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Panasialum Holdings Co Ltd (2078) Fair Value & Analysis

Basic Materials · HK · Market cap HK$133M

PH Panasialum Holdings Co Ltd 2078 · HK
PriceHK$0.1400
Fair ValueHK$0.1400
Upside+0.0%
Quality37/100
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Weak Growth
Loss-making · -16.4% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 0/100
Evidence: Low Range HK$0.1300 – HK$0.1400 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Share price +13.8% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The models converge in a tight band (HK$0.1300 to HK$0.1400), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$0.3950 HK$0.0620 Fair Value HK$0.1400 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$0.0620 – HK$0.3950 · fair‑value band HK$0.1300 – HK$0.1400 · the HK$0.1400 price screens below the HK$0.1400 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Panasialum Holdings Co Ltd (2078) currently trades at HK$0.1400, while our model-based Fair Value estimate is HK$0.1400, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 37/100 (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, Panasialum Holdings Co Ltd generated revenue of HK$360M at a net margin of -16.4%. Revenue declined 75.8% year over year. It earns a return on equity of -8.3%. The balance sheet holds a net cash position of HK$47.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1300 (bear case) to HK$0.1400 (bull case); at HK$0.1400, the current price sits within 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 27% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 0%, 2078 screens richer 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
NCAV (Graham) HK$0.2900 HK$0.3800 HK$0.5700 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.2900 HK$0.3800 HK$0.5700 50

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Key figures & financial health

Revenue (TTM) HK$360M
Revenue growth (YoY) -75.8%
Net margin -16.4%
Return on equity -8.3%
Free cash flow −HK$65.6M FY2025
Operating margin -74.0%
More key figures
EPS (TTM) HK$-0.0200
EPS growth (YoY) +1,104%
Net cash HK$47.2M FY2025

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 38 · Market factors (momentum, volatility) 44

Profitability 5
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 43
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

PanAsialum Holdings Company Limited, an investment holding company, manufactures and trades in aluminum products in the People's Republic of China, Australia, Canada, Vietnam, and internationally.

Full company description

PanAsialum Holdings Company Limited, an investment holding company, manufactures and trades in aluminum products in the People's Republic of China, Australia, Canada, Vietnam, and internationally. The company offers partial equipment, such as numerical computer control, finish, automatic frame system, testing facilities, and die design and cutting; heatsink, doors and windows, and solar module frame series electronic products accessories, fences, as well as skirt board, and auto parts and electronic products accessories. Its products are used in electronic product accessories, photovoltaic systems, new energy transportation, shipbuilding, doors and windows curtain walling, medical devices, construction, green energy, and advanced manufacturing applications. The company was founded in 1990 and is headquartered in Kwun Tong, Hong Kong. PanAsialum Holdings Company Limited is a subsidiary of Easy Star Holdings Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Panasialum Holdings Co Ltd reported revenue of HK$360M in FY2025 versus HK$1.9B in FY2021, a compound −33.6%/yr. Reported net income was −HK$59.1M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$360M
Latest YoY
−60.8%
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.
−39.3%
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.
−27.7%
Avg. growth/yr (15Y) 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.
−8.5%
Revenue −33.6%/yr
FY21 HK$1.9B
FY22 HK$1.6B
FY23 HK$1.0B
FY24 HK$917M
FY25 HK$360M
Net income
FY21 −HK$341M
FY22 −HK$105M
FY23 HK$28.2M
FY24 HK$28.1M
FY25 −HK$59.1M

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Cite: Fair Value Calculator (2026). "Panasialum Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2078

Peer Group

Aluminum · 82 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 38 · Bottom 25%
Fair Value upside +0% · Above median
Return on assets -7% · Bottom 25%
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) -74% · Bottom 25%
Revenue growth -76% · Bottom 25%

Valuation Multiples vs Aluminum median · lower = cheaper

P/S (TTM) 0.05× · Cheaper than 75% of peers

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 33 · sector 17
FUTURE 0 · sector 25
PAST 0 · sector 32
HEALTH 100 · sector 92
DIVIDEND 0 · sector 39

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 Aluminum stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥21.34 ¥23.44 +10%
China Hongqiao Group 1378 HK$24.44 HK$45.58 +86%
Hindalco Industries Limited HINDALCO ₹1,046 ₹1,026 -2%
Aluminum Corporation 601600 ¥9.94 ¥16.30 +64%
Norsk Hydro ASA NHY kr 90.02 kr 58.10 -35%
Press Metal Aluminium Holdings 8869 7.99 MYR 3.88 MYR -51%
Alcoa Corporation AAI A$73.19 A$49.53 -32%
Yunnan Aluminium Co 000807 ¥27.44 ¥29.68 +8%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥27.24 ¥30.28 +11%
Tianshan Aluminum Group 002532 ¥14.27 ¥21.86 +53%

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Frequently asked questions

Is Panasialum Holdings Co Ltd (2078) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1400 versus a price of HK$0.1400, about +0% (fairly valued).
What is the fair value of 2078?
Our model-based fair value for Panasialum Holdings Co Ltd is HK$0.1400 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1400.
What is the quality score of 2078?
Panasialum Holdings Co Ltd has a Quality Score of 37/100. 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 Panasialum Holdings Co Ltd (2078)?
Panasialum Holdings Co Ltd reported trailing-twelve-month revenue of about HK$360M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2078?
The net profit margin of Panasialum Holdings Co Ltd is about -16.4%, meaning it is currently running at a net loss. 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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