Hong Kong Television Network Ltd (1137) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Hong Kong Television Network Ltd HK$5.52, price HK$0.99, upside +460.4%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 24, 2026.
How to read this chart
60‑month range HK$0.9600 – HK$9.82 · fair‑value band HK$3.41 – HK$9.53 · the HK$0.9850 price screens below the HK$5.52 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Hong Kong Technology Venture Company Limited, together with its subsidiaries, engages in the e-commerce and technology businesses in Hong Kong. The company operates through two segments, Hong Kong Ecommerce Business; and New Ventures and Technology Business.
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Hong Kong Technology Venture Company Limited, together with its subsidiaries, engages in the e-commerce and technology businesses in Hong Kong. The company operates through two segments, Hong Kong Ecommerce Business; and New Ventures and Technology Business. The company is involved in end-to-end online shopping mall operation, including fulfilment and logistics; multimedia production and other related services; research and development activities on new business models and technologies; and provision of technology solutions to its e-commerce business or external customers for online shopping operations. It also engages in property investment; automated retail store business; and research and development activities on automated retail stores and systems. In addition, the company offers software design services; warehouse management and fulfilment services; and logistics and delivery services. The company was formerly known as Hong Kong Television Network Limited and changed its name to Hong Kong Technology Venture Company Limited in July 2021. Hong Kong Technology Venture Company Limited was incorporated in 1992 and is headquartered in Tseung Kwan O, Hong Kong.
Stock analysis
Hong Kong Television Network Ltd (1137) currently trades at HK$0.9850, while our model-based Fair Value estimate is HK$5.52, implying the stock looks roughly 82.2% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$4.95 per share, and 11 of the 11 models we run sit above the HK$0.9850 price.
Bear case: the Asset-Based group reads lowest at HK$1.22, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$3.41 (bear) to HK$9.53 (bull), the price of HK$0.9850 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 59/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hong Kong Television Network Ltd reported revenue of HK$3.9B in FY2025 versus HK$3.1B in FY2021, a compound +5.4%/yr. Reported net income was −HK$150M in FY2025.
Key figures
Market cap HK$855M (≈ $109M) · P/S ratio 0.22 · EPS (TTM) HK$−0.0300 · Net margin −3.9% · Return on equity −9.0% · Return on assets (EBIT) 2.1% · Operating margin −4.1% · Revenue (TTM) HK$3.9B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 460%, 1137 screens cheaper than that median.
Fair Value models
Bear HK$3.41Fair Value HK$5.52Bull HK$9.53
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.
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.35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Start year 2020 (pandemic). Over 10 years: +42.4% a year
Revenue growth 27 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
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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.
−23.5% (2019) → −1.2% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−27.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −29.2% a year for the price.
Compare Hong Kong Television Network Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Internet Retail · 97 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets−2.4% · Bottom 25%
Net margin (TTM)−3.9% · Bottom 25%
Operating margin (TTM)−4.1% · Bottom 25%
Growth and dividend
Revenue growth1.3% · Bottom 25%
Valuation Multiplesvs Internet Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hong Kong Television Network Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1137
Frequently asked questions
Is Hong Kong Television Network Ltd (1137) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$5.52 versus a price of HK$0.9850, about +460% upside (undervalued).
What is the fair value of 1137?
Our model-based fair value for Hong Kong Television Network Ltd is HK$5.52 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.9850.
What is the quality score of 1137?
Hong Kong Television Network Ltd has a Quality Score of 59/100. 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 Hong Kong Television Network Ltd (1137)?
Our model-based price target is the fair value of HK$5.52 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario HK$3.41, optimistic scenario HK$9.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Hong Kong Television Network Ltd stock forecast for 2026?
Our models put fair value at HK$5.52, about +460% upside versus a price of HK$0.9850 (undervalued). Cautious scenario HK$3.41, optimistic scenario HK$9.53. The calculation is refreshed regularly with new filings.
What is the revenue of Hong Kong Television Network Ltd (1137)?
Hong Kong Television Network Ltd reported trailing-twelve-month revenue of about HK$3.9B (latest available figure, as of Sep 24, 2026).
What growth is priced into Hong Kong Television Network Ltd (1137)?
For today's price to be fair in a discounted-cash-flow model, Hong Kong Television Network Ltd would have to grow free cash flow by -27.7 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1137 use?
