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Sino Hotels (Holdings) Limited (1221) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$1.8B

SH Sino Hotels (Holdings) Limited 1221 · HK
PriceHK$1.60
Fair ValueHK$1.19
Upside-25.6%
Quality64/100
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Weak Growth
Highly profitable · 88.6% net margin
Low debt · generates free cash flow
1.92% dividend yield
Ranks above peers (8/13)
Narrow moat 31/100
Evidence: High Range HK$0.9400 – HK$1.54 Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 2 days ago

Share price +1.9% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$1.54). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$2.51 HK$1.27 Fair Value HK$1.19 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$1.27 – HK$2.51 · fair‑value band HK$0.9400 – HK$1.54 · the HK$1.60 price screens above the HK$1.19 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sino Hotels (Holdings) Limited (1221) currently trades at HK$1.60, while our model-based Fair Value estimate is HK$1.19, implying the stock looks roughly 25.6% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Sino Hotels (Holdings) Limited generated revenue of HK$126M at a net margin of 88.6%. Revenue grew 4.8% year over year. It earns a return on equity of 2.6%. Net debt stands at HK$28.6M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.9400 (bear case) to HK$1.54 (bull case); at HK$1.60, the current price sits above 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 15% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -56% fair-value upside, at -26%, 1221 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
Growth DCF HK$0.9600 HK$1.14 HK$1.43 80
Residual Income HK$2.36 HK$2.21 HK$1.65 76
ROIC Compounder HK$0.6100 HK$0.6500 HK$0.6900 72
All 21 models by family
DCF Models
FCF DCF HK$0.9400 HK$1.13 HK$1.46 38
Owner Earnings HK$1.22 HK$1.50 HK$1.97 31
5Y Revenue Exit HK$0.6300 HK$0.6800 HK$0.7500 39
5Y EBITDA Exit HK$0.9100 HK$1.17 HK$1.51 41
5Y P/E Exit HK$1.27 HK$1.80 HK$2.42 38
10Y Revenue Exit HK$0.7600 HK$0.8100 HK$0.8500 36
10Y EBITDA Exit HK$0.9200 HK$1.08 HK$1.26 37
10Y P/E Exit HK$1.12 HK$1.44 HK$1.74 35
Earnings-Based
Graham-Dodd HK$0.5900 HK$0.7200 HK$0.8100 54
EPV HK$0.6100 HK$0.6500 HK$0.6900 59
Multiples
P/E Multiple HK$1.44 HK$1.91 HK$2.39 63
P/S Multiple HK$0.0900 HK$0.1200 HK$0.1600 58
P/B Multiple HK$1.11 HK$1.48 HK$1.85 55
EV/EBIT HK$0.8800 HK$1.07 HK$1.26 53
EV/EBITDA HK$0.9800 HK$1.21 HK$1.44 54
EV/Revenue HK$0.3900 HK$0.4300 HK$0.4700 43
Asset-Based
NCAV (Graham) HK$1.76 HK$2.36 HK$3.53 50
Growth DCF
Growth DCF HK$0.9600 HK$1.14 HK$1.43 80
Economic Profit
Residual Income HK$2.36 HK$2.21 HK$1.65 76
ROIC Compounder HK$0.6100 HK$0.6500 HK$0.6900 72
Growth Earnings
Growth-Adj P/E HK$1.01 HK$1.45 HK$1.88 68

Widest divergence: Asset-Based (HK$2.36) versus Earnings-Based (HK$0.6500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$126M
Revenue growth (YoY) +4.8%
Net margin 88.6%
Return on equity 2.6%
Free cash flow HK$93.0M FY2025
P/E ratio 15.4 as of Jul 2, 2026
More key figures
Operating margin -6.8%
EPS (TTM) HK$0.0500
Dividend yield 1.9%
EPS growth (YoY) +16.9%
Net debt HK$28.6M FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 52

Profitability 31
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 71
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

Sino Hotels (Holdings) Limited, an investment holding company, operates and manages hotels in Hong Kong. It operates hotels under the Conrad Hong Kong, City Garden Hotel, the Royal Pacific Hotel & Towers, the Olympian Hong Kong, Hong Kong Gold Coast Hotel, the Pottinger Hong Kong, and the Fullerton Ocean Park Hotel Hong Kong names in Hong Kong; and the …

