Wang On Group Ltd (1222) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Wang On Group Ltd HK$0.02, price HK$0.02, upside +14.3%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.0180 – HK$0.0794 · fair‑value band HK$0.0207 – HK$0.0291 · the HK$0.0210 price screens below the HK$0.0240 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Wang On Group Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong, Mainland China, Macau, and internationally. It operates through Property Development, Property Investment, Fresh Markets, Pharmaceutical, and Treasury Management segments.
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Wang On Group Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong, Mainland China, Macau, and internationally. It operates through Property Development, Property Investment, Fresh Markets, Pharmaceutical, and Treasury Management segments. The company invests in industrial and commercial premises, and residential units for rental or for sale; and invests in debt and other securities. It also involved in the provision of finance; management and sub-licensing of fresh markets; butchery business, which includes management of properties in agricultural produce exchange markets; and production and sale of Chinese and Western pharmaceutical, health food, and personal healthcare products under the Wai Yuen Tong, Madame Pearl's, and Pearl's brand names. In addition, the company involved in asset management, money lending, sale of pork, and property management businesses, as well as offers treasury management, management and financial services. Wang On Group Limited was founded in 1987 and is headquartered in Kowloon Bay, Hong Kong.
Stock analysis
Wang On Group Ltd (1222) currently trades at HK$0.0210, while our model-based Fair Value estimate is HK$0.0240, implying the stock looks roughly 12.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 7 models at a data quality of 81/100, which puts the evidence level at low.
Scenario range: HK$0.0207 (bear) to HK$0.0291 (bull), the price of HK$0.0210 sits inside 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 53/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Wang On Group Ltd reported revenue of HK$2.6B in FY2026 versus HK$1.9B in FY2022, a compound +9.1%/yr. Reported net income was −HK$804M in FY2026.
Key figures
Market cap HK$298M (≈ $37.9M) · P/S ratio 0.11 · Net margin −30.6% · Return on equity −25.5% · Return on assets (EBIT) −0.8% · Operating margin −10.4% · Revenue (TTM) HK$2.7B · Revenue growth (YoY) −1.8%.
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 28% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at 14%, 1222 screens cheaper than that median.
Fair Value models
Bear HK$0.0207Fair Value HK$0.0240Bull HK$0.0291
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.0%
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.
−10.0%
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.
+6.5%
Start year 2021 (pandemic). Over 10 years: +11.1% a year
Revenue growth 26 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.
+8.2%
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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.
5.3% (2021) → −16.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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.Conglomerates · 375 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+14.3% · Above median
Profitability
Return on assets−2.6% · Bottom 25%
Net margin (TTM)−50.1% · Bottom 25%
Operating margin (TTM)−10.4% · Bottom 25%
Growth and dividend
Revenue growth−1.8% · Below median
Balance sheet
Debt / equity0.94× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
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). "Wang On Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1222
Frequently asked questions
Is Wang On Group Ltd (1222) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.0240 versus a price of HK$0.0210, about +14% upside (undervalued).
What is the fair value of 1222?
Our model-based fair value for Wang On Group Ltd is HK$0.0240 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.0210.
What is the quality score of 1222?
Wang On Group Ltd has a Quality Score of 53/100. 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 Wang On Group Ltd (1222)?
Our model-based price target is the fair value of HK$0.0240 (as of Sep 27, 2026) from 3 valuation models. Cautious scenario HK$0.0207, optimistic scenario HK$0.0291. It is a calculation from audited fundamentals, not an analyst target.
What is the Wang On Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.0240, about +14% upside versus a price of HK$0.0210 (undervalued). Cautious scenario HK$0.0207, optimistic scenario HK$0.0291. The calculation is refreshed regularly with new filings.
What is the revenue of Wang On Group Ltd (1222)?
Wang On Group Ltd reported trailing-twelve-month revenue of about HK$2.7B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Wang On Group Ltd (1222)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wang On Group Ltd it is HK$0.0240 per share (as of Sep 27, 2026), against a price of HK$0.0210. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Wang On Group Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1222 trades below its calculated fair value: price HK$0.0210, fair value HK$0.0240, a gap of about +14% (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 1222?
No. The price is what the market pays today (HK$0.0210); the fair value is what the company's own numbers justify (HK$0.0240). For Wang On Group Ltd the two are HK$0.0030 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wang On Group Ltd worth?
The market values Wang On Group Ltd at about HK$298M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.0210; our models calculate a fair value of HK$0.0240 per share.
What do the bullish and bearish scenarios say about 1222?
Our models span a range for Wang On Group Ltd: cautious scenario HK$0.0207, base HK$0.0240, optimistic HK$0.0291 per share (as of Sep 27, 2026, price HK$0.0210). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Wang On Group Ltd (1222)?
Balance-sheet figures for Wang On Group Ltd (as of Sep 27, 2026): return on equity −25.5%, debt of 0.94 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 1222 from its 52-week high?
Wang On Group Ltd trades at HK$0.0210, about 28% below its 52-week high of HK$0.0290 and 11% above the low of HK$0.0190 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0240 is for.
Which stocks are comparable to Wang On Group Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific Limited, 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 Wang On Group Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.0210, calculated fair value HK$0.0240 (+14%), Quality Score 53/100, from 3 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 1222 calculated?
We run Wang On Group Ltd through 3 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$0.0240, 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 14.9 % above its aggregate fair value. Wang On Group Ltd currently trades 13 % 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 Wang On Group Ltd (1222)?
The closing price on Sep 29, 2026 was HK$0.0210. Our model-based fair value is HK$0.0240, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wang On Group Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Wang On Group Ltd
How large is the market capitalisation of Wang On Group Ltd (1222)?
The market capitalisation of Wang On Group Ltd is HK$298M (≈ $37.9M). 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 Wang On Group Ltd (1222)?
The price-to-sales ratio of Wang On Group Ltd is 0.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Wang On Group Ltd (1222)?
The net margin of Wang On Group Ltd is −30.6% (fiscal year 2026). 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 Wang On Group Ltd (1222)?
The return on equity (ROE) of Wang On Group Ltd is −25.5% (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 Wang On Group Ltd (1222)?
On an EBIT basis the return on assets of Wang On Group Ltd is −0.8% (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 Wang On Group Ltd (1222)?
The operating margin of Wang On Group Ltd is −10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wang On Group Ltd (1222)?
Revenue at Wang On Group Ltd is growing −1.8% versus a year earlier (3y avg −10.0%). 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 Wang On Group Ltd (1222)?
Earnings per share at Wang On Group Ltd are growing −25.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wang On Group Ltd (1222) generate?
The free cash flow of Wang On Group Ltd is HK$1.1B (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 Wang On Group Ltd (1222) carry?
The net debt of Wang On Group Ltd is HK$3.2B (fiscal year 2026, ≈ 2.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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