White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
Founder Holdings Limited, an investment holding company, engages in the sale of software, hardware and system integration in Mainland China, Hong Kong, and internationally. The company is also involved in the property holding business. Founder Holdings Limited was incorporated in 1999 and is headquartered in Tsuen Wan, Hong Kong.
Founder Holdings (FHGDF) currently trades at $0.0800, while our model-based Fair Value estimate is $0.0880, implying the stock looks roughly 9.1% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $0.1200 per share, and 16 of the 22 models we run sit above the $0.0800 price.
Bear case: the Earnings-Based group reads lowest at $0.0300, and 6 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.0880 (bear) to $0.1040 (bull), the price of $0.0800 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Founder Holdings reported revenue of HK$907M in FY2025 versus HK$1.1B in FY2021, a compound −4.1%/yr. Reported net income was HK$29.8M in FY2025, compounding −9.0%/yr from FY2021.
Key figures
Market cap $92.9M · P/S ratio 0.09 · Net margin 3.3% · Return on equity 2.7% · Return on assets (EBIT) 2.9% · Operating margin 6.8% · Revenue (TTM) HK$907M · Revenue growth (YoY) +4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 10%, FHGDF screens cheaper than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
$0.1200
$0.1200
$0.1300
82
Growth DCF
$0.1200
$0.1200
$0.1300
80
Owner Earnings
$0.1200
$0.1300
$0.1400
78
All 22 models by family
DCF Models
FCF DCF
$0.1200
$0.1200
$0.1300
82
Owner Earnings
$0.1200
$0.1300
$0.1400
78
5Y Revenue Exit
$0.1100
$0.1100
$0.1100
74
5Y EBITDA Exit
$0.1200
$0.1300
$0.1400
77
5Y P/E Exit
$0.1300
$0.1600
$0.1900
72
10Y Revenue Exit
$0.1100
$0.1100
$0.1200
68
10Y EBITDA Exit
$0.1200
$0.1200
$0.1300
70
10Y P/E Exit
$0.1300
$0.1400
$0.1500
65
Earnings-Based
Graham-Dodd
$0.0200
$0.0300
$0.0300
67
EPV
$0.0900
$0.0900
$0.0900
74
Multiples
P/E Multiple
$0.0700
$0.0900
$0.1200
63
P/S Multiple
$0.0400
$0.0600
$0.0700
58
P/B Multiple
$0.0400
$0.0600
$0.0700
55
EV/EBIT
$0.1000
$0.1100
$0.1100
66
EV/EBITDA
$0.1200
$0.1300
$0.1400
67
EV/Revenue
$0.1000
$0.1000
$0.1000
54
Asset-Based
NCAV (Graham)
$0.0600
$0.0800
$0.1200
54
Growth DCF
Growth DCF
$0.1200
$0.1200
$0.1300
80
Rev-Margin DCF
$0.1100
$0.1100
$0.1100
74
Economic Profit
Residual Income
$0.0800
$0.0800
$0.0800
71
ROIC Compounder
$0.0900
$0.0900
$0.0900
72
Growth Earnings
Growth-Adj P/E
$0.0500
$0.0700
$0.0900
68
Open the full fair value analysis →
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
10 more Software - Application stocks, each showing price versus our Fair Value estimate.
Pick a strategy and jump into the live analysis with that exact screen applied.
Is Founder Holdings (FHGDF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0880 versus a price of $0.0800, about +10% upside (undervalued).
What is the fair value of FHGDF?
Our model-based fair value for Founder Holdings is $0.0880 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.0800.
What is the quality score of FHGDF?
Founder Holdings has a Quality Score of 63/100. 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 price target for Founder Holdings (FHGDF)?
Our model-based price target is the fair value of $0.0880 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario $0.0880, optimistic scenario $0.1040. It is a calculation from audited fundamentals, not an analyst target.
What is the Founder Holdings stock forecast for 2026?
