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Da Ming International Holdings (1090) Fair Value & Analysis

Basic Materials · HK · Market cap HK$892M

DM Da Ming International Holdings 1090 · HK
PriceHK$0.7200
Fair ValueHK$2.02
Upside+180.6%
Quality45/100
Mixed Growth
Loss-making · -0.1% net margin
Moderate debt · generates free cash flow
Trails peers (3/10)
Narrow moat 18/100
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Evidence: Medium Range HK$1.76 – HK$3.49 Share as image

Fair value as of: Aug 5, 2026

From 13 valuation models · updated today

Fair value updated Aug 5, 2026, revised from HK$2.15 to HK$2.02 (−6.0%) since Jul 2, 2026. Share price +1.4% over the past month.

Below-average quality, screening 181% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$1.76). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$1.76 to HK$3.49) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$4.04 HK$0.5700 Fair Value HK$2.02 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range HK$0.5700 – HK$4.04 · fair‑value band HK$1.76 – HK$3.49 · the HK$0.7200 price screens below the HK$2.02 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Da Ming International Holdings (1090) currently trades at HK$0.7200, while our model-based Fair Value estimate is HK$2.02, implying the stock looks roughly 180.6% undervalued today. We read business quality at 45/100 (below-average quality), in the Basic Materials 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, Da Ming International Holdings generated revenue of HK$44.2B at a net margin of -0.1%. Revenue declined 2.8% year over year. It earns a return on equity of 0.4%. Net debt stands at HK$5.9B. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$1.76 (bear case) to HK$3.49 (bull case); at HK$0.7200, the current price sits below that range. The share trades about 27% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 181%, 1090 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 BearBaseBull Evidence
Highest evidence
Growth DCF HK$2.65 HK$3.96 HK$5.72 80
ROIC Compounder HK$1.43 HK$1.63 HK$1.79 72
EPV HK$1.43 HK$1.63 HK$1.79 59
All 13 models by family
DCF Models
FCF DCF HK$2.66 HK$4.07 HK$6.06 38
Owner Earnings HK$1.34 HK$2.06 HK$3.06 31
5Y Revenue Exit HK$2.12 HK$3.29 HK$4.80 39
5Y EBITDA Exit HK$4.04 HK$7.02 HK$10.61 41
10Y Revenue Exit HK$2.26 HK$3.34 HK$4.83 36
10Y EBITDA Exit HK$3.44 HK$5.76 HK$9.03 37
Earnings-Based
EPV HK$1.43 HK$1.63 HK$1.79 59
Multiples
EV/EBIT HK$2.75 HK$3.67 HK$4.58 53
EV/EBITDA HK$5.49 HK$7.31 HK$9.14 54
EV/Revenue HK$1.86 HK$2.65 HK$3.44 43
Asset-Based
NCAV (Graham) HK$0.9900 HK$1.33 HK$1.98 50
Growth DCF
Growth DCF HK$2.65 HK$3.96 HK$5.72 80
Economic Profit
ROIC Compounder HK$1.43 HK$1.63 HK$1.79 72

Widest divergence: Growth DCF (HK$3.96) versus Asset-Based (HK$1.33). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$44.2B
Revenue growth (YoY) -2.8%
Net margin -0.1%
Return on equity 0.4%
Free cash flow HK$339M FY2025
Operating margin 0.5%
More key figures
EPS (TTM) HK$0.0100
EPS growth (YoY) +69.5%
Net debt HK$5.9B FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 40

Profitability 31
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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

Da Ming International Holdings Limited processes, distributes, and sells stainless steel and carbon steel products and components, and equipment in the Mainland China and internationally. The company operates through Processing and Manufacturing segments.

Full company description

Da Ming International Holdings Limited processes, distributes, and sells stainless steel and carbon steel products and components, and equipment in the Mainland China and internationally. The company operates through Processing and Manufacturing segments. It offers high strength steel, wear-resistant steel, regular stainless steel, duel phase steel, heat-resistant steel, nickel-based alloy, super austenitic-steel, and 6Mo steel products. The company is also involved in the cargo handling and storage at public terminals; manufacture and sale of special and general equipment, mechanical, and electrical equipment; machining of mechanical parts and components; manufacture of machine tool functional parts and accessories; sale of energy equipment parts and high-end manufacturing parts; purchase and sale of metal materials; and distribution and sale of fixed assets. It serves machinery, petrochemical, hardware decoration, automobile and transport, calendaring, elevator, environmental energy, steel mills, and other industries. The company was incorporated in 2007 and is headquartered in Wuxi, the People's Republic of China. Da Ming International Holdings Limited is a subsidiary of Ally Good Group Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Da Ming International Holdings reported revenue of HK$44.2B in FY2025 versus HK$46.3B in FY2021, a compound −1.2%/yr. Reported net income was −HK$35.6M in FY2025.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$44.2B
Latest YoY
−4.9%
Avg. growth/yr (3Y)
−4.1%
Avg. growth/yr (5Y)
+4.7%
Avg. growth/yr (18Y)
+9.2%
Revenue −1.2%/yr
FY21 HK$46.3B
FY22 HK$50.1B
FY23 HK$50.6B
FY24 HK$46.5B
FY25 HK$44.2B
Net income
FY21 HK$495M
FY22 −HK$178M
FY23 −HK$219M
FY24 −HK$415M
FY25 −HK$35.6M

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Cite: Fair Value Calculator (2026). "Da Ming International Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1090

Peer Group

Steel · 383 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 45 · Below median
Fair Value upside +181% · Top 25%
Return on equity (TTM) 0% · Below median
Return on assets 1% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth -3% · Below median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/FCF 0.3× · 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 100 · sector 24
FUTURE 0 · sector 2
PAST 2 · sector 14
HEALTH 72 · sector 95
DIVIDEND 0 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Tata Steel Limited TATASTEEL ₹185.26 ₹147.13 -21%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is Da Ming International Holdings (1090) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$2.02 versus a price of HK$0.7200, about +181% (undervalued).
What is the fair value of 1090?
Our model-based fair value for Da Ming International Holdings is HK$2.02 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$0.7200.
What is the quality score of 1090?
Da Ming International Holdings has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Da Ming International Holdings (1090)?
Da Ming International Holdings reported trailing-twelve-month revenue of about HK$44.2B (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 1090?
The net profit margin of Da Ming International Holdings is about -0.1%, 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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