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Modern Healthcare Technology Holdings (0919) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$80.5M

MH Modern Healthcare Technology Holdings 0919 · HK
PriceHK$0.0770
Fair ValueHK$0.2179
Upside+183.0%
Quality64/100
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Weak Growth
Thin margins · 3.9% net margin
Low debt · generates free cash flow
Ranks above peers (10/12)
Narrow moat 37/100
Evidence: Medium Range HK$0.2102 – HK$0.2179 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.2299 to HK$0.2179 (−5.2%) since Aug 5, 2026. Share price −4.9% over the past month.

A solid business, screening 183% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.2102). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The models converge in a tight band (HK$0.2102 to HK$0.2179), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$0.3600 HK$0.0620 Fair Value HK$0.2179 Mar 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$0.0620 – HK$0.3600 · fair‑value band HK$0.2102 – HK$0.2179 · the HK$0.0770 price screens below the HK$0.2179 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Modern Healthcare Technology Holdings (0919) currently trades at HK$0.0770, while our model-based Fair Value estimate is HK$0.2179, implying the stock looks roughly 183.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Modern Healthcare Technology Holdings generated revenue of HK$454M at a net margin of 3.9%. Revenue declined 0.7% year over year. It earns a return on equity of 9.6%. The balance sheet holds a net cash position of HK$154M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2102 (bear case) to HK$0.2179 (bull case); at HK$0.0770, 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 33% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at 183%, 0919 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$1.35 HK$1.61 HK$2.00 80
Rev-Margin DCF HK$0.7700 HK$0.8400 HK$0.9500 74
ROIC Compounder HK$0.2500 HK$0.2600 HK$0.2600 72
All 14 models by family
DCF Models
FCF DCF HK$1.32 HK$1.60 HK$2.05 38
Owner Earnings HK$0.6800 HK$0.7900 HK$0.9800 31
5Y Revenue Exit HK$0.7700 HK$0.8100 HK$0.8700 39
5Y EBITDA Exit HK$1.11 HK$1.39 HK$1.77 41
10Y Revenue Exit HK$1.03 HK$1.08 HK$1.12 36
10Y EBITDA Exit HK$1.20 HK$1.39 HK$1.58 37
Earnings-Based
EPV HK$0.2500 HK$0.2600 HK$0.2600 59
Multiples
EV/EBIT HK$0.2800 HK$0.2900 HK$0.3000 53
EV/EBITDA HK$1.02 HK$1.28 HK$1.54 54
EV/Revenue HK$0.2700 HK$0.2800 HK$0.2900 43
Asset-Based
NCAV (Graham) HK$0.1000 HK$0.1400 HK$0.2100 50
Growth DCF
Growth DCF HK$1.35 HK$1.61 HK$2.00 80
Rev-Margin DCF HK$0.7700 HK$0.8400 HK$0.9500 74
Economic Profit
ROIC Compounder HK$0.2500 HK$0.2600 HK$0.2600 72

Widest divergence: DCF Models (HK$1.08) versus Asset-Based (HK$0.1400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$454M
Revenue growth (YoY) -0.7%
Net margin 3.9%
Return on equity 9.6%
Free cash flow HK$135M FY2025
P/E ratio 3.9
More key figures
Operating margin 9.2%
EPS (TTM) HK$0.0200
EPS growth (YoY) -41.5%
Net cash HK$154M FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 32

Profitability 28
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
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

Modern Healthcare Technology Holdings Limited, an investment holding company, provides beauty and wellness services in Hong Kong, Mainland China, Singapore, and Australia. The company operates in two segments, Beauty and Wellness Services, and Skincare and Wellness Products.

Full company description

Modern Healthcare Technology Holdings Limited, an investment holding company, provides beauty and wellness services in Hong Kong, Mainland China, Singapore, and Australia. The company operates in two segments, Beauty and Wellness Services, and Skincare and Wellness Products. It offers beauty and facial services; aesthetics services, such as skincare treatment, professional consultation, skin care and anti-ageing, and referral services on plastic reconstruction; slimming services, including weight management programs; spa and massage services comprising resplendent bathroom furnishings and a hydrotherapeutic pool, as well as foot spa, and foot treatment and massage services; and haircare and removal, make-up, joint and intimate care, and body check and genetic test services. The company also sells skincare and wellness products under the be, FERRECARE, p.e.n, Y.U.E., Advanced Natural, Malu Wilz, Byotea, Care Plus, Mu-lan Spa, Cellnoc, Veribel, Castille, Dr Plus, IconX, Eclat du teint, and Natural Care brand names. In addition, it provides sub-franchising services in relation to beautification and gymnastic services; beauty and wellness treatment training program; property holding services; food and beverage services; fund management services; advertising services; maid agency services; licensing services; and management services, as well as holds property leases. The company was formerly known as Modern Beauty Salon Holdings Limited and changed its name to Modern Healthcare Technology Holdings Limited. The company was incorporated in 2005 and is headquartered in Kowloon Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Modern Healthcare Technology Holdings reported revenue of HK$453M in FY2025 versus HK$431M in FY2021, a compound +1.2%/yr. Reported net income was −HK$5.1M in FY2025.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$453M
Latest YoY
−0.3%
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.
+8.4%
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.
−2.8%
Avg. growth/yr (22Y) 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.
+1.4%
Revenue +1.2%/yr
FY21 HK$431M
FY22 HK$356M
FY23 HK$406M
FY24 HK$455M
FY25 HK$453M
Net income
FY21 HK$126M
FY22 −HK$68.8M
FY23 −HK$20.6M
FY24 −HK$9.6M
FY25 −HK$5.1M

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Cite: Fair Value Calculator (2026). "Modern Healthcare Technology Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0919

Peer Group

Personal Services · 43 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 64 · Above median
Fair Value upside +186% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth -1% · Below median

Valuation Multiples vs Personal Services median · lower = cheaper

P/E (TTM) 3.9× · Cheaper than 75% of peers
P/B 0.43× · Cheaper than 75% of peers
P/S (TTM) 0.18× · Cheaper than 75% of peers
P/FCF 0.1× · 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 17
FUTURE 0 · sector 27
PAST 39 · sector 29
HEALTH 100 · sector 98
DIVIDEND 0 · sector 82

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

Stock Price Fair Value vs Fair Value
Rollins, Inc ROL $36.52 $21.11 -42%
Service Corporation SCI $84.40 $38.27 -55%
Frontdoor, Inc FTDR $85.51 $73.81 -14%
H&R Block, Inc HRB $54.18 $78.30 +45%
Bright Horizons Family Solutions Inc BFAM $71.52 $62.41 -13%
Fu Shou Yuan International Group 1448 HK$2.64 HK$4.20 +59%
Lungyen Life Service Corporation 5530 49.35 TWD 31.33 TWD -37%
Carriage Services, Inc CSV $33.69 $27.81 -17%
Musti Group MUSTI €15.05 €14.08 -6%
Uniao Pet Participacoes S.A AUAU3 R$3.32 R$1.20 -64%

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Frequently asked questions

Is Modern Healthcare Technology Holdings (0919) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2179 versus a price of HK$0.0770, about +183% (undervalued).
What is the fair value of 0919?
Our model-based fair value for Modern Healthcare Technology Holdings is HK$0.2179 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0770.
What is the quality score of 0919?
Modern Healthcare Technology Holdings has a Quality Score of 64/100. 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 Modern Healthcare Technology Holdings (0919)?
Modern Healthcare Technology Holdings reported trailing-twelve-month revenue of about HK$454M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0919?
The net profit margin of Modern Healthcare Technology Holdings is about 3.9%, meaning it keeps roughly 3.9% 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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