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HongGuang Lighting Holdings Company Limited (8343) Fair Value & Analysis

Other · HK · Market cap HK$312M

HL HongGuang Lighting Holdings Company Limited 8343 · HK
PriceHK$0.3550
Fair ValueHK$0.4600
Upside+29.6%
Quality77/100
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Mixed Growth
Thin margins · 0.0% net margin
Ranks above peers (8/9)
Wide moat 69/100
Evidence: Medium Range HK$0.3400 – HK$0.5700 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.4800 to HK$0.4600 (−4.2%) since Aug 6, 2026. Share price −5.3% over the past month.

A strong business, screening 30% undervalued on our models.

What matters now

  • The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from HK$0.3400 (bear) to HK$0.5700 (bull), base HK$0.4600. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 77/100 (high quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$8.51 HK$0.2640 Fair Value HK$0.4600 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$0.2640 – HK$8.51 · fair‑value band HK$0.3400 – HK$0.5700 · the HK$0.3550 price screens below the HK$0.4600 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HongGuang Lighting Holdings Company Limited (8343) currently trades at HK$0.3550, while our model-based Fair Value estimate is HK$0.4600, implying the stock looks roughly 29.6% undervalued today. The Quality Score stands at 77/100 (high quality), in the Other 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: medium), always confirm before acting.

Our scenario range runs from HK$0.3400 (bear case) to HK$0.5700 (bull case); at HK$0.3550, the current price sits within 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 49% below its 52-week high. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at 30%, 8343 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
Growth DCF HK$0.7100 HK$1.14 HK$1.94 72
Growth-Adj P/E HK$0.6000 HK$0.8600 HK$1.12 68
Rev-Margin DCF HK$0.4700 HK$0.7700 HK$1.36 67
All 24 models by family
DCF Models
FCF DCF HK$0.7600 HK$1.08 HK$2.04 38
Owner Earnings HK$0.4400 HK$0.8400 HK$1.60 31
5Y Revenue Exit HK$0.4600 HK$0.6800 HK$1.14 39
5Y EBITDA Exit HK$0.4700 HK$0.7100 HK$1.17 41
5Y P/E Exit HK$0.5200 HK$0.9800 HK$1.58 38
10Y Revenue Exit HK$0.5500 HK$0.9700 HK$1.19 36
10Y EBITDA Exit HK$0.5700 HK$1.00 HK$1.69 37
10Y P/E Exit HK$0.6000 HK$1.09 HK$1.85 35
Earnings-Based
Graham-Dodd HK$0.1800 HK$1.29 HK$1.81 54
Lynch FV HK$0.5200 HK$0.7400 HK$0.9600 50
PEG = 1.0 HK$0.5200 HK$0.7400 HK$0.9600 46
EPV HK$0.2700 HK$0.3000 HK$0.3300 59
Multiples
P/E Multiple HK$0.3500 HK$0.4600 HK$0.5800 63
P/S Multiple HK$0.2600 HK$0.3500 HK$0.4300 58
P/B Multiple HK$0.3500 HK$0.4600 HK$0.5800 55
EV/EBIT HK$0.4000 HK$0.5200 HK$0.6300 53
EV/EBITDA HK$0.3400 HK$0.4300 HK$0.5200 54
EV/Revenue HK$0.3000 HK$0.4000 HK$0.5100 43
Asset-Based
NCAV (Graham) HK$0.0900 HK$0.1100 HK$0.1700 50
Growth DCF
Growth DCF HK$0.7100 HK$1.14 HK$1.94 72
Rev-Margin DCF HK$0.4700 HK$0.7700 HK$1.36 67
Economic Profit
Residual Income HK$0.1600 HK$0.2100 HK$0.4900 61
ROIC Compounder HK$0.3300 HK$0.4500 HK$0.5400 67
Growth Earnings
Growth-Adj P/E HK$0.6000 HK$0.8600 HK$1.12 68

Widest divergence: DCF Models (HK$0.9700) versus Asset-Based (HK$0.1100). Highest evidence: Growth DCF (72).

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Quality Score breakdown

Overall quality 77/100

Of which business quality 78 · Market factors (momentum, volatility) 11

Profitability 61
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)

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

HongGuang Lighting Holdings Company Limited, an investment holding company, designs, develops, manufactures, and sells light-emitting diode (LED) beads and LED lighting products in the People's Republic of China. The company offers candle, flood, bulb, spot, down, oyster, and panel lights, as well as tube and torch.

Full company description

HongGuang Lighting Holdings Company Limited, an investment holding company, designs, develops, manufactures, and sells light-emitting diode (LED) beads and LED lighting products in the People's Republic of China. The company offers candle, flood, bulb, spot, down, oyster, and panel lights, as well as tube and torch. It serves manufacturers of backlight LED modules/panels, LCD panels, and other electronic products, as well as a trading company. The company was founded in 2010 and is headquartered in Zhuhai, the People's Republic of China.

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

Revenue & earnings trend

FY2015 – FY2018 · reported fiscal years

HongGuang Lighting Holdings Company Limited reported revenue of HK$204M in FY2018 versus HK$119M in FY2015, a compound +19.7%/yr. Reported net income was HK$23.9M in FY2018, compounding +45.6%/yr from FY2015.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2018)
HK$204M
Latest YoY
+74.5%
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.
+19.7%
Revenue +19.7%/yr
FY15 HK$119M
FY16 HK$142M
FY17 HK$117M
FY18 HK$204M
Net income +45.6%/yr
FY15 HK$7.7M
FY16 HK$5.9M
FY17 HK$12.8M
FY18 HK$23.9M

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Cite: Fair Value Calculator (2026). "HongGuang Lighting Holdings Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/8343

Peer Group

Other · 369 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 77 · Top 25%
Fair Value upside +30% · Above median
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Other median · lower = cheaper

P/B 0.26× · 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 73 · sector 10
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 97
DIVIDEND 0 · sector 31

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.

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Frequently asked questions

Is HongGuang Lighting Holdings Company Limited (8343) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.4600 versus a price of HK$0.3550, about +30% (undervalued).
What is the fair value of 8343?
Our model-based fair value for HongGuang Lighting Holdings Company Limited is HK$0.4600 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3550.
What is the quality score of 8343?
HongGuang Lighting Holdings Company Limited has a Quality Score of 77/100. 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 net profit margin of 8343?
The net profit margin of HongGuang Lighting Holdings Company Limited is about 0.0%, meaning it keeps roughly 0.0% 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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