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Far East Horizon Limited (3360) Fair Value & Analysis

Financial Services · HK · Market cap HK$26.7B

FE Far East Horizon Limited 3360 · HK
PriceHK$6.61
Fair ValueHK$12.38
Upside+87.3%
Quality47/100
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Expensive Growth
Solidly profitable · 11.5% net margin
High debt · negative free cash flow
9.40% dividend yield
Mixed vs. peers (6/13)
Moderate moat 46/100
Evidence: High Range HK$9.29 – HK$15.48 Share as image

Fair value as of: Aug 6, 2026

From 9 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from HK$11.24 to HK$12.38 (+10.1%) since Jul 2, 2026. Share price +13.6% over the past month.

Below-average quality, screening 87% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$9.29). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

HK$8.17 HK$3.13 Fair Value HK$12.38 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range HK$3.13 – HK$8.17 · fair‑value band HK$9.29 – HK$15.48 · the HK$6.61 price screens below the HK$12.38 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Far East Horizon Limited (3360) currently trades at HK$6.61, while our model-based Fair Value estimate is HK$12.38, implying the stock looks roughly 87.3% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Financial Services 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, Far East Horizon Limited generated revenue of HK$33.8B at a net margin of 11.5%. Revenue declined 8.4% year over year. It earns a return on equity of 6.8%. Net debt stands at HK$246B. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$9.29 (bear case) to HK$15.48 (bull case); at HK$6.61, 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 19% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 87%, 3360 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$9.05 HK$9.64 HK$10.54 76
Gordon GGM HK$4.24 HK$8.82 HK$13.98 70
P/E Multiple HK$7.99 HK$10.66 HK$13.32 63
All 9 models by family
DCF Models
Owner Earnings HK$5.12 HK$33.51 31
Earnings-Based
Graham-Dodd HK$5.58 HK$33.33 HK$46.45 54
Lynch FV HK$9.49 HK$13.56 HK$17.63 50
Dividend Discount
Gordon GGM HK$4.24 HK$8.82 HK$13.98 70
DDM Multi-Stage HK$4.24 HK$7.43 HK$9.25 61
Multiples
P/E Multiple HK$7.99 HK$10.66 HK$13.32 63
P/B Multiple HK$10.45 HK$13.94 HK$17.42 55
Asset-Based
NCAV (Graham) HK$5.48 HK$7.34 HK$10.96 50
Economic Profit
Residual Income HK$9.05 HK$9.64 HK$10.54 76

Widest divergence: Earnings-Based (HK$13.56) versus DCF Models (HK$5.12). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$33.8B
Revenue growth (YoY) -8.4%
Net margin 11.5%
Return on equity 6.8%
Free cash flow −HK$1.8B FY2025
P/E ratio 5.9
More key figures
Operating margin 19.7%
EPS (TTM) HK$0.4700
Dividend yield 9.4%
EPS growth (YoY) -6.7%
Net debt HK$246B FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 40 · Market factors (momentum, volatility) 42

Profitability 26
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 89
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

Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. It operates in two segments, Financial and advisory; and Industrial Operation segments.

Full company description

Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. It operates in two segments, Financial and advisory; and Industrial Operation segments. The company offers direct finance leasing; sale-leaseback; factoring; entrusted loans; operating lease and sale of related equipment and materials; engineering technical services; advisory and construction services. It is also involved in the import and export, sale and leasing of new and used equipment; and sales of equipment and spare parts, medical engineering, hospital and healthcare management, and education consulting and management services, as well as trades in tools and accessories machinery. In addition, the company engages in engineering and trading; operating leasing; supply chain management services; domestic freight forwarding; ecotechnology; administrative services, logistics services, equipment and machinery trading, building materials trading; and investment management. It serves healthcare, cultural and tourism, engineering construction, machinery, chemical and medicine, electronic information, public consuming, transportation and logistics, urban public utility, and other industries. The company was formerly known as Far Eastern Hong Xin Co., Limited and changed its name to Far East Horizon Limited in November 2010. The company was incorporated in 2008 and is headquartered Kowloon, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Far East Horizon Limited reported revenue of HK$33.8B in FY2025 versus HK$31.7B in FY2021, a compound +1.6%/yr. Reported net income was HK$3.9B in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$33.8B
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.
+6.0%
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.
+7.0%
Avg. growth/yr (17Y) 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.
+42.4%
Revenue +1.6%/yr
FY21 HK$31.7B
FY22 HK$34.1B
FY23 HK$36.6B
FY24 HK$37.7B
FY25 HK$33.8B
Net income −9.9%/yr
FY21 HK$5.9B
FY22 HK$6.4B
FY23 HK$6.3B
FY24 HK$3.9B
FY25 HK$3.9B
Character of growth · EPS growth decomposed (2014-2025) +3.4 % p.a.
Revenue per share +9.6 pp

of which total revenue +13.1 pp · buybacks/dilution −3.5 pp

EBIT margin +5.1 pp
Tax rate −2.8 pp
Residual (interest, one-offs) −8.5 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).

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Cite: Fair Value Calculator (2026). "Far East Horizon Limited Fair Value". https://www.fairvalue-calculator.com/stock/3360

Peer Group

Credit Services · 331 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 46 · Below median
Fair Value upside +87% · Top 25%
Return on equity (TTM) 7% · Below median
Return on assets 1% · Below median
Net margin (TTM) 12% · Below median
Operating margin (TTM) 20% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 9.4% · Top 25%
Debt / equity 2.56× · Higher than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 5.9× · Cheaper than 75% of peers
P/B 0.51× · Cheaper than 75% of peers
P/S (TTM) 0.79× · Cheaper than 75% of peers
EV/EBITDA 6.4× · 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 100 · sector 37
FUTURE 0 · sector 39
PAST 27 · sector 32
HEALTH 0 · sector 58
DIVIDEND 100 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Far East Horizon Limited (3360) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$12.38 versus a price of HK$6.61, about +87% (undervalued).
What is the fair value of 3360?
Our model-based fair value for Far East Horizon Limited is HK$12.38 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$6.61.
What is the quality score of 3360?
Far East Horizon Limited has a Quality Score of 47/100. 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 Far East Horizon Limited (3360)?
Far East Horizon Limited reported trailing-twelve-month revenue of about HK$33.8B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 3360?
The net profit margin of Far East Horizon Limited is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Far East Horizon Limited pay a dividend?
Far East Horizon Limited currently shows a dividend yield of about 9.40% relative to its recent price (as of Aug 6, 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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