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China Success Finance Group (3623) Fair Value & Analysis

Financial Services · HK · Market cap HK$309M

CS China Success Finance Group 3623 · HK
PriceHK$0.6800
Fair ValueHK$0.1400
Upside-79.4%
Quality45/100
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Weak Growth
Loss-making · -54.8% net margin
Low debt · generates free cash flow
Trails peers (3/11)
Narrow moat 1/100
Evidence: Medium Range HK$0.1300 – HK$0.1500 Share as image

Fair value as of: Aug 6, 2026

From 5 valuation models · updated 4 days ago

Share price +36.0% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1500). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • 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$1.53 HK$0.4500 Fair Value HK$0.1400 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$0.4500 – HK$1.53 · fair‑value band HK$0.1300 – HK$0.1500 · the HK$0.6800 price screens above the HK$0.1400 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

China Success Finance Group (3623) currently trades at HK$0.6800, while our model-based Fair Value estimate is HK$0.1400, implying the stock looks roughly 79.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Financial Services 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: medium).

Over the trailing twelve months, China Success Finance Group generated revenue of HK$44.7M at a net margin of -54.8%. Revenue grew 200.7% year over year. It earns a return on equity of -12.8%. The balance sheet holds a net cash position of HK$90.8M. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$0.1300 (bear case) to HK$0.1500 (bull case); at HK$0.6800, 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 59% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at -79%, 3623 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
Growth DCF HK$0.2000 HK$0.2100 HK$0.2200 80
Rev-Margin DCF HK$0.2000 HK$0.2100 HK$0.2300 74
Gordon GGM HK$0.1200 HK$0.1200 HK$0.1400 70
All 5 models by family
Dividend Discount
Gordon GGM HK$0.1200 HK$0.1200 HK$0.1400 70
DDM Multi-Stage HK$0.1200 HK$0.1400 HK$0.1700 61
Asset-Based
NCAV (Graham) HK$0.2500 HK$0.3400 HK$0.5000 50
Growth DCF
Growth DCF HK$0.2000 HK$0.2100 HK$0.2200 80
Rev-Margin DCF HK$0.2000 HK$0.2100 HK$0.2300 74

Widest divergence: Asset-Based (HK$0.3400) versus Dividend Discount (HK$0.1200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$44.7M
Revenue growth (YoY) +201%
Net margin -54.8%
Return on equity -12.8%
Free cash flow HK$2.5M FY2025
Operating margin -55.1%
More key figures
Net cash HK$90.8M FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 52 · Market factors (momentum, volatility) 26

Profitability 1
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 27
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

China Success Finance Group Holdings Limited, an investment holding company, provides financial and non-financial guarantee, financial leasing, factoring, and financial consulting and maintenance services in the People's Republic of China, South Africa, and Australia. It operates through Financial Services: Market Hog: and Energy Storage segments.

Full company description

China Success Finance Group Holdings Limited, an investment holding company, provides financial and non-financial guarantee, financial leasing, factoring, and financial consulting and maintenance services in the People's Republic of China, South Africa, and Australia. It operates through Financial Services: Market Hog: and Energy Storage segments. The company offers financial guarantees, such as corporate financial, individual credit, financial leasing equipment, trusteeship, joint bond, corporate bond issuance, non-financing, and performance guarantees, as well as letter of guarantee for construction, and financing/financial consultancy and financial technology services. It also provides asset management services, including investment and financing management, asset/debt restructuring, special asset acquisition, corporate financial management, and financial consultancy services; and invests in equity. In addition, the company offers fund management, such as private equity, fund operation, asset management, and investment advisory services; financial leasing services, such as direct, trusted, and joint leasing, as well as sale-leaseback and bank factoring; and investment and acquisition, overseas capital, supply chain finance, and micro credit services. Further, the company sells market hogs and trades in energy storage system. China Success Finance Group Holdings Limited was founded in 1996 and is based in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Success Finance Group reported revenue of HK$43.4M in FY2025 versus HK$109M in FY2021, a compound −20.5%/yr. Reported net income was −HK$23.8M in FY2025.

Growth Quality 10/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$43.4M
Latest YoY
−35.1%
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.
−22.2%
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.
−25.2%
Avg. growth/yr (15Y) 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.
−0.1%
Revenue −20.5%/yr
FY21 HK$109M
FY22 HK$92.0M
FY23 HK$22.7M
FY24 HK$66.9M
FY25 HK$43.4M
Net income
FY21 −HK$71.2M
FY22 −HK$74.2M
FY23 −HK$33.4M
FY24 −HK$39.1M
FY25 −HK$23.8M

3623 screens 79% overvalued. Compare with ORIX Corporation →

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Cite: Fair Value Calculator (2026). "China Success Finance Group Fair Value". https://www.fairvalue-calculator.com/stock/3623

Peer Group

Financial Conglomerates · 55 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 49 · Below median
Fair Value upside −79% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -55% · Bottom 25%
Operating margin (TTM) -55% · Bottom 25%
Revenue growth 201% · Top 25%
Debt / equity 0.37× · Higher than median

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 0.88× · Cheaper than 75% of peers
P/FCF 16.0× · Pricier 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 13
FUTURE 100 · sector 39
PAST 0 · sector 33
HEALTH 82 · sector 84
DIVIDEND 0 · sector 41

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

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Yuanta Financial Holding 2885 66.70 TWD 35.75 TWD -46%
China Galaxy Securities Co 601881 ¥12.94 ¥18.92 +46%
Guosen Securities Co 002736 ¥10.34 ¥17.96 +74%
CNPC Capital Company 000617 ¥6.80 ¥5.78 -15%
Aditya Birla Capital Limited ABCAPITAL ₹399.25 ₹176.15 -56%
Freedom Holding FRHC $152.69 $32.75 -79%
Voya Financial, Inc VOYA $98.49 $76.48 -22%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.77 ¥9.27 +19%

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Frequently asked questions

Is China Success Finance Group (3623) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$0.1400 versus a price of HK$0.6800, about −79% (overvalued).
What is the fair value of 3623?
Our model-based fair value for China Success Finance Group is HK$0.1400 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$0.6800.
What is the quality score of 3623?
China Success Finance Group has a Quality Score of 45/100. 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 China Success Finance Group (3623)?
China Success Finance Group reported trailing-twelve-month revenue of about HK$44.7M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 3623?
The net profit margin of China Success Finance Group is about -54.8%, 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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