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Golden Power Group Holdings Ltd (3919) Fair Value & Analysis

Industrials · HK · Market cap HK$27.2M

GP Golden Power Group Holdings Ltd 3919 · HK
PriceHK$0.6750
Fair ValueHK$0.1800
Upside-73.3%
Quality46/100
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Weak Growth
Thin margins · 0.1% net margin
Low debt · negative free cash flow
Trails peers (3/12)
Narrow moat 15/100
Evidence: Medium Range HK$0.1300 – HK$0.2200 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 3 days ago

Share price −17.7% over the past month.

Below-average quality, and screening another 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.2200). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$8.28 HK$0.6000 Fair Value HK$0.1800 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$0.6000 – HK$8.28 · fair‑value band HK$0.1300 – HK$0.2200 · the HK$0.6750 price screens above the HK$0.1800 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Golden Power Group Holdings Ltd (3919) currently trades at HK$0.6750, while our model-based Fair Value estimate is HK$0.1800, implying the stock looks roughly 73.3% overvalued today. The Quality Score stands at 46/100 (below-average 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: medium).

Over the trailing twelve months, Golden Power Group Holdings Ltd generated revenue of HK$334M at a net margin of 0.1%. Revenue grew 8.8% year over year. Net debt stands at HK$200M. The stock trades on a trailing P/E of 70.0 (as of Jul 2, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1300 (bear case) to HK$0.2200 (bull case); at HK$0.6750, 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 78% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -73%, 3919 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
ROIC Compounder HK$0.1800 HK$0.3100 HK$0.4100 72
Growth-Adj P/E HK$0.0900 HK$0.1300 HK$0.1700 68
P/E Multiple HK$0.1300 HK$0.1800 HK$0.2200 63
All 12 models by family
Earnings-Based
Graham-Dodd HK$0.0600 HK$0.0800 HK$0.0900 54
EPV HK$0.1800 HK$0.3100 HK$0.4100 59
Multiples
P/E Multiple HK$0.1300 HK$0.1800 HK$0.2200 63
P/S Multiple HK$0.1100 HK$0.1400 HK$0.1800 58
P/B Multiple HK$0.1100 HK$0.1400 HK$0.1800 55
EV/EBIT HK$1.24 HK$1.96 HK$2.67 53
EV/EBITDA HK$5.57 HK$7.73 HK$9.89 54
EV/Revenue HK$0.6300 HK$1.28 HK$1.94 43
Asset-Based
NCAV (Graham) HK$3.79 HK$5.08 HK$7.58 50
Economic Profit
Residual Income HK$4.52 HK$3.94 HK$2.27 61
ROIC Compounder HK$0.1800 HK$0.3100 HK$0.4100 72
Growth Earnings
Growth-Adj P/E HK$0.0900 HK$0.1300 HK$0.1700 68

Widest divergence: Asset-Based (HK$5.08) versus Earnings-Based (HK$0.0800). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) HK$334M
Revenue growth (YoY) +8.8%
Net margin 0.1%
Return on equity 0.0%
Free cash flow −HK$15.8M FY2025
P/E ratio 70.0 as of Jul 2, 2026
More key figures
Operating margin 1.7%
EPS (TTM) HK$-0.1100
EPS growth (YoY) -75.1%
Net debt HK$200M FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 19

Profitability 19
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 100
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 Power Group Holdings Limited, an investment holding company, engages in the manufacture and sale batteries for various electronic devices in the People's Republic of China, Hong Kong, and internationally. It operates in two segments, Disposable Batteries, and Rechargeable Batteries and Other Battery-Related Products.

Full company description

Golden Power Group Holdings Limited, an investment holding company, engages in the manufacture and sale batteries for various electronic devices in the People's Republic of China, Hong Kong, and internationally. It operates in two segments, Disposable Batteries, and Rechargeable Batteries and Other Battery-Related Products. The company offers cylindrical batteries and micro-button cells, battery chargers, battery power packs, and electric fans. It is also involved in property holding and investment; intellectual property holding; general trading and investment activities; and trading of batteries, storage batteries, and battery-related products. The company sells its products under the Golden Power brand and brands of its private label and OEM customers. The company was founded in 1972 and is headquartered in Tai Po, Hong Kong. Golden Power Group Holdings Limited operates as a subsidiary of Golden Villa Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Golden Power Group Holdings Ltd reported revenue of HK$334M in FY2025 versus HK$347M in FY2021, a compound −1.0%/yr. Reported net income was HK$326K in FY2025, compounding −48.7%/yr from FY2021.

Growth Quality 27/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$334M
Latest YoY
+5.0%
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.
+0.3%
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.
+1.1%
Avg. growth/yr (12Y) 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.
−0.8%
Revenue −1.0%/yr
FY21 HK$347M
FY22 HK$330M
FY23 HK$270M
FY24 HK$318M
FY25 HK$334M
Net income −48.7%/yr
FY21 HK$4.7M
FY22 −HK$22.8M
FY23 −HK$10.9M
FY24 −HK$6.4M
FY25 HK$326K

3919 screens 73% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Golden Power Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3919

Peer Group

Electrical Equipment & Parts · 527 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 −73% · Bottom 25%
Return on equity (TTM) 0% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth 9% · Below median
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 70.0× · Pricier than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
EV/EBITDA 4.3× · 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 0
FUTURE 44 · sector 57
PAST 0 · sector 26
HEALTH 91 · sector 97
DIVIDEND 0 · sector 23

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 208,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%

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Frequently asked questions

Is Golden Power Group Holdings Ltd (3919) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1800 versus a price of HK$0.6750, about −73% (overvalued).
What is the fair value of 3919?
Our model-based fair value for Golden Power Group Holdings Ltd is HK$0.1800 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.6750.
What is the quality score of 3919?
Golden Power Group Holdings Ltd has a Quality Score of 46/100. 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 Power Group Holdings Ltd (3919)?
Golden Power Group Holdings Ltd reported trailing-twelve-month revenue of about HK$334M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3919?
The net profit margin of Golden Power Group Holdings Ltd is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. 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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