EN DE

Fameglow Holdings Ltd (8603) Fair Value & Analysis

Consumer Discretionary · HK · Market cap HK$11.7B

FH Fameglow Holdings Ltd 8603 · HK
PriceHK$21.78
Fair ValueHK$11.13
Upside-48.9%
Quality61/100
Watch Fameglow Holdings Ltd for free, get notified when fair value or trend changes. Watch for free

Strengths

✓Healthy Growth (revenue 5y +48.4 %/yr)
✓generates free cash flow
✓Ranks above peers (6/10)
✓Wide moat 68/100

Risks

!Trades 96% ABOVE our fair value of HK$11.13
!Thin margins · 9.3% net margin
!The models disagree: range HK$8.31 to HK$31.59
Healthy Growth (revenue 5y +48.4 %/yr)
Thin margins · 9.3% net margin
generates free cash flow
Ranks above peers (6/10)
Wide moat 68/100
Evidence: High Range HK$8.31 – HK$31.59 Share as image

Fair value as of: Aug 27, 2026

From 24 valuation models · updated today

Fair value updated Aug 27, 2026, revised from HK$1.42 to HK$11.13 (+683.8%) since Aug 25, 2026. Share price +49.0% over the past month.

A solid business, but trading 96% above our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Track Fameglow Holdings Ltd and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card. Track it free

What matters now

  • The model range is unusually wide (HK$8.31 to HK$31.59). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$21.78 HK$0.0950 Fair Value HK$11.13 Nov 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range HK$0.0950 – HK$21.78 · fair‑value band HK$8.31 – HK$31.59 · the HK$21.78 price screens above the HK$11.13 fair value. Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Fameglow Holdings Ltd (8603) currently trades at HK$21.78, while our model-based Fair Value estimate is HK$11.13, implying the stock looks roughly 48.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Discretionary 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, Fameglow Holdings Ltd generated revenue of HK$590M at a net margin of 9.3%. Revenue grew 14.8% year over year. It earns a return on equity of 34.9%. Net debt stands at HK$8.5M. Fundamentals as of Aug 27, 2026

Our scenario range runs from HK$8.31 (bear case) to HK$31.59 (bull case); at HK$21.78, 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 near its 52-week high. For context, the median of 10 Consumer Discretionary peers we cover trades at -22% fair-value upside, at -49%, 8603 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (HK$0.1700 to HK$3.41). Read the values as a conservative anchor, not as a price target.
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
Residual Income HK$0.4700 HK$0.6300 HK$4.18 76
Growth DCF HK$1.01 HK$1.86 HK$3.27 72
Growth-Adj P/E HK$2.17 HK$3.10 HK$4.03 68
All 24 models by family
DCF Models
FCF DCF HK$1.06 HK$1.59 HK$3.28 38
Owner Earnings HK$1.42 HK$3.07 HK$6.52 31
5Y Revenue Exit HK$0.8800 HK$1.42 HK$2.57 39
5Y EBITDA Exit HK$1.60 HK$2.88 HK$5.40 41
5Y P/E Exit HK$1.22 HK$2.62 HK$4.53 38
10Y Revenue Exit HK$0.9200 HK$1.86 HK$2.46 36
10Y EBITDA Exit HK$1.47 HK$3.41 HK$6.89 37
10Y P/E Exit HK$1.19 HK$2.59 HK$4.92 35
Earnings-Based
Graham-Dodd HK$0.4500 HK$3.16 HK$4.44 54
Lynch FV HK$1.63 HK$2.34 HK$3.04 50
PEG = 1.0 HK$1.63 HK$2.34 HK$3.04 46
EPV HK$0.8100 HK$0.9200 HK$1.02 59
Multiples
P/E Multiple HK$1.10 HK$1.47 HK$1.83 63
P/S Multiple HK$0.6500 HK$0.8600 HK$1.08 58
P/B Multiple HK$0.7600 HK$1.01 HK$1.26 55
EV/EBIT HK$1.21 HK$1.57 HK$1.92 53
EV/EBITDA HK$1.74 HK$2.27 HK$2.80 54
EV/Revenue HK$0.7400 HK$1.00 HK$1.26 43
Asset-Based
NCAV (Graham) HK$0.1300 HK$0.1700 HK$0.2500 50
Growth DCF
Growth DCF HK$1.01 HK$1.86 HK$3.27 72
Rev-Margin DCF HK$0.9600 HK$1.61 HK$2.98 67
Economic Profit
Residual Income HK$0.4700 HK$0.6300 HK$4.18 76
ROIC Compounder HK$0.9600 HK$1.32 HK$1.78 67
Growth Earnings
Growth-Adj P/E HK$2.17 HK$3.10 HK$4.03 68

Widest divergence: Growth Earnings (HK$3.10) versus Asset-Based (HK$0.1700). Highest evidence: Residual Income (76).

