Vanov Holdings Company Ltd (2260) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Vanov Holdings Company Ltd HK$0.78, price HK$1.21, upside -35.3%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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
57‑month range HK$0.8263 – HK$2.65 · fair‑value band HK$0.7600 – HK$0.8500 · the HK$1.21 price screens above the HK$0.7800 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Vanov Holdings Company Limited, an investment holding company, designs, manufactures, and sells papermaking felts in the People's Republic of China and internationally. It offers packaging, printing, household, specialty, and pulp, as well as seamed and twill weaving papermaking felts.
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Vanov Holdings Company Limited, an investment holding company, designs, manufactures, and sells papermaking felts in the People's Republic of China and internationally. It offers packaging, printing, household, specialty, and pulp, as well as seamed and twill weaving papermaking felts. The company also offers pre-sale, pending-sale, after-sales, and commitment to services. In addition, it serves paper mills, paper product manufacturers, and trading companies. In addition, the company offers its products under the VANOV and GOBEAR brands. The company was established in 2007 and is headquartered in Chengdu, China. Vanov Holdings Company Limited operates as a subsidiary of Perfect Angle Limited.
Stock analysis
Vanov Holdings Company Ltd (2260) currently trades at HK$1.21, while our model-based Fair Value estimate is HK$0.7800, 35.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of HK$1.38 per share, and 6 of the 16 models we run sit above the HK$1.21 price.
Bear case: the Dividend Discount group reads lowest at HK$0.3400, and 10 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.7600 (bear) to HK$0.8500 (bull), the price of HK$1.21 sits above 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 51/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Vanov Holdings Company Ltd reported revenue of 266M CNY in FY2025 versus 214M CNY in FY2021, a compound +5.6%/yr. Reported net income was 33.5M CNY in FY2025, compounding −9.6%/yr from FY2021.
Key figures
Market cap HK$643M (≈ $81.9M) · P/E ratio 16.6 · P/S ratio 2.10 · EPS (TTM) HK$0.0100 · Dividend yield 1.5% · Net margin 12.6% · Return on equity 8.3% · Return on assets (EBIT) 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 25% fair-value upside, at −35%, 2260 screens richer than that median.
Fair Value models
Bear HK$0.7600Fair Value HK$0.7800Bull HK$0.8500
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.
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.43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.0%
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.
+6.8%
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.
+7.8%
Start year 2020 (pandemic)
Revenue growth 7 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.
+7.6%
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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.
+1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)1.5%
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.31% → 21%
Compare Vanov Holdings Company Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Paper & Paper Products · 118 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside−35.3% · Below median
Profitability
Return on equity (TTM)8.3% · Top 25%
Return on assets3.2% · Top 25%
Net margin (TTM)12.6% · Top 25%
Operating margin (TTM)21.1% · Top 25%
Growth and dividend
Revenue growth2.6% · Above median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.46× · Above median
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (TTM)16.6× · Cheaper than median
P/B1.32× · Pricier than median
P/S (TTM)2.07× · Priciest 25%
EV/EBITDA9.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)13· sector 11
PAST (return on equity)33· sector 13
HEALTH (low debt)77· sector 91
DIVIDEND (yield)30· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Vanov Holdings Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2260
Frequently asked questions
Is Vanov Holdings Company Ltd (2260) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.7800 versus a price of HK$1.21, about −35% upside (overvalued).
What is the fair value of 2260?
Our model-based fair value for Vanov Holdings Company Ltd is HK$0.7800 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$1.21.
What is the quality score of 2260?
Vanov Holdings Company Ltd has a Quality Score of 51/100. 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 Vanov Holdings Company Ltd (2260)?
Our model-based price target is the fair value of HK$0.7800 (as of Sep 27, 2026) from 16 valuation models. Cautious scenario HK$0.7600, optimistic scenario HK$0.8500. It is a calculation from audited fundamentals, not an analyst target.
What is the Vanov Holdings Company Ltd stock forecast for 2026?
Our models put fair value at HK$0.7800, about −35% upside versus a price of HK$1.21 (overvalued). Cautious scenario HK$0.7600, optimistic scenario HK$0.8500. The calculation is refreshed regularly with new filings.
What is the revenue of Vanov Holdings Company Ltd (2260)?
Vanov Holdings Company Ltd reported trailing-twelve-month revenue of about 266M CNY (latest available figure, as of Sep 27, 2026).
