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Harbour Digital Asset Capital Ltd (0913) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Harbour Digital Asset Capital Ltd stock HK$0.24, price HK$0.12, upside +100.0%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services HK · ISIN KYG4289D1088

HD Harbour Digital Asset Capital Ltd logo Thin data Nov 14, 2026

Harbour Digital Asset Capital Ltd

0913 · HK

Cheap (50% below fair value) and solid company, but falling price: meets 2 of 3 rules.

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Fair value HK$0.2360 · Strongly undervalued 
Quality 65/100 
Highly profitable · 95.9% net margin (FY2025) 
Low debt 
Generates free cash flow 
Ranks above peers (10/11) 
Wide moat 91/100
Costs just 0.3 times its yearly profit. 
Falling price (downtrend) 
Weak Growth 
Thin data 
⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$1.11 HK$0.1030 Fair Value HK$0.2360 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.

How to read this chart

60‑month range HK$0.1030 – HK$1.11 · fair‑value band HK$0.1310 – HK$0.4020 · the HK$0.1180 price screens below the HK$0.2360 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 14, 2026.

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Company profile

Unity Investments Holdings, Ltd. and its subsidiaries engage primarily in investment holding in listed and unlisted companies. The firm invests in both listed and unlisted companies, and the current core portfolio comprises of mainly small to medium sized listed companies.

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It invests in a wide array of industries and sectors like securities investment companies and companies engaging in the businesses of infrastructure, manufacturing, trading, information technologies, media, energy, property investment and securities investment.

Unity Investments Holdings, Ltd. is based in Hong Kong.

Stock analysis

Harbour Digital Asset Capital Ltd (0913) currently trades at HK$0.1180, while our model-based Fair Value estimate is HK$0.2360, implying the stock looks roughly 50% undervalued today.

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Valuation

How firm this estimate is: it rests on 10 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: HK$0.1310 (bear) to HK$0.4020 (bull), the price of HK$0.1180 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 65/100 (solid quality), in the Financial Services sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Harbour Digital Asset Capital Ltd reported revenue of HK$154M in FY2025 versus −HK$14.4M in FY2021. Reported net income was HK$147M in FY2025.

Key figures

Market cap HK$41.9M (≈ $5.3M) Micro · P/E ratio 0.3 · P/S ratio 0.30 · Net margin 95.9% · Return on equity 56.3% · Return on assets (EBIT) −2.9% (5-year average) · Operating margin 69.0% · Revenue growth (YoY) −5.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 91 out of 100 (medium confidence).

What moves the price

The share trades about 61% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 100%, 0913 screens cheaper than that median.

Fair Value models

Bear HK$0.1310 Fair Value HK$0.2360 Bull HK$0.4020
Price HK$0.1180 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Growth DCF HK$3.84 HK$6.90 HK$11.75 73
Rev-Margin DCF HK$1.70 HK$2.43 HK$3.93 69
5Y P/E Exit HK$3.88 HK$8.43 HK$14.60 65
All 10 models by family
DCF Models
5Y P/E Exit HK$3.88 HK$8.43 HK$14.60 65
10Y P/E Exit HK$3.99 HK$8.51 HK$15.85 58
Earnings-Based
Graham-Dodd HK$2.56 HK$17.85 HK$25.06 61
Lynch FV HK$9.22 HK$13.18 HK$17.13 59
Multiples
P/E Multiple HK$3.67 HK$4.89 HK$6.12 63
P/B Multiple HK$0.4700 HK$0.6300 HK$0.7900 55
Asset-Based
NCAV (Graham) HK$0.4600 HK$0.7000 HK$0.8700 55
Growth DCF
Growth DCF HK$3.84 HK$6.90 HK$11.75 73
Rev-Margin DCF HK$1.70 HK$2.43 HK$3.93 69
Economic Profit
Residual Income HK$2.21 HK$3.74 HK$10.34 58

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Quality Score breakdown

Overall quality 65/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 83
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 72
Do the profits arrive as real cash?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 14
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 33/100
Revenue growth is weak, negative or inconsistent.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
18.5% (2000) → 96.7% (2025)

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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.Asset Management · 634 stocks

Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 65 · Above median
Fair Value upside +100.0% · Top 25%
Profitability
Return on equity (12 months) 56.3% · Top 25%
Return on assets 45.7% · Top 25%
Net margin (12 months) 95.9% · Top 25%
Operating margin (12 months) 69.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) −5.8% · Below median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (12 months) 0.3× · Cheapest 25%
P/S (12 months) 0.12× · Cheapest 25%
Price / free cash flow (fiscal year) 0.1× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 38
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)100 · sector 21
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 75

Context: sector, industry, market

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Raymond James Financial, Inc RJF $168.64 $281.42 +67% vs 0913
Apollo Global Management, Inc APO $123.47 $197.52 +60% vs 0913
Ameriprise Financial, Inc AMP $519.43 $639.69 +23% vs 0913
Exor N.V EXO €73.45 €75.65 +3% vs 0913
State Street Corporation STT $173.45 $166.70 −4% vs 0913
Northern Trust Corporation NTRS $178.24 $133.48 −25% vs 0913
Ares Management Corporation ARES $134.61 $99.35 −26% vs 0913
Blackstone Inc BX $120.19 $52.29 −56% vs 0913
Brookfield Corporation BN $40.97 $13.43 −67% vs 0913
KKR & Co KKR $98.05 $27.63 −72% vs 0913

