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GT Steel Construction Group Ltd (8402) Fair Value & Analysis

Basic Materials · HK · Market cap HK$45.6M

GS GT Steel Construction Group Ltd 8402 · HK
PriceHK$0.0730
Fair ValueHK$0.0781
Upside+7.0%
Quality47/100
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Mixed Growth
Loss-making · -28.0% net margin
Low debt · generates free cash flow
Trails peers (3/11)
Narrow moat 8/100
Evidence: Low Range HK$0.0635 – HK$0.1000 Share as image

Fair value as of: Aug 15, 2026

From 7 valuation models · updated 2 days ago

Fair value updated Aug 15, 2026, revised from HK$0.0809 to HK$0.0781 (−3.5%) since Aug 6, 2026. Share price −2.7% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$3.01 HK$0.0730 Fair Value HK$0.0781 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range HK$0.0730 – HK$3.01 · fair‑value band HK$0.0635 – HK$0.1000 · the HK$0.0730 price screens below the HK$0.0781 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

GT Steel Construction Group Ltd (8402) currently trades at HK$0.0730, while our model-based Fair Value estimate is HK$0.0781, implying the stock looks roughly 7.0% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials 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: low), always confirm before acting.

Over the trailing twelve months, GT Steel Construction Group Ltd generated revenue of HK$13.1M at a net margin of -28.0%. Revenue declined 26.2% year over year. It earns a return on equity of -53.4%. Net debt stands at HK$1.6M. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$0.0635 (bear case) to HK$0.1000 (bull case); at HK$0.0730, 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 59% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 7%, 8402 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$0.0100 HK$0.0200 HK$0.0200 80
Rev-Margin DCF HK$0.0100 HK$0.0200 HK$0.0200 74
NCAV (Graham) HK$0.0100 HK$0.0100 HK$0.0100 50
All 7 models by family
DCF Models
FCF DCF HK$0.0100 HK$0.0200 HK$0.0200 38
5Y Revenue Exit HK$0.0100 HK$0.0200 HK$0.0200 39
10Y Revenue Exit HK$0.0100 HK$0.0200 HK$0.0200 36
Multiples
EV/Revenue HK$0.0100 HK$0.0200 HK$0.0200 43
Asset-Based
NCAV (Graham) HK$0.0100 HK$0.0100 HK$0.0100 50
Growth DCF
Growth DCF HK$0.0100 HK$0.0200 HK$0.0200 80
Rev-Margin DCF HK$0.0100 HK$0.0200 HK$0.0200 74

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

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Key figures & financial health

Revenue (TTM) HK$13.1M
Revenue growth (YoY) -26.2%
Net margin -28.0%
Return on equity -53.4%
Free cash flow HK$529K FY2025
Operating margin -10.9%
More key figures
EPS (TTM) HK$-0.0100
Net debt HK$1.6M FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 15

Profitability 15
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Plateau Treasures Limited, an investment holding company, designs, supplies, fabricates, and erects structural steel works in Singapore.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GT Steel Construction Group Ltd reported revenue of HK$13.1M in FY2025 versus HK$12.7M in FY2021, a compound +0.6%/yr. Reported net income was −HK$3.7M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$13.1M
Latest YoY
−43.8%
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.
+11.7%
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.
+5.2%
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.
−9.6%
Revenue +0.6%/yr
FY21 HK$12.7M
FY22 HK$9.4M
FY23 HK$18.3M
FY24 HK$23.3M
FY25 HK$13.1M
Net income
FY21 −HK$9.6M
FY22 −HK$6.8M
FY23 −HK$1.4M
FY24 −HK$1.1M
FY25 −HK$3.7M

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Cite: Fair Value Calculator (2026). "GT Steel Construction Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8402

Peer Group

Steel · 380 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 47 · Below median
Fair Value upside +10% · Above median
Return on assets -17% · Bottom 25%
Net margin (TTM) -28% · Bottom 25%
Operating margin (TTM) -11% · Bottom 25%
Revenue growth -26% · Bottom 25%

Valuation Multiples vs Steel median · lower = cheaper

P/B 1.16× · Pricier than median
P/S (TTM) 0.45× · Cheaper than median
P/FCF 11.0× · Pricier 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 46 · sector 16
FUTURE 0 · sector 4
PAST 0 · sector 16
HEALTH 100 · sector 95
DIVIDEND 0 · sector 55

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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is GT Steel Construction Group Ltd (8402) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$0.0781 versus a price of HK$0.0730, about +7% (fairly valued).
What is the fair value of 8402?
Our model-based fair value for GT Steel Construction Group Ltd is HK$0.0781 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$0.0730.
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 revenue of GT Steel Construction Group Ltd (8402)?
GT Steel Construction Group Ltd reported trailing-twelve-month revenue of about HK$13.1M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 8402?
The net profit margin of GT Steel Construction Group Ltd is about -28.0%, 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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