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Veeko International Holdings (1173) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$65.5M

VI Veeko International Holdings 1173 · HK
PriceHK$0.0250
Fair ValueHK$0.0263
Upside+5.2%
Quality45/100
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Weak Growth
Loss-making · -25.1% net margin
High debt · generates free cash flow
Trails peers (4/11)
Narrow moat 0/100
Evidence: Medium Share as image

Fair value as of: Aug 13, 2026

From 5 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0270 to HK$0.0263 (−2.7%) since Aug 5, 2026. Share price −7.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$0.0725 HK$0.0210 Fair Value HK$0.0263 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$0.0210 – HK$0.0725 · the HK$0.0250 price screens below the HK$0.0263 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Veeko International Holdings (1173) currently trades at HK$0.0250, while our model-based Fair Value estimate is HK$0.0263, implying the stock looks roughly 5.2% fairly valued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Defensive 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, Veeko International Holdings generated revenue of HK$421M at a net margin of -25.1%. Revenue declined 10.8% year over year. Net debt stands at HK$586M. Fundamentals as of Aug 13, 2026

The share trades about 56% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -38% fair-value upside, at 5%, 1173 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 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
EV/EBITDA HK$0.0600 HK$0.1200 HK$0.1900 54
NCAV (Graham) HK$0.0100 HK$0.0100 50
EV/Revenue HK$0.0100 43
All 5 models by family
DCF Models
5Y EBITDA Exit HK$0.0500 HK$0.1300 41
10Y EBITDA Exit HK$0.0300 37
Multiples
EV/EBITDA HK$0.0600 HK$0.1200 HK$0.1900 54
EV/Revenue HK$0.0100 43
Asset-Based
NCAV (Graham) HK$0.0100 HK$0.0100 50

Widest divergence: Multiples (HK$0.1200) versus Asset-Based (HK$0.0100). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) HK$421M
Revenue growth (YoY) -10.8%
Net margin -25.1%
Return on equity -215%
Free cash flow HK$21.5M FY2025
Operating margin -7.4%
More key figures
EPS (TTM) HK$-0.0300
Net debt HK$586M FY2026

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 30

Profitability 17
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 26
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

Veeko International Holdings Limited, an investment holding company, engages in the cosmetics and fashion retail businesses in Hong Kong, Macau, and the People's Republic of China. The company operates through Cosmetics and Fashion segments.

Full company description

Veeko International Holdings Limited, an investment holding company, engages in the cosmetics and fashion retail businesses in Hong Kong, Macau, and the People's Republic of China. The company operates through Cosmetics and Fashion segments. It manufactures and sells ladies fashion apparel and accessories; and retails cosmetics and skincare products through both online and offline stores. The company also holds investment and self-occupied properties; and manufactures and sells garments. In addition, the company operates Colourmix and MORIMOR cosmetics stores; and Veeko and Wanko ladies fashion stores. The company was founded in 1984 and is headquartered in Kwai Chung, Hong Kong. Veeko International Holdings Limited is a subsidiary of Silver Crown Profits Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Veeko International Holdings reported revenue of HK$421M in FY2026 versus HK$500M in FY2022, a compound −4.2%/yr. Reported net income was −HK$106M in FY2026.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$421M
Latest YoY
−12.6%
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.
−3.8%
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.
−4.0%
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.
+1.2%
Revenue −4.2%/yr
FY22 HK$500M
FY23 HK$473M
FY24 HK$587M
FY25 HK$481M
FY26 HK$421M
Net income
FY22 −HK$53.4M
FY23 HK$5.0M
FY24 −HK$40.0M
FY25 −HK$125M
FY26 −HK$106M

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Cite: Fair Value Calculator (2026). "Veeko International Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1173

Peer Group

Household & Personal Products · 252 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 · Bottom 25%
Fair Value upside +20% · Above median
Return on assets -3% · Bottom 25%
Net margin (TTM) -25% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -11% · Bottom 25%
Debt / equity 19.55× · Higher than 75% of peers

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/B 0.44× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.4× · 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 60 · sector 29
FUTURE 0 · sector 4
PAST 0 · sector 27
HEALTH 0 · sector 98
DIVIDEND 0 · sector 52

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $144.26 $108.16 -25%
Unilever PLC ULN 1,080 MXN 973.58 MXN -10%
Hindustan Unilever Limited HINDUNILVR ₹2,063 ₹789.46 -62%
Essity AB ESSITYA kr 276.50 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹936.90 ₹367.64 -61%
Marico Limited MARICO ₹855.00 ₹233.05 -73%
APR Co 278470 397,000 KRW 137,521 KRW -65%
Dabur India Limited DABUR ₹411.25 ₹175.59 -57%
PT Unilever Indonesia Tbk UNVR 1,760 IDR 1,928 IDR +10%
Amorepacific Corporation 090430 135,700 KRW 84,785 KRW -38%

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Frequently asked questions

Is Veeko International Holdings (1173) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0263 versus a price of HK$0.0250, about +5% (fairly valued).
What is the fair value of 1173?
Our model-based fair value for Veeko International Holdings is HK$0.0263 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0250.
What is the quality score of 1173?
Veeko International Holdings 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 revenue of Veeko International Holdings (1173)?
Veeko International Holdings reported trailing-twelve-month revenue of about HK$421M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1173?
The net profit margin of Veeko International Holdings is about -25.1%, 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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