.0130; our models calculate a fair value of HK$0.0126 per share.
How solid is the balance sheet of Integrated Waste Solutions Group (0923)?
Balance-sheet figures for Integrated Waste Solutions Group (as of Oct 11, 2026): return on equity −124.2%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 0923 from its 52-week high?
Integrated Waste Solutions Group trades at HK$0.0130, about 48% below its 52-week high of HK$0.0250 and at the low of HK$0.0130 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0126 is for.
Which stocks are comparable to Integrated Waste Solutions Group?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific 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 Integrated Waste Solutions Group stock attractive at the current price?
The data as of Oct 11, 2026: price HK$0.0130, calculated fair value HK$0.0126 (−3%), Quality Score 41/100, from 1 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 0923 calculated?
We run Integrated Waste Solutions Group through 1 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$0.0126, 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 14.9 % above its aggregate fair value. Integrated Waste Solutions Group itself currently trades above fair value. 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 Integrated Waste Solutions Group (0923)?
The closing price on Oct 9, 2026 was HK$0.0130. Our model-based fair value is HK$0.0126, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Integrated Waste Solutions Group right now?
The price sits above even our optimistic bull case (HK$0.0126). The favourable scenario is already priced in. 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.
Key figures of Integrated Waste Solutions Group
How large is the market capitalisation of Integrated Waste Solutions Group (0923)?
The market capitalisation of Integrated Waste Solutions Group is HK$62.7M (≈ $8.0M). 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 Integrated Waste Solutions Group (0923)?
The price-to-sales ratio of Integrated Waste Solutions Group is 1.53 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of Integrated Waste Solutions Group (0923)?
The return on equity (ROE) of Integrated Waste Solutions Group is −124% (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 Integrated Waste Solutions Group (0923)?
On an EBIT basis the return on assets of Integrated Waste Solutions Group is −43.1% (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 Integrated Waste Solutions Group (0923)?
The operating margin of Integrated Waste Solutions Group is −96.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Integrated Waste Solutions Group (0923)?
Revenue at Integrated Waste Solutions Group is growing −10.4% versus a year earlier (3y avg −1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Integrated Waste Solutions Group (0923) generate?
The free cash flow of Integrated Waste Solutions Group is −HK$33.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Integrated Waste Solutions Group (0923) carry?
The net debt of Integrated Waste Solutions Group is HK$33.3M (fiscal year 2026). 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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