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G-Resources Group (1051) Fair Value & Analysis

Financial Services · HK · Market cap HK$3.5B

GR G-Resources Group 1051 · HK
PriceHK$7.87
Fair ValueHK$3.14
Upside-60.1%
Quality73/100
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Weak Growth
Low debt · generates free cash flow
0.30% dividend yield
Mixed vs. peers (5/12)
Moderate moat 56/100
Evidence: High Range HK$2.36 – HK$3.93 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$3.73 to HK$3.14 (−15.8%) since Aug 5, 2026. Share price −4.3% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (HK$3.93). The favourable scenario is already priced in.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

HK$12.00 HK$1.41 Fair Value HK$3.14 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$1.41 – HK$12.00 · fair‑value band HK$2.36 – HK$3.93 · the HK$7.87 price screens above the HK$3.14 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

G-Resources Group (1051) currently trades at HK$7.87, while our model-based Fair Value estimate is HK$3.14, implying the stock looks roughly 60.1% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Financial Services 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).

Trailing-twelve-month revenue stands at HK$48.9M. Revenue declined 26.0% year over year. It earns a return on equity of 6.1%. The balance sheet holds a net cash position of HK$498M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$2.36 (bear case) to HK$3.93 (bull case); at HK$7.87, 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 35% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at -60%, 1051 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
P/B Multiple HK$2.36 HK$3.15 HK$3.93 55
NCAV (Graham) HK$1.85 HK$2.48 HK$3.70 50
All 2 models by family
Multiples
P/B Multiple HK$2.36 HK$3.15 HK$3.93 55
Asset-Based
NCAV (Graham) HK$1.85 HK$2.48 HK$3.70 50

Widest divergence: Multiples (HK$3.15) versus Asset-Based (HK$2.48). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) HK$48.9M
Revenue growth (YoY) -26.0%
Net margin 202%
Return on equity 6.1%
Free cash flow HK$52.5M FY2025
P/E ratio 4.5 as of Jul 2, 2026
More key figures
Operating margin 80.3%
EPS (TTM) HK$0.1300
Dividend yield 0.3%
EPS growth (YoY) +449%
Net cash HK$498M FY2025

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 69 · Market factors (momentum, volatility) 31

Profitability 37
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

G-Resources Group Limited, an investment holding company, engages in principal investment, financial services, and real property businesses.

Full company description

G-Resources Group Limited, an investment holding company, engages in principal investment, financial services, and real property businesses. The financial services business segment offers securities brokerage services, placing and underwriting services, corporate finance advisory services, provision of margin financing, money lending business and investment advisory, and asset management services. The principal investment business involves managing a portfolio of investments in listed shares, listed senior notes, listed perpetual notes, unlisted investment funds, unlisted equity investments, and unlisted hedge funds and unlisted exchangeable notes. The real property business offers the leasing of office units as well as car parks and managing a portfolio of foreign investment properties and unlisted real estate investment funds, as well as securities investment and money lending business. It also provides trust and company services, fund investment services, and operates commercial properties. It operates in Singapore, Hong Kong, the People's Republic of China, the United States, Europe, and internationally. G-Resources Group Limited was incorporated in 1994 and is headquartered in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

G-Resources Group reported revenue of HK$52.1M in FY2025 versus HK$64.3M in FY2021, a compound −5.1%/yr. Reported net income was HK$98.8M in FY2025, compounding +9.0%/yr from FY2021.

Growth Quality 34/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$52.1M
Latest YoY
−2.4%
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.
+17.4%
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.
−3.4%
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.
+5.2%
Revenue −5.1%/yr
FY21 HK$64.3M
FY22 HK$32.2M
FY23 HK$103M
FY24 HK$53.4M
FY25 HK$52.1M
Net income +9.0%/yr
FY21 HK$69.9M
FY22 −HK$89.9M
FY23 HK$7.1M
FY24 HK$47.5M
FY25 HK$98.8M
Character of growth · EPS growth decomposed (2014-2025) +7.6 % p.a.
Revenue per share −8.0 pp

of which total revenue −7.8 pp · buybacks/dilution −0.2 pp

EBIT margin +19.8 pp
Tax rate +6.6 pp
Residual (interest, one-offs) −10.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

1051 screens 60% overvalued. Compare with BlackRock, Inc →

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Cite: Fair Value Calculator (2026). "G-Resources Group Fair Value". https://www.fairvalue-calculator.com/stock/1051

Peer Group

Asset Management · 692 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 72 · Top 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 6% · Below median
Return on assets 1% · Below median
Operating margin (TTM) 80% · Above median
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 4.5× · Cheaper than 75% of peers
P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 9.19× · Pricier than 75% of peers
P/FCF 8.6× · 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 38
FUTURE 0 · sector 14
PAST 24 · sector 25
HEALTH 99 · sector 95
DIVIDEND 6 · sector 85

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

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,161 $465.75 -60%
Blackstone Inc BX $146.41 $52.88 -64%
Investor AB INVEB kr 417.90 kr 835.80 +100%
AB Industrivärden INDUA kr 544.00 kr 375.93 -31%
ICICIAMC ICICIAMC ₹3,077 ₹1,132 -63%
Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Hedef Holding HEDEF 267.25 TRY 321.44 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹11,579 ₹11,257 -3%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is G-Resources Group (1051) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$3.14 versus a price of HK$7.87, about −60% (overvalued).
What is the fair value of 1051?
Our model-based fair value for G-Resources Group is HK$3.14 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$7.87.
What is the quality score of 1051?
G-Resources Group has a Quality Score of 73/100. 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 G-Resources Group (1051)?
G-Resources Group reported trailing-twelve-month revenue of about HK$48.9M (latest available figure, as of Aug 13, 2026).
Does G-Resources Group pay a dividend?
G-Resources Group currently shows a dividend yield of about 0.30% relative to its recent price (as of Aug 13, 2026).

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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