Feiyang International Holdings Group (HKSE:01901) Scaled Net Operating Assets: 0.44 (As of Dec. 2025)

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HKSE:01901 Feiyang International Holdings Group Ltd HKSE:01901
48 GF Score
Price HK$0.20
GF Value HK$0.34
Valuation Possible Value Trap
! 6 Warning Signs
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What is Feiyang International Holdings Group Scaled Net Operating Assets?

Feiyang International Holdings Group HKSE:01901 -4.67% 48 Scaled Net Operating Assets is 0.44 as of Dec. 2025. GuruFocus rates HKSE:01901 with a GF Score™ of 48/100 and a GF Value™ of HK$0.34 (Possible Value Trap). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Feiyang International Holdings Group's operating assets for the quarter that ended in Dec. 2025 was HK$463.4 Mil. Feiyang International Holdings Group's operating liabilities for the quarter that ended in Dec. 2025 was HK$206.3 Mil. Feiyang International Holdings Group's Total Assets for the quarter that ended in Jun. 2025 was HK$579.0 Mil. Therefore, Feiyang International Holdings Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.44.


Feiyang International Holdings Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Feiyang International Holdings Group's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Feiyang International Holdings Group Scaled Net Operating Assets Chart

Feiyang International Holdings Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.74 0.59 0.38 0.59

Feiyang International Holdings Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.42 0.39 0.60 0.44

HKSE:01901 vs BKNG, ABNB, RCL: Scaled Net Operating Assets Comparison

For the Travel Services subindustry, Feiyang International Holdings Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Feiyang International Holdings Group Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Feiyang International Holdings Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Feiyang International Holdings Group's Scaled Net Operating Assets falls into.


HKSE:01901
48GF Score
Feiyang International Holdings Group Ltd HKSE:01901
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Feiyang International Holdings Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Feiyang International Holdings Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(463.359-206.296)/433.772
=0.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=505.071 - 41.712
=463.359

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=453.915 - 2.404 - 245.215
=206.296

Feiyang International Holdings Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(463.359-206.296)/578.998
=0.44

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=505.071 - 41.712
=463.359

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=453.915 - 2.404 - 245.215
=206.296

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.44 mean?
Feiyang International Holdings Group (HKSE:01901) has a Scaled Net Operating Assets of 0.44 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Feiyang International Holdings Group and its competitors.
Is Feiyang International Holdings Group's Scaled Net Operating Assets too high?
Feiyang International Holdings Group's current Scaled Net Operating Assets is 0.44. Overall, Feiyang International Holdings Group has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Feiyang International Holdings Group's Scaled Net Operating Assets compare to BKNG and ABNB?
Feiyang International Holdings Group's Scaled Net Operating Assets of 0.44 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Feiyang International Holdings Group and its competitors. Feiyang International Holdings Group's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feiyang International Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, Feiyang International Holdings Group (HKSE:01901) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.34, compared to a current price of HK$0.20 — trading 40% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Feiyang International Holdings Group's overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Feiyang International Holdings Group (HKSE:01901), the current Scaled Net Operating Assets is 0.44 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Feiyang International Holdings Group (HKSE:01901) Overvalued in 2026?

Based on GuruFocus' analysis, Feiyang International Holdings Group stock appears to be undervalued. The current stock price of HK$0.20 is trading 40% below its estimated GF Value™ of HK$0.34. GuruFocus considers Feiyang International Holdings Group to be Possible Value Trap.

Key valuation signals for HKSE:01901:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: HK$0.34 vs. price of HK$0.20 (40% below fair value)
  • GF Score™: 48/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Feiyang International Holdings Group Business Description

Address No. 2437, Zhongshan East Road, East Mansion, Wuyi Plaza, Zhejiang Province, Ningbo, CHN
Feiyang International Holdings Group Ltd is an investment holding company. The Group is a well-established travel service provider and offers diversified products that cater for different travellers needs. It is principally involved the design, development and sales of outbound, domestic and surrounding travel package tours; the design, development and sales of FIT products, which mainly include provision of air tickets and/or hotel accommodation; the provision of ancillary travel-related products and services, admission tickets to tourist attractions, conferencing services and arranging purchase of travel insurance for the customers; the sales of health products; and the provision of information system development products and services. It has presence in Mainland China, and Hong Kong.
48GF Score

Get the complete analysis for HKSE:01901

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.20
Price
HK$0.34
GF Value