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Winto Group (Holdings) Limited (8238) Fair Value & Analysis

Communication Services · HK · Market cap HK$50.5M

WG Winto Group (Holdings) Limited 8238 · HK
PriceHK$0.1350
Fair ValueHK$0.0900
Upside-33.3%
Quality55/100
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Weak Growth
Loss-making · -24.3% net margin
Negative equity (buybacks among others) · negative free cash flow
Mixed vs. peers (5/9)
Narrow moat 0/100
Evidence: Low Range HK$0.0700 – HK$0.1100 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 3 days ago

Share price −2.2% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1100). 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.
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Price vs Fair Value (5 years)

HK$33.77 HK$0.1105 Fair Value HK$0.0900 Mar 2021 Aug 2026

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$0.1105 – HK$33.77 · fair‑value band HK$0.0700 – HK$0.1100 · the HK$0.1350 price screens above the HK$0.0900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Winto Group (Holdings) Limited (8238) currently trades at HK$0.1350, while our model-based Fair Value estimate is HK$0.0900, implying the stock looks roughly 33.3% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services 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: low).

Over the trailing twelve months, Winto Group (Holdings) Limited generated revenue of HK$27.1M at a net margin of -24.3%. Revenue grew 15.9% year over year. Net debt stands at HK$1.8M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0700 (bear case) to HK$0.1100 (bull case); at HK$0.1350, 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 75% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at -33%, 8238 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
Gordon GGM HK$0.0800 HK$0.1200 HK$0.1600 70
DDM Multi-Stage HK$0.0800 HK$0.1100 HK$0.1400 61
All 2 models by family
Dividend Discount
Gordon GGM HK$0.0800 HK$0.1200 HK$0.1600 70
DDM Multi-Stage HK$0.0800 HK$0.1100 HK$0.1400 61

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Key figures & financial health

Revenue (TTM) HK$27.1M
Revenue growth (YoY) +15.9%
Net margin -24.3%
Return on equity -1,377%
Free cash flow −HK$10.2M FY2025
Operating margin -35.7%
More key figures
Net debt HK$1.8M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 11

Profitability 28
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 8
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.

About the company

Winto Group (Holdings) Limited, an investment holding company, provides exhibition and trade show, and publication and advertising services in the Guangdong-Hong Kong-Macau Greater Bay Area.

Full company description

Winto Group (Holdings) Limited, an investment holding company, provides exhibition and trade show, and publication and advertising services in the Guangdong-Hong Kong-Macau Greater Bay Area. It operates through Exhibition and Trade Show Business and Related Services; Publications and Advertising Business; Online sales of Beauty and Cosmetics Products; and Sales of Luxury Products segments. The company is involved in the provision of print and online media advertising, advertising and related production services and outdoor advertising, magazine advertising services; and sales of publications and magazines, as well as luxury products. It also sells and distributes publications; and online sales of beauty and cosmetics products. The company was founded in 2009 and is headquartered in Wanchai, Hong Kong. Winto Group (Holdings) Limited operates as a subsidiary of Source Creation International Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Winto Group (Holdings) Limited reported revenue of HK$27.1M in FY2025 versus HK$61.1M in FY2021, a compound −18.4%/yr. Reported net income was −HK$6.6M in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$27.1M
Latest YoY
+30.0%
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.
−7.9%
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.
−1.9%
Avg. growth/yr (13Y) 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.
+3.5%
Revenue −18.4%/yr
FY21 HK$61.1M
FY22 HK$34.6M
FY23 HK$23.6M
FY24 HK$20.8M
FY25 HK$27.1M
Net income
FY21 HK$21.5M
FY22 HK$10.1M
FY23 −HK$73.7M
FY24 −HK$19.8M
FY25 −HK$6.6M
Character of growth · EPS growth decomposed (2012-2022) −1.6 % p.a.
Revenue per share +3.4 pp

of which total revenue +8.6 pp · buybacks/dilution −5.3 pp

EBIT margin −7.6 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +1.4 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).

8238 screens 33% overvalued. Compare with AppLovin Corporation →

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Cite: Fair Value Calculator (2026). "Winto Group (Holdings) Limited Fair Value". https://www.fairvalue-calculator.com/stock/8238

Peer Group

Advertising Agencies · 200 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 54 · Above median
Fair Value upside −33% · Below median
Return on assets -11% · Bottom 25%
Net margin (TTM) -24% · Bottom 25%
Operating margin (TTM) -36% · Bottom 25%
Revenue growth 16% · Top 25%
Dividend yield (TTM) 7.9% · Top 25%

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/S (TTM) 0.24× · Cheaper 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 24
FUTURE 80 · sector 6
PAST 0 · sector 5
HEALTH 100 · sector 98
DIVIDEND 100 · sector 62

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

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $303.76 $252.45 -17%
Publicis Groupe S.A PUB €99.98 €146.36 +46%
Omnicom Group OMC $85.51 $99.84 +17%
Focus Media Information Technology Co 002027 ¥5.29 ¥5.71 +8%
The Trade Desk, Inc TTD $13.49 $29.07 +115%
JCDecaux SE DEC €24.00 €20.99 -13%
Easy Click Worldwide Network Technology Co 301171 ¥37.40 ¥5.62 -85%
Mobvista Inc 1860 HK$11.04 HK$6.43 -42%
Affle 3i Limited AFFLE ₹1,643 ₹611.48 -63%
Guangdong Advertising Group 002400 ¥7.33 ¥1.14 -84%

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Frequently asked questions

Is Winto Group (Holdings) Limited (8238) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0900 versus a price of HK$0.1350, about −33% (overvalued).
What is the fair value of 8238?
Our model-based fair value for Winto Group (Holdings) Limited is HK$0.0900 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1350.
What is the quality score of 8238?
Winto Group (Holdings) 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 revenue of Winto Group (Holdings) Limited (8238)?
Winto Group (Holdings) Limited reported trailing-twelve-month revenue of about HK$27.1M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8238?
The net profit margin of Winto Group (Holdings) Limited is about -24.3%, meaning it is currently running at a net loss. 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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