EN DE

Trendzon Holdings Group Ltd (1865) Fair Value & Analysis

Industrials · HK · Market cap HK$669M (≈ $85.3M) · ISIN KYG9031S1057

What is Trendzon Holdings Group Ltd really worth?

TH Trendzon Holdings Group Ltd 1865 · HK
PriceHK$0.3900
Fair ValueHK$0.0400
Upside−89.7%
Quality36/100

Below-average quality, and trading another 875% above our fair value of HK$0.0400.

Watch Trendzon Holdings Group Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Risks

!Expensive Growth (revenue 5y +16.7 %/yr)
!Loss-making · -17.9% net margin
!Low debt · negative free cash flow
!Trails peers (3/11)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range HK$0.0200 – HK$0.0500

Fair value as of: Sep 5, 2026

From 1 valuation models · updated today

Share price −6.0% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (HK$0.0500). The favourable scenario is already priced in.
  • Weak quality (36/100) 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.
  • A fairly wide model range (HK$0.0200 to HK$0.0500) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

HK$1.36 HK$0.0163 Fair Value HK$0.0400 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range HK$0.0163 – HK$1.36 · fair‑value band HK$0.0200 – HK$0.0500 · the HK$0.3900 price screens above the HK$0.0400 fair value. Dashed = 300-day average. As of Sep 5, 2026.

Full chart & analysis →

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

Analysis

Trendzon Holdings Group Ltd (1865) currently trades at HK$0.3900, while our model-based Fair Value estimate is HK$0.0400, implying the stock looks roughly 874.7% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Industrials sector. How firm this estimate is: it rests on 1 models at a data quality of 87/100, which puts the evidence level at low.

Over the trailing twelve months, Trendzon Holdings Group Ltd generated revenue of HK$58.0M at a net margin of −17.9%. Revenue declined 4.3% year over year. It earns a return on equity of −13.4%. Net debt stands at HK$17.7M. Fundamentals as of Sep 5, 2026

Our scenario range runs from HK$0.0200 (bear case) to HK$0.0500 (bull case); at HK$0.3900, 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 40% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −90%, 1865 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
NCAV (Graham) best evidence HK$0.0300 HK$0.0400 HK$0.0600 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence HK$0.0300 HK$0.0400 HK$0.0600 54

Notify me when 1865 reaches fair value

Put 1865 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 3.1 as of Jul 2, 2026
P/S ratio 11.5 TTM
EPS (TTM) HK$−0.0100 price ÷ EPS = P/E 3.1
Net margin −21.8% FY2025
Return on equity −13.4% TTM
Return on assets (EBIT) −1.1% avg 5y
More key figures
Profitability
Operating margin −30.8% TTM
Growth
Revenue (TTM) HK$58.0M TTM
Revenue growth (YoY) −4.3% 3y avg 0.0%
EPS growth (YoY) +56.5%
Balance sheet & cash flow
Free cash flow −HK$17.8M FY2025
Net debt HK$17.7M FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 39 · Market factors (momentum, volatility) 56

Profitability 8
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 60
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Pengo Holdings Group Limited, an investment holding company, provides infrastructural pipeline construction and related engineering services for gas, water, telecommunications, and power industries in Singapore and the People's Republic of China. It operates in two segments, Construction Contracts and Engineering Services, and Trading of Building Materials.

Full company description

Pengo Holdings Group Limited, an investment holding company, provides infrastructural pipeline construction and related engineering services for gas, water, telecommunications, and power industries in Singapore and the People's Republic of China. It operates in two segments, Construction Contracts and Engineering Services, and Trading of Building Materials. The company also engages in the money lending business; and provides engineering management and development consultation services, as well as offers infrastructural water and electricity pipeline construction and related engineering services. It serves government agencies and private companies. The company was formerly known as Trendzon Holdings Group Limited and changed its name to Pengo Holdings Group Limited in April 2025. The company was founded in 1996 and is headquartered in Kwun Tong, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trendzon Holdings Group Ltd reported revenue of HK$59.1M in FY2025 versus HK$43.5M in FY2021, a compound +8.0%/yr. Reported net income was −HK$12.9M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$59.1M
Latest YoY
−0.1%
Avg. revenue 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.
+0.0%
Avg. revenue 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.
+16.7%
Avg. revenue 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.
+8.0%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +8.0%/yr
FY21 HK$43.5M
FY22 HK$59.1M
FY23 HK$60.1M
FY24 HK$59.1M
FY25 HK$59.1M
Net income
FY21 HK$3.3M
FY22 HK$1.0M
FY23 −HK$2.1M
FY24 −HK$12.0M
FY25 −HK$12.9M

1865 screens 875% overvalued. Compare with Quanta Services, Inc →

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.

Cite: Fair Value Calculator (2026). "Trendzon Holdings Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1865

Peer Group

Engineering & Construction · 817 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 39 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Return on assets −5% · Bottom 25%
Net margin (TTM) −18% · Bottom 25%
Operating margin (TTM) −31% · Bottom 25%
Revenue growth −4% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 3.1× · Cheaper than 75% of peers
P/B 1.13× · Cheaper than median
P/S (TTM) 1.47× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE0 · sector 12
PAST0 · sector 26
HEALTH98 · sector 94
DIVIDEND0 · sector 39

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $620.06 $143.92 −77%
Vinci SA DG €114.35 €185.62 +62%
Comfort Systems USA, Inc FIX $1,615 $519.97 −68%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 −46%
Ferrovial N.V FER €57.28 €19.17 −67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 −52%
Samsung C&T Corporation 028260 373,000 KRW 261,411 KRW −30%
EMCOR Group EME $775.04 $549.47 −29%
MasTec, Inc MTZ $241.00 $100.00 −59%
Bouygues SA EN €46.65 €65.67 +41%

Compare Trendzon Holdings Group 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

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Trendzon Holdings Group Ltd (1865) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of HK$0.0400 versus a price of HK$0.3900, about −90% upside (overvalued).
What is the fair value of 1865?
Our model-based fair value for Trendzon Holdings Group Ltd is HK$0.0400 (as of Sep 5, 2026), built from audited fundamentals. The current price: HK$0.3900.
What is the quality score of 1865?
Trendzon Holdings Group Ltd has a Quality Score of 36/100. 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 Trendzon Holdings Group Ltd (1865)?
Trendzon Holdings Group Ltd reported trailing-twelve-month revenue of about HK$58.0M (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 1865?
The net profit margin of Trendzon Holdings Group Ltd is about −17.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Free · no account needed

Watch Trendzon Holdings Group Ltd in the live analysis

One click puts Trendzon Holdings Group Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.