KPa-BM Holdings Ltd (2663) Fair Value & Analysis
Industrials · HK · Market cap HK$203M
Fair value as of: Aug 13, 2026
From 25 valuation models · updated 3 days ago
Share price +4.1% over the past month.
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.
- Our model range runs from HK$0.3600 (bear) to HK$0.5700 (bull), base HK$0.4800. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 65/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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$0.1554 – HK$0.5100 · fair‑value band HK$0.3600 – HK$0.5700 · the HK$0.5050 price screens above the HK$0.4800 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
KPa-BM Holdings Ltd (2663) currently trades at HK$0.5050, while our model-based Fair Value estimate is HK$0.4800, implying the stock looks roughly 5.0% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, KPa-BM Holdings Ltd generated revenue of HK$392M at a net margin of 3.3%. Revenue declined 37.7% year over year. It earns a return on equity of 4.9%. The balance sheet holds a net cash position of HK$91.2M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.3600 (bear case) to HK$0.5700 (bull case); at HK$0.5050, the current price sits within 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 near its 52-week high and 102% 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 -5%, 2663 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.
All 25 models by family
Widest divergence: Dividend Discount (HK$1.11) versus Earnings-Based (HK$0.3000). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 89
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
KPa-BM Holdings Limited, an investment holding company, provides structural engineering works with a focus on design and build projects to the private and public sectors primarily in Hong Kong and the People's Republic of China.
Full company description
KPa-BM Holdings Limited, an investment holding company, provides structural engineering works with a focus on design and build projects to the private and public sectors primarily in Hong Kong and the People's Republic of China. The company operates through Structural Engineering Works; and Supply, Installation, and Trading of Building Material Products segments. It also provides solutions for complex architectural designs and construction projects. In addition, the company is involved in the processing, fabrication, manufacturing, supply, trading, and installation of building material products; provision of fabrication drawing; and trademark holding related activities. KPa-BM Holdings Limited serves developers, contractors, and private clients in residential, commercial, industrial, educational, and infrastructural sectors. The company was incorporated in 2015 and is headquartered in Tsuen Wan, Hong Kong. KPa-BM Holdings Limited is a subsidiary of Success Wing Investments Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
KPa-BM Holdings Ltd reported revenue of HK$392M in FY2026 versus HK$494M in FY2022, a compound −5.6%/yr. Reported net income was HK$12.8M in FY2026, compounding +2.6%/yr from FY2022.
of which total revenue +7.2 pp · buybacks/dilution −0.7 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch 2663: get an alert when its fair value changes →
Peer Group
Engineering & Construction · 837 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹4,020 | ₹1,994 | -50% |
| Samsung C&T Corporation 028260 | 357,500 KRW | 261,411 KRW | -27% |
| Hyundai Engineering & Construction Co 000720 | 113,700 KRW | 61,453 KRW | -46% |
| Samsung E&A Co 028050 | 49,300 KRW | 43,624 KRW | -12% |
| Rail Vikas Nigam Limited RVNL | ₹230.00 | ₹48.92 | -79% |
| Daewoo Engineering & Construction Co 047040 | 18,400 KRW | 6,507 KRW | -65% |
| KEPCO Engineering & Construction Company 052690 | 99,800 KRW | 19,346 KRW | -81% |
| GS Engineering & Construction Corporation 006360 | 35,200 KRW | 23,135 KRW | -34% |
| DL E&C Co 375500 | 73,500 KRW | 148,433 KRW | +102% |
| KEPCO Plant Service & Engineering Co 051600 | 46,350 KRW | 43,924 KRW | -5% |
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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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