Sunshine 100 China Holdings (2608) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Sunshine 100 China Holdings HK$0.01, price HK$0.01, upside +15.0%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 11, 2026.
How to read this chart
60‑month range HK$0.0100 – HK$1.28 · fair‑value band HK$0.0113 – HK$0.0116 · the HK$0.0100 price screens below the HK$0.0115 fair value. Dashed = 300-day average. As of Oct 11, 2026.
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Sunshine 100 China Holdings Ltd invests in, develops, and manages real estate properties in the People's Republic of China. The operates through Mixed-Use Business Complexes, Multi-Functional Residential Communities, Investment Properties, Property Management and Hotel Operation, and Light-Asset Operation segments.
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Sunshine 100 China Holdings Ltd invests in, develops, and manages real estate properties in the People's Republic of China. The operates through Mixed-Use Business Complexes, Multi-Functional Residential Communities, Investment Properties, Property Management and Hotel Operation, and Light-Asset Operation segments. The Mixed-Use Business Complexes segment develops and sells business complex products. The Multi-Functional Residential Communities segment engages in the development and sale of residential properties, as well as develops land. The Investment Properties segment leases offices and commercial premises. The Property Management and Hotel Operation segment provides property management and hotel accommodation services. The Light-Asset Operation segment offers property selling agency and brand-use services. The company was founded in 1992 and is headquartered in Beijing, the People's Republic of China. Sunshine 100 China Holdings Ltd is a subsidiary of Joywise Holdings Limited.
Stock analysis
Sunshine 100 China Holdings (2608) currently trades at HK$0.0100, while our model-based Fair Value estimate is HK$0.0115, implying the stock looks roughly 13.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 5 models at a data quality of 92/100, which puts the evidence level at low.
Scenario range: HK$0.0113 (bear) to HK$0.0116 (bull), the price of HK$0.0100 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 37/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sunshine 100 China Holdings reported revenue of 1.7B CNY in FY2025 versus 5.4B CNY in FY2021, a compound −24.6%/yr. Reported net income was −3.6B CNY in FY2025.
Key figures
Market cap HK$25.5M (≈ $3.3M) · P/S ratio 0.04 · Return on equity −375% · Return on assets (EBIT) −3.6% · Operating margin −22.3% · Revenue (TTM) HK$679M · Revenue growth (YoY) −77.5% · EPS growth (YoY) −74.0%.
What moves the price
The share trades about 23% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 10% fair-value upside, at 15%, 2608 screens cheaper than that median.
Fair Value models
Bear HK$0.0113Fair Value HK$0.0115Bull HK$0.0116
Price HK$0.0100 · Upside +15.0%
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.5%
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.
−9.5%
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.
−21.2%
Start year 2020 (pandemic). Over 10 years: −12.2% a year
Revenue growth 15 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.
−3.5%
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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.
10.6% (2019) → −49.0% (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
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Sunshine 100 China Holdings 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.Real Estate - Development · 580 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+15.0% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−1.1% · Bottom 25%
Operating margin (TTM)−22.3% · Bottom 25%
Growth and dividend
Revenue growth−77.5% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/FCF0.9× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)53· sector 59
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 11
HEALTH (low debt)0· sector 84
DIVIDEND (yield)0· sector 57
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Sunshine 100 China Holdings Fair Value". https://www.fairvalue-calculator.com/stock/2608.HK
Frequently asked questions
Is Sunshine 100 China Holdings (2608) overvalued or undervalued?
As of Oct 11, 2026, our model estimates a fair value of HK$0.0115 versus a price of HK$0.0100, about +15% upside (undervalued).
What is the fair value of 2608?
Our model-based fair value for Sunshine 100 China Holdings is HK$0.0115 (as of Oct 11, 2026), built from audited fundamentals. The current price: HK$0.0100.
What is the quality score of 2608?
Sunshine 100 China Holdings has a Quality Score of 37/100. 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 Sunshine 100 China Holdings (2608)?
Our model-based price target is the fair value of HK$0.0115 (as of Oct 11, 2026) from 4 valuation models. Cautious scenario HK$0.0113, optimistic scenario HK$0.0116. It is a calculation from audited fundamentals, not an analyst target.
What is the Sunshine 100 China Holdings stock forecast for 2026?
Our models put fair value at HK$0.0115, about +15% upside versus a price of HK$0.0100 (undervalued). Cautious scenario HK$0.0113, optimistic scenario HK$0.0116. The calculation is refreshed regularly with new filings.
