China Investment and Finance Group Ltd (1226) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of China Investment and Finance Group Ltd stock HK$1.74, price HK$0.87, upside +100.0%, quality 78 out of 100. Rating: strongly undervalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.
How to read this chart
60‑month range HK$0.2200 – HK$1.60 · fair‑value band HK$1.03 – HK$2.46 · the HK$0.8700 price screens below the HK$1.74 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. As of Nov 14, 2026.
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China Investment and Finance Group Limited is an equity fund launched and managed by China Everbright Securities (HK) Limited. The fund invests in the equity markets of Greater China. China Investment and Finance Group Limited was formed on April 26, 2002 and is domiciled in Cayman Islands.
Stock analysis
China Investment and Finance Group Ltd (1226) currently trades at HK$0.8700, while our model-based Fair Value estimate is HK$1.74, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of HK$6.02 per share, and 6 of the 8 models we run sit above the HK$0.8700 price.
Bear case: the Asset-Based group reads lowest at HK$0.5800, and 2 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.03 (bear) to HK$2.46 (bull), the price of HK$0.8700 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 78/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
China Investment and Finance Group Ltd reported revenue of HK$38.0M in FY2026 versus HK$4.0M in FY2022, a compound +75.3%/yr. Reported net income was HK$140M in FY2026.
Key figures
Market cap HK$359M (≈ $45.8M) Micro · P/E ratio 2.6 · P/S ratio 9.39 · Return on equity 62.5% · Return on assets (EBIT) −0.6% (5-year average) · Operating margin 94.0% · Revenue growth (YoY) −25.7% · EPS growth (YoY) −34.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at 100%, 1226 screens cheaper than that median.
Fair Value models
BearHK$1.03Fair Value HK$1.74BullHK$2.46
Price HK$0.8700 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1,098.6%
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.
+91.6%
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.
+53.1%
Start year 2021 (pandemic). Over 10 years: +28.9% a year
Revenue growth 23 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.
+13.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +88.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +88.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 88.2% / −6.1%
Profit margin 2020 to 2026 ⓘ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.−167% → 377%
⚠ Revenue per share shrinking 25.6%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2021 (starting value 0.014 per share, median 0.12 in 2016 to 2019). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−17.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −19.5% a year for the price.
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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.Asset Management · 634 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)62.5% · Top 25%
Return on assets46.1% · Top 25%
Net margin (12 months)92.3% · Top 25%
Operating margin (12 months)94.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−25.7% · Bottom 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)2.6× · Cheapest 25%
P/B1.23× · Pricier than median
P/S (12 months)2.38× · Cheaper than median
Price / free cash flow (fiscal year)11.5× · Cheaper than median
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). "China Investment and Finance Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1226
Frequently asked questions
Is China Investment and Finance Group Ltd (1226) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of HK$1.74 versus a price of HK$0.8700, about +100% upside (undervalued).
What is the fair value of 1226?
Our model-based fair value for China Investment and Finance Group Ltd is HK$1.74 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$0.8700.
What is the quality score of 1226?
China Investment and Finance Group Ltd has a Quality Score of 78/100. 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 China Investment and Finance Group Ltd (1226)?
Our model-based price target is the fair value of HK$1.74 (as of Nov 14, 2026) from 8 valuation models. Cautious scenario HK$1.03, optimistic scenario HK$2.46. It is a calculation from audited fundamentals, not an analyst target.
What is the China Investment and Finance Group Ltd stock forecast for 2026?
Our models put fair value at HK$1.74, about +100% upside versus a price of HK$0.8700 (undervalued). Cautious scenario HK$1.03, optimistic scenario HK$2.46. The calculation is refreshed regularly with new filings.
What growth is priced into China Investment and Finance Group Ltd (1226)?
Today's price is already fair in a discounted-cash-flow model if free cash flow at China Investment and Finance Group Ltd shrinks by 17.8 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew 53.1 % per year. As of Nov 14, 2026.
What discount rate (WACC) does the fair value of 1226 use?
Our models discount China Investment and Finance Group Ltd at 10.3 %: a base by market capitalisation (nano), country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For China Investment and Finance Group Ltd that is -17.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has China Investment and Finance Group Ltd (1226) delivered so far?
