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Hanvey Group Holdings Ltd (8219) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of Hanvey Group Holdings Ltd HK$0.14, price HK$0.45, upside -68.9%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Consumer Cyclical · HK · ISIN KYG4289R1157

HG Thin data Sep 27, 2026

Hanvey Group Holdings Ltd

8219 · HK

Weakest SetupStrongly overvalued and low quality.

!Fair value HK$0.1400 · Strongly overvalued (−68.9%)
!Quality 46/100
!Weak Growth (revenue 5y +0.6 %/yr)
!Thin margins · 1.5% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/12)
!Narrow moat 37/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

HK$1.45 HK$0.1090 Fair Value HK$0.1400 May 2021 Sep 2026

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$0.1090 – HK$1.45 · fair‑value band HK$0.1200 – HK$0.1800 · the HK$0.4500 price screens above the HK$0.1400 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

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.

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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.

Stock analysis

Hanvey Group Holdings Ltd (8219) currently trades at HK$0.4500, while our model-based Fair Value estimate is HK$0.1400, 68.9% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of HK$0.3300 per share, and 0 of the 13 models we run sit above the HK$0.4500 price.

Bear case: the Asset-Based group reads lowest at HK$0.0400, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$0.1200 (bear) to HK$0.1800 (bull), the price of HK$0.4500 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 46/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

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.

Key figures

Market cap HK$125M (≈ $15.9M) · P/E ratio 50.5 · P/S ratio 0.58 · Net margin 1.2% · Return on equity 18.3% · Return on assets (EBIT) −0.7% · Operating margin 3.4% · Revenue (TTM) HK$173M.

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 31% below its 52-week high and 313% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at −69%, 8219 screens richer than that median.

Fair Value models

Bear HK$0.1200 Fair Value HK$0.1400 Bull HK$0.1800
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. 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.
Highest evidence
Owner Earnings HK$0.2400 HK$0.3300 HK$0.4800 77
EPV HK$0.1100 HK$0.1300 HK$0.1500 74
ROIC Compounder HK$0.1100 HK$0.1300 HK$0.1600 72
All 13 models by family
DCF Models
Owner Earnings HK$0.2400 HK$0.3300 HK$0.4800 77
Earnings-Based
Graham-Dodd HK$0.0500 HK$0.0600 HK$0.0600 67
EPV HK$0.1100 HK$0.1300 HK$0.1500 74
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 66
EV/EBITDA HK$0.2100 HK$0.2800 HK$0.3500 67
EV/Revenue HK$0.1400 HK$0.2000 HK$0.2600 53
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 54
Economic Profit
Residual Income HK$0.0500 HK$0.0600 HK$0.0700 71
ROIC Compounder HK$0.1100 HK$0.1300 HK$0.1600 72
Growth Earnings
Growth-Adj P/E HK$0.0800 HK$0.1100 HK$0.1400 68

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Quality Score breakdown

Overall quality 46/100

Of which business quality 41 · Market factors (momentum, volatility) 80

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 9
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 47
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.4%
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.
−19.3%
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.
+0.6%
Start year 2020 (pandemic)
Revenue growth 9 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.
−0.6%
Profit 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.
−13.7% (2020) → 2.6% (2025)

8219 screens overvalued: fair value 69% below the price. Compare with Hermès International Société en commandite par actions →

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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.Luxury Goods · 122 stocks

Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside −68.9% · Bottom 25%
Profitability
Return on equity (TTM) 18.3% · Above median
Return on assets 3.8% · Below median
Net margin (TTM) 1.5% · Below median
Operating margin (TTM) 3.4% · Below median
Growth and dividend
Revenue growth 54.4% · Top 25%
Balance sheet
Debt / equity 0.40× · Highest 25%

Valuation Multiplesvs Luxury Goods median · lower = cheaper

P/E (TTM) 50.5× · Priciest 25%
P/B 8.65× · Priciest 25%
P/S (TTM) 0.72× · Cheaper than median
EV/EBITDA 15.6× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 15
FUTURE (revenue growth)100 · sector 52
PAST (return on equity)73 · sector 42
HEALTH (low debt)80 · sector 99
DIVIDEND (yield)0 · sector 49

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Luxury Goods stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Hermès International Société en commandite par actions RMS €1,348 €1,482 +10%
Compagnie Financière Richemont SA CFR CHF 171.40 CHF 120.51 −30%
Christian Dior SE CDI €416.00 €552.53 +33%
Tapestry, Inc TPR $113.88 $109.95 −3%
Chow Tai Fook Jewellery Group 1929 HK$10.97 HK$11.97 +9%
The Swatch Group UHRN CHF 35.70 CHF 21.74 −39%
Prada S.p.A 1913 HK$38.68 HK$62.43 +61%
Pandora A/S PNDORA kr 836.20 kr 1,424 +70%
Brunello Cucinelli S.p.A BC €80.80 €34.95 −57%
Kalyan Jewellers India Limited KALYANKJIL ₹573.00 ₹184.73 −68%

