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China Demeter Financial Investments Ltd (8120) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$374M (≈ $47.7M) · ISIN BMG2125V1265

What is China Demeter Financial Investments Ltd really worth?

CD China Demeter Financial Investments Ltd 8120 · HK
PriceHK$2.18
Fair ValueHK$0.6200
Upside−71.5%
Quality50/100

A solid business, but trading 251% above our fair value of HK$0.6200.

As of Sep 3, 2026, the fair value of China Demeter Financial Investments Ltd is HK$0.6200 per share against a price of HK$2.18, so the fair value sits 71% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −8.8 %/yr)
!Loss-making · -28.8% net margin
!Trails peers (2/11)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range HK$0.4100 – HK$0.8200

Fair value as of: Sep 3, 2026

From 7 valuation models · updated 3 days ago

Share price −3.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (HK$0.8200). The favourable scenario is already priced in.
  • 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 (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.4100 to HK$0.8200) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

HK$2.84 HK$0.3300 Fair Value HK$0.6200 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range HK$0.3300 – HK$2.84 · fair‑value band HK$0.4100 – HK$0.8200 · the HK$2.18 price screens above the HK$0.6200 fair value. Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

China Demeter Financial Investments Ltd (8120) currently trades at HK$2.18, while our model-based Fair Value estimate is HK$0.6200, implying the stock looks roughly 250.8% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth DCF group reads highest at a median of HK$1.25 per share, and 0 of the 7 models we run sit above the HK$2.18 price. Bear case: the Asset-Based group reads lowest at HK$0.1600, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, China Demeter Financial Investments Ltd generated revenue of HK$86.5M at a net margin of −28.8%. Revenue declined 47.1% year over year. It earns a return on equity of −57.3%. Net debt stands at HK$8.8M. Fundamentals as of Sep 3, 2026

Our scenario range runs from HK$0.4100 (bear case) to HK$0.8200 (bull case); at HK$2.18, 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 25% below its 52-week high, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −47% fair-value upside, at −71%, 8120 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF HK$0.8600 HK$1.18 HK$2.15 78
Growth DCF HK$0.8200 HK$1.25 HK$2.05 77
5Y Revenue Exit HK$0.7300 HK$1.13 HK$1.95 71
All 7 models by family
DCF Models
FCF DCF HK$0.8600 HK$1.18 HK$2.15 78
5Y Revenue Exit HK$0.7300 HK$1.13 HK$1.95 71
10Y Revenue Exit HK$0.7500 HK$1.36 HK$1.80 66
Multiples
EV/Revenue HK$0.6300 HK$0.8300 HK$1.03 54
Asset-Based
NCAV (Graham) HK$0.1200 HK$0.1600 HK$0.2400 54
Growth DCF
Growth DCF HK$0.8200 HK$1.25 HK$2.05 77
Rev-Margin DCF HK$0.7300 HK$1.26 HK$2.17 70

Widest divergence: Growth DCF (HK$1.25) versus Asset-Based (HK$0.1600). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/S ratio 4.33 TTM
EPS (TTM) HK$−0.1500
Net margin −28.8% FY2025
Return on equity −57.3% TTM
Return on assets (EBIT) −12.9% avg 5y
Operating margin −18.8% TTM
More key figures
Growth
Revenue (TTM) HK$86.5M TTM
Revenue growth (YoY) −47.1% 3y avg −15.2%
Balance sheet & cash flow
Free cash flow HK$8.4M FY2025
Net debt HK$8.8M FY2025 · ≈ 1.0 yrs of FCF

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 72

Profitability 11
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 86
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

China Demeter Financial Investments Limited, an investment holding company, operates in restaurant business in Hong Kong. The company operates through Money Lending; Financial Services; Securities Investment; Food and Beverage; Alcoholic Beverage Distribution and Miscellaneous; and Children Education Services segments.

