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Fujikon Industrial Holdings (0927) Fair Value & Analysis

Technology · HK · Market cap HK$243M

FI Fujikon Industrial Holdings 0927 · HK
PriceHK$0.4600
Fair ValueHK$0.9200
Upside+100.0%
Quality54/100
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Weak Growth
Loss-making · -3.3% net margin
Low debt · generates free cash flow
4.21% dividend yield
Mixed vs. peers (7/12)
Narrow moat 8/100
Evidence: Medium Range HK$0.8100 – HK$1.02 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 2 days ago

Share price −4.2% over the past month.

A solid business, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.8100). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$0.8705 HK$0.4550 Fair Value HK$0.9200 Aug 2017 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$0.4550 – HK$0.8705 · fair‑value band HK$0.8100 – HK$1.02 · the HK$0.4600 price screens below the HK$0.9200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Fujikon Industrial Holdings (0927) currently trades at HK$0.4600, while our model-based Fair Value estimate is HK$0.9200, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Technology 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, Fujikon Industrial Holdings generated revenue of HK$789M at a net margin of -3.3%. Revenue declined 13.3% year over year. It earns a return on equity of 0.7%. The balance sheet holds a net cash position of HK$258M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.8100 (bear case) to HK$1.02 (bull case); at HK$0.4600, 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 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -21% fair-value upside, at 100%, 0927 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$2.38 HK$2.80 HK$3.42 80
Rev-Margin DCF HK$1.54 HK$1.72 HK$1.96 74
ROIC Compounder HK$0.7100 HK$0.7200 HK$0.7300 72
All 13 models by family
DCF Models
FCF DCF HK$2.34 HK$2.78 HK$3.50 38
5Y Revenue Exit HK$1.54 HK$1.67 HK$1.85 39
5Y EBITDA Exit HK$1.76 HK$2.05 HK$2.43 41
10Y Revenue Exit HK$1.91 HK$2.03 HK$2.14 36
10Y EBITDA Exit HK$2.03 HK$2.23 HK$2.43 37
Earnings-Based
EPV HK$0.7100 HK$0.7200 HK$0.7300 59
Multiples
EV/EBIT HK$0.9400 HK$1.04 HK$1.15 53
EV/EBITDA HK$1.35 HK$1.58 HK$1.82 54
EV/Revenue HK$0.8400 HK$0.9300 HK$1.02 43
Asset-Based
NCAV (Graham) HK$0.5300 HK$0.7100 HK$1.06 50
Growth DCF
Growth DCF HK$2.38 HK$2.80 HK$3.42 80
Rev-Margin DCF HK$1.54 HK$1.72 HK$1.96 74
Economic Profit
ROIC Compounder HK$0.7100 HK$0.7200 HK$0.7300 72

Widest divergence: DCF Models (HK$2.05) versus Asset-Based (HK$0.7100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$789M
Revenue growth (YoY) -13.3%
Net margin -3.3%
Return on equity 0.7%
Free cash flow HK$121M FY2025
Operating margin -4.6%
More key figures
EPS (TTM) HK$-0.1300
Dividend yield 4.2%
EPS growth (YoY) -9.3%
Net cash HK$258M FY2026

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 58 · Market factors (momentum, volatility) 29

Profitability 19
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 59
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

Fujikon Industrial Holdings Limited, an investment holding company, designs, manufactures, markets, and trades in electro-acoustic, accessories, and other electronic products in Hong Kong and Mainland China. The company operates through Headsets and Headphones, and Accessories and Components segments.

Full company description

Fujikon Industrial Holdings Limited, an investment holding company, designs, manufactures, markets, and trades in electro-acoustic, accessories, and other electronic products in Hong Kong and Mainland China. The company operates through Headsets and Headphones, and Accessories and Components segments. It offers wireless, active noise cancellation, acoustic, and digital signal processing headphones. The company is also involved manufacturing and trading of packaging materials; property holding; and provision of management services. Fujikon Industrial Holdings Limited was founded in 1982 and is headquartered in Sha Tin, Hong Kong.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Fujikon Industrial Holdings reported revenue of HK$789M in FY2026 versus HK$878M in FY2022, a compound −2.6%/yr. Reported net income was −HK$26.3M in FY2026.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$789M
Latest YoY
−14.7%
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.
−10.1%
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.
−2.4%
Avg. growth/yr (26Y) 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.
+2.4%
Revenue −2.6%/yr
FY22 HK$878M
FY23 HK$1.1B
FY24 HK$993M
FY25 HK$926M
FY26 HK$789M
Net income
FY22 −HK$37.1M
FY23 HK$24.6M
FY24 HK$17.2M
FY25 −HK$36.1M
FY26 −HK$26.3M

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Cite: Fair Value Calculator (2026). "Fujikon Industrial Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0927

Peer Group

Consumer Electronics · 128 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 54 · Above median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 0% · Below median
Net margin (TTM) -3% · Below median
Operating margin (TTM) -5% · Below median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.3× · 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 10
FUTURE 0 · sector 17
PAST 3 · sector 10
HEALTH 100 · sector 97
DIVIDEND 84 · sector 41

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

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $304.91 $172.19 -44%
Samsung Electronics Co 005930 255,500 KRW 163,160 KRW -36%
Sony Group SONYN 366.00 MXN 303.26 MXN -17%
Xiaomi Corporation 1810 HK$25.88 HK$44.26 +71%
LG Electronics Inc 066570 205,000 KRW 98,149 KRW -52%
Sharetronic Data Technology Co 300857 ¥249.80 ¥35.52 -86%
Huaqin Co 603296 ¥79.02 ¥39.69 -50%
Goertek Inc 002241 ¥22.56 ¥21.02 -7%
LG Corp 003550 113,700 KRW 89,984 KRW -21%
Shenzhen Transsion Holdings 688036 ¥56.29 ¥56.82 +1%

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Frequently asked questions

Is Fujikon Industrial Holdings (0927) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.9200 versus a price of HK$0.4600, about +100% (undervalued).
What is the fair value of 0927?
Our model-based fair value for Fujikon Industrial Holdings is HK$0.9200 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.4600.
What is the quality score of 0927?
Fujikon Industrial Holdings has a Quality Score of 54/100. 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 Fujikon Industrial Holdings (0927)?
Fujikon Industrial Holdings reported trailing-twelve-month revenue of about HK$789M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0927?
The net profit margin of Fujikon Industrial Holdings is about -3.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Fujikon Industrial Holdings pay a dividend?
Fujikon Industrial Holdings currently shows a dividend yield of about 4.21% relative to its recent price (as of Aug 13, 2026).

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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