What is the revenue of Sunshine 100 China Holdings (2608)?
Sunshine 100 China Holdings reported trailing-twelve-month revenue of about HK$679M (latest available figure, as of Oct 11, 2026).
What growth is priced into Sunshine 100 China Holdings (2608)?
For today's price to be fair in a discounted-cash-flow model, Sunshine 100 China Holdings would have to grow free cash flow by more than 80 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -21.2 % per year. As of Oct 11, 2026.
What discount rate (WACC) does the fair value of 2608 use?
Our models discount Sunshine 100 China Holdings at 9.9 %: a base by market capitalisation (nano), damped by beta 0.85, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sunshine 100 China Holdings that is more than 80 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Sunshine 100 China Holdings (2608) delivered so far?
Over the past 5 years revenue at Sunshine 100 China Holdings grew -21.2 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sunshine 100 China Holdings (2608) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Sunshine 100 China Holdings (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sunshine 100 China Holdings (2608)?
The free-cash-flow yield on the price is 14.86 %: that much free cash flow Sunshine 100 China Holdings produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sunshine 100 China Holdings (2608)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sunshine 100 China Holdings it is HK$0.0115 per share (as of Oct 11, 2026), against a price of HK$0.0100. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Sunshine 100 China Holdings stock overvalued or undervalued in 2026?
As of Oct 11, 2026, 2608 trades below its calculated fair value: price HK$0.0100, fair value HK$0.0115, a gap of about +15% (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 2608?
No. The price is what the market pays today (HK$0.0100); the fair value is what the company's own numbers justify (HK$0.0115). For Sunshine 100 China Holdings the two are HK$0.0015 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sunshine 100 China Holdings worth?
The market values Sunshine 100 China Holdings at about HK$25.5M (market capitalisation, as of Oct 11, 2026). Per share that is HK$0.0100; our models calculate a fair value of HK$0.0115 per share.
What do the bullish and bearish scenarios say about 2608?
Our models span a range for Sunshine 100 China Holdings: cautious scenario HK$0.0113, base HK$0.0115, optimistic HK$0.0116 per share (as of Oct 11, 2026, price HK$0.0100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sunshine 100 China Holdings (2608)?
Balance-sheet figures for Sunshine 100 China Holdings (as of Oct 11, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 2608 from its 52-week high?
Sunshine 100 China Holdings trades at HK$0.0100, about 23% below its 52-week high of HK$0.0130 and at the low of HK$0.0100 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0115 is for.
Which stocks are comparable to Sunshine 100 China Holdings?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Sunshine 100 China Holdings stock attractive at the current price?
The data as of Oct 11, 2026: price HK$0.0100, calculated fair value HK$0.0115 (+15%), Quality Score 37/100, from 4 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 2608 calculated?
We run Sunshine 100 China Holdings through 4 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$0.0115, 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 14.9 % above its aggregate fair value. Sunshine 100 China Holdings currently trades 13 % 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 Sunshine 100 China Holdings (2608)?
The closing price on Oct 9, 2026 was HK$0.0100. Our model-based fair value is HK$0.0115, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sunshine 100 China Holdings right now?
The price is below even our cautious bear case (HK$0.0113). The market is more pessimistic than our downside scenario. The models converge in a tight band (HK$0.0113 to HK$0.0116), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Sunshine 100 China Holdings
How large is the market capitalisation of Sunshine 100 China Holdings (2608)?
The market capitalisation of Sunshine 100 China Holdings is HK$25.5M (≈ $3.3M). 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 Sunshine 100 China Holdings (2608)?
The price-to-sales ratio of Sunshine 100 China Holdings is 0.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of Sunshine 100 China Holdings (2608)?
The return on equity (ROE) of Sunshine 100 China Holdings is −375% (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 Sunshine 100 China Holdings (2608)?
On an EBIT basis the return on assets of Sunshine 100 China Holdings is −3.6% (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 Sunshine 100 China Holdings (2608)?
The operating margin of Sunshine 100 China Holdings is −22.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sunshine 100 China Holdings (2608)?
Revenue at Sunshine 100 China Holdings is growing −77.5% versus a year earlier (3y avg −9.5%). 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 Sunshine 100 China Holdings (2608)?
Earnings per share at Sunshine 100 China Holdings are growing −74.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sunshine 100 China Holdings (2608) carry?
The net debt of Sunshine 100 China Holdings is HK$22.4B (fiscal year 2025). 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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