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Kingboard Laminates Holdings (1888) Fair Value & Analysis

Technology · HK · Market cap HK$264B

KL Kingboard Laminates Holdings 1888 · HK
PriceHK$29.14
Fair ValueHK$10.23
Upside-64.9%
Quality58/100
Expensive Growth
Solidly profitable · 12.0% net margin
Low debt · negative free cash flow
0.40% dividend yield
Mixed vs. peers (8/14)
Moderate moat 55/100
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Evidence: High Range HK$5.27 – HK$15.23 Share as image

Fair value as of: Jul 2, 2026

From 16 valuation models · updated 28 days ago

Share price −70.6% over the past month.

What matters now

  • The price sits above even our optimistic bull case (HK$15.23). The favourable scenario is already priced in.
  • The model range is unusually wide (HK$5.27 to HK$15.23). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (12 months)

HK$104.20 HK$9.67 Fair Value HK$10.23 Jul 2025 Jul 2026

12‑month range HK$9.67 – HK$104.20 · fair‑value band HK$5.27 – HK$15.23 · the HK$29.14 price screens above the HK$10.23 fair value. As of Jul 2, 2026.

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Analysis

Kingboard Laminates Holdings (1888) currently trades at HK$29.14, while our model-based Fair Value estimate is HK$10.23, implying the stock looks roughly 64.9% overvalued today. We read business quality at 58/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, Kingboard Laminates Holdings generated revenue of HK$20.4B at a net margin of 12.0%. Revenue grew 9.2% year over year. It earns a return on equity of 15.4%. Net debt stands at HK$3.0B. Fundamentals as of Jul 2, 2026

Our scenario range runs from HK$5.27 (bear case) to HK$15.23 (bull case); at HK$29.14, the current price sits above that range. The share trades about 73% below its 52-week high and 218% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -70% fair-value upside, at -65%, 1888 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) HK$20.4B
Revenue growth (YoY) +9.2%
Net margin 12.0%
Return on equity 15.4%
Free cash flow −HK$74.8M FY2025
P/E ratio 107.4
More key figures
Operating margin 14.3%
EPS (TTM) HK$0.3000
Dividend yield 0.4%
EPS growth (YoY) +151%
Net debt HK$3.0B FY2025

Figures from reported company fundamentals · as of Jul 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100
Profitability 52
Quality Growth 65
Cashflow 12
Fin. Strength 76
Investment 85
Low Volatility 8
Momentum 77
52W Momentum 60
Net Issuance 79

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

Kingboard Laminates Holdings Limited, an investment holding company, engages in the manufacture and sale of laminates in the People's Republic of China, Europe, other Asian countries, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy and paper laminates.

Full company description

Kingboard Laminates Holdings Limited, an investment holding company, engages in the manufacture and sale of laminates in the People's Republic of China, Europe, other Asian countries, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy and paper laminates. It also provides upstream component materials, such as copper foils, glass yarns, glass fabrics, bleached kraft papers, epoxy resins, kraft papers for copper-clad laminates, and PVB. In addition, it sells and rents properties; trades in copper; and provides hotel accommodation services. Further, the company manufactures and distributes chemicals; electronic special materials; and specialty resins. Its investment property portfolio comprises commercial, residential, and industrial properties. The company was founded in 1988 and is headquartered in Sha Tin, Hong Kong. Kingboard Laminates Holdings Limited operates as a subsidiary of Jamplan (BVI) Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kingboard Laminates Holdings reported revenue of HK$20.4B in FY2025 versus HK$28.8B in FY2021, a compound −8.3%/yr. Reported net income was HK$2.4B in FY2025, compounding −22.5%/yr from FY2021.

Revenue −8.3%/yr
FY21 HK$28.8B
FY22 HK$22.4B
FY23 HK$16.8B
FY24 HK$18.5B
FY25 HK$20.4B
Net income −22.5%/yr
FY21 HK$6.8B
FY22 HK$1.9B
FY23 HK$907M
FY24 HK$1.3B
FY25 HK$2.4B

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Cite: Fair Value Calculator (2026). "Kingboard Laminates Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1888

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

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 / 0
FUTURE 46 / 38
PAST 62 / 22
HEALTH 98 / 95
DIVIDEND 8 / 21

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock Price Fair Value vs Fair Value
Hon Hai Precision Industry Co HHPD $0.1720 $0.1100 -36%
Amphenol Corporation A1PH34 R$438.88 R$50.16 -89%
Delta Electronics, Inc 2308 2,160 TWD 774.60 TWD -64%
Luxshare Precision Industry Co 002475 ¥68.40 ¥21.32 -69%
Samsung Electro-Mechanics Co 009150 1,000,000 KRW 169,192 KRW -83%
Elite Material Co 2383 4,885 TWD 809.92 TWD -83%
Yageo Corporation 2327 842.00 TWD 190.92 TWD -77%
Shengyi Technology Co 600183 ¥137.36 ¥41.21 -70%
Shennan Circuits Co 002916 ¥383.06 ¥93.50 -76%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%

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Frequently asked questions

Is Kingboard Laminates Holdings (1888) overvalued or undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$10.23 versus a price of HK$29.14, about −65% (overvalued).
What is the fair value of 1888?
Our model-based fair value for Kingboard Laminates Holdings is HK$10.23 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$29.14.
What is the quality score of 1888?
Kingboard Laminates Holdings has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kingboard Laminates Holdings (1888)?
Kingboard Laminates Holdings reported trailing-twelve-month revenue of about HK$20.4B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 1888?
The net profit margin of Kingboard Laminates Holdings is about 12.0%, meaning it keeps roughly 12.0% of revenue as net income. Based on the latest reported figures.
Does Kingboard Laminates Holdings pay a dividend?
Kingboard Laminates Holdings currently shows a dividend yield of about 0.40% relative to its recent price (as of Jul 2, 2026).

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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