Travel Expert Asia Enterprises Ltd (1235) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Travel Expert Asia Enterprises Ltd stock HK$0.55, price HK$0.24, upside +132.1%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 7, 2026.
How to read this chart
60‑month range HK$0.1024 – HK$0.2850 · fair‑value band HK$0.3900 – HK$0.7200 · the HK$0.2370 price screens below the HK$0.5500 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Travel Expert (Asia) Enterprises Limited, an investment holding company, engages in the travel and travel related businesses in Hong Kong and the People's Republic of China.
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The company provides services related to the sale of air tickets, hotel accommodation, and other travel related products and services. It is also involved in the package tours and investment in treasury activities.
In addition, the company offers marketing, management, and lease management services; and provides IT support services. Further, it operates retail shops in Hong Kong under the Travel Expert and Premium Holidays brand names. The company was founded in 1986 and is headquartered in Wan Chai, Hong Kong.
Travel Expert (Asia) Enterprises Limited is a subsidiary of Colvin & Horne Holdings Limited.
Stock analysis
Travel Expert Asia Enterprises Ltd (1235) currently trades at HK$0.2370, while our model-based Fair Value estimate is HK$0.5500, implying the stock looks roughly 57% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.7950 per share, and 16 of the 26 models we run sit above the HK$0.2370 price.
Bear case: the Asset-Based group reads lowest at HK$0.1000, and 10 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.3900 (bear) to HK$0.7200 (bull), the price of HK$0.2370 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 63/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Travel Expert Asia Enterprises Ltd reported revenue of HK$359M in FY2026 versus HK$10.3M in FY2022, a compound +143.1%/yr. Reported net income was HK$6.0M in FY2026.
Key figures
Market cap HK$121M (≈ $15.5M) Micro · P/E ratio 24.6 · P/S ratio 0.41 · Dividend yield 4.2% · Net margin 1.7% · Return on equity 9.1% · Return on assets (EBIT) −3.6% (5-year average) · Operating margin 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 132%, 1235 screens cheaper than that median.
Fair Value models
BearHK$0.3900Fair Value HK$0.5500BullHK$0.7200
Price HK$0.2370 · Upside +132.1%
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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+40.7%
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.
+107.4%
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.
+123.6%
Start year 2021 (pandemic). Over 10 years: −0.8% a year
Revenue growth 17 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.
+4.6%
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What shareholders gained per year (last 3 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 3 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.
−8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.6%
Dividend (yield on the price)4.2%
Profit margin 2021 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.−728% → 0%
⚠ Revenue per share shrinking 3.7%/yr over ~10Y (margins eroding too) ⓘ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.
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Travel Expert Asia Enterprises Ltd with another stock
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.Travel Services · 87 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+132.1% · Top 25%
Profitability
Return on equity (12 months)9.1% · Above median
Return on assets3.7% · Above median
Net margin (12 months)1.7% · Bottom 25%
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)49.9% · Top 25%
Dividend yield (12 months)4.2% · Above median
Valuation Multiplesvs Travel Services median · lower = cheaper
P/E (12 months)24.6× · Pricier than median
P/B1.81× · Cheaper than median
P/S (12 months)0.34× · Cheapest 25%
Price / free cash flow (fiscal year)7.8× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Travel Expert Asia Enterprises Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1235
Frequently asked questions
Is Travel Expert Asia Enterprises Ltd (1235) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of HK$0.5500 versus a price of HK$0.2370, about +132% upside (undervalued).
What is the fair value of 1235?
Our model-based fair value for Travel Expert Asia Enterprises Ltd is HK$0.5500 (as of Nov 7, 2026), built from audited fundamentals. The current price: HK$0.2370.
What is the quality score of 1235?
Travel Expert Asia Enterprises Ltd has a Quality Score of 63/100. 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 Travel Expert Asia Enterprises Ltd (1235)?
Our model-based price target is the fair value of HK$0.5500 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario HK$0.3900, optimistic scenario HK$0.7200. It is a calculation from audited fundamentals, not an analyst target.
What is the Travel Expert Asia Enterprises Ltd stock forecast for 2026?
Our models put fair value at HK$0.5500, about +132% upside versus a price of HK$0.2370 (undervalued). Cautious scenario HK$0.3900, optimistic scenario HK$0.7200. The calculation is refreshed regularly with new filings.
What is the revenue of Travel Expert Asia Enterprises Ltd (1235)?
Travel Expert Asia Enterprises Ltd reported trailing-twelve-month revenue of about HK$359M (latest available figure, as of Nov 7, 2026).
Does Travel Expert Asia Enterprises Ltd pay a dividend?
Travel Expert Asia Enterprises Ltd currently shows a dividend yield of 4.22% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Travel Expert Asia Enterprises Ltd (1235) and when is the ex-dividend date?
Travel Expert Asia Enterprises Ltd pays a dividend of HK$0.01 per share a year, a dividend yield of 4.2%. The last ex-dividend date was Sep 7, 2026. The payout ratio is 84.4% of earnings. Free cash flow covers the dividend 3.05 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Travel Expert Asia Enterprises Ltd (1235)?
