EN DE

Heng Sheng Holding Group Limited (900270) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 102B KRW

HS Heng Sheng Holding Group Limited 900270 · KQ
Price3,545 KRW
Fair Value1,482 KRW
Upside-58.2%
Quality59/100
Watch Heng Sheng Holding Group Limited for free, get notified when fair value or trend changes. Watch for free

Strengths

Low debt · generates free cash flow

Risks

!Trades 139% ABOVE our fair value of 1,482 KRW
!Mixed Growth (revenue 5y +164.5 %/yr)
!Loss-making · -1.7% net margin
!Mixed vs. peers (5/10)
Mixed Growth (revenue 5y +164.5 %/yr)
Loss-making · -1.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 21/100
Evidence: Medium Range 1,442 KRW – 1,522 KRW Share as image

Fair value as of: Aug 27, 2026

From 13 valuation models · updated today

Share price +68.8% over the past month.

A solid business, but trading 139% above our fair value.

What runs behind every stock

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

Track Heng Sheng Holding Group Limited 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 price sits above even our optimistic bull case (1,522 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (1,442 KRW to 1,522 KRW), unusually little disagreement for a valuation.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

35,700 KRW 2,100 KRW Fair Value 1,482 KRW Feb 2021 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 2,100 KRW – 35,700 KRW · fair‑value band 1,442 KRW – 1,522 KRW · the 3,545 KRW price screens above the 1,482 KRW 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

Heng Sheng Holding Group Limited (900270) currently trades at 3,545 KRW, while our model-based Fair Value estimate is 1,482 KRW, implying the stock looks roughly 58.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, Heng Sheng Holding Group Limited generated revenue of 113B KRW at a net margin of -1.7%. Revenue grew 20.2% year over year. It earns a return on equity of -0.5%. Fundamentals as of Aug 27, 2026

Our scenario range runs from 1,442 KRW (bear case) to 1,522 KRW (bull case); at 3,545 KRW, 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, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at -58%, 900270 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 2,935 KRW 4,523 KRW 7,127 KRW 80
Rev-Margin DCF 2,164 KRW 2,658 KRW 3,706 KRW 74
Gordon GGM 25.94 KRW 53.94 KRW 85.57 KRW 70
All 13 models by family
DCF Models
FCF DCF 3,037 KRW 4,020 KRW 7,153 KRW 38
Owner Earnings 1,460 KRW 1,637 KRW 2,008 KRW 31
5Y Revenue Exit 2,094 KRW 2,487 KRW 3,297 KRW 39
5Y EBITDA Exit 1,882 KRW 2,058 KRW 2,394 KRW 41
10Y Revenue Exit 2,364 KRW 3,213 KRW 3,629 KRW 36
10Y EBITDA Exit 2,226 KRW 2,756 KRW 3,493 KRW 37
Dividend Discount
Gordon GGM 25.94 KRW 53.94 KRW 85.57 KRW 70
DDM Multi-Stage 25.94 KRW 45.49 KRW 56.61 KRW 61
Multiples
EV/EBITDA 1,442 KRW 1,482 KRW 1,522 KRW 54
EV/Revenue 1,696 KRW 1,856 KRW 2,017 KRW 43
Asset-Based
NCAV (Graham) 788.58 KRW 1,057 KRW 1,577 KRW 50
Growth DCF
Growth DCF 2,935 KRW 4,523 KRW 7,127 KRW 80
Rev-Margin DCF 2,164 KRW 2,658 KRW 3,706 KRW 74

Widest divergence: Growth DCF (2,658 KRW) versus Dividend Discount (45.49 KRW). Highest evidence: Growth DCF (80).

Notify me when 900270 reaches fair value

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

Key figures & financial health

P/S ratio 0.91 TTM
Net margin -1.7% TTM
Return on equity -0.5% TTM
Return on assets 0.1% TTM
Operating margin -0.4% TTM
Revenue (TTM) 112B KRW TTM
More key figures
Growth
Revenue growth (YoY) +19.3% 3y avg +441%
EPS growth (YoY) -81.0%
Balance sheet & cash flow
Free cash flow 24.9B KRW FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 64 · Market factors (momentum, volatility) 28

Profitability 8
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 100
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

Heng Sheng Holding Group Limited engages in research and development, manufacturing, and distribution of toys, children's clothing in Hong Kong and internationally. It offers Plastic and Plush Toys; and Children's Clothing and Accessories. The company is also involved in animation production business.

Full company description

Heng Sheng Holding Group Limited engages in research and development, manufacturing, and distribution of toys, children's clothing in Hong Kong and internationally. It offers Plastic and Plush Toys; and Children's Clothing and Accessories. The company is also involved in animation production business. Heng Sheng Holding Group Limited was incorporated in 1995 and is based in Kwun Tong, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Heng Sheng Holding Group Limited reported revenue of 109B KRW in FY2025 versus 687M KRW in FY2021, a compound +254.8%/yr. Reported net income was −4.5B KRW in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
109B KRW
Latest YoY
+17,475.4%
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.
+441.1%
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.
+164.5%
Avg. revenue growth/yr (11Y) 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.
−4.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +254.8%/yr
FY21 687M KRW
FY22 687M KRW
FY23 479M KRW
FY24 619M KRW
FY25 109B KRW
Net income
FY21 3.4M KRW
FY22 −10.2M KRW
FY23 −4.5M KRW
FY24 12.4M KRW
FY25 −4.5B KRW

900270 screens 58% overvalued. Compare with ANTA Sports Products Limited →

Share or link this analysis
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.

Cite: Fair Value Calculator (2026). "Heng Sheng Holding Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/900270

Peer Group

Leisure · 194 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 59 · Above median
Fair Value upside −58% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -2% · Below median
Operating margin (TTM) -0% · Below median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 4.3% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/FCF 0.0× · Cheaper 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 19
FUTURE97 · sector 15
PAST0 · sector 19
HEALTH99 · sector 94
DIVIDEND85 · sector 54

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 Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$72.80 HK$119.82 +65%
Pop Mart International Group 9992 HK$154.30 HK$227.30 +47%
Amer Sports, Inc AS $33.03 $16.16 -51%
Hasbro, Inc HAS $94.89 $81.97 -14%
Life Time Group LTH $45.40 $15.61 -66%
Acushnet Holdings GOLF $89.10 $36.89 -59%
Ninebot Limited 689009 ¥44.94 ¥39.73 -12%
Li Ning Company 2331 HK$14.25 HK$29.50 +107%
Mattel, Inc MAT $15.26 $18.93 +24%
Planet Fitness, Inc PLNT $48.26 $52.62 +9%

Compare Heng Sheng Holding Group Limited 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 Heng Sheng Holding Group Limited (900270) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 1,482 KRW versus a price of 3,545 KRW, about −58% (overvalued).
What is the fair value of 900270?
Our model-based fair value for Heng Sheng Holding Group Limited is 1,482 KRW (as of Aug 27, 2026), built from audited fundamentals. The current price: 3,545 KRW.
What is the quality score of 900270?
Heng Sheng Holding Group Limited has a Quality Score of 59/100. 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 Heng Sheng Holding Group Limited (900270)?
Heng Sheng Holding Group Limited reported trailing-twelve-month revenue of about 113B KRW (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 900270?
The net profit margin of Heng Sheng Holding Group Limited is about -1.7%, 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.

Free · no account needed

Watch Heng Sheng Holding Group Limited in the live analysis

One click puts Heng Sheng Holding Group Limited 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.