Onewo Inc (2602) Fair Value & Analysis
Real Estate · HK · Market cap HK$18.1B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated today
Share price +0.1% over the past month.
A solid business, screening 37% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$20.49). The market is more pessimistic than our downside scenario.
- Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (4 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
46‑month range HK$13.71 – HK$44.37 · fair‑value band HK$20.49 – HK$29.33 · the HK$18.15 price screens below the HK$24.91 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Onewo Inc (2602) currently trades at HK$18.15, while our model-based Fair Value estimate is HK$24.91, implying the stock looks roughly 37.3% undervalued today. The Quality Score stands at 63/100 (solid 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: high), always confirm before acting.
Over the trailing twelve months, Onewo Inc generated revenue of HK$37.3B at a net margin of 1.9%. Revenue grew 2.4% year over year. It earns a return on equity of 4.7%. The balance sheet holds a net cash position of HK$11.7B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$20.49 (bear case) to HK$29.33 (bull case); at HK$18.15, the current price sits below 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 30% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 37%, 2602 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.
All 16 models by family
Widest divergence: DCF Models (HK$41.19) versus Asset-Based (HK$8.49). Highest evidence: Growth DCF (80).
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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 66 · Market factors (momentum, volatility) 34
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
Onewo Inc. provides property management services in the People's Republic of China. It offers residential property services, including cleaning, security, gardening, and repair and maintenance services to property owners, property owners' associations, or residents for residential properties, as well as home-related asset services comprising home sale and …
Full company description
Onewo Inc. provides property management services in the People's Republic of China. It offers residential property services, including cleaning, security, gardening, and repair and maintenance services to property owners, property owners' associations, or residents for residential properties, as well as home-related asset services comprising home sale and rental brokerage, and home redecoration and furnishing services. The company also provides commercial and urban space integrated services that include property and facility management, value-added services for developers, and urban space integrated services, as well as smart property solutions, such as equipment, design, integration and construction, and remote operation services. In addition, it offers smart space solutions, including smart community, city and construction sites; enterprise services, including electromechanical engineering and enterprise outsourcing services; supply chain services comprising supplier settlement and intensive procurement; and IT, public facility management, and industrial investment services. The company was founded in 1990 and is headquartered in Shenzhen, the People's Republic of China. Onewo Inc. operates as a subsidiary of China Vanke Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Onewo Inc reported revenue of HK$37.3B in FY2025 versus HK$23.7B in FY2021, a compound +12.0%/yr. Reported net income was HK$695M in FY2025, compounding −19.7%/yr from FY2021.
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Peer Group
Real Estate Services · 529 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 Real Estate Services 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.
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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Plaza S.A MALLPLAZA | 3,989 CLP | 4,571 CLP | +15% |
| PT Solusi Tunas Pratama Tbk SUPR | 43,850 IDR | 15,049 IDR | -66% |
| Cencosud Shopping S.A CENCOMALLS | 2,412 CLP | 2,976 CLP | +23% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 392.00 IDR | 1,012 IDR | +158% |
| PT Metropolitan Kentjana Tbk MKPI | 22,000 IDR | 19,160 IDR | -13% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,610 IDR | 3,464 IDR | -4% |
| IRSA Inversiones y Representaciones Sociedad Anónima, IRSA | 2,495 ARS | 2,990 ARS | +20% |
| PT Plaza Indonesia Realty Tbk PLIN | 2,510 IDR | 2,698 IDR | +7% |
| PT MNC Tourism Indonesia Tbk, KPIG | 74.00 IDR | 122.12 IDR | +65% |
| PT Indonesian Paradise Property Tbk INPP | 770.00 IDR | 291.52 IDR | -62% |
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Frequently asked questions
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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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