TravelSky Technology Ltd (0696) fair value: what the stock is really worth
We calculate from audited financials what TravelSky Technology Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Technology · HK · Market cap HK$25.5B (≈ $3.2B) · ISIN CNE1000004J3
At a glance
TTTravelSky Technology Ltd0696 · HK
PriceHK$8.70
Fair ValueHK$19.54
Upside+124.6%
Quality66/100
A solid business, trading 55% below our fair value of HK$19.54.
As of Aug 18, 2026, the fair value of TravelSky Technology Ltd is HK$19.54 per share against a price of HK$8.70, so the fair value sits 125% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +9.8 %/yr)
✓Highly profitable · 26.7% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (12/14)
!Moderate moat 60/100
!Weak on future: 10 out of 100
Evidence: HighRange HK$14.65 to HK$24.42
Fair value as of: Aug 18, 2026
From 24 valuation models · updated 24 days ago
Share price +3.4% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case (HK$14.65). The market is more pessimistic than our downside scenario.
Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
60‑month range HK$7.14 – HK$17.18 · fair‑value band HK$14.65 – HK$24.42 · the HK$8.70 price screens below the HK$19.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.
TravelSky Technology Ltd (0696) currently trades at HK$8.70, while our model-based Fair Value estimate is HK$19.54, implying the stock looks roughly 55.5% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of HK$19.28 per share, and 18 of the 24 models we run sit above the HK$8.70 price. Bear case: the Asset-Based group reads lowest at HK$5.49, and 6 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, TravelSky Technology Ltd generated revenue of HK$8.8B at a net margin of 26.7%. Revenue grew 1.9% year over year. It earns a return on equity of 10.1%. The balance sheet holds a net cash position of HK$8.0B. Fundamentals as of Aug 18, 2026
Scenario range: HK$14.65 (bear) to HK$24.42 (bull), the price of HK$8.70 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 35% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 79% fair-value upside, at 125%, 0696 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (HK$0.3410 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio8.8as of Jul 2, 2026
P/S ratio2.35P/E × margin
EPS (TTM)HK$0.4900price ÷ EPS = P/E 8.8
Dividend yield2.9%payout 51.2%
Net margin26.7%FY2025
Return on equity10.1%TTM
More key figures
Profitability
Return on assets (EBIT)5.5%avg 5y
Operating margin16.3%TTM
Growth
Revenue (TTM)HK$8.8BTTM
Revenue growth (YoY)+1.9%3y avg +18.9%
EPS growth (YoY)+27.3%
Balance sheet & cash flow
Free cash flowHK$2.1BFY2025
Net cashHK$8.0BFY2025
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality66/100
Of which business quality 67
· Market factors (momentum, volatility) 40
Profitability46
Margins and returns on capital today
Quality Growth29
Are margins and returns improving?
Cashflow78
Earnings quality: real cash, not paper profit
Fin. Strength99
Balance sheet, leverage, solvency risk
Investment58
Disciplined investing over empire-building
Low Volatility87
Calm price path (market factor)
Momentum25
Price trend over the last 3–12 months (market factor)
52W Momentum12
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
TravelSky Technology Limited, together with its subsidiaries, provides information technology (IT) solutions for the aviation and travel industries in the People's Republic of China.
Full company description
TravelSky Technology Limited, together with its subsidiaries, provides information technology (IT) solutions for the aviation and travel industries in the People's Republic of China. The company offers aviation information platform services comprising electronic travel distribution services, including inventory control and computer reservation systems; airport passenger processing system services; and information technology services. It also provides accounting, settlement, and clearing services, information system development and support services, and air travel financial services; distribution information technology services; and airport information technology services. In addition, the company provides airport passenger processing and cargo management, e-tourism distribution and freight management, trade financing, domestic and inbound travel, hardware and system consulting, system integration, tourist information consulting, data processing, training, and commercial services. Further, it engages in the sale and installation of related information systems; planning, construction, operation management, technical support, product development, and e-commerce of computer reservation, departure and freight transportation, and other application systems; computer software and hardware development; data network; settlement and liquidation services; computer system engineering design and installation; real estate development and sales; technology development, consulting, transfer, promotion, and support services; software development; self-developed commercial housing contracting; labor service subcontracting; investment management; and sales, leasing, maintenance, and technical consulting of computer software and hardware. TravelSky Technology Limited was founded in 1979 and is based in Wan Chai, Hong Kong.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TravelSky Technology Ltd reported revenue of 8.8B CNY in FY2025 versus 5.5B CNY in FY2021, a compound +12.5%/yr. Reported net income was 2.3B CNY in FY2025, compounding +43.6%/yr from FY2021.
Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$8.8B
Latest YoY
−0.6%
Avg. revenue 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.
+18.9%
Avg. revenue 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.
+9.8%
Avg. revenue 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.
+11.0%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +36.4%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+33.5%
Dividend yield2.9%
Trend ⓘ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.5Y 33.5% vs 10Y 2.0%, picking up
Operating margin (EBIT) ⓘ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.5.9% (2020) → 30.9% (2025) · rising
Worst earnings drop86% (2020) · in HKD
⚠ Final year 2025 sits 67% above trend (one-off), rate approximate
Revenue+12.5%/yr
FY215.5B CNY
FY225.2B CNY
FY237.0B CNY
FY248.8B CNY
FY258.8B CNY
Net income+43.6%/yr
FY21551M CNY
FY22627M CNY
FY231.4B CNY
FY242.1B CNY
FY252.3B CNY
Character of growth · EPS growth decomposed (2014-2025)−0.3 % p.a.
