Lai Si Enterprise Holding Ltd (2266) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Lai Si Enterprise Holding Ltd HK$0.38, price HK$0.41, upside -7.3%, quality 56 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$0.1992 – HK$0.6170 · fair‑value band HK$0.2800 – HK$0.4700 · the HK$0.4100 price screens above the HK$0.3800 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Lai Si Enterprise Holding Limited, an investment holding company, undertakes fitting-out, alteration, and addition works projects in Macau and Hong Kong. It also undertakes construction, and repair and maintenance works. In addition, the company offers mechanical and electrical engineering services, as well as holds an office building.
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Lai Si Enterprise Holding Limited, an investment holding company, undertakes fitting-out, alteration, and addition works projects in Macau and Hong Kong. It also undertakes construction, and repair and maintenance works. In addition, the company offers mechanical and electrical engineering services, as well as holds an office building. It primarily serves hotel and casino developers and owners, international retailers and restaurant owners for fitting-out works; land owners and the Macau Government for construction works; and operators of hotels and casinos, retail shops and restaurants for repair and maintenance works. The company was founded in 1980 and is headquartered in Macau. Lai Si Enterprise Holding Limited operates as a subsidiary of SHK-Mac capital Limited.
Stock analysis
Lai Si Enterprise Holding Ltd (2266) currently trades at HK$0.4100, while our model-based Fair Value estimate is HK$0.3800, so the stock looks roughly fairly valued today (gap 7.9%).
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.4900 per share, and 13 of the 24 models we run sit above the HK$0.4100 price.
Bear case: the Asset-Based group reads lowest at HK$0.2100, and 11 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.2800 (bear) to HK$0.4700 (bull), the price of HK$0.4100 sits inside 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 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lai Si Enterprise Holding Ltd reported revenue of 197M MOP in FY2025 versus 144M MOP in FY2021, a compound +8.1%/yr. Reported net income was 8.0M MOP in FY2025.
Key figures
Market cap HK$164M (≈ $20.9M) · P/E ratio 19.5 · P/S ratio 0.79 · Net margin 4.1% · Return on equity 6.3% · Return on assets (EBIT) 0.0% · Revenue (TTM) 238M MOP · Revenue growth (YoY) −32.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −7%, 2266 screens cheaper than that median.
Fair Value models
Bear HK$0.2800Fair Value HK$0.3800Bull HK$0.4700
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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.5%
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.
+4.5%
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.
+4.5%
Start year 2020 (pandemic). Over 10 years: −1.1% a year
Revenue growth 12 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.
+10.5%
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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.
−0.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.6% vs −15.6%, picking up
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.−49% → 5%
Compare Lai Si Enterprise Holding 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.Engineering & Construction · 798 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−7.3% · Below median
Profitability
Return on equity (TTM)6.3% · Below median
Return on assets3.2% · Above median
Net margin (TTM)4.1% · Above median
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth−32.3% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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). "Lai Si Enterprise Holding Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2266
Frequently asked questions
Is Lai Si Enterprise Holding Ltd (2266) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.3800 versus a price of HK$0.4100, about −7% upside (fairly valued).
What is the fair value of 2266?
Our model-based fair value for Lai Si Enterprise Holding Ltd is HK$0.3800 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.4100.
What is the quality score of 2266?
Lai Si Enterprise Holding Ltd has a Quality Score of 56/100. 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 Lai Si Enterprise Holding Ltd (2266)?
Our model-based price target is the fair value of HK$0.3800 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario HK$0.2800, optimistic scenario HK$0.4700. It is a calculation from audited fundamentals, not an analyst target.
What is the Lai Si Enterprise Holding Ltd stock forecast for 2026?
Our models put fair value at HK$0.3800, about −7% upside versus a price of HK$0.4100 (fairly valued). Cautious scenario HK$0.2800, optimistic scenario HK$0.4700. The calculation is refreshed regularly with new filings.
What is the revenue of Lai Si Enterprise Holding Ltd (2266)?
