Shunten International (Holdings) Ltd (0932) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Shunten International (Holdings) Ltd stock HK$0.04, price HK$0.05, that is 2.9% below the price, quality 55 out of 100. Rating: fairly valued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 13, 2026.
How to read this chart
60‑month range HK$0.0200 – HK$0.4100 · fair‑value band HK$0.0390 – HK$0.0484 · the HK$0.0450 price screens above the HK$0.0437 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.
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Shunten International (Holdings) Limited, an investment holding company, engages in the development, manufacture, marketing, sale, trade, and distribution of health and beauty supplements and products in Hong Kong.
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It operates through Health and Beauty Supplements and Products Business; and Property Investment Business segments. The company offers its products under its proprietary brands, including Royal Medic, Legend, MeltyEnz, CleansingEnz, La Gusto, Prof Health, HARUKA, Mr. 75, and Health Proof.
It is also involved in the leasing of commercial, residential, and industrial properties; and property, license, and trademark holding. In addition, it provides original equipment manufacturing, general administrative, and management services.
The company sells and distributes its products through local retail chain distributors, special designated counters, Hong Kong Brands and Products Expo, and e-commerce platforms.
The company was formerly known as RM Group Holdings Limited and changed its name to Shunten International (Holdings) Limited in February 2018. Shunten International (Holdings) Limited was incorporated in 2011 and is headquartered in Kwai Chung, Hong Kong.
Stock analysis
Shunten International (Holdings) Ltd (0932) currently trades at HK$0.0450, while our model-based Fair Value estimate is HK$0.0437, so the stock looks roughly fairly valued today (gap 3.0%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$0.0500 per share, and 2 of the 9 models we run sit above the HK$0.0450 price.
Bear case: the Multiples group reads lowest at HK$0.0100, and 7 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.0390 (bear) to HK$0.0484 (bull), the price of HK$0.0450 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 55/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Shunten International (Holdings) Ltd reported revenue of HK$200M in FY2026 versus HK$156M in FY2022, a compound +6.5%/yr. Reported net income was −HK$26.6M in FY2026.
Key figures
Market cap HK$140M (≈ $17.8M) Micro · P/S ratio 0.48 · Net margin −13.3% · Return on equity −21.8% · Return on assets (EBIT) 3.4% (5-year average) · Operating margin −2.1% · Revenue (TTM) HK$200M · Revenue growth (YoY) −3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 73% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at −3%, 0932 screens richer than that median.
Fair Value models
BearHK$0.0390Fair Value HK$0.0437BullHK$0.0484
Price HK$0.0450 · Downside -2.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.3%
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.
−2.5%
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.
−2.1%
Start year 2021 (pandemic). Over 10 years: +0.5% a year
Revenue growth 13 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.
+1.6%
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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.
−45.3% (2021) → −4.0% (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
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).
+11.9%
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 +9.6% a year for the price.
Compare Shunten International (Holdings) Ltd 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.Packaged Foods · 661 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−2.9% · Below median
Profitability
Return on assets−11.7% · Bottom 25%
Net margin (12 months)−13.3% · Bottom 25%
Operating margin (12 months)−2.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.8% · Bottom 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/B1.27× · Cheaper than median
P/S (12 months)0.70× · Cheaper than median
Price / free cash flow (fiscal year)15.7× · Pricier than median
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). "Shunten International (Holdings) Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0932
Frequently asked questions
Is Shunten International (Holdings) Ltd (0932) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of HK$0.0437 versus a price of HK$0.0450, about 3% lower (fairly valued).
What is the fair value of 0932?
Our model-based fair value for Shunten International (Holdings) Ltd is HK$0.0437 (as of Nov 13, 2026), built from audited fundamentals. The current price: HK$0.0450.
What is the quality score of 0932?
Shunten International (Holdings) Ltd has a Quality Score of 55/100. 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 Shunten International (Holdings) Ltd (0932)?
Our model-based price target is the fair value of HK$0.0437 (as of Nov 13, 2026) from 9 valuation models. Cautious scenario HK$0.0390, optimistic scenario HK$0.0484. It is a calculation from audited fundamentals, not an analyst target.
What is the Shunten International (Holdings) Ltd stock forecast for 2026?
Our models put fair value at HK$0.0437, about 3% lower versus a price of HK$0.0450 (fairly valued). Cautious scenario HK$0.0390, optimistic scenario HK$0.0484. The calculation is refreshed regularly with new filings.
What is the revenue of Shunten International (Holdings) Ltd (0932)?
Shunten International (Holdings) Ltd reported trailing-twelve-month revenue of about HK$200M (latest available figure, as of Nov 13, 2026).
