CSG Holding (200012) Fair Value & Analysis
Basic Materials · CN · Market cap HK$4.6B
Fair value as of: Jul 7, 2026
From 24 valuation models · updated 2 days ago
Fair value updated Jul 7, 2026 — revised from HK$0.8500 to HK$0.8000 (−5.9%) since Jun 24, 2026. Share price +7.1% over the past month.
Price vs Fair Value (12 months)
12‑month range HK$1.38 – HK$2.09 · fair‑value band HK$0.6000 – HK$1.00 · the HK$1.63 price screens above the HK$0.8000 fair value. As of Jul 7, 2026.
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CSG Holding (200012) currently trades at HK$1.63, while our model-based Fair Value estimate is HK$0.8000 — implying the stock looks roughly 50.9% overvalued today. We read business quality at 40/100 (below-average quality), in the Basic Materials 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, CSG Holding generated revenue of HK$13.6B at a net margin of 0.1%. Revenue declined 2.6% year over year. It earns a return on equity of -0.1%. Net debt stands at HK$4.9B. Fundamentals as of Jul 7, 2026
Our scenario range runs from HK$0.6000 (bear case) to HK$1.00 (bull case); at HK$1.63, the current price sits above that range. The share trades about 16% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -55% fair-value upside — at -51%, 200012 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 7, 2026. TTM = trailing twelve months.
About the company
CSG Holding Co., Ltd. researches, develops, manufactures, and sells glass products in Mainland and internationally. It operates through Glass, Electronic Glass and Display device, and Solar Energy and Other segments. The Glass segment engages in the production and sale of float, photovoltaic, and engineering glass products; and silica sand for glass production. It also offers architectural, solar, photovoltaic, and float glasses for applications in high-end architectural curtain walls, decoration and furniture, mirror, car windshield, scanners and photocopiers transmitting plates, home appliance panels, display protection, and other fields. Its Electronic Glass and Display device segment produces and sells display components and special ultra-thin glass products. The Solar Energy and Others segment engages in the production and sale of polysilicon and solar cell module products, photovoltaic energy development, and other products. It also provides renewable energy products; and new …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CSG Holding reported revenue of HK$13.7B in FY2025 versus HK$13.7B in FY2021, a compound +0.1%/yr. Reported net income was HK$126M in FY2025, compounding −46.4%/yr from FY2021.
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Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $106.52 | $64.08 | -40% |
| Holcim AG HCMLY | $19.20 | $8.68 | -55% |
| Heidelberg Materials AG HEI | €190.80 | €134.98 | -29% |
| Vulcan Materials Company VMC | $281.38 | $116.17 | -59% |
| Martin Marietta Materials, Inc MLM | $575.83 | $135.46 | -76% |
| UltraTech Cement Limited ULTRACEMCO | ₹10,912 | ₹4,589 | -58% |
| Amrize AG AMRZ | $53.64 | $32.28 | -40% |
| Grasim Industries Limited GRASIM | ₹3,088 | ₹2,139 | -31% |
| China Jushi Co 600176 | ¥39.37 | ¥15.20 | -61% |
| CEMEX, S.A. CEMEXCPO | 21.03 MXN | 0.8400 MXN | -96% |
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.