Zhou Liu Fu Jewellery Co Ltd (6168) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Zhou Liu Fu Jewellery Co Ltd HK$2.50, price HK$12.80, upside -80.5%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value HK$2.50 · Strongly overvalued (−80%)
!Quality 55/100
!Expensive Growth(revenue 5y +184.4 %/yr)
✓Solidly profitable · 13.2% net margin (FY2025)
!Low debt · negative free cash flow
·7.03% dividend yield
!Mixed vs. peers(4/9)
!Evidence only low, so the estimate is less certain
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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 24, 2026.
How to read this chart
15‑month range HK$12.31 – HK$52.17 · fair‑value band HK$1.76 – HK$5.33 · the HK$12.80 price screens above the HK$2.50 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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China U-Ton Future Space Industrial Group Holdings Ltd., an investment holding company, engages in the provision of design, deployment, and maintenance services of optical fibers primarily in the People's Republic of China.
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China U-Ton Future Space Industrial Group Holdings Ltd., an investment holding company, engages in the provision of design, deployment, and maintenance services of optical fibers primarily in the People's Republic of China. It operates through Optical Fibers, Communication Networks, Money Lending, and Environmentally Intelligent Technical Products and Services segments. The company's optical fiber deployment solutions include micro-ducts and mini-cables system integration methods, as well as traditional deployment methods comprising direct burial, aerial access, conduit installation, and pipe jacking. It also provides maintenance and repair services to fiber optic networks for telcos; and sells ancillary products, such as micro-ducts and anti-corrosive steel wires to distributors and telecommunication operators. In addition, the company engages in the environmental surveillance and data analysis, environmental early warning and emergency command system construction, and environmental management projects; design, construction, and maintenance of communication networks; and provision of money lending services. The company was formerly known as China U-Ton Holdings Limited and changed its name to China U-Ton Future Space Industrial Group Holdings Ltd. in 2020. China U-Ton Future Space Industrial Group Holdings Ltd. is headquartered in Shijiazhuang, the People's Republic of China.
Stock analysis
Zhou Liu Fu Jewellery Co Ltd (6168) currently trades at HK$12.80, while our model-based Fair Value estimate is HK$2.50, implying the stock looks roughly 412.0% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$12.33 per share, and 0 of the 17 models we run sit above the HK$12.80 price.
Bear case: the Asset-Based group reads lowest at HK$1.00, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$1.76 (bear) to HK$5.33 (bull), the price of HK$12.80 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 55/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zhou Liu Fu Jewellery Co Ltd reported revenue of 5.8B CNY in FY2025 versus 59.2M CNY in FY2021, a compound +215.0%/yr. Reported net income was 770M CNY in FY2025.
Key figures
Market cap HK$6.5B (≈ $834M) · P/E ratio 7.1 · P/S ratio 0.93 · Dividend yield 7.0% · Net margin 13.2% · Return on assets (EBIT) 19.0% · Operating margin −714% · Revenue growth (YoY) −19.3%.
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 75% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −80%, 6168 screens richer than that median.
Fair Value models
Bear HK$1.76Fair Value HK$2.50Bull HK$5.33
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.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 ⓘ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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.0%
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.
+23.4%
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.
+184.4%
Start year 2020 (pandemic). Over 10 years: +28.5% a year
Revenue growth 15 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.
+37.1%
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What shareholders gained per year (last 3 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 3 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.
+16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.0%
Dividend (yield on the price)7.0%
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.−2,273% → 17%
Compare Zhou Liu Fu Jewellery Co Ltd 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.Communication Equipment · 316 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−81% · Bottom 25%
Profitability
Return on assets−32% · Bottom 25%
Net margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth−19% · Bottom 25%
Dividend yield (TTM)7.0% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (TTM)7.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 37
PAST (return on equity)0· sector 15
HEALTH (low debt)99· sector 98
DIVIDEND (yield)100· sector 23
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). "Zhou Liu Fu Jewellery Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6168
Frequently asked questions
Is Zhou Liu Fu Jewellery Co Ltd (6168) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$2.50 versus a price of HK$12.80, about −80% upside (overvalued).
What is the fair value of 6168?
Our model-based fair value for Zhou Liu Fu Jewellery Co Ltd is HK$2.50 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$12.80.
What is the quality score of 6168?
Zhou Liu Fu Jewellery Co Ltd has a Quality Score of 55/100. 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
Our model-based price target is the fair value of HK$2.50 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario HK$1.76, optimistic scenario HK$5.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhou Liu Fu Jewellery Co Ltd stock forecast for 2026?