Over the past 5 years revenue at China Investment and Finance Group Ltd grew 53.1 % a year. The price currently implies free-cash-flow growth of -17.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of China Investment and Finance Group Ltd (1226) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into China Investment and Finance Group Ltd (-17.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of China Investment and Finance Group Ltd (1226)?
The free-cash-flow yield on the price is 8.68 %: that much free cash flow China Investment and Finance Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of China Investment and Finance Group Ltd (1226)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Investment and Finance Group Ltd it is HK$1.74 per share (as of Nov 14, 2026), against a price of HK$0.8700. It is the blended result of 8 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is China Investment and Finance Group Ltd stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 1226 trades below its calculated fair value: price HK$0.8700, fair value HK$1.74, a gap of about +100% (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 1226?
No. The price is what the market pays today (HK$0.8700); the fair value is what the company's own numbers justify (HK$1.74). For China Investment and Finance Group Ltd the two are HK$0.8700 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Investment and Finance Group Ltd worth?
The market values China Investment and Finance Group Ltd at about HK$359M (market capitalisation, as of Nov 14, 2026). Per share that is HK$0.8700; our models calculate a fair value of HK$1.74 per share.
What do the bullish and bearish scenarios say about 1226?
Our models span a range for China Investment and Finance Group Ltd: cautious scenario HK$1.03, base HK$1.74, optimistic HK$2.46 per share (as of Nov 14, 2026, price HK$0.8700). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1226?
China Investment and Finance Group Ltd trades at a price-to-earnings ratio of 2.6 (as of Nov 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$1.74 is built from several models across several years. Other multiples: P/B 1.2, P/S 2.4, EV/EBITDA 2.4.
How solid is the balance sheet of China Investment and Finance Group Ltd (1226)?
Balance-sheet figures for China Investment and Finance Group Ltd (as of Nov 14, 2026): return on equity 62.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 1226 from its 52-week high?
China Investment and Finance Group Ltd trades at HK$0.8700, about 21% below its 52-week high of HK$1.10 and 26% above the low of HK$0.6900 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.74 is for.
Which stocks are comparable to China Investment and Finance Group Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, SK Square 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 China Investment and Finance Group Ltd stock attractive at the current price?
The data as of Nov 14, 2026: price HK$0.8700, calculated fair value HK$1.74 (+100%), Quality Score 78/100, 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 1226 calculated?
We run China Investment and Finance Group Ltd through 8 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of HK$1.74 builds on their evidence-weighted average, 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 14.1% above its aggregate fair value. China Investment and Finance Group Ltd currently trades 50% 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 China Investment and Finance Group Ltd (1226)?
The closing price on Nov 13, 2026 was HK$0.8700. Our model-based fair value is HK$1.74, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Investment and Finance Group Ltd right now?
The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (HK$1.03). 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$1.03 to HK$2.46) leaves room in how you read the outcome.
Key figures of China Investment and Finance Group Ltd
How large is the market capitalisation of China Investment and Finance Group Ltd (1226)?
The market capitalisation of China Investment and Finance Group Ltd is HK$359M (≈ $45.8M). 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 China Investment and Finance Group Ltd (1226)?
The price-to-sales ratio of China Investment and Finance Group Ltd is 9.39 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of China Investment and Finance Group Ltd (1226)?
The return on equity (ROE) of China Investment and Finance Group Ltd is 62.5% (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 China Investment and Finance Group Ltd (1226)?
On an EBIT basis the return on assets of China Investment and Finance Group Ltd is −0.6% (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 China Investment and Finance Group Ltd (1226)?
The operating margin of China Investment and Finance Group Ltd is 94.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Investment and Finance Group Ltd (1226)?
Revenue at China Investment and Finance Group Ltd is down 25.7% versus a year earlier (3y avg +91.6%). 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 China Investment and Finance Group Ltd (1226)?
Earnings per share at China Investment and Finance Group Ltd are down 34.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does China Investment and Finance Group Ltd (1226) hold?
China Investment and Finance Group Ltd holds more cash than debt, HK$28.8M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 14, 2026