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Man Yue Technology Holdings (0894) Fair Value & Analysis

Technology · HK · Market cap HK$2.5B

MY Man Yue Technology Holdings 0894 · HK
PriceHK$1.74
Fair ValueHK$0.9400
Upside-45.8%
Quality49/100
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Weak Growth
Thin margins · 0.4% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 28/100
Evidence: Medium Range HK$0.5500 – HK$1.18 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated today

Fair value updated Aug 13, 2026, revised from HK$0.0700 to HK$0.9400 (+1,242.9%) since Aug 7, 2026. Share price −42.2% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$1.18). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.5500 to HK$1.18) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$8.20 HK$0.2717 Fair Value HK$0.9400 Aug 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$0.2717 – HK$8.20 · fair‑value band HK$0.5500 – HK$1.18 · the HK$1.74 price screens above the HK$0.9400 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Man Yue Technology Holdings (0894) currently trades at HK$1.74, while our model-based Fair Value estimate is HK$0.9400, implying the stock looks roughly 45.8% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Man Yue Technology Holdings generated revenue of HK$1.6B at a net margin of 0.4%. Revenue grew 4.7% year over year. It earns a return on equity of 0.1%. Net debt stands at HK$971M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.5500 (bear case) to HK$1.18 (bull case); at HK$1.74, the current price sits above 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 80% below its 52-week high and 363% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -46%, 0894 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (HK$0.0100 to HK$1.75). Read the values as a conservative anchor, not as a price target.
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$0.6900 HK$0.6200 HK$0.4200 76
ROIC Compounder HK$0.3300 HK$0.3700 HK$0.4000 72
Growth-Adj P/E HK$0.0700 HK$0.0900 HK$0.1200 68
All 13 models by family
Earnings-Based
Graham-Dodd HK$0.0300 HK$0.0600 HK$0.0800 54
PEG = 1.0 HK$0.0100 HK$0.0100 HK$0.0200 46
EPV HK$0.3300 HK$0.3700 HK$0.4000 59
Multiples
P/E Multiple HK$0.0900 HK$0.1200 HK$0.1500 63
P/S Multiple HK$0.0500 HK$0.0700 HK$0.0900 58
P/B Multiple HK$0.0500 HK$0.0700 HK$0.0900 55
EV/EBIT HK$0.8100 HK$1.06 HK$1.30 53
EV/EBITDA HK$1.33 HK$1.75 HK$2.17 54
EV/Revenue HK$0.4500 HK$0.6100 HK$0.7700 43
Asset-Based
NCAV (Graham) HK$0.5200 HK$0.7000 HK$1.04 50
Economic Profit
Residual Income HK$0.6900 HK$0.6200 HK$0.4200 76
ROIC Compounder HK$0.3300 HK$0.3700 HK$0.4000 72
Growth Earnings
Growth-Adj P/E HK$0.0700 HK$0.0900 HK$0.1200 68

Widest divergence: Asset-Based (HK$0.7000) versus Earnings-Based (HK$0.0600). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$1.6B
Revenue growth (YoY) +4.7%
Net margin 0.4%
Return on equity 0.1%
Free cash flow −HK$61.7M FY2025
P/E ratio 529.0 as of Jul 2, 2026
More key figures
Operating margin 4.5%
EPS (TTM) HK$0.0100
EPS growth (YoY) -64.0%
Net debt HK$971M FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 46 · Market factors (momentum, volatility) 71

Profitability 19
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 80
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

Man Yue Technology Holdings Limited, an investment holding company, manufactures and trades in technology electronic components and raw materials.

Full company description

Man Yue Technology Holdings Limited, an investment holding company, manufactures and trades in technology electronic components and raw materials. The company offers aluminum electrolytic capacitors; conductive polymer aluminum solid capacitors; and other electronic components for information technology, telecommunications, electrical, and electronic brands, as well as electric double layer capacitors, MLPC, power film, and module. It also manufactures, processes, and sells electronic components, chemical materials, and raw materials; and trades in equity investments. The company sells its products under the SAMXON and X-CON brands. It operates in Hong Kong, Mainland China, Taiwan, Southeast Asia, Korea, the United States, Europe, and internationally. The company was formerly known as Man Yue International Holdings Limited and changed its name to Man Yue Technology Holdings Limited in January 2011. Man Yue Technology Holdings Limited was founded in 1979 and is headquartered in Sheung Wan, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Man Yue Technology Holdings reported revenue of HK$1.6B in FY2025 versus HK$2.1B in FY2021, a compound −5.8%/yr. Reported net income was HK$6.3M in FY2025, compounding −46.5%/yr from FY2021.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$1.6B
Latest YoY
+2.3%
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.
−3.7%
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.
+0.6%
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.
+6.5%
Revenue −5.8%/yr
FY21 HK$2.1B
FY22 HK$1.8B
FY23 HK$1.5B
FY24 HK$1.6B
FY25 HK$1.6B
Net income −46.5%/yr
FY21 HK$76.5M
FY22 HK$42.7M
FY23 HK$4.1M
FY24 HK$7.8M
FY25 HK$6.3M

0894 screens 46% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Man Yue Technology Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0894

Peer Group

Electronic Components · 647 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 49 · Below median
Fair Value upside −46% · Below median
Return on equity (TTM) 0% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 5% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 529.0× · Pricier than 75% of peers
P/B 1.67× · Cheaper than median
P/S (TTM) 1.54× · Cheaper than median
EV/EBITDA 18.7× · 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 0 · sector 0
FUTURE 24 · sector 36
PAST 1 · sector 24
HEALTH 97 · sector 95
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Man Yue Technology Holdings (0894) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.9400 versus a price of HK$1.74, about −46% (overvalued).
What is the fair value of 0894?
Our model-based fair value for Man Yue Technology Holdings is HK$0.9400 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.74.
What is the quality score of 0894?
Man Yue Technology Holdings has a Quality Score of 49/100. 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 Man Yue Technology Holdings (0894)?
Man Yue Technology Holdings reported trailing-twelve-month revenue of about HK$1.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0894?
The net profit margin of Man Yue Technology Holdings is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. 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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