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Jiachen Holding Group Ltd (1937) Fair Value & Analysis

Industrials · HK · Market cap HK$130M

JH Jiachen Holding Group Ltd 1937 · HK
PriceHK$0.1550
Fair ValueHK$0.1200
Upside-22.6%
Quality55/100
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Weak Growth
Thin margins · 2.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 26/100
Evidence: High Range HK$0.1100 – HK$0.1200 Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 3 days ago

Share price +7.6% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1200). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (HK$0.1100 to HK$0.1200), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$1.55 HK$0.1020 Fair Value HK$0.1200 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$0.1020 – HK$1.55 · fair‑value band HK$0.1100 – HK$0.1200 · the HK$0.1550 price screens above the HK$0.1200 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jiachen Holding Group Ltd (1937) currently trades at HK$0.1550, while our model-based Fair Value estimate is HK$0.1200, implying the stock looks roughly 22.6% overvalued today. The Quality Score stands at 55/100 (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, Jiachen Holding Group Ltd generated revenue of HK$190M at a net margin of 2.0%. Revenue declined 27.3% year over year. It earns a return on equity of 1.2%. Net debt stands at HK$6.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1100 (bear case) to HK$0.1200 (bull case); at HK$0.1550, 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 54% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at -23%, 1937 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
Growth DCF HK$0.2900 HK$0.3500 HK$0.4300 80
Rev-Margin DCF HK$0.1900 HK$0.2300 HK$0.2700 74
ROIC Compounder HK$0.1000 HK$0.1000 HK$0.1100 72
All 21 models by family
DCF Models
FCF DCF HK$0.2800 HK$0.3400 HK$0.4400 38
5Y Revenue Exit HK$0.1900 HK$0.2200 HK$0.2600 39
5Y EBITDA Exit HK$0.2200 HK$0.2600 HK$0.3200 41
5Y P/E Exit HK$0.1900 HK$0.2200 HK$0.2500 38
10Y Revenue Exit HK$0.2300 HK$0.2600 HK$0.2800 36
10Y EBITDA Exit HK$0.2500 HK$0.2800 HK$0.3100 37
10Y P/E Exit HK$0.2400 HK$0.2600 HK$0.2700 35
Earnings-Based
Graham-Dodd HK$0.0300 HK$0.0300 HK$0.0400 54
EPV HK$0.1000 HK$0.1000 HK$0.1100 59
Multiples
P/E Multiple HK$0.0600 HK$0.0800 HK$0.1000 63
P/S Multiple HK$0.0500 HK$0.0600 HK$0.0800 58
P/B Multiple HK$0.0500 HK$0.0600 HK$0.0800 55
EV/EBIT HK$0.1400 HK$0.1600 HK$0.1900 53
EV/EBITDA HK$0.1700 HK$0.2100 HK$0.2500 54
EV/Revenue HK$0.1200 HK$0.1400 HK$0.1600 43
Asset-Based
NCAV (Graham) HK$0.1600 HK$0.2200 HK$0.3300 50
Growth DCF
Growth DCF HK$0.2900 HK$0.3500 HK$0.4300 80
Rev-Margin DCF HK$0.1900 HK$0.2300 HK$0.2700 74
Economic Profit
Residual Income HK$0.2000 HK$0.1800 HK$0.1100 61
ROIC Compounder HK$0.1000 HK$0.1000 HK$0.1100 72
Growth Earnings
Growth-Adj P/E HK$0.0400 HK$0.0600 HK$0.0800 68

Widest divergence: DCF Models (HK$0.2600) versus Earnings-Based (HK$0.0300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$190M
Revenue growth (YoY) -27.3%
Net margin 2.0%
Return on equity 1.2%
Free cash flow HK$31.2M FY2025
Operating margin 4.8%
More key figures
EPS growth (YoY) +66.5%
Net debt HK$6.1M FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 15

Profitability 20
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
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

JiaChen Holding Group Limited, an investment holding company, engages in the manufacture and sale of access flooring products in the People's Republic of China, Hong Kong, the United Arab Emirates, Uzbekistan, Taiwan, and Singapore. The company operates through two segments, Steel Access Flooring Plates and Calcium-Sulfate Access Flooring Plates.

Full company description

JiaChen Holding Group Limited, an investment holding company, engages in the manufacture and sale of access flooring products in the People's Republic of China, Hong Kong, the United Arab Emirates, Uzbekistan, Taiwan, and Singapore. The company operates through two segments, Steel Access Flooring Plates and Calcium-Sulfate Access Flooring Plates. It offers steel and calcium sulfate access flooring plates for use in office buildings, industrial office buildings, data centers, classrooms, libraries, etc.; and provides related installation services. The company was founded in 1991 and is headquartered in Changzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiachen Holding Group Ltd reported revenue of HK$190M in FY2025 versus HK$275M in FY2021, a compound −8.9%/yr. Reported net income was HK$3.8M in FY2025, compounding −37.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$190M
Latest YoY
−26.4%
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.
−5.8%
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.
+0.8%
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.
+1.9%
Revenue −8.9%/yr
FY21 HK$275M
FY22 HK$227M
FY23 HK$235M
FY24 HK$258M
FY25 HK$190M
Net income −37.3%/yr
FY21 HK$24.5M
FY22 HK$10.7M
FY23 HK$5.9M
FY24 HK$11.9M
FY25 HK$3.8M

1937 screens 23% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Jiachen Holding Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1937

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 55 · Below median
Fair Value upside −23% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -27% · Bottom 25%

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

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 0.5× · 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 3 · sector 0
FUTURE 0 · sector 11
PAST 5 · sector 23
HEALTH 100 · sector 94
DIVIDEND 0 · sector 41

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 Jiachen Holding Group Ltd (1937) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1200 versus a price of HK$0.1550, about −23% (overvalued).
What is the fair value of 1937?
Our model-based fair value for Jiachen Holding Group Ltd is HK$0.1200 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1550.
What is the quality score of 1937?
Jiachen Holding Group Ltd has a Quality Score of 55/100. 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 Jiachen Holding Group Ltd (1937)?
Jiachen Holding Group Ltd reported trailing-twelve-month revenue of about HK$190M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1937?
The net profit margin of Jiachen Holding Group Ltd is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. 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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