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Sam Woo Construction Group Ltd (3822) Fair Value & Analysis

Industrials · HK · Market cap HK$89.9M

SW Sam Woo Construction Group Ltd 3822 · HK
PriceHK$1.09
Fair ValueHK$1.11
Upside+1.5%
Quality70/100
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Mixed Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
10.17% dividend yield
Ranks above peers (13/13)
Narrow moat 44/100
Evidence: High Range HK$0.8195 – HK$1.39 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Share price +11.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$0.8195 (bear) to HK$1.39 (bull), base HK$1.11. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$2.32 HK$0.0025 Fair Value HK$1.11 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$0.0025 – HK$2.32 · fair‑value band HK$0.8195 – HK$1.39 · the HK$1.09 price screens below the HK$1.11 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sam Woo Construction Group Ltd (3822) currently trades at HK$1.09, while our model-based Fair Value estimate is HK$1.11, implying the stock looks roughly 1.5% fairly valued today. The Quality Score stands at 70/100 (solid quality), in the Industrials 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, Sam Woo Construction Group Ltd generated revenue of HK$962M at a net margin of 5.7%. Revenue grew 20.8% year over year. It earns a return on equity of 11.0%. Net debt stands at HK$41.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.8195 (bear case) to HK$1.39 (bull case); at HK$1.09, the current price sits within 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 23% below its 52-week high and 102% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 2%, 3822 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
Growth DCF HK$15.75 HK$23.08 HK$32.84 80
Residual Income HK$5.03 HK$5.43 HK$6.25 76
Rev-Margin DCF HK$11.71 HK$17.33 HK$24.60 74
All 26 models by family
DCF Models
FCF DCF HK$16.02 HK$24.52 HK$36.71 38
Owner Earnings HK$8.92 HK$13.25 HK$19.47 31
5Y Revenue Exit HK$11.71 HK$17.28 HK$24.50 39
5Y EBITDA Exit HK$14.21 HK$22.41 HK$32.47 41
5Y P/E Exit HK$13.14 HK$20.22 HK$28.12 38
10Y Revenue Exit HK$13.14 HK$18.54 HK$26.23 36
10Y EBITDA Exit HK$14.74 HK$21.75 HK$31.91 37
10Y P/E Exit HK$14.14 HK$20.38 HK$28.82 35
Earnings-Based
Graham-Dodd HK$4.61 HK$21.24 HK$29.16 54
Lynch FV HK$5.59 HK$7.98 HK$10.38 50
PEG = 1.0 HK$5.59 HK$7.98 HK$10.38 46
EPV HK$6.81 HK$7.44 HK$7.95 59
Dividend Discount
Gordon GGM HK$0.8400 HK$1.40 HK$1.82 70
DDM Multi-Stage HK$0.8400 HK$1.33 HK$1.51 61
Multiples
P/E Multiple HK$10.67 HK$14.23 HK$17.79 63
P/S Multiple HK$8.64 HK$11.52 HK$14.40 58
P/B Multiple HK$8.64 HK$11.52 HK$14.40 55
EV/EBIT HK$11.99 HK$15.47 HK$18.96 53
EV/EBITDA HK$14.20 HK$18.42 HK$22.64 54
EV/Revenue HK$9.00 HK$12.19 HK$15.39 43
Asset-Based
NCAV (Graham) HK$3.13 HK$4.19 HK$6.26 50
Growth DCF
Growth DCF HK$15.75 HK$23.08 HK$32.84 80
Rev-Margin DCF HK$11.71 HK$17.33 HK$24.60 74
Economic Profit
Residual Income HK$5.03 HK$5.43 HK$6.25 76
ROIC Compounder HK$6.99 HK$8.20 HK$9.68 72
Growth Earnings
Growth-Adj P/E HK$8.95 HK$12.78 HK$16.61 68

Widest divergence: DCF Models (HK$20.22) versus Dividend Discount (HK$1.33). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$962M
Revenue growth (YoY) +20.8%
Net margin 5.7%
Return on equity 11.0%
Free cash flow HK$131M FY2026
P/E ratio 1.6 as of Jul 2, 2026
More key figures
Operating margin 13.5%
EPS (TTM) HK$0.5600
Dividend yield 10.2%
EPS growth (YoY) +1,365%
Net debt HK$41.2M FY2026

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 66

Profitability 45
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 81
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

Sam Woo Construction Group Limited, an investment holding company, provides foundation works and ancillary services in Hong Kong and Macau. It undertakes the construction of bored piles and rock socketed H-piles; and excavation and lateral support works. The company also offers site investigation and removal of installed piles.

Full company description

Sam Woo Construction Group Limited, an investment holding company, provides foundation works and ancillary services in Hong Kong and Macau. It undertakes the construction of bored piles and rock socketed H-piles; and excavation and lateral support works. The company also offers site investigation and removal of installed piles. In addition, it is involved in the trading and leasing of machinery and equipment. The company was incorporated in 2012 and is headquartered in Tsim Sha Tsui, Hong Kong. Sam Woo Construction Group Limited is a subsidiary of Actiease Assets Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sam Woo Construction Group Ltd reported revenue of HK$835M in FY2026 versus HK$363M in FY2022, a compound +23.2%/yr. Reported net income was HK$56.9M in FY2026.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$835M
Latest YoY
−5.2%
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.
+26.1%
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.
+18.6%
Avg. growth/yr (14Y) 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.
+16.5%
Revenue +23.2%/yr
FY22 HK$363M
FY23 HK$417M
FY24 HK$458M
FY25 HK$881M
FY26 HK$835M
Net income
FY22 −HK$101M
FY23 −HK$31.5M
FY24 −HK$28.3M
FY25 HK$10.9M
FY26 HK$56.9M
Character of growth · EPS growth decomposed (2015-2026) −15.1 % p.a.
Revenue per share −1.3 pp

of which total revenue −0.6 pp · buybacks/dilution −0.7 pp

EBIT margin −12.1 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −1.7 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). "Sam Woo Construction Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3822

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 70 · Top 25%
Fair Value upside +2% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 21% · Above median
Dividend yield (TTM) 10.2% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 1.6× · Cheaper than 75% of peers
P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 0.1× · 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 36 · sector 14
FUTURE 100 · sector 15
PAST 44 · sector 26
HEALTH 99 · sector 94
DIVIDEND 100 · sector 43

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 Sam Woo Construction Group Ltd (3822) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.11 versus a price of HK$1.09, about +2% (fairly valued).
What is the fair value of 3822?
Our model-based fair value for Sam Woo Construction Group Ltd is HK$1.11 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.09.
What is the quality score of 3822?
Sam Woo Construction Group Ltd has a Quality Score of 70/100. 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 Sam Woo Construction Group Ltd (3822)?
Sam Woo Construction Group Ltd reported trailing-twelve-month revenue of about HK$962M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3822?
The net profit margin of Sam Woo Construction Group Ltd is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Sam Woo Construction Group Ltd pay a dividend?
Sam Woo Construction Group Ltd currently shows a dividend yield of about 10.17% relative to its recent price (as of Aug 13, 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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