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HKE Holdings (1726) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of HKE Holdings stock HK$0.04, price HK$0.22, that is 81.7% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials HK · ISIN KYG451601010

HH HKE Holdings logo Thin data Nov 6, 2026

HKE Holdings

1726 · HK
Very expensive, weak quality

Our calculation puts a fair price 82% below what the stock costs today.

Quality 40/100
Expensive Growth (revenue 5y +14.0 %/yr in HKD)
Moderate debt
Revenue last quarter 26% below a year ago.
Fair value HK$0.0400 · Strongly overvalued (−81.7%)
Loss-making · -62.0% net margin (TTM)
Negative free cash flow
Trails peers (0/10)
Narrow moat 9/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$2.55 HK$0.2180 Fair Value HK$0.0400 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range HK$0.2180 – HK$2.55 · fair‑value band HK$0.0300 – HK$0.0500 · the HK$0.2180 price screens above the HK$0.0400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

HKE Holdings Limited, together with its subsidiaries, provides integrated design and building services in Hong Kong, Chinese Mainland, Singapore, and Malaysia. It operates through four segments: Engineering Business, FinTech Platform Business, Trading and Asset Management Business, and Others.

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The company offers radiation shielding works for hospitals and clinics, provision of integrated designs and building services, maintenance and other services, installation of mechanical and electrical systems, and sells tools and materials.

It also provides financial technology solutions, including virtual assets trading platforms, digital and alternative assets, brokerage, and listed securities and bond services, as well as blockchain-based technology, custody infrastructure, compliance frameworks, cybersecurity protections, and risk management solutions.

In addition, the company trades in derivatives; offers investment advisory, asset management, research support and hedging services; and investment services. Further, it is involved in the provision of technical support; administrative services; property investment; and software development services.

HKE Holdings Limited was incorporated in 2017 and is headquartered in Central, Hong Kong.

Stock analysis

HKE Holdings (1726) currently trades at HK$0.2180, while our model-based Fair Value estimate is HK$0.0400, 82% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 81/100, which puts the data coverage at low.

Scenario range: HK$0.0300 (bear) to HK$0.0500 (bull), the price of HK$0.2180 sits above 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 40/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

HKE Holdings reported revenue of 19.8M SGD in FY2026 versus 10.0M SGD in FY2022, a compound +18.5%/yr. Reported net income was −12.3M SGD in FY2026.

Key figures

Market cap HK$243M (≈ $31.0M) Micro · P/S ratio 12.6 · Net margin −61.9% · Return on equity −74.8% · Return on assets (EBIT) −30.0% · Operating margin −74.9% · Revenue (TTM) HK$19.7M · Revenue growth (YoY) −26.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 86% below its 52-week high and at its 52-week low.

For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −82%, 1726 screens richer than that median.

Fair Value models

Bear HK$0.0300 Fair Value HK$0.0400 Bull HK$0.0500
Price HK$0.2180 · Downside -81.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0500 55
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0500 55

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 12
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 1
Do the profits arrive as real cash?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 87
Does it invest with discipline instead of growing at any price?
Low Volatility 5
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 43
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−13.9%
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.
+13.7%
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.
+14.0%
Start year 2021 (pandemic). Over 10 years: +7.3% a year
Revenue growth 11 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.
+3.7%
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.
−0.5% (2021) → −59.0% (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
not computed

1726 screens overvalued: fair value 82% below the price. Compare with Quanta Services, Inc →

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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.Engineering & Construction · 789 stocks

Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −81.7% · Bottom 25%
Profitability
Return on assets −27.9% · Bottom 25%
Net margin (12 months) −62.0% · Bottom 25%
Operating margin (12 months) −74.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −26.2% · Bottom 25%
Balance sheet
Debt / equity 0.92× · Highest 25%

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/B 17.62× · Priciest 25%
P/S (12 months) 12.33× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 34
FUTURE (revenue growth)0 · sector 20
PAST (return on equity)0 · sector 29
HEALTH (low debt)54 · sector 94
DIVIDEND (yield)0 · sector 44

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

Context: sector, industry, market

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China State Construction Engineering Corporation 601668 ¥4.65 ¥13.95 +200% vs 1726
Vinci SA DG €112.95 €186.68 +65% vs 1726
Comfort Systems USA, Inc FIX $964.94 $1,122 +16% vs 1726
EMCOR Group EME $595.32 $524.14 −12% vs 1726
ACS, Actividades de Construcción y Servicios, S.A ACS €84.95 €62.21 −27% vs 1726
HOCHTIEF Aktiengesellschaft HOT €346.40 €203.86 −41% vs 1726
Larsen & Toubro Limited LT ₹4,050 ₹2,302 −43% vs 1726
Samsung C&T Corporation 028260 290,500 KRW 159,718 KRW −45% vs 1726
Ferrovial N.V FER $59.23 $23.15 −61% vs 1726
Quanta Services, Inc PWR $509.06 $162.41 −68% vs 1726

