Value Convergence Holdings (0821) Fair Value & Analysis
Financial Services · HK · Market cap HK$95.5M
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 2 days ago
Fair value updated Aug 13, 2026, revised from HK$0.5600 to HK$0.5400 (−3.6%) since Aug 5, 2026. Share price −3.5% over the past month.
Below-average quality, screening 96% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (HK$0.3580). 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.
- A fairly wide model range (HK$0.3580 to HK$0.6750) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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$0.2285 – HK$5.01 · fair‑value band HK$0.3580 – HK$0.6750 · the HK$0.2750 price screens below the HK$0.5400 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Value Convergence Holdings (0821) currently trades at HK$0.2750, while our model-based Fair Value estimate is HK$0.5400, implying the stock looks roughly 96.4% undervalued today. The Quality Score stands at 31/100 (below-average quality), in the Financial Services 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.
Trailing-twelve-month revenue stands at HK$55.9M. Revenue declined 10.7% year over year. It earns a return on equity of -16.9%. The balance sheet holds a net cash position of HK$59.1M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.3580 (bear case) to HK$0.6750 (bull case); at HK$0.2750, 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 60% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -22% fair-value upside, at 96%, 0821 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 22
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
Value Convergence Holdings Limited, together with its subsidiaries, provides financial services in Hong Kong. It operates through six segments: Brokerage and Financing; Corporate Finance and Other Advisory Services; Asset Management; Insurance Brokerage; Proprietary Trading; and Property Investment.
Full company description
Value Convergence Holdings Limited, together with its subsidiaries, provides financial services in Hong Kong. It operates through six segments: Brokerage and Financing; Corporate Finance and Other Advisory Services; Asset Management; Insurance Brokerage; Proprietary Trading; and Property Investment. The company offers securities broking and dealing, margin financing and money lending, placing and underwriting, derivatives trading and structured products, and research services; corporate financial advisory and company secretarial services; and asset management services. It also engages in insurance brokerage services; trading of equity securities, debt securities, and other financial products; and rental of investment property, as well as corporate and management services. The company was formerly known as iAsia Technology Limited and changed its name to Value Convergence Holdings Limited in February 2003. Value Convergence Holdings Limited was founded in 1986 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
Value Convergence Holdings reported revenue of HK$49.7M in FY2025 versus HK$89.8M in FY2021, a compound −13.7%/yr. Reported net income was −HK$62.6M in FY2025.
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Peer Group
Capital Markets · 426 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.
Valuation Multiples vs Capital Markets median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Mirae Asset Securities Co 006800 | 38,050 KRW | 18,009 KRW | -53% |
| Meritz Financial Group 138040 | 118,600 KRW | 52,717 KRW | -56% |
| Korea Investment Holdings 071050 | 200,500 KRW | 189,335 KRW | -6% |
| NH Investment & Securities Co 005940 | 28,550 KRW | 22,396 KRW | -22% |
| Samsung Securities Co 016360 | 93,100 KRW | 75,573 KRW | -19% |
| Kiwoom Securities Co 039490 | 299,000 KRW | 214,812 KRW | -28% |
| SSI Securities Corporation SSI | 25,300 VND | 17,375 VND | -31% |
| Bolsas y Mercados Argentinos S.A BYMA | 313.75 ARS | 294.30 ARS | -6% |
| Daishin Securities Co 003540 | 26,950 KRW | 48,790 KRW | +81% |
| SK Securities Co 001515 | 4,285 KRW | 1,395 KRW | -67% |
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Frequently asked questions
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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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