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Silver Tide Holdings Ltd (1943) fair value: what the stock is really worth

As of Oct 26, 2026: fair value (intrinsic value) of Silver Tide Holdings Ltd stock HK$1.56, price HK$1.45, upside +8.0%, quality 54 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Basic Materials · HK · ISIN KYG8136F1090

ST Silver Tide Holdings Ltd logo Thin data Oct 26, 2026

Silver Tide Holdings Ltd

1943 · HK

NeutralThe stock looks roughly fairly valued with average quality.

The stock costs about what our calculation considers fair.

Fair value HK$1.56 · Fairly valued (+8.0%)
Quality 54/100
Mixed Growth (revenue 5y +4.9 %/yr in HKD)
Loss-making · -2.6% net margin (TTM)
Negative free cash flow
Trails peers (3/9)
Narrow moat 16/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$1.49 HK$0.0600 Fair Value HK$1.56 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.

How to read this chart

60‑month range HK$0.0600 – HK$1.49 · fair‑value band HK$0.9404 – HK$1.88 · the HK$1.45 price screens below the HK$1.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.

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Company profile

King's Stone Holdings Group Limited, an investment holding company, provides construction services for the public and private sectors in Hong Kong.

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The company operates as a subcontractor primarily providing construction services, including traditional formwork using timber and plywood; system formwork using aluminum and steel; and ancillary works, such as concrete works and reinforcement works.

It also undertakes other construction works, comprising plastering and A&A works; and other miscellaneous works, such as reinforcement bar fixing and concrete placing.

The company was formerly known as Silver Tide Holdings Limited and changed its name to King's Stone Holdings Group Limited in September 2024. King's Stone Holdings Group Limited was founded in 1990 and is headquartered in Wan Chai, Hong Kong.

King's Stone Holdings Group Limited is a subsidiary of Jianeng Era International Trading Co., Limited.

Stock analysis

Silver Tide Holdings Ltd (1943) currently trades at HK$1.45, while our model-based Fair Value estimate is HK$1.56, so the stock looks roughly fairly valued today (gap 7.4%).

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: HK$0.9404 (bear) to HK$1.88 (bull), the price of HK$1.45 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Silver Tide Holdings Ltd reported revenue of HK$556M in FY2026 versus HK$340M in FY2022, a compound +13.1%/yr. Reported net income was −HK$14.6M in FY2026.

Key figures

Market cap HK$1.5B (≈ $187M) Micro · P/S ratio 2.47 · EPS (TTM) HK$−0.0200 · Net margin −2.6% · Return on equity −13.3% · Return on assets (EBIT) −17.0% · Operating margin 2.8% · Revenue (TTM) HK$556M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 3% below its 52-week high and 204% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 8%, 1943 screens cheaper than that median.

Fair Value models

Bear HK$0.9404 Fair Value HK$1.56 Bull HK$1.88
Price HK$1.45 · Upside +8.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) HK$0.0600 HK$0.1000 HK$0.1200 52
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.0600 HK$0.1000 HK$0.1200 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 54/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 19
How much profit the company makes from its sales and capital
Quality Growth 80
Are margins and returns getting better?
Cashflow 50
Do the profits arrive as real cash?
Financial strength 57
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 27
How calm the share price moves, does not count
Momentum 93
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 98
Distance to the 52-week high, does not count
New shares 73
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 15/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
Start year 2021 (pandemic). Over 10 years: +10.8% a year
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−0.1% (2021) → −2.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Peer Groupⓘ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.Building Materials · 255 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Above median
Fair Value upside +8.0% · Above median
Profitability
Return on assets −2.6% · Bottom 25%
Net margin (12 months) −2.6% · Bottom 25%
Operating margin (12 months) 2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) 27.0% · Top 25%

Valuation Multiplesvs Building Materials median · lower = cheaper

P/B 12.72× · Priciest 25%
P/S (12 months) 2.63× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)44 · sector 36
FUTURE (revenue growth)100 · sector 10
PAST (return on equity)0 · sector 17
HEALTH (low debt)0 · sector 92
DIVIDEND (yield)0 · sector 47

Context: sector, industry, market

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

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Anhui Conch Cement Company 600585 ¥18.20 ¥28.02 +54% vs 1943
Amrize AG AMRZ $38.80 $35.08 −10% vs 1943
CRH plc CRH $86.03 $75.08 −13% vs 1943
China Jushi Co 600176 ¥34.59 ¥28.04 −19% vs 1943
Holcim AG HOLN CHF 66.80 CHF 35.29 −47% vs 1943
Vulcan Materials Company VMC $264.64 $131.66 −50% vs 1943
UltraTech Cement Limited ULTRACEMCO ₹10,849 ₹4,721 −56% vs 1943
Grasim Industries Limited GRASIM ₹2,889 ₹1,245 −57% vs 1943
Martin Marietta Materials, Inc MLM $509.02 $209.33 −59% vs 1943
James Hardie Industries plc JHX A$36.85 A$7.89 −79% vs 1943