Notify me when 8603 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 311.1
P/S ratio 19.9 TTM
Net margin 9.3% TTM
Return on equity 34.9% TTM
Return on assets 10.4% TTM
Operating margin 12.7% TTM
More key figures
Profitability
EPS (TTM) HK$0.0700
Growth
Revenue (TTM) HK$590M TTM
Revenue growth (YoY) +14.8% 3y avg +37.4%
EPS growth (YoY) +13.6%
Balance sheet & cash flow
Free cash flow HK$45.1M FY2026
Net debt HK$8.5M FY2026 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 85

Profitability 79
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 99
Distance to the 52-week high (market factor)
Net Issuance 77
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Fameglow Holdings Limited, an investment holding company, provides medical aesthetic services in Hong Kong. It offers non-surgical medical aesthetic services; energy-based procedures, such as energy-based devices that emit different types of energy on the skin surface; minimally invasive procedures, including injection treatments; and traditional beauty …

Full company description

Fameglow Holdings Limited, an investment holding company, provides medical aesthetic services in Hong Kong. It offers non-surgical medical aesthetic services; energy-based procedures, such as energy-based devices that emit different types of energy on the skin surface; minimally invasive procedures, including injection treatments; and traditional beauty services comprising non-medical and non-invasive treatments. The company also provides skincare products. In addition, it operates medical aesthetic centers under the per Face brand. The company was founded in 2008 and is headquartered in Lai Chi Kok, Hong Kong. Fameglow Holdings Limited operates as a subsidiary of Equal Joy Holdings Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Fameglow Holdings Ltd reported revenue of HK$590M in FY2026 versus HK$180M in FY2022, a compound +34.6%/yr. Reported net income was HK$54.6M in FY2026.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
HK$590M
Latest YoY
+35.5%
Avg. revenue 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.
+37.4%
Avg. revenue 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.
+48.4%
Avg. revenue 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.
+28.1%
Value creation/yr (3Y) ⓘEarnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+23.8% (23.8 + 0.0)
Revenue +34.6%/yr
FY22 HK$180M
FY23 HK$228M
FY24 HK$299M
FY25 HK$435M
FY26 HK$590M
Net income
FY22 −HK$8.8M
FY23 HK$16.4M
FY24 HK$40.8M
FY25 HK$45.7M
FY26 HK$54.6M

8603 screens 49% overvalued. Compare with Alibaba Group →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Fameglow Holdings Ltd · Fair Value
HK$11.13 −49%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Fameglow Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8603

Peer Group

Consumer Discretionary · 3823 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Consumer Services” was too small, so the broader sector is used.)

Quality Score 61 · Above median
Fair Value upside −49% · Below median
Return on equity (TTM) 35% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 15% · Top 25%

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

P/E (TTM) 311.1× · Pricier than 75% of peers
P/S (TTM) 19.86× · Pricier than 75% of peers
P/FCF 33.2× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 22
FUTURE74 · sector 15
PAST100 · sector 21
HEALTH0 · sector 96
DIVIDEND0 · sector 43

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

Similar stocks

10 more Diversified Consumer Services stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Alibaba Group 89988 HK$97.45 HK$48.38 -50%
JD.com, Inc 89618 ¥95.45 ¥73.98 -22%
ALWN ALWN €13.50 €11.72 -13%
Zhong Jia Guo Xin Holdings 2997 HK$0.0990 HK$0.1466 +48%
BYLOT BYLOT €1.17 €0.3900 -67%
BBBY BBBY $4.15 $0.5600 -87%
MCCHRLSB MCCHRLSB ₹670.10 ₹142.86 -79%
RAJPALAYAM RAJPALAYAM ₹823.35 ₹1,694 +106%
ISTLTD ISTLTD ₹659.50 ₹806.60 +22%
MERCURYEV MERCURYEV ₹34.69 ₹3.93 -89%

Compare Fameglow Holdings Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Fameglow Holdings Ltd (8603) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of HK$11.13 versus a price of HK$21.78, about −49% (overvalued).
What is the fair value of 8603?
Our model-based fair value for Fameglow Holdings Ltd is HK$11.13 (as of Aug 27, 2026), built from audited fundamentals. The current price: HK$21.78.
What is the quality score of 8603?
Fameglow Holdings Ltd has a Quality Score of 61/100. 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 Fameglow Holdings Ltd (8603)?
Fameglow Holdings Ltd reported trailing-twelve-month revenue of about HK$590M (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 8603?
The net profit margin of Fameglow Holdings Ltd is about 9.3%, meaning it keeps roughly 9.3% 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.

Free · no account needed

Watch Fameglow Holdings Ltd in the live analysis

One click puts Fameglow Holdings 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.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.