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Evergreen Products Group Ltd (1962) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of Evergreen Products Group Ltd HK$0.74, price HK$0.48, upside +54.2%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · HK · ISIN KYG322541072

EP Thin data Sep 27, 2026

Evergreen Products Group Ltd

1962 · HK

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value HK$0.7400 · Strongly undervalued (+54.2%)
✓Quality 66/100
!Mixed Growth (revenue 5y +3.2 %/yr)
!Thin margins · 2.9% net margin (TTM)
✓Low debt · generates free cash flow
✓9.8% dividend yield · Sustainable
✓Ranks above peers (11/14)
!Narrow moat 33/100
!Evidence only low, so the estimate is less certain
!Weak on past: 16 out of 100

What runs behind every stock

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

Price vs Fair Value

HK$1.07 HK$0.2791 Fair Value HK$0.7400 Feb 2020 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range HK$0.2791 – HK$1.07 · fair‑value band HK$0.5550 – HK$0.9250 · the HK$0.4800 price screens below the HK$0.7400 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Evergreen Products Group Limited, an investment holding company, engages in the manufacturing and trading of hair products in the United States of America, the People's Republic of China, Germany, Japan, and internationally.

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Evergreen Products Group Limited, an investment holding company, engages in the manufacturing and trading of hair products in the United States of America, the People's Republic of China, Germany, Japan, and internationally. It offers fashion wigs, such as long, medium, short, and half wigs; lace wigs, including lace front, parting, braided, and 4×4 lace wigs; hairpieces and accessories comprising Melrose clips, drawstrings, domes and buns, and head band pieces; and hair extension and weaving products. The company also provides mono, full hand tie, and topper wigs; men's wigs and toupees; Halloween wigs, costumes, mustaches and beards, doll wigs, human hair wigs, and tape extensions; logistics services; and water treatment services. In addition, it is involved in technological development of hair products; property investment; trading of hair products through the internet; and manufacturing, export, and import of festival products. The company was founded in 1962 and is headquartered in Kwai Chung, Hong Kong. Evergreen Products Group Limited operates as a subsidiary of Evergreen Enterprise Holdings Limited.

Stock analysis

Evergreen Products Group Ltd (1962) currently trades at HK$0.4800, while our model-based Fair Value estimate is HK$0.7400, implying the stock looks roughly 35.1% undervalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of HK$0.9300 per share, and 6 of the 6 models we run sit above the HK$0.4800 price.

Bear case: the Multiples group reads lowest at HK$0.6400, and 0 of the 6 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$0.5550 (bear) to HK$0.9250 (bull), the price of HK$0.4800 sits below 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 66/100 (solid quality), in the Financial Services sector.

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

Evergreen Products Group Ltd reported revenue of HK$1.0B in FY2025 versus HK$1.2B in FY2021, a compound −3.6%/yr. Reported net income was HK$30.7M in FY2025, compounding −13.2%/yr from FY2021.

Key figures

Market cap HK$307M (≈ $39.2M) · P/E ratio 9.2 · P/S ratio 0.27 · EPS (TTM) HK$0.0200 · Dividend yield 9.8% · Net margin 2.9% · Return on equity 3.9% · Return on assets (EBIT) 5.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 16% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 54%, 1962 screens cheaper than that median.

Fair Value models

Bear HK$0.5550 Fair Value HK$0.7400 Bull HK$0.9250
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income HK$0.9300 HK$0.9300 HK$0.9600 76
Gordon GGM HK$0.4300 HK$0.8200 HK$1.31 66
DDM Multi-Stage HK$0.4300 HK$0.6500 HK$0.8800 66
All 6 models by family
Dividend Discount
Gordon GGM HK$0.4300 HK$0.8200 HK$1.31 66
DDM Multi-Stage HK$0.4300 HK$0.6500 HK$0.8800 66
Multiples
P/E Multiple HK$0.4800 HK$0.6400 HK$0.8000 63
P/B Multiple HK$0.6300 HK$0.8400 HK$1.05 55
Asset-Based
NCAV (Graham) HK$0.6300 HK$0.8400 HK$1.25 54
Economic Profit
Residual Income HK$0.9300 HK$0.9300 HK$0.9600 76