Our models discount Hong Kong Television Network Ltd at 12.5 %: a base by market capitalisation (micro), damped by beta 0.76, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hong Kong Television Network Ltd that is -27.7 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Hong Kong Television Network Ltd (1137) delivered so far?
Over the past 5 years revenue at Hong Kong Television Network Ltd grew +6.0 % a year. The price currently implies -27.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hong Kong Television Network Ltd (1137) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Hong Kong Television Network Ltd (-27.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hong Kong Television Network Ltd (1137)?
The free-cash-flow yield on the price is 23.41 %: that much free cash flow Hong Kong Television Network Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hong Kong Television Network Ltd (1137)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Kong Television Network Ltd it is HK$5.52 per share (as of Sep 24, 2026), against a price of HK$0.9850. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Hong Kong Television Network Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1137 trades below its calculated fair value: price HK$0.9850, fair value HK$5.52, a gap of about +460% (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 1137?
No. The price is what the market pays today (HK$0.9850); the fair value is what the company's own numbers justify (HK$5.52). For Hong Kong Television Network Ltd the two are HK$4.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hong Kong Television Network Ltd worth?
The market values Hong Kong Television Network Ltd at about HK$855M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.9850; our models calculate a fair value of HK$5.52 per share.
What do the bullish and bearish scenarios say about 1137?
Our models span a range for Hong Kong Television Network Ltd: cautious scenario HK$3.41, base HK$5.52, optimistic HK$9.53 per share (as of Sep 24, 2026, price HK$0.9850). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 1137?
The PEG ratio of Hong Kong Television Network Ltd is 0.09 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hong Kong Television Network Ltd (1137)?
Balance-sheet figures for Hong Kong Television Network Ltd (as of Sep 24, 2026): return on equity −9.0%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 1137 from its 52-week high?
Hong Kong Television Network Ltd trades at HK$0.9850, about 36% below its 52-week high of HK$1.53 and 3% above the low of HK$0.9600 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$5.52 is for.
Which stocks are comparable to Hong Kong Television Network Ltd?
From the same area (Consumer Cyclical) we also value Amazon.com, Inc, Alibaba Group, MercadoLibre, Inc, Prosus N.V, 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 Hong Kong Television Network Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$0.9850, calculated fair value HK$5.52 (+460%), Quality Score 59/100, from 11 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 1137 calculated?
We run Hong Kong Television Network Ltd through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$5.52, 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 14.5 % above its aggregate fair value. Hong Kong Television Network Ltd currently trades 82 % 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 Hong Kong Television Network Ltd (1137)?
The closing price on Oct 2, 2026 was HK$0.9850. Our model-based fair value is HK$5.52, about +460% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hong Kong Television Network Ltd right now?
The price is below even our cautious bear case (HK$3.41). The market is more pessimistic than our downside scenario. The model range is unusually wide (HK$3.41 to HK$9.53). 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 (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hong Kong Television Network Ltd
How large is the market capitalisation of Hong Kong Television Network Ltd (1137)?
The market capitalisation of Hong Kong Television Network Ltd is HK$855M (≈ $109M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hong Kong Television Network Ltd (1137)?
The price-to-sales ratio of Hong Kong Television Network Ltd is 0.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hong Kong Television Network Ltd (1137)?
Earnings per share at Hong Kong Television Network Ltd are HK$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hong Kong Television Network Ltd (1137)?
The net margin of Hong Kong Television Network Ltd is −3.9% (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 Hong Kong Television Network Ltd (1137)?
The return on equity (ROE) of Hong Kong Television Network Ltd is −9.0% (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 Hong Kong Television Network Ltd (1137)?
On an EBIT basis the return on assets of Hong Kong Television Network Ltd is 2.1% (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 Hong Kong Television Network Ltd (1137)?
The operating margin of Hong Kong Television Network Ltd is −4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hong Kong Television Network Ltd (1137)?
Revenue at Hong Kong Television Network Ltd is growing +1.3% versus a year earlier (3y avg +0.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hong Kong Television Network Ltd (1137)?
Earnings per share at Hong Kong Television Network Ltd are growing −61.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hong Kong Television Network Ltd (1137) carry?
The net debt of Hong Kong Television Network Ltd is HK$42.6M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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