M-Resources Group Limited (8186) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of M-Resources Group Limited HK$0.25, price HK$0.97, upside -74.2%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 27, 2026.
How to read this chart
60‑month range HK$0.1440 – HK$4.20 · fair‑value band HK$0.1900 – HK$0.3100 · the HK$0.9700 price screens above the HK$0.2500 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Honor Matrix Holdings Limited, an investment holding company, engages in the household, plantation, and accessory business in the People's Republic of China, the United States, and Hong Kong. The company was formerly known as Almana Limited and changed its name to Honor Matrix Holdings Limited in April 2026.
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Honor Matrix Holdings Limited, an investment holding company, engages in the household, plantation, and accessory business in the People's Republic of China, the United States, and Hong Kong. The company was formerly known as Almana Limited and changed its name to Honor Matrix Holdings Limited in April 2026. Honor Matrix Holdings Limited was incorporated in 2001 and is headquartered in Admiralty, Hong Kong.
Stock analysis
M-Resources Group Limited (8186) currently trades at HK$0.9700, while our model-based Fair Value estimate is HK$0.2500, 74.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$0.6400 per share, and 0 of the 14 models we run sit above the HK$0.9700 price.
Bear case: the Economic Profit group reads lowest at HK$0.1300, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.1900 (bear) to HK$0.3100 (bull), the price of HK$0.9700 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 Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
M-Resources Group Limited reported revenue of HK$35.5M in FY2025 versus HK$27.1M in FY2021, a compound +7.0%/yr. Reported net income was HK$1.7M in FY2025.
Key figures
Market cap HK$110M (≈ $14.1M) · P/E ratio 97.0 · P/S ratio 4.62 · EPS (TTM) HK$0.0100 · Net margin 4.8% · Return on equity 7.5% · Return on assets (EBIT) −8.5% · Operating margin 0.4%.
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 48% below its 52-week high and 229% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −29% fair-value upside, at −74%, 8186 screens richer than that median.
Fair Value models
Bear HK$0.1900Fair Value HK$0.2500Bull HK$0.3100
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0075 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+21.8%
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.
+16.7%
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.
+10.9%
Start year 2020 (pandemic). Over 10 years: −0.9% a year
Revenue growth 24 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.
−0.3%
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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.
−81.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−81.4%
Dividend (yield on the price)0.0%
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.−66% → 3%
⚠ Revenue per share shrinking 27.7%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare M-Resources Group Limited with another stock
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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.Lumber & Wood Production · 70 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−74.2% · Bottom 25%
Profitability
Return on equity (TTM)7.5% · Top 25%
Return on assets2.3% · Above median
Net margin (TTM)4.8% · Top 25%
Operating margin (TTM)0.4% · Below median
Growth and dividend
Revenue growth24.5% · Top 25%
Valuation Multiplesvs Lumber & Wood Production median · lower = cheaper
P/E (TTM)97.0× · Priciest 25%
P/B4.72× · Priciest 25%
P/S (TTM)3.11× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)100· sector 2
PAST (return on equity)30· sector 4
HEALTH (low debt)100· sector 91
DIVIDEND (yield)0· sector 37
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). "M-Resources Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/8186
Frequently asked questions
Is M-Resources Group Limited (8186) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.2500 versus a price of HK$0.9700, about −74% upside (overvalued).
What is the fair value of 8186?
Our model-based fair value for M-Resources Group Limited is HK$0.2500 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.9700.
What is the quality score of 8186?
M-Resources Group Limited 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 M-Resources Group Limited (8186)?
Our model-based price target is the fair value of HK$0.2500 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario HK$0.1900, optimistic scenario HK$0.3100. It is a calculation from audited fundamentals, not an analyst target.
What is the M-Resources Group Limited stock forecast for 2026?
Our models put fair value at HK$0.2500, about −74% upside versus a price of HK$0.9700 (overvalued). Cautious scenario HK$0.1900, optimistic scenario HK$0.3100. The calculation is refreshed regularly with new filings.
What is the revenue of M-Resources Group Limited (8186)?
M-Resources Group Limited reported trailing-twelve-month revenue of about HK$35.5M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of M-Resources Group Limited (8186)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M-Resources Group Limited it is HK$0.2500 per share (as of Sep 27, 2026), against a price of HK$0.9700. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is M-Resources Group Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 8186 trades above its calculated fair value: price HK$0.9700, fair value HK$0.2500, a gap of about −74% (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 8186?
No. The price is what the market pays today (HK$0.9700); the fair value is what the company's own numbers justify (HK$0.2500). For M-Resources Group Limited the two are HK$0.7200 per share apart. That gap is exactly why we show both numbers side by side.
How much is M-Resources Group Limited worth?
The market values M-Resources Group Limited at about HK$110M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.9700; our models calculate a fair value of HK$0.2500 per share.
What do the bullish and bearish scenarios say about 8186?
Our models span a range for M-Resources Group Limited: cautious scenario HK$0.1900, base HK$0.2500, optimistic HK$0.3100 per share (as of Sep 27, 2026, price HK$0.9700). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8186?
M-Resources Group Limited trades at a price-to-earnings ratio of 97.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.2500 is built from several models across several years. Other multiples: P/B 4.7, P/S 3.1.
How solid is the balance sheet of M-Resources Group Limited (8186)?
Balance-sheet figures for M-Resources Group Limited (as of Sep 27, 2026): return on equity 7.5%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 8186 from its 52-week high?
M-Resources Group Limited trades at HK$0.9700, about 48% below its 52-week high of HK$1.87 and 229% above the low of HK$0.2950 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2500 is for.
Which stocks are comparable to M-Resources Group Limited?
From the same area (Basic Materials) we also value Simpson Manufacturing Co, UFP Industries, Inc, Stella-Jones Inc, Boise Cascade Company, 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 M-Resources Group Limited stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.9700, calculated fair value HK$0.2500 (−74%), Quality Score 55/100, from 14 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 8186 calculated?
We run M-Resources Group Limited through 14 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$0.2500, 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 14.7 % above its aggregate fair value. M-Resources Group Limited 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 M-Resources Group Limited (8186)?
The closing price on Sep 30, 2026 was HK$0.9700. Our model-based fair value is HK$0.2500, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M-Resources Group Limited right now?
The price sits above even our optimistic bull case (HK$0.3100). 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 (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of M-Resources Group Limited
How large is the market capitalisation of M-Resources Group Limited (8186)?
The market capitalisation of M-Resources Group Limited is HK$110M (≈ $14.1M). 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 M-Resources Group Limited (8186)?
The price-to-sales ratio of M-Resources Group Limited is 4.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of M-Resources Group Limited (8186)?
Earnings per share at M-Resources Group Limited are HK$0.0100 (price ÷ EPS = P/E 97.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of M-Resources Group Limited (8186)?
The net margin of M-Resources Group Limited is 4.8% (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 return on equity of M-Resources Group Limited (8186)?
The return on equity (ROE) of M-Resources Group Limited is 7.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of M-Resources Group Limited (8186)?
On an EBIT basis the return on assets of M-Resources Group Limited is −8.5% (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 M-Resources Group Limited (8186)?
The operating margin of M-Resources Group Limited is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M-Resources Group Limited (8186)?
Revenue at M-Resources Group Limited is growing +24.5% versus a year earlier (3y avg +16.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at M-Resources Group Limited (8186)?
Earnings per share at M-Resources Group Limited are growing +49.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does M-Resources Group Limited (8186) generate?
The free cash flow of M-Resources Group Limited is −HK$2.2M (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 M-Resources Group Limited (8186) hold?
M-Resources Group Limited holds more cash than debt, HK$5.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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