EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Royale Furniture Holdings Ltd (1198) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Royale Furniture Holdings Ltd HK$0.17, price HK$0.08, upside +124.0%, quality 27 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Consumer Cyclical · HK · ISIN KYG7691E1017

RF Thin data Sep 24, 2026

Royale Furniture Holdings Ltd

1198 · HK

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value HK$0.1702 · Strongly undervalued (+124%)
!Quality 27/100
!Weak Growth (revenue 5y −21.7 %/yr)
!Loss-making · -158.2% net margin (TTM)
!High debt · negative free cash flow
!Trails peers (2/9)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
Watch Royale Furniture Holdings Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

HK$3.02 HK$0.0580 Fair Value HK$0.1702 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range HK$0.0580 – HK$3.02 · fair‑value band HK$0.1322 – HK$0.2462 · the HK$0.0760 price screens below the HK$0.1702 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.

Follow Royale Furniture Holdings in your weekly email

Every Wednesday you see whether Royale Furniture Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Royale Home Holdings Limited, an investment holding company, engages in the manufacture and sale of furniture in the People's Republic of China. It operates through the Manufacture and Sale of Furniture; Development Properties for Sales and Property Investments; and Hotel Operations segments.

Show more

Royale Home Holdings Limited, an investment holding company, engages in the manufacture and sale of furniture in the People's Republic of China. It operates through the Manufacture and Sale of Furniture; Development Properties for Sales and Property Investments; and Hotel Operations segments. The company offers bedroom, living room, dining room, study, home visit, cloakroom, and balcony products under the Royal brand; and decoration services. It is also involved in development of properties for sale and property investments; hotel operations; trading of commodities; rental of properties; and sale of upholstered furniture. The company was formerly known as Royale Furniture Holdings Limited and changed its name to Royale Home Holdings Limited in June 2020. Royale Home Holdings Limited was founded in 1997 and is headquartered in Tsim Sha Tsui East, Hong Kong.

Stock analysis

Royale Furniture Holdings Ltd (1198) currently trades at HK$0.0760, while our model-based Fair Value estimate is HK$0.1702, implying the stock looks roughly 55.3% undervalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the evidence level at low.

Scenario range: HK$0.1322 (bear) to HK$0.2462 (bull), the price of HK$0.0760 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Royale Furniture Holdings Ltd reported revenue of 424M CNY in FY2025 versus 1.5B CNY in FY2021, a compound −27.4%/yr. Reported net income was −671M CNY in FY2025.

Key figures

Market cap HK$188M (≈ $24.0M) · P/S ratio 0.41 · EPS (TTM) HK$−0.1100 · Net margin −158% · Return on equity −57.2% · Return on assets (EBIT) −3.3% · Operating margin −71.7% · Revenue (TTM) 381M CNY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 124%, 1198 screens cheaper than that median.

Fair Value models

Bear HK$0.1322 Fair Value HK$0.1702 Bull HK$0.2462
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.
Highest evidence
NCAV (Graham) HK$0.1300 HK$0.1700 HK$0.2600 54
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.1300 HK$0.1700 HK$0.2600 54

Open the full fair value analysis →

Notify me when 1198 reaches fair value

Put 1198 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 27/100

Of which business quality 25 · Market factors (momentum, volatility) 24

Profitability 0
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−24.2%
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.
−37.1%
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.
−21.7%
Start year 2020 (pandemic). Over 10 years: −4.3% a year
Revenue growth 24 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.
+4.0%
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.
−1.5% (2020) → −72.8% (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
not computed

Watch 1198, get fair value alerts →

Compare Royale Furniture Holdings Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Furnishings, Fixtures & Appliances · 317 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside +124% · Top 25%
Profitability
Return on assets −3% · Bottom 25%
Net margin (TTM) −158% · Bottom 25%
Operating margin (TTM) −72% · Bottom 25%
Growth and dividend
Revenue growth −24% · Bottom 25%
Balance sheet
Debt / equity 3.80× · Highest 25%

Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper

P/S (TTM) 0.06× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 33
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 19
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 61

Context: sector, industry, market

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.54 ¥129.42 +57%
Gree Electric Appliances, Inc 000651 ¥38.18 ¥97.62 +156%
Haier Smart Home Co 600690 ¥20.20 ¥45.72 +126%
King Slide Works Co 2059 12,350 TWD 4,427 TWD −64%
SharkNinja, Inc SN $169.01 $100.78 −40%
Somnigroup International Inc SGI $64.73 $31.80 −51%
De'Longhi S.p.A DLG €39.52 €40.10 +1%
Mohawk Industries, Inc MHK $121.23 $119.26 −2%
Hisense Home Appliances Group 000921 ¥26.70 ¥50.62 +90%
Alliance Laundry Holdings ALH $21.59 $10.76 −50%

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

Royale Furniture Holdings Ltd · Fair Value
HK$0.1702 +55%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Royale Furniture Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1198

