SOCAM Development Ltd (0983) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of SOCAM Development Ltd HK$0.35, price HK$0.48, upside -28.0%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$0.2750 – HK$2.61 · fair‑value band HK$0.2617 – HK$0.4701 · the HK$0.4800 price screens above the HK$0.3454 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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SOCAM Development Limited, together with its subsidiaries, engages in the construction and property businesses in Mainland China, Hong Kong, and Macau. It operates through three segments: Construction, Maintenance and Minor Works, Fit-Out; Property; and Other Businesses.
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SOCAM Development Limited, together with its subsidiaries, engages in the construction and property businesses in Mainland China, Hong Kong, and Macau. It operates through three segments: Construction, Maintenance and Minor Works, Fit-Out; Property; and Other Businesses. The company engages in the construction of public housing, commercial, and institutional buildings, as well as interior fitting-out, building renovation, maintenance and minor works, and building information modelling services; acquisition, investment, development, and sale of commercial, retail, and residential properties; and venture capital investment and other activities. It is also involved in maintenance contractor; electrical and mechanical services; interior decoration; owning and leasing of plant and machinery, as well as structural steel construction work; facade supply and construction contract; installation works of electronic display and provision of security systems; smart facilities management solutions and services; and management and consultancy services. The company was formerly known as Shui On Construction and Materials Limited and changed its name to SOCAM Development Limited in September 2011. SOCAM Development Limited was incorporated in 1997 and is headquartered in Wan Chai, Hong Kong. The company operates as a subsidiary of Shui On Land Limited.
Stock analysis
SOCAM Development Ltd (0983) currently trades at HK$0.4800, while our model-based Fair Value estimate is HK$0.3454, implying the stock looks roughly 39.0% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$3.21 per share, and 11 of the 13 models we run sit above the HK$0.4800 price.
Bear case: the Earnings-Based group reads lowest at HK$0.1800, and 2 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.2617 (bear) to HK$0.4701 (bull), the price of HK$0.4800 sits above 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 43/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SOCAM Development Ltd reported revenue of HK$7.0B in FY2025 versus HK$5.3B in FY2021, a compound +7.4%/yr. Reported net income was −HK$141M in FY2025.
Key figures
Market cap HK$179M (≈ $22.8M) · EPS (TTM) HK$−0.2200 · Net margin −2.0% · Return on equity −4.3% · Return on assets (EBIT) 3.2% · Operating margin 1.3% · Revenue (TTM) HK$7.0B · Revenue growth (YoY) −7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 63% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −3% fair-value upside, at −28%, 0983 screens richer than that median.
Fair Value models
Bear HK$0.2617Fair Value HK$0.3454Bull HK$0.4701
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−24.7%
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.
+3.6%
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.
+4.3%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 26 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.
+0.6%
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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.
6.2% (2020) → 1.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Real Estate - Development · 579 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−28% · Below median
Profitability
Return on assets1% · Below median
Net margin (TTM)−1% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth−7% · Below median
Balance sheet
Debt / equity0.80× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/FCF0.2× · Cheaper than median
EV/EBITDA4.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 11
HEALTH (low debt)60· sector 83
DIVIDEND (yield)0· sector 56
VALUE 0: the price sits above our fair-value range.
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). "SOCAM Development Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0983
Frequently asked questions
Is SOCAM Development Ltd (0983) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$0.3454 versus a price of HK$0.4800, about −28% upside (overvalued).
What is the fair value of 0983?
Our model-based fair value for SOCAM Development Ltd is HK$0.3454 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.4800.
What is the quality score of 0983?
SOCAM Development Ltd has a Quality Score of 43/100. 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 SOCAM Development Ltd (0983)?
Our model-based price target is the fair value of HK$0.3454 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario HK$0.2617, optimistic scenario HK$0.4701. It is a calculation from audited fundamentals, not an analyst target.
What is the SOCAM Development Ltd stock forecast for 2026?
Our models put fair value at HK$0.3454, about −28% upside versus a price of HK$0.4800 (overvalued). Cautious scenario HK$0.2617, optimistic scenario HK$0.4701. The calculation is refreshed regularly with new filings.
What is the revenue of SOCAM Development Ltd (0983)?
SOCAM Development Ltd reported trailing-twelve-month revenue of about HK$7.0B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of SOCAM Development Ltd (0983)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SOCAM Development Ltd it is HK$0.3454 per share (as of Sep 24, 2026), against a price of HK$0.4800. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is SOCAM Development Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0983 trades above its calculated fair value: price HK$0.4800, fair value HK$0.3454, a gap of about −28% (overvalued). 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 0983?
No. The price is what the market pays today (HK$0.4800); the fair value is what the company's own numbers justify (HK$0.3454). For SOCAM Development Ltd the two are HK$0.1346 per share apart. That gap is exactly why we show both numbers side by side.
How much is SOCAM Development Ltd worth?
The market values SOCAM Development Ltd at about HK$179M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.4800; our models calculate a fair value of HK$0.3454 per share.
What do the bullish and bearish scenarios say about 0983?
Our models span a range for SOCAM Development Ltd: cautious scenario HK$0.2617, base HK$0.3454, optimistic HK$0.4701 per share (as of Sep 24, 2026, price HK$0.4800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SOCAM Development Ltd (0983)?
Balance-sheet figures for SOCAM Development Ltd (as of Sep 24, 2026): return on equity −4.3%, debt of 0.80 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 0983 from its 52-week high?
SOCAM Development Ltd trades at HK$0.4800, about 2% below its 52-week high of HK$0.4700 and 63% above the low of HK$0.2950 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.3454 is for.
Which stocks are comparable to SOCAM Development Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, 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 SOCAM Development Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$0.4800, calculated fair value HK$0.3454 (−28%), Quality Score 43/100, from 13 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 0983 calculated?
We run SOCAM Development Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.3454, 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 14.1 % above its aggregate fair value. SOCAM Development 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 SOCAM Development Ltd (0983)?
The closing price on Sep 22, 2026 was HK$0.4800. Our model-based fair value is HK$0.3454, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SOCAM Development Ltd right now?
The price sits above even our optimistic bull case (HK$0.4701). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of SOCAM Development Ltd
How large is the market capitalisation of SOCAM Development Ltd (0983)?
The market capitalisation of SOCAM Development Ltd is HK$179M (≈ $22.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of SOCAM Development Ltd (0983)?
Earnings per share at SOCAM Development Ltd are HK$−0.2200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SOCAM Development Ltd (0983)?
The net margin of SOCAM Development Ltd is −2.0% (fiscal year 2025). 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 SOCAM Development Ltd (0983)?
The return on equity (ROE) of SOCAM Development Ltd is −4.3% (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 SOCAM Development Ltd (0983)?
On an EBIT basis the return on assets of SOCAM Development Ltd is 3.2% (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 SOCAM Development Ltd (0983)?
The operating margin of SOCAM Development Ltd is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SOCAM Development Ltd (0983)?
Revenue at SOCAM Development Ltd is growing −7.0% versus a year earlier (3y avg +3.6%). 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 SOCAM Development Ltd (0983)?
Earnings per share at SOCAM Development Ltd are growing −69.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SOCAM Development Ltd (0983) generate?
The free cash flow of SOCAM Development Ltd is HK$97.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SOCAM Development Ltd (0983) carry?
The net debt of SOCAM Development Ltd is HK$2.0B (fiscal year 2025, ≈ 21.0 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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