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Pacific Online Limited (0543) Fair Value & Analysis

Communication Services · HK · Market cap HK$295M

PO Pacific Online Limited 0543 · HK
PriceHK$0.2700
Fair ValueHK$0.2500
Upside-7.4%
Quality52/100
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Weak Growth
Thin margins · 0.8% net margin
negative free cash flow
14.00% dividend yield
Mixed vs. peers (6/11)
Narrow moat 22/100
Evidence: High Range HK$0.2400 – HK$0.2500 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 2 days ago

Share price +5.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits above even our optimistic bull case (HK$0.2500). The favourable scenario is already priced in.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The models converge in a tight band (HK$0.2400 to HK$0.2500), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$1.08 HK$0.2214 Fair Value HK$0.2500 Apr 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.2214 – HK$1.08 · fair‑value band HK$0.2400 – HK$0.2500 · the HK$0.2700 price screens above the HK$0.2500 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Pacific Online Limited (0543) currently trades at HK$0.2700, while our model-based Fair Value estimate is HK$0.2500, implying the stock looks roughly 7.4% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Communication Services 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: high).

Over the trailing twelve months, Pacific Online Limited generated revenue of HK$647M at a net margin of 0.8%. Revenue grew 4.3% year over year. It earns a return on equity of 0.7%. The balance sheet holds a net cash position of HK$202M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2400 (bear case) to HK$0.2500 (bull case); at HK$0.2700, 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 34% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at -7%, 0543 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
Residual Income HK$0.3500 HK$0.3200 HK$0.1900 76
Gordon GGM HK$0.3100 HK$0.3300 HK$0.3600 70
Growth-Adj P/E HK$0.0500 HK$0.0700 HK$0.0900 68
All 15 models by family
DCF Models
Owner Earnings HK$0.2600 HK$0.2700 HK$0.3100 31
Earnings-Based
Graham-Dodd HK$0.0300 HK$0.0400 HK$0.0500 54
EPV HK$0.2200 HK$0.2300 HK$0.2300 59
Dividend Discount
Gordon GGM HK$0.3100 HK$0.3300 HK$0.3600 70
DDM Multi-Stage HK$0.3100 HK$0.3600 HK$0.4300 61
Multiples
P/E Multiple HK$0.0700 HK$0.1000 HK$0.1200 63
P/S Multiple HK$0.0600 HK$0.0700 HK$0.0900 58
P/B Multiple HK$0.0600 HK$0.0700 HK$0.0900 55
EV/EBIT HK$0.3300 HK$0.3800 HK$0.4300 53
EV/EBITDA HK$0.3700 HK$0.4400 HK$0.5100 54
EV/Revenue HK$0.3000 HK$0.3400 HK$0.3900 43
Asset-Based
NCAV (Graham) HK$0.2900 HK$0.3800 HK$0.5700 50
Economic Profit
Residual Income HK$0.3500 HK$0.3200 HK$0.1900 76
ROIC Compounder HK$0.2200 HK$0.2300 HK$0.2300 67
Growth Earnings
Growth-Adj P/E HK$0.0500 HK$0.0700 HK$0.0900 68

Widest divergence: Asset-Based (HK$0.3800) versus Earnings-Based (HK$0.0400). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$647M
Revenue growth (YoY) +4.3%
Net margin 0.8%
Return on equity 0.7%
Free cash flow −HK$8.7M FY2025
Operating margin 7.8%
More key figures
EPS (TTM) HK$-0.0100
Dividend yield 14.0%
EPS growth (YoY) -59.9%
Net cash HK$202M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 31

Profitability 30
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 81
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

Pacific Online Limited, an investment holding company, provides internet advertising services in the People's Republic of China.

Full company description

Pacific Online Limited, an investment holding company, provides internet advertising services in the People's Republic of China. It operates Internet portals, including PConline that offers professional IT information services for domestic IT enterprises and customers; PCauto, an automobile portal, which provides product information, brand review and testing, and after-sale information services; and PClady, which offers lifestyle-related services and product information to women's interests and needs. The company also provides PCbaby that offers personalized information and service of pregnancy and infant caring systematically and PChouse, which focuses on home improvement professional interpretation. In addition, it offers information technology and software development services; computer information consultancy services; computer technology services; and advertising services. The company was incorporated in 2007 and is based in Guangzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pacific Online Limited reported revenue of HK$647M in FY2025 versus HK$852M in FY2021, a compound −6.7%/yr. Reported net income was HK$4.9M in FY2025, compounding −44.0%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$647M
Latest YoY
+1.9%
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.
−7.4%
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.
−7.7%
Avg. growth/yr (21Y) 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.
+10.4%
Revenue −6.7%/yr
FY21 HK$852M
FY22 HK$814M
FY23 HK$740M
FY24 HK$635M
FY25 HK$647M
Net income −44.0%/yr
FY21 HK$49.9M
FY22 −HK$6.7M
FY23 −HK$32.3M
FY24 HK$43.7M
FY25 HK$4.9M
Character of growth · EPS growth decomposed (2014-2025) −19.2 % p.a.
Revenue per share −4.8 pp

of which total revenue −4.8 pp · buybacks/dilution +0.0 pp

EBIT margin −15.0 pp
Tax rate −0.7 pp
Residual (interest, one-offs) +1.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Pacific Online Limited Fair Value". https://www.fairvalue-calculator.com/stock/0543

Peer Group

Internet Content & Information · 155 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 52 · Below median
Fair Value upside −7% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 14.0% · Top 25%

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
PEG 0.19× · Cheaper than 75% of peers

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 23 · sector 0
FUTURE 22 · sector 31
PAST 3 · sector 11
HEALTH 0 · sector 99
DIVIDEND 100 · sector 38

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.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $343.54 $145.14 -58%
Meta Platforms, Inc META $578.85 $534.91 -8%
Tencent Holdings 0700 HK$461.60 HK$448.17 -3%
Spotify Technology S.A SPOT $489.60 $210.99 -57%
Reddit, Inc RDDT $153.45 $39.59 -74%
Baidu, Inc BIDU $104.84 $66.96 -36%
Kuaishou Technology, an investment holding company, 1024 HK$41.54 HK$84.61 +104%
NAVER Corporation 035420 215,500 KRW 231,585 KRW +7%
Tencent Music Entertainment Group 1698 HK$33.72 HK$66.60 +98%
Kakao Corp 035720 40,100 KRW 24,536 KRW -39%

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Frequently asked questions

Is Pacific Online Limited (0543) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2500 versus a price of HK$0.2700, about −7% (fairly valued).
What is the fair value of 0543?
Our model-based fair value for Pacific Online Limited is HK$0.2500 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.2700.
What is the quality score of 0543?
Pacific Online Limited has a Quality Score of 52/100. 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 Pacific Online Limited (0543)?
Pacific Online Limited reported trailing-twelve-month revenue of about HK$647M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0543?
The net profit margin of Pacific Online Limited is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does Pacific Online Limited pay a dividend?
Pacific Online Limited currently shows a dividend yield of about 14.00% relative to its recent price (as of Aug 13, 2026).

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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