Comba Telecom Systems Holdings Ltd (2342) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Comba Telecom Systems Holdings Ltd stock HK$0.66, price HK$0.89, that is 25.4% below the price, quality 59 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 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 8, 2026.
How to read this chart
60‑month range HK$0.4739 – HK$3.47 · fair‑value band HK$0.5100 – HK$0.8100 · the HK$0.8850 price screens above the HK$0.6600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Comba Telecom Systems Holdings Limited, an investment holding company, engages in the research and development, manufacture, and sale of wireless telecommunications network system equipment and related engineering services.
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It operates in two segments: Wireless Telecommunications Network System Equipment and Services, and Operator Telecommunication Services.
The company provides base station antennas and subsystems; open radio; ScanViS; and network system products, as well as cell site and enterprise solutions; consultancy, DAS network design, maintenance, and network optimization services; and technical support, value-added, and repairing services.
It also engages in assembling, trading, and marketing of wireless telecommunications network system equipment; manufacture and sale of intelligent machinery; research and development, and trading of digital microwave system equipment; and provision of hardware and software solutions and services.
The company serves airport, education, government and public safety, healthcare, hospitality, retail, stadium, and transportation industries. It has operations in Mainland China, rest of Asia Pacific, the Americas, the European Union, the Middle East, and internationally.
Comba Telecom Systems Holdings Limited was founded in 1995 and is headquartered in Singapore.
Stock analysis
Comba Telecom Systems Holdings Ltd (2342) currently trades at HK$0.8850, while our model-based Fair Value estimate is HK$0.6600, 25% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$1.00 per share, and 9 of the 24 models we run sit above the HK$0.8850 price.
Bear case: the Growth Earnings group reads lowest at HK$0.2400, and 15 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.5100 (bear) to HK$0.8100 (bull), the price of HK$0.8850 sits above 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 59/100 (solid quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Comba Telecom Systems Holdings Ltd reported revenue of HK$4.6B in FY2025 versus HK$5.9B in FY2021, a compound −6.1%/yr. Reported net income was HK$35.0M in FY2025.
Key figures
Market cap HK$2.8B (≈ $354M) Small · P/E ratio 92.0 · P/S ratio 0.70 · Dividend yield 0.3% · Net margin 0.6% · Return on equity 1.9% · Return on assets (EBIT) −1.3% (5-year average) · Operating margin 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 69% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −25%, 2342 screens cheaper than that median.
Fair Value models
BearHK$0.5100Fair Value HK$0.6600BullHK$0.8100
Price HK$0.8850 · Downside -25.4%
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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+0.9%
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.
−10.4%
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.
−2.0%
Start year 2020 (pandemic). Over 10 years: −3.9% a year
Revenue growth 23 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.
+9.4%
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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.
−15.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.1%
Dividend (yield on the price)0.3%
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.−16.1% vs −15.5%, steady
Profit margin 2019 to 2024 ⓘ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.4% → −9%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 5.0%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−21.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −22.8% a year for the price.
Compare Comba Telecom Systems Holdings 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 · 303 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−25.4% · Above median
Profitability
Return on equity (12 months)1.9% · Below median
Return on assets0.9% · Below median
Net margin (12 months)1.2% · Below median
Operating margin (12 months)2.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.18× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)92.0× · Priciest 25%
P/B0.87× · Cheapest 25%
P/S (12 months)1.12× · Cheaper than median
Price / free cash flow (fiscal year)11.1× · Cheaper than median
EV/EBITDA20.4× · Pricier than median
PEG0.48× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 57
PAST (return on equity)8· sector 21
HEALTH (low debt)91· sector 98
DIVIDEND (yield)7· sector 24
VALUE 0: the price sits above our fair-value range.
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). "Comba Telecom Systems Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2342
Frequently asked questions
Is Comba Telecom Systems Holdings Ltd (2342) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of HK$0.6600 versus a price of HK$0.8850, about 25% lower (overvalued).
What is the fair value of 2342?
Our model-based fair value for Comba Telecom Systems Holdings Ltd is HK$0.6600 (as of Nov 8, 2026), built from audited fundamentals. The current price: HK$0.8850.
What is the quality score of 2342?
Comba Telecom Systems Holdings Ltd has a Quality Score of 59/100. 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 Comba Telecom Systems Holdings Ltd (2342)?
Our model-based price target is the fair value of HK$0.6600 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario HK$0.5100, optimistic scenario HK$0.8100. It is a calculation from audited fundamentals, not an analyst target.
What is the Comba Telecom Systems Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.6600, about 25% lower versus a price of HK$0.8850 (overvalued). Cautious scenario HK$0.5100, optimistic scenario HK$0.8100. The calculation is refreshed regularly with new filings.
What is the revenue of Comba Telecom Systems Holdings Ltd (2342)?
Comba Telecom Systems Holdings Ltd reported trailing-twelve-month revenue of about HK$4.6B (latest available figure, as of Nov 8, 2026).
Does Comba Telecom Systems Holdings Ltd pay a dividend?
Comba Telecom Systems Holdings Ltd currently shows a dividend yield of 0.34% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Comba Telecom Systems Holdings Ltd (2342) and when is the ex-dividend date?
