EN DE

Lap Kei Engineering Holdings Ltd (1690) Fair Value & Analysis

Industrials · HK · Market cap HK$152M

LK Lap Kei Engineering Holdings Ltd 1690 · HK
PriceHK$0.1310
Fair ValueHK$0.2000
Upside+52.7%
Quality76/100
Watch Lap Kei Engineering Holdings Ltd for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 5.6% net margin
generates free cash flow
19.05% dividend yield
Ranks above peers (12/13)
Narrow moat 38/100
Evidence: High Range HK$0.1700 – HK$0.2400 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Share price +2.3% over the past month.

A strong business, screening 53% undervalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (HK$0.1700). The market is more pessimistic than our downside scenario.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$0.2370 HK$0.0382 Fair Value HK$0.2000 Jul 2018 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$0.0382 – HK$0.2370 · fair‑value band HK$0.1700 – HK$0.2400 · the HK$0.1310 price screens below the HK$0.2000 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Lap Kei Engineering Holdings Ltd (1690) currently trades at HK$0.1310, while our model-based Fair Value estimate is HK$0.2000, implying the stock looks roughly 52.7% undervalued today. The Quality Score stands at 76/100 (high quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Lap Kei Engineering Holdings Ltd generated revenue of HK$281M at a net margin of 5.6%. Revenue declined 51.3% year over year. It earns a return on equity of 10.5%. The balance sheet holds a net cash position of HK$74.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1700 (bear case) to HK$0.2400 (bull case); at HK$0.1310, the current price sits below 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 30% below its 52-week high and 142% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 53%, 1690 screens cheaper 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$0.0800 HK$0.0900 HK$0.1000 76
Growth DCF HK$0.2000 HK$0.2500 HK$0.3100 72
Gordon GGM HK$0.0700 HK$0.1200 HK$0.1500 70
All 26 models by family
DCF Models
FCF DCF HK$0.2000 HK$0.2600 HK$0.3400 38
Owner Earnings HK$0.1400 HK$0.1700 HK$0.2200 31
5Y Revenue Exit HK$0.1600 HK$0.2100 HK$0.2800 39
5Y EBITDA Exit HK$0.1700 HK$0.2300 HK$0.3000 41
5Y P/E Exit HK$0.2000 HK$0.2900 HK$0.3800 38
10Y Revenue Exit HK$0.1700 HK$0.2200 HK$0.2800 36
10Y EBITDA Exit HK$0.1800 HK$0.2300 HK$0.3000 37
10Y P/E Exit HK$0.2000 HK$0.2600 HK$0.3500 35
Earnings-Based
Graham-Dodd HK$0.0700 HK$0.2600 HK$0.3400 54
Lynch FV HK$0.0600 HK$0.0800 HK$0.1100 50
PEG = 1.0 HK$0.0600 HK$0.0800 HK$0.1100 46
EPV HK$0.1100 HK$0.1200 HK$0.1300 59
Dividend Discount
Gordon GGM HK$0.0700 HK$0.1200 HK$0.1500 70
DDM Multi-Stage HK$0.0700 HK$0.1100 HK$0.1300 61
Multiples
P/E Multiple HK$0.1700 HK$0.2300 HK$0.2800 63
P/S Multiple HK$0.1400 HK$0.1800 HK$0.2300 58
P/B Multiple HK$0.1400 HK$0.1800 HK$0.2300 55
EV/EBIT HK$0.1800 HK$0.2200 HK$0.2600 53
EV/EBITDA HK$0.1700 HK$0.2000 HK$0.2400 54
EV/Revenue HK$0.1400 HK$0.1800 HK$0.2200 43
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1000 50
Growth DCF
Growth DCF HK$0.2000 HK$0.2500 HK$0.3100 72
Rev-Margin DCF HK$0.1600 HK$0.2100 HK$0.2800 67
Economic Profit
Residual Income HK$0.0800 HK$0.0900 HK$0.1000 76
ROIC Compounder HK$0.1200 HK$0.1300 HK$0.1400 67
Growth Earnings
Growth-Adj P/E HK$0.1500 HK$0.2100 HK$0.2700 68

Widest divergence: DCF Models (HK$0.2300) versus Asset-Based (HK$0.0700). Highest evidence: Residual Income (76).

