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Hollwin Urban Op Svc Grp Co (2529) Fair Value & Analysis

Industrials · HK · Market cap HK$438M

HU Hollwin Urban Op Svc Grp Co 2529 · HK
PriceHK$2.80
Fair ValueHK$7.00
Upside+150.0%
Quality42/100
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Strengths

Trades 60% below our fair value of HK$7.00
Solidly profitable · 11.0% net margin
generates free cash flow
Ranks above peers (11/13)

Risks

!Mixed Growth (revenue 3y +8.5 %/yr)
!Moderate moat 58/100
Mixed Growth (revenue 3y +8.5 %/yr)
Solidly profitable · 11.0% net margin
generates free cash flow
8.76% dividend yield
Ranks above peers (11/13)
Moderate moat 58/100
Evidence: High Range HK$4.82 – HK$9.81 Share as image

Fair value as of: Aug 24, 2026

From 16 valuation models · updated today

Fair value updated Aug 24, 2026, revised from HK$9.33 to HK$7.00 (−25.0%) since Aug 13, 2026. Share price +2.2% over the past month.

Below-average quality, screening 150% undervalued on our models.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$4.82). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (HK$4.82 to HK$9.81) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

HK$3.04 HK$1.85 Fair Value HK$7.00 May 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

27‑month range HK$1.85 – HK$3.04 · fair‑value band HK$4.82 – HK$9.81 · the HK$2.80 price screens below the HK$7.00 fair value. Dashed = 300-day average. As of Aug 24, 2026.

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Analysis

Hollwin Urban Op Svc Grp Co (2529) currently trades at HK$2.80, while our model-based Fair Value estimate is HK$7.00, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Hollwin Urban Op Svc Grp Co generated revenue of HK$675M at a net margin of 11.0%. Revenue declined 3.6% year over year. It earns a return on equity of 18.9%. The balance sheet holds a net cash position of HK$352M. Fundamentals as of Aug 24, 2026

Our scenario range runs from HK$4.82 (bear case) to HK$9.81 (bull case); at HK$2.80, the current price sits below 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 8% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -13% fair-value upside, at 150%, 2529 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
Residual Income HK$2.64 HK$3.37 HK$7.63 76
Growth DCF HK$4.32 HK$5.14 HK$6.16 72
Gordon GGM HK$1.79 HK$3.22 HK$4.43 70
All 16 models by family
DCF Models
FCF DCF HK$4.31 HK$5.25 HK$6.51 38
5Y Revenue Exit HK$6.16 HK$8.97 HK$12.60 39
5Y EBITDA Exit HK$7.45 HK$11.39 HK$16.02 41
10Y Revenue Exit HK$5.22 HK$7.45 HK$10.51 36
10Y EBITDA Exit HK$6.12 HK$8.99 HK$12.90 37
Dividend Discount
Gordon GGM HK$1.79 HK$3.22 HK$4.43 70
DDM Multi-Stage HK$1.79 HK$2.79 HK$3.44 61
Multiples
P/S Multiple HK$5.93 HK$7.90 HK$9.88 58
P/B Multiple HK$3.86 HK$5.15 HK$6.44 55
EV/EBIT HK$12.11 HK$15.40 HK$18.70 53
EV/EBITDA HK$10.49 HK$13.25 HK$16.01 54
EV/Revenue HK$7.67 HK$10.01 HK$12.35 43
Asset-Based
NCAV (Graham) HK$1.29 HK$1.73 HK$2.58 50
Growth DCF
Growth DCF HK$4.32 HK$5.14 HK$6.16 72
Rev-Margin DCF HK$6.16 HK$8.92 HK$12.08 67
Economic Profit
Residual Income HK$2.64 HK$3.37 HK$7.63 76

