Plover Bay Technologies Ltd (1523) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Plover Bay Technologies Ltd stock HK$9.29, price HK$6.82, upside +36.3%, quality 86 out of 100. Rating: 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. As of Nov 11, 2026.
How to read this chart
60‑month range HK$1.40 – HK$9.80 · fair‑value band HK$5.29 – HK$12.08 · the HK$6.82 price screens below the HK$9.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Plover Bay Technologies Limited, an investment holding company, designs, develops, and markets software defined wide area network routers and related products.
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It engages in the sale of wired SD-WAN routers, wireless SD-WAN routers, and networking peripherals; and provides software licenses, and warranty and support services. The company also offers human resource and intellectual property holding services.
It operates in North America, Europe, the Middle East, Africa, Asia, and internationally. The company was founded in 2006 and is headquartered in Lai Chi Kok, Hong Kong.
Stock analysis
Plover Bay Technologies Ltd (1523) currently trades at HK$6.82, while our model-based Fair Value estimate is HK$9.29, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$9.29 per share, and 17 of the 26 models we run sit above the HK$6.82 price.
Bear case: the Economic Profit group reads lowest at HK$2.52, and 9 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$5.29 (bear) to HK$12.08 (bull), the price of HK$6.82 sits inside 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 86/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Plover Bay Technologies Ltd reported revenue of $130M in FY2025 versus $74.1M in FY2021, a compound +15.1%/yr. Reported net income was $45.5M in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap HK$7.7B (≈ $986M) Small · P/E ratio 21.0 · P/S ratio 7.34 · Dividend yield 4.7% · Net margin 34.9% · Return on equity 95.9% · Return on assets (EBIT) 37.5% (5-year average) · Operating margin 43.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 91 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −50% fair-value upside, at 36%, 1523 screens cheaper than that median.
Fair Value models
BearHK$5.29Fair Value HK$9.29BullHK$12.08
Price HK$6.82 · Upside +36.3%
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.4%
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.
+14.5%
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.
+19.8%
Start year 2020 (pandemic). Over 10 years: +19.5% a year
Revenue growth 12 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.
+20.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+29.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.4%
Dividend (yield on the price)4.7%
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.25.3% vs 29.9%, slowing
Profit margin 2020 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.29% → 40%
2025 sits 61% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
+7.9%
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.
+13.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +5.3% a year for the price and +10.6% for the forecasts.
Compare Plover Bay Technologies Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Communication Equipment · 324 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score86 · Top 25%
Fair Value upside+36.3% · Top 25%
Profitability
Return on equity (12 months)95.9% · Top 25%
Return on assets38.5% · Top 25%
Net margin (12 months)36.3% · Top 25%
Operating margin (12 months)43.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)18.5% · Above median
Dividend yield (12 months)4.7% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)21.0× · Cheaper than median
P/B16.73× · Priciest 25%
P/S (12 months)6.95× · Priciest 25%
Price / free cash flow (fiscal year)18.6× · Cheaper than median
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). "Plover Bay Technologies Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1523
Frequently asked questions
Is Plover Bay Technologies Ltd (1523) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of HK$9.29 versus a price of HK$6.82, about +36% upside (undervalued).
What is the fair value of 1523?
Our model-based fair value for Plover Bay Technologies Ltd is HK$9.29 (as of Nov 11, 2026), built from audited fundamentals. The current price: HK$6.82.
What is the quality score of 1523?
Plover Bay Technologies Ltd has a Quality Score of 86/100. 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 Plover Bay Technologies Ltd (1523)?
Our model-based price target is the fair value of HK$9.29 (as of Nov 11, 2026) from 26 valuation models. Cautious scenario HK$5.29, optimistic scenario HK$12.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Plover Bay Technologies Ltd stock forecast for 2026?
Our models put fair value at HK$9.29, about +36% upside versus a price of HK$6.82 (undervalued). Cautious scenario HK$5.29, optimistic scenario HK$12.08. The calculation is refreshed regularly with new filings.
What is the revenue of Plover Bay Technologies Ltd (1523)?
Plover Bay Technologies Ltd reported trailing-twelve-month revenue of about $142M (latest available figure, as of Nov 11, 2026).
Does Plover Bay Technologies Ltd pay a dividend?
Plover Bay Technologies Ltd currently shows a dividend yield of 4.72% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Plover Bay Technologies Ltd (1523) and when is the ex-dividend date?
Plover Bay Technologies Ltd pays a dividend of HK$0.322 per share a year, a dividend yield of 4.7%. The last ex-dividend date was Aug 12, 2026. A dividend has been paid every year since at least 2016. The payout ratio is 99.8% of earnings. Free cash flow covers the dividend 1.17 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Plover Bay Technologies Ltd (1523)?
