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Amuse Group Holding Ltd (8545) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$47.7M

AG Amuse Group Holding Ltd 8545 · HK
PriceHK$0.0380
Fair ValueHK$0.0844
Upside+122.1%
Quality54/100
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Weak Growth
Loss-making · -1.4% net margin
generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 12/100
Evidence: Medium Range HK$0.0806 – HK$0.0920 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0880 to HK$0.0844 (−4.1%) since Aug 6, 2026. Share price −5.0% over the past month.

A solid business, screening 122% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.0806). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The models converge in a tight band (HK$0.0806 to HK$0.0920), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$0.1410 HK$0.0230 Fair Value HK$0.0844 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$0.1410 · fair‑value band HK$0.0806 – HK$0.0920 · the HK$0.0380 price screens below the HK$0.0844 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Amuse Group Holding Ltd (8545) currently trades at HK$0.0380, while our model-based Fair Value estimate is HK$0.0844, implying the stock looks roughly 122.1% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Amuse Group Holding Ltd generated revenue of HK$176M at a net margin of -1.4%. Revenue grew 55.2% year over year. It earns a return on equity of -1.3%. The balance sheet holds a net cash position of HK$117M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0806 (bear case) to HK$0.0920 (bull case); at HK$0.0380, the current price sits below 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 22% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 122%, 8545 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$0.1800 HK$0.2000 HK$0.2200 72
Gordon GGM HK$0.0100 HK$0.0100 HK$0.0100 70
Rev-Margin DCF HK$0.1800 HK$0.2200 HK$0.2700 67
All 13 models by family
DCF Models
FCF DCF HK$0.1800 HK$0.2000 HK$0.2300 38
Owner Earnings HK$0.1400 HK$0.1400 HK$0.1600 31
5Y Revenue Exit HK$0.1800 HK$0.2200 HK$0.2700 39
5Y EBITDA Exit HK$0.1600 HK$0.1800 HK$0.2000 41
10Y Revenue Exit HK$0.1800 HK$0.2000 HK$0.2200 36
10Y EBITDA Exit HK$0.1700 HK$0.1800 HK$0.1900 37
Dividend Discount
Gordon GGM HK$0.0100 HK$0.0100 HK$0.0100 70
DDM Multi-Stage HK$0.0100 HK$0.0100 HK$0.0100 61
Multiples
EV/EBITDA HK$0.1500 HK$0.1700 HK$0.1800 54
EV/Revenue HK$0.2000 HK$0.2400 HK$0.2800 43
Asset-Based
NCAV (Graham) HK$0.0800 HK$0.1100 HK$0.1600 50
Growth DCF
Growth DCF HK$0.1800 HK$0.2000 HK$0.2200 72
Rev-Margin DCF HK$0.1800 HK$0.2200 HK$0.2700 67

Widest divergence: Growth DCF (HK$0.2000) versus Dividend Discount (HK$0.0100). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) HK$176M
Revenue growth (YoY) +55.2%
Net margin -1.4%
Return on equity -1.3%
Free cash flow HK$12.1M FY2025
Operating margin 2.2%
More key figures
EPS growth (YoY) -24.5%
Net cash HK$117M FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 58 · Market factors (momentum, volatility) 38

Profitability 19
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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

Amuse Group Holding Limited, an investment holding company, designs, markets, distributes, and sells toys and related products in Hong Kong, Japan, the United States, the People's Republic of China, Taiwan, South Korea, Germany, Australia, Italy, France, and internationally.

Full company description

Amuse Group Holding Limited, an investment holding company, designs, markets, distributes, and sells toys and related products in Hong Kong, Japan, the United States, the People's Republic of China, Taiwan, South Korea, Germany, Australia, Italy, France, and internationally. It operates through Sales of Original Design Manufacturer (ODM) Toys; Distribution of Imported Toys and Related Products; and Sales of Own Licensed Toys and Related Products segments. The company offers various premium and general class figures based on third-party-owned ACG characters; and other related products, such as pens and hair ties. It also provides agency services, including engineering and management consultancy, process monitoring, and quality assurance services. The company sells its products to toy licensees or toy intermediaries, as well as distributors under the SEN-TI-NEL, TOPI, and FLAME TOYS brands. Amuse Group Holding Limited was founded in 2004 and is headquartered in Tsuen Wan, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Amuse Group Holding Ltd reported revenue of HK$143M in FY2025 versus HK$211M in FY2021, a compound −9.3%/yr. Reported net income was −HK$2.1M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$143M
Latest YoY
−34.7%
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.
−12.9%
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.
−7.1%
Avg. growth/yr (9Y) 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.
+1.7%
Revenue −9.3%/yr
FY21 HK$211M
FY22 HK$216M
FY23 HK$236M
FY24 HK$219M
FY25 HK$143M
Net income
FY21 HK$8.7M
FY22 HK$1.5M
FY23 HK$5.8M
FY24 HK$486K
FY25 −HK$2.1M

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Cite: Fair Value Calculator (2026). "Amuse Group Holding Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8545

Peer Group

Leisure · 190 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 54 · Above median
Fair Value upside +111% · Top 25%
Return on assets -0% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 55% · Top 25%
Dividend yield (TTM) 1.9% · Below median

Valuation Multiples vs Leisure median · lower = cheaper

P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper 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 100 · sector 18
FUTURE 100 · sector 17
PAST 0 · sector 19
HEALTH 0 · sector 95
DIVIDEND 38 · sector 54

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.

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Frequently asked questions

Is Amuse Group Holding Ltd (8545) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0844 versus a price of HK$0.0380, about +122% (undervalued).
What is the fair value of 8545?
Our model-based fair value for Amuse Group Holding Ltd is HK$0.0844 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0380.
What is the quality score of 8545?
Amuse Group Holding Ltd has a Quality Score of 54/100. 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 Amuse Group Holding Ltd (8545)?
Amuse Group Holding Ltd reported trailing-twelve-month revenue of about HK$176M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8545?
The net profit margin of Amuse Group Holding Ltd is about -1.4%, 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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