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Standard Development Group Ltd (1867) Fair Value & Analysis

Industrials · HK · Market cap HK$281M

SD Standard Development Group Ltd 1867 · HK
PriceHK$0.2300
Fair ValueHK$0.0400
Upside-82.6%
Quality18/100
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Mixed Growth
Loss-making · -22.4% net margin
Moderate debt · negative free cash flow
Trails peers (2/10)
Narrow moat 9/100
Evidence: Low Range HK$0.0300 – HK$0.0600 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Share price +7.0% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (HK$0.0600). The favourable scenario is already priced in.
  • Weak quality (18/100) 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$0.0300 to HK$0.0600) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.5134 HK$0.0829 Fair Value HK$0.0400 Jan 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$0.0829 – HK$0.5134 · fair‑value band HK$0.0300 – HK$0.0600 · the HK$0.2300 price screens above the HK$0.0400 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Standard Development Group Ltd (1867) currently trades at HK$0.2300, while our model-based Fair Value estimate is HK$0.0400, implying the stock looks roughly 82.6% overvalued today. The Quality Score stands at 18/100 (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: low).

Over the trailing twelve months, Standard Development Group Ltd generated revenue of HK$229M at a net margin of -22.4%. Revenue declined 50.1% year over year. It earns a return on equity of -48.6%. Net debt stands at HK$149M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0300 (bear case) to HK$0.0600 (bull case); at HK$0.2300, 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 25% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -83%, 1867 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
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 50

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Key figures & financial health

Revenue (TTM) HK$229M
Revenue growth (YoY) -50.1%
Net margin -22.4%
Return on equity -48.6%
Free cash flow −HK$90.4M FY2024
Operating margin -24.5%
More key figures
EPS (TTM) HK$-0.0300
EPS growth (YoY) -39.3%
Net debt HK$149M FY2024

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

Quality Score breakdown

Overall quality 18/100

Of which business quality 21 · Market factors (momentum, volatility) 62

Profitability 11
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 49
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

Standard Development Group Limited, an investment holding company, engages in construction and engineering related business in Mainland China and Hong Kong. The company operates through Construction and Engineering Related Business, Petroleum Business, Farming Business, and Bio-Energy Business segments.

Full company description

Standard Development Group Limited, an investment holding company, engages in construction and engineering related business in Mainland China and Hong Kong. The company operates through Construction and Engineering Related Business, Petroleum Business, Farming Business, and Bio-Energy Business segments. It provides interior design services, sales and construction consumables, and other related services. The company is involved in trading of petroleum; plantation, sale of agricultural produce, agricultural consumables and grain oil, farmland leasing, and other related business; collection of organic wastages; and production of renewable energy such as biogas. It serves contractors, landlords, and property developers, as well as trading business companies. The company was formerly known as LKS Holding Group Limited and changed its name to Standard Development Group Limited in September 2021. Standard Development Group Limited was incorporated in 2016 and is headquartered in Sheung Wan, Hong Kong. Standard Development Group Limited operates as a subsidiary of FUJINCHENG INVESTMENT HOLDINGS CO., LTD.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Standard Development Group Ltd reported revenue of HK$301M in FY2024 versus HK$296M in FY2020, a compound +0.4%/yr. Reported net income was −HK$50.0M in FY2024.

Growth Quality 0/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
HK$301M
Latest YoY
−38.5%
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.
−0.6%
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.
+3.7%
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.
+8.4%
Revenue +0.4%/yr
FY20 HK$296M
FY21 HK$307M
FY22 HK$661M
FY23 HK$490M
FY24 HK$301M
Net income
FY20 HK$1.0M
FY21 −HK$21.0M
FY22 −HK$8.8M
FY23 −HK$19.9M
FY24 −HK$50.0M

1867 screens 83% overvalued. Compare with Verisk Analytics, Inc →

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Cite: Fair Value Calculator (2026). "Standard Development Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1867

Peer Group

Consulting Services · 85 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 21 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -22% · Bottom 25%
Operating margin (TTM) -25% · Bottom 25%
Revenue growth -50% · Bottom 25%
Debt / equity 1.14× · Higher than 75% of peers

Valuation Multiples vs Consulting Services median · lower = cheaper

P/B 0.38× · Cheaper than 75% of peers
P/S (TTM) 0.16× · 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 0 · sector 17
FUTURE 0 · sector 11
PAST 0 · sector 38
HEALTH 43 · sector 89
DIVIDEND 0 · sector 52

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.

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FTI Consulting, Inc FCN $152.68 $168.44 +10%
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Frequently asked questions

Is Standard Development Group Ltd (1867) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0400 versus a price of HK$0.2300, about −83% (overvalued).
What is the fair value of 1867?
Our model-based fair value for Standard Development Group Ltd is HK$0.0400 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2300.
What is the quality score of 1867?
Standard Development Group Ltd has a Quality Score of 18/100. 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 Standard Development Group Ltd (1867)?
Standard Development Group Ltd reported trailing-twelve-month revenue of about HK$229M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1867?
The net profit margin of Standard Development Group Ltd is about -22.4%, meaning it is currently running at a net loss. 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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