CPM Group Ltd (1932) Fair Value & Analysis
Basic Materials · HK · Market cap HK$183M
Fair value as of: Aug 17, 2026
From 1 valuation models · updated today
Share price −16.9% over the past month.
Below-average quality, screening 62% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$0.1800). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (HK$0.1800 to HK$0.3500) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
60‑month range HK$0.1210 – HK$0.4900 · fair‑value band HK$0.1800 – HK$0.3500 · the HK$0.1480 price screens below the HK$0.2400 fair value. Dashed = 300-day average. As of Aug 17, 2026.
Analysis
CPM Group Ltd (1932) currently trades at HK$0.1480, while our model-based Fair Value estimate is HK$0.2400, implying the stock looks roughly 62.2% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials 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: low), always confirm before acting.
Over the trailing twelve months, CPM Group Ltd generated revenue of HK$241M at a net margin of -19.1%. Revenue declined 22.1% year over year. It earns a return on equity of -12.5%. Net debt stands at HK$9.6M. Fundamentals as of Aug 17, 2026
Our scenario range runs from HK$0.1800 (bear case) to HK$0.3500 (bull case); at HK$0.1480, 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 70% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 62%, 1932 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 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 27
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
CPM Group Limited, an investment holding company, manufactures and sells paint and coating products in Hong Kong and the Mainland China. It operates in two segments, Paint Products and Property Investment.
Full company description
CPM Group Limited, an investment holding company, manufactures and sells paint and coating products in Hong Kong and the Mainland China. It operates in two segments, Paint Products and Property Investment. The company offers industrial paint and coating products used in furniture painting, manufacturing and surface finishing for materials used by manufacturers, renovation contractors for property and infrastructure projects, and household users. It also provides architectural paint and coating products for walls, floors, and exterior parts of buildings in commercial and residential properties; and general paint and coating, and ancillary products, such as thinners, enamels, and anti-mold agents and solvent agents for architectural and industrial applications. In addition, the company invests in commercial and industrial properties. The company was founded in 1932 and is based in Wan Chai, Hong Kong. CPM Group Limited operates as a subsidiary of CNT Enterprises Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CPM Group Ltd reported revenue of HK$241M in FY2025 versus HK$843M in FY2021, a compound −26.9%/yr. Reported net income was −HK$46.0M in FY2025.
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Peer Group
Specialty Chemicals · 670 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 Specialty Chemicals 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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $479.43 | $222.03 | -54% |
| Wanhua Chemical Group 600309 | ¥75.06 | ¥68.03 | -9% |
| Novozymes A/S NSISB | kr 416.10 | kr 170.02 | -59% |
| Asian Paints Limited ASIANPAINT | ₹2,756 | ₹664.51 | -76% |
| Solar Industries India Limited SOLARINDS | ₹18,730 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,702 | ₹351.84 | -79% |
| PT Chandra Asri Pacific Tbk TPIA | 2,160 IDR | 2,322 IDR | +8% |
| Berger Paints India Limited BERGEPAINT | ₹559.80 | ₹154.46 | -72% |
| Gujarat Fluorochemicals Limited FLUOROCHEM | ₹4,566 | ₹836.47 | -82% |
| Himadri Speciality Chemical Limited HSCL | ₹778.15 | ₹248.63 | -68% |
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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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