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Satu Holdings Ltd (8392) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$43.0M

SH Satu Holdings Ltd 8392 · HK
PriceHK$0.0450
Fair ValueHK$0.0293
Upside-34.9%
Quality74/100
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Weak Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 16/100
Evidence: High Range HK$0.0293 – HK$0.0293 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0290 to HK$0.0293 (+0.9%) since Aug 6, 2026. Share price −2.2% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (HK$0.0293). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

HK$0.2450 HK$0.0230 Fair Value HK$0.0293 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$0.0230 – HK$0.2450 · the HK$0.0450 price screens above the HK$0.0293 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Satu Holdings Ltd (8392) currently trades at HK$0.0450, while our model-based Fair Value estimate is HK$0.0293, implying the stock looks roughly 34.9% overvalued today. The Quality Score stands at 74/100 (solid 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: high).

Over the trailing twelve months, Satu Holdings Ltd generated revenue of HK$54.9M at a net margin of 0.8%. Revenue declined 19.2% year over year. It earns a return on equity of 2.4%. The balance sheet holds a net cash position of HK$11.8M. Fundamentals as of Aug 13, 2026

The share trades about 46% below its 52-week high and 105% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at -35%, 8392 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
Growth DCF HK$0.0200 HK$0.0200 HK$0.0200 80
Residual Income HK$0.0100 HK$0.0100 HK$0.0100 76
Rev-Margin DCF HK$0.0200 HK$0.0200 HK$0.0300 74
All 16 models by family
DCF Models
FCF DCF HK$0.0200 HK$0.0200 HK$0.0200 38
Owner Earnings HK$0.0200 HK$0.0200 HK$0.0300 31
5Y Revenue Exit HK$0.0200 HK$0.0200 HK$0.0300 39
5Y P/E Exit HK$0.0200 HK$0.0200 HK$0.0300 38
10Y Revenue Exit HK$0.0200 HK$0.0200 HK$0.0300 36
10Y P/E Exit HK$0.0200 HK$0.0200 HK$0.0200 35
Earnings-Based
Graham-Dodd HK$0.0100 HK$0.0100 54
Multiples
P/E Multiple HK$0.0100 HK$0.0100 HK$0.0100 63
P/S Multiple HK$0.0100 HK$0.0100 HK$0.0100 58
P/B Multiple HK$0.0100 HK$0.0100 HK$0.0100 55
EV/Revenue HK$0.0200 HK$0.0300 HK$0.0300 43
Asset-Based
NCAV (Graham) HK$0.0100 HK$0.0100 HK$0.0200 50
Growth DCF
Growth DCF HK$0.0200 HK$0.0200 HK$0.0200 80
Rev-Margin DCF HK$0.0200 HK$0.0200 HK$0.0300 74
Economic Profit
Residual Income HK$0.0100 HK$0.0100 HK$0.0100 76
Growth Earnings
Growth-Adj P/E HK$0.0100 HK$0.0100 HK$0.0100 68

Widest divergence: DCF Models (HK$0.0200) versus Earnings-Based (HK$0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$54.9M
Revenue growth (YoY) -19.2%
Net margin 0.8%
Return on equity 2.4%
Free cash flow HK$986K FY2026
Operating margin -5.3%
More key figures
EPS growth (YoY) -95.3%
Net cash HK$11.8M FY2026

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

Quality Score breakdown

Overall quality 74/100

Of which business quality 76 · Market factors (momentum, volatility) 60

Profitability 53
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 82
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

Satu Holdings Limited, an investment holding company, engages in the designing, development, production, and trading of homeware products. It offers home decorations under the Satu Brown brand name; and home fragrance under the THIS IS FOR U brand name, as well as aromatherapy products.

Full company description

Satu Holdings Limited, an investment holding company, engages in the designing, development, production, and trading of homeware products. It offers home decorations under the Satu Brown brand name; and home fragrance under the THIS IS FOR U brand name, as well as aromatherapy products. The company serves brand owners and licensee, chain supermarkets, and department stores, as well as through an e-commerce platform. It operates in Hong Kong, Denmark, the United Kingdom, Australia, the United States, France, Germany, the People's Republic of China, Poland, Italy, Switzerland, Canada, the Netherlands, and internationally. Satu Holdings Limited was founded in 2000 and is headquartered in Kwun Tong, Hong Kong.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Satu Holdings Ltd reported revenue of HK$54.9M in FY2026 versus HK$126M in FY2022, a compound −18.7%/yr. Reported net income was HK$453K in FY2026, compounding −39.4%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$54.9M
Latest YoY
+7.4%
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.
−3.6%
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.
−2.0%
Avg. growth/yr (10Y) 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.
−4.4%
Revenue −18.7%/yr
FY22 HK$126M
FY23 HK$61.2M
FY24 HK$45.7M
FY25 HK$51.1M
FY26 HK$54.9M
Net income −39.4%/yr
FY22 HK$3.4M
FY23 −HK$6.6M
FY24 −HK$7.8M
FY25 −HK$2.3M
FY26 HK$453K

8392 screens 35% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Satu Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8392

Peer Group

Furnishings, Fixtures & Appliances · 318 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 74 · Top 25%
Fair Value upside −33% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -5% · Bottom 25%
Revenue growth -19% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/B 0.28× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 5.6× · 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 18
FUTURE 0 · sector 0
PAST 9 · sector 19
HEALTH 99 · sector 98
DIVIDEND 0 · sector 62

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥40.23 ¥86.91 +116%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
King Slide Works Co 2059 12,500 TWD 1,917 TWD -85%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
Hisense Home Appliances Group 000921 ¥27.69 ¥50.62 +83%
Ecovacs Robotics Co 603486 ¥57.74 ¥54.14 -6%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 97,200 KRW 103,928 KRW +7%
Voltas Limited VOLTAS ₹1,290 ₹152.27 -88%

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Frequently asked questions

Is Satu Holdings Ltd (8392) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0293 versus a price of HK$0.0450, about −35% (overvalued).
What is the fair value of 8392?
Our model-based fair value for Satu Holdings Ltd is HK$0.0293 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0450.
What is the quality score of 8392?
Satu Holdings Ltd has a Quality Score of 74/100. 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 Satu Holdings Ltd (8392)?
Satu Holdings Ltd reported trailing-twelve-month revenue of about HK$54.9M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8392?
The net profit margin of Satu Holdings Ltd is about 0.8%, meaning it keeps roughly 0.8% 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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