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Haina Intelligent Equipment International Holdings Limited (1645) Fair Value & Analysis

Industrials · HK · Market cap HK$1.6B

HI Haina Intelligent Equipment International Holdings Limited 1645 · HK
PriceHK$2.65
Fair ValueHK$0.7200
Upside-72.8%
Quality49/100
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Weak Growth
Thin margins · 4.4% net margin
negative free cash flow
Trails peers (1/11)
Narrow moat 26/100
Evidence: Medium Range HK$0.5000 – HK$0.9300 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.7100 to HK$0.7200 (+1.4%) since Aug 5, 2026. Share price −4.3% over the past month.

Below-average quality, and screening another 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.9300). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.5000 to HK$0.9300) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$4.18 HK$0.2800 Fair Value HK$0.7200 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$0.2800 – HK$4.18 · fair‑value band HK$0.5000 – HK$0.9300 · the HK$2.65 price screens above the HK$0.7200 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Haina Intelligent Equipment International Holdings Limited (1645) currently trades at HK$2.65, while our model-based Fair Value estimate is HK$0.7200, implying the stock looks roughly 72.8% overvalued today. The Quality Score stands at 49/100 (below-average 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: medium).

Over the trailing twelve months, Haina Intelligent Equipment International Holdings Limited generated revenue of HK$491M at a net margin of 4.4%. Revenue grew 42.4% year over year. It earns a return on equity of 6.9%. Net debt stands at HK$346M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.5000 (bear case) to HK$0.9300 (bull case); at HK$2.65, 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 37% below its 52-week high and 191% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at -73%, 1645 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$0.3900 HK$0.4100 HK$0.4200 76
Growth-Adj P/E HK$0.4300 HK$0.6200 HK$0.8000 68
P/E Multiple HK$0.6100 HK$0.8100 HK$1.01 63
All 10 models by family
Earnings-Based
Graham-Dodd HK$0.2600 HK$0.9600 HK$1.30 54
Lynch FV HK$0.2300 HK$0.3300 HK$0.4300 50
PEG = 1.0 HK$0.2300 HK$0.3300 HK$0.4300 46
Multiples
P/E Multiple HK$0.6100 HK$0.8100 HK$1.01 63
P/S Multiple HK$0.4900 HK$0.6600 HK$0.8200 58
P/B Multiple HK$0.4900 HK$0.6600 HK$0.8200 55
EV/EBITDA HK$0.1600 HK$0.1800 HK$0.2000 54
Asset-Based
NCAV (Graham) HK$0.2500 HK$0.3400 HK$0.5100 50
Economic Profit
Residual Income HK$0.3900 HK$0.4100 HK$0.4200 76
Growth Earnings
Growth-Adj P/E HK$0.4300 HK$0.6200 HK$0.8000 68

Widest divergence: Multiples (HK$0.6600) versus Earnings-Based (HK$0.3300). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$491M
Revenue growth (YoY) +42.4%
Net margin 4.4%
Return on equity 6.9%
Free cash flow −HK$54.9M FY2025
P/E ratio 69.0 as of Jul 2, 2026
More key figures
Operating margin 2.7%
EPS (TTM) HK$0.0200
EPS growth (YoY) -86.2%
Net debt HK$346M FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 60

Profitability 30
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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

Haina Intelligent Equipment International Holdings Limited, an investment holding company, designs, manufactures, and sells automated machines for manufacturing disposable hygiene products. It offers machines for baby diapers, adult diapers, lady sanitary napkins, and wet wipes, as well as related components and parts.

Full company description

Haina Intelligent Equipment International Holdings Limited, an investment holding company, designs, manufactures, and sells automated machines for manufacturing disposable hygiene products. It offers machines for baby diapers, adult diapers, lady sanitary napkins, and wet wipes, as well as related components and parts. The company also provides technology and related services; manufactures metal cutting machine tools, industrial automatic control system devices, and packaging equipment; and trades in machines for disposable hygiene products. It operates in the People's Republic of China, the Republic of Indonesia, Vietnam, Singapore, the Philippines, Malaysia, Cambodia, India, Bangladesh, the Islamic Republic of Pakistan, and Brazil. The company was founded in 2011 and is headquartered in Jinjiang, the People's Republic of China. Haina Intelligent Equipment International Holdings Limited is a subsidiary of Prestige Name International Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Haina Intelligent Equipment International Holdings Limited reported revenue of HK$491M in FY2025 versus HK$393M in FY2021, a compound +5.7%/yr. Reported net income was HK$21.8M in FY2025, compounding −5.2%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$491M
Latest YoY
+32.8%
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.
+7.3%
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.
+0.7%
Avg. growth/yr (9Y) 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.
+17.7%
Revenue +5.7%/yr
FY21 HK$393M
FY22 HK$398M
FY23 HK$351M
FY24 HK$370M
FY25 HK$491M
Net income −5.2%/yr
FY21 HK$27.0M
FY22 −HK$3.1M
FY23 −HK$35.8M
FY24 −HK$38.1M
FY25 HK$21.8M

1645 screens 73% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Haina Intelligent Equipment International Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/1645

Peer Group

Specialty Industrial Machinery · 808 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 49 · Below median
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 42% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 69.0× · Pricier than 75% of peers
P/B 5.45× · Pricier than 75% of peers
P/S (TTM) 3.17× · Pricier than median
EV/EBITDA 70.1× · 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 0
FUTURE 100 · sector 22
PAST 28 · sector 28
HEALTH 0 · sector 96
DIVIDEND 0 · sector 27

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €899.80 €186.93 -79%
1SIE 1SIE €281.75 €91.93 -67%
SMNS SMNS C$31.76 C$22.75 -28%
Atlas Copco AB ATCOA kr 210.00 kr 112.59 -46%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

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Frequently asked questions

Is Haina Intelligent Equipment International Holdings Limited (1645) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.7200 versus a price of HK$2.65, about −73% (overvalued).
What is the fair value of 1645?
Our model-based fair value for Haina Intelligent Equipment International Holdings Limited is HK$0.7200 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$2.65.
What is the quality score of 1645?
Haina Intelligent Equipment International Holdings Limited has a Quality Score of 49/100. 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 Haina Intelligent Equipment International Holdings Limited (1645)?
Haina Intelligent Equipment International Holdings Limited reported trailing-twelve-month revenue of about HK$491M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1645?
The net profit margin of Haina Intelligent Equipment International Holdings Limited is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. 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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