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Universe Printshop Holdings Ltd (8448) Fair Value & Analysis

Industrials · HK · Market cap HK$147M

UP Universe Printshop Holdings Ltd 8448 · HK
PriceHK$1.00
Fair ValueHK$0.2890
Upside-71.1%
Quality46/100
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Mixed Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 30/100
Evidence: High Range HK$0.2210 – HK$0.3655 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 3 days ago

Share price −20.6% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.3655). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$1.89 HK$0.0950 Fair Value HK$0.2890 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$0.0950 – HK$1.89 · fair‑value band HK$0.2210 – HK$0.3655 · the HK$1.00 price screens above the HK$0.2890 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Universe Printshop Holdings Ltd (8448) currently trades at HK$1.00, while our model-based Fair Value estimate is HK$0.2890, implying the stock looks roughly 71.1% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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, Universe Printshop Holdings Ltd generated revenue of HK$180M at a net margin of 0.9%. Revenue grew 82.1% year over year. It earns a return on equity of 18.2%. Net debt stands at HK$17.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2210 (bear case) to HK$0.3655 (bull case); at HK$1.00, the current price sits above 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 50% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -38% fair-value upside, at -71%, 8448 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$0.0800 HK$0.1100 HK$0.1500 80
ROIC Compounder HK$0.3300 HK$0.3900 HK$0.4600 72
Growth-Adj P/E HK$0.2000 HK$0.2900 HK$0.3800 68
All 23 models by family
DCF Models
FCF DCF HK$0.0800 HK$0.1100 HK$0.1600 38
Owner Earnings HK$0.3400 HK$0.5100 HK$0.7500 31
5Y Revenue Exit HK$0.2800 HK$0.5200 HK$0.8600 39
5Y EBITDA Exit HK$0.6600 HK$1.28 HK$2.07 41
5Y P/E Exit HK$0.1700 HK$0.3100 HK$0.4700 38
10Y Revenue Exit HK$0.1800 HK$0.3600 HK$0.6400 36
10Y EBITDA Exit HK$0.4000 HK$0.8300 HK$1.48 37
10Y P/E Exit HK$0.1300 HK$0.2300 HK$0.3700 35
Earnings-Based
Graham-Dodd HK$0.1100 HK$0.4700 HK$0.6500 54
Lynch FV HK$0.1200 HK$0.1700 HK$0.2200 50
PEG = 1.0 HK$0.1200 HK$0.1700 HK$0.2200 46
EPV HK$0.3100 HK$0.3400 HK$0.3700 59
Multiples
P/E Multiple HK$0.2600 HK$0.3400 HK$0.4300 63
P/S Multiple HK$0.2100 HK$0.2800 HK$0.3500 58
P/B Multiple HK$0.2100 HK$0.2800 HK$0.3500 55
EV/EBIT HK$0.6000 HK$0.8000 HK$1.00 53
EV/EBITDA HK$1.19 HK$1.58 HK$1.97 54
EV/Revenue HK$0.4300 HK$0.6100 HK$0.8000 43
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1000 50
Growth DCF
Growth DCF HK$0.0800 HK$0.1100 HK$0.1500 80
Economic Profit
Residual Income HK$0.0900 HK$0.1100 HK$0.2300 61
ROIC Compounder HK$0.3300 HK$0.3900 HK$0.4600 72
Growth Earnings
Growth-Adj P/E HK$0.2000 HK$0.2900 HK$0.3800 68

Widest divergence: DCF Models (HK$0.3600) versus Asset-Based (HK$0.0700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$180M
Revenue growth (YoY) +82.1%
Net margin 0.9%
Return on equity 18.2%
Free cash flow HK$735K FY2025
P/E ratio 100.0
More key figures
Operating margin -1.5%
EPS (TTM) HK$0.0100
EPS growth (YoY) +9.3%
Net debt HK$17.2M FY2026

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 59

Profitability 59
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 50
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

Universe Printshop Holdings Limited, an investment holding company, provides general printing services in Hong Kong, Mainland China, and internationally. It operates in Provision of General Printing Services and Trading of Printing Equipment and Consumables segments. The company provides offset, ink-jet, and toner-based digital printing services.

