EN DE
Watch WAC Holdings Ltd for free: we tell you when fair value or trend changes.
Data-driven stock valuation

WAC Holdings Ltd (8619) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of WAC Holdings Ltd stock HK$0.11, price HK$0.07, upside +65.4%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials HK · ISIN KYG940321022

WH WAC Holdings Ltd logo Thin data Nov 10, 2026

WAC Holdings Ltd

8619 · HK

Cheap (40% below fair value) and solid company, but falling price: meets 2 of 3 rules.

Get notified free when this changes
Fair value HK$0.1092 · Strongly undervalued 
Generates free cash flow 
Even on cautious assumptions the value is 47% above the price (HK$0.0970). 
Quality 56/100 
Mixed vs. peers (5/10) 
Falling price (downtrend) 
Weak Growth (revenue 5y +0.2 %/yr in HKD) 
Loss-making · -178.1% net margin (TTM) 
Narrow moat 10/100 · thin data
Thin data 
Watch WAC Holdings Ltd for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$12.37 HK$0.0600 Fair Value HK$0.1092 Jul 2020 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range HK$0.0600 – HK$12.37 · fair‑value band HK$0.0970 – HK$0.1275 · the HK$0.0660 price screens below the HK$0.1092 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

Follow WAC Holdings in your weekly email

Every Wednesday you see whether WAC Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

NIU Holdings Limited, together with its subsidiaries, provides structural and geotechnical engineering design and consultancy services in Hong Kong, Macau, and the People's Republic of China.

Show moreShow less

The company offers structural engineering services, such as loading calculation and stress design; geotechnical engineering services, including calculation of earth surface conditions and assessment of risks posed by site conditions; civil engineering services, which involve infrastructure works and drainage; and material engineering services, including analyzing the use of and selecting building materials in a construction project, as well as other related services, such as registered structural engineers and authorized persons work in relation to alterations, additions work, and expert services.

It also provides slope investigation and improvement projects, site formation, excavation, and lateral support works for residential, office, hotel, commercial, institutional, educational, and industrial developments, as well as construction of new properties and refurbishment/maintenance of existing properties.

In addition, the company offers IT solutions and services; procurement of IT products; installation services for IT equipment; computer"aided drawings, design of construction, and back-office support; and equipment rental services.

The company was formerly known as King Of Catering (Global) Holdings Ltd. and changed its name to NIU Holdings Limited in June 2025. NIU Holdings Limited was founded in 1987 and is headquartered in Sha Tin, Hong Kong.

Stock analysis

WAC Holdings Ltd (8619) currently trades at HK$0.0660, while our model-based Fair Value estimate is HK$0.1092, implying the stock looks roughly 40% undervalued today.

Show more

Valuation

Bull case: the Growth DCF group reads highest at a median of HK$0.1450 per share, and 7 of the 7 models we run sit above the HK$0.0660 price.

Bear case: the Asset-Based group reads lowest at HK$0.0800, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: HK$0.0970 (bear) to HK$0.1275 (bull), the price of HK$0.0660 sits below 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 56/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

WAC Holdings Ltd reported revenue of HK$77.9M in FY2026 versus HK$79.1M in FY2022, a compound −0.4%/yr. Reported net income was −HK$139M in FY2026.

Key figures

Market cap HK$29.1M (≈ $3.7M) Micro · P/S ratio 0.34 · EPS (TTM) HK$0.0900 · Return on equity −107% · Return on assets (EBIT) −9.2% (5-year average) · Operating margin −151% · Revenue (TTM) HK$77.9M · Revenue growth (YoY) −32.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 68% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 65%, 8619 screens cheaper than that median.