Widest divergence: Multiples (HK$10.01) versus Asset-Based (HK$1.73). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 5.2 as of Jul 2, 2026
P/S ratio 0.65 TTM
Dividend yield 8.8% payout 102%
Net margin 11.0% TTM
Return on equity 18.9% TTM
Return on assets 6.5% TTM
More key figures
Profitability
Operating margin 12.6% TTM
EPS (TTM) HK$0.2400
Growth
Revenue (TTM) HK$675M TTM
Revenue growth (YoY) -3.6% 3y avg +8.5%
EPS growth (YoY) +6.5%
Balance sheet & cash flow
Free cash flow HK$35.6M FY2025
Net cash HK$352M FY2025

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 59

Profitability 51
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Hollwin Urban Operation Service Group Co., Ltd. provides management services, urban services, and commercial operation services in China. The company offers property management services for public properties, commercial properties, residential properties, and value-added services.

Full company description

Hollwin Urban Operation Service Group Co., Ltd. provides management services, urban services, and commercial operation services in China. The company offers property management services for public properties, commercial properties, residential properties, and value-added services. It also provides urban services comprising landscaping and engineering, including landscape construction and engineering construction; lighting system operation, such as landscape lighting operation and functional lighting operation; parking lot operation, including operation and management of stand-alone public parking lots on the ground, underground, and under bridge; and municipal sanitation services, such as road cleaning, sweeping and upkeep, and cleaning of bus stops and signage, as well as collection and transportation of urban domestic waste. In addition, the company offers commercial property operation services to developers, owners, and tenants, including preliminary business planning, preliminary operation analysis, tenant recruitment, lease agreement formulation, opening guidance, and daily operation counselling. The company was founded in 2015 and is based in Changsha, China. Hollwin Urban Operation Service Group Co., Ltd is a subsidiary of Changsha Urban Development Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hollwin Urban Op Svc Grp Co reported revenue of HK$675M in FY2025 versus HK$432M in FY2021, a compound +11.8%/yr. Reported net income was HK$74.4M in FY2025, compounding +16.5%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$675M
Latest YoY
−1.3%
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.
+8.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.5% (6.5 + 0.0)
Revenue +11.8%/yr
FY21 HK$432M
FY22 HK$529M
FY23 HK$652M
FY24 HK$684M
FY25 HK$675M
Net income +16.5%/yr
FY21 HK$40.4M
FY22 HK$53.1M
FY23 HK$70.2M
FY24 HK$71.9M
FY25 HK$74.4M

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Cite: Fair Value Calculator (2026). "Hollwin Urban Op Svc Grp Co Fair Value". https://www.fairvalue-calculator.com/stock/2529

Peer Group

Specialty Business Services · 254 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 42 · Bottom 25%
Fair Value upside +150% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 11% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 8.6% · Top 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 5.2× · Cheaper than 75% of peers
P/B 1.06× · Cheaper than median
P/S (TTM) 0.65× · Cheaper than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 0.8× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE0 · sector 27
PAST76 · sector 33
HEALTH0 · sector 92
DIVIDEND100 · sector 46

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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Frequently asked questions

Is Hollwin Urban Op Svc Grp Co (2529) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of HK$7.00 versus a price of HK$2.80, about +150% (undervalued).
What is the fair value of 2529?
Our model-based fair value for Hollwin Urban Op Svc Grp Co is HK$7.00 (as of Aug 24, 2026), built from audited fundamentals. The current price: HK$2.80.
What is the quality score of 2529?
Hollwin Urban Op Svc Grp Co has a Quality Score of 42/100. 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 Hollwin Urban Op Svc Grp Co (2529)?
Hollwin Urban Op Svc Grp Co reported trailing-twelve-month revenue of about HK$675M (latest available figure, as of Aug 24, 2026).
What is the net profit margin of 2529?
The net profit margin of Hollwin Urban Op Svc Grp Co is about 11.0%, meaning it keeps roughly 11.0% of revenue as net income. Based on the latest reported figures.
Does Hollwin Urban Op Svc Grp Co pay a dividend?
Hollwin Urban Op Svc Grp Co currently shows a dividend yield of about 8.76% relative to its recent price (as of Aug 24, 2026).

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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