For today's price to be fair in a discounted-cash-flow model, Travel Expert Asia Enterprises Ltd would have to grow free cash flow by less than minus 40 % 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 +123.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 1235 use?
Our models discount Travel Expert Asia Enterprises 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 Travel Expert Asia Enterprises Ltd that is less than minus 40 % 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 Travel Expert Asia Enterprises Ltd (1235) delivered so far?
Over the past 5 years revenue at Travel Expert Asia Enterprises Ltd grew +123.6 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Travel Expert Asia Enterprises Ltd (1235) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Travel Expert Asia Enterprises Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Travel Expert Asia Enterprises Ltd (1235)?
The free-cash-flow yield on the price is 12.84 %: that much free cash flow Travel Expert Asia Enterprises 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 Travel Expert Asia Enterprises Ltd (1235)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Travel Expert Asia Enterprises Ltd it is HK$0.5500 per share (as of Nov 7, 2026), against a price of HK$0.2370. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Travel Expert Asia Enterprises Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 1235 trades below its calculated fair value: price HK$0.2370, fair value HK$0.5500, a gap of about +132% (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 1235?
No. The price is what the market pays today (HK$0.2370); the fair value is what the company's own numbers justify (HK$0.5500). For Travel Expert Asia Enterprises Ltd the two are HK$0.3130 per share apart. That gap is exactly why we show both numbers side by side.
How much is Travel Expert Asia Enterprises Ltd worth?
The market values Travel Expert Asia Enterprises Ltd at about HK$121M (market capitalisation, as of Nov 7, 2026). Per share that is HK$0.2370; our models calculate a fair value of HK$0.5500 per share.
What do the bullish and bearish scenarios say about 1235?
Our models span a range for Travel Expert Asia Enterprises Ltd: cautious scenario HK$0.3900, base HK$0.5500, optimistic HK$0.7200 per share (as of Nov 7, 2026, price HK$0.2370). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1235?
Travel Expert Asia Enterprises Ltd trades at a price-to-earnings ratio of 24.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.5500 is built from several models across several years. Other multiples: P/B 1.8, P/S 0.3, EV/EBITDA 1.9.
How solid is the balance sheet of Travel Expert Asia Enterprises Ltd (1235)?
Balance-sheet figures for Travel Expert Asia Enterprises Ltd (as of Nov 7, 2026): return on equity 9.1%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 1235 from its 52-week high?
Travel Expert Asia Enterprises Ltd trades at HK$0.2370, about 17% below its 52-week high of HK$0.2850 and 45% above the low of HK$0.1640 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.5500 is for.
Which stocks are comparable to Travel Expert Asia Enterprises Ltd?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Travel Expert Asia Enterprises Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price HK$0.2370, calculated fair value HK$0.5500 (+132%), Quality Score 63/100, from 26 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 1235 calculated?
We run Travel Expert Asia Enterprises Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$0.5500 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 13.3% above its aggregate fair value. Travel Expert Asia Enterprises Ltd currently trades 57% 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 Travel Expert Asia Enterprises Ltd (1235)?
The closing price on Nov 6, 2026 was HK$0.2370. Our model-based fair value is HK$0.5500, about +132% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Travel Expert Asia Enterprises Ltd right now?
The price is below even our cautious bear case (HK$0.3900). 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. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (HK$0.3900 to HK$0.7200) leaves room in how you read the outcome.
Key figures of Travel Expert Asia Enterprises Ltd
How large is the market capitalisation of Travel Expert Asia Enterprises Ltd (1235)?
The market capitalisation of Travel Expert Asia Enterprises Ltd is HK$121M (≈ $15.5M). 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 Travel Expert Asia Enterprises Ltd (1235)?
The price-to-sales ratio of Travel Expert Asia Enterprises Ltd is 0.41 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Travel Expert Asia Enterprises Ltd (1235)?
The dividend yield of Travel Expert Asia Enterprises Ltd is 4.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Travel Expert Asia Enterprises Ltd (1235)?
The net margin of Travel Expert Asia Enterprises Ltd is 1.7% (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 Travel Expert Asia Enterprises Ltd (1235)?
The return on equity (ROE) of Travel Expert Asia Enterprises Ltd is 9.1% (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 Travel Expert Asia Enterprises Ltd (1235)?
On an EBIT basis the return on assets of Travel Expert Asia Enterprises Ltd is −3.6% (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 Travel Expert Asia Enterprises Ltd (1235)?
The operating margin of Travel Expert Asia Enterprises Ltd is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Travel Expert Asia Enterprises Ltd (1235)?
Revenue at Travel Expert Asia Enterprises Ltd is growing +49.9% versus a year earlier (3y avg +107%). 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 Travel Expert Asia Enterprises Ltd (1235)?
Earnings per share at Travel Expert Asia Enterprises Ltd are growing +622% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Travel Expert Asia Enterprises Ltd (1235) hold?
Travel Expert Asia Enterprises Ltd holds more cash than debt, HK$106M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026