Fu Shek Financial Holdings Ltd (2263) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Fu Shek Financial Holdings Ltd HK$0.04, price HK$0.35, upside -88.4%, quality 62 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
60‑month range HK$0.1120 – HK$0.4000 · fair‑value band HK$0.0300 – HK$0.0500 · the HK$0.3450 price screens above the HK$0.0400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Fu Shek Financial Holdings Limited, together with its subsidiaries, provides financial and securities services in Hong Kong. The company operates through Brokerage Services; Margin Financing Services; Placing and Underwriting Services; and Asset Management Services segments.
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Fu Shek Financial Holdings Limited, together with its subsidiaries, provides financial and securities services in Hong Kong. The company operates through Brokerage Services; Margin Financing Services; Placing and Underwriting Services; and Asset Management Services segments. It offers securities dealing, brokerage, and ancillary services; financing services to margin and cash clients; underwriting, sub-underwriting, and placing services by acting as a bookrunner, lead manager, or underwriter of listing applicants in IPOs and as a placing agent of listed companies; and investment management services. The company was founded in 2001 and is headquartered in Wan Chai, Hong Kong. Fu Shek Financial Holdings Limited is a subsidiary of Man Chase Holdings Limited.
Stock analysis
Fu Shek Financial Holdings Ltd (2263) currently trades at HK$0.3450, while our model-based Fair Value estimate is HK$0.0400, 88.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$0.2400 per share, and 0 of the 5 models we run sit above the HK$0.3450 price.
Bear case: the Earnings-Based group reads lowest at HK$0.0200, and 5 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.0300 (bear) to HK$0.0500 (bull), the price of HK$0.3450 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 62/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Fu Shek Financial Holdings Ltd reported revenue of HK$32.9M in FY2025 versus HK$39.9M in FY2021, a compound −4.7%/yr. Reported net income was HK$2.9M in FY2025, compounding −28.0%/yr from FY2021.
Key figures
Market cap HK$345M (≈ $44.0M) · P/E ratio 34.5 · P/S ratio 3.02 · EPS (TTM) HK$0.0100 · Net margin 8.7% · Return on equity 2.8% · Return on assets (EBIT) 2.0% · Operating margin 50.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at −88%, 2263 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (HK$0.0200 to HK$0.2400). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear HK$0.0300Fair Value HK$0.0400Bull HK$0.0500
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (HK$0.0100 per share) are deliberately not added.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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−27.0%
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.
−5.6%
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.
−11.7%
Start year 2020 (pandemic)
Revenue growth 8 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.
−1.0%
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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.
−30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.3%
Dividend (yield on the price)0.0%
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.37% → 8%
⚠ Revenue per share shrinking 5.7%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Fu Shek Financial Holdings Ltd with another stock
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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.Capital Markets · 464 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−88.4% · Bottom 25%
Profitability
Return on equity (TTM)2.8% · Below median
Return on assets1.8% · Above median
Net margin (TTM)30.1% · Above median
Operating margin (TTM)50.9% · Top 25%
Growth and dividend
Revenue growth−21.1% · Bottom 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (TTM)34.5× · Priciest 25%
P/B0.96× · Cheaper than median
P/S (TTM)10.12× · Priciest 25%
EV/EBITDA2.6× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)0· sector 96
PAST (return on equity)11· sector 31
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 43
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.
Is Fu Shek Financial Holdings Ltd (2263) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.0400 versus a price of HK$0.3450, about −88% upside (overvalued).
What is the fair value of 2263?
Our model-based fair value for Fu Shek Financial Holdings Ltd is HK$0.0400 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.3450.
What is the quality score of 2263?
Fu Shek Financial Holdings Ltd has a Quality Score of 62/100. 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 Fu Shek Financial Holdings Ltd (2263)?
Our model-based price target is the fair value of HK$0.0400 (as of Sep 27, 2026) from 5 valuation models. Cautious scenario HK$0.0300, optimistic scenario HK$0.0500. It is a calculation from audited fundamentals, not an analyst target.
What is the Fu Shek Financial Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.0400, about −88% upside versus a price of HK$0.3450 (overvalued). Cautious scenario HK$0.0300, optimistic scenario HK$0.0500. The calculation is refreshed regularly with new filings.