Fair Value models

Bear HK$0.0970 Fair Value HK$0.1092 Bull HK$0.1275
Price HK$0.0660 · Upside +65.4%
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. Based on fiscal year 2026 figures (about 8 months old). Earnings retained since then (HK$0.0565 per share) are deliberately not added. 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.
Best data coverage
FCF DCF HK$0.1200 HK$0.1400 HK$0.1700 80
Growth DCF HK$0.1200 HK$0.1400 HK$0.1600 77
5Y Revenue Exit HK$0.1200 HK$0.1500 HK$0.2000 71
All 7 models by family
DCF Models
FCF DCF HK$0.1200 HK$0.1400 HK$0.1700 80
5Y Revenue Exit HK$0.1200 HK$0.1500 HK$0.2000 71
10Y Revenue Exit HK$0.1200 HK$0.1400 HK$0.1700 66
Multiples
EV/Revenue HK$0.1000 HK$0.1400 HK$0.1700 52
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0800 HK$0.1000 52
Growth DCF
Growth DCF HK$0.1200 HK$0.1400 HK$0.1600 77
Rev-Margin DCF HK$0.1200 HK$0.1500 HK$0.1900 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 14
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 54
Do the profits arrive as real cash?
Financial strength 54
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 10
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 23/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−25.2%
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.
−3.6%
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.
+0.2%
Start year 2021 (pandemic). Over 10 years: +1.4% a year
Revenue growth 10 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.
+1.4%
Profit margin (trend) ⓘ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.
9.5% (2021) → −65.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
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).
less than -40 %
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.

Watch 8619, get fair value alerts →

Compare WAC Holdings Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Engineering & Construction · 826 stocks

Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside +65.5% · Top 25%
Profitability
Return on assets −103.3% · Bottom 25%
Net margin (12 months) −178.1% · Bottom 25%
Operating margin (12 months) −150.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −32.3% · Bottom 25%

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/B 0.47× · Cheapest 25%
P/S (12 months) 0.37× · Cheapest 25%
Price / free cash flow (fiscal year) 7.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 32
FUTURE (revenue growth)0 · sector 20
PAST (return on equity)0 · sector 26
HEALTH (low debt)0 · sector 94
DIVIDEND (yield)0 · sector 43

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vinci SA DG €115.50 €186.68 +62% vs 8619
Bouygues SA EN €44.30 €65.77 +48% vs 8619
Comfort Systems USA, Inc FIX $1,113 $1,122 +1% vs 8619
EMCOR Group EME $659.36 $524.14 −21% vs 8619
ACS, Actividades de Construcción y Servicios, S.A ACS €91.05 €62.38 −31% vs 8619
Samsung C&T Corporation 028260 285,000 KRW 159,702 KRW −44% vs 8619
Larsen & Toubro Limited LT ₹4,144 ₹2,302 −44% vs 8619
HOCHTIEF Aktiengesellschaft HOT €374.40 €203.86 −46% vs 8619
APi Group APG $43.47 $19.20 −56% vs 8619
Quanta Services, Inc PWR $602.01 $162.41 −73% vs 8619

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Average Down CalculatorFree calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

WAC Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "WAC Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8619

