Sanbase Corporation Ltd (8501) Fair Value & Analysis

Industrials · HK · Market cap HK$148M

A solid business, but screening 44% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (HK$0.6200). The favourable scenario is already priced in.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (HK$0.3300 to HK$0.6200) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

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$0.2550 – HK$1.03 · fair‑value band HK$0.3300 – HK$0.6200 · the HK$0.9000 price screens above the HK$0.5000 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sanbase Corporation Ltd (8501) currently trades at HK$0.9000, while our model-based Fair Value estimate is HK$0.5000, implying the stock looks roughly 44.4% overvalued today. The Quality Score stands at 50/100 (solid 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: low).

Over the trailing twelve months, Sanbase Corporation Ltd generated revenue of HK$345M at a net margin of -3.9%. Revenue declined 37.9% year over year. It earns a return on equity of -12.9%. The balance sheet holds a net cash position of HK$124M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.3300 (bear case) to HK$0.6200 (bull case); at HK$0.9000, 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 near its 52-week high and 157% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -44%, 8501 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.

Key figures & financial health

Quality Score breakdown

About the company

Sanbase Corporation Limited, an investment holding company, provides interior fit-out solutions in Hong Kong and the People's Republic of China. The company offers fitting-out/construction management, bare-shell fit-out, restacking, reinstatement, preventive maintenance, and piecemeal repair and modification services.

Full company description

Sanbase Corporation Limited, an investment holding company, provides interior fit-out solutions in Hong Kong and the People's Republic of China. The company offers fitting-out/construction management, bare-shell fit-out, restacking, reinstatement, preventive maintenance, and piecemeal repair and modification services. It also provides design consultancy/project management, site selection, strategic planning, interior design, engineering, construction management, and move management services. In addition, the company offers restacking services, including upgrading and re-planning services, and modification works to existing interior structures; reinstatement services, which includes demolishing additional moveable structure; design services; churn works services; and maintenance and other services comprising minor repairs and general builder's maintenance work to the tenant's office facilities, pest control and emergency call services, project management services, and mechanical, electrical, and plumbing consultancy services. The company was founded in 2009 and is headquartered in Central, Hong Kong. Sanbase Corporation Limited is a subsidiary of Madison Square International Investment Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sanbase Corporation Ltd reported revenue of HK$345M in FY2026 versus HK$413M in FY2022, a compound −4.4%/yr. Reported net income was −HK$13.6M in FY2026.

8501 screens 44% overvalued. Compare with Verisk Analytics, Inc →

Peer Group

Consulting Services · 85 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.

Valuation Multiples vs Consulting Services median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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.