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Harbour Digital Asset Capital Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Harbour Digital Asset Capital Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0913

Frequently asked questions

Is Harbour Digital Asset Capital Ltd (0913) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of HK$0.2360 versus a price of HK$0.1180, about +100% upside (undervalued).
What is the fair value of 0913?
Our model-based fair value for Harbour Digital Asset Capital Ltd is HK$0.2360 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$0.1180.
What is the quality score of 0913?
Harbour Digital Asset Capital Ltd has a Quality Score of 65/100. 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 price target for Harbour Digital Asset Capital Ltd (0913)?
Our model-based price target is the fair value of HK$0.2360 (as of Nov 14, 2026) from 10 valuation models. Cautious scenario HK$0.1310, optimistic scenario HK$0.4020. It is a calculation from audited fundamentals, not an analyst target.
What is the Harbour Digital Asset Capital Ltd stock forecast for 2026?
Our models put fair value at HK$0.2360, about +100% upside versus a price of HK$0.1180 (undervalued). Cautious scenario HK$0.1310, optimistic scenario HK$0.4020. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Harbour Digital Asset Capital Ltd (0913)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Harbour Digital Asset Capital Ltd it is HK$0.2360 per share (as of Nov 14, 2026), against a price of HK$0.1180. It is the blended result of 10 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Harbour Digital Asset Capital Ltd stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 0913 trades below its calculated fair value: price HK$0.1180, fair value HK$0.2360, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0913?
No. The price is what the market pays today (HK$0.1180); the fair value is what the company's own numbers justify (HK$0.2360). For Harbour Digital Asset Capital Ltd the two are HK$0.1180 per share apart. That gap is exactly why we show both numbers side by side.
How much is Harbour Digital Asset Capital Ltd worth?
The market values Harbour Digital Asset Capital Ltd at about HK$41.9M (market capitalisation, as of Nov 14, 2026). Per share that is HK$0.1180; our models calculate a fair value of HK$0.2360 per share.
What do the bullish and bearish scenarios say about 0913?
Our models span a range for Harbour Digital Asset Capital Ltd: cautious scenario HK$0.1310, base HK$0.2360, optimistic HK$0.4020 per share (as of Nov 14, 2026, price HK$0.1180). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0913?
Harbour Digital Asset Capital Ltd trades at a price-to-earnings ratio of 0.3 (as of Nov 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.2360 is built from several models across several years. Other multiples: P/S 0.1.
How solid is the balance sheet of Harbour Digital Asset Capital Ltd (0913)?
Balance-sheet figures for Harbour Digital Asset Capital Ltd (as of Nov 14, 2026): return on equity 56.3%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 0913 from its 52-week high?
Harbour Digital Asset Capital Ltd trades at HK$0.1180, about 61% below its 52-week high of HK$0.2990 and 15% above the low of HK$0.1030 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2360 is for.
Which stocks are comparable to Harbour Digital Asset Capital Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Harbour Digital Asset Capital Ltd stock attractive at the current price?
The data as of Nov 14, 2026: price HK$0.1180, calculated fair value HK$0.2360 (+100%), Quality Score 65/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0913 calculated?
We run Harbour Digital Asset Capital Ltd through 10 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of HK$0.2360 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Harbour Digital Asset Capital Ltd currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Harbour Digital Asset Capital Ltd (0913)?
The closing price on Nov 13, 2026 was HK$0.1180. Our model-based fair value is HK$0.2360, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Harbour Digital Asset Capital Ltd right now?
The price is below even our cautious bear case (HK$0.1310). The market is more pessimistic than our downside scenario. The model range is unusually wide (HK$0.1310 to HK$0.4020). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (65/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Harbour Digital Asset Capital Ltd

How large is the market capitalisation of Harbour Digital Asset Capital Ltd (0913)?
The market capitalisation of Harbour Digital Asset Capital Ltd is HK$41.9M (≈ $5.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Harbour Digital Asset Capital Ltd (0913)?
The price-to-sales ratio of Harbour Digital Asset Capital Ltd is 0.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Harbour Digital Asset Capital Ltd (0913)?
The net margin of Harbour Digital Asset Capital Ltd is 95.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Harbour Digital Asset Capital Ltd (0913)?
The return on equity (ROE) of Harbour Digital Asset Capital Ltd is 56.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Harbour Digital Asset Capital Ltd (0913)?
On an EBIT basis the return on assets of Harbour Digital Asset Capital Ltd is −2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Harbour Digital Asset Capital Ltd (0913)?
The operating margin of Harbour Digital Asset Capital Ltd is 69.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Harbour Digital Asset Capital Ltd (0913)?
Revenue at Harbour Digital Asset Capital Ltd is growing −5.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Harbour Digital Asset Capital Ltd (0913) generate?
The free cash flow of Harbour Digital Asset Capital Ltd is HK$39.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Harbour Digital Asset Capital Ltd (0913) hold?
Harbour Digital Asset Capital Ltd holds more cash than debt, HK$10.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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