Full company description

Sino Hotels (Holdings) Limited, an investment holding company, operates and manages hotels in Hong Kong. It operates hotels under the Conrad Hong Kong, City Garden Hotel, the Royal Pacific Hotel & Towers, the Olympian Hong Kong, Hong Kong Gold Coast Hotel, the Pottinger Hong Kong, and the Fullerton Ocean Park Hotel Hong Kong names in Hong Kong; and the Fullerton Hotel and the Fullerton Bay Hotel names in Singapore, as well as the Fullerton Hotel in Sydney. The company also operates clubs under the Gold Coast Yacht & Country Club name. In addition, it engages in the club and cafe operation activities; provision of nominee services; and share and bond investment activities. The company was incorporated in 1994 and is based in Tsim Sha Tsui, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sino Hotels (Holdings) Limited reported revenue of HK$123M in FY2025 versus HK$112M in FY2021, a compound +2.3%/yr. Reported net income was HK$103M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$123M
Latest YoY
−7.9%
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.
−1.5%
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.
−5.2%
Avg. growth/yr (27Y) 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.
−1.9%
Revenue +2.3%/yr
FY21 HK$112M
FY22 HK$129M
FY23 HK$136M
FY24 HK$134M
FY25 HK$123M
Net income
FY21 −HK$95.3M
FY22 −HK$92.4M
FY23 −HK$19.5M
FY24 HK$64.3M
FY25 HK$103M
Character of growth · EPS growth decomposed (2014-2025) −10.4 % p.a.
Revenue per share −10.5 pp

of which total revenue −9.0 pp · buybacks/dilution −1.6 pp

EBIT margin −0.6 pp
Tax rate +0.7 pp
Residual (interest, one-offs) +0.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

1221 screens 26% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "Sino Hotels (Holdings) Limited Fair Value". https://www.fairvalue-calculator.com/stock/1221

Peer Group

Lodging · 164 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 64 · Top 25%
Fair Value upside −26% · Above median
Return on equity (TTM) 3% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 89% · Top 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 1.9% · Above median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than median
P/B 0.44× · Cheaper than median
P/S (TTM) 14.51× · Pricier than 75% of peers
P/FCF 2.5× · Pricier 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 0 · sector 0
FUTURE 24 · sector 19
PAST 11 · sector 11
HEALTH 100 · sector 91
DIVIDEND 38 · sector 28

VALUE 0: the price sits above our fair-value range.

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $354.58 $132.35 -63%
Hilton Worldwide Holdings HLT $322.53 $122.02 -62%
InterContinental Hotels Group IHG $161.82 $85.18 -47%
Hyatt Hotels Corporation H $178.37 $46.78 -74%
H World Group HTHT $41.25 $47.78 +16%
The Indian Hotels Company INDHOTEL ₹724.00 ₹253.67 -65%
Hanjin Kal, 180640 118,200 KRW 36,890 KRW -69%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%
Makkah Construction and Development Company 4100 81.95 SAR 36.25 SAR -56%
Minor International Public Company MINT 22.90 THB 32.82 THB +43%

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Frequently asked questions

Is Sino Hotels (Holdings) Limited (1221) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.19 versus a price of HK$1.60, about −26% (overvalued).
What is the fair value of 1221?
Our model-based fair value for Sino Hotels (Holdings) Limited is HK$1.19 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.60.
What is the quality score of 1221?
Sino Hotels (Holdings) Limited has a Quality Score of 64/100. 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 Sino Hotels (Holdings) Limited (1221)?
Sino Hotels (Holdings) Limited reported trailing-twelve-month revenue of about HK$126M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1221?
The net profit margin of Sino Hotels (Holdings) Limited is about 88.6%, meaning it keeps roughly 88.6% of revenue as net income. Based on the latest reported figures.
Does Sino Hotels (Holdings) Limited pay a dividend?
Sino Hotels (Holdings) Limited currently shows a dividend yield of about 1.92% relative to its recent price (as of Aug 13, 2026).

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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