VSTECS Holdings Ltd (0856) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of VSTECS Holdings Ltd HK$23.62, price HK$8.88, upside +166.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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VSTECS Holdings Ltd
0856 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$3.10 – HK$12.49 · fair‑value band HK$16.96 – HK$30.29 · the HK$8.88 price screens below the HK$23.62 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
VSTECS Holdings Limited, an investment holding company, develops information technology IT product channel and provides technical solution integration services in North Asia and Southeast Asia. It operates through three segments: Consumer Electronics, Enterprise Systems, and Cloud Computing.
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VSTECS Holdings Limited, an investment holding company, develops information technology IT product channel and provides technical solution integration services in North Asia and Southeast Asia. It operates through three segments: Consumer Electronics, Enterprise Systems, and Cloud Computing. The Consumer Electronics segment offers finished IT products, including computers, mobile phones, drones, smart sports watches, 3D printers, game consoles, etc. Its Enterprise Systems segment provides enterprise system tools, such as middleware, operating systems, Unix/NT servers, databases, and storage equipment for IT infrastructure, as well as IT infrastructure design and implementation, training, maintenance, and support services. The Cloud Computing segment offers cloud computing solutions and services. The company is also involved in electronic settlement business center; distribution of IT products; marketing research and IT services; and supply chain management and warehouse transport services. It serves individuals, small and medium enterprises, large corporations, and government entities through retailers, system integrators, and corporate dealers. The company was formerly known as VST Holdings Limited and changed its name to VSTECS Holdings Limited in June 2017. VSTECS Holdings Limited was founded in 1991 and is headquartered in Central, Hong Kong.
Stock analysis
VSTECS Holdings Ltd (0856) currently trades at HK$8.88, while our model-based Fair Value estimate is HK$23.62, implying the stock looks roughly 62.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$26.81 per share, and 22 of the 24 models we run sit above the HK$8.88 price.
Bear case: the Asset-Based group reads lowest at HK$4.75, and 2 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$16.96 (bear) to HK$30.29 (bull), the price of HK$8.88 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
VSTECS Holdings Ltd reported revenue of HK$97.6B in FY2025 versus HK$78.3B in FY2021, a compound +5.7%/yr. Reported net income was HK$1.4B in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap HK$12.3B (≈ $1.6B) · P/E ratio 9.1 · P/S ratio 0.13 · EPS (TTM) HK$0.9763 · Dividend yield 4.7% · Net margin 1.4% · Return on equity 14.9% · Return on assets (EBIT) 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at 166%, 0856 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 42
Revenue & earnings trend
Growth Forecast
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Compare VSTECS Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Information Technology Services · 471 stocks
Valuation Multiplesvs Information Technology Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $225.51 | $186.56 | −17% |
| Accenture plc ACN | $176.11 | $305.06 | +73% |
| Tata Consultancy Services Limited TCS | ₹2,082 | ₹2,993 | +44% |
| Infosys Limited INFY | ₹1,000 | ₹1,689 | +69% |
| HCL Technologies Limited HCLTECH | ₹1,258 | ₹1,926 | +53% |
| Cognizant Technology Solutions Corporation CTSH | $57.33 | $138.62 | +142% |
| Amadeus IT Group AMS | €53.48 | €65.98 | +23% |
| Broadridge Financial Solutions, Inc BR | $163.77 | $159.88 | −2% |
| Fidelity National Information Services, Inc FIS | $35.41 | $32.72 | −8% |
| CDW Corporation CDW | $135.43 | $165.54 | +22% |
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