For today's price to be fair in a discounted-cash-flow model, Plover Bay Technologies Ltd would have to grow free cash flow by +7.9 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.8 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of 1523 use?
Our models discount Plover Bay Technologies Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.43, 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 Plover Bay Technologies Ltd that is +7.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Plover Bay Technologies Ltd (1523) delivered so far?
Over the past 5 years revenue at Plover Bay Technologies Ltd grew +19.8 % a year. The price currently implies free-cash-flow growth of +7.9 % per 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 Plover Bay Technologies Ltd (1523) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Plover Bay Technologies Ltd (+7.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Plover Bay Technologies Ltd (1523)?
The free-cash-flow yield on the price is 5.52 %: that much free cash flow Plover Bay Technologies Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Plover Bay Technologies Ltd (1523)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Plover Bay Technologies Ltd it is HK$9.29 per share (as of Nov 11, 2026), against a price of HK$6.82. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Plover Bay Technologies Ltd stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 1523 trades below its calculated fair value: price HK$6.82, fair value HK$9.29, a gap of about +36% (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 1523?
No. The price is what the market pays today (HK$6.82); the fair value is what the company's own numbers justify (HK$9.29). For Plover Bay Technologies Ltd the two are HK$2.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Plover Bay Technologies Ltd worth?
The market values Plover Bay Technologies Ltd at about HK$7.7B (market capitalisation, as of Nov 11, 2026). Per share that is HK$6.82; our models calculate a fair value of HK$9.29 per share.
What do the bullish and bearish scenarios say about 1523?
Our models span a range for Plover Bay Technologies Ltd: cautious scenario HK$5.29, base HK$9.29, optimistic HK$12.08 per share (as of Nov 11, 2026, price HK$6.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1523?
Plover Bay Technologies Ltd trades at a price-to-earnings ratio of 21.0 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$9.29 is built from several models across several years. Other multiples: P/B 16.7, P/S 7.0, EV/EBITDA 15.2.
How solid is the balance sheet of Plover Bay Technologies Ltd (1523)?
Balance-sheet figures for Plover Bay Technologies Ltd (as of Nov 11, 2026): return on equity 95.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 86/100, which measures business quality independently of the share price.
How far is 1523 from its 52-week high?
Plover Bay Technologies Ltd trades at HK$6.82, about 30% below its 52-week high of HK$9.80 and 21% above the low of HK$5.62 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of HK$9.29 is for.
Which stocks are comparable to Plover Bay Technologies Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, 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 Plover Bay Technologies Ltd stock attractive at the current price?
The data as of Nov 11, 2026: price HK$6.82, calculated fair value HK$9.29 (+36%), Quality Score 86/100, from 26 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 1523 calculated?
We run Plover Bay Technologies Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$9.29 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. Plover Bay Technologies Ltd currently trades 27% 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 Plover Bay Technologies Ltd (1523)?
The closing price on Nov 12, 2026 was HK$6.82. Our model-based fair value is HK$9.29, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Plover Bay Technologies Ltd right now?
The rarer combination: high quality (86/100) AND below fair value. That earns a closer look rather than a quick verdict. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$5.29 to HK$12.08) leaves room in how you read the outcome.
Where does the earnings growth of Plover Bay Technologies Ltd (1523) come from?
Earnings per share at Plover Bay Technologies Ltd grew +28.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +19.8 %, EBIT margin +6.0 %, tax rate +0.3 %, residual (interest, one-offs) +0.5 %. 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 Plover Bay Technologies Ltd
How large is the market capitalisation of Plover Bay Technologies Ltd (1523)?
The market capitalisation of Plover Bay Technologies Ltd is HK$7.7B (≈ $986M). 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 Plover Bay Technologies Ltd (1523)?
The price-to-sales ratio of Plover Bay Technologies Ltd is 7.34 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Plover Bay Technologies Ltd (1523)?
The dividend yield of Plover Bay Technologies Ltd is 4.7%. 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 Plover Bay Technologies Ltd (1523)?
The net margin of Plover Bay Technologies Ltd is 34.9% (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 Plover Bay Technologies Ltd (1523)?
The return on equity (ROE) of Plover Bay Technologies Ltd is 95.9% (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 Plover Bay Technologies Ltd (1523)?
On an EBIT basis the return on assets of Plover Bay Technologies Ltd is 37.5% (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 Plover Bay Technologies Ltd (1523)?
The operating margin of Plover Bay Technologies Ltd is 43.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Plover Bay Technologies Ltd (1523)?
Revenue at Plover Bay Technologies Ltd is growing +18.5% versus a year earlier (3y avg +14.5%). 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 Plover Bay Technologies Ltd (1523)?
Earnings per share at Plover Bay Technologies Ltd are growing +27.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Plover Bay Technologies Ltd (1523) hold?
Plover Bay Technologies Ltd holds more cash than debt, $63.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 11, 2026