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

Frequently asked questions

Is Hanvey Group Holdings Ltd (8219) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1400 versus a price of HK$0.4500, about −69% upside (overvalued).
What is the fair value of 8219?
Our model-based fair value for Hanvey Group Holdings Ltd is HK$0.1400 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.4500.
What is the quality score of 8219?
Hanvey Group Holdings Ltd has a Quality Score of 46/100. 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 Hanvey Group Holdings Ltd (8219)?
Our model-based price target is the fair value of HK$0.1400 (as of Sep 27, 2026) from 13 valuation models. Cautious scenario HK$0.1200, optimistic scenario HK$0.1800. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanvey Group Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1400, about −69% upside versus a price of HK$0.4500 (overvalued). Cautious scenario HK$0.1200, optimistic scenario HK$0.1800. The calculation is refreshed regularly with new filings.
What is the revenue of Hanvey Group Holdings Ltd (8219)?
Hanvey Group Holdings Ltd reported trailing-twelve-month revenue of about HK$173M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Hanvey Group Holdings Ltd (8219)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanvey Group Holdings Ltd it is HK$0.1400 per share (as of Sep 27, 2026), against a price of HK$0.4500. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Hanvey Group Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 8219 trades above its calculated fair value: price HK$0.4500, fair value HK$0.1400, a gap of about −69% (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 8219?
No. The price is what the market pays today (HK$0.4500); the fair value is what the company's own numbers justify (HK$0.1400). For Hanvey Group Holdings Ltd the two are HK$0.3100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanvey Group Holdings Ltd worth?
The market values Hanvey Group Holdings Ltd at about HK$125M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.4500; our models calculate a fair value of HK$0.1400 per share.
What do the bullish and bearish scenarios say about 8219?
Our models span a range for Hanvey Group Holdings Ltd: cautious scenario HK$0.1200, base HK$0.1400, optimistic HK$0.1800 per share (as of Sep 27, 2026, price HK$0.4500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8219?
Hanvey Group Holdings Ltd trades at a price-to-earnings ratio of 50.5 (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$0.1400 is built from several models across several years. Other multiples: P/B 8.7, P/S 0.7, EV/EBITDA 15.6.
How solid is the balance sheet of Hanvey Group Holdings Ltd (8219)?
Balance-sheet figures for Hanvey Group Holdings Ltd (as of Sep 27, 2026): return on equity 18.3%, debt of 0.40 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 8219 from its 52-week high?
Hanvey Group Holdings Ltd trades at HK$0.4500, about 31% below its 52-week high of HK$0.6500 and 313% above the low of HK$0.1090 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1400 is for.
Which stocks are comparable to Hanvey Group Holdings Ltd?
From the same area (Consumer Cyclical) we also value Hermès International Société en commandite par actions, Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, Inc, 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 Hanvey Group Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.4500, calculated fair value HK$0.1400 (−69%), Quality Score 46/100, from 13 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 8219 calculated?
We run Hanvey Group Holdings Ltd through 13 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$0.1400, 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. Hanvey Group Holdings Ltd 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 Hanvey Group Holdings Ltd (8219)?
The closing price on Sep 30, 2026 was HK$0.4500. Our model-based fair value is HK$0.1400, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanvey Group Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$0.1800). 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 (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Hanvey Group Holdings Ltd

How large is the market capitalisation of Hanvey Group Holdings Ltd (8219)?
The market capitalisation of Hanvey Group Holdings Ltd is HK$125M (≈ $15.9M). 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 Hanvey Group Holdings Ltd (8219)?
The price-to-sales ratio of Hanvey Group Holdings Ltd is 0.58 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Hanvey Group Holdings Ltd (8219)?
The net margin of Hanvey Group Holdings Ltd is 1.2% (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 Hanvey Group Holdings Ltd (8219)?
The return on equity (ROE) of Hanvey Group Holdings Ltd is 18.3% (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 Hanvey Group Holdings Ltd (8219)?
On an EBIT basis the return on assets of Hanvey Group Holdings Ltd is −0.7% (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 Hanvey Group Holdings Ltd (8219)?
The operating margin of Hanvey Group Holdings Ltd is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanvey Group Holdings Ltd (8219)?
Revenue at Hanvey Group Holdings Ltd is growing +54.4% versus a year earlier (3y avg −19.3%). 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 Hanvey Group Holdings Ltd (8219)?
Earnings per share at Hanvey Group Holdings Ltd are growing +93.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hanvey Group Holdings Ltd (8219) generate?
The free cash flow of Hanvey Group Holdings Ltd 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 debt does Hanvey Group Holdings Ltd (8219) carry?
The net debt of Hanvey Group Holdings Ltd is HK$33.2M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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