What growth is priced into Shunten International (Holdings) Ltd (0932)?
For today's price to be fair in a discounted-cash-flow model, Shunten International (Holdings) Ltd would have to grow free cash flow by +11.9 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.1 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of 0932 use?
Our models discount Shunten International (Holdings) Ltd at 9.3 %: a base by market capitalisation (nano), damped by beta 0.60, 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 Shunten International (Holdings) Ltd that is +11.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Shunten International (Holdings) Ltd (0932) delivered so far?
Over the past 5 years revenue at Shunten International (Holdings) Ltd grew -2.1 % a year. The price currently implies free-cash-flow growth of +11.9 % per 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 Shunten International (Holdings) Ltd (0932) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Shunten International (Holdings) Ltd (+11.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shunten International (Holdings) Ltd (0932)?
The free-cash-flow yield on the price is 6.36 %: that much free cash flow Shunten International (Holdings) Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shunten International (Holdings) Ltd (0932)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shunten International (Holdings) Ltd it is HK$0.0437 per share (as of Nov 13, 2026), against a price of HK$0.0450. It is the blended result of 9 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Shunten International (Holdings) Ltd stock overvalued or undervalued in 2026?
As of Nov 13, 2026, 0932 trades above its calculated fair value: price HK$0.0450, fair value HK$0.0437, 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 0932?
No. The price is what the market pays today (HK$0.0450); the fair value is what the company's own numbers justify (HK$0.0437). For Shunten International (Holdings) Ltd the two are HK$0.0013 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shunten International (Holdings) Ltd worth?
The market values Shunten International (Holdings) Ltd at about HK$140M (market capitalisation, as of Nov 13, 2026). Per share that is HK$0.0450; our models calculate a fair value of HK$0.0437 per share.
What do the bullish and bearish scenarios say about 0932?
Our models span a range for Shunten International (Holdings) Ltd: cautious scenario HK$0.0390, base HK$0.0437, optimistic HK$0.0484 per share (as of Nov 13, 2026, price HK$0.0450). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shunten International (Holdings) Ltd (0932)?
Balance-sheet figures for Shunten International (Holdings) Ltd (as of Nov 13, 2026): return on equity −21.8%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 0932 from its 52-week high?
Shunten International (Holdings) Ltd trades at HK$0.0450, about 15% below its 52-week high of HK$0.0530 and 73% above the low of HK$0.0260 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0437 is for.
Which stocks are comparable to Shunten International (Holdings) Ltd?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Shunten International (Holdings) Ltd stock attractive at the current price?
The data as of Nov 13, 2026: price HK$0.0450, calculated fair value HK$0.0437 (−3%), Quality Score 55/100, from 9 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 0932 calculated?
We run Shunten International (Holdings) Ltd through 9 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of HK$0.0437 builds on their evidence-weighted average, 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 13.9% above its aggregate fair value. Shunten International (Holdings) Ltd 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 Shunten International (Holdings) Ltd (0932)?
The closing price on Nov 13, 2026 was HK$0.0450. Our model-based fair value is HK$0.0437, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shunten International (Holdings) Ltd right now?
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 Shunten International (Holdings) Ltd
How large is the market capitalisation of Shunten International (Holdings) Ltd (0932)?
The market capitalisation of Shunten International (Holdings) Ltd is HK$140M (≈ $17.8M). 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 Shunten International (Holdings) Ltd (0932)?
The price-to-sales ratio of Shunten International (Holdings) Ltd is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Shunten International (Holdings) Ltd (0932)?
The net margin of Shunten International (Holdings) Ltd is −13.3% (fiscal year 2026). 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 Shunten International (Holdings) Ltd (0932)?
The return on equity (ROE) of Shunten International (Holdings) Ltd is −21.8% (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 Shunten International (Holdings) Ltd (0932)?
On an EBIT basis the return on assets of Shunten International (Holdings) Ltd is 3.4% (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 Shunten International (Holdings) Ltd (0932)?
The operating margin of Shunten International (Holdings) Ltd is −2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shunten International (Holdings) Ltd (0932)?
Revenue at Shunten International (Holdings) Ltd is growing −3.8% versus a year earlier (3y avg −2.5%). 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 Shunten International (Holdings) Ltd (0932)?
Earnings per share at Shunten International (Holdings) Ltd are growing −41.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shunten International (Holdings) Ltd (0932) carry?
The net debt of Shunten International (Holdings) Ltd is HK$81.5M (fiscal year 2026, ≈ 9.2 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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Nov 13, 2026