Hang Sang (Siu Po) Intl Hldg (3626) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Hang Sang (Siu Po) Intl Hldg HK$0.35, price HK$2.10, upside -83.3%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.2410 – HK$17.70 · fair‑value band HK$0.3200 – HK$0.3800 · the HK$2.10 price screens above the HK$0.3500 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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East Nova Holdings Limited, an investment holding company, engages in the manufacture and sale of apparel labels and packaging printing products. It offers leaflets/newsletters, greeting/catering cards, calendars, books/catalogs, and business cards, as well as stationery and packaging products.
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East Nova Holdings Limited, an investment holding company, engages in the manufacture and sale of apparel labels and packaging printing products. It offers leaflets/newsletters, greeting/catering cards, calendars, books/catalogs, and business cards, as well as stationery and packaging products. The company is also involved in trading and online distribution of food products, daily necessities, and utility products; and operation of a café. It operates in Hong Kong, South Korea, New Zealand, Vietnam, the United States, Taiwan, China, Indonesia, India, Bangladesh, Macau, El Salvador, Jordan, and internationally. The company was formerly known as Hang Sang (Siu Po) International Holding Company Limited and changed its name to East Nova Holdings Limited in December 2025. The company was founded in 1999 and is headquartered in Cheung Sha Wan, Hong Kong. East Nova Holdings Limited is a subsidiary of Wade Investment SPC Ltd.
Stock analysis
Hang Sang (Siu Po) Intl Hldg (3626) currently trades at HK$2.10, while our model-based Fair Value estimate is HK$0.3500, 83.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of HK$1.23 per share, and 0 of the 24 models we run sit above the HK$2.10 price.
Bear case: the Asset-Based group reads lowest at HK$0.0800, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.3200 (bear) to HK$0.3800 (bull), the price of HK$2.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 78/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hang Sang (Siu Po) Intl Hldg reported revenue of HK$95.2M in FY2025 versus HK$62.7M in FY2021, a compound +11.0%/yr. Reported net income was HK$2.7M in FY2025.
Key figures
Market cap HK$386M (≈ $49.2M) · P/E ratio 170.0 · P/S ratio 4.75 · EPS (TTM) HK$0.0200 · Dividend yield 6.4% · Net margin 2.8% · Return on equity 9.1% · Return on assets (EBIT) −9.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 80% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −83%, 3626 screens richer than that median.
Fair Value models
Bear HK$0.3200Fair Value HK$0.3500Bull HK$0.3800
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (HK$0.0200 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+35.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic). Over 10 years: −3.3% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.8%
Dividend (yield on the price)6.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.8% vs −21.8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−13% → 7%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 8.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+28.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +25.7% a year for the price.
Compare Hang Sang (Siu Po) Intl Hldg with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 238 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside−83.3% · Bottom 25%
Profitability
Return on equity (TTM)9.1% · Below median
Return on assets8.0% · Top 25%
Net margin (TTM)2.9% · Below median
Operating margin (TTM)6.8% · Below median
Growth and dividend
Revenue growth2.1% · Below median
Dividend yield (TTM)6.4% · Top 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (TTM)170.0× · Priciest 25%
P/B17.15× · Priciest 25%
P/S (TTM)4.02× · Priciest 25%
P/FCF41.7× · Priciest 25%
EV/EBITDA40.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)11· sector 29
PAST (return on equity)36· sector 36
HEALTH (low debt)0· sector 92
DIVIDEND (yield)100· sector 54
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hang Sang (Siu Po) Intl Hldg Fair Value". https://www.fairvalue-calculator.com/stock/3626
Frequently asked questions
Is Hang Sang (Siu Po) Intl Hldg (3626) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.3500 versus a price of HK$2.10, about −83% upside (overvalued).
What is the fair value of 3626?
Our model-based fair value for Hang Sang (Siu Po) Intl Hldg is HK$0.3500 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$2.10.
What is the quality score of 3626?
Hang Sang (Siu Po) Intl Hldg has a Quality Score of 78/100. 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 price target for Hang Sang (Siu Po) Intl Hldg (3626)?
Our model-based price target is the fair value of HK$0.3500 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario HK$0.3200, optimistic scenario HK$0.3800. It is a calculation from audited fundamentals, not an analyst target.
What is the Hang Sang (Siu Po) Intl Hldg stock forecast for 2026?
Our models put fair value at HK$0.3500, about −83% upside versus a price of HK$2.10 (overvalued). Cautious scenario HK$0.3200, optimistic scenario HK$0.3800. The calculation is refreshed regularly with new filings.
What is the revenue of Hang Sang (Siu Po) Intl Hldg (3626)?
Hang Sang (Siu Po) Intl Hldg reported trailing-twelve-month revenue of about HK$96.1M (latest available figure, as of Sep 27, 2026).
Does Hang Sang (Siu Po) Intl Hldg pay a dividend?
Hang Sang (Siu Po) Intl Hldg currently shows a dividend yield of about 6.35% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Hang Sang (Siu Po) Intl Hldg (3626)?
For today's price to be fair in a discounted-cash-flow model, Hang Sang (Siu Po) Intl Hldg would have to grow free cash flow by +28.4 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 3626 use?
