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Hong Kong ChaoShang Group Ltd (2322) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of Hong Kong ChaoShang Group Ltd HK$0.09, price HK$0.06, upside +52.3%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? Yes
Good quality? No
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Industrials · HK · ISIN BMG4584L1028

HK Thin data Sep 27, 2026

Hong Kong ChaoShang Group Ltd

2322 · HK

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value HK$0.0853 · Strongly undervalued (+52.3%)

!Quality 43/100

!Weak Growth (revenue 5y −20.9 %/yr)

!Loss-making · -120.3% net margin (TTM)

!Low debt · negative free cash flow

!Mixed vs. peers (5/11)

!Narrow moat 0/100

!Evidence only low, so the estimate is less certain

26 models, one by oneBear HK$0.0667 to bull HK$0.1040 Growth analysisrevenue history, year by year Quality 43/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

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$0.0510 – HK$1.07 · fair‑value band HK$0.0667 – HK$0.1040 · the HK$0.0560 price screens below the HK$0.0853 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Modern Innovative Digital Technology Company Limited, an investment holding company, engages in the trading, money lending and factoring, and finance leasing and financial services businesses in the People's Republic of China and Hong Kong. The company trades in food, seafood, and electronic products; entrusted, corporate, and personal loan financing; and consultancy and general trading services. It also offers direct leasing and sale-leaseback services primarily machinery and equipment-based finance leases; and securities brokerage, dealing, placing, underwriting, margin financing, and asset management services. In addition, it provides provision of branding, advertising, placement, and marketing services; installation services of renewable energy systems; trading of energy saving products; network support services; digital financing solutions; platform-based technology services; and refinancing of supply chain assets. The company was formerly known as Hong Kong ChaoShang Group Limited and changed its name to Modern Innovative Digital Technology Company Limited in November 2024. Modern Innovative Digital Technology Company Limited was incorporated in 2002 and is headquartered in Wan Chai, Hong Kong.

Stock analysis

Hong Kong ChaoShang Group Ltd (2322) currently trades at HK$0.0560, while our model-based Fair Value estimate is HK$0.0853, implying the stock looks roughly 34.3% undervalued today.

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: HK$0.0667 (bear) to HK$0.1040 (bull), the price of HK$0.0560 sits below 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 43/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Hong Kong ChaoShang Group Ltd reported revenue of HK$73.7M in FY2025 versus HK$338M in FY2021, a compound −31.7%/yr. Reported net income was −HK$89.0M in FY2025.

Key figures

Market cap HK$346M (≈ $44.1M) · P/S ratio 5.08 · EPS (TTM) HK$−0.0200 · Net margin −121% · Return on equity −12.3% · Return on assets (EBIT) −6.3% · Operating margin −80.8% · Revenue (TTM) HK$68.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 61% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at 52%, 2322 screens cheaper than that median.

Fair Value models

Bear HK$0.0667 Fair Value HK$0.0853 Bull HK$0.1040

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.

Highest evidence

NCAV (Graham) HK$0.0800 HK$0.1000 HK$0.1600 53

All 1 models by family

Asset-Based

NCAV (Graham) HK$0.0800 HK$0.1000 HK$0.1600 53

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Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 16

Profitability 1

Margins and returns on capital today

Quality Growth 29

Are margins and returns improving?

Cashflow 3

Earnings quality: real cash, not paper profit

Fin. Strength 82

Balance sheet, leverage, solvency risk

Investment 94

Disciplined investing over empire-building

Low Volatility 50

Calm price path (market factor)

Momentum 2

Price trend over the last 3–12 months (market factor)

52W Momentum 3

Distance to the 52-week high (market factor)

Net Issuance 82

Share count: buybacks or dilution?

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Revenue & earnings trend

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. 0/100

Revenue is shrinking: the last year, the last three and the last five years are all negative.

Revenue growth 1 year

−49.2%

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.