Frequently asked questions

Is Royale Furniture Holdings Ltd (1198) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$0.1702 versus a price of HK$0.0760, about +124% upside (undervalued).
What is the fair value of 1198?
Our model-based fair value for Royale Furniture Holdings Ltd is HK$0.1702 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.0760.
What is the quality score of 1198?
Royale Furniture Holdings Ltd has a Quality Score of 27/100. 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 Royale Furniture Holdings Ltd (1198)?
Our model-based price target is the fair value of HK$0.1702 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario HK$0.1322, optimistic scenario HK$0.2462. It is a calculation from audited fundamentals, not an analyst target.
What is the Royale Furniture Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1702, about +124% upside versus a price of HK$0.0760 (undervalued). Cautious scenario HK$0.1322, optimistic scenario HK$0.2462. The calculation is refreshed regularly with new filings.
What is the revenue of Royale Furniture Holdings Ltd (1198)?
Royale Furniture Holdings Ltd reported trailing-twelve-month revenue of about 381M CNY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Royale Furniture Holdings Ltd (1198)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Royale Furniture Holdings Ltd it is HK$0.1702 per share (as of Sep 24, 2026), against a price of HK$0.0760. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Royale Furniture Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1198 trades below its calculated fair value: price HK$0.0760, fair value HK$0.1702, a gap of about +124% (undervalued). 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 1198?
No. The price is what the market pays today (HK$0.0760); the fair value is what the company's own numbers justify (HK$0.1702). For Royale Furniture Holdings Ltd the two are HK$0.0942 per share apart. That gap is exactly why we show both numbers side by side.
How much is Royale Furniture Holdings Ltd worth?
The market values Royale Furniture Holdings Ltd at about HK$188M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.0760; our models calculate a fair value of HK$0.1702 per share.
What do the bullish and bearish scenarios say about 1198?
Our models span a range for Royale Furniture Holdings Ltd: cautious scenario HK$0.1322, base HK$0.1702, optimistic HK$0.2462 per share (as of Sep 24, 2026, price HK$0.0760). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Royale Furniture Holdings Ltd (1198)?
Balance-sheet figures for Royale Furniture Holdings Ltd (as of Sep 24, 2026): return on equity −57.2%, debt of 3.80 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is 1198 from its 52-week high?
Royale Furniture Holdings Ltd trades at HK$0.0760, about 55% below its 52-week high of HK$0.1700 and 31% above the low of HK$0.0580 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1702 is for.
Which stocks are comparable to Royale Furniture Holdings Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, 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 Royale Furniture Holdings Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$0.0760, calculated fair value HK$0.1702 (+124%), Quality Score 27/100, from 1 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 1198 calculated?
We run Royale Furniture Holdings Ltd through 1 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$0.1702, 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 13.0 % above its aggregate fair value. Royale Furniture Holdings Ltd currently trades 124 % below its own fair value, and the market average says nothing about that. 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 Royale Furniture Holdings Ltd (1198)?
The closing price on Sep 24, 2026 was HK$0.0760. Our model-based fair value is HK$0.1702, about +124% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Royale Furniture Holdings Ltd right now?
The large discount to fair value meets weak quality (27/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$0.1322). 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. A fairly wide model range (HK$0.1322 to HK$0.2462) leaves room in how you read the outcome.

Key figures of Royale Furniture Holdings Ltd

How large is the market capitalisation of Royale Furniture Holdings Ltd (1198)?
The market capitalisation of Royale Furniture Holdings Ltd is HK$188M (≈ $24.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Royale Furniture Holdings Ltd (1198)?
The price-to-sales ratio of Royale Furniture Holdings Ltd is 0.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Royale Furniture Holdings Ltd (1198)?
Earnings per share at Royale Furniture Holdings Ltd are HK$−0.1100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Royale Furniture Holdings Ltd (1198)?
The net margin of Royale Furniture Holdings Ltd is −158% (last twelve months). 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 Royale Furniture Holdings Ltd (1198)?
The return on equity (ROE) of Royale Furniture Holdings Ltd is −57.2% (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 Royale Furniture Holdings Ltd (1198)?
On an EBIT basis the return on assets of Royale Furniture Holdings Ltd is −3.3% (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 Royale Furniture Holdings Ltd (1198)?
The operating margin of Royale Furniture Holdings Ltd is −71.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Royale Furniture Holdings Ltd (1198)?
Revenue at Royale Furniture Holdings Ltd is growing −24.0% versus a year earlier (3y avg −37.1%). 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 Royale Furniture Holdings Ltd (1198)?
Earnings per share at Royale Furniture Holdings Ltd are growing −49.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Royale Furniture Holdings Ltd (1198) generate?
The free cash flow of Royale Furniture Holdings Ltd is −494M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Royale Furniture Holdings Ltd (1198) carry?
The net debt of Royale Furniture Holdings Ltd is 3.2B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Royale Furniture Holdings Ltd in the live analysis

One click puts Royale Furniture Holdings Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.