Courage Investment Group Ltd (1145) fair value: what the stock is really worth
We calculate from audited financials what Courage Investment Group Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Courage Investment Group Limited, an investment holding company, provides marine transportation services in Hong Kong and rest of Asia. It operates through Marine Transportation and Investment Holding segments. The company offers vessel chartering and management services.
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Courage Investment Group Limited, an investment holding company, provides marine transportation services in Hong Kong and rest of Asia. It operates through Marine Transportation and Investment Holding segments. The company offers vessel chartering and management services. The company was formerly known as Courage Marine Group Limited and changed its name to Courage Investment Group Limited in September 2017. Courage Investment Group Limited was founded in 2001 and is headquartered in Wan Chai, Hong Kong.
Stock analysis
Courage Investment Group Ltd (1145) currently trades at HK$0.1410, while our model-based Fair Value estimate is HK$0.0800, implying the stock looks roughly 76.2% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of HK$0.0800 per share, and 0 of the 8 models we run sit above the HK$0.1410 price.
Bear case: the Earnings-Based group reads lowest at HK$0.0100, and 8 of the 8 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Courage Investment Group Ltd reported revenue of HK$18.6M in FY2025 versus HK$9.7M in FY2021, a compound +17.6%/yr. Reported net income was −HK$358K in FY2025.
Key figures
Market cap HK$155M (≈ $19.7M) · P/S ratio 6.25 · Dividend yield 6.5% · Net margin −1.9% · Return on equity −0.6% · Return on assets (EBIT) 2.7% · Operating margin 15.8% · Revenue (TTM) HK$18.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −43%, 1145 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (HK$0.0100 to HK$0.0800). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear HK$0.0800Fair Value HK$0.0800Bull HK$0.0800
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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+102.9%
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.
+14.6%
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.
+18.7%
Revenue growth 21 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%
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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.
13.0% (2019) → 1.3% (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
Compare Courage Investment Group Ltd with another stock
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.Marine Shipping · 229 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−42% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)16% · Above median
Growth and dividend
Revenue growth246% · Top 25%
Dividend yield (TTM)6.5% · Top 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/B0.35× · Cheapest 25%
P/S (TTM)1.11× · Cheaper than median
EV/EBITDA4.5× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 32
FUTURE (revenue growth)100· sector 23
PAST (return on equity)0· sector 27
HEALTH (low debt)100· sector 89
DIVIDEND (yield)0· sector 51
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). "Courage Investment Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1145
Frequently asked questions
Is Courage Investment Group Ltd (1145) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of HK$0.0800 versus a price of HK$0.1410, about −43% upside (overvalued).
What is the fair value of 1145?
Our model-based fair value for Courage Investment Group Ltd is HK$0.0800 (as of Sep 13, 2026), built from audited fundamentals. The current price: HK$0.1410.
What is the quality score of 1145?
Courage Investment Group Ltd has a Quality Score of 45/100. 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 Courage Investment Group Ltd (1145)?
Our model-based price target is the fair value of HK$0.0800 (as of Sep 13, 2026) from 8 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Courage Investment Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.0800, about −43% upside versus a price of HK$0.1410 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Courage Investment Group Ltd (1145)?
Courage Investment Group Ltd reported trailing-twelve-month revenue of about HK$18.6M (latest available figure, as of Sep 13, 2026).
Does Courage Investment Group Ltd pay a dividend?
Courage Investment Group Ltd currently shows a dividend yield of about 6.46% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Courage Investment Group Ltd (1145)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Courage Investment Group Ltd it is HK$0.0800 per share (as of Sep 13, 2026), against a price of HK$0.1410. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Courage Investment Group Ltd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 1145 trades above its calculated fair value: price HK$0.1410, fair value HK$0.0800, a gap of about −43% (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 1145?
No. The price is what the market pays today (HK$0.1410); the fair value is what the company's own numbers justify (HK$0.0800). For Courage Investment Group Ltd the two are HK$0.0610 per share apart. That gap is exactly why we show both numbers side by side.
How much is Courage Investment Group Ltd worth?
The market values Courage Investment Group Ltd at about HK$155M (market capitalisation, as of Sep 13, 2026). Per share that is HK$0.1410; our models calculate a fair value of HK$0.0800 per share.
How solid is the balance sheet of Courage Investment Group Ltd (1145)?
Balance-sheet figures for Courage Investment Group Ltd (as of Sep 13, 2026): return on equity −0.6%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 1145 from its 52-week high?
Courage Investment Group Ltd trades at HK$0.1410, about 29% below its 52-week high of HK$0.1980 and 36% above the low of HK$0.1040 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0800 is for.
Which stocks are comparable to Courage Investment Group Ltd?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, A.P. Møller - Mærsk A/S, 532921, COSCO SHIPPING Holdings, 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 Courage Investment Group Ltd stock attractive at the current price?
The data as of Sep 13, 2026: price HK$0.1410, calculated fair value HK$0.0800 (−43%), Quality Score 45/100, from 8 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 1145 calculated?
We run Courage Investment Group Ltd through 8 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$0.0800, 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 15.8 % above its aggregate fair value. Courage Investment Group 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 Courage Investment Group Ltd (1145)?
The closing price on Sep 18, 2026 was HK$0.1410. Our model-based fair value is HK$0.0800, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Courage Investment Group Ltd right now?
The price sits above even our optimistic bull case (HK$0.0800). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Courage Investment Group Ltd
How large is the market capitalisation of Courage Investment Group Ltd (1145)?
The market capitalisation of Courage Investment Group Ltd is HK$155M (≈ $19.7M). 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 is the P/S ratio of Courage Investment Group Ltd (1145)?
The price-to-sales ratio of Courage Investment Group Ltd is 6.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Courage Investment Group Ltd (1145)?
The dividend yield of Courage Investment Group Ltd is 6.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Courage Investment Group Ltd (1145)?
The net margin of Courage Investment Group Ltd is −1.9% (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 Courage Investment Group Ltd (1145)?
The return on equity (ROE) of Courage Investment Group Ltd is −0.6% (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 Courage Investment Group Ltd (1145)?
On an EBIT basis the return on assets of Courage Investment Group Ltd is 2.7% (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 Courage Investment Group Ltd (1145)?
The operating margin of Courage Investment Group Ltd is 15.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Courage Investment Group Ltd (1145)?
Revenue at Courage Investment Group Ltd is growing +246% versus a year earlier (3y avg +14.6%). 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 Courage Investment Group Ltd (1145)?
Earnings per share at Courage Investment Group Ltd are growing +217% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Courage Investment Group Ltd (1145) generate?
The free cash flow of Courage Investment Group Ltd is −HK$7.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Courage Investment Group Ltd (1145) hold?
Courage Investment Group Ltd holds more cash than debt, HK$5.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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