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Huajin International Holdings Ltd (2738) Fair Value & Analysis

Basic Materials · HK · Market cap HK$24.0M

HI Huajin International Holdings Ltd 2738 · HK
PriceHK$0.0360
Fair ValueHK$0.0576
Upside+60.0%
Quality23/100
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Weak Growth
Loss-making · -147.6% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (2/9)
Narrow moat 0/100
Evidence: Low Range HK$0.0511 – HK$0.0511 Share as image

Fair value as of: Aug 17, 2026

From 2 valuation models · updated today

Fair value updated Aug 17, 2026, revised from HK$0.0266 to HK$0.0576 (+116.2%) since Aug 13, 2026. Share price −14.3% over the past month.

Below-average quality, screening 60% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (23/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$0.0511). 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.
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Price vs Fair Value (5 years)

HK$2.98 HK$0.0360 Fair Value HK$0.0576 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range HK$0.0360 – HK$2.98 · the HK$0.0360 price screens below the HK$0.0576 fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Huajin International Holdings Ltd (2738) currently trades at HK$0.0360, while our model-based Fair Value estimate is HK$0.0576, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 23/100 (below-average 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.

Trailing-twelve-month revenue stands at HK$861M. Net debt stands at HK$2.3B. Fundamentals as of Aug 17, 2026

For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 60%, 2738 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
Gordon GGM HK$0.0100 HK$0.0100 HK$0.0100 70
DDM Multi-Stage HK$0.0100 HK$0.0100 HK$0.0100 61
All 2 models by family
Dividend Discount
Gordon GGM HK$0.0100 HK$0.0100 HK$0.0100 70
DDM Multi-Stage HK$0.0100 HK$0.0100 HK$0.0100 61

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Key figures & financial health

Revenue (TTM) HK$861M
Revenue growth (YoY) -95.2%
Net margin -148%
Return on equity -292%
Free cash flow −HK$259M FY2025
Operating margin -157%
More key figures
EPS (TTM) HK$-0.8700
EPS growth (YoY) -57.2%
Net debt HK$2.3B FY2025

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 22 · Market factors (momentum, volatility) 12

Profitability 5
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Huajin International Holdings Limited, an investment holding company, engages in the processing and sale of cold-rolled and galvanized steel products in the People's Republic of China, Hong Kong, and Southeast Asia. The company offers cold-rolled steel strips, sheets, and welded steel tubes, as well as galvanized steel products.

Full company description

Huajin International Holdings Limited, an investment holding company, engages in the processing and sale of cold-rolled and galvanized steel products in the People's Republic of China, Hong Kong, and Southeast Asia. The company offers cold-rolled steel strips, sheets, and welded steel tubes, as well as galvanized steel products. It also produces, sells, and trades in steel products and residuals; operates ports; involved renewable resources recycling; and transportation operations. The company serves various industries, such as light industrial hardware, home appliances, furniture, motorcycle/bicycle accessories, LED, and lighting. The company was formerly known as Inter Consortium Holdings Limited and changed its name to Huajin International Holdings Limited in May 2015. Huajin International Holdings Limited was founded in 2005 and is headquartered in Jiangmen, the People's Republic of China. Huajin International Holdings Limited operates as a subsidiary of Haiyi Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Huajin International Holdings Ltd reported revenue of HK$861M in FY2025 versus HK$5.3B in FY2021, a compound −36.5%/yr. Reported net income was −HK$1.3B in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$861M
Latest YoY
−85.4%
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.
−43.1%
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.
−21.3%
Avg. growth/yr (12Y) 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.
−5.1%
Revenue −36.5%/yr
FY21 HK$5.3B
FY22 HK$4.7B
FY23 HK$6.6B
FY24 HK$5.9B
FY25 HK$861M
Net income
FY21 HK$62.0M
FY22 −HK$165M
FY23 HK$85.7M
FY24 −HK$91.0M
FY25 −HK$1.3B

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Cite: Fair Value Calculator (2026). "Huajin International Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2738

Peer Group

Steel · 380 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 22 · Bottom 25%
Fair Value upside +60% · Top 25%
Return on assets -16% · Bottom 25%
Net margin (TTM) -148% · Bottom 25%
Operating margin (TTM) -157% · Bottom 25%
Revenue growth -95% · Bottom 25%
Dividend yield (TTM) 2.4% · Below median

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 100 · sector 16
FUTURE 0 · sector 4
PAST 0 · sector 16
HEALTH 100 · sector 95
DIVIDEND 48 · sector 55

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is Huajin International Holdings Ltd (2738) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of HK$0.0576 versus a price of HK$0.0360, about +60% (undervalued).
What is the fair value of 2738?
Our model-based fair value for Huajin International Holdings Ltd is HK$0.0576 (as of Aug 17, 2026), built from audited fundamentals. The current price is HK$0.0360.
What is the quality score of 2738?
Huajin International Holdings Ltd has a Quality Score of 23/100. 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 Huajin International Holdings Ltd (2738)?
Huajin International Holdings Ltd reported trailing-twelve-month revenue of about HK$861M (latest available figure, as of Aug 17, 2026).
What is the net profit margin of 2738?
The net profit margin of Huajin International Holdings Ltd is about -147.6%, 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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