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HKE Holdings: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "HKE Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1726.HK

Frequently asked questions

Is HKE Holdings (1726) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of HK$0.0400 versus the last price from Oct 30, 2026 of HK$0.2180, about 82% lower (overvalued).
What is the fair value of 1726?
Our model-based fair value for HKE Holdings is HK$0.0400 (as of Nov 6, 2026), built from audited fundamentals. Last price (from Oct 30, 2026): HK$0.2180.
What is the quality score of 1726?
HKE Holdings has a Quality Score of 40/100. 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 HKE Holdings (1726)?
Our model-based price target is the fair value of HK$0.0400 (as of Nov 6, 2026) from 1 valuation models. Cautious scenario HK$0.0300, optimistic scenario HK$0.0500. It is a calculation from audited fundamentals, not an analyst target.
What is the HKE Holdings stock forecast for 2026?
Our models put fair value at HK$0.0400, about 82% lower versus the last price from Oct 30, 2026 of HK$0.2180 (overvalued). Cautious scenario HK$0.0300, optimistic scenario HK$0.0500. The calculation is refreshed regularly with new filings.
What is the revenue of HKE Holdings (1726)?
HKE Holdings reported trailing-twelve-month revenue of about HK$19.7M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of HKE Holdings (1726)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HKE Holdings it is HK$0.0400 per share (as of Nov 6, 2026), against a price of HK$0.2180. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is HKE Holdings stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 1726 trades above its calculated fair value: price HK$0.2180, fair value HK$0.0400, a gap of about −82% (overvalued). 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 1726?
No. The price is what the market pays today (HK$0.2180); the fair value is what the company's own numbers justify (HK$0.0400). For HKE Holdings the two are HK$0.1780 per share apart. That gap is exactly why we show both numbers side by side.
How much is HKE Holdings worth?
The market values HKE Holdings at about HK$243M (market capitalisation, as of Nov 6, 2026). Per share that is HK$0.2180; our models calculate a fair value of HK$0.0400 per share.
What do the bullish and bearish scenarios say about 1726?
Our models span a range for HKE Holdings: cautious scenario HK$0.0300, base HK$0.0400, optimistic HK$0.0500 per share (as of Nov 6, 2026, price HK$0.2180). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HKE Holdings (1726)?
Balance-sheet figures for HKE Holdings (as of Nov 6, 2026): return on equity −74.8%, debt of 0.92 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 1726 from its 52-week high?
HKE Holdings trades at HK$0.2180, about 86% below its 52-week high of HK$1.60 and at the low of HK$0.2180 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0400 is for.
Which stocks are comparable to HKE Holdings?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 HKE Holdings stock attractive at the current price?
The data as of Nov 6, 2026: price HK$0.2180, calculated fair value HK$0.0400 (−82%), Quality Score 40/100, from 1 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 1726 calculated?
We run HKE Holdings through 1 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$0.0400, 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 15.5% above its aggregate fair value. HKE Holdings itself currently trades above fair value. 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 HKE Holdings (1726)?
The latest price we hold is from Oct 30, 2026 and stands at HK$0.2180. Our model-based fair value is HK$0.0400, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HKE Holdings right now?
The price sits above even our optimistic bull case (HK$0.0500). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of HKE Holdings

How large is the market capitalisation of HKE Holdings (1726)?
The market capitalisation of HKE Holdings is HK$243M (≈ $31.0M). 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 HKE Holdings (1726)?
The price-to-sales ratio of HKE Holdings is 12.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of HKE Holdings (1726)?
The net margin of HKE Holdings is −61.9% (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 HKE Holdings (1726)?
The return on equity (ROE) of HKE Holdings is −74.8% (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 HKE Holdings (1726)?
On an EBIT basis the return on assets of HKE Holdings is −30.0% (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 HKE Holdings (1726)?
The operating margin of HKE Holdings is −74.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HKE Holdings (1726)?
Revenue at HKE Holdings is growing −26.2% versus a year earlier (3y avg +13.7%). 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 HKE Holdings (1726)?
Earnings per share at HKE Holdings are growing −95.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HKE Holdings (1726) generate?
The free cash flow of HKE Holdings is −7.0M SGD (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does HKE Holdings (1726) hold?
HKE Holdings holds more cash than debt, HK$11.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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