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Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 49

Profitability 30
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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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. 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.7%
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.
−1.7%
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.
+3.2%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 11 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.
+6.3%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.8%
Dividend (yield on the price)9.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−15.6% vs −4.6%, slowing
Profit margin 2020 to 2025 ⓘ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.−1% → 7%
Start year 2020 (pandemic)

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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.Banks - Regional · 1057 stocks

Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 66 · Top 25%
Fair Value upside +54.2% · Top 25%
Profitability
Return on equity (TTM) 3.9% · Bottom 25%
Return on assets 3.0% · Top 25%
Net margin (TTM) 2.9% · Bottom 25%
Operating margin (TTM) 7.1% · Bottom 25%
Growth and dividend
Revenue growth 17.8% · Above median
Dividend yield (TTM) 9.8% · Top 25%
Balance sheet
Debt / equity 0.05× · Lowest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 9.2× · Cheapest 25%
P/B 0.39× · Cheapest 25%
P/S (TTM) 0.29× · Cheapest 25%
P/FCF 1.0× · Cheapest 25%
EV/EBITDA 1.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 13
FUTURE (revenue growth)89 · sector 47
PAST (return on equity)16 · sector 41
HEALTH (low debt)98 · sector 85
DIVIDEND (yield)100 · sector 53

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 Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
DBS Group D05 78.00 SGD 40.39 SGD −48%
China Merchants Bank Co 600036 ¥40.69 ¥52.73 +30%
UniCredit S.p.A UCG €83.95 €77.62 −8%
Intesa Sanpaolo S.p.A ISP €6.79 €4.02 −41%
Mizuho Financial Group MFG $11.07 $6.86 −38%
BNP Paribas SA BNP €99.30 €105.99 +7%
HDFC Bank Limited HDFCBANK ₹735.60 ₹406.44 −45%
Oversea-Chinese Banking Corporation O39 32.01 SGD 19.78 SGD −38%
CaixaBank, S.A CABK €13.23 €8.46 −36%
ICICI Bank Limited ICICIBANK ₹1,327 ₹615.71 −54%

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Cite: Fair Value Calculator (2026). "Evergreen Products Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1962

