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Hanvey Group Holdings Ltd (8219) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$68.1M

HG Hanvey Group Holdings Ltd 8219 · HK
PriceHK$0.2650
Fair ValueHK$0.0935
Upside-64.7%
Quality37/100
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Weak Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
Trails peers (2/12)
Narrow moat 32/100
Evidence: Medium Range HK$0.0765 – HK$0.1020 Share as image

Fair value as of: Aug 15, 2026

From 13 valuation models · updated 2 days ago

Share price −1.9% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (HK$0.1020). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

HK$1.45 HK$0.1090 Fair Value HK$0.0935 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$0.1090 – HK$1.45 · fair‑value band HK$0.0765 – HK$0.1020 · the HK$0.2650 price screens above the HK$0.0935 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Hanvey Group Holdings Ltd (8219) currently trades at HK$0.2650, while our model-based Fair Value estimate is HK$0.0935, implying the stock looks roughly 64.7% overvalued today. The Quality Score stands at 37/100 (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: medium).

Over the trailing twelve months, Hanvey Group Holdings Ltd generated revenue of HK$143M at a net margin of 1.2%. Revenue grew 2.8% year over year. It earns a return on equity of 13.1%. Net debt stands at HK$33.2M. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$0.0765 (bear case) to HK$0.1020 (bull case); at HK$0.2650, 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 16% below its 52-week high and 162% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -65%, 8219 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
ROIC Compounder HK$0.0900 HK$0.1000 HK$0.1200 72
Growth-Adj P/E HK$0.0800 HK$0.1100 HK$0.1400 68
P/E Multiple HK$0.1100 HK$0.1500 HK$0.1800 63
All 13 models by family
DCF Models
Owner Earnings HK$0.1000 HK$0.1300 HK$0.1600 31
Earnings-Based
Graham-Dodd HK$0.0500 HK$0.0600 HK$0.0600 54
EPV HK$0.0900 HK$0.1000 HK$0.1100 59
Multiples
P/E Multiple HK$0.1100 HK$0.1500 HK$0.1800 63
P/S Multiple HK$0.0900 HK$0.1100 HK$0.1400 58
P/B Multiple HK$0.0900 HK$0.1100 HK$0.1400 55
EV/EBIT HK$0.2100 HK$0.2800 HK$0.3400 53
EV/EBITDA HK$0.2100 HK$0.2800 HK$0.3500 54
EV/Revenue HK$0.1400 HK$0.2000 HK$0.2600 43
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 50
Economic Profit
Residual Income HK$0.0500 HK$0.0500 HK$0.0600 61
ROIC Compounder HK$0.0900 HK$0.1000 HK$0.1200 72
Growth Earnings
Growth-Adj P/E HK$0.0800 HK$0.1100 HK$0.1400 68

Widest divergence: Multiples (HK$0.1500) versus Asset-Based (HK$0.0400). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) HK$143M
Revenue growth (YoY) +2.8%
Net margin 1.2%
Return on equity 13.1%
Free cash flow −HK$2.2M FY2025
P/E ratio 27.5 as of Jul 3, 2026
More key figures
Operating margin 5.7%
EPS growth (YoY) -87.1%
Net debt HK$33.2M FY2025

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 34 · Market factors (momentum, volatility) 70

Profitability 50
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 0
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

Hanvey Group Holdings Limited, an investment holding company, engages in the design, development, manufacture, and distribution of watch products on an original design manufacturing basis in Hong Kong and the People's Republic of China.

Full company description

Hanvey Group Holdings Limited, an investment holding company, engages in the design, development, manufacture, and distribution of watch products on an original design manufacturing basis in Hong Kong and the People's Republic of China. It offers female and male watches, metal and non-metal banded, mechanical, and quartz movement watches; and finished watches; semi-knocked-down kits; and watch parts. It develops and operates information technology solutions; trades in and distributes watches; and provides assembly services relating to sales of finished watches. The company serves watch manufacturers, brand owners, and watch importers. It operates in Indonesia, India, Brazil, Australia, and Turkey. The company was founded in 1986 and is headquartered in Kwai Chung, Hong Kong. Hanvey Group Holdings Limited operates as a subsidiary of Million Easy Enterprises Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hanvey Group Holdings Ltd reported revenue of HK$143M in FY2025 versus HK$204M in FY2021, a compound −8.5%/yr. Reported net income was HK$1.7M in FY2025.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$143M
Latest YoY
+3.4%
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.
−19.3%
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.
+0.6%
Avg. growth/yr (9Y) 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.
−0.6%
Revenue −8.5%/yr
FY21 HK$204M
FY22 HK$273M
FY23 HK$186M
FY24 HK$139M
FY25 HK$143M
Net income
FY21 −HK$2.5M
FY22 −HK$10.6M
FY23 −HK$19.8M
FY24 −HK$19.2M
FY25 HK$1.7M

8219 screens 65% overvalued. Compare with Compagnie Financière Richemont SA →

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Cite: Fair Value Calculator (2026). "Hanvey Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8219

Peer Group

Luxury Goods · 136 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 37 · Bottom 25%
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 13% · Above median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 3% · Below median
Debt / equity 0.40× · Higher than 75% of peers

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 27.5× · Pricier than 75% of peers
P/B 4.71× · Pricier than 75% of peers
P/S (TTM) 0.48× · Cheaper than median
EV/EBITDA 12.3× · Pricier than median

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 14 · sector 38
PAST 52 · sector 40
HEALTH 80 · sector 99
DIVIDEND 0 · sector 44

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

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 193.70 CHF 119.08 -39%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 -43%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%

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Frequently asked questions

Is Hanvey Group Holdings Ltd (8219) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$0.0935 versus a price of HK$0.2650, about −65% (overvalued).
What is the fair value of 8219?
Our model-based fair value for Hanvey Group Holdings Ltd is HK$0.0935 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$0.2650.
What is the quality score of 8219?
Hanvey Group Holdings Ltd has a Quality Score of 37/100. 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 Hanvey Group Holdings Ltd (8219)?
Hanvey Group Holdings Ltd reported trailing-twelve-month revenue of about HK$143M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 8219?
The net profit margin of Hanvey Group Holdings Ltd is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. 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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