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Viva Goods Company (0933) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$3.8B

VG Viva Goods Company 0933 · HK
PriceHK$0.3250
Fair ValueHK$0.4800
Upside+47.7%
Quality54/100
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Mixed Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Narrow moat 20/100
Evidence: Medium Range HK$0.4800 – HK$0.4800 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 2 days ago

Share price −13.3% over the past month.

A solid business, screening 48% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.4800). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) 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$1.86 HK$0.3050 Fair Value HK$0.4800 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$0.3050 – HK$1.86 · the HK$0.3250 price screens below the HK$0.4800 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Viva Goods Company (0933) currently trades at HK$0.3250, while our model-based Fair Value estimate is HK$0.4800, implying the stock looks roughly 47.7% undervalued today. The Quality Score stands at 54/100 (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, Viva Goods Company generated revenue of HK$10.3B at a net margin of 1.7%. Revenue grew 3.0% year over year. It earns a return on equity of 3.3%. Net debt stands at HK$3.6B. Fundamentals as of Aug 13, 2026

The share trades about 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 27% fair-value upside, at 48%, 0933 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$1.19 HK$2.31 HK$4.12 80
Residual Income HK$0.4900 HK$0.4700 HK$0.3700 76
Rev-Margin DCF HK$0.4900 HK$0.7600 HK$1.32 74
All 24 models by family
DCF Models
FCF DCF HK$1.27 HK$1.98 HK$4.21 38
Owner Earnings HK$0.7200 HK$1.67 HK$3.60 31
5Y Revenue Exit HK$0.4500 HK$0.6500 HK$1.06 39
5Y EBITDA Exit HK$0.5800 HK$0.9100 HK$1.54 41
5Y P/E Exit HK$0.4500 HK$0.8000 HK$1.22 38
10Y Revenue Exit HK$0.7000 HK$1.21 HK$1.41 36
10Y EBITDA Exit HK$0.7900 HK$1.47 HK$2.53 37
10Y P/E Exit HK$0.7100 HK$1.21 HK$1.92 35
Earnings-Based
Graham-Dodd HK$0.1200 HK$0.8100 HK$1.14 54
Lynch FV HK$0.4200 HK$0.6000 HK$0.7800 50
PEG = 1.0 HK$0.4200 HK$0.6000 HK$0.7800 46
EPV HK$0.0200 HK$0.0400 HK$0.0500 59
Multiples
P/E Multiple HK$0.1800 HK$0.2400 HK$0.3000 63
P/S Multiple HK$0.2200 HK$0.2900 HK$0.3600 58
P/B Multiple HK$0.2200 HK$0.2900 HK$0.3600 55
EV/EBIT HK$0.0800 HK$0.1200 HK$0.1700 53
EV/EBITDA HK$0.2900 HK$0.4000 HK$0.5200 54
EV/Revenue HK$0.1100 HK$0.1800 HK$0.2500 43
Asset-Based
NCAV (Graham) HK$0.3500 HK$0.4700 HK$0.7000 50
Growth DCF
Growth DCF HK$1.19 HK$2.31 HK$4.12 80
Rev-Margin DCF HK$0.4900 HK$0.7600 HK$1.32 74
Economic Profit
Residual Income HK$0.4900 HK$0.4700 HK$0.3700 76
ROIC Compounder HK$0.0200 HK$0.0400 HK$0.0500 72
Growth Earnings
Growth-Adj P/E HK$0.4900 HK$0.7000 HK$0.9100 68

Widest divergence: DCF Models (HK$1.21) versus Economic Profit (HK$0.0400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$10.3B
Revenue growth (YoY) +3.0%
Net margin 1.7%
Return on equity 3.3%
Free cash flow HK$830M FY2026
P/E ratio 38.0 as of Jul 2, 2026
More key figures
Operating margin 2.4%
EPS (TTM) HK$0.0300
EPS growth (YoY) +65.3%
Net debt HK$3.6B FY2026

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 17

Profitability 32
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 67
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

Viva Goods Company Limited engages in the design, development, branding, and sale of sports and lifestyle apparel and footwear in the United Kingdom, the Republic of Ireland, the United States, the People's Republic of China, Asia, Europe, the Middle East, and Africa. It operates in two segments, Multi-Brand Apparel and Footwear, and Sports Experience.