Full company description

Universe Printshop Holdings Limited, an investment holding company, provides general printing services in Hong Kong, Mainland China, and internationally. It operates in Provision of General Printing Services and Trading of Printing Equipment and Consumables segments. The company provides offset, ink-jet, and toner-based digital printing services. It also offers printing-related products, such as pre-ink stamps, plastic name-cards, printed eco-bags, and printed plastic folders; stationery, advertisements, periodicals, directories, and catalogues; and post-press treatment services, including varnishing, binding, and laminating. In addition, the company is involved in the provision of warehousing, inventory management, and distribution services; and pre-press processing services, as well as trades in printing-related raw materials, machinery, and equipment. The company was founded in 2001 and is headquartered in Tsuen Wan, Hong Kong. Universe Printshop Holdings Limited is a former subsidiary of New Metro Global Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Universe Printshop Holdings Ltd reported revenue of HK$180M in FY2026 versus HK$114M in FY2022, a compound +12.2%/yr. Reported net income was HK$1.6M in FY2026.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$180M
Latest YoY
+10.0%
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.
+23.6%
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.
+11.8%
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.
+3.8%
Revenue +12.2%/yr
FY22 HK$114M
FY23 HK$95.5M
FY24 HK$69.9M
FY25 HK$164M
FY26 HK$180M
Net income
FY22 −HK$4.4M
FY23 −HK$20.5M
FY24 −HK$28.4M
FY25 HK$619K
FY26 HK$1.6M
Character of growth · EPS growth decomposed (2016-2026) +12.7 % p.a.
Revenue per share +35.2 pp

of which total revenue +3.3 pp · buybacks/dilution +32.0 pp

EBIT margin −7.2 pp
Tax rate −2.2 pp
Residual (interest, one-offs) −13.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

8448 screens 71% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Universe Printshop Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8448

Peer Group

Specialty Business Services · 249 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 46 · Below median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 82% · Top 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 100.0× · Pricier than 75% of peers
P/B 14.46× · Pricier than 75% of peers
P/S (TTM) 0.81× · Cheaper than median
P/FCF 25.4× · Pricier than 75% of peers
EV/EBITDA 31.9× · 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 0 · sector 26
FUTURE 100 · sector 25
PAST 73 · sector 34
HEALTH 100 · sector 90
DIVIDEND 0 · sector 52

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $205.28 $95.19 -54%
RELX PLC RELX $34.55 $32.24 -7%
Thomson Reuters Corporation TRI C$142.85 C$70.40 -51%
Copart, Inc CPRT $28.99 $28.59 -1%
Global Payments Inc GPN $88.53 $68.98 -22%
RB Global, Inc RBA C$120.52 C$49.14 -59%
Brambles Limited BXB A$19.89 A$12.28 -38%
UL Solutions Inc ULS $76.68 $33.62 -56%
Aramark ARMK $60.35 $13.18 -78%
ISS A/S ISS kr 288.20 kr 251.13 -13%

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Frequently asked questions

Is Universe Printshop Holdings Ltd (8448) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2890 versus a price of HK$1.00, about −71% (overvalued).
What is the fair value of 8448?
Our model-based fair value for Universe Printshop Holdings Ltd is HK$0.2890 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.00.
What is the quality score of 8448?
Universe Printshop Holdings Ltd has a Quality Score of 46/100. 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 Universe Printshop Holdings Ltd (8448)?
Universe Printshop Holdings Ltd reported trailing-twelve-month revenue of about HK$180M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8448?
The net profit margin of Universe Printshop Holdings Ltd is about 0.9%, meaning it keeps roughly 0.9% 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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