Kwong Man Kee Group Ltd (8023) Fair Value & Analysis
Industrials · HK · Market cap HK$203M
Fair value as of: Aug 13, 2026
From 25 valuation models · updated 3 days ago
Share price −15.0% over the past month.
A solid business, but screening 24% overvalued on our models.
What matters now
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (HK$0.1600 to HK$0.3600) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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$0.2550 – HK$0.4903 · fair‑value band HK$0.1600 – HK$0.3600 · the HK$0.3400 price screens above the HK$0.2600 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Kwong Man Kee Group Ltd (8023) currently trades at HK$0.3400, while our model-based Fair Value estimate is HK$0.2600, implying the stock looks roughly 23.5% overvalued today. The Quality Score stands at 55/100 (solid 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: high).
Over the trailing twelve months, Kwong Man Kee Group Ltd generated revenue of HK$173M at a net margin of 4.7%. Revenue grew 8.4% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of HK$24.3M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.1600 (bear case) to HK$0.3600 (bull case); at HK$0.3400, 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 24% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -24%, 8023 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.
All 25 models by family
Widest divergence: Multiples (HK$0.2900) versus Growth DCF (HK$0.0600). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 50
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
Kwong Man Kee Group Limited, an investment holding company, provides engineering services to the car park flooring industry in Hong Kong, Macau, and other Asian regions.
Full company description
Kwong Man Kee Group Limited, an investment holding company, provides engineering services to the car park flooring industry in Hong Kong, Macau, and other Asian regions. The company offers flooring services, including application of proprietary floor coating products for providing a colorful, slip-resistance, and hard-wearing surface that is resistant against water and petrochemicals; and ancillary services, such as specialized texture painting and waterproofing works. It also offers screeding and anti-skid surfacing services; trades in materials; and sells flooring and waterproofing materials. Kwong Man Kee Group Limited was incorporated in 2016 and is headquartered in Kowloon, Hong Kong. Kwong Man Kee Group Limited is a subsidiary of Sage City Investments Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kwong Man Kee Group Ltd reported revenue of HK$167M in FY2025 versus HK$119M in FY2021, a compound +8.9%/yr. Reported net income was HK$8.2M in FY2025, compounding −14.8%/yr from FY2021.
of which total revenue +13.4 pp · buybacks/dilution +0.0 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).
8023 screens 24% overvalued. Compare with Larsen & Toubro Limited →
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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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
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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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