Wang On Properties Ltd (1243) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Wang On Properties Ltd HK$0.04, price HK$0.03, upside +42.1%, quality 55 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 29, 2026.
How to read this chart
60‑month range HK$0.0280 – HK$0.1050 · fair‑value band HK$0.0298 – HK$0.0482 · the HK$0.0280 price screens below the HK$0.0398 fair value. Dashed = 300-day average. As of Sep 29, 2026.
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Wang On Properties Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in Hong Kong. It operates through three segments: Property Development, Property Investment, and Asset Management.
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Wang On Properties Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in Hong Kong. It operates through three segments: Property Development, Property Investment, and Asset Management. The company engages in the investment of commercial premises for rental or for sale; and provision of management, securities investment, asset management, and financial services. It is also involved in the trading of properties. The company was incorporated in 2015 and is headquartered in Kowloon Bay, Hong Kong. Wang On Properties Limited is a subsidiary of Earnest Spot Limited.
Stock analysis
Wang On Properties Ltd (1243) currently trades at HK$0.0280, while our model-based Fair Value estimate is HK$0.0398, implying the stock looks roughly 29.6% undervalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 89/100, which puts the evidence level at low.
Scenario range: HK$0.0298 (bear) to HK$0.0482 (bull), the price of HK$0.0280 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 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Wang On Properties Ltd reported revenue of HK$1.4B in FY2026 versus HK$38.9M in FY2022, a compound +144.9%/yr. Reported net income was −HK$914M in FY2026.
Key figures
Market cap HK$486M (≈ $62.0M) · P/S ratio 0.34 · EPS (TTM) HK$−0.0700 · Net margin −65.5% · Return on equity −42.4% · Return on assets (EBIT) −3.9% · Operating margin −35.5% · Revenue (TTM) HK$1.4B.
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 30% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 42%, 1243 screens cheaper than that median.
Fair Value models
Bear HK$0.0298Fair Value HK$0.0398Bull HK$0.0482
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
+11.3%
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.
−11.2%
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.
+32.7%
Start year 2021 (pandemic). Over 10 years: +8.0% a year
Revenue growth 13 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.
+8.1%
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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.
−17.5% (2021) → −26.0% (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.Real Estate - Development · 575 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Top 25%
Fair Value upside+42.1% · Above median
Profitability
Return on assets−4.9% · Bottom 25%
Net margin (TTM)−102.6% · Bottom 25%
Operating margin (TTM)−35.5% · Bottom 25%
Growth and dividend
Revenue growth37.5% · Top 25%
Balance sheet
Debt / equity1.09× · Highest 25%
Valuation Multiplesvs Real Estate - Development 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 Properties Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1243
Frequently asked questions
Is Wang On Properties Ltd (1243) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of HK$0.0398 versus a price of HK$0.0280, about +42% upside (undervalued).
What is the fair value of 1243?
Our model-based fair value for Wang On Properties Ltd is HK$0.0398 (as of Sep 29, 2026), built from audited fundamentals. The current price: HK$0.0280.
What is the quality score of 1243?
Wang On Properties Ltd has a Quality Score of 55/100. 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 Properties Ltd (1243)?
Our model-based price target is the fair value of HK$0.0398 (as of Sep 29, 2026) from 6 valuation models. Cautious scenario HK$0.0298, optimistic scenario HK$0.0482. It is a calculation from audited fundamentals, not an analyst target.
What is the Wang On Properties Ltd stock forecast for 2026?
Our models put fair value at HK$0.0398, about +42% upside versus a price of HK$0.0280 (undervalued). Cautious scenario HK$0.0298, optimistic scenario HK$0.0482. The calculation is refreshed regularly with new filings.
What is the revenue of Wang On Properties Ltd (1243)?
Wang On Properties Ltd reported trailing-twelve-month revenue of about HK$1.4B (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of Wang On Properties Ltd (1243)?
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 Properties Ltd it is HK$0.0398 per share (as of Sep 29, 2026), against a price of HK$0.0280. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Wang On Properties Ltd stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 1243 trades below its calculated fair value: price HK$0.0280, fair value HK$0.0398, a gap of about +42% (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 1243?
No. The price is what the market pays today (HK$0.0280); the fair value is what the company's own numbers justify (HK$0.0398). For Wang On Properties Ltd the two are HK$0.0118 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wang On Properties Ltd worth?
The market values Wang On Properties Ltd at about HK$486M (market capitalisation, as of Sep 29, 2026). Per share that is HK$0.0280; our models calculate a fair value of HK$0.0398 per share.
What do the bullish and bearish scenarios say about 1243?
Our models span a range for Wang On Properties Ltd: cautious scenario HK$0.0298, base HK$0.0398, optimistic HK$0.0482 per share (as of Sep 29, 2026, price HK$0.0280). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Wang On Properties Ltd (1243)?
Balance-sheet figures for Wang On Properties Ltd (as of Sep 29, 2026): return on equity −42.4%, debt of 1.09 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 1243 from its 52-week high?
Wang On Properties Ltd trades at HK$0.0280, about 30% below its 52-week high of HK$0.0400 and at the low of HK$0.0280 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0398 is for.
Which stocks are comparable to Wang On Properties Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF 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 Properties Ltd stock attractive at the current price?
The data as of Sep 29, 2026: price HK$0.0280, calculated fair value HK$0.0398 (+42%), Quality Score 55/100, from 6 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 1243 calculated?
We run Wang On Properties Ltd through 6 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$0.0398, 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 14.7 % above its aggregate fair value. Wang On Properties Ltd currently trades 30 % 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 Properties Ltd (1243)?
The closing price on Sep 30, 2026 was HK$0.0280. Our model-based fair value is HK$0.0398, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wang On Properties Ltd right now?
The price is below even our cautious bear case (HK$0.0298). 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 (55/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Wang On Properties Ltd
How large is the market capitalisation of Wang On Properties Ltd (1243)?
The market capitalisation of Wang On Properties Ltd is HK$486M (≈ $62.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wang On Properties Ltd (1243)?
The price-to-sales ratio of Wang On Properties Ltd is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wang On Properties Ltd (1243)?
Earnings per share at Wang On Properties Ltd are HK$−0.0700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wang On Properties Ltd (1243)?
The net margin of Wang On Properties Ltd is −65.5% (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 Properties Ltd (1243)?
The return on equity (ROE) of Wang On Properties Ltd is −42.4% (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 Properties Ltd (1243)?
On an EBIT basis the return on assets of Wang On Properties Ltd is −3.9% (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 Properties Ltd (1243)?
The operating margin of Wang On Properties Ltd is −35.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wang On Properties Ltd (1243)?
Revenue at Wang On Properties Ltd is growing +37.5% versus a year earlier (3y avg −11.2%). 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 Properties Ltd (1243)?
Earnings per share at Wang On Properties Ltd are growing −63.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wang On Properties Ltd (1243) generate?
The free cash flow of Wang On Properties Ltd is HK$918M (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 Properties Ltd (1243) carry?
The net debt of Wang On Properties Ltd is HK$2.4B (fiscal year 2026, ≈ 2.6 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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