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PAN HONG HOLDINGS GROUP LTD (P36) Fair Value & Analysis

Real Estate · SG · Market cap 19.5M SGD

PH PAN HONG HOLDINGS GROUP LTD P36 · SG
Price0.0330 SGD
Fair Value0.0399 SGD
Upside+20.9%
Quality34/100
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Weak Growth
Loss-making · -142.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 9/100
Evidence: Low Range 0.0302 SGD – 0.0519 SGD Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0393 SGD to 0.0399 SGD (+1.5%) since Aug 9, 2026. Share price −5.7% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • 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)

0.2384 SGD 0.0330 SGD Fair Value 0.0399 SGD Apr 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 0.0330 SGD – 0.2384 SGD · fair‑value band 0.0302 SGD – 0.0519 SGD · the 0.0330 SGD price screens below the 0.0399 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PAN HONG HOLDINGS GROUP LTD (P36) currently trades at 0.0330 SGD, while our model-based Fair Value estimate is 0.0399 SGD, implying the stock looks roughly 20.9% undervalued today. The Quality Score stands at 34/100 (below-average 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at 179M SGD. Revenue declined 83.8% year over year. It earns a return on equity of -28.1%. Net debt stands at 92.4M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0302 SGD (bear case) to 0.0519 SGD (bull case); at 0.0330 SGD, 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 about 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 21%, P36 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
NCAV (Graham) 0.7600 SGD 1.02 SGD 1.53 SGD 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.7600 SGD 1.02 SGD 1.53 SGD 50

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Key figures & financial health

Revenue (TTM) 179M SGD
Revenue growth (YoY) -83.8%
Net margin -142%
Return on equity -28.1%
Free cash flow −28.4M SGD FY2026
Operating margin -583%
More key figures
EPS (TTM) -0.0900 SGD
EPS growth (YoY) +67.0%
Net debt 92.4M SGD FY2026

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 15

Profitability 0
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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

Pan Hong Holdings Group Limited, an investment holding company, engages in the development of residential and commercial properties in the People's Republic of China. It also provides investment management, general trading, and property consultancy services. In addition, the company operates and manages hotels.

Full company description

Pan Hong Holdings Group Limited, an investment holding company, engages in the development of residential and commercial properties in the People's Republic of China. It also provides investment management, general trading, and property consultancy services. In addition, the company operates and manages hotels. The company was formerly known as Pan Hong Property Group Limited and changed its name to Pan Hong Holdings Group Limited in September 2015. Pan Hong Holdings Group Limited was founded in 1983 and is headquartered in Hung Hom, Hong Kong. Pan Hong Holdings Group Limited operates as a subsidiary of Extra Good Enterprises Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

PAN HONG HOLDINGS GROUP LTD reported revenue of 179M SGD in FY2026 versus 315M SGD in FY2022, a compound −13.1%/yr. Reported net income was −255M SGD in FY2026.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
179M SGD
Latest YoY
−44.0%
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.
−33.1%
Avg. growth/yr (12Y) 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.
−8.7%
Revenue −13.1%/yr
FY22 315M SGD
FY23 31.0M SGD
FY24 349M SGD
FY25 320M SGD
FY26 179M SGD
Net income
FY22 69.3M SGD
FY23 −6.3M SGD
FY24 31.1M SGD
FY25 18.7M SGD
FY26 −255M SGD

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Cite: Fair Value Calculator (2026). "PAN HONG HOLDINGS GROUP LTD Fair Value". https://www.fairvalue-calculator.com/stock/P36

Peer Group

Real Estate - Development · 590 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 36 · Bottom 25%
Fair Value upside +21% · Above median
Return on assets -9% · Bottom 25%
Net margin (TTM) -142% · Bottom 25%
Revenue growth -84% · Bottom 25%
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/S (TTM) 0.09× · Cheaper than 75% of peers
PEG 0.05× · 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.

VALUE 62 · sector 48
FUTURE 0 · sector 0
PAST 0 · sector 9
HEALTH 98 · sector 85
DIVIDEND 0 · sector 58

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 - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹661.75 ₹146.13 -78%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,488 IDR +150%
PT Sentul City Tbk, BKSL 73.00 IDR 84.16 IDR +15%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is PAN HONG HOLDINGS GROUP LTD (P36) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0399 SGD versus a price of 0.0330 SGD, about +21% (undervalued).
What is the fair value of P36?
Our model-based fair value for PAN HONG HOLDINGS GROUP LTD is 0.0399 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0330 SGD.
What is the quality score of P36?
PAN HONG HOLDINGS GROUP LTD has a Quality Score of 34/100. 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 PAN HONG HOLDINGS GROUP LTD (P36)?
PAN HONG HOLDINGS GROUP LTD reported trailing-twelve-month revenue of about 179M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of P36?
The net profit margin of PAN HONG HOLDINGS GROUP LTD is about -142.4%, 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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