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Shunten International (Holdings) Limited (0932) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$87.0M

SI Shunten International (Holdings) Limited 0932 · HK
PriceHK$0.0280
Fair ValueHK$0.0398
Upside+42.1%
Quality56/100
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Weak Growth
Loss-making · -21.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 3/100
Evidence: Medium Range HK$0.0314 – HK$0.0482 Share as image

Fair value as of: Aug 15, 2026

From 10 valuation models · updated yesterday

Share price +3.7% over the past month.

A solid business, screening 42% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.0314). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) 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$0.4100 HK$0.0200 Fair Value HK$0.0398 Sep 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range HK$0.0200 – HK$0.4100 · fair‑value band HK$0.0314 – HK$0.0482 · the HK$0.0280 price screens below the HK$0.0398 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Shunten International (Holdings) Limited (0932) currently trades at HK$0.0280, while our model-based Fair Value estimate is HK$0.0398, implying the stock looks roughly 42.1% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive 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, Shunten International (Holdings) Limited generated revenue of HK$204M at a net margin of -21.8%. Revenue declined 0.9% year over year. It earns a return on equity of -30.7%. Net debt stands at HK$81.5M. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$0.0314 (bear case) to HK$0.0482 (bull case); at HK$0.0280, 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 53% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 42%, 0932 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$0.0600 HK$0.0700 HK$0.0900 80
Rev-Margin DCF HK$0.0600 HK$0.0900 HK$0.1200 74
EV/EBITDA HK$0.0100 HK$0.0200 HK$0.0200 54
All 10 models by family
DCF Models
FCF DCF HK$0.0600 HK$0.0700 HK$0.0900 38
5Y Revenue Exit HK$0.0600 HK$0.0900 HK$0.1200 39
5Y EBITDA Exit HK$0.0300 HK$0.0400 HK$0.0500 41
10Y Revenue Exit HK$0.0600 HK$0.0700 HK$0.0900 36
10Y EBITDA Exit HK$0.0400 HK$0.0500 HK$0.0500 37
Multiples
EV/EBITDA HK$0.0100 HK$0.0200 HK$0.0200 54
EV/Revenue HK$0.0700 HK$0.1000 HK$0.1300 43
Asset-Based
NCAV (Graham) HK$0.0200 HK$0.0200 HK$0.0400 50
Growth DCF
Growth DCF HK$0.0600 HK$0.0700 HK$0.0900 80
Rev-Margin DCF HK$0.0600 HK$0.0900 HK$0.1200 74

Widest divergence: DCF Models (HK$0.0700) versus Multiples (HK$0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$204M
Revenue growth (YoY) -0.9%
Net margin -21.8%
Return on equity -30.7%
Free cash flow HK$23.7M FY2025
Operating margin -2.7%
More key figures
EPS (TTM) HK$-0.0100
EPS growth (YoY) -41.5%
Net debt HK$81.5M FY2026

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 31

Profitability 33
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 16
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

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. It operates through Health and Beauty Supplements and Products Business; and Property Investment Business segments.

Full company description

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. 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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shunten International (Holdings) Limited 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.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$200M
Latest YoY
−2.3%
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.
−2.5%
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.
−2.1%
Avg. growth/yr (13Y) 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.
+1.6%
Revenue +6.5%/yr
FY22 HK$156M
FY23 HK$216M
FY24 HK$236M
FY25 HK$205M
FY26 HK$200M
Net income
FY22 −HK$43.9M
FY23 HK$41.0M
FY24 HK$571K
FY25 −HK$36.2M
FY26 −HK$26.6M

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Cite: Fair Value Calculator (2026). "Shunten International (Holdings) Limited Fair Value". https://www.fairvalue-calculator.com/stock/0932

Peer Group

Packaged Foods · 649 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 56 · Above median
Fair Value upside +43% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -22% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -1% · Below median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than median

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 91 · sector 25
FUTURE 0 · sector 19
PAST 0 · sector 28
HEALTH 100 · sector 96
DIVIDEND 0 · sector 57

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,646 ₹1,870 -67%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Patanjali Foods Limited PATANJALI ₹352.60 ₹144.77 -59%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
PT Mayora Indah Tbk, MYOR 1,665 IDR 2,699 IDR +62%
PT Cisarua Mountain Dairy Tbk CMRY 4,630 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is Shunten International (Holdings) Limited (0932) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$0.0398 versus a price of HK$0.0280, about +42% (undervalued).
What is the fair value of 0932?
Our model-based fair value for Shunten International (Holdings) Limited is HK$0.0398 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$0.0280.
What is the quality score of 0932?
Shunten International (Holdings) Limited has a Quality Score of 56/100. 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 Shunten International (Holdings) Limited (0932)?
Shunten International (Holdings) Limited reported trailing-twelve-month revenue of about HK$204M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 0932?
The net profit margin of Shunten International (Holdings) Limited is about -21.8%, 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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