Full company description

Viva Goods Company Limited engages in the design, development, branding, and sale of sports and lifestyle apparel and footwear in the United Kingdom, the Republic of Ireland, the United States, the People's Republic of China, Asia, Europe, the Middle East, and Africa. It operates in two segments, Multi-Brand Apparel and Footwear, and Sports Experience. The company offers apparel and footwear, as well as lifestyle products under the Clarks, Bossini/bossini.X, LNG, and TESTONI. It is also involved in management and operation of sports parks, sports centres, ice-skating rinks, and e-sports clubs; coordination of sports events; and sports-related marketing services, as well as sports competitions. In addition, the company retails and distributes garments; offers sports talent management, competition and event production and management, sports-related marketing and consultancy; manufactures shoes; production and distribution of sports content; management and marketing of sports talents; and sells footwear and leather goods. The company was formerly known as Viva China Holdings Limited and changed its name to Viva Goods Company Limited in May 2023. Viva Goods Company Limited was incorporated in 2000 and is headquartered in Hong Kong.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Viva Goods Company reported revenue of HK$10.3B in FY2026 versus HK$1.4B in FY2022, a compound +65.2%/yr. Reported net income was HK$170M in FY2026, compounding −56.0%/yr from FY2022.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$10.3B
Latest YoY
−1.2%
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.
+14.3%
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.
+65.9%
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.
+21.4%
Revenue +65.2%/yr
FY22 HK$1.4B
FY23 HK$6.9B
FY24 HK$11.2B
FY25 HK$10.4B
FY26 HK$10.3B
Net income −56.0%/yr
FY22 HK$4.6B
FY23 HK$850M
FY24 −HK$119M
FY25 −HK$70.4M
FY26 HK$170M

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Viva Goods Company · Fair Value
HK$0.4800 +48%Fair Value
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Cite: Fair Value Calculator (2026). "Viva Goods Company Fair Value". https://www.fairvalue-calculator.com/stock/0933

Peer Group

Apparel Manufacturing · 213 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 54 · Below median
Fair Value upside +48% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 3% · Above median
Dividend yield (TTM) 2.4% · Below median
Debt / equity 0.21× · Higher than 75% of peers

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 38.0× · Pricier than 75% of peers
P/B 0.55× · Cheaper than median
P/S (TTM) 0.37× · Cheaper than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 13.9× · Pricier 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 97 · sector 32
FUTURE 15 · sector 5
PAST 13 · sector 21
HEALTH 89 · sector 98
DIVIDEND 48 · sector 55

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

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 174.25 kr 165.47 -5%
LPP SA LPP 22,220 PLN 17,754 PLN -20%
Bosideng International Holdings 3998 HK$4.65 HK$5.92 +27%
Youngor Fashion Co 600177 ¥7.78 ¥5.59 -28%
Page Industries Limited PAGEIND ₹38,295 ₹12,395 -68%
Hla Group 600398 ¥6.07 ¥9.92 +63%
Youngone Corporation 111770 85,200 KRW 188,736 KRW +122%
F&F Co 383220 68,800 KRW 179,500 KRW +161%
Youngone Holdings 009970 188,300 KRW 697,038 KRW +270%
Wiselink Co 8932 105.00 TWD 37.95 TWD -64%

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Frequently asked questions

Is Viva Goods Company (0933) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.4800 versus a price of HK$0.3250, about +48% (undervalued).
What is the fair value of 0933?
Our model-based fair value for Viva Goods Company is HK$0.4800 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3250.
What is the quality score of 0933?
Viva Goods Company has a Quality Score of 54/100. 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 Viva Goods Company (0933)?
Viva Goods Company reported trailing-twelve-month revenue of about HK$10.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0933?
The net profit margin of Viva Goods Company is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. 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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