Notify me when 1690 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$281M
Revenue growth (YoY) -51.3%
Net margin 5.6%
Return on equity 10.5%
Free cash flow HK$24.5M FY2025
P/E ratio 10.5 as of Jul 2, 2026
More key figures
Operating margin 10.3%
EPS growth (YoY) +1,933%
Net cash HK$74.2M FY2025

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 75 · Market factors (momentum, volatility) 69

Profitability 45
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 100
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

Lap Kei Engineering (Holdings) Limited, an investment holding company, provides engineering services for building services systems in Hong Kong. The company operates through Building Services Engineering Work; and Maintenance, Repair, and Other Services segments.

Full company description

Lap Kei Engineering (Holdings) Limited, an investment holding company, provides engineering services for building services systems in Hong Kong. The company operates through Building Services Engineering Work; and Maintenance, Repair, and Other Services segments. It engages in the supply, installation, and maintenance of mechanical ventilation and air-conditioning, electrical, plumbing and drainage, fire, and other related systems. The company also provides maintenance and repair services for building services systems, as well as engages in the replacement of parts. It serves contractors, landlords, and property developers. The company was founded in 1997 and is headquartered in Kowloon Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lap Kei Engineering Holdings Ltd reported revenue of HK$281M in FY2025 versus HK$261M in FY2021, a compound +1.8%/yr. Reported net income was HK$15.7M in FY2025, compounding +10.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$281M
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.
+16.7%
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.
+22.0%
Avg. growth/yr (11Y) ⓘ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.
+10.0%
Revenue +1.8%/yr
FY21 HK$261M
FY22 HK$402M
FY23 HK$323M
FY24 HK$415M
FY25 HK$281M
Net income +10.0%/yr
FY21 HK$10.7M
FY22 HK$10.9M
FY23 HK$7.4M
FY24 HK$2.1M
FY25 HK$15.7M
Character of growth · EPS growth decomposed (2014-2025) −12.5 % p.a.
Revenue per share +4.1 pp

of which total revenue +6.9 pp · buybacks/dilution −2.8 pp

EBIT margin −18.0 pp
Tax rate +0.7 pp
Residual (interest, one-offs) +0.7 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).

Watch 1690: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Lap Kei Engineering Holdings Ltd · Fair Value
HK$0.2000 +53%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Lap Kei Engineering Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1690

Peer Group

Engineering & Construction · 837 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 76 · Top 25%
Fair Value upside +53% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 10% · Top 25%
Revenue growth -51% · Bottom 25%
Dividend yield (TTM) 19.1% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than 75% of peers
P/B 1.01× · Cheaper than median
P/S (TTM) 0.54× · Cheaper than median
P/FCF 0.8× · Cheaper than median
EV/EBITDA 4.6× · 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 100 · sector 14
FUTURE 0 · sector 15
PAST 42 · sector 26
HEALTH 0 · sector 94
DIVIDEND 100 · sector 43

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 46,350 KRW 43,924 KRW -5%

Compare Lap Kei Engineering Holdings Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Lap Kei Engineering Holdings Ltd (1690) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2000 versus a price of HK$0.1310, about +53% (undervalued).
What is the fair value of 1690?
Our model-based fair value for Lap Kei Engineering Holdings Ltd is HK$0.2000 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1310.
What is the quality score of 1690?
Lap Kei Engineering Holdings Ltd has a Quality Score of 76/100. 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 Lap Kei Engineering Holdings Ltd (1690)?
Lap Kei Engineering Holdings Ltd reported trailing-twelve-month revenue of about HK$281M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1690?
The net profit margin of Lap Kei Engineering Holdings Ltd is about 5.6%, meaning it keeps roughly 5.6% 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.

14 days Pro free · no card

Track Lap Kei Engineering Holdings Ltd and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.