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Sino ICT Holdings (0365) Fair Value & Analysis

Industrials · HK · Market cap HK$815M

SI Sino ICT Holdings 0365 · HK
PriceHK$0.4200
Fair ValueHK$0.2800
Upside-33.3%
Quality69/100
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Mixed Growth
Thin margins · 5.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 43/100
Evidence: Medium Range HK$0.1500 – HK$0.3500 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 9 days ago

Share price −15.2% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.3500). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.1500 to HK$0.3500) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$1.30 HK$0.0990 Fair Value HK$0.2800 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range HK$0.0990 – HK$1.30 · fair‑value band HK$0.1500 – HK$0.3500 · the HK$0.4200 price screens above the HK$0.2800 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Sino ICT Holdings (0365) currently trades at HK$0.4200, while our model-based Fair Value estimate is HK$0.2800, implying the stock looks roughly 33.3% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Sino ICT Holdings generated revenue of HK$338M at a net margin of 5.7%. Revenue grew 53.4% year over year. It earns a return on equity of 9.3%. Net debt stands at HK$272M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.1500 (bear case) to HK$0.3500 (bull case); at HK$0.4200, the current price sits above 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 74% below its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -33%, 0365 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.

Model 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. Evidence
Highest evidence
Growth DCF HK$0.1500 HK$0.2400 HK$0.3500 80
Residual Income HK$0.1300 HK$0.1400 HK$0.1400 76
Rev-Margin DCF HK$0.1500 HK$0.2900 HK$0.4400 74
All 26 models by family
DCF Models
FCF DCF HK$0.1400 HK$0.2500 HK$0.3700 38
Owner Earnings HK$0.2800 HK$0.4300 HK$0.6300 31
5Y Revenue Exit HK$0.1500 HK$0.2800 HK$0.4500 39
5Y EBITDA Exit HK$0.3100 HK$0.5900 HK$0.9000 41
5Y P/E Exit HK$0.1000 HK$0.2000 HK$0.3000 38
10Y Revenue Exit HK$0.1400 HK$0.2500 HK$0.4000 36
10Y EBITDA Exit HK$0.2400 HK$0.4400 HK$0.7000 37
10Y P/E Exit HK$0.1200 HK$0.2000 HK$0.2900 35
Earnings-Based
Graham-Dodd HK$0.0900 HK$0.2400 HK$0.3200 54
Lynch FV HK$0.0500 HK$0.0700 HK$0.0900 50
PEG = 1.0 HK$0.0500 HK$0.0700 HK$0.0900 46
EPV HK$0.1100 HK$0.1400 HK$0.1600 59
Dividend Discount
Gordon GGM HK$0.0300 HK$0.0500 HK$0.0700 70
DDM Multi-Stage HK$0.0300 HK$0.0400 HK$0.0500 61
Multiples
P/E Multiple HK$0.2100 HK$0.2800 HK$0.3500 63
P/S Multiple HK$0.1700 HK$0.2200 HK$0.2800 58
P/B Multiple HK$0.1700 HK$0.2200 HK$0.2800 55
EV/EBIT HK$0.2800 HK$0.4100 HK$0.5400 53
EV/EBITDA HK$0.5100 HK$0.7100 HK$0.9200 54
EV/Revenue HK$0.1700 HK$0.2900 HK$0.4100 43
Asset-Based
NCAV (Graham) HK$0.0900 HK$0.1100 HK$0.1700 50
Growth DCF
Growth DCF HK$0.1500 HK$0.2400 HK$0.3500 80
Rev-Margin DCF HK$0.1500 HK$0.2900 HK$0.4400 74
Economic Profit
Residual Income HK$0.1300 HK$0.1400 HK$0.1400 76
ROIC Compounder HK$0.1100 HK$0.1400 HK$0.1600 72
Growth Earnings
Growth-Adj P/E HK$0.1600 HK$0.2300 HK$0.3000 68

Widest divergence: Multiples (HK$0.2800) versus Dividend Discount (HK$0.0400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$338M
Revenue growth (YoY) +53.4%
Net margin 5.7%
Return on equity 9.3%
Free cash flow HK$41.2M FY2025
P/E ratio 56.0
More key figures
Operating margin 17.5%
EPS growth (YoY) +5.1%
Net debt HK$272M FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 64 · Market factors (momentum, volatility) 58

Profitability 30
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Sino ICT Holdings Limited, an investment holding company, manufactures and sells surface mount technology (SMT) and semiconductor equipment in the People's Republic of China and Hong Kong. The company operates through Production and Sales of Industrial Products, and Energy Business segments.

Full company description

Sino ICT Holdings Limited, an investment holding company, manufactures and sells surface mount technology (SMT) and semiconductor equipment in the People's Republic of China and Hong Kong. The company operates through Production and Sales of Industrial Products, and Energy Business segments. It is also involved in the sales of electricity; and provision of electricity spot market transaction and auxiliary services. In addition, the company engages in the provision for agency; and research and development, and sales of advanced domestic radar hardware and integration of intelligent software services. Its SMT equipment are used in automotive electronics, electronic machinery, household appliances, medical treatment, railway transportation, military, communications, logistics and finance, and other fields. The company was formerly known as Unisplendour Technology (Holdings) Limited and changed its name to Sino ICT Holdings Limited in December 2019. The company was founded in 1984 and is based in Tsim Sha Tsui, Hong Kong. Sino ICT Holdings Limited is a subsidiary of Sino Xin Ding Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sino ICT Holdings reported revenue of HK$338M in FY2025 versus HK$323M in FY2021, a compound +1.1%/yr. Reported net income was HK$19.2M in FY2025, compounding −15.8%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$338M
Latest YoY
+36.6%
Avg. growth/yr (3Y) 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.
+13.4%
Avg. growth/yr (5Y) 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.
+4.5%
Avg. growth/yr (26Y) 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.
−0.7%
Revenue +1.1%/yr
FY21 HK$323M
FY22 HK$232M
FY23 HK$212M
FY24 HK$247M
FY25 HK$338M
Net income −15.8%/yr
FY21 HK$38.3M
FY22 −HK$24.7M
FY23 −HK$62.5M
FY24 −HK$29.7M
FY25 HK$19.2M

0365 screens 33% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Sino ICT Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0365

Peer Group

Specialty Industrial Machinery · 808 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.

Quality Score 69 · Top 25%
Fair Value upside −33% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 18% · Top 25%
Revenue growth 53% · Top 25%
Debt / equity 1.50× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 56.0× · Pricier than 75% of peers
P/B 3.29× · Pricier than median
P/S (TTM) 2.41× · Pricier than median
P/FCF 2.5× · Cheaper than median
EV/EBITDA 12.3× · Cheaper than median

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.

VALUE 0 · sector 0
FUTURE 100 · sector 23
PAST 37 · sector 28
HEALTH 25 · sector 96
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Sino ICT Holdings (0365) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.2800 versus a price of HK$0.4200, about −33% (overvalued).
What is the fair value of 0365?
Our model-based fair value for Sino ICT Holdings is HK$0.2800 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$0.4200.
What is the quality score of 0365?
Sino ICT Holdings has a Quality Score of 69/100. 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 revenue of Sino ICT Holdings (0365)?
Sino ICT Holdings reported trailing-twelve-month revenue of about HK$338M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0365?
The net profit margin of Sino ICT Holdings is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.

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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