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PAN HONG HOLDINGS GROUP LTD (P36) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of PAN HONG HOLDINGS GROUP LTD S$0.08, price S$0.03, upside +122.4%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Real Estate · SG · ISIN BMG6900A1163

PH Thin data Sep 29, 2026

PAN HONG HOLDINGS GROUP LTD

P36 · SG

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 0.0756 SGD · Strongly undervalued (+122.4%)
!Quality 34/100
!Weak Growth (revenue 5y −33.1 %/yr)
!Loss-making · -142.4% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (4/9)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain
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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 →

Price vs Fair Value

0.2337 SGD 0.0320 SGD Fair Value 0.0756 SGD Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.

How to read this chart

60‑month range 0.0320 SGD – 0.2337 SGD · fair‑value band 0.0579 SGD – 0.0869 SGD · the 0.0340 SGD price screens below the 0.0756 SGD fair value. Dashed = 300-day average. As of Sep 29, 2026.

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Company profile

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.

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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.

Stock analysis

PAN HONG HOLDINGS GROUP LTD (P36) currently trades at 0.0340 SGD, while our model-based Fair Value estimate is 0.0756 SGD, implying the stock looks roughly 55.0% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the evidence level at low.

Scenario range: 0.0579 SGD (bear) to 0.0869 SGD (bull), the price of 0.0340 SGD 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 34/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

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

Key figures

Market cap 23.1M SGD (≈ $18.0M) · P/S ratio 0.11 · EPS (TTM) −0.0900 SGD · Net margin −142% · Return on equity −28.1% · Return on assets (EBIT) −1.8% · Operating margin −583% · Revenue (TTM) 179M CNY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 51% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at 122%, P36 screens cheaper than that median.

Fair Value models

Bear 0.0579 SGD Fair Value 0.0756 SGD Bull 0.0869 SGD
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
NCAV (Graham) 0.1500 SGD 0.1900 SGD 0.2900 SGD 54
All 1 models by family
Asset-Based
NCAV (Graham) 0.1500 SGD 0.1900 SGD 0.2900 SGD 54

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Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 18

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 5
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−44.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−33.1%
Start year 2021 (pandemic). Over 10 years: −11.5% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.7%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
30.3% (2021) → −141.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Peer Groupⓘ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.Real Estate - Development · 566 stocks

Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside +122.4% · Top 25%
Profitability
Return on assets −9.4% · Bottom 25%
Net margin (TTM) −142.4% · Bottom 25%
Growth and dividend
Revenue growth −83.8% · Bottom 25%
Balance sheet
Debt / equity 0.03× · Lowest 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/S (TTM) 0.10× · Cheapest 25%
PEG 0.05× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 71
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 12
HEALTH (low debt)98 · sector 83
DIVIDEND (yield)0 · sector 58

Context: sector, industry, market

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$107.10 HK$155.14 +45%
China Resources Land Limited 1109 HK$28.64 HK$71.60 +150%
CK Asset Holdings 1113 HK$46.00 HK$71.49 +55%
Hongkong Land Holdings H78 $8.57 $1.52 −82%
DLF Limited DLF ₹683.00 ₹167.48 −75%
China Overseas Land & Investment Limited 0688 HK$12.42 HK$22.33 +80%
Lodha Developers Limited LODHA ₹1,165 ₹274.14 −76%
Poly Developments and Holdings 600048 ¥5.56 ¥5.87 +6%
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.18 ¥6.04 −16%
The Wharf (Holdings) Limited 0004 HK$19.39 HK$8.31 −57%

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PAN HONG HOLDINGS GROUP LTD · Fair Value
0.0756 SGD +55%Fair Value
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Cite: Fair Value Calculator (2026). "PAN HONG HOLDINGS GROUP LTD Fair Value". https://www.fairvalue-calculator.com/stock/P36

