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Kaisa Capital Investment Holdings (0936) Fair Value & Analysis

Industrials · HK · Market cap HK$265M

KC Kaisa Capital Investment Holdings 0936 · HK
PriceHK$0.3000
Fair ValueHK$0.1300
Upside-56.7%
Quality55/100
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Healthy Growth
Thin margins · 2.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 42/100
Evidence: High Range HK$0.1000 – HK$0.1700 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 2 days ago

Share price +3.4% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1700). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$1.19 HK$0.1000 Fair Value HK$0.1300 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$0.1000 – HK$1.19 · fair‑value band HK$0.1000 – HK$0.1700 · the HK$0.3000 price screens above the HK$0.1300 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kaisa Capital Investment Holdings (0936) currently trades at HK$0.3000, while our model-based Fair Value estimate is HK$0.1300, implying the stock looks roughly 56.7% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kaisa Capital Investment Holdings generated revenue of HK$238M at a net margin of 2.9%. Revenue grew 5.9% year over year. It earns a return on equity of 20.5%. Net debt stands at HK$176M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1000 (bear case) to HK$0.1700 (bull case); at HK$0.3000, the current price sits above 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 78% below its 52-week high and 194% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -18% fair-value upside, at -57%, 0936 screens richer 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$0.4300 HK$0.5500 HK$0.6900 80
Residual Income HK$0.0300 HK$0.0400 HK$0.0700 76
Rev-Margin DCF HK$0.3400 HK$0.4800 HK$0.6400 74
All 25 models by family
DCF Models
FCF DCF HK$0.4300 HK$0.5700 HK$0.7200 38
Owner Earnings HK$0.2400 HK$0.3200 HK$0.4100 31
5Y Revenue Exit HK$0.3400 HK$0.4700 HK$0.6300 39
5Y EBITDA Exit HK$0.7900 HK$1.27 HK$1.82 41
5Y P/E Exit HK$0.2400 HK$0.3000 HK$0.3500 38
10Y Revenue Exit HK$0.3700 HK$0.4900 HK$0.6300 36
10Y EBITDA Exit HK$0.6200 HK$0.9500 HK$1.37 37
10Y P/E Exit HK$0.3300 HK$0.3900 HK$0.4500 35
Earnings-Based
Graham-Dodd HK$0.0400 HK$0.1100 HK$0.1400 54
PEG = 1.0 HK$0.0200 HK$0.0300 HK$0.0400 46
EPV HK$0.4500 HK$0.5000 HK$0.5500 59
Dividend Discount
Gordon GGM HK$0.0600 HK$0.1000 HK$0.1300 70
DDM Multi-Stage HK$0.0600 HK$0.0900 HK$0.1100 61
Multiples
P/E Multiple HK$0.1000 HK$0.1300 HK$0.1700 63
P/S Multiple HK$0.0800 HK$0.1100 HK$0.1400 58
P/B Multiple HK$0.0800 HK$0.1100 HK$0.1400 55
EV/EBIT HK$0.8900 HK$1.18 HK$1.48 53
EV/EBITDA HK$1.23 HK$1.64 HK$2.05 54
EV/Revenue HK$0.2900 HK$0.4100 HK$0.5300 43
Asset-Based
NCAV (Graham) HK$0.0200 HK$0.0200 HK$0.0400 50
Growth DCF
Growth DCF HK$0.4300 HK$0.5500 HK$0.6900 80
Rev-Margin DCF HK$0.3400 HK$0.4800 HK$0.6400 74
Economic Profit
Residual Income HK$0.0300 HK$0.0400 HK$0.0700 76
ROIC Compounder HK$0.4500 HK$0.5100 HK$0.5600 72
Growth Earnings
Growth-Adj P/E HK$0.0800 HK$0.1100 HK$0.1400 68

Widest divergence: Growth DCF (HK$0.4800) versus Asset-Based (HK$0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$238M
Revenue growth (YoY) +5.9%
Net margin 2.9%
Return on equity 20.5%
Free cash flow HK$56.7M FY2025
P/E ratio 25.0 as of Jul 2, 2026
More key figures
Operating margin 8.8%
EPS growth (YoY) +5.1%
Net debt HK$176M FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 55

Profitability 38
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 58
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

Kaisa Capital Investment Holdings Limited is an investment holding company specializing in the trade of construction machinery and spare parts in Hong Kong, Singapore, and the People's Republic of China. The company also leases various construction machinery under operating leases; and offers repair and maintenance services related to construction machinery.