Revenue per share+4.2 %
of which total revenue +4.2 % · buybacks/dilution +0.0 %
EBIT margin−1.2 %
Tax rate+0.3 %
Residual (interest, one-offs)−3.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
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.
Valuation
Quality Score66 · Top 25%
Fair Value upside+121% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Above median
Net margin (TTM)27% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiples vs Information Technology Services median · lower = cheaper
P/E (TTM)8.8× · Cheapest 25%
P/B0.99× · Cheaper than median
P/S (TTM)2.70× · Priciest 25%
P/FCF1.4× · Cheaper than median
EV/EBITDA5.2× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must TravelSky Technology Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-9.5 % per year
Achieved revenue growth, 5 years+9.8 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price8.42 %
Discount rate (WACC) in the models9.0 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 35
FUTURE10· sector 31
PAST41· sector 34
HEALTH99· sector 97
DIVIDEND58· sector 35
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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
Is TravelSky Technology Ltd (0696) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of HK$19.54 versus a price of HK$8.70, about +125% upside (undervalued).
What is the fair value of 0696?
Our model-based fair value for TravelSky Technology Ltd is HK$19.54 (as of Aug 18, 2026), built from audited fundamentals. The current price: HK$8.70.
What is the quality score of 0696?
TravelSky Technology Ltd has a Quality Score of 66/100. 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 TravelSky Technology Ltd (0696)?
Our model-based price target is the fair value of HK$19.54 (as of Aug 18, 2026) from 24 valuation models. Cautious scenario HK$14.65, optimistic scenario HK$24.42. It is a calculation from audited fundamentals, not an analyst target.
What is the TravelSky Technology Ltd stock forecast for 2026?
Our models put fair value at HK$19.54, about +125% upside versus a price of HK$8.70 (undervalued). Cautious scenario HK$14.65, optimistic scenario HK$24.42. The calculation is refreshed regularly with new filings.
What is the revenue of TravelSky Technology Ltd (0696)?
TravelSky Technology Ltd reported trailing-twelve-month revenue of about HK$8.8B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 0696?
The net profit margin of TravelSky Technology Ltd is about 26.7%, meaning it keeps roughly 26.7% of revenue as net income. Based on the latest reported figures.
Does TravelSky Technology Ltd pay a dividend?
TravelSky Technology Ltd currently shows a dividend yield of about 2.88% relative to its recent price (as of Aug 18, 2026).
What growth is priced into TravelSky Technology Ltd (0696)?
For today's price to be fair in a discounted-cash-flow model, TravelSky Technology Ltd would have to grow free cash flow by -9.5 % per year for ten years (discount rate 9.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +9.8 % per year. As of Aug 18, 2026.
What discount rate (WACC) does the fair value of 0696 use?
Our models discount TravelSky Technology Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.37, country premium for Hong Kong. The same rate applies in all 26 models.
What is the intrinsic value of TravelSky Technology Ltd (0696)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TravelSky Technology Ltd it is HK$19.54 per share (as of Aug 18, 2026), against a price of HK$8.70. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TravelSky Technology Ltd stock overvalued or undervalued in 2026?
As of Aug 18, 2026, 0696 trades below its calculated fair value: price HK$8.70, fair value HK$19.54, a gap of about +125% (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 0696?
No. The price is what the market pays today (HK$8.70); the fair value is what the company's own numbers justify (HK$19.54). For TravelSky Technology Ltd the two are HK$10.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is TravelSky Technology Ltd worth?
The market values TravelSky Technology Ltd at about HK$25.5B (market capitalisation, as of Aug 18, 2026). Per share that is HK$8.70; our models calculate a fair value of HK$19.54 per share.
What do the bullish and bearish scenarios say about 0696?
Our models span a range for TravelSky Technology Ltd: cautious scenario HK$14.65, base HK$19.54, optimistic HK$24.42 per share (as of Aug 18, 2026, price HK$8.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0696?
TravelSky Technology Ltd trades at a price-to-earnings ratio of 8.8 (as of Aug 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$19.54 is built from several models across several years. Other multiples: P/B 1.0, P/S 2.7, EV/EBITDA 5.2.
How solid is the balance sheet of TravelSky Technology Ltd (0696)?
Balance-sheet figures for TravelSky Technology Ltd (as of Aug 18, 2026): return on equity 10.1%, debt of 0.02 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 0696 from its 52-week high?
TravelSky Technology Ltd trades at HK$8.70, about 35% below its 52-week high of HK$13.32 and 8% above the low of HK$8.03 (as of Aug 18, 2026). Distance from the high says nothing about value: that is what the fair value of HK$19.54 is for.
Which stocks are comparable to TravelSky Technology Ltd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 TravelSky Technology Ltd stock attractive at the current price?
The data as of Aug 18, 2026: price HK$8.70, calculated fair value HK$19.54 (+125%), Quality Score 66/100, 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 0696 calculated?
We run TravelSky Technology Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$19.54, 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 32.6 % above its aggregate fair value. TravelSky Technology Ltd currently trades 125 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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