Our models discount Hang Sang (Siu Po) Intl Hldg at 11.3 %: a base by market capitalisation (nano), damped by beta 1.38, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hang Sang (Siu Po) Intl Hldg that is +28.4 % per year a year over ten years, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Hang Sang (Siu Po) Intl Hldg (3626) delivered so far?
Over the past 5 years revenue at Hang Sang (Siu Po) Intl Hldg grew +7.9 % a year. The price currently implies +28.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hang Sang (Siu Po) Intl Hldg (3626) growing?
The median revenue growth in the sector is +5.0 % a year. That is the yardstick for the growth priced into Hang Sang (Siu Po) Intl Hldg (+28.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hang Sang (Siu Po) Intl Hldg (3626)?
The free-cash-flow yield on the price is 2.40 %: that much free cash flow Hang Sang (Siu Po) Intl Hldg produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hang Sang (Siu Po) Intl Hldg (3626)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hang Sang (Siu Po) Intl Hldg it is HK$0.3500 per share (as of Sep 27, 2026), against a price of HK$2.10. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Hang Sang (Siu Po) Intl Hldg stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 3626 trades above its calculated fair value: price HK$2.10, fair value HK$0.3500, a gap of about −83% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 3626?
No. The price is what the market pays today (HK$2.10); the fair value is what the company's own numbers justify (HK$0.3500). For Hang Sang (Siu Po) Intl Hldg the two are HK$1.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hang Sang (Siu Po) Intl Hldg worth?
The market values Hang Sang (Siu Po) Intl Hldg at about HK$386M (market capitalisation, as of Sep 27, 2026). Per share that is HK$2.10; our models calculate a fair value of HK$0.3500 per share.
What do the bullish and bearish scenarios say about 3626?
Our models span a range for Hang Sang (Siu Po) Intl Hldg: cautious scenario HK$0.3200, base HK$0.3500, optimistic HK$0.3800 per share (as of Sep 27, 2026, price HK$2.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3626?
Hang Sang (Siu Po) Intl Hldg trades at a price-to-earnings ratio of 170.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.3500 is built from several models across several years. Other multiples: P/B 17.2, P/S 4.0, EV/EBITDA 40.4.
How solid is the balance sheet of Hang Sang (Siu Po) Intl Hldg (3626)?
Balance-sheet figures for Hang Sang (Siu Po) Intl Hldg (as of Sep 27, 2026): return on equity 9.1%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 3626 from its 52-week high?
Hang Sang (Siu Po) Intl Hldg trades at HK$2.10, about 80% below its 52-week high of HK$10.50 and 50% above the low of HK$1.40 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.3500 is for.
Which stocks are comparable to Hang Sang (Siu Po) Intl Hldg?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hang Sang (Siu Po) Intl Hldg stock attractive at the current price?
The data as of Sep 27, 2026: price HK$2.10, calculated fair value HK$0.3500 (−83%), Quality Score 78/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 3626 calculated?
We run Hang Sang (Siu Po) Intl Hldg through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.3500, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Hang Sang (Siu Po) Intl Hldg itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hang Sang (Siu Po) Intl Hldg (3626)?
The closing price on Sep 30, 2026 was HK$2.10. Our model-based fair value is HK$0.3500, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hang Sang (Siu Po) Intl Hldg right now?
A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (HK$0.3800). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Hang Sang (Siu Po) Intl Hldg
How large is the market capitalisation of Hang Sang (Siu Po) Intl Hldg (3626)?
The market capitalisation of Hang Sang (Siu Po) Intl Hldg is HK$386M (≈ $49.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hang Sang (Siu Po) Intl Hldg (3626)?
The price-to-sales ratio of Hang Sang (Siu Po) Intl Hldg is 4.75 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hang Sang (Siu Po) Intl Hldg (3626)?
Earnings per share at Hang Sang (Siu Po) Intl Hldg are HK$0.0200 (price ÷ EPS = P/E 170.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hang Sang (Siu Po) Intl Hldg (3626)?
The dividend yield of Hang Sang (Siu Po) Intl Hldg is 6.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hang Sang (Siu Po) Intl Hldg (3626)?
The net margin of Hang Sang (Siu Po) Intl Hldg is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hang Sang (Siu Po) Intl Hldg (3626)?
The return on equity (ROE) of Hang Sang (Siu Po) Intl Hldg is 9.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hang Sang (Siu Po) Intl Hldg (3626)?
On an EBIT basis the return on assets of Hang Sang (Siu Po) Intl Hldg is −9.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hang Sang (Siu Po) Intl Hldg (3626)?
The operating margin of Hang Sang (Siu Po) Intl Hldg is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hang Sang (Siu Po) Intl Hldg (3626)?
Revenue at Hang Sang (Siu Po) Intl Hldg is growing +2.1% versus a year earlier (3y avg +8.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hang Sang (Siu Po) Intl Hldg (3626)?
Earnings per share at Hang Sang (Siu Po) Intl Hldg are growing +5.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hang Sang (Siu Po) Intl Hldg (3626) hold?
Hang Sang (Siu Po) Intl Hldg holds more cash than debt, HK$6.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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