Full company description

Kaisa Capital Investment Holdings Limited is an investment holding company specializing in the trade of construction machinery and spare parts in Hong Kong, Singapore, and the People's Republic of China. The company also leases various construction machinery under operating leases; and offers repair and maintenance services related to construction machinery. In addition, it engages in trading and sub-contracting construction projects. Further, the company offers property development services. The company was formerly known as Eagle Legend Asia Limited and changed its name to Kaisa Capital Investment Holdings Limited in July 2021. Kaisa Capital Investment Holdings Limited was founded in 1975 and is headquartered in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kaisa Capital Investment Holdings reported revenue of HK$238M in FY2025 versus HK$215M in FY2021, a compound +2.6%/yr. Reported net income was HK$6.8M in FY2025, compounding +11.0%/yr from FY2021.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$238M
Latest YoY
+5.5%
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.
+5.9%
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.
+10.7%
Avg. growth/yr (18Y) ⓘ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.
+0.6%
Revenue +2.6%/yr
FY21 HK$215M
FY22 HK$200M
FY23 HK$238M
FY24 HK$225M
FY25 HK$238M
Net income +11.0%/yr
FY21 HK$4.5M
FY22 HK$5.2M
FY23 HK$5.4M
FY24 −HK$113M
FY25 HK$6.8M

0936 screens 57% overvalued. Compare with United Rentals, Inc →

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Kaisa Capital Investment Holdings · Fair Value
HK$0.1300 −57%Fair Value
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Cite: Fair Value Calculator (2026). "Kaisa Capital Investment Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0936

Peer Group

Rental & Leasing Services · 98 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 55 · Top 25%
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Rental & Leasing Services median · lower = cheaper

P/E (TTM) 25.0× · Pricier than 75% of peers
P/B 6.88× · Pricier than 75% of peers
P/S (TTM) 1.12× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 5.7× · 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 0 · sector 52
FUTURE 30 · sector 21
PAST 82 · sector 26
HEALTH 99 · sector 70
DIVIDEND 72 · sector 48

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
United Rentals, Inc URI $1,129 $449.86 -60%
Sunbelt Rentals Holdings SUNB $80.55 $65.76 -18%
AerCap Holdings AER $150.25 $301.51 +101%
Ryder System, Inc R $262.96 $109.71 -58%
Ayvens AYV €11.68 €25.90 +122%
Localiza Rent a Car S.A RENT3 R$34.71 R$37.01 +7%
Element Fleet Management Corp EFN C$27.95 C$15.06 -46%
BOC Aviation Limited 2588 HK$74.40 HK$18.61 -75%
GATX Corporation GATX $177.56 $140.90 -21%
Avis Budget Group CAR $139.58 $158.11 +13%

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Frequently asked questions

Is Kaisa Capital Investment Holdings (0936) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1300 versus a price of HK$0.3000, about −57% (overvalued).
What is the fair value of 0936?
Our model-based fair value for Kaisa Capital Investment Holdings is HK$0.1300 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3000.
What is the quality score of 0936?
Kaisa Capital Investment Holdings 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 revenue of Kaisa Capital Investment Holdings (0936)?
Kaisa Capital Investment Holdings reported trailing-twelve-month revenue of about HK$238M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0936?
The net profit margin of Kaisa Capital Investment Holdings is about 2.9%, meaning it keeps roughly 2.9% 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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