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Astrum Financial Holdings Ltd (8333) Fair Value & Analysis

Financial Services · HK · Market cap HK$69.1M

AF Astrum Financial Holdings Ltd 8333 · HK
PriceHK$0.7100
Fair ValueHK$1.08
Upside+52.1%
Quality58/100
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Mixed Growth
Highly profitable · 21.4% net margin
negative free cash flow
Ranks above peers (10/11)
Wide moat 65/100
Evidence: High Range HK$0.8100 – HK$1.35 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$1.40 to HK$1.08 (−22.9%) since Aug 6, 2026. Share price −1.4% over the past month.

A solid business, screening 52% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (HK$0.8100). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

HK$2.02 HK$0.1860 Fair Value HK$1.08 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$0.1860 – HK$2.02 · fair‑value band HK$0.8100 – HK$1.35 · the HK$0.7100 price screens below the HK$1.08 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Astrum Financial Holdings Ltd (8333) currently trades at HK$0.7100, while our model-based Fair Value estimate is HK$1.08, implying the stock looks roughly 52.1% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Astrum Financial Holdings Ltd generated revenue of HK$37.3M at a net margin of 21.4%. Revenue grew 71.5% year over year. It earns a return on equity of 6.3%. The balance sheet holds a net cash position of HK$9.7M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.8100 (bear case) to HK$1.35 (bull case); at HK$0.7100, the current price sits below 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 1% below its 52-week high and 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -22% fair-value upside, at 52%, 8333 screens cheaper 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
Residual Income HK$0.9600 HK$0.9600 HK$0.8600 76
P/E Multiple HK$0.8100 HK$1.08 HK$1.35 63
P/B Multiple HK$1.06 HK$1.42 HK$1.77 55
All 7 models by family
DCF Models
Owner Earnings HK$1.25 HK$2.15 HK$3.71 31
Earnings-Based
Graham-Dodd HK$0.5700 HK$3.95 HK$5.54 54
Lynch FV HK$2.04 HK$2.91 HK$3.79 50
Multiples
P/E Multiple HK$0.8100 HK$1.08 HK$1.35 63
P/B Multiple HK$1.06 HK$1.42 HK$1.77 55
Asset-Based
NCAV (Graham) HK$0.6800 HK$0.9100 HK$1.36 50
Economic Profit
Residual Income HK$0.9600 HK$0.9600 HK$0.8600 76

Widest divergence: Earnings-Based (HK$2.91) versus Asset-Based (HK$0.9100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$37.3M
Revenue growth (YoY) +71.5%
Net margin 21.4%
Return on equity 6.3%
Free cash flow −HK$9.3M FY2025
P/E ratio 9.0 as of Jul 3, 2026
More key figures
Operating margin 32.9%
EPS growth (YoY) +289%
Net cash HK$9.7M FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 53 · Market factors (momentum, volatility) 79

Profitability 35
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 99
Distance to the 52-week high (market factor)
Net Issuance 90
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

Astrum Financial Holdings Limited, an investment holding company, provides brokerage services in Hong Kong. The company offers online brokerage and futures trading services; and deals in securities and futures contracts.

Full company description

Astrum Financial Holdings Limited, an investment holding company, provides brokerage services in Hong Kong. The company offers online brokerage and futures trading services; and deals in securities and futures contracts. It also provides placing and underwriting services; corporate finance advisory services; financing services, including securities and initial public offering (IPO) financing; and asset management services. The company was formerly known as RaffAello-Astrum Financial Holdings Limited and changed its name to Astrum Financial Holdings Limited in September 2022. The company was founded in 2005 and is headquartered in Admiralty, Hong Kong. Astrum Financial Holdings Limited operates as a subsidiary of Autumn Ocean Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Astrum Financial Holdings Ltd reported revenue of HK$33.1M in FY2025 versus HK$6.0K in FY2021, a compound +761.7%/yr. Reported net income was HK$8.0M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$33.1M
Latest YoY
+3,411.6%
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.
+795.9%
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.
+125.8%
Avg. growth/yr (12Y) 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.
+6.7%
Revenue +761.7%/yr
FY21 HK$6.0K
FY22 HK$46.0K
FY23 HK$365K
FY24 HK$942K
FY25 HK$33.1M
Net income
FY21 −HK$8.9M
FY22 −HK$34.1M
FY23 −HK$9.6M
FY24 −HK$17.6M
FY25 HK$8.0M

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Cite: Fair Value Calculator (2026). "Astrum Financial Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8333

Peer Group

Capital Markets · 423 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 60 · Above median
Fair Value upside +52% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Above median
Net margin (TTM) 21% · Above median
Operating margin (TTM) 33% · Above median
Revenue growth 72% · Top 25%

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 9.0× · Cheaper than 75% of peers
P/B 0.53× · Cheaper than 75% of peers
P/S (TTM) 1.85× · Cheaper than median
EV/EBITDA 3.6× · Cheaper than 75% of peers

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 100 · sector 14
FUTURE 100 · sector 96
PAST 25 · sector 30
HEALTH 0 · sector 93
DIVIDEND 0 · sector 42

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

Stock Price Fair Value vs Fair Value
Mirae Asset Securities Co 006800 38,050 KRW 18,009 KRW -53%
Meritz Financial Group 138040 118,600 KRW 52,717 KRW -56%
Korea Investment Holdings 071050 200,500 KRW 189,335 KRW -6%
NH Investment & Securities Co 005940 28,550 KRW 22,396 KRW -22%
Samsung Securities Co 016360 93,100 KRW 75,573 KRW -19%
Kiwoom Securities Co 039490 299,000 KRW 214,812 KRW -28%
SSI Securities Corporation SSI 25,300 VND 17,375 VND -31%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 294.30 ARS -6%
Daishin Securities Co 003540 26,950 KRW 48,790 KRW +81%
SK Securities Co 001515 4,285 KRW 1,395 KRW -67%

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Frequently asked questions

Is Astrum Financial Holdings Ltd (8333) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.08 versus a price of HK$0.7100, about +52% (undervalued).
What is the fair value of 8333?
Our model-based fair value for Astrum Financial Holdings Ltd is HK$1.08 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.7100.
What is the quality score of 8333?
Astrum Financial Holdings Ltd has a Quality Score of 58/100. 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 Astrum Financial Holdings Ltd (8333)?
Astrum Financial Holdings Ltd reported trailing-twelve-month revenue of about HK$37.3M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8333?
The net profit margin of Astrum Financial Holdings Ltd is about 21.4%, meaning it keeps roughly 21.4% 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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