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Wealthking Investments Ltd (1140) Fair Value & Analysis

Financial Services · HK · Market cap HK$1.3B (≈ $168M) · ISIN KYG9496A1022

What is Wealthking Investments Ltd really worth?

WI Wealthking Investments Ltd 1140 · HK
PriceHK$0.1100
Fair ValueHK$0.1745
Upside+58.6%
Quality37/100

Below-average quality, trading 37% below our fair value of HK$0.1745.

As of Aug 27, 2026, the fair value of Wealthking Investments Ltd is HK$0.1745 per share against a price of HK$0.1100, so the fair value sits 59% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 41.8% net margin

Risks

!Weak Growth (revenue 5y +0.8 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (7/12)
!Moderate moat 53/100
!Evidence only low, so the estimate is less certain
!Weak on past: 4 out of 100
Evidence: Low Range HK$0.1291 – HK$0.2173

Fair value as of: Aug 27, 2026

From 2 valuation models · updated 10 days ago

Fair value updated Aug 27, 2026, revised from HK$0.1732 to HK$0.1745 (+0.8%) since Aug 13, 2026. Share price +12.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$0.1291). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

HK$0.8500 HK$0.0720 Fair Value HK$0.1745 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range HK$0.0720 – HK$0.8500 · fair‑value band HK$0.1291 – HK$0.2173 · the HK$0.1100 price screens below the HK$0.1745 fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Wealthking Investments Ltd (1140) currently trades at HK$0.1100, while our model-based Fair Value estimate is HK$0.1745, implying the stock looks roughly 37.0% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 15 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, Wealthking Investments Ltd generated revenue of HK$264M at a net margin of 41.8%. Revenue declined 9.1% year over year. It earns a return on equity of 1.1%. Net debt stands at HK$593M. Fundamentals as of Aug 27, 2026

Our scenario range runs from HK$0.1291 (bear case) to HK$0.2173 (bull case); at HK$0.1100, the current price sits below 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 61% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 59%, 1140 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly HK$0.0100 per share, which is 5.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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$0.5400 HK$0.7300 HK$0.9100 55
NCAV (Graham) HK$0.4300 HK$0.5700 HK$0.8500 54
All 2 models by family
Multiples
P/B Multiple HK$0.5400 HK$0.7300 HK$0.9100 55
Asset-Based
NCAV (Graham) HK$0.4300 HK$0.5700 HK$0.8500 54

Widest divergence: Multiples (HK$0.7300) versus Asset-Based (HK$0.5700). Highest evidence: P/B Multiple (55).

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Key figures & financial health

P/E ratio 11.0
P/S ratio 4.57 P/E × margin
EPS (TTM) HK$0.0100 price ÷ EPS = P/E 11.0
Net margin 41.6% FY2025
Return on equity 1.1% TTM
Return on assets (EBIT) 0.8% avg 5y
More key figures
Profitability
Operating margin 87.9% TTM
Growth
Revenue (TTM) HK$264M TTM
Revenue growth (YoY) −9.1% 3y avg +15.4%
EPS growth (YoY) +189%
Balance sheet & cash flow
Free cash flow −HK$21.7M FY2025
Net debt HK$593M FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 35 · Market factors (momentum, volatility) 21

Profitability 29
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 40
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Wealthking Investments Limited operates as an investment holding company in Hong Kong. The company develops customized investment solutions. It also focuses on developing partnerships with financial players to build a finance services platform. It focuses on companies with high potential for growth.

Full company description

Wealthking Investments Limited operates as an investment holding company in Hong Kong. The company develops customized investment solutions. It also focuses on developing partnerships with financial players to build a finance services platform. It focuses on companies with high potential for growth. The company typically invests in companies in medical, finance, TMT and health sectors. The company was formerly known as OP Financial Limited and changed its name to Wealthking Investments Limited in October 2020. Wealthking Investments Limited was founded in 2002 and is based in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wealthking Investments Ltd reported revenue of HK$154M in FY2025 versus −HK$27.2M in FY2021. Reported net income was HK$64.2M in FY2025, compounding −35.6%/yr from FY2021.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$154M
Avg. revenue 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.
+15.4%
Avg. revenue 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.
+0.8%
Avg. revenue growth/yr (21Y) 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.
+29.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−26.5% · in HKD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−26.5%
Dividend yield0.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −37.2% vs 10Y −17.0%, flattening
Operating margin (EBIT) 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.−610.4% (2020) → 46.7% (2025) · rising
Worst earnings drop2,774% (2020) (loss year, drop beyond 100%) · in HKD
⚠ Revenue per share shrinking 13.8%/yr over ~10Y (margins intact) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue
FY21 −HK$27.2M
FY22 HK$101M
FY23 HK$185M
FY24 −HK$22.8M
FY25 HK$154M
Net income −35.6%/yr
FY21 HK$373M
FY22 HK$221M
FY23 HK$146M
FY24 HK$53.7M
FY25 HK$64.2M

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Cite: Fair Value Calculator (2026). "Wealthking Investments Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1140.HK

Peer Group

Asset Management · 695 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 38 · Bottom 25%
Fair Value upside +55% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 42% · Above median
Operating margin (TTM) 88% · Top 25%
Revenue growth −9% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than median
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 5.00× · Pricier than median
EV/EBITDA 5.5× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 40
FUTURE0 · sector 15
PAST4 · sector 24
HEALTH100 · sector 95
DIVIDEND0 · sector 81

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 408.05 kr 827.56 +103%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is Wealthking Investments Ltd (1140) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of HK$0.1745 versus a price of HK$0.1100, about +59% upside (undervalued).
What is the fair value of 1140?
Our model-based fair value for Wealthking Investments Ltd is HK$0.1745 (as of Aug 27, 2026), built from audited fundamentals. The current price: HK$0.1100.
What is the quality score of 1140?
Wealthking Investments Ltd has a Quality Score of 37/100. 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 Wealthking Investments Ltd (1140)?
Our model-based price target is the fair value of HK$0.1745 (as of Aug 27, 2026) from 2 valuation models. Cautious scenario HK$0.1291, optimistic scenario HK$0.2173. It is a calculation from audited fundamentals, not an analyst target.
What is the Wealthking Investments Ltd stock forecast for 2026?
Our models put fair value at HK$0.1745, about +59% upside versus a price of HK$0.1100 (undervalued). Cautious scenario HK$0.1291, optimistic scenario HK$0.2173. The calculation is refreshed regularly with new filings.
What is the revenue of Wealthking Investments Ltd (1140)?
Wealthking Investments Ltd reported trailing-twelve-month revenue of about HK$264M (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 1140?
The net profit margin of Wealthking Investments Ltd is about 41.8%, meaning it keeps roughly 41.8% of revenue as net income. Based on the latest reported figures.
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