Comba Telecom Systems Holdings Ltd pays a dividend of HK$0.003 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Sep 3, 2026. The payout ratio is 26.8% of earnings. Free cash flow covers the dividend 49.31 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Comba Telecom Systems Holdings Ltd (2342)?
For today's price to be fair in a discounted-cash-flow model, Comba Telecom Systems Holdings Ltd would have to grow free cash flow by -21.2 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 2342 use?
Our models discount Comba Telecom Systems Holdings Ltd at 11.5 %: a base by market capitalisation (small), damped by beta 0.90, 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 Comba Telecom Systems Holdings Ltd that is -21.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Comba Telecom Systems Holdings Ltd (2342) delivered so far?
Over the past 5 years revenue at Comba Telecom Systems Holdings Ltd grew -2.0 % a year. The price currently implies free-cash-flow growth of -21.2 % 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 Comba Telecom Systems Holdings Ltd (2342) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Comba Telecom Systems Holdings Ltd (-21.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Comba Telecom Systems Holdings Ltd (2342)?
The free-cash-flow yield on the price is 16.68 %: that much free cash flow Comba Telecom Systems Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Comba Telecom Systems Holdings Ltd (2342)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Comba Telecom Systems Holdings Ltd it is HK$0.6600 per share (as of Nov 8, 2026), against a price of HK$0.8850. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Comba Telecom Systems Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2342 trades above its calculated fair value: price HK$0.8850, fair value HK$0.6600, a gap of about −25% (overvalued). 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 2342?
No. The price is what the market pays today (HK$0.8850); the fair value is what the company's own numbers justify (HK$0.6600). For Comba Telecom Systems Holdings Ltd the two are HK$0.2250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Comba Telecom Systems Holdings Ltd worth?
The market values Comba Telecom Systems Holdings Ltd at about HK$2.8B (market capitalisation, as of Nov 8, 2026). Per share that is HK$0.8850; our models calculate a fair value of HK$0.6600 per share.
What do the bullish and bearish scenarios say about 2342?
Our models span a range for Comba Telecom Systems Holdings Ltd: cautious scenario HK$0.5100, base HK$0.6600, optimistic HK$0.8100 per share (as of Nov 8, 2026, price HK$0.8850). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2342?
Comba Telecom Systems Holdings Ltd trades at a price-to-earnings ratio of 92.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.6600 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings: 106.2. Other multiples: PEG 0.5, P/B 0.9, P/S 1.1, EV/EBITDA 20.4.
What is the PEG ratio of 2342?
The PEG ratio of Comba Telecom Systems Holdings Ltd is 0.48 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Comba Telecom Systems Holdings Ltd (2342)?
Balance-sheet figures for Comba Telecom Systems Holdings Ltd (as of Nov 8, 2026): return on equity 1.9%, debt of 0.18 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 2342 from its 52-week high?
Comba Telecom Systems Holdings Ltd trades at HK$0.8850, about 69% below its 52-week high of HK$2.86 and 29% above the low of HK$0.6850 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.6600 is for.
Which stocks are comparable to Comba Telecom Systems Holdings 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 Comba Telecom Systems Holdings Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price HK$0.8850, calculated fair value HK$0.6600 (−25%), Quality Score 59/100, from 24 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 2342 calculated?
We run Comba Telecom Systems Holdings Ltd through 24 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$0.6600 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 13.3% above its aggregate fair value. Comba Telecom Systems Holdings Ltd itself currently trades above fair value. 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 Comba Telecom Systems Holdings Ltd (2342)?
The closing price on Nov 6, 2026 was HK$0.8850. Our model-based fair value is HK$0.6600, about 25% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Comba Telecom Systems Holdings Ltd right now?
The price sits above even our optimistic bull case (HK$0.8100). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Comba Telecom Systems Holdings Ltd
How large is the market capitalisation of Comba Telecom Systems Holdings Ltd (2342)?
The market capitalisation of Comba Telecom Systems Holdings Ltd is HK$2.8B (≈ $354M). 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 Comba Telecom Systems Holdings Ltd (2342)?
The price-to-sales ratio of Comba Telecom Systems Holdings Ltd is 0.70 (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 Comba Telecom Systems Holdings Ltd (2342)?
The dividend yield of Comba Telecom Systems Holdings Ltd is 0.3%. 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 Comba Telecom Systems Holdings Ltd (2342)?
The net margin of Comba Telecom Systems Holdings Ltd is 0.6% (last twelve months). 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 Comba Telecom Systems Holdings Ltd (2342)?
The return on equity (ROE) of Comba Telecom Systems Holdings Ltd is 1.9% (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 Comba Telecom Systems Holdings Ltd (2342)?
On an EBIT basis the return on assets of Comba Telecom Systems Holdings Ltd 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 Comba Telecom Systems Holdings Ltd (2342)?
The operating margin of Comba Telecom Systems Holdings Ltd is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at Comba Telecom Systems Holdings Ltd (2342)?
Earnings per share at Comba Telecom Systems Holdings Ltd are growing −15.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Comba Telecom Systems Holdings Ltd (2342) hold?
Comba Telecom Systems Holdings Ltd holds more cash than debt, HK$864M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026