Lai Si Enterprise Holding Ltd reported trailing-twelve-month revenue of about 238M MOP (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Lai Si Enterprise Holding Ltd (2266)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lai Si Enterprise Holding Ltd it is HK$0.3800 per share (as of Sep 27, 2026), against a price of HK$0.4100. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Lai Si Enterprise Holding Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2266 trades above its calculated fair value: price HK$0.4100, fair value HK$0.3800, a gap of about −7% (fairly valued). 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 2266?
No. The price is what the market pays today (HK$0.4100); the fair value is what the company's own numbers justify (HK$0.3800). For Lai Si Enterprise Holding Ltd the two are HK$0.0300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lai Si Enterprise Holding Ltd worth?
The market values Lai Si Enterprise Holding Ltd at about HK$164M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.4100; our models calculate a fair value of HK$0.3800 per share.
What do the bullish and bearish scenarios say about 2266?
Our models span a range for Lai Si Enterprise Holding Ltd: cautious scenario HK$0.2800, base HK$0.3800, optimistic HK$0.4700 per share (as of Sep 27, 2026, price HK$0.4100). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2266?
Lai Si Enterprise Holding Ltd trades at a price-to-earnings ratio of 19.5 (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$0.3800 is built from several models across several years.
How solid is the balance sheet of Lai Si Enterprise Holding Ltd (2266)?
Balance-sheet figures for Lai Si Enterprise Holding Ltd (as of Sep 27, 2026): return on equity 6.3%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 2266 from its 52-week high?
Lai Si Enterprise Holding Ltd trades at HK$0.4100, about 14% below its 52-week high of HK$0.4750 and 29% above the low of HK$0.3178 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.3800 is for.
Which stocks are comparable to Lai Si Enterprise Holding Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Lai Si Enterprise Holding Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.4100, calculated fair value HK$0.3800 (−7%), Quality Score 56/100, from 24 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 2266 calculated?
We run Lai Si Enterprise Holding Ltd through 24 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$0.3800, 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. Lai Si Enterprise Holding 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 Lai Si Enterprise Holding Ltd (2266)?
The closing price on Sep 30, 2026 was HK$0.4100. Our model-based fair value is HK$0.3800, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lai Si Enterprise Holding Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Lai Si Enterprise Holding Ltd (2266) come from?
Earnings per share at Lai Si Enterprise Holding Ltd grew −9.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.2 %, EBIT margin −9.9 %, tax rate +1.6 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lai Si Enterprise Holding Ltd
How large is the market capitalisation of Lai Si Enterprise Holding Ltd (2266)?
The market capitalisation of Lai Si Enterprise Holding Ltd is HK$164M (≈ $20.9M). 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 Lai Si Enterprise Holding Ltd (2266)?
The price-to-sales ratio of Lai Si Enterprise Holding Ltd is 0.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Lai Si Enterprise Holding Ltd (2266)?
The net margin of Lai Si Enterprise Holding Ltd is 4.1% (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 Lai Si Enterprise Holding Ltd (2266)?
The return on equity (ROE) of Lai Si Enterprise Holding Ltd is 6.3% (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 Lai Si Enterprise Holding Ltd (2266)?
On an EBIT basis the return on assets of Lai Si Enterprise Holding Ltd is 0.0% (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.
How fast is revenue growing at Lai Si Enterprise Holding Ltd (2266)?
Revenue at Lai Si Enterprise Holding Ltd is growing −32.3% versus a year earlier (3y avg +4.5%). 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 Lai Si Enterprise Holding Ltd (2266)?
Earnings per share at Lai Si Enterprise Holding Ltd are growing −63.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lai Si Enterprise Holding Ltd (2266) generate?
The free cash flow of Lai Si Enterprise Holding Ltd is 10.5M MOP (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 Lai Si Enterprise Holding Ltd (2266) carry?
The net debt of Lai Si Enterprise Holding Ltd is 4.5M MOP (fiscal year 2025, ≈ 0.4 yrs of FCF). 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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