China Lesso Group Holdings Ltd (2128) Fair Value & Analysis
Industrials · HK · Market cap HK$11.0B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$8.42 to HK$8.43 (+0.1%) since Aug 5, 2026. Share price +1.8% over the past month.
A solid business, screening 110% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$6.07). The market is more pessimistic than our downside scenario.
- Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (HK$6.07 to HK$12.50) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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$2.30 – HK$16.26 · fair‑value band HK$6.07 – HK$12.50 · the HK$4.01 price screens below the HK$8.43 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Lesso Group Holdings Ltd (2128) currently trades at HK$4.01, while our model-based Fair Value estimate is HK$8.43, implying the stock looks roughly 110.2% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials 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: high), always confirm before acting.
Over the trailing twelve months, China Lesso Group Holdings Ltd generated revenue of HK$24.3B at a net margin of 5.2%. Revenue declined 12.1% year over year. It earns a return on equity of 4.9%. Net debt stands at HK$16.4B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$6.07 (bear case) to HK$12.50 (bull case); at HK$4.01, the current price sits below 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 41% below its 52-week high and 15% 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 110%, 2128 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.
All 26 models by family
Widest divergence: Multiples (HK$8.24) versus Earnings-Based (HK$2.57). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 28
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
China Lesso Group Holdings Limited, an investment holding company, manufactures piping and building materials in China and internationally.
Full company description
China Lesso Group Holdings Limited, an investment holding company, manufactures piping and building materials in China and internationally. The company provides pipeline systems solutions, such as municipal water supply, municipal drainage, power line communication for municipal engineering, and municipal heating; and water and power supplies, and drainage systems for building and residential. It offers water-saving irrigation, water conveyance, drainage, facility cultivation, aquaculture, pontoon systems, and water platforms for rural and agricultural; mining, chemicals, food, oil and gas, water supply, drainage, power, and heating fields for industry and commerce; firefighting pipelines; and gas pipes. In addition, the company is involved in manufacturing building materials; manufacture and sale of aluminum profiles, building materials machinery, monocrystalline silicon, fertilizer, and chemical products; property development; e-commerce platform; provision of first-mile international freight services and last-mile fulfillment services; manufacture and sale of mosaic tiles; holding sports events; property investment; power generation technical service; and internet data service. It offers its products primarily to independent distributors, civil contractors, property developers, utility companies, and municipalities. The company was founded in 1986 and is headquartered in Foshan, China. China Lesso Group Holdings Limited operates as a subsidiary of New Fortune Star Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Lesso Group Holdings Ltd reported revenue of HK$24.3B in FY2025 versus HK$32.1B in FY2021, a compound −6.7%/yr. Reported net income was HK$1.3B in FY2025, compounding −19.8%/yr from FY2021.
of which total revenue +6.3 pp · buybacks/dilution +0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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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.
Valuation Multiples vs Building Products & Equipment median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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
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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.
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