Kingboard Laminates Holdings (1888) Fair Value & Analysis
Technology · HK · Market cap HK$264B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from HK$3.14 to HK$8.95 (+185.0%) since Aug 5, 2026. Share price −33.8% over the past month.
A solid business, but screening 77% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$12.59). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (HK$5.27 to HK$12.59) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 HK$4.35 – HK$104.20 · fair‑value band HK$5.27 – HK$12.59 · the HK$38.58 price screens above the HK$8.95 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Kingboard Laminates Holdings (1888) currently trades at HK$38.58, while our model-based Fair Value estimate is HK$8.95, implying the stock looks roughly 76.8% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Kingboard Laminates Holdings generated revenue of HK$20.4B at a net margin of 12.0%. Revenue grew 9.2% year over year. It earns a return on equity of 15.4%. Net debt stands at HK$3.0B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$5.27 (bear case) to HK$12.59 (bull case); at HK$38.58, the current price sits above 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 64% below its 52-week high and 322% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -77%, 1888 screens richer 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.
All 16 models by family
Widest divergence: Growth Earnings (HK$17.85) versus Asset-Based (HK$3.47). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 53
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
Kingboard Laminates Holdings Limited, an investment holding company, engages in the manufacture and sale of laminates in the People's Republic of China, Europe, other Asian countries, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy and paper laminates.
Full company description
Kingboard Laminates Holdings Limited, an investment holding company, engages in the manufacture and sale of laminates in the People's Republic of China, Europe, other Asian countries, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy and paper laminates. It also provides upstream component materials, such as copper foils, glass yarns, glass fabrics, bleached kraft papers, epoxy resins, kraft papers for copper-clad laminates, and PVB. In addition, it sells and rents properties; trades in copper; and provides hotel accommodation services. Further, the company manufactures and distributes chemicals; electronic special materials; and specialty resins. Its investment property portfolio comprises commercial, residential, and industrial properties. The company was founded in 1988 and is headquartered in Sha Tin, Hong Kong. Kingboard Laminates Holdings Limited operates as a subsidiary of Jamplan (BVI) Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kingboard Laminates Holdings reported revenue of HK$20.4B in FY2025 versus HK$28.8B in FY2021, a compound −8.3%/yr. Reported net income was HK$2.4B in FY2025, compounding −22.5%/yr from FY2021.
of which total revenue +3.3 pp · buybacks/dilution −0.5 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
1888 screens 77% overvalued. Compare with Delta Electronics, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Kingboard Laminates Holdings (SEHK:1888) Slides Sharply, Is The Valuation Still Too Rich?
- Chinese Investors Double Stake as Kingboard Shares Surge 570% in AI Rally
Peer Group
Electronic Components · 647 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.
Valuation Multiples vs Electronic Components median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Electronics, Inc 2308 | 1,790 TWD | 602.37 TWD | -66% |
| Luxshare Precision Industry Co 002475 | ¥56.06 | ¥38.44 | -31% |
| Samsung Electro-Mechanics Co 009150 | 1,503,000 KRW | 172,954 KRW | -88% |
| Suzhou Dongshan Precision Manufacturing Co 002384 | ¥202.11 | ¥21.19 | -90% |
| Shengyi Technology Co 600183 | ¥143.23 | ¥36.30 | -75% |
| Shennan Circuits Co 002916 | ¥385.80 | ¥125.52 | -67% |
| Victory Giant Technology (HuiZhou) Co 2476 | HK$238.60 | HK$75.68 | -68% |
| Asia Vital Components Co 3017 | 2,910 TWD | 1,369 TWD | -53% |
| Nan Ya Printed Circuit Board Corporation 8046 | 1,215 TWD | 1,768 TWD | +46% |
| Zhen Ding Technology Holding 4958 | 477.50 TWD | 136.13 TWD | -71% |
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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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