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Million Hope Industries Holdings Ltd (1897) Fair Value & Analysis

Industrials · HK · Market cap HK$180M

MH Million Hope Industries Holdings Ltd 1897 · HK
PriceHK$0.5000
Fair ValueHK$0.3100
Upside-38.0%
Quality61/100
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Healthy Growth
Thin margins · 1.9% net margin
generates free cash flow
2.02% dividend yield
Mixed vs. peers (6/13)
Narrow moat 16/100
Evidence: High Range HK$0.2300 – HK$0.3900 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price +12.4% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.3900). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$0.6842 HK$0.3042 Fair Value HK$0.3100 Mar 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$0.3042 – HK$0.6842 · fair‑value band HK$0.2300 – HK$0.3900 · the HK$0.5000 price screens above the HK$0.3100 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Million Hope Industries Holdings Ltd (1897) currently trades at HK$0.5000, while our model-based Fair Value estimate is HK$0.3100, implying the stock looks roughly 38.0% overvalued today. The Quality Score stands at 61/100 (solid 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: high).

Over the trailing twelve months, Million Hope Industries Holdings Ltd generated revenue of HK$320M at a net margin of 1.9%. Revenue grew 25.6% year over year. It earns a return on equity of 1.1%. The balance sheet holds a net cash position of HK$136M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2300 (bear case) to HK$0.3900 (bull case); at HK$0.5000, 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 9% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at -38%, 1897 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$0.8100 HK$0.7500 HK$0.4700 76
Growth DCF HK$0.9100 HK$1.04 HK$1.25 72
Gordon GGM HK$0.1600 HK$0.1700 HK$0.1800 70
All 24 models by family
DCF Models
FCF DCF HK$0.8900 HK$1.04 HK$1.27 38
Owner Earnings HK$0.5600 HK$0.6200 HK$0.7200 31
5Y Revenue Exit HK$0.6300 HK$0.6600 HK$0.7100 39
5Y EBITDA Exit HK$0.7100 HK$0.8000 HK$0.9300 41
5Y P/E Exit HK$0.7100 HK$0.8000 HK$0.9200 38
10Y Revenue Exit HK$0.7500 HK$0.7900 HK$0.8200 36
10Y EBITDA Exit HK$0.7900 HK$0.8600 HK$0.9200 37
10Y P/E Exit HK$0.7900 HK$0.8600 HK$0.9200 35
Earnings-Based
Graham-Dodd HK$0.1000 HK$0.1200 HK$0.1400 54
EPV HK$0.3700 HK$0.3800 HK$0.3800 59
Dividend Discount
Gordon GGM HK$0.1600 HK$0.1700 HK$0.1800 70
DDM Multi-Stage HK$0.1600 HK$0.1800 HK$0.2100 61
Multiples
P/E Multiple HK$0.2300 HK$0.3100 HK$0.3900 63
P/S Multiple HK$0.1900 HK$0.2500 HK$0.3100 58
P/B Multiple HK$0.1900 HK$0.2500 HK$0.3100 55
EV/EBIT HK$0.4100 HK$0.4300 HK$0.4600 53
EV/EBITDA HK$0.5700 HK$0.6500 HK$0.7300 54
EV/Revenue HK$0.3900 HK$0.4100 HK$0.4300 43
Asset-Based
NCAV (Graham) HK$0.6500 HK$0.8800 HK$1.31 50
Growth DCF
Growth DCF HK$0.9100 HK$1.04 HK$1.25 72
Rev-Margin DCF HK$0.6300 HK$0.6800 HK$0.7500 67
Economic Profit
Residual Income HK$0.8100 HK$0.7500 HK$0.4700 76
ROIC Compounder HK$0.3700 HK$0.3800 HK$0.3800 67
Growth Earnings
Growth-Adj P/E HK$0.1600 HK$0.2400 HK$0.3100 68

Widest divergence: Asset-Based (HK$0.8800) versus Earnings-Based (HK$0.1200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$320M
Revenue growth (YoY) +25.6%
Net margin 1.9%
Return on equity 1.1%
Free cash flow HK$31.0M FY2025
P/E ratio 44.5 as of Jul 2, 2026
More key figures
Operating margin 0.4%
Dividend yield 2.0%
EPS growth (YoY) +119%
Net cash HK$136M FY2026

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 59

Profitability 20
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 91
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

Million Hope Industries Holdings Limited, an investment holding company, engages in the design, supply, and installation of facades and curtain wall systems primarily in Hong Kong and Mainland China. It offers curtain walls, aluminum windows and doors, louvres, balustrade, claddings, window wall, canopy, and grille to contractors and property developers.

