Haitong Unitrust International Financial Leasing Co (1905) Fair Value & Analysis
Financial Services · HK · Market cap HK$5.9B
Fair value as of: Jul 5, 2026
From 13 valuation models · updated 36 days ago
Fair value updated Jul 5, 2026, revised from HK$1.44 to HK$1.46 (+1.4%) since Jul 2, 2026. Share price +4.7% over the past month.
A solid business, screening 88% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$1.24). The market is more pessimistic than our downside scenario.
- Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 5, 2026.
How to read this chart
60‑month range HK$0.2575 – HK$0.8735 · fair‑value band HK$1.24 – HK$2.06 · the HK$0.7750 price screens below the HK$1.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 5, 2026.
Analysis
Haitong Unitrust International Financial Leasing Co (1905) currently trades at HK$0.7750, while our model-based Fair Value estimate is HK$1.46, implying the stock looks roughly 88.4% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Haitong Unitrust International Financial Leasing Co generated revenue of HK$4.1B at a net margin of 32.2%. Revenue declined 16.9% year over year. It earns a return on equity of 6.6%. Net debt stands at HK$74.5B. Fundamentals as of Jul 5, 2026
Our scenario range runs from HK$1.24 (bear case) to HK$2.06 (bull case); at HK$0.7750, the current price sits below 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 10% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 88%, 1905 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.
All 13 models by family
Widest divergence: Earnings-Based (HK$2.85) versus Growth DCF (HK$0.1100). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 56
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
Haitong Unitrust International Financial Leasing Co., Ltd., through its subsidiaries, operates as a financial leasing company in the People's Republic of China. It offers operating leasing services, and commercial factoring business, as well as advisory services; commercial and vehicle financing services; and aircraft leasing services.
Full company description
Haitong Unitrust International Financial Leasing Co., Ltd., through its subsidiaries, operates as a financial leasing company in the People's Republic of China. It offers operating leasing services, and commercial factoring business, as well as advisory services; commercial and vehicle financing services; and aircraft leasing services. The company also engages in financing of aircraft-related business; and PPP project management businesses. In addition, it provides financial leasing and other services to enterprises engaging in cultural education, tourism, and hotel operations. Further, the company offers property management, logistics management, catering management, government outsourcing, and information consulting services. It serves various industries, such as advanced manufacturing, construction, energy and environmental protection, urban utilities, transportation and logistics, culture and tourism, healthcare, and other industries. The company was formerly known as Haitong UniTrust International Leasing Co., Ltd. and changed its name to Haitong Unitrust International Financial Leasing Co., Ltd. in August 2020. Haitong Unitrust International Financial Leasing Co., Ltd. was incorporated in 2004 and is headquartered in Shanghai, the People's Republic of China. Haitong Unitrust International Financial Leasing Co., Ltd. operates as a subsidiary of Haitong UT Capital Group Co., Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Haitong Unitrust International Financial Leasing Co reported revenue of HK$6.9B in FY2025 versus HK$3.3B in FY2021, a compound +20.0%/yr. Reported net income was HK$1.4B in FY2025, compounding −0.4%/yr from FY2021.
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Peer Group
Credit Services · 331 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.
Valuation Multiples vs Credit Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Visa Inc V | $348.97 | $204.19 | -41% |
| Mastercard Incorporated MA | $537.70 | $221.87 | -59% |
| American Express Company AXP | $358.44 | $206.40 | -42% |
| Bajaj Finance Limited BAJFINANCE | ₹1,056 | ₹397.61 | -62% |
| Shriram Finance Limited SHRIRAMFIN | ₹1,024 | ₹553.83 | -46% |
| Cholamandalam Investment and Finance Company CHOLAFIN | ₹1,808 | ₹796.52 | -56% |
| Tata Capital Limited TATACAP | ₹360.60 | ₹229.85 | -36% |
| Power Finance Corporation PFC | ₹405.10 | ₹810.20 | +100% |
| Muthoot Finance Limited MUTHOOTFIN | ₹3,129 | ₹3,463 | +11% |
| Indian Railway Finance Corporation IRFC | ₹88.41 | ₹69.72 | -21% |
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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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