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Comtec Solar Systems Group (0712) Fair Value & Analysis

Technology · HK · Market cap HK$71.0M

CS Comtec Solar Systems Group 0712 · HK
PriceHK$0.0600
Fair ValueHK$0.0856
Upside+42.7%
Quality22/100
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Expensive Growth
Loss-making · -28.7% net margin
Negative equity (buybacks among others) · negative free cash flow
Ranks above peers (7/11)
Narrow moat 0/100
Evidence: Low Range HK$0.0608 – HK$0.1104 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0815 to HK$0.0856 (+5.0%) since Aug 5, 2026. Share price +9.1% over the past month.

Below-average quality, screening 43% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (22/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$0.0608 to HK$0.1104) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.8200 HK$0.0550 Fair Value HK$0.0856 Feb 2021 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$0.0550 – HK$0.8200 · fair‑value band HK$0.0608 – HK$0.1104 · the HK$0.0600 price screens below the HK$0.0856 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Comtec Solar Systems Group (0712) currently trades at HK$0.0600, while our model-based Fair Value estimate is HK$0.0856, implying the stock looks roughly 42.7% undervalued today. The Quality Score stands at 22/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Comtec Solar Systems Group generated revenue of HK$221M at a net margin of -28.7%. Revenue declined 4.6% year over year. Net debt stands at HK$172M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0608 (bear case) to HK$0.1104 (bull case); at HK$0.0600, the current price sits below 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 68% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at 43%, 0712 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
Gordon GGM HK$0.0500 HK$0.0800 HK$0.1100 70
DDM Multi-Stage HK$0.0500 HK$0.0700 HK$0.0900 61
All 2 models by family
Dividend Discount
Gordon GGM HK$0.0500 HK$0.0800 HK$0.1100 70
DDM Multi-Stage HK$0.0500 HK$0.0700 HK$0.0900 61

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Key figures & financial health

Revenue (TTM) HK$221M
Revenue growth (YoY) -4.6%
Net margin -28.7%
Free cash flow −HK$59.4M FY2025
Operating margin -34.7%
EPS (TTM) HK$-0.0200
More key figures
Net debt HK$172M FY2025

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

Quality Score breakdown

Overall quality 22/100

Of which business quality 23 · Market factors (momentum, volatility) 15

Profitability 11
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 28
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

Comtec Solar Systems Group Limited, together with its subsidiaries, engages in the research, design, development, manufacturing, marketing, and sale of semiconductor wafers in the People's Republic of China and Hong Kong. The company operates in two segments, Solar and Power Storage, and Logistics Services.

Full company description

Comtec Solar Systems Group Limited, together with its subsidiaries, engages in the research, design, development, manufacturing, marketing, and sale of semiconductor wafers in the People's Republic of China and Hong Kong. The company operates in two segments, Solar and Power Storage, and Logistics Services. It offers mono-crystalline, power storage, and lithium battery products, as well as solar grade products, including pseudo square bricks, wafers, and polysilicon. The company also provides consulting services for investment, development, construction, and operation of solar photovoltaic power stations; and logistics services to factories, manufacturers, and raw material providers. In addition, it is involved in the provision of sourcing, invoicing, and support services. The company was founded in 1999 and is headquartered in Changzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Comtec Solar Systems Group reported revenue of HK$221M in FY2025 versus HK$54.8M in FY2021, a compound +41.7%/yr. Reported net income was −HK$63.6M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$221M
Latest YoY
+35.6%
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.
+81.3%
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.
+32.1%
Avg. growth/yr (19Y) 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.
+2.6%
Revenue +41.7%/yr
FY21 HK$54.8M
FY22 HK$37.1M
FY23 HK$145M
FY24 HK$163M
FY25 HK$221M
Net income
FY21 −HK$53.2M
FY22 −HK$55.8M
FY23 HK$44.5M
FY24 −HK$48.4M
FY25 −HK$63.6M

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Cite: Fair Value Calculator (2026). "Comtec Solar Systems Group Fair Value". https://www.fairvalue-calculator.com/stock/0712

Peer Group

Solar · 115 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 23 · Bottom 25%
Fair Value upside +50% · Top 25%
Return on assets -8% · Bottom 25%
Net margin (TTM) -29% · Bottom 25%
Operating margin (TTM) -35% · Bottom 25%
Revenue growth -5% · Above median
Dividend yield (TTM) 10.6% · Top 25%

Valuation Multiples vs Solar median · lower = cheaper

P/S (TTM) 0.04× · Cheaper than 75% of peers
PEG 0.71× · 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 100 · sector 23
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 100 · sector 85
DIVIDEND 100 · sector 30

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Solar stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $240.91 $392.12 +63%
Nextpower Inc NXT $103.67 $69.61 -33%
Waaree Energies Limited WAAREEENER ₹2,668 ₹2,709 +2%
Tongwei Co 600438 ¥12.89 ¥12.13 -6%
Jinko Solar Co 688223 ¥4.52 ¥6.47 +43%
Enphase Energy, Inc ENPH $40.77 $24.15 -41%
CSI Solar Co 688472 ¥10.28 ¥6.76 -34%
Hengdian Group 002056 ¥22.35 ¥31.86 +43%
Premier Energies Limited PREMIERENE ₹1,017 ₹648.94 -36%
Trina Solar Co 688599 ¥13.64 ¥7.97 -42%

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Frequently asked questions

Is Comtec Solar Systems Group (0712) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0856 versus a price of HK$0.0600, about +43% (undervalued).
What is the fair value of 0712?
Our model-based fair value for Comtec Solar Systems Group is HK$0.0856 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0600.
What is the quality score of 0712?
Comtec Solar Systems Group has a Quality Score of 22/100. 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 Comtec Solar Systems Group (0712)?
Comtec Solar Systems Group reported trailing-twelve-month revenue of about HK$221M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0712?
The net profit margin of Comtec Solar Systems Group is about -28.7%, meaning it is currently running at a net loss. 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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