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Steve Leung Design Group Ltd (2262) Fair Value & Analysis

Industrials · HK · Market cap HK$605M

SL Steve Leung Design Group Ltd 2262 · HK
PriceHK$0.4550
Fair ValueHK$0.2200
Upside-51.7%
Quality70/100
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Weak Growth
Thin margins · 2.7% net margin
generates free cash flow
Trails peers (5/13)
Narrow moat 26/100
Evidence: High Range HK$0.2000 – HK$0.2700 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price −9.0% over the past month.

A solid business, but screening 52% overvalued on our models.

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What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (HK$0.2700). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

HK$1.41 HK$0.0790 Fair Value HK$0.2200 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$0.0790 – HK$1.41 · fair‑value band HK$0.2000 – HK$0.2700 · the HK$0.4550 price screens above the HK$0.2200 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Steve Leung Design Group Ltd (2262) currently trades at HK$0.4550, while our model-based Fair Value estimate is HK$0.2200, implying the stock looks roughly 51.7% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials 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, Steve Leung Design Group Ltd generated revenue of HK$423M at a net margin of 2.7%. Revenue grew 12.3% year over year. It earns a return on equity of 3.1%. The balance sheet holds a net cash position of HK$107M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2000 (bear case) to HK$0.2700 (bull case); at HK$0.4550, the current price sits above 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 68% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -52%, 2262 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
Residual Income HK$0.2000 HK$0.1900 HK$0.1600 76
Growth DCF HK$0.4600 HK$0.5500 HK$0.6700 72
Gordon GGM HK$0.3900 HK$0.5000 HK$0.6100 70
All 24 models by family
DCF Models
FCF DCF HK$0.4600 HK$0.5500 HK$0.6900 38
Owner Earnings HK$0.3800 HK$0.4500 HK$0.5600 31
5Y Revenue Exit HK$0.3500 HK$0.4100 HK$0.4900 39
5Y EBITDA Exit HK$0.4300 HK$0.5600 HK$0.7100 41
5Y P/E Exit HK$0.3500 HK$0.4200 HK$0.4900 38
10Y Revenue Exit HK$0.3900 HK$0.4500 HK$0.5100 36
10Y EBITDA Exit HK$0.4400 HK$0.5400 HK$0.6500 37
10Y P/E Exit HK$0.3900 HK$0.4500 HK$0.5100 35
Earnings-Based
Graham-Dodd HK$0.0700 HK$0.1300 HK$0.1600 54
EPV HK$0.2000 HK$0.2100 HK$0.2100 59
Dividend Discount
Gordon GGM HK$0.3900 HK$0.5000 HK$0.6100 70
DDM Multi-Stage HK$0.3900 HK$0.5100 HK$0.6300 61
Multiples
P/E Multiple HK$0.1600 HK$0.2200 HK$0.2700 63
P/S Multiple HK$0.1200 HK$0.1700 HK$0.2100 58
P/B Multiple HK$0.1200 HK$0.1700 HK$0.2100 55
EV/EBIT HK$0.3500 HK$0.4200 HK$0.4900 53
EV/EBITDA HK$0.4600 HK$0.5600 HK$0.6700 54
EV/Revenue HK$0.2800 HK$0.3400 HK$0.4000 43
Asset-Based
NCAV (Graham) HK$0.1400 HK$0.1900 HK$0.2800 50
Growth DCF
Growth DCF HK$0.4600 HK$0.5500 HK$0.6700 72
Rev-Margin DCF HK$0.3500 HK$0.4200 HK$0.5000 67
Economic Profit
Residual Income HK$0.2000 HK$0.1900 HK$0.1600 76
ROIC Compounder HK$0.2000 HK$0.2100 HK$0.2100 67
Growth Earnings
Growth-Adj P/E HK$0.1200 HK$0.1600 HK$0.2100 68

Widest divergence: Dividend Discount (HK$0.5000) versus Earnings-Based (HK$0.1300). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$423M
Revenue growth (YoY) +12.3%
Net margin 2.7%
Return on equity 3.1%
Free cash flow HK$42.9M FY2025
P/E ratio 53.0 as of Jul 2, 2026
More key figures
Operating margin 7.0%
EPS growth (YoY) +20.7%
Net cash HK$107M FY2025

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 71 · Market factors (momentum, volatility) 22

Profitability 38
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Steve Leung Design Group Limited engages in the provision of interior design services in the People's Republic of China, Hong Kong, and Macau. The company operates through SLD (Steve Leung Design); SLL (Steve Leung Lifestyle); and JHD (Jangho Design) segments.

Full company description

Steve Leung Design Group Limited engages in the provision of interior design services in the People's Republic of China, Hong Kong, and Macau. The company operates through SLD (Steve Leung Design); SLL (Steve Leung Lifestyle); and JHD (Jangho Design) segments. It offers interior design and product design services, as well as licensing arrangement under all Steve Leung related brands; interior decorating and furnishing design services and trading of interior decorative products under Steve Leung related brands focusing on the residential market. The company also provides interior design services, interior decorating and furnishing design services, and trading of interior decorative products under the Jangho brand, which mainly focuses on hospitality and commercial projects. Steve Leung Design Group Limited was founded in 1997 and is headquartered in Kowloon Bay, Hong Kong. Steve Leung Design Group Limited is a subsidiary of Eagle Vision Development Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Steve Leung Design Group Ltd reported revenue of HK$423M in FY2025 versus HK$455M in FY2021, a compound −1.8%/yr. Reported net income was HK$11.2M in FY2025, compounding +39.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$423M
Latest YoY
+15.0%
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.
+3.5%
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.
−0.5%
Avg. growth/yr (10Y) 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.
+5.4%
Revenue −1.8%/yr
FY21 HK$455M
FY22 HK$381M
FY23 HK$356M
FY24 HK$368M
FY25 HK$423M
Net income +39.7%/yr
FY21 HK$2.9M
FY22 −HK$62.4M
FY23 −HK$18.8M
FY24 HK$1.8M
FY25 HK$11.2M

2262 screens 52% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Steve Leung Design Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2262

Peer Group

Engineering & Construction · 837 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 70 · Top 25%
Fair Value upside −52% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 9.4% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 53.0× · Pricier than 75% of peers
P/B 1.89× · Pricier than median
P/S (TTM) 1.43× · Pricier than 75% of peers
P/FCF 1.8× · Cheaper than median
EV/EBITDA 20.4× · Pricier 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 0 · sector 14
FUTURE 62 · sector 15
PAST 13 · sector 26
HEALTH 0 · sector 94
DIVIDEND 100 · sector 43

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Steve Leung Design Group Ltd (2262) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2200 versus a price of HK$0.4550, about −52% (overvalued).
What is the fair value of 2262?
Our model-based fair value for Steve Leung Design Group Ltd is HK$0.2200 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.4550.
What is the quality score of 2262?
Steve Leung Design Group Ltd has a Quality Score of 70/100. 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 Steve Leung Design Group Ltd (2262)?
Steve Leung Design Group Ltd reported trailing-twelve-month revenue of about HK$423M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2262?
The net profit margin of Steve Leung Design Group Ltd is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. 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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