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Golden Faith Group Holdings Ltd (2863) Fair Value & Analysis

Industrials · HK · Market cap HK$496M

GF Golden Faith Group Holdings Ltd 2863 · HK
PriceHK$0.7750
Fair ValueHK$0.4500
Upside-41.9%
Quality52/100
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Expensive Growth
Loss-making · -6.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Narrow moat 3/100
Evidence: Low Range HK$0.2400 – HK$0.6400 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Share price −1.9% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.6400). The favourable scenario is already priced in.
  • The model range is unusually wide (HK$0.2400 to HK$0.6400). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$0.9700 HK$0.1859 Fair Value HK$0.4500 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$0.1859 – HK$0.9700 · fair‑value band HK$0.2400 – HK$0.6400 · the HK$0.7750 price screens above the HK$0.4500 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Golden Faith Group Holdings Ltd (2863) currently trades at HK$0.7750, while our model-based Fair Value estimate is HK$0.4500, implying the stock looks roughly 41.9% overvalued today. The Quality Score stands at 52/100 (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: low).

Over the trailing twelve months, Golden Faith Group Holdings Ltd generated revenue of HK$404M at a net margin of -6.3%. Revenue declined 23.6% year over year. It earns a return on equity of -10.2%. The balance sheet holds a net cash position of HK$67.5M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2400 (bear case) to HK$0.6400 (bull case); at HK$0.7750, the current price sits above 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 17% below its 52-week high and 163% 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 -42%, 2863 screens richer 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$0.2300 HK$0.4100 HK$0.5600 70
DDM Multi-Stage HK$0.2300 HK$0.3700 HK$0.4300 61
NCAV (Graham) HK$0.1700 HK$0.2300 HK$0.3500 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.2300 HK$0.4100 HK$0.5600 70
DDM Multi-Stage HK$0.2300 HK$0.3700 HK$0.4300 61
Asset-Based
NCAV (Graham) HK$0.1700 HK$0.2300 HK$0.3500 50

Widest divergence: Dividend Discount (HK$0.3700) versus Asset-Based (HK$0.2300). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$404M
Revenue growth (YoY) -23.6%
Net margin -6.3%
Return on equity -10.2%
Free cash flow −HK$32.8M FY2025
Operating margin 0.0%
More key figures
EPS (TTM) HK$-0.0400
EPS growth (YoY) +50.0%
Net cash HK$67.5M FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 82

Profitability 22
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 80
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

Golden Faith Group Holdings Limited, an investment holding company, engages in the provision of electrical and mechanical engineering services in Hong Kong. It offers engineering services, including electrical and extra-low voltage (ELV) system work and ventilation, and air-conditioning system works.

Full company description

Golden Faith Group Holdings Limited, an investment holding company, engages in the provision of electrical and mechanical engineering services in Hong Kong. It offers engineering services, including electrical and extra-low voltage (ELV) system work and ventilation, and air-conditioning system works. The company undertakes projects in public sectors, which comprise hospital-related public projects, government office complex, and departmental headquarter. Golden Faith Group Holdings Limited was founded in 1987 and is headquartered in Hong Kong, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Golden Faith Group Holdings Ltd reported revenue of HK$467M in FY2025 versus HK$255M in FY2021, a compound +16.4%/yr. Reported net income was −HK$17.9M in FY2025.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$467M
Latest YoY
−36.6%
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.
+10.2%
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.
+13.1%
Avg. growth/yr (11Y) 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.
+12.1%
Revenue +16.4%/yr
FY21 HK$255M
FY22 HK$349M
FY23 HK$671M
FY24 HK$737M
FY25 HK$467M
Net income
FY21 HK$17.0M
FY22 HK$11.6M
FY23 −HK$21.6M
FY24 −HK$6.3M
FY25 −HK$17.9M

2863 screens 42% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Golden Faith Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2863

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.

Quality Score 52 · Above median
Fair Value upside −42% · Below median
Return on assets -6% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -0% · Below median
Revenue growth -24% · Bottom 25%
Dividend yield (TTM) 4.0% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.16× · 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 0 · sector 14
FUTURE 0 · sector 15
PAST 0 · sector 26
HEALTH 100 · sector 94
DIVIDEND 81 · sector 43

VALUE 0: the price sits above our fair-value range.

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 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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Frequently asked questions

Is Golden Faith Group Holdings Ltd (2863) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.4500 versus a price of HK$0.7750, about −42% (overvalued).
What is the fair value of 2863?
Our model-based fair value for Golden Faith Group Holdings Ltd is HK$0.4500 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.7750.
What is the quality score of 2863?
Golden Faith Group Holdings Ltd has a Quality Score of 52/100. 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 Golden Faith Group Holdings Ltd (2863)?
Golden Faith Group Holdings Ltd reported trailing-twelve-month revenue of about HK$404M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2863?
The net profit margin of Golden Faith Group Holdings Ltd is about -6.3%, 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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