GT Steel Construction Group Ltd (8402) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of GT Steel Construction Group Ltd HK$0.12, price HK$0.11, upside +9.6%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch GT Steel Construction Group Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
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$0.0650 – HK$3.01 · fair‑value band HK$0.0808 – HK$0.1654 · the HK$0.1080 price screens below the HK$0.1184 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
Follow GT Steel Construction Group in your weekly email
Every Wednesday you see whether GT Steel Construction Group is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Plateau Treasures Limited, an investment holding company, designs, supplies, fabricates, and erects structural steel works in Singapore.
Show more
Plateau Treasures Limited, an investment holding company, designs, supplies, fabricates, and erects structural steel works in Singapore. It offers steel structures for the construction of buildings, such as technological plants, industrial buildings, commercial buildings, government institutions, residential buildings, data centers, aerospace, and energy and water plants, as well as water treatment, metal recovery, and cement plants. The company also provides prefabricated steel structures or on-site installation services, as well as services for structural steel works. In addition, it offers general warehousing services; and distributes yak dairy products. The company was formerly known as GT Steel Construction Group Limited and changed its name to Plateau Treasures Limited in October 2023. Plateau Treasures Limited was founded in 2003 and is headquartered in Singapore.
Stock analysis
GT Steel Construction Group Ltd (8402) currently trades at HK$0.1080, while our model-based Fair Value estimate is HK$0.1184, so the stock looks roughly fairly valued today (gap 8.8%).
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of HK$0.1200 per share, and 5 of the 7 models we run sit above the HK$0.1080 price.
Bear case: the Asset-Based group reads lowest at HK$0.0400, and 2 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.0808 (bear) to HK$0.1654 (bull), the price of HK$0.1080 sits inside 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 47/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
GT Steel Construction Group Ltd reported revenue of 13.1M SGD in FY2025 versus 12.7M SGD in FY2021, a compound +0.6%/yr. Reported net income was −3.7M SGD in FY2025.
Key figures
Market cap HK$51.8M (≈ $6.6M) · P/S ratio 3.49 · EPS (TTM) HK$−0.0100 · Net margin −28.0% · Return on equity −53.4% · Return on assets (EBIT) −25.9% · Operating margin −10.9% · Revenue (TTM) 13.1M SGD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 66% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at 10%, 8402 screens cheaper than that median.
Fair Value models
Bear HK$0.0808Fair Value HK$0.1184Bull HK$0.1654
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.
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.35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−43.8%
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.
+11.7%
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.
+5.2%
Start year 2020 (pandemic). Over 10 years: −9.6% a year
Revenue growth 10 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.
−9.6%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−44.1% (2020) → −30.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in SGD, Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +6.1% a year for the price.
Compare GT Steel Construction Group Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Steel · 406 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+9.6% · Above median
Profitability
Return on assets−16.9% · Bottom 25%
Net margin (TTM)−28.0% · Bottom 25%
Operating margin (TTM)−10.9% · Bottom 25%
Growth and dividend
Revenue growth−26.2% · Bottom 25%
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "GT Steel Construction Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8402
Frequently asked questions
Is GT Steel Construction Group Ltd (8402) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1184 versus a price of HK$0.1080, about +10% upside (fairly valued).
What is the fair value of 8402?
Our model-based fair value for GT Steel Construction Group Ltd is HK$0.1184 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.1080.
What is the quality score of 8402?
GT Steel Construction Group Ltd has a Quality Score of 47/100. 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 GT Steel Construction Group Ltd (8402)?
Our model-based price target is the fair value of HK$0.1184 (as of Sep 27, 2026) from 7 valuation models. Cautious scenario HK$0.0808, optimistic scenario HK$0.1654. It is a calculation from audited fundamentals, not an analyst target.
What is the GT Steel Construction Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.1184, about +10% upside versus a price of HK$0.1080 (fairly valued). Cautious scenario HK$0.0808, optimistic scenario HK$0.1654. The calculation is refreshed regularly with new filings.
What is the revenue of GT Steel Construction Group Ltd (8402)?
GT Steel Construction Group Ltd reported trailing-twelve-month revenue of about 13.1M SGD (latest available figure, as of Sep 27, 2026).
What growth is priced into GT Steel Construction Group Ltd (8402)?