Our models put fair value at $0.0880, about +10% upside versus a price of $0.0800 (undervalued). Cautious scenario $0.0880, optimistic scenario $0.1040. The calculation is refreshed regularly with new filings.
What is the revenue of Founder Holdings (FHGDF)?
Founder Holdings reported trailing-twelve-month revenue of about HK$907M (latest available figure, as of Sep 24, 2026).
What growth is priced into Founder Holdings (FHGDF)?
For today's price to be fair in a discounted-cash-flow model, Founder Holdings would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FHGDF use?
Our models discount Founder Holdings at 11.2 %: a base by market capitalisation (micro), damped by beta 0.23, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Founder Holdings that is less than minus 40 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Founder Holdings (FHGDF) delivered so far?
Over the past 5 years revenue at Founder Holdings grew -0.6 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Founder Holdings (FHGDF) growing?
The median revenue growth in the sector is +10.0 % a year. That is the yardstick for the growth priced into Founder Holdings (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Founder Holdings (FHGDF)?
The free-cash-flow yield on the price is 4.38 %: that much free cash flow Founder Holdings produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Founder Holdings (FHGDF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Founder Holdings it is $0.0880 per share (as of Sep 24, 2026), against a price of $0.0800. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Founder Holdings stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FHGDF trades below its calculated fair value: price $0.0800, fair value $0.0880, a gap of about +10% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FHGDF?
No. The price is what the market pays today ($0.0800); the fair value is what the company's own numbers justify ($0.0880). For Founder Holdings the two are $0.0080 per share apart. That gap is exactly why we show both numbers side by side.
How much is Founder Holdings worth?
The market values Founder Holdings at about $92.9M (market capitalisation, as of Sep 24, 2026). Per share that is $0.0800; our models calculate a fair value of $0.0880 per share.
What do the bullish and bearish scenarios say about FHGDF?
Our models span a range for Founder Holdings: cautious scenario $0.0880, base $0.0880, optimistic $0.1040 per share (as of Sep 24, 2026, price $0.0800). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is FHGDF from its 52-week high?
Founder Holdings trades at $0.0800, about 33% below its 52-week high of $0.1200 and 33% above the low of $0.0600 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0880 is for.
Which stocks are comparable to Founder Holdings?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Founder Holdings stock attractive at the current price?
The data as of Sep 24, 2026: price $0.0800, calculated fair value $0.0880 (+10%), Quality Score 63/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FHGDF calculated?
We run Founder Holdings through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0880, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Founder Holdings currently trades 9 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on
is it worth investing now.
What is the share price of Founder Holdings (FHGDF)?
The closing price on Oct 2, 2026 was $0.0800. Our model-based fair value is $0.0880, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Founder Holdings right now?
The price is below even our cautious bear case ($0.0880). The market is more pessimistic than our downside scenario. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Founder Holdings (FHGDF) come from?
Earnings per share at Founder Holdings grew +11.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.0 %, EBIT margin −5.6 %, tax rate +4.6 %, residual (interest, one-offs) +13.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Founder Holdings
How large is the market capitalisation of Founder Holdings (FHGDF)?
The market capitalisation of Founder Holdings is $92.9M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Founder Holdings (FHGDF)?
The price-to-sales ratio of Founder Holdings is 0.09 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Founder Holdings (FHGDF)?
The net margin of Founder Holdings is 3.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Founder Holdings (FHGDF)?
The return on equity (ROE) of Founder Holdings is 2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Founder Holdings (FHGDF)?
On an EBIT basis the return on assets of Founder Holdings is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Founder Holdings (FHGDF)?
The operating margin of Founder Holdings is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Founder Holdings (FHGDF)?
Revenue at Founder Holdings is growing +4.3% versus a year earlier (3y avg −1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Founder Holdings (FHGDF)?
Earnings per share at Founder Holdings are growing −6.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Founder Holdings (FHGDF) hold?
Founder Holdings holds more cash than debt, HK$819M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.