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Powerlong Real Estate Holdings (1238) Fair Value & Analysis

Real Estate · HK · Market cap HK$762M

PR Powerlong Real Estate Holdings 1238 · HK
PriceHK$0.1850
Fair ValueHK$0.2012
Upside+8.8%
Quality42/100
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Weak Growth
Loss-making · -26.0% net margin
Moderate debt · generates free cash flow
Trails peers (1/9)
Narrow moat 3/100
Evidence: Low Range HK$0.0913 – HK$0.2012 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.2009 to HK$0.2012 (+0.1%) since Aug 5, 2026. Share price −8.9% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$0.0913 to HK$0.2012) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$7.41 HK$0.1800 Fair Value HK$0.2012 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$0.1800 – HK$7.41 · fair‑value band HK$0.0913 – HK$0.2012 · the HK$0.1850 price screens below the HK$0.2012 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Powerlong Real Estate Holdings (1238) currently trades at HK$0.1850, while our model-based Fair Value estimate is HK$0.2012, implying the stock looks roughly 8.8% fairly valued today. The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Powerlong Real Estate Holdings generated revenue of HK$22.6B at a net margin of -26.0%. Revenue declined 7.1% year over year. It earns a return on equity of -15.3%. Net debt stands at HK$48.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0913 (bear case) to HK$0.2012 (bull case); at HK$0.1850, the current price sits within 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 54% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 9%, 1238 screens richer 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$3.92 HK$8.13 HK$14.14 80
Rev-Margin DCF HK$3.31 HK$7.78 HK$13.51 74
NCAV (Graham) HK$3.23 HK$4.33 HK$6.46 50
All 7 models by family
DCF Models
FCF DCF HK$4.03 HK$8.80 HK$16.04 38
5Y Revenue Exit HK$3.31 HK$7.85 HK$13.94 39
10Y Revenue Exit HK$3.31 HK$7.46 HK$13.67 36
Multiples
EV/Revenue HK$3.04 HK$5.76 HK$8.47 43
Asset-Based
NCAV (Graham) HK$3.23 HK$4.33 HK$6.46 50
Growth DCF
Growth DCF HK$3.92 HK$8.13 HK$14.14 80
Rev-Margin DCF HK$3.31 HK$7.78 HK$13.51 74

Widest divergence: DCF Models (HK$7.85) versus Asset-Based (HK$4.33). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$22.6B
Revenue growth (YoY) -7.1%
Net margin -26.0%
Return on equity -15.3%
Free cash flow HK$2.9B FY2025
Operating margin -13.8%
More key figures
EPS (TTM) HK$-0.6400
EPS growth (YoY) -86.5%
Net debt HK$48.6B FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 42 · Market factors (momentum, volatility) 13

Profitability 2
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
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

Powerlong Real Estate Holdings Limited, an investment holding company, invests in, develops, operates, and manages commercial real estate projects in the People's Republic of China.

Full company description

Powerlong Real Estate Holdings Limited, an investment holding company, invests in, develops, operates, and manages commercial real estate projects in the People's Republic of China. The company operates through four segments: Property Development, Property Investment, Commercial Operation and Residential Property Management, and Other Property Development Related Businesses. It develops commercial and residential properties; and owns and operates property development projects developed by group and third parties. The company is also involved in property investments mainly shopping malls, as well as hotel operations. Further, the company offers commercial operational services, including market positioning and business tenant sourcing services, commercial operation and management services and other value-added services; residential property management services such as pre-sale management service, property management service and community value-added services. In addition, it owns and manages international branded hotels and self-owned branded chain hotels. The company was founded in 1990 and is based in Shanghai, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Powerlong Real Estate Holdings reported revenue of HK$22.6B in FY2025 versus HK$39.9B in FY2021, a compound −13.2%/yr. Reported net income was −HK$5.9B in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$22.6B
Latest YoY
−12.1%
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.
−10.3%
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.
−8.6%
Avg. growth/yr (19Y) 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.
+21.8%
Revenue −13.2%/yr
FY21 HK$39.9B
FY22 HK$31.4B
FY23 HK$22.9B
FY24 HK$25.8B
FY25 HK$22.6B
Net income
FY21 HK$6.0B
FY22 HK$446M
FY23 −HK$2.6B
FY24 −HK$5.8B
FY25 −HK$5.9B

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Cite: Fair Value Calculator (2026). "Powerlong Real Estate Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1238

Peer Group

Real Estate - Development · 593 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 42 · Below median
Fair Value upside +8% · Below median
Return on assets -0% · Below median
Net margin (TTM) -26% · Bottom 25%
Operating margin (TTM) -14% · Bottom 25%
Revenue growth -7% · Below median
Debt / equity 0.78× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 44 · sector 47
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 61 · sector 85
DIVIDEND 0 · sector 58

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹661.75 ₹146.13 -78%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,150 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,488 IDR +150%
PT Sentul City Tbk, BKSL 73.00 IDR 84.16 IDR +15%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
Khang Dien House Trading and Investment Joint Stock Company KDH 18,150 VND 20,338 VND +12%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%

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Frequently asked questions

Is Powerlong Real Estate Holdings (1238) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2012 versus a price of HK$0.1850, about +9% (fairly valued).
What is the fair value of 1238?
Our model-based fair value for Powerlong Real Estate Holdings is HK$0.2012 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1850.
What is the quality score of 1238?
Powerlong Real Estate Holdings has a Quality Score of 42/100. 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 Powerlong Real Estate Holdings (1238)?
Powerlong Real Estate Holdings reported trailing-twelve-month revenue of about HK$22.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1238?
The net profit margin of Powerlong Real Estate Holdings is about -26.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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