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Zhongzheng International Company (0943) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$311M

ZI Zhongzheng International Company 0943 · HK
PriceHK$0.1690
Fair ValueHK$0.1190
Upside-29.6%
Quality22/100
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Weak Growth
Loss-making · -76.1% net margin
Moderate debt · negative free cash flow
Trails peers (2/10)
Narrow moat 0/100
Evidence: Low Range HK$0.0850 – HK$0.1785 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 2 days ago

Share price +11.9% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (HK$0.0850 to HK$0.1785) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$0.2600 HK$0.0097 Fair Value HK$0.1190 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$0.0097 – HK$0.2600 · fair‑value band HK$0.0850 – HK$0.1785 · the HK$0.1690 price screens above the HK$0.1190 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Zhongzheng International Company (0943) currently trades at HK$0.1690, while our model-based Fair Value estimate is HK$0.1190, implying the stock looks roughly 29.6% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Consumer Defensive 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: low).

Over the trailing twelve months, Zhongzheng International Company generated revenue of HK$94.2M at a net margin of -76.1%. Revenue declined 35.9% year over year. It earns a return on equity of -19.2%. Net debt stands at HK$156M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0850 (bear case) to HK$0.1785 (bull case); at HK$0.1690, the current price sits within 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 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -38% fair-value upside, at -30%, 0943 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
NCAV (Graham) HK$0.1100 HK$0.1500 HK$0.2300 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.1100 HK$0.1500 HK$0.2300 50

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Key figures & financial health

Revenue (TTM) HK$94.2M
Revenue growth (YoY) -35.9%
Net margin -76.1%
Return on equity -19.2%
Free cash flow −HK$30.0M FY2024
Operating margin -40.0%
More key figures
EPS (TTM) HK$-0.0800
EPS growth (YoY) -65.0%
Net debt HK$156M FY2025

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

Quality Score breakdown

Overall quality 22/100

Of which business quality 23 · Market factors (momentum, volatility) 29

Profitability 1
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 0
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

Zhongzheng International Company Limited, an investment holding company, manufactures, trades, and sells healthcare and household products. It operates through two segments: Healthcare and Household Products Business and Coal Mining Business. The company offers powered oral care products and hair trimming devices.

Full company description

Zhongzheng International Company Limited, an investment holding company, manufactures, trades, and sells healthcare and household products. It operates through two segments: Healthcare and Household Products Business and Coal Mining Business. The company offers powered oral care products and hair trimming devices. It also engages in coal mining concession and management services. It operates in the United States, the People's Republic of China, Germany, France, Japan, Hong Kong, and internationally. Zhongzheng International Company Limited was formerly known as eForce Holdings Limited and changed its name to Zhongzheng International Company Limited in August 2020. The company was incorporated in 1997 and is headquartered in Kowloon, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhongzheng International Company reported revenue of HK$94.2M in FY2025 versus HK$139M in FY2021, a compound −9.3%/yr. Reported net income was −HK$71.6M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$94.2M
Latest YoY
−19.7%
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.
−52.4%
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.
−9.5%
Avg. growth/yr (25Y) 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.
+0.5%
Revenue −9.3%/yr
FY21 HK$139M
FY22 HK$873M
FY23 HK$148M
FY24 HK$117M
FY25 HK$94.2M
Net income
FY21 −HK$232M
FY22 HK$69.1M
FY23 −HK$699M
FY24 −HK$147M
FY25 −HK$71.6M

0943 screens 30% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Zhongzheng International Company Fair Value". https://www.fairvalue-calculator.com/stock/0943

Peer Group

Household & Personal Products · 252 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 23 · Bottom 25%
Fair Value upside −30% · Below median
Return on assets -3% · Bottom 25%
Net margin (TTM) -76% · Bottom 25%
Operating margin (TTM) -40% · Bottom 25%
Revenue growth -36% · Bottom 25%
Debt / equity 0.61× · Higher than 75% of peers

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.42× · 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 0 · sector 29
FUTURE 0 · sector 4
PAST 0 · sector 27
HEALTH 70 · sector 98
DIVIDEND 0 · sector 52

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $144.26 $108.16 -25%
Unilever PLC ULN 1,080 MXN 973.58 MXN -10%
Hindustan Unilever Limited HINDUNILVR ₹2,063 ₹789.46 -62%
Essity AB ESSITYA kr 276.50 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹936.90 ₹367.64 -61%
Marico Limited MARICO ₹855.00 ₹233.05 -73%
APR Co 278470 397,000 KRW 137,521 KRW -65%
Dabur India Limited DABUR ₹411.25 ₹175.59 -57%
PT Unilever Indonesia Tbk UNVR 1,760 IDR 1,928 IDR +10%
Amorepacific Corporation 090430 135,700 KRW 84,785 KRW -38%

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Frequently asked questions

Is Zhongzheng International Company (0943) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1190 versus a price of HK$0.1690, about −30% (overvalued).
What is the fair value of 0943?
Our model-based fair value for Zhongzheng International Company is HK$0.1190 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1690.
What is the quality score of 0943?
Zhongzheng International Company has a Quality Score of 22/100. 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 Zhongzheng International Company (0943)?
Zhongzheng International Company reported trailing-twelve-month revenue of about HK$94.2M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0943?
The net profit margin of Zhongzheng International Company is about -76.1%, 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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