What is the revenue of Fu Shek Financial Holdings Ltd (2263)?
Fu Shek Financial Holdings Ltd reported trailing-twelve-month revenue of about HK$34.1M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Fu Shek Financial Holdings Ltd (2263)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fu Shek Financial Holdings Ltd it is HK$0.0400 per share (as of Sep 27, 2026), against a price of HK$0.3450. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Fu Shek Financial Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2263 trades above its calculated fair value: price HK$0.3450, fair value HK$0.0400, a gap of about −88% (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 2263?
No. The price is what the market pays today (HK$0.3450); the fair value is what the company's own numbers justify (HK$0.0400). For Fu Shek Financial Holdings Ltd the two are HK$0.3050 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fu Shek Financial Holdings Ltd worth?
The market values Fu Shek Financial Holdings Ltd at about HK$345M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.3450; our models calculate a fair value of HK$0.0400 per share.
What do the bullish and bearish scenarios say about 2263?
Our models span a range for Fu Shek Financial Holdings Ltd: cautious scenario HK$0.0300, base HK$0.0400, optimistic HK$0.0500 per share (as of Sep 27, 2026, price HK$0.3450). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2263?
Fu Shek Financial Holdings Ltd trades at a price-to-earnings ratio of 34.5 (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$0.0400 is built from several models across several years. Other multiples: P/B 1.0, P/S 10.1, EV/EBITDA 2.6.
How solid is the balance sheet of Fu Shek Financial Holdings Ltd (2263)?
Balance-sheet figures for Fu Shek Financial Holdings Ltd (as of Sep 27, 2026): return on equity 2.8%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 2263 from its 52-week high?
Fu Shek Financial Holdings Ltd trades at HK$0.3450, about 14% below its 52-week high of HK$0.4000 and 72% above the low of HK$0.2010 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0400 is for.
Which stocks are comparable to Fu Shek Financial Holdings Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Fu Shek Financial Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.3450, calculated fair value HK$0.0400 (−88%), Quality Score 62/100, from 5 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 2263 calculated?
We run Fu Shek Financial Holdings Ltd through 5 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$0.0400, 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 14.7 % above its aggregate fair value. Fu Shek Financial Holdings 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 Fu Shek Financial Holdings Ltd (2263)?
The closing price on Sep 30, 2026 was HK$0.3450. Our model-based fair value is HK$0.0400, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fu Shek Financial Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$0.0500). 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 (62/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Fu Shek Financial Holdings Ltd
How large is the market capitalisation of Fu Shek Financial Holdings Ltd (2263)?
The market capitalisation of Fu Shek Financial Holdings Ltd is HK$345M (≈ $44.0M). 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 Fu Shek Financial Holdings Ltd (2263)?
The price-to-sales ratio of Fu Shek Financial Holdings Ltd is 3.02 (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 Fu Shek Financial Holdings Ltd (2263)?
Earnings per share at Fu Shek Financial Holdings Ltd are HK$0.0100 (price ÷ EPS = P/E 34.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fu Shek Financial Holdings Ltd (2263)?
The net margin of Fu Shek Financial Holdings Ltd is 8.7% (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 Fu Shek Financial Holdings Ltd (2263)?
The return on equity (ROE) of Fu Shek Financial Holdings Ltd is 2.8% (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 Fu Shek Financial Holdings Ltd (2263)?
On an EBIT basis the return on assets of Fu Shek Financial Holdings Ltd is 2.0% (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 Fu Shek Financial Holdings Ltd (2263)?
The operating margin of Fu Shek Financial Holdings Ltd is 50.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fu Shek Financial Holdings Ltd (2263)?
Revenue at Fu Shek Financial Holdings Ltd is growing −21.1% versus a year earlier (3y avg −5.6%). 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 Fu Shek Financial Holdings Ltd (2263)?
Earnings per share at Fu Shek Financial Holdings Ltd are growing +191% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fu Shek Financial Holdings Ltd (2263) generate?
The free cash flow of Fu Shek Financial Holdings Ltd is −HK$11.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Fu Shek Financial Holdings Ltd (2263) hold?
Fu Shek Financial Holdings Ltd holds more cash than debt, HK$218M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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