Frequently asked questions

Is Evergreen Products Group Ltd (1962) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.7400 versus a price of HK$0.4800, about +54% upside (undervalued).
What is the fair value of 1962?
Our model-based fair value for Evergreen Products Group Ltd is HK$0.7400 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.4800.
What is the quality score of 1962?
Evergreen Products Group Ltd has a Quality Score of 66/100. 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 Evergreen Products Group Ltd (1962)?
Our model-based price target is the fair value of HK$0.7400 (as of Sep 27, 2026) from 6 valuation models. Cautious scenario HK$0.5550, optimistic scenario HK$0.9250. It is a calculation from audited fundamentals, not an analyst target.
What is the Evergreen Products Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.7400, about +54% upside versus a price of HK$0.4800 (undervalued). Cautious scenario HK$0.5550, optimistic scenario HK$0.9250. The calculation is refreshed regularly with new filings.
What is the revenue of Evergreen Products Group Ltd (1962)?
Evergreen Products Group Ltd reported trailing-twelve-month revenue of about HK$1.0B (latest available figure, as of Sep 27, 2026).
Does Evergreen Products Group Ltd pay a dividend?
Evergreen Products Group Ltd currently shows a dividend yield of about 9.79% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Evergreen Products Group Ltd (1962)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Evergreen Products Group Ltd it is HK$0.7400 per share (as of Sep 27, 2026), against a price of HK$0.4800. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Evergreen Products Group Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1962 trades below its calculated fair value: price HK$0.4800, fair value HK$0.7400, a gap of about +54% (undervalued). 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 1962?
No. The price is what the market pays today (HK$0.4800); the fair value is what the company's own numbers justify (HK$0.7400). For Evergreen Products Group Ltd the two are HK$0.2600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Evergreen Products Group Ltd worth?
The market values Evergreen Products Group Ltd at about HK$307M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.4800; our models calculate a fair value of HK$0.7400 per share.
What do the bullish and bearish scenarios say about 1962?
Our models span a range for Evergreen Products Group Ltd: cautious scenario HK$0.5550, base HK$0.7400, optimistic HK$0.9250 per share (as of Sep 27, 2026, price HK$0.4800). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1962?
Evergreen Products Group Ltd trades at a price-to-earnings ratio of 9.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.7400 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.3, EV/EBITDA 1.8.
How solid is the balance sheet of Evergreen Products Group Ltd (1962)?
Balance-sheet figures for Evergreen Products Group Ltd (as of Sep 27, 2026): return on equity 3.9%, debt of 0.05 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 1962 from its 52-week high?
Evergreen Products Group Ltd trades at HK$0.4800, about 16% below its 52-week high of HK$0.5700 and 17% above the low of HK$0.4095 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.7400 is for.
Which stocks are comparable to Evergreen Products Group Ltd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Evergreen Products Group Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.4800, calculated fair value HK$0.7400 (+54%), Quality Score 66/100, from 6 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 1962 calculated?
We run Evergreen Products Group Ltd through 6 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$0.7400, 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 14.7 % above its aggregate fair value. Evergreen Products Group Ltd currently trades 35 % 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 Evergreen Products Group Ltd (1962)?
The closing price on Sep 30, 2026 was HK$0.4800. Our model-based fair value is HK$0.7400, about +54% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Evergreen Products Group Ltd right now?
The price is below even our cautious bear case (HK$0.5550). 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 (66/100) 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.
Where does the earnings growth of Evergreen Products Group Ltd (1962) come from?
Earnings per share at Evergreen Products Group Ltd grew −1.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.1 %, EBIT margin −5.5 %, tax rate −2.3 %, residual (interest, one-offs) −2.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Evergreen Products Group Ltd

How large is the market capitalisation of Evergreen Products Group Ltd (1962)?
The market capitalisation of Evergreen Products Group Ltd is HK$307M (≈ $39.2M). 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 Evergreen Products Group Ltd (1962)?
The price-to-sales ratio of Evergreen Products Group Ltd is 0.27 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Evergreen Products Group Ltd (1962)?
Earnings per share at Evergreen Products Group Ltd are HK$0.0200 (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Evergreen Products Group Ltd (1962)?
The dividend yield of Evergreen Products Group Ltd is 9.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Evergreen Products Group Ltd (1962)?
The net margin of Evergreen Products Group Ltd is 2.9% (fiscal year 2025). 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 Evergreen Products Group Ltd (1962)?
The return on equity (ROE) of Evergreen Products Group Ltd is 3.9% (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 Evergreen Products Group Ltd (1962)?
On an EBIT basis the return on assets of Evergreen Products Group Ltd is 5.2% (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 Evergreen Products Group Ltd (1962)?
The operating margin of Evergreen Products Group Ltd is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Evergreen Products Group Ltd (1962)?
Revenue at Evergreen Products Group Ltd is growing +17.8% versus a year earlier (3y avg −1.7%). 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 Evergreen Products Group Ltd (1962)?
Earnings per share at Evergreen Products Group Ltd are growing +3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Evergreen Products Group Ltd (1962) generate?
The free cash flow of Evergreen Products Group Ltd is HK$295M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Evergreen Products Group Ltd (1962) carry?
The net debt of Evergreen Products Group Ltd is HK$445M (fiscal year 2025, ≈ 1.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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