−24.2%

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.

−20.9%

Start year 2020 (pandemic). Over 10 years: −13.7% a year

Revenue growth 23 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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Profit margin (trend) ⓘ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.

−29.3% (2019) → −113.3% (2025)

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss

not computed

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Compare Hong Kong ChaoShang Group 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.Conglomerates · 374 stocks

Beats the industry median on 4/9 measures

A mixed picture versus its industry peers.

Valuation

Quality Score 43 · Below median

Fair Value upside +52.3% · Above median

Profitability

Return on assets −6.9% · Bottom 25%

Net margin (TTM) −120.3% · Bottom 25%

Operating margin (TTM) −80.8% · Bottom 25%

Growth and dividend

Revenue growth −15.7% · Bottom 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/B 0.07× · Cheapest 25%

P/S (TTM) 0.65× · Cheaper than median

PEG 0.35× · Cheapest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)100 · sector 37

FUTURE (revenue growth)0 · sector 21

PAST (return on equity)0 · sector 20

HEALTH (low debt)100 · sector 89

DIVIDEND (yield)0 · sector 42

Context: sector, industry, market

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

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3M Company MMM	$169.55	$72.78	−57%
Honeywell International Inc HON	$212.55	$244.82	+15%
CITIC Limited 0267	HK$12.94	HK$25.88	+100%
Swire Pacific Limited 0019	HK$102.00	HK$28.34	−72%
SK Inc 034730	611,000 KRW	348,688 KRW	−43%
Jardine Matheson Holdings J36	$55.86	$78.34	+40%
Keppel Ltd BN4	11.30 SGD	3.88 SGD	−66%
Kingdom Holding 4280	13.08 SAR	13.40 SAR	+2%
Koç Holding KCHOL	216.50 TRY	182.26 TRY	−16%
Aker ASA AKER	kr 1,446	kr 1,017	−30%

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Hong Kong ChaoShang Group Ltd · Fair Value
HK$0.0853 +34%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/2322" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Hong Kong ChaoShang Group Ltd · Fair Value</span><br><b style="font-size:20px">HK$0.0853</b> <span style="color:var(--fvc-g-mitte);font-weight:700;font-size:14px">+34%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Hong Kong ChaoShang Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2322

Frequently asked questions

Is Hong Kong ChaoShang Group Ltd (2322) overvalued or undervalued?

As of Sep 27, 2026, our model estimates a fair value of HK$0.0853 versus a price of HK$0.0560, about +52% upside (undervalued).

What is the fair value of 2322?

Our model-based fair value for Hong Kong ChaoShang Group Ltd is HK$0.0853 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.0560.

What is the quality score of 2322?

Hong Kong ChaoShang Group Ltd has a Quality Score of 43/100. 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 Hong Kong ChaoShang Group Ltd (2322)?

Our model-based price target is the fair value of HK$0.0853 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario HK$0.0667, optimistic scenario HK$0.1040. It is a calculation from audited fundamentals, not an analyst target.

What is the Hong Kong ChaoShang Group Ltd stock forecast for 2026?

Our models put fair value at HK$0.0853, about +52% upside versus a price of HK$0.0560 (undervalued). Cautious scenario HK$0.0667, optimistic scenario HK$0.1040. The calculation is refreshed regularly with new filings.

What is the revenue of Hong Kong ChaoShang Group Ltd (2322)?

Hong Kong ChaoShang Group Ltd reported trailing-twelve-month revenue of about HK$68.1M (latest available figure, as of Sep 27, 2026).

What is the intrinsic value of Hong Kong ChaoShang Group Ltd (2322)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Kong ChaoShang Group Ltd it is HK$0.0853 per share (as of Sep 27, 2026), against a price of HK$0.0560. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).

Is Hong Kong ChaoShang Group Ltd stock overvalued or undervalued in 2026?