Full company description

China Demeter Financial Investments Limited, an investment holding company, operates in restaurant business in Hong Kong. The company operates through Money Lending; Financial Services; Securities Investment; Food and Beverage; Alcoholic Beverage Distribution and Miscellaneous; and Children Education Services segments. Its restaurants serve Japanese cuisine, Thai food, and Western food. The company also provides loan financing; financial services, such as advising and dealing in securities and asset management; children education services, including Kindergarten or pre-school education services; and administrative services. In addition, it engages in alcoholic beverage distribution, including wine and whisky; investment in listed and unlisted securities; and trading of miscellaneous goods. The company was formerly known as China Demeter Investments Limited and changed its name to China Demeter Financial Investments Limited in December 2016. China Demeter Financial Investments Limited was incorporated in 2000 and is headquartered in Admiralty, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Demeter Financial Investments Ltd reported revenue of HK$86.5M in FY2025 versus HK$165M in FY2021, a compound −14.9%/yr. Reported net income was −HK$24.9M in FY2025.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$86.5M
Latest YoY
−35.6%
Avg. revenue 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.
−15.2%
Avg. revenue 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.
−8.8%
Avg. revenue growth/yr (24Y) 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.
−3.1%
EBIT margin (trend) 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.
−12.8% (2020) → −23.2% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −14.9%/yr
FY21 HK$165M
FY22 HK$142M
FY23 HK$157M
FY24 HK$134M
FY25 HK$86.5M
Net income
FY21 −HK$20.6M
FY22 −HK$18.8M
FY23 −HK$45.3M
FY24 −HK$38.4M
FY25 −HK$24.9M

8120 screens 251% overvalued. Compare with McDonald's Corporation →

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Cite: Fair Value Calculator (2026). "China Demeter Financial Investments Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8120.HK

Peer Group

Restaurants · 221 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 50 · Below median
Fair Value upside −72% · Bottom 25%
Return on assets −10% · Bottom 25%
Net margin (TTM) −29% · Bottom 25%
Operating margin (TTM) −19% · Bottom 25%
Revenue growth −47% · Bottom 25%

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 1.24× · Cheaper than median
P/S (TTM) 0.55× · Pricier than median
P/FCF 5.7× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 26
FUTURE0 · sector 18
PAST0 · sector 15
HEALTH100 · sector 97
DIVIDEND0 · sector 68

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

Similar stocks

10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCD $260.06 $149.03 −43%
Starbucks Corporation SBUX $107.26 $35.83 −67%
Chipotle Mexican Grill, Inc CMG $38.03 $17.92 −53%
Yum! Brands, Inc YUM $153.31 $58.17 −62%
Restaurant Brands International Inc QSR C$104.50 C$36.37 −65%
Darden Restaurants, Inc DRI $218.86 $173.68 −21%
Yum China Holdings YUMC $43.60 $54.27 +24%
Texas Roadhouse, Inc TXRH $198.99 $104.89 −47%
Dutch Bros Inc BROS $51.02 $12.80 −75%
Domino's Pizza, Inc DPZ $341.08 $227.31 −33%

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Frequently asked questions

Is China Demeter Financial Investments Ltd (8120) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of HK$0.6200 versus a price of HK$2.18, about −71% upside (overvalued).
What is the fair value of 8120?
Our model-based fair value for China Demeter Financial Investments Ltd is HK$0.6200 (as of Sep 3, 2026), built from audited fundamentals. The current price: HK$2.18.
What is the quality score of 8120?
China Demeter Financial Investments Ltd has a Quality Score of 50/100. 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 China Demeter Financial Investments Ltd (8120)?
Our model-based price target is the fair value of HK$0.6200 (as of Sep 3, 2026) from 7 valuation models. Cautious scenario HK$0.4100, optimistic scenario HK$0.8200. It is a calculation from audited fundamentals, not an analyst target.
What is the China Demeter Financial Investments Ltd stock forecast for 2026?
Our models put fair value at HK$0.6200, about −71% upside versus a price of HK$2.18 (overvalued). Cautious scenario HK$0.4100, optimistic scenario HK$0.8200. The calculation is refreshed regularly with new filings.
What is the revenue of China Demeter Financial Investments Ltd (8120)?
China Demeter Financial Investments Ltd reported trailing-twelve-month revenue of about HK$86.5M (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 8120?
The net profit margin of China Demeter Financial Investments Ltd is about −28.8%, meaning it is currently running at a net loss. Based on the latest reported figures.
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