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Automated Systems Holdings (0771) Fair Value & Analysis

Technology · HK · Market cap HK$638M

AS Automated Systems Holdings 0771 · HK
PriceHK$0.6900
Fair ValueHK$1.90
Upside+175.4%
Quality50/100
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Expensive Growth
Thin margins · 3.2% net margin
Low debt · negative free cash flow
4.00% dividend yield
Ranks above peers (8/13)
Narrow moat 22/100
Evidence: High Range HK$1.90 – HK$1.90 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 2 days ago

Share price −5.5% over the past month.

A solid business, screening 175% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$1.90). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$1.44 HK$0.4513 Fair Value HK$1.90 Oct 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$0.4513 – HK$1.44 · the HK$0.6900 price screens below the HK$1.90 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Automated Systems Holdings (0771) currently trades at HK$0.6900, while our model-based Fair Value estimate is HK$1.90, implying the stock looks roughly 175.4% undervalued today. The Quality Score stands at 50/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Automated Systems Holdings generated revenue of HK$2.6B at a net margin of 3.2%. Revenue grew 10.9% year over year. It earns a return on equity of 3.6%. The balance sheet holds a net cash position of HK$300M. Fundamentals as of Aug 13, 2026

The share trades about 35% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 175%, 0771 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$1.93 HK$1.85 HK$1.49 76
ROIC Compounder HK$0.9200 HK$0.9900 HK$1.05 72
Growth-Adj P/E HK$1.60 HK$2.28 HK$2.97 68
All 15 models by family
DCF Models
Owner Earnings HK$1.47 HK$1.90 HK$2.46 31
Earnings-Based
Graham-Dodd HK$0.6700 HK$1.83 HK$2.41 54
Lynch FV HK$0.3600 HK$0.5200 HK$0.6800 50
PEG = 1.0 HK$0.3600 HK$0.5200 HK$0.6800 46
EPV HK$0.9200 HK$0.9900 HK$1.05 59
Multiples
P/E Multiple HK$2.06 HK$2.75 HK$3.44 63
P/S Multiple HK$1.25 HK$1.67 HK$2.09 58
P/B Multiple HK$1.25 HK$1.67 HK$2.09 55
EV/EBIT HK$1.96 HK$2.48 HK$3.00 53
EV/EBITDA HK$2.03 HK$2.58 HK$3.13 54
EV/Revenue HK$1.18 HK$1.52 HK$1.86 43
Asset-Based
NCAV (Graham) HK$1.40 HK$1.87 HK$2.80 50
Economic Profit
Residual Income HK$1.93 HK$1.85 HK$1.49 76
ROIC Compounder HK$0.9200 HK$0.9900 HK$1.05 72
Growth Earnings
Growth-Adj P/E HK$1.60 HK$2.28 HK$2.97 68

Widest divergence: Growth Earnings (HK$2.28) versus Earnings-Based (HK$0.5200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$2.6B
Revenue growth (YoY) +10.9%
Net margin 3.2%
Return on equity 3.6%
Free cash flow −HK$62.7M FY2025
P/E ratio 7.6 as of Jul 2, 2026
More key figures
Operating margin 2.6%
EPS (TTM) HK$0.0500
Dividend yield 4.0%
EPS growth (YoY) -63.9%
Net cash HK$300M FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 34

Profitability 30
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 72
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

Automated Systems Holdings Limited, an investment holding company, provides information technology (IT) services to corporate customers in Hong Kong, the United States, Europe, Singapore, Mainland China, Macau, Australia, Malaysia, Thailand, and Taiwan. It operates in two segments, IT Products and IT Services.

Full company description

Automated Systems Holdings Limited, an investment holding company, provides information technology (IT) services to corporate customers in Hong Kong, the United States, Europe, Singapore, Mainland China, Macau, Australia, Malaysia, Thailand, and Taiwan. It operates in two segments, IT Products and IT Services. The company offers IT and associated products; systems integration solutions; software and consulting services; engineering support services for its products and solutions; and managed services. It also provides hardware services, including installation and maintenance; and software services, such as software development, consulting, and professional services. In addition, the company engages in the sale of computer products and solutions, property holding, international trade, fund investment, and treasury management activities. The company was founded in 1973 and is headquartered in Sha Tin, Hong Kong. Automated Systems Holdings Limited operates as a subsidiary of Teamsun Technology (HK) Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Automated Systems Holdings reported revenue of HK$2.6B in FY2025 versus HK$2.0B in FY2021, a compound +6.2%/yr. Reported net income was HK$82.4M in FY2025, compounding +111.3%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$2.6B
Latest YoY
+9.8%
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.
+5.6%
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.
+5.5%
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.
+3.4%
Revenue +6.2%/yr
FY21 HK$2.0B
FY22 HK$2.2B
FY23 HK$2.4B
FY24 HK$2.4B
FY25 HK$2.6B
Net income +111.3%/yr
FY21 HK$4.1M
FY22 HK$102M
FY23 HK$131M
FY24 HK$149M
FY25 HK$82.4M
Character of growth · EPS growth decomposed (2015-2025) +13.5 % p.a.
Revenue per share −0.6 pp

of which total revenue +5.8 pp · buybacks/dilution −6.4 pp

EBIT margin +6.1 pp
Tax rate +2.1 pp
Residual (interest, one-offs) +5.9 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). "Automated Systems Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0771

Peer Group

Information Technology Services · 487 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 50 · Below median
Fair Value upside +175% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 11% · Above median
Dividend yield (TTM) 4.0% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 7.6× · Cheaper than 75% of peers
P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper than 75% of peers
EV/EBITDA 3.3× · 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 100 · sector 33
FUTURE 55 · sector 31
PAST 14 · sector 35
HEALTH 100 · sector 97
DIVIDEND 80 · sector 40

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

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is Automated Systems Holdings (0771) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.90 versus a price of HK$0.6900, about +175% (undervalued).
What is the fair value of 0771?
Our model-based fair value for Automated Systems Holdings is HK$1.90 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.6900.
What is the quality score of 0771?
Automated Systems Holdings has a Quality Score of 50/100. 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 Automated Systems Holdings (0771)?
Automated Systems Holdings reported trailing-twelve-month revenue of about HK$2.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0771?
The net profit margin of Automated Systems Holdings is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does Automated Systems Holdings pay a dividend?
Automated Systems Holdings currently shows a dividend yield of about 4.00% 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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