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New Provenance Everlasting Holdings Ltd (2326) Fair Value & Analysis

Basic Materials · HK · Market cap HK$211M

NP New Provenance Everlasting Holdings Ltd 2326 · HK
PriceHK$0.0100
Fair ValueHK$0.0100
Upside+0.0%
Quality58/100
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Mixed Growth
Loss-making · -6.9% net margin
negative free cash flow
Ranks above peers (6/9)
Narrow moat 1/100
Evidence: Low Range HK$0.0100 – HK$0.0100 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 3 days ago

A solid business, currently priced close to our fair value.

What matters 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.
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Price vs Fair Value (5 years)

HK$0.0280 HK$0.0100 Fair Value HK$0.0100 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$0.0100 – HK$0.0280 · the HK$0.0100 price screens below the HK$0.0100 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

New Provenance Everlasting Holdings Ltd (2326) currently trades at HK$0.0100, while our model-based Fair Value estimate is HK$0.0100, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, New Provenance Everlasting Holdings Ltd generated revenue of HK$550M at a net margin of -6.9%. Revenue grew 27.4% year over year. It earns a return on equity of -9.6%. Net debt stands at HK$32.6M. Fundamentals as of Aug 13, 2026

The share trades about 29% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -42% fair-value upside, at 0%, 2326 screens cheaper 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
EV/EBITDA HK$0.0100 HK$0.0100 HK$0.0100 54
NCAV (Graham) HK$0.0100 HK$0.0100 HK$0.0200 50
All 2 models by family
Multiples
EV/EBITDA HK$0.0100 HK$0.0100 HK$0.0100 54
Asset-Based
NCAV (Graham) HK$0.0100 HK$0.0100 HK$0.0200 50

Widest divergence: Multiples (HK$0.0100) versus Multiples (HK$0.0100). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) HK$550M
Revenue growth (YoY) +27.4%
Net margin -6.9%
Return on equity -9.6%
Free cash flow −HK$3.5M FY2025
Operating margin -2.5%
More key figures
EPS growth (YoY) -44.3%
Net debt HK$32.6M FY2026

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 35

Profitability 26
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People's Republic of China and rest of Asia.

Full company description

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People's Republic of China and rest of Asia. It is also involved in the production and sale of industrial products; and provision of logistics services, including warehousing, transportation, and cargo handling, as well as management services. The company was formerly known as BEP International Holdings Limited and changed its name to New Provenance Everlasting Holdings Limited in October 2017. New Provenance Everlasting Holdings Limited was founded in 1984 and is headquartered in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

New Provenance Everlasting Holdings Ltd reported revenue of HK$776M in FY2026 versus HK$262M in FY2022, a compound +31.1%/yr. Reported net income was −HK$3.9M in FY2026.

Growth Quality 15/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$776M
Latest YoY
+64.9%
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.
−25.7%
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.
+5.2%
Avg. growth/yr (24Y) 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.
+3.7%
Revenue +31.1%/yr
FY22 HK$262M
FY23 HK$1.9B
FY24 HK$864M
FY25 HK$470M
FY26 HK$776M
Net income
FY22 −HK$5.5M
FY23 HK$1.8M
FY24 −HK$30.8M
FY25 −HK$45.9M
FY26 −HK$3.9M

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Cite: Fair Value Calculator (2026). "New Provenance Everlasting Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2326

Peer Group

Other Industrial Metals & Mining · 480 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 58 · Top 25%
Fair Value upside +0% · Above median
Return on assets -3% · Above median
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 27% · Above median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper 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 33 · sector 0
FUTURE 100 · sector 24
PAST 0 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 38

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 745.46 MXN -48%
Rio Tinto Group RIO A$179.43 A$81.76 -54%
Grupo México, S.A. GMEXICOB 222.38 MXN 172.99 MXN -22%
Vale S.A VALEN 250.00 MXN 139.41 MXN -44%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥19.00 ¥19.80 +4%
China Tungsten And Hightech Materials Co 000657 ¥70.43 ¥9.55 -86%
Hindustan Zinc Limited HINDZINC ₹584.60 ₹501.98 -14%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 -74%
Boliden AB BOL kr 527.80 kr 461.48 -13%

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Frequently asked questions

Is New Provenance Everlasting Holdings Ltd (2326) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0100 versus a price of HK$0.0100, about +0% (fairly valued).
What is the fair value of 2326?
Our model-based fair value for New Provenance Everlasting Holdings Ltd is HK$0.0100 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0100.
What is the quality score of 2326?
New Provenance Everlasting Holdings Ltd has a Quality Score of 58/100. 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 New Provenance Everlasting Holdings Ltd (2326)?
New Provenance Everlasting Holdings Ltd reported trailing-twelve-month revenue of about HK$550M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2326?
The net profit margin of New Provenance Everlasting Holdings Ltd is about -6.9%, meaning it is currently running at a net loss. 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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