For today's price to be fair in a discounted-cash-flow model, GT Steel Construction Group Ltd would have to grow free cash flow by +8.3 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 8402 use?
Our models discount GT Steel Construction Group Ltd at 10.3 %: a base by market capitalisation (nano), country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For GT Steel Construction Group Ltd that is +8.3 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has GT Steel Construction Group Ltd (8402) delivered so far?
Over the past 5 years revenue at GT Steel Construction Group Ltd grew +5.2 % a year. The price currently implies +8.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of GT Steel Construction Group Ltd (8402) growing?
The median revenue growth in the sector is +5.4 % a year. That is the yardstick for the growth priced into GT Steel Construction Group Ltd (+8.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GT Steel Construction Group Ltd (8402)?
The free-cash-flow yield on the price is 6.26 %: that much free cash flow GT Steel Construction Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GT Steel Construction Group Ltd (8402)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GT Steel Construction Group Ltd it is HK$0.1184 per share (as of Sep 27, 2026), against a price of HK$0.1080. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is GT Steel Construction Group Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 8402 trades below its calculated fair value: price HK$0.1080, fair value HK$0.1184, a gap of about +10% (fairly valued). 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 8402?
No. The price is what the market pays today (HK$0.1080); the fair value is what the company's own numbers justify (HK$0.1184). For GT Steel Construction Group Ltd the two are HK$0.0104 per share apart. That gap is exactly why we show both numbers side by side.
How much is GT Steel Construction Group Ltd worth?
The market values GT Steel Construction Group Ltd at about HK$51.8M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.1080; our models calculate a fair value of HK$0.1184 per share.
What do the bullish and bearish scenarios say about 8402?
Our models span a range for GT Steel Construction Group Ltd: cautious scenario HK$0.0808, base HK$0.1184, optimistic HK$0.1654 per share (as of Sep 27, 2026, price HK$0.1080). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of GT Steel Construction Group Ltd (8402)?
Balance-sheet figures for GT Steel Construction Group Ltd (as of Sep 27, 2026): return on equity −53.4%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 8402 from its 52-week high?
GT Steel Construction Group Ltd trades at HK$0.1080, about 30% below its 52-week high of HK$0.1540 and 66% above the low of HK$0.0650 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1184 is for.
Which stocks are comparable to GT Steel Construction Group Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 GT Steel Construction Group Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.1080, calculated fair value HK$0.1184 (+10%), Quality Score 47/100, from 7 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 8402 calculated?
We run GT Steel Construction Group Ltd through 7 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$0.1184, 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. GT Steel Construction Group Ltd currently trades 9 % below its own fair value, and the market average says nothing about that. 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 GT Steel Construction Group Ltd (8402)?
The closing price on Sep 30, 2026 was HK$0.1080. Our model-based fair value is HK$0.1184, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GT Steel Construction Group Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (HK$0.0808 to HK$0.1654) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of GT Steel Construction Group Ltd
How large is the market capitalisation of GT Steel Construction Group Ltd (8402)?
The market capitalisation of GT Steel Construction Group Ltd is HK$51.8M (≈ $6.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of GT Steel Construction Group Ltd (8402)?
The price-to-sales ratio of GT Steel Construction Group Ltd is 3.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of GT Steel Construction Group Ltd (8402)?
Earnings per share at GT Steel Construction Group Ltd are HK$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of GT Steel Construction Group Ltd (8402)?
The net margin of GT Steel Construction Group Ltd is −28.0% (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 GT Steel Construction Group Ltd (8402)?
The return on equity (ROE) of GT Steel Construction Group Ltd is −53.4% (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 GT Steel Construction Group Ltd (8402)?
On an EBIT basis the return on assets of GT Steel Construction Group Ltd is −25.9% (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 GT Steel Construction Group Ltd (8402)?
The operating margin of GT Steel Construction Group Ltd is −10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GT Steel Construction Group Ltd (8402)?
Revenue at GT Steel Construction Group Ltd is growing −26.2% versus a year earlier (3y avg +11.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does GT Steel Construction Group Ltd (8402) carry?
The net debt of GT Steel Construction Group Ltd is 1.6M SGD (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch GT Steel Construction Group Ltd in the live analysis
One click puts GT Steel Construction Group Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
