Citic Pacific (0267) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Citic Pacific stock HK$24.92, price HK$11.81, upside +111.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range HK$4.79 – HK$13.66 · fair‑value band HK$18.97 – HK$24.92 · the HK$11.81 price screens below the HK$24.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
Follow Citic Pacific in your weekly email
Every Wednesday you see whether Citic Pacific is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
CITIC Limited operates in the financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization businesses in the Mainland of China, Hong Kong, and internationally.
Show moreShow less
The Comprehensive Financial Services segment provides banking, securities, trust, insurance, and asset management services. The Advanced Intelligent Manufacturing segment manufactures heavy machineries, specialized robotics, aluminium wheels, aluminium casting parts, and other products.
The Advanced Materials segment includes exploration, processing, and trading of resources and energy products comprising iron ore, copper, and crude oil, as well as manufactures special steels.
The New Consumption segment consists of motor, food and consumer products business, telecommunication services, publication services, modern agriculture services, and others.
The New-Type Urbanisation segment develops, holds, and sells properties; and provides contracting and design services, as well as infrastructure, environmental, and commercial aviation services.
It provides securities, trust, financial, and securities related services; and consumer finance, resources, energy conservation and environmental protection, and engineering contracting services, as well as real estate development and management; and insurance and reinsurance services.
The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014. CITIC Limited was incorporated in 1985 and is based in Central, Hong Kong. CITIC Limited operates as a subsidiary of CITIC Group Corporation.
Stock analysis
Citic Pacific (0267) currently trades at HK$11.81, while our model-based Fair Value estimate is HK$24.92, implying the stock looks roughly 52.6% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of HK$45.98 per share, and 8 of the 11 models we run sit above the HK$11.81 price.
Bear case: the Dividend Discount group reads lowest at HK$5.26, and 3 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$18.97 (bear) to HK$24.92 (bull), the price of HK$11.81 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 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Citic Pacific reported revenue of HK$834B in FY2025 versus HK$709B in FY2021, a compound +4.2%/yr. Reported net income was HK$63.7B in FY2025, compounding −2.4%/yr from FY2021.
Key figures
Market cap HK$344B (≈ $43.8B) Large · P/E ratio 5.2 · P/S ratio 0.40 · EPS (TTM) HK$0.3800 · Dividend yield 5.8% · Net margin 7.6% · Return on equity 8.4% · Return on assets (EBIT) 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at 111%, 0267 screens cheaper than that median.
Fair Value models
BearHK$18.97Fair Value HK$24.92BullHK$24.92
Price HK$11.81 · Upside +111.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 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.
+10.2%
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.
+10.9%
Revenue growth 27 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.
+16.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
Dividend (yield on the price)5.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.4% vs 3.1%, steady
Profit margin 1997 to 2025 ⓘ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.32% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +32.8% a year for the price and +3.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (19 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Conglomerates · 355 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)8.4% · Above median
Return on assets0.4% · Below median
Net margin (12 months)6.3% · Above median
Operating margin (12 months)32.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.7% · Below median
Dividend yield (12 months)5.8% · Top 25%
Balance sheet
Debt / equity2.03× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Citic Pacific Fair Value". https://www.fairvalue-calculator.com/stock/0267
Frequently asked questions
Is Citic Pacific (0267) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of HK$24.92 versus a price of HK$11.81, about +111% upside (undervalued).
What is the fair value of 0267?
Our model-based fair value for Citic Pacific is HK$24.92 (as of Oct 22, 2026), built from audited fundamentals. The current price: HK$11.81.
What is the quality score of 0267?
Citic Pacific has a Quality Score of 45/100. 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 Citic Pacific (0267)?
Our model-based price target is the fair value of HK$24.92 (as of Oct 22, 2026) from 12 valuation models. Cautious scenario HK$18.97, optimistic scenario HK$24.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Citic Pacific stock forecast for 2026?
Our models put fair value at HK$24.92, about +111% upside versus a price of HK$11.81 (undervalued). Cautious scenario HK$18.97, optimistic scenario HK$24.92. The calculation is refreshed regularly with new filings.
What is the revenue of Citic Pacific (0267)?
Citic Pacific reported trailing-twelve-month revenue of about HK$976B (latest available figure, as of Oct 22, 2026).
Does Citic Pacific pay a dividend?
Citic Pacific currently shows a dividend yield of 5.80% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Citic Pacific (0267)?