As of Sep 27, 2026, 2322 trades below its calculated fair value: price HK$0.0560, fair value HK$0.0853, a gap of about +52% (undervalued). 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 2322?

No. The price is what the market pays today (HK$0.0560); the fair value is what the company's own numbers justify (HK$0.0853). For Hong Kong ChaoShang Group Ltd the two are HK$0.0293 per share apart. That gap is exactly why we show both numbers side by side.

How much is Hong Kong ChaoShang Group Ltd worth?

The market values Hong Kong ChaoShang Group Ltd at about HK$346M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.0560; our models calculate a fair value of HK$0.0853 per share.

What do the bullish and bearish scenarios say about 2322?

Our models span a range for Hong Kong ChaoShang Group Ltd: cautious scenario HK$0.0667, base HK$0.0853, optimistic HK$0.1040 per share (as of Sep 27, 2026, price HK$0.0560). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the PEG ratio of 2322?

The PEG ratio of Hong Kong ChaoShang Group Ltd is 0.35 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.

How solid is the balance sheet of Hong Kong ChaoShang Group Ltd (2322)?

Balance-sheet figures for Hong Kong ChaoShang Group Ltd (as of Sep 27, 2026): return on equity −12.3%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.

How far is 2322 from its 52-week high?

Hong Kong ChaoShang Group Ltd trades at HK$0.0560, about 61% below its 52-week high of HK$0.1450 and 10% above the low of HK$0.0510 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0853 is for.

Which stocks are comparable to Hong Kong ChaoShang Group Ltd?

From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific 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 Hong Kong ChaoShang Group Ltd stock attractive at the current price?

The data as of Sep 27, 2026: price HK$0.0560, calculated fair value HK$0.0853 (+52%), Quality Score 43/100, from 1 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 2322 calculated?

We run Hong Kong ChaoShang Group Ltd through 1 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$0.0853, 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. Hong Kong ChaoShang Group Ltd currently trades 34 % below its own fair value, and the market average says nothing about that. 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 Hong Kong ChaoShang Group Ltd (2322)?

The closing price on Sep 30, 2026 was HK$0.0560. Our model-based fair value is HK$0.0853, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Hong Kong ChaoShang Group Ltd right now?

The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$0.0667). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Hong Kong ChaoShang Group Ltd

How large is the market capitalisation of Hong Kong ChaoShang Group Ltd (2322)?

The market capitalisation of Hong Kong ChaoShang Group Ltd is HK$346M (≈ $44.1M). 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 Hong Kong ChaoShang Group Ltd (2322)?

The price-to-sales ratio of Hong Kong ChaoShang Group Ltd is 5.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.

What are the earnings per share of Hong Kong ChaoShang Group Ltd (2322)?

Earnings per share at Hong Kong ChaoShang Group Ltd are HK$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.

What is the net margin of Hong Kong ChaoShang Group Ltd (2322)?

The net margin of Hong Kong ChaoShang Group Ltd is −121% (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 Hong Kong ChaoShang Group Ltd (2322)?

The return on equity (ROE) of Hong Kong ChaoShang Group Ltd is −12.3% (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 Hong Kong ChaoShang Group Ltd (2322)?

On an EBIT basis the return on assets of Hong Kong ChaoShang Group Ltd is −6.3% (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 Hong Kong ChaoShang Group Ltd (2322)?

The operating margin of Hong Kong ChaoShang Group Ltd is −80.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Hong Kong ChaoShang Group Ltd (2322)?

Revenue at Hong Kong ChaoShang Group Ltd is growing −15.7% versus a year earlier (3y avg −24.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.

How much free cash flow does Hong Kong ChaoShang Group Ltd (2322) generate?

The free cash flow of Hong Kong ChaoShang Group Ltd is −HK$61.7M (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 Hong Kong ChaoShang Group Ltd (2322) hold?

Hong Kong ChaoShang Group Ltd holds more cash than debt, HK$58.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.

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