Frequently asked questions

Is WAC Holdings Ltd (8619) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of HK$0.1092 versus a price of HK$0.0660, about +65% upside (undervalued).
What is the fair value of 8619?
Our model-based fair value for WAC Holdings Ltd is HK$0.1092 (as of Nov 10, 2026), built from audited fundamentals. The current price: HK$0.0660.
What is the quality score of 8619?
WAC Holdings Ltd has a Quality Score of 56/100. 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 WAC Holdings Ltd (8619)?
Our model-based price target is the fair value of HK$0.1092 (as of Nov 10, 2026) from 7 valuation models. Cautious scenario HK$0.0970, optimistic scenario HK$0.1275. It is a calculation from audited fundamentals, not an analyst target.
What is the WAC Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1092, about +65% upside versus a price of HK$0.0660 (undervalued). Cautious scenario HK$0.0970, optimistic scenario HK$0.1275. The calculation is refreshed regularly with new filings.
What is the revenue of WAC Holdings Ltd (8619)?
WAC Holdings Ltd reported trailing-twelve-month revenue of about HK$77.9M (latest available figure, as of Nov 10, 2026).
What growth is priced into WAC Holdings Ltd (8619)?
Today's price is already fair in a discounted-cash-flow model if free cash flow at WAC Holdings Ltd shrinks by more than 40 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew 0.2 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 8619 use?
Our models discount WAC Holdings Ltd at 12.7 %: a base by market capitalisation (nano), damped by beta 1.95, 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 WAC Holdings Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has WAC Holdings Ltd (8619) delivered so far?
Over the past 5 years revenue at WAC Holdings Ltd grew 0.2 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 WAC Holdings Ltd (8619) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into WAC Holdings Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WAC Holdings Ltd (8619)?
The free-cash-flow yield on the price is 28.74 %: that much free cash flow WAC Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WAC Holdings Ltd (8619)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WAC Holdings Ltd it is HK$0.1092 per share (as of Nov 10, 2026), against a price of HK$0.0660. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is WAC Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 8619 trades below its calculated fair value: price HK$0.0660, fair value HK$0.1092, a gap of about +65% (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 8619?
No. The price is what the market pays today (HK$0.0660); the fair value is what the company's own numbers justify (HK$0.1092). For WAC Holdings Ltd the two are HK$0.0432 per share apart. That gap is exactly why we show both numbers side by side.
How much is WAC Holdings Ltd worth?
The market values WAC Holdings Ltd at about HK$29.1M (market capitalisation, as of Nov 10, 2026). Per share that is HK$0.0660; our models calculate a fair value of HK$0.1092 per share.
What do the bullish and bearish scenarios say about 8619?
Our models span a range for WAC Holdings Ltd: cautious scenario HK$0.0970, base HK$0.1092, optimistic HK$0.1275 per share (as of Nov 10, 2026, price HK$0.0660). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of WAC Holdings Ltd (8619)?
Balance-sheet figures for WAC Holdings Ltd (as of Nov 10, 2026): return on equity −106.6%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 8619 from its 52-week high?
WAC Holdings Ltd trades at HK$0.0660, about 68% below its 52-week high of HK$0.2062 and 10% above the low of HK$0.0600 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1092 is for.
Which stocks are comparable to WAC Holdings Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 WAC Holdings Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price HK$0.0660, calculated fair value HK$0.1092 (+65%), Quality Score 56/100, from 7 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 8619 calculated?
We run WAC Holdings Ltd through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of HK$0.1092 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 14.1% above its aggregate fair value. WAC Holdings Ltd currently trades 40% 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 WAC Holdings Ltd (8619)?
The closing price on Nov 13, 2026 was HK$0.0660. Our model-based fair value is HK$0.1092, about +65% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WAC Holdings Ltd right now?
The price is below even our cautious bear case (HK$0.0970). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of WAC Holdings Ltd

How large is the market capitalisation of WAC Holdings Ltd (8619)?
The market capitalisation of WAC Holdings Ltd is HK$29.1M (≈ $3.7M). 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 WAC Holdings Ltd (8619)?
The price-to-sales ratio of WAC Holdings Ltd is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of WAC Holdings Ltd (8619)?
Earnings per share at WAC Holdings Ltd are HK$0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of WAC Holdings Ltd (8619)?
The return on equity (ROE) of WAC Holdings Ltd is −107% (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 WAC Holdings Ltd (8619)?
On an EBIT basis the return on assets of WAC Holdings Ltd is −9.2% (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 WAC Holdings Ltd (8619)?
The operating margin of WAC Holdings Ltd is −151% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WAC Holdings Ltd (8619)?
Revenue at WAC Holdings Ltd is down 32.3% versus a year earlier (3y avg −3.6%). 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 WAC Holdings Ltd (8619)?
Earnings per share at WAC Holdings Ltd are down 38.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does WAC Holdings Ltd (8619) hold?
WAC Holdings Ltd holds more cash than debt, HK$9.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch WAC Holdings Ltd in the live analysis

One click puts WAC Holdings Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.