Kingboard Holdings (SEHK:148) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 148 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

148 (HK$18.98) is trading above our estimate of [[fair value]] (HK$0.23)

Share Price vs Fair Value

What is the Fair Price of 148 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 148 (HK$18.98) is trading above our estimate of fair value (HK$0.23)

Significantly Below Fair Value: 148 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 148?

Key metric: As 148 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 148. This is calculated by dividing 148's market cap by their current earnings.
What is 148's PE Ratio?
PE Ratio	9.6x
Earnings	HK$2.18b
Market Cap	HK$21.24b

148 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	5.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 148's PE Ratio compare to its peers?

The above table shows the PE ratio for 148 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.3x
1888 Kingboard Laminates Holdings	19.1x	33.7%	HK$23.2b
6088 FIT Hon Teng	17.4x	31.7%	HK$23.0b
1415 Cowell e Holdings	59.4x	35.0%	HK$20.6b
2382 Sunny Optical Technology (Group)	33.3x	20.8%	HK$62.3b
148 Kingboard Holdings	9.6x	n/a	HK$21.0b

Price-To-Earnings vs Peers: 148 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (32.3x).

Price to Earnings Ratio vs Industry

How does 148's PE Ratio compare vs other companies in the HK Electronic Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
76 Elate Holdings	0.6x	n/a	US$18.18m
1822 China Wood International Holding	0.06x	n/a	US$8.98m
911 Qianhai Health Holdings	0.7x	n/a	US$6.86m

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 148 is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the Hong Kong Electronic industry average (8.8x).

Price to Earnings Ratio vs Fair Ratio

What is 148's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

148 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 148's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 148 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	HK$18.98	HK$23.50 +23.8%	14.9%	HK$27.00	HK$20.00	n/a	2
Nov ’25	HK$18.84	HK$23.50 +24.7%	14.9%	HK$27.00	HK$20.00	n/a	2
Oct ’25	HK$19.70	HK$23.50 +19.3%	14.9%	HK$27.00	HK$20.00	n/a	2
Jun ’25	HK$18.98	HK$29.00 +52.8%	3.4%	HK$30.00	HK$28.00	n/a	2
May ’25	HK$17.28	HK$29.00 +67.8%	3.4%	HK$30.00	HK$28.00	n/a	2
Apr ’25	HK$15.96	HK$29.00 +81.7%	3.4%	HK$30.00	HK$28.00	n/a	2
Mar ’25	HK$15.08	HK$31.55 +109.2%	11.3%	HK$35.10	HK$28.00	n/a	2
Feb ’25	HK$14.16	HK$31.55 +122.8%	11.3%	HK$35.10	HK$28.00	n/a	2
Jan ’25	HK$18.68	HK$31.55 +68.9%	11.3%	HK$35.10	HK$28.00	n/a	2
Dec ’24	HK$18.82	HK$31.55 +67.6%	11.3%	HK$35.10	HK$28.00	n/a	2
Oct ’24	HK$17.58	HK$36.55 +107.9%	4.0%	HK$38.00	HK$35.10	HK$19.70	2
Sep ’24	HK$17.80	HK$36.55 +105.3%	4.0%	HK$38.00	HK$35.10	HK$15.90	2
Aug ’24	HK$21.80	HK$40.15 +84.2%	5.4%	HK$42.30	HK$38.00	HK$15.58	2
Jul ’24	HK$21.35	HK$40.15 +88.1%	5.4%	HK$42.30	HK$38.00	HK$18.38	2
Jun ’24	HK$20.75	HK$40.15 +93.5%	5.4%	HK$42.30	HK$38.00	HK$18.98	2
May ’24	HK$23.95	HK$40.15 +67.6%	5.4%	HK$42.30	HK$38.00	HK$17.28	2
Apr ’24	HK$24.10	HK$40.15 +66.6%	5.4%	HK$42.30	HK$38.00	HK$15.96	2
Mar ’24	HK$29.80	HK$41.25 +38.4%	7.9%	HK$44.50	HK$38.00	HK$15.08	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Kingboard Holdings Valuation