For today's price to be fair in a discounted-cash-flow model, Citic Pacific would have to grow free cash flow by +35.6 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of 0267 use?
Our models discount Citic Pacific at 9.4 %: a base by market capitalisation (large), damped by beta 0.83, country premium for Hong Kong. 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 Citic Pacific that is +35.6 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Citic Pacific (0267) delivered so far?
Over the past 5 years revenue at Citic Pacific grew +8.6 % a year. The price currently implies +35.6 % 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 Citic Pacific (0267) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Citic Pacific (+35.6 % 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 Citic Pacific (0267)?
The free-cash-flow yield on the price is 1.66 %: that much free cash flow Citic Pacific produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Citic Pacific (0267)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Citic Pacific it is HK$24.92 per share (as of Oct 22, 2026), against a price of HK$11.81. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Citic Pacific stock overvalued or undervalued in 2026?
As of Oct 22, 2026, 0267 trades below its calculated fair value: price HK$11.81, fair value HK$24.92, a gap of about +111% (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 0267?
No. The price is what the market pays today (HK$11.81); the fair value is what the company's own numbers justify (HK$24.92). For Citic Pacific the two are HK$13.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Citic Pacific worth?
The market values Citic Pacific at about HK$344B (market capitalisation, as of Oct 22, 2026). Per share that is HK$11.81; our models calculate a fair value of HK$24.92 per share.
What do the bullish and bearish scenarios say about 0267?
Our models span a range for Citic Pacific: cautious scenario HK$18.97, base HK$24.92, optimistic HK$24.92 per share (as of Oct 22, 2026, price HK$11.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0267?
Citic Pacific trades at a price-to-earnings ratio of 5.2 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$24.92 is built from several models across several years. Other multiples: PEG 1.8, P/B 0.4, P/S 0.4, EV/EBITDA 2.9.
What is the PEG ratio of 0267?
The PEG ratio of Citic Pacific is 1.76 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Citic Pacific (0267)?
Balance-sheet figures for Citic Pacific (as of Oct 22, 2026): return on equity 8.4%, debt of 2.03 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 0267 from its 52-week high?
Citic Pacific trades at HK$11.81, about 14% below its 52-week high of HK$13.66 and 13% above the low of HK$10.42 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of HK$24.92 is for.
Which stocks are comparable to Citic Pacific?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Citic Pacific stock attractive at the current price?
The data as of Oct 22, 2026: price HK$11.81, calculated fair value HK$24.92 (+111%), Quality Score 45/100, from 12 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 0267 calculated?
We run Citic Pacific through 12 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 HK$24.92, 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 13.6 % above its aggregate fair value. Citic Pacific currently trades 53 % 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 Citic Pacific (0267)?
The closing price on Oct 22, 2026 was HK$11.81. Our model-based fair value is HK$24.92, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Citic Pacific right now?
The price is below even our cautious bear case (HK$18.97). The market is more pessimistic than our downside scenario. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Citic Pacific (0267) come from?
Earnings per share at Citic Pacific grew +5.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.6 %, EBIT margin −7.2 %, tax rate +0.7 %, residual (interest, one-offs) +5.3 %. 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 Citic Pacific
How large is the market capitalisation of Citic Pacific (0267)?
The market capitalisation of Citic Pacific is HK$344B (≈ $43.8B). 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 Citic Pacific (0267)?
The price-to-sales ratio of Citic Pacific is 0.40 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Citic Pacific (0267)?
Earnings per share at Citic Pacific are HK$0.3800 (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Citic Pacific (0267)?
The dividend yield of Citic Pacific is 5.8% (payout 180%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Citic Pacific (0267)?
The net margin of Citic Pacific is 7.6% (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 Citic Pacific (0267)?
The return on equity (ROE) of Citic Pacific is 8.4% (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 Citic Pacific (0267)?
On an EBIT basis the return on assets of Citic Pacific is 1.3% (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 Citic Pacific (0267)?
The operating margin of Citic Pacific is 32.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Citic Pacific (0267)?
Revenue at Citic Pacific is growing +6.7% versus a year earlier (3y avg +2.7%). 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 Citic Pacific (0267)?
Earnings per share at Citic Pacific are growing +8.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Citic Pacific (0267) carry?
The net debt of Citic Pacific is HK$2.0T (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Citic Pacific in the live analysis
One click puts Citic Pacific on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Broad data
Oct 22, 2026