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Silver Tide Holdings Ltd · Fair Value
HK$1.56 +7%Fair Value
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Cite: Fair Value Calculator (2026). "Silver Tide Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1943

Frequently asked questions

Is Silver Tide Holdings Ltd (1943) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of HK$1.56 versus a price of HK$1.45, about +8% upside (fairly valued).
What is the fair value of 1943?
Our model-based fair value for Silver Tide Holdings Ltd is HK$1.56 (as of Oct 26, 2026), built from audited fundamentals. The current price: HK$1.45.
What is the quality score of 1943?
Silver Tide Holdings Ltd has a Quality Score of 54/100. 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 price target for Silver Tide Holdings Ltd (1943)?
Our model-based price target is the fair value of HK$1.56 (as of Oct 26, 2026) from 1 valuation models. Cautious scenario HK$0.9404, optimistic scenario HK$1.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Silver Tide Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$1.56, about +8% upside versus a price of HK$1.45 (fairly valued). Cautious scenario HK$0.9404, optimistic scenario HK$1.88. The calculation is refreshed regularly with new filings.
What is the revenue of Silver Tide Holdings Ltd (1943)?
Silver Tide Holdings Ltd reported trailing-twelve-month revenue of about HK$556M (latest available figure, as of Oct 26, 2026).
What is the intrinsic value of Silver Tide Holdings Ltd (1943)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Silver Tide Holdings Ltd it is HK$1.56 per share (as of Oct 26, 2026), against a price of HK$1.45. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Silver Tide Holdings Ltd stock overvalued or undervalued in 2026?
As of Oct 26, 2026, 1943 trades below its calculated fair value: price HK$1.45, fair value HK$1.56, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1943?
No. The price is what the market pays today (HK$1.45); the fair value is what the company's own numbers justify (HK$1.56). For Silver Tide Holdings Ltd the two are HK$0.1160 per share apart. That gap is exactly why we show both numbers side by side.
How much is Silver Tide Holdings Ltd worth?
The market values Silver Tide Holdings Ltd at about HK$1.5B (market capitalisation, as of Oct 26, 2026). Per share that is HK$1.45; our models calculate a fair value of HK$1.56 per share.
What do the bullish and bearish scenarios say about 1943?
Our models span a range for Silver Tide Holdings Ltd: cautious scenario HK$0.9404, base HK$1.56, optimistic HK$1.88 per share (as of Oct 26, 2026, price HK$1.45). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Silver Tide Holdings Ltd (1943)?
Balance-sheet figures for Silver Tide Holdings Ltd (as of Oct 26, 2026): return on equity −13.3%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 1943 from its 52-week high?
Silver Tide Holdings Ltd trades at HK$1.45, about 3% below its 52-week high of HK$1.49 and 204% above the low of HK$0.4750 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.56 is for.
Which stocks are comparable to Silver Tide Holdings Ltd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Silver Tide Holdings Ltd stock attractive at the current price?
The data as of Oct 26, 2026: price HK$1.45, calculated fair value HK$1.56 (+8%), Quality Score 54/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1943 calculated?
We run Silver Tide Holdings Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$1.56, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.7 % above its aggregate fair value. Silver Tide Holdings Ltd currently trades 7 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Silver Tide Holdings Ltd (1943)?
The closing price on Oct 26, 2026 was HK$1.45. Our model-based fair value is HK$1.56, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Silver Tide Holdings Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (HK$0.9404 to HK$1.88) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Silver Tide Holdings Ltd

How large is the market capitalisation of Silver Tide Holdings Ltd (1943)?
The market capitalisation of Silver Tide Holdings Ltd is HK$1.5B (≈ $187M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Silver Tide Holdings Ltd (1943)?
The price-to-sales ratio of Silver Tide Holdings Ltd is 2.47 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Silver Tide Holdings Ltd (1943)?
Earnings per share at Silver Tide Holdings Ltd are HK$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Silver Tide Holdings Ltd (1943)?
The net margin of Silver Tide Holdings Ltd is −2.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Silver Tide Holdings Ltd (1943)?
The return on equity (ROE) of Silver Tide Holdings Ltd is −13.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Silver Tide Holdings Ltd (1943)?
On an EBIT basis the return on assets of Silver Tide Holdings Ltd is −17.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Silver Tide Holdings Ltd (1943)?
The operating margin of Silver Tide Holdings Ltd is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Silver Tide Holdings Ltd (1943)?
Revenue at Silver Tide Holdings Ltd is growing +27.0% versus a year earlier (3y avg +14.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Silver Tide Holdings Ltd (1943)?
Earnings per share at Silver Tide Holdings Ltd are growing +206% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Silver Tide Holdings Ltd (1943) generate?
The free cash flow of Silver Tide Holdings Ltd is −HK$96.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Silver Tide Holdings Ltd (1943) hold?
Silver Tide Holdings Ltd holds more cash than debt, HK$21.7M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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