S.A.S. Dragon Holdings Ltd (1184) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of S.A.S. Dragon Holdings Ltd HK$23.26, price HK$8.02, upside +190.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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S.A.S. Dragon Holdings Ltd
1184 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
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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 Oct 1, 2026.
How to read this chart
60‑month range HK$1.22 – HK$8.98 · fair‑value band HK$16.86 – HK$28.73 · the HK$8.02 price screens below the HK$23.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 1, 2026.
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Company profile
S.A.S. Dragon Holdings Limited, an investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.
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S.A.S. Dragon Holdings Limited, an investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally. It focuses on the design, development, sourcing, quality assurance, and logistics management of electronic components and semiconductors products, including chipset solutions, display panels, memory chips, light-emitting diode (LED) lighting solutions, power supply system solutions, multimedia system solutions, PEMCO, IoT home automation solutions, and other premier solutions. The company also offers ancillary services, contract works of LED lighting, and display products, as well as distributes business equipment. In addition, it invests in commercial and industrial properties. The company provides lifestyle products under the SHARP, Light in Motion, and LIM InfraSystems brand names. It serves semiconductor suppliers and electronics manufacturing services providers, original equipment manufacturers, original design manufacturers, valued-added resellers, retailers, and end customers. S.A.S. Dragon Holdings Limited was founded in 1981 and is based in Kwai Chung, Hong Kong.
Stock analysis
S.A.S. Dragon Holdings Ltd (1184) currently trades at HK$8.02, while our model-based Fair Value estimate is HK$23.26, implying the stock looks roughly 65.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$31.45 per share, and 22 of the 24 models we run sit above the HK$8.02 price.
Bear case: the Asset-Based group reads lowest at HK$3.41, and 2 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$16.86 (bear) to HK$28.73 (bull), the price of HK$8.02 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 Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
S.A.S. Dragon Holdings Ltd reported revenue of HK$30.5B in FY2025 versus HK$35.3B in FY2021, a compound −3.6%/yr. Reported net income was HK$557M in FY2025, compounding −6.0%/yr from FY2021.
Key figures
Market cap HK$5.0B (≈ $640M) · P/E ratio 4.5 · P/S ratio 0.08 · Dividend yield 8.1% · Net margin 1.8% · Return on equity 36.7% · Return on assets (EBIT) 10.4% · Operating margin 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 90% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 190%, 1184 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 85
Revenue & earnings trend
Growth Forecast
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Compare S.A.S. Dragon Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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.Electronics & Computer Distribution · 157 stocks
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate.
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|---|---|---|---|
| TD SYNNEX Corporation SNX | $271.76 | $293.13 | +8% |
| Unisplendour Corporation 000938 | ¥33.40 | ¥18.06 | −46% |
| Rexel S.A RXL | €36.31 | €33.33 | −8% |
| Arrow Electronics, Inc ARW | $242.01 | $106.00 | −56% |
| Avnet, Inc AVT | $103.08 | $55.73 | −46% |
| WPG Holdings 3702 | 117.50 TWD | 144.03 TWD | +23% |
| Synnex Technology International Corporation 2347 | 94.50 TWD | 86.30 TWD | −9% |
| Insight Enterprises, Inc NSIT | $159.03 | $140.05 | −12% |
| Shenzhen Huaqiang Industry Co 000062 | ¥21.32 | ¥7.52 | −65% |
| Topco Scientific Co 5434 | 542.00 TWD | 472.85 TWD | −13% |
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Key figures of S.A.S. Dragon Holdings Ltd
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