Full company description

Million Hope Industries Holdings Limited, an investment holding company, engages in the design, supply, and installation of facades and curtain wall systems primarily in Hong Kong and Mainland China. It offers curtain walls, aluminum windows and doors, louvres, balustrade, claddings, window wall, canopy, and grille to contractors and property developers. Million Hope Industries Holdings Limited invests in properties. The company was founded in 1990 and is headquartered in Sha Tin, Hong Kong.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Million Hope Industries Holdings Ltd reported revenue of HK$320M in FY2026 versus HK$718M in FY2022, a compound −18.3%/yr. Reported net income was HK$6.0M in FY2026, compounding −29.8%/yr from FY2022.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
HK$320M
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.
−16.9%
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.
+6.6%
Avg. 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.
+1.3%
Revenue −18.3%/yr
FY22 HK$718M
FY23 HK$607M
FY24 HK$604M
FY25 HK$412M
FY26 HK$320M
Net income −29.8%/yr
FY22 HK$24.6M
FY23 HK$12.1M
FY24 HK$11.5M
FY25 HK$9.1M
FY26 HK$6.0M
Character of growth · EPS growth decomposed (2016-2026) −16.5 % p.a.
Revenue per share +0.9 pp

of which total revenue +0.3 pp · buybacks/dilution +0.6 pp

EBIT margin −19.0 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +1.5 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).

1897 screens 38% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Million Hope Industries Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1897

Peer Group

Building Products & Equipment · 245 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 61 · Above median
Fair Value upside −38% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 26% · Top 25%
Dividend yield (TTM) 2.0% · Below median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 44.5× · Pricier than 75% of peers
P/B 0.34× · Cheaper than 75% of peers
P/S (TTM) 0.56× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 6.5× · Cheaper than median

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 0
FUTURE 100 · sector 11
PAST 5 · sector 23
HEALTH 0 · sector 94
DIVIDEND 40 · sector 41

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.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $483.96 $208.50 -57%
Johnson Controls International plc JCI $152.79 $44.75 -71%
Carrier Global Corporation CARR $63.08 $16.85 -73%
Compagnie de Saint-Gobain S.A SGO €84.24 €97.97 +16%
PT Impack Pratama Industri Tbk, IMPC 1,405 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 38.91 kr 25.37 -35%
Beijing New Building Materials Public Limited 000786 ¥18.73 ¥31.73 +69%
Moon Environment Technology Co 000811 ¥42.22 ¥11.94 -72%
The Supreme Industries Limited SUPREMEIND ₹3,460 ₹1,376 -60%
Aditya Infotech Limited CPPLUS ₹3,899 ₹763.08 -80%

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Frequently asked questions

Is Million Hope Industries Holdings Ltd (1897) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.3100 versus a price of HK$0.5000, about −38% (overvalued).
What is the fair value of 1897?
Our model-based fair value for Million Hope Industries Holdings Ltd is HK$0.3100 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.5000.
What is the quality score of 1897?
Million Hope Industries Holdings Ltd has a Quality Score of 61/100. 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 Million Hope Industries Holdings Ltd (1897)?
Million Hope Industries Holdings Ltd reported trailing-twelve-month revenue of about HK$320M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1897?
The net profit margin of Million Hope Industries Holdings Ltd is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.
Does Million Hope Industries Holdings Ltd pay a dividend?
Million Hope Industries Holdings Ltd currently shows a dividend yield of about 2.02% relative to its recent price (as of Aug 13, 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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