Does Vanov Holdings Company Ltd pay a dividend?
Vanov Holdings Company Ltd currently shows a dividend yield of about 1.49% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Vanov Holdings Company Ltd (2260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vanov Holdings Company Ltd it is HK$0.7800 per share (as of Sep 27, 2026), against a price of HK$1.21. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Vanov Holdings Company Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2260 trades above its calculated fair value: price HK$1.21, fair value HK$0.7800, a gap of about −35% (overvalued). 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 2260?
No. The price is what the market pays today (HK$1.21); the fair value is what the company's own numbers justify (HK$0.7800). For Vanov Holdings Company Ltd the two are HK$0.4250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vanov Holdings Company Ltd worth?
The market values Vanov Holdings Company Ltd at about HK$643M (market capitalisation, as of Sep 27, 2026). Per share that is HK$1.21; our models calculate a fair value of HK$0.7800 per share.
What do the bullish and bearish scenarios say about 2260?
Our models span a range for Vanov Holdings Company Ltd: cautious scenario HK$0.7600, base HK$0.7800, optimistic HK$0.8500 per share (as of Sep 27, 2026, price HK$1.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2260?
Vanov Holdings Company Ltd trades at a price-to-earnings ratio of 16.6 (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$0.7800 is built from several models across several years. Other multiples: P/B 1.3, P/S 2.1, EV/EBITDA 9.9.
How solid is the balance sheet of Vanov Holdings Company Ltd (2260)?
Balance-sheet figures for Vanov Holdings Company Ltd (as of Sep 27, 2026): return on equity 8.3%, debt of 0.46 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 2260 from its 52-week high?
Vanov Holdings Company Ltd trades at HK$1.21, about 17% below its 52-week high of HK$1.45 and 5% above the low of HK$1.14 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.7800 is for.
Which stocks are comparable to Vanov Holdings Company Ltd?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, The Navigator 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 Vanov Holdings Company Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$1.21, calculated fair value HK$0.7800 (−35%), Quality Score 51/100, from 16 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 2260 calculated?
We run Vanov Holdings Company Ltd through 16 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$0.7800, 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 14.5 % above its aggregate fair value. Vanov Holdings Company Ltd itself currently trades above fair value. 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 Vanov Holdings Company Ltd (2260)?
The closing price on Sep 30, 2026 was HK$1.21. Our model-based fair value is HK$0.7800, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vanov Holdings Company Ltd right now?
The price sits above even our optimistic bull case (HK$0.8500). The favourable scenario is already priced in. 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 but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (HK$0.7600 to HK$0.8500), unusually little disagreement for a valuation.
Key figures of Vanov Holdings Company Ltd
How large is the market capitalisation of Vanov Holdings Company Ltd (2260)?
The market capitalisation of Vanov Holdings Company Ltd is HK$643M (≈ $81.9M). 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 Vanov Holdings Company Ltd (2260)?
The price-to-sales ratio of Vanov Holdings Company Ltd is 2.10 (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 Vanov Holdings Company Ltd (2260)?
Earnings per share at Vanov Holdings Company Ltd are HK$0.0100 (price ÷ EPS = P/E 16.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vanov Holdings Company Ltd (2260)?
The dividend yield of Vanov Holdings Company Ltd is 1.5% (payout 180%). 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 Vanov Holdings Company Ltd (2260)?
The net margin of Vanov Holdings Company Ltd is 12.6% (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 Vanov Holdings Company Ltd (2260)?
The return on equity (ROE) of Vanov Holdings Company Ltd is 8.3% (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 Vanov Holdings Company Ltd (2260)?
On an EBIT basis the return on assets of Vanov Holdings Company Ltd is 10.2% (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 Vanov Holdings Company Ltd (2260)?
The operating margin of Vanov Holdings Company Ltd is 21.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vanov Holdings Company Ltd (2260)?
Revenue at Vanov Holdings Company Ltd is growing +2.6% versus a year earlier (3y avg +6.8%). 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 Vanov Holdings Company Ltd (2260)?
Earnings per share at Vanov Holdings Company Ltd are growing −3.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Vanov Holdings Company Ltd (2260) generate?
The free cash flow of Vanov Holdings Company Ltd is −52.5M CNY (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 Vanov Holdings Company Ltd (2260) carry?
The net debt of Vanov Holdings Company Ltd is 262M CNY (fiscal year 2025). 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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