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China Wan Tong Yuan Holdings Ltd (6966) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$520M

CW China Wan Tong Yuan Holdings Ltd 6966 · HK
PriceHK$0.5800
Fair ValueHK$0.2100
Upside-63.8%
Quality43/100
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Weak Growth
Loss-making · -45.3% net margin
negative free cash flow
Trails peers (1/10)
Narrow moat 8/100
Evidence: Low Range HK$0.2100 – HK$0.2200 Share as image

Fair value as of: Aug 15, 2026

From 4 valuation models · updated 2 days ago

Share price +9.4% over the past month.

Below-average quality, and screening another 64% 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.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • The models converge in a tight band (HK$0.2100 to HK$0.2200), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$0.7668 HK$0.3057 Fair Value HK$0.2100 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range HK$0.3057 – HK$0.7668 · fair‑value band HK$0.2100 – HK$0.2200 · the HK$0.5800 price screens above the HK$0.2100 fair value. Dashed = 300-day average. As of Aug 15, 2026.

Full chart & analysis →

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Analysis

China Wan Tong Yuan Holdings Ltd (6966) currently trades at HK$0.5800, while our model-based Fair Value estimate is HK$0.2100, implying the stock looks roughly 63.8% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, China Wan Tong Yuan Holdings Ltd generated revenue of HK$26.0M at a net margin of -45.3%. Revenue declined 24.9% year over year. It earns a return on equity of -5.4%. The balance sheet holds a net cash position of HK$189M. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$0.2100 (bear case) to HK$0.2200 (bull case); at HK$0.5800, 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 3% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at -64%, 6966 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
Gordon GGM HK$0.0400 HK$0.0400 HK$0.0500 70
DDM Multi-Stage HK$0.0400 HK$0.0500 HK$0.0500 61
EV/EBITDA HK$0.2000 HK$0.2100 HK$0.2200 54
All 4 models by family
Dividend Discount
Gordon GGM HK$0.0400 HK$0.0400 HK$0.0500 70
DDM Multi-Stage HK$0.0400 HK$0.0500 HK$0.0500 61
Multiples
EV/EBITDA HK$0.2000 HK$0.2100 HK$0.2200 54
Asset-Based
NCAV (Graham) HK$0.1100 HK$0.1400 HK$0.2100 50

Widest divergence: Multiples (HK$0.2100) versus Dividend Discount (HK$0.0400). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$26.0M
Revenue growth (YoY) -24.9%
Net margin -45.3%
Return on equity -5.4%
Free cash flow −HK$1.1M FY2025
Operating margin 2.7%
More key figures
EPS growth (YoY) -29.6%
Net cash HK$189M FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 69

Profitability 3
Margins and returns on capital today
Quality Growth 5
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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

China Wan Tong Yuan (Holdings) Limited, an investment holding company, engages in the sale of burial plots and columbarium units in the People's Republic of China. The company offers cemetery maintenance and funeral services.

Full company description

China Wan Tong Yuan (Holdings) Limited, an investment holding company, engages in the sale of burial plots and columbarium units in the People's Republic of China. The company offers cemetery maintenance and funeral services. It also provides other burial-related services, such as organisation and conducting of funeral services; and engraves inscriptions and ceramic photographs on the headstones. The company was founded in 2007 and is headquartered in Langfang, the People's Republic of China. China Wan Tong Yuan (Holdings) Limited operates as a subsidiary of Tai Shing International Investment Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Wan Tong Yuan Holdings Ltd reported revenue of HK$25.3M in FY2025 versus HK$43.9M in FY2021, a compound −12.9%/yr. Reported net income was −HK$11.5M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$25.3M
Latest YoY
−42.5%
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.
−17.9%
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.
−8.2%
Avg. growth/yr (10Y) 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.
+0.4%
Revenue −12.9%/yr
FY21 HK$43.9M
FY22 HK$45.7M
FY23 HK$56.9M
FY24 HK$44.0M
FY25 HK$25.3M
Net income
FY21 HK$18.1M
FY22 HK$22.0M
FY23 HK$17.6M
FY24 HK$9.8M
FY25 −HK$11.5M
Character of growth · EPS growth decomposed (2015-2025) −1.3 % p.a.
Revenue per share +7.7 pp

of which total revenue +7.7 pp · buybacks/dilution +0.0 pp

EBIT margin −8.7 pp
Tax rate −2.5 pp
Residual (interest, one-offs) +2.2 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).

6966 screens 64% overvalued. Compare with Rollins, Inc →

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Cite: Fair Value Calculator (2026). "China Wan Tong Yuan Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6966

Peer Group

Personal Services · 43 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 43 · Below median
Fair Value upside −64% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -45% · Bottom 25%
Operating margin (TTM) 3% · Bottom 25%
Revenue growth -25% · Bottom 25%
Dividend yield (TTM) 0.9% · Bottom 25%

Valuation Multiples vs Personal Services median · lower = cheaper

P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 2.55× · 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 17
FUTURE 0 · sector 27
PAST 0 · sector 29
HEALTH 0 · sector 98
DIVIDEND 19 · sector 82

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 Personal Services stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Rollins, Inc ROL $36.52 $21.11 -42%
Service Corporation SCI $84.40 $38.27 -55%
Frontdoor, Inc FTDR $85.51 $73.81 -14%
H&R Block, Inc HRB $54.18 $78.30 +45%
Bright Horizons Family Solutions Inc BFAM $71.52 $62.41 -13%
Fu Shou Yuan International Group 1448 HK$2.64 HK$4.20 +59%
Lungyen Life Service Corporation 5530 49.35 TWD 31.33 TWD -37%
Carriage Services, Inc CSV $33.69 $27.81 -17%
Musti Group MUSTI €15.05 €14.08 -6%
Uniao Pet Participacoes S.A AUAU3 R$3.32 R$1.20 -64%

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Frequently asked questions

Is China Wan Tong Yuan Holdings Ltd (6966) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$0.2100 versus a price of HK$0.5800, about −64% (overvalued).
What is the fair value of 6966?
Our model-based fair value for China Wan Tong Yuan Holdings Ltd is HK$0.2100 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$0.5800.
What is the quality score of 6966?
China Wan Tong Yuan Holdings Ltd has a Quality Score of 43/100. 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 Wan Tong Yuan Holdings Ltd (6966)?
China Wan Tong Yuan Holdings Ltd reported trailing-twelve-month revenue of about HK$26.0M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 6966?
The net profit margin of China Wan Tong Yuan Holdings Ltd is about -45.3%, 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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