Our models put fair value at HK$2.50, about −80% upside versus a price of HK$12.80 (overvalued). Cautious scenario HK$1.76, optimistic scenario HK$5.33. The calculation is refreshed regularly with new filings.
Does Zhou Liu Fu Jewellery Co Ltd pay a dividend?
Zhou Liu Fu Jewellery Co Ltd currently shows a dividend yield of about 7.03% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Zhou Liu Fu Jewellery Co Ltd (6168)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhou Liu Fu Jewellery Co Ltd it is HK$2.50 per share (as of Sep 24, 2026), against a price of HK$12.80. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Zhou Liu Fu Jewellery Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6168 trades above its calculated fair value: price HK$12.80, fair value HK$2.50, a gap of about −80% (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 6168?
No. The price is what the market pays today (HK$12.80); the fair value is what the company's own numbers justify (HK$2.50). For Zhou Liu Fu Jewellery Co Ltd the two are HK$10.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhou Liu Fu Jewellery Co Ltd worth?
The market values Zhou Liu Fu Jewellery Co Ltd at about HK$6.5B (market capitalisation, as of Sep 24, 2026). Per share that is HK$12.80; our models calculate a fair value of HK$2.50 per share.
What do the bullish and bearish scenarios say about 6168?
Our models span a range for Zhou Liu Fu Jewellery Co Ltd: cautious scenario HK$1.76, base HK$2.50, optimistic HK$5.33 per share (as of Sep 24, 2026, price HK$12.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6168?
Zhou Liu Fu Jewellery Co Ltd trades at a price-to-earnings ratio of 7.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$2.50 is built from several models across several years.
How solid is the balance sheet of Zhou Liu Fu Jewellery Co Ltd (6168)?
Balance-sheet figures for Zhou Liu Fu Jewellery Co Ltd (as of Sep 24, 2026): debt of 0.02 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 6168 from its 52-week high?
Zhou Liu Fu Jewellery Co Ltd trades at HK$12.80, about 75% below its 52-week high of HK$51.01 and 4% above the low of HK$12.31 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.50 is for.
Which stocks are comparable to Zhou Liu Fu Jewellery Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology 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 Zhou Liu Fu Jewellery Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$12.80, calculated fair value HK$2.50 (−80%), Quality Score 55/100, from 17 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 6168 calculated?
We run Zhou Liu Fu Jewellery Co Ltd through 17 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$2.50, 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 13.0 % above its aggregate fair value. Zhou Liu Fu Jewellery Co Ltd 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The closing price on Sep 24, 2026 was HK$12.80. Our model-based fair value is HK$2.50, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhou Liu Fu Jewellery Co Ltd right now?
The price sits above even our optimistic bull case (HK$5.33). The favourable scenario is already priced in. The model range is unusually wide (HK$1.76 to HK$5.33). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Zhou Liu Fu Jewellery Co Ltd (6168) come from?
Earnings per share at Zhou Liu Fu Jewellery Co Ltd grew +50.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +49.8 %, EBIT margin −1.0 %, tax rate −0.7 %, residual (interest, one-offs) +2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zhou Liu Fu Jewellery Co Ltd
How large is the market capitalisation of Zhou Liu Fu Jewellery Co Ltd (6168)?
The market capitalisation of Zhou Liu Fu Jewellery Co Ltd is HK$6.5B (≈ $834M). 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The price-to-sales ratio of Zhou Liu Fu Jewellery Co Ltd is 0.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Zhou Liu Fu Jewellery Co Ltd (6168)?
The dividend yield of Zhou Liu Fu Jewellery Co Ltd is 7.0%. 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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The net margin of Zhou Liu Fu Jewellery Co Ltd is 13.2% (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 EBIT return on assets of Zhou Liu Fu Jewellery Co Ltd (6168)?
On an EBIT basis the return on assets of Zhou Liu Fu Jewellery Co Ltd is 19.0% (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 Zhou Liu Fu Jewellery Co Ltd (6168)?
The operating margin of Zhou Liu Fu Jewellery Co Ltd is −714% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhou Liu Fu Jewellery Co Ltd (6168)?
Revenue at Zhou Liu Fu Jewellery Co Ltd is growing −19.3% versus a year earlier (3y avg +23.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Zhou Liu Fu Jewellery Co Ltd (6168) generate?
The free cash flow of Zhou Liu Fu Jewellery Co Ltd is −60.3M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Zhou Liu Fu Jewellery Co Ltd (6168) hold?
Zhou Liu Fu Jewellery Co Ltd holds more cash than debt, 713M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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