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Sundy Service Co Ltd (9608) Fair Value & Analysis

Real Estate · HK · Market cap HK$165M

SS Sundy Service Co Ltd 9608 · HK
PriceHK$0.0510
Fair ValueHK$0.0874
Upside+71.4%
Quality57/100
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Weak Growth
Thin margins · 7.5% net margin
generates free cash flow
Ranks above peers (7/11)
Narrow moat 39/100
Evidence: High Range HK$0.0718 – HK$0.1030 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0685 to HK$0.0874 (+27.7%) since Aug 6, 2026. Share price +15.9% over the past month.

A solid business, screening 71% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.0718). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$0.5300 HK$0.0400 Fair Value HK$0.0874 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$0.0400 – HK$0.5300 · fair‑value band HK$0.0718 – HK$0.1030 · the HK$0.0510 price screens below the HK$0.0874 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sundy Service Co Ltd (9608) currently trades at HK$0.0510, while our model-based Fair Value estimate is HK$0.0874, implying the stock looks roughly 71.4% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate 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: high), always confirm before acting.

Over the trailing twelve months, Sundy Service Co Ltd generated revenue of HK$231M at a net margin of 7.5%. Revenue declined 11.5% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of HK$158M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0718 (bear case) to HK$0.1030 (bull case); at HK$0.0510, 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 61% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 71%, 9608 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$0.0500 HK$0.0500 HK$0.0600 72
Rev-Margin DCF HK$0.0800 HK$0.1000 HK$0.1300 67
Residual Income HK$0.0700 HK$0.0700 HK$0.0500 61
All 14 models by family
DCF Models
FCF DCF HK$0.0500 HK$0.0500 HK$0.0600 38
5Y Revenue Exit HK$0.0800 HK$0.1000 HK$0.1300 39
5Y EBITDA Exit HK$0.1000 HK$0.1400 HK$0.1900 41
10Y Revenue Exit HK$0.0600 HK$0.0800 HK$0.0900 36
10Y EBITDA Exit HK$0.0800 HK$0.1000 HK$0.1200 37
Multiples
P/S Multiple HK$0.0600 HK$0.0800 HK$0.1000 58
P/B Multiple HK$0.0600 HK$0.0800 HK$0.1000 55
EV/EBIT HK$0.1600 HK$0.1900 HK$0.2300 53
EV/EBITDA HK$0.1600 HK$0.2000 HK$0.2400 54
EV/Revenue HK$0.1000 HK$0.1300 HK$0.1600 43
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1000 50
Growth DCF
Growth DCF HK$0.0500 HK$0.0500 HK$0.0600 72
Rev-Margin DCF HK$0.0800 HK$0.1000 HK$0.1300 67
Economic Profit
Residual Income HK$0.0700 HK$0.0700 HK$0.0500 61

Widest divergence: Multiples (HK$0.1300) versus Growth DCF (HK$0.0500). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) HK$231M
Revenue growth (YoY) -11.5%
Net margin 7.5%
Return on equity 4.3%
Free cash flow HK$5.2M FY2025
P/E ratio 4.3 as of Jul 3, 2026
More key figures
Operating margin 15.5%
EPS growth (YoY) +98.8%
Net cash HK$158M FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 31

Profitability 29
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 98
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 48
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

Sundy Service Group Co. Ltd, an investment holding company, operates as an integrated property management service provider in the People's Republic of China.

Full company description

Sundy Service Group Co. Ltd, an investment holding company, operates as an integrated property management service provider in the People's Republic of China. The company offers property management services, including security, cleaning, gardening, repair, and maintenance of common areas and common facilities and ancillary services; value-added services to non-property owners comprising consulting services, sales assistance services, and pre-delivery services; and community value-added services to property owners and residents, which include property repair and maintenance, waste cleaning, utility fee collection, remodeling and decoration and community space services. It also engages in hotel and long-term rental apartment businesses. In addition, the company provides remodeling and decoration services; hotel management; and information engineering technology services, as well as acts as property agents. The company was formerly known as SUNDY HUIDU LIMITED and changed its name to Sundy Service Group Co. Ltd in September 2017. The company was founded in 1995 and is headquartered in Hangzhou, the People's Republic of China. Sundy Service Group Co. Ltd operates as a subsidiary of CMB Wing Lung (Trustee) Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sundy Service Co Ltd reported revenue of HK$231M in FY2025 versus HK$316M in FY2021, a compound −7.5%/yr. Reported net income was HK$17.3M in FY2025, compounding −25.0%/yr from FY2021.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$231M
Latest YoY
−6.5%
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.
−4.8%
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.
−2.1%
Avg. growth/yr (8Y) 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.
+13.5%
Revenue −7.5%/yr
FY21 HK$316M
FY22 HK$269M
FY23 HK$262M
FY24 HK$248M
FY25 HK$231M
Net income −25.0%/yr
FY21 HK$54.6M
FY22 HK$32.9M
FY23 HK$9.4M
FY24 HK$2.9M
FY25 HK$17.3M

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Cite: Fair Value Calculator (2026). "Sundy Service Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/9608

Peer Group

Real Estate Services · 529 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 58 · Above median
Fair Value upside +77% · Top 25%
Return on equity (TTM) 4% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 15% · Below median
Revenue growth -12% · Bottom 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 4.3× · Cheaper than 75% of peers
P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 4.1× · Pricier 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 34
FUTURE 0 · sector 10
PAST 17 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 59

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

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is Sundy Service Co Ltd (9608) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0874 versus a price of HK$0.0510, about +71% (undervalued).
What is the fair value of 9608?
Our model-based fair value for Sundy Service Co Ltd is HK$0.0874 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0510.
What is the quality score of 9608?
Sundy Service Co Ltd has a Quality Score of 57/100. 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 Sundy Service Co Ltd (9608)?
Sundy Service Co Ltd reported trailing-twelve-month revenue of about HK$231M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 9608?
The net profit margin of Sundy Service Co Ltd is about 7.5%, meaning it keeps roughly 7.5% 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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