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Accel Group (1283) Fair Value & Analysis

Industrials · HK · Market cap HK$1.3B

AG Accel Group 1283 · HK
PriceHK$1.50
Fair ValueHK$0.8900
Upside-40.5%
Quality59/100
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Weak Growth
Thin margins · 8.3% net margin
generates free cash flow
1.11% dividend yield
Trails peers (5/13)
Narrow moat 41/100
Evidence: High Range HK$0.6400 – HK$1.20 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 2 days ago

Share price −6.6% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$1.20). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.6400 to HK$1.20) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$1.86 HK$0.6746 Fair Value HK$0.8900 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$0.6746 – HK$1.86 · fair‑value band HK$0.6400 – HK$1.20 · the HK$1.50 price screens above the HK$0.8900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Accel Group (1283) currently trades at HK$1.50, while our model-based Fair Value estimate is HK$0.8900, implying the stock looks roughly 40.5% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Accel Group generated revenue of HK$530M at a net margin of 8.3%. Revenue declined 15.3% year over year. It earns a return on equity of 9.0%. The balance sheet holds a net cash position of HK$50.5M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.6400 (bear case) to HK$1.20 (bull case); at HK$1.50, the current price sits above 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 23% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -40%, 1283 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
Residual Income HK$0.5000 HK$0.5300 HK$0.5700 76
Growth DCF HK$0.5800 HK$0.7400 HK$0.9300 72
Growth-Adj P/E HK$0.6600 HK$0.9500 HK$1.23 68
All 23 models by family
DCF Models
FCF DCF HK$0.5700 HK$0.7500 HK$0.9800 38
Owner Earnings HK$0.7100 HK$0.9400 HK$1.23 31
5Y Revenue Exit HK$0.5900 HK$0.8500 HK$1.16 39
5Y EBITDA Exit HK$0.6500 HK$0.9600 HK$1.30 41
5Y P/E Exit HK$0.7400 HK$1.11 HK$1.49 38
10Y Revenue Exit HK$0.5700 HK$0.7800 HK$1.05 36
10Y EBITDA Exit HK$0.6100 HK$0.8500 HK$1.14 37
10Y P/E Exit HK$0.6600 HK$0.9500 HK$1.27 35
Earnings-Based
Graham-Dodd HK$0.3700 HK$0.9600 HK$1.26 54
PEG = 1.0 HK$0.1900 HK$0.2600 HK$0.3400 46
EPV HK$0.4900 HK$0.5500 HK$0.5900 59
Multiples
P/E Multiple HK$0.8500 HK$1.13 HK$1.41 63
P/S Multiple HK$0.6900 HK$0.9100 HK$1.14 58
P/B Multiple HK$0.6900 HK$0.9100 HK$1.14 55
EV/EBIT HK$0.8500 HK$1.09 HK$1.34 53
EV/EBITDA HK$0.7900 HK$1.02 HK$1.25 54
EV/Revenue HK$0.6400 HK$0.8600 HK$1.09 43
Asset-Based
NCAV (Graham) HK$0.3100 HK$0.4200 HK$0.6200 50
Growth DCF
Growth DCF HK$0.5800 HK$0.7400 HK$0.9300 72
Rev-Margin DCF HK$0.5900 HK$0.8500 HK$1.14 67
Economic Profit
Residual Income HK$0.5000 HK$0.5300 HK$0.5700 76
ROIC Compounder HK$0.4900 HK$0.5500 HK$0.5900 67
Growth Earnings
Growth-Adj P/E HK$0.6600 HK$0.9500 HK$1.23 68

Widest divergence: Growth Earnings (HK$0.9500) versus Asset-Based (HK$0.4200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$530M
Revenue growth (YoY) -15.3%
Net margin 8.3%
Return on equity 9.0%
Free cash flow HK$41.6M FY2025
P/E ratio 24.9
More key figures
Operating margin 10.5%
EPS (TTM) HK$0.0600
Dividend yield 1.1%
EPS growth (YoY) -18.4%
Net cash HK$50.5M FY2026

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 38

Profitability 42
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 79
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

Accel Group Holdings Limited, an investment holding company, provides electrical and mechanical engineering services in Hong Kong.

Full company description

Accel Group Holdings Limited, an investment holding company, provides electrical and mechanical engineering services in Hong Kong. It engages in the supply, installation, and maintenance of mechanical ventilation and air-conditioning systems; drainage, water supply, swimming pool, and fountain systems; and electrical and control systems, as well as smart electrical control systems in buildings. The company also produces and sells disinfection spray equipment and accessories; and offers education consultancy services. In addition, it is involved in property holding activities; construction of buildings; and recycling business. The company was founded in 2000 and is headquartered in Tsuen Wan, Hong Kong. Accel Group Holdings Limited is a subsidiary of Lightspeed Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Accel Group reported revenue of HK$530M in FY2026 versus HK$547M in FY2022, a compound −0.8%/yr. Reported net income was HK$44.0M in FY2026, compounding −10.4%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$530M
Latest YoY
−4.7%
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.
−0.5%
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.
+0.8%
Avg. growth/yr (10Y) 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.
+10.7%
Revenue −0.8%/yr
FY22 HK$547M
FY23 HK$538M
FY24 HK$554M
FY25 HK$556M
FY26 HK$530M
Net income −10.4%/yr
FY22 HK$68.2M
FY23 HK$56.5M
FY24 HK$40.8M
FY25 HK$46.3M
FY26 HK$44.0M
Character of growth · EPS growth decomposed (2016-2026) +4.7 % p.a.
Revenue per share +13.0 pp

of which total revenue +13.1 pp · buybacks/dilution −0.1 pp

EBIT margin −6.6 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −1.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

1283 screens 40% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Accel Group Fair Value". https://www.fairvalue-calculator.com/stock/1283

Peer Group

Engineering & Construction · 838 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 59 · Top 25%
Fair Value upside −41% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 1.1% · Below median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 24.9× · Pricier than median
P/B 2.61× · Pricier than median
P/S (TTM) 2.52× · Pricier than 75% of peers
P/FCF 4.1× · Pricier than median
EV/EBITDA 23.4× · Pricier 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 0 · sector 14
FUTURE 0 · sector 14
PAST 36 · sector 26
HEALTH 0 · sector 94
DIVIDEND 22 · sector 42

VALUE 0: the price sits above our fair-value range.

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is Accel Group (1283) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.8900 versus a price of HK$1.50, about −40% (overvalued).
What is the fair value of 1283?
Our model-based fair value for Accel Group is HK$0.8900 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.50.
What is the quality score of 1283?
Accel Group has a Quality Score of 59/100. 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 Accel Group (1283)?
Accel Group reported trailing-twelve-month revenue of about HK$530M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1283?
The net profit margin of Accel Group is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.
Does Accel Group pay a dividend?
Accel Group currently shows a dividend yield of about 1.11% relative to its recent price (as of Aug 13, 2026).

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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