Frequently asked questions

Is PAN HONG HOLDINGS GROUP LTD (P36) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of 0.0756 SGD versus a price of 0.0340 SGD, about +122% upside (undervalued).
What is the fair value of P36?
Our model-based fair value for PAN HONG HOLDINGS GROUP LTD is 0.0756 SGD (as of Sep 29, 2026), built from audited fundamentals. The current price: 0.0340 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 price target for PAN HONG HOLDINGS GROUP LTD (P36)?
Our model-based price target is the fair value of 0.0756 SGD (as of Sep 29, 2026) from 1 valuation models. Cautious scenario 0.0579 SGD, optimistic scenario 0.0869 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the PAN HONG HOLDINGS GROUP LTD stock forecast for 2026?
Our models put fair value at 0.0756 SGD, about +122% upside versus a price of 0.0340 SGD (undervalued). Cautious scenario 0.0579 SGD, optimistic scenario 0.0869 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of PAN HONG HOLDINGS GROUP LTD (P36)?
PAN HONG HOLDINGS GROUP LTD reported trailing-twelve-month revenue of about 179M CNY (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of PAN HONG HOLDINGS GROUP LTD (P36)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PAN HONG HOLDINGS GROUP LTD it is 0.0756 SGD per share (as of Sep 29, 2026), against a price of 0.0340 SGD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is PAN HONG HOLDINGS GROUP LTD stock overvalued or undervalued in 2026?
As of Sep 29, 2026, P36 trades below its calculated fair value: price 0.0340 SGD, fair value 0.0756 SGD, a gap of about +122% (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 P36?
No. The price is what the market pays today (0.0340 SGD); the fair value is what the company's own numbers justify (0.0756 SGD). For PAN HONG HOLDINGS GROUP LTD the two are 0.0416 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is PAN HONG HOLDINGS GROUP LTD worth?
The market values PAN HONG HOLDINGS GROUP LTD at about 23.1M SGD (market capitalisation, as of Sep 29, 2026). Per share that is 0.0340 SGD; our models calculate a fair value of 0.0756 SGD per share.
What do the bullish and bearish scenarios say about P36?
Our models span a range for PAN HONG HOLDINGS GROUP LTD: cautious scenario 0.0579 SGD, base 0.0756 SGD, optimistic 0.0869 SGD per share (as of Sep 29, 2026, price 0.0340 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of P36?
The PEG ratio of PAN HONG HOLDINGS GROUP LTD is 0.05 (P/E divided by earnings growth, as of Sep 29, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of PAN HONG HOLDINGS GROUP LTD (P36)?
Balance-sheet figures for PAN HONG HOLDINGS GROUP LTD (as of Sep 29, 2026): return on equity −28.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is P36 from its 52-week high?
PAN HONG HOLDINGS GROUP LTD trades at 0.0340 SGD, about 51% below its 52-week high of 0.0700 SGD and 6% above the low of 0.0320 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0756 SGD is for.
Which stocks are comparable to PAN HONG HOLDINGS GROUP LTD?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, Hongkong Land Holdings, 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 PAN HONG HOLDINGS GROUP LTD stock attractive at the current price?
The data as of Sep 29, 2026: price 0.0340 SGD, calculated fair value 0.0756 SGD (+122%), Quality Score 34/100, from 1 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 P36 calculated?
We run PAN HONG HOLDINGS GROUP LTD through 1 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 0.0756 SGD, 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. PAN HONG HOLDINGS GROUP LTD currently trades 55 % 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 PAN HONG HOLDINGS GROUP LTD (P36)?
The closing price on Oct 1, 2026 was 0.0340 SGD. Our model-based fair value is 0.0756 SGD, about +122% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PAN HONG HOLDINGS GROUP LTD right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.0579 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of PAN HONG HOLDINGS GROUP LTD

How large is the market capitalisation of PAN HONG HOLDINGS GROUP LTD (P36)?
The market capitalisation of PAN HONG HOLDINGS GROUP LTD is 23.1M SGD (≈ $18.0M). 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 PAN HONG HOLDINGS GROUP LTD (P36)?
The price-to-sales ratio of PAN HONG HOLDINGS GROUP LTD is 0.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PAN HONG HOLDINGS GROUP LTD (P36)?
Earnings per share at PAN HONG HOLDINGS GROUP LTD are −0.0900 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PAN HONG HOLDINGS GROUP LTD (P36)?
The net margin of PAN HONG HOLDINGS GROUP LTD is −142% (fiscal year 2026). 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 PAN HONG HOLDINGS GROUP LTD (P36)?
The return on equity (ROE) of PAN HONG HOLDINGS GROUP LTD is −28.1% (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 PAN HONG HOLDINGS GROUP LTD (P36)?
On an EBIT basis the return on assets of PAN HONG HOLDINGS GROUP LTD is −1.8% (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 PAN HONG HOLDINGS GROUP LTD (P36)?
The operating margin of PAN HONG HOLDINGS GROUP LTD is −583% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PAN HONG HOLDINGS GROUP LTD (P36)?
Revenue at PAN HONG HOLDINGS GROUP LTD is growing −83.8% versus a year earlier (3y avg +79.4%). 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 PAN HONG HOLDINGS GROUP LTD (P36)?
Earnings per share at PAN HONG HOLDINGS GROUP LTD are growing +67.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PAN HONG HOLDINGS GROUP LTD (P36) generate?
The free cash flow of PAN HONG HOLDINGS GROUP LTD is −28.4M CNY (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PAN HONG HOLDINGS GROUP LTD (P36) carry?
The net debt of PAN HONG HOLDINGS GROUP LTD is 92.4M CNY (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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