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Hi Sun Technology (China) Limited (0818) Fair Value & Analysis

Technology · HK · Market cap HK$1.2B

HS Hi Sun Technology (China) Limited 0818 · HK
PriceHK$0.3250
Fair ValueHK$0.5364
Upside+65.1%
Quality57/100
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Weak Growth
Loss-making · -5.7% net margin
generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 3/100
Evidence: Low Range HK$0.4401 – HK$0.6327 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.3757 to HK$0.5364 (+42.8%) since Aug 5, 2026. Share price −12.2% over the past month.

A solid business, screening 65% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.4401). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (57/100) 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$1.88 HK$0.2850 Fair Value HK$0.5364 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$0.2850 – HK$1.88 · fair‑value band HK$0.4401 – HK$0.6327 · the HK$0.3250 price screens below the HK$0.5364 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hi Sun Technology (China) Limited (0818) currently trades at HK$0.3250, while our model-based Fair Value estimate is HK$0.5364, implying the stock looks roughly 65.1% undervalued today. The Quality Score stands at 57/100 (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: low), always confirm before acting.

Over the trailing twelve months, Hi Sun Technology (China) Limited generated revenue of HK$2.1B at a net margin of -5.7%. Revenue declined 0.5% year over year. It earns a return on equity of -1.9%. The balance sheet holds a net cash position of HK$7.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.4401 (bear case) to HK$0.6327 (bull case); at HK$0.3250, 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 55% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at 65%, 0818 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$7.06 HK$8.90 HK$11.25 72
Rev-Margin DCF HK$5.97 HK$7.58 HK$9.40 67
NCAV (Graham) HK$1.36 HK$1.83 HK$2.73 50
All 7 models by family
DCF Models
FCF DCF HK$7.05 HK$9.21 HK$12.17 38
5Y Revenue Exit HK$5.97 HK$7.63 HK$9.72 39
10Y Revenue Exit HK$6.29 HK$7.84 HK$9.90 36
Multiples
EV/Revenue HK$5.39 HK$6.56 HK$7.73 43
Asset-Based
NCAV (Graham) HK$1.36 HK$1.83 HK$2.73 50
Growth DCF
Growth DCF HK$7.06 HK$8.90 HK$11.25 72
Rev-Margin DCF HK$5.97 HK$7.58 HK$9.40 67

Widest divergence: DCF Models (HK$7.84) versus Asset-Based (HK$1.83). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) HK$2.1B
Revenue growth (YoY) -0.5%
Net margin -5.7%
Return on equity -1.9%
Free cash flow HK$1.2B FY2025
Operating margin -13.5%
More key figures
EPS (TTM) HK$-0.0400
EPS growth (YoY) +5.2%
Net cash HK$7.1B FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 62 · Market factors (momentum, volatility) 25

Profitability 8
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 90
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

Hi Sun Technology (China) Limited, an investment holding company, provides payment and digital services, fintech services, and platform operation and financial solutions in Hong Kong, Mainland China, and internationally.

Full company description

Hi Sun Technology (China) Limited, an investment holding company, provides payment and digital services, fintech services, and platform operation and financial solutions in Hong Kong, Mainland China, and internationally. The company operates through four segments: Payment and Digital Services; Fintech Services; Platform Operation Solutions; Financial Solutions; and Others. The Payment and Digital Services segment offers payment processing, SAAS catering, and related digital products and solutions. Its Fintech Services segment provides supply chain financing, factoring business, credit assessment services and related products and solutions. The Platform Operation Solutions segment offers telecommunication and mobile payment platform operation services, as well as operation value-added services. Its Financial Solutions segment provides information system consultancy, integration, and operation services, as well as information technology products to financial institutions and banks. The company 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

Hi Sun Technology (China) Limited reported revenue of HK$2.1B in FY2025 versus HK$4.2B in FY2021, a compound −15.6%/yr. Reported net income was −HK$122M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$2.1B
Latest YoY
−9.5%
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.
−14.9%
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.
−11.2%
Avg. growth/yr (25Y) 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.
+14.2%
Revenue −15.6%/yr
FY21 HK$4.2B
FY22 HK$3.4B
FY23 HK$2.7B
FY24 HK$2.3B
FY25 HK$2.1B
Net income
FY21 HK$3.5B
FY22 HK$510M
FY23 HK$463M
FY24 HK$158M
FY25 −HK$122M

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Cite: Fair Value Calculator (2026). "Hi Sun Technology (China) Limited Fair Value". https://www.fairvalue-calculator.com/stock/0818

Peer Group

Software - Infrastructure · 370 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 57 · Above median
Fair Value upside +66% · Top 25%
Return on assets -2% · Below median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -14% · Bottom 25%
Revenue growth -1% · Bottom 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 0.34× · 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 0
FUTURE 0 · sector 49
PAST 0 · sector 14
HEALTH 0 · sector 99
DIVIDEND 0 · sector 29

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

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $506.06 $365.74 -28%
Oracle Corporation ORAC C$7.22 C$2.34 -68%
Fortinet, Inc FTNT $160.84 $61.46 -62%
Synopsys, Inc 1SNPS €358.00 €93.61 -74%
Block, Inc XYZ A$111.01 A$70.69 -36%
Range Intelligent Computing Technology Group 300442 ¥67.70 ¥30.89 -54%
Oracle Financial Services Software Limited OFSS ₹11,679 ₹6,897 -41%
360 Security Technology Inc 601360 ¥9.58 ¥1.05 -89%
One97 Communications Limited PAYTM ₹1,610 ₹241.68 -85%
PT GoTo Gojek Tokopedia Tbk GOTO 50.00 IDR 20.41 IDR -59%

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Frequently asked questions

Is Hi Sun Technology (China) Limited (0818) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.5364 versus a price of HK$0.3250, about +65% (undervalued).
What is the fair value of 0818?
Our model-based fair value for Hi Sun Technology (China) Limited is HK$0.5364 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3250.
What is the quality score of 0818?
Hi Sun Technology (China) Limited has a Quality Score of 57/100. 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 Hi Sun Technology (China) Limited (0818)?
Hi Sun Technology (China) Limited reported trailing-twelve-month revenue of about HK$2.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0818?
The net profit margin of Hi Sun Technology (China) Limited is about -5.7%, 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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