Boardware Intelligence Tech (1204) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Boardware Intelligence Tech HK$0.39, price HK$1.80, upside -78.3%, quality 57 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 27, 2026.
How to read this chart
50‑month range HK$0.9000 – HK$4.63 · fair‑value band HK$0.3400 – HK$0.4300 · the HK$1.80 price screens above the HK$0.3900 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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BoardWare Intelligence Technology Limited provides enterprise IT solutions in Macau, Hong Kong, the People's Republic of China, and internationally. It offers professional IT services, network configuration, assessment of system specifications and requirements, procurement and delivery of hardware and software, and installation of equipment and software.
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BoardWare Intelligence Technology Limited provides enterprise IT solutions in Macau, Hong Kong, the People's Republic of China, and internationally. It offers professional IT services, network configuration, assessment of system specifications and requirements, procurement and delivery of hardware and software, and installation of equipment and software. The company also provides managed services, such as leasing IT equipment to its customers under finance lease arrangements; security monitoring services to protect customers' information and data security; and network operating environment solutions. In addition, it distributes, sells, and resells various packaged IT hardware and software products and solutions; offers IT maintenance and consultancy services comprising on-site support and technical support services for the customers, and post sales maintenance, support and software development services. Further, the company is involved in research and development activities; and provision of IT solution services consists of procurement and integration services. The company was founded in 2010 and is headquartered in Macau, Macau. BoardWare Intelligence Technology Limited operates as a subsidiary of Tai Wah (BVI) Holdings Limited.
Stock analysis
Boardware Intelligence Tech (1204) currently trades at HK$1.80, while our model-based Fair Value estimate is HK$0.3900, 78.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$0.4600 per share, and 0 of the 10 models we run sit above the HK$1.80 price.
Bear case: the Earnings-Based group reads lowest at HK$0.1500, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.3400 (bear) to HK$0.4300 (bull), the price of HK$1.80 sits above 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 57/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Boardware Intelligence Tech reported revenue of HK$734M in FY2025 versus HK$534M in FY2021, a compound +8.3%/yr. Reported net income was HK$8.1M in FY2025, compounding −23.7%/yr from FY2021.
Key figures
Market cap HK$1.1B (≈ $136M) · P/E ratio 107.0 · P/S ratio 1.19 · Net margin 1.1% · Return on equity 2.4% · Return on assets (EBIT) 1.0% · Operating margin 0.0% · Revenue (TTM) HK$734M.
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 29% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −78%, 1204 screens richer than that median.
Fair Value models
Bear HK$0.3400Fair Value HK$0.3900Bull HK$0.4300
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.47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.3%
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.
+8.1%
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.
+9.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
+8.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−45.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−45.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.7% → 0%
2025 sits 150% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Boardware Intelligence Tech with another stock
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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.Information Technology Services · 471 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−78.3% · Bottom 25%
Profitability
Return on equity (TTM)2.4% · Below median
Return on assets−0.3% · Bottom 25%
Net margin (TTM)1.1% · Below median
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth25.0% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (TTM)107.0× · Priciest 25%
P/B3.10× · Pricier than median
P/S (TTM)1.46× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 44
FUTURE (revenue growth)100· sector 32
PAST (return on equity)10· sector 37
HEALTH (low debt)99· sector 97
DIVIDEND (yield)0· sector 43
VALUE 0: the price sits above our fair-value range.
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.
Is Boardware Intelligence Tech (1204) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.3900 versus a price of HK$1.80, about −78% upside (overvalued).
What is the fair value of 1204?
Our model-based fair value for Boardware Intelligence Tech is HK$0.3900 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$1.80.
What is the quality score of 1204?
Boardware Intelligence Tech has a Quality Score of 57/100. 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 Boardware Intelligence Tech (1204)?
Our model-based price target is the fair value of HK$0.3900 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario HK$0.3400, optimistic scenario HK$0.4300. It is a calculation from audited fundamentals, not an analyst target.
What is the Boardware Intelligence Tech stock forecast for 2026?
Our models put fair value at HK$0.3900, about −78% upside versus a price of HK$1.80 (overvalued). Cautious scenario HK$0.3400, optimistic scenario HK$0.4300. The calculation is refreshed regularly with new filings.
What is the revenue of Boardware Intelligence Tech (1204)?
Boardware Intelligence Tech reported trailing-twelve-month revenue of about HK$734M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Boardware Intelligence Tech (1204)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Boardware Intelligence Tech it is HK$0.3900 per share (as of Sep 27, 2026), against a price of HK$1.80. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Boardware Intelligence Tech stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1204 trades above its calculated fair value: price HK$1.80, fair value HK$0.3900, a gap of about −78% (overvalued). 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 1204?
No. The price is what the market pays today (HK$1.80); the fair value is what the company's own numbers justify (HK$0.3900). For Boardware Intelligence Tech the two are HK$1.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is Boardware Intelligence Tech worth?
The market values Boardware Intelligence Tech at about HK$1.1B (market capitalisation, as of Sep 27, 2026). Per share that is HK$1.80; our models calculate a fair value of HK$0.3900 per share.
What do the bullish and bearish scenarios say about 1204?
Our models span a range for Boardware Intelligence Tech: cautious scenario HK$0.3400, base HK$0.3900, optimistic HK$0.4300 per share (as of Sep 27, 2026, price HK$1.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1204?
Boardware Intelligence Tech trades at a price-to-earnings ratio of 107.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.3900 is built from several models across several years. Other multiples: P/B 3.1, P/S 1.5.
How solid is the balance sheet of Boardware Intelligence Tech (1204)?
Balance-sheet figures for Boardware Intelligence Tech (as of Sep 27, 2026): return on equity 2.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 1204 from its 52-week high?
Boardware Intelligence Tech trades at HK$1.80, about 29% below its 52-week high of HK$2.54 and 35% above the low of HK$1.33 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.3900 is for.
Which stocks are comparable to Boardware Intelligence Tech?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Boardware Intelligence Tech stock attractive at the current price?
The data as of Sep 27, 2026: price HK$1.80, calculated fair value HK$0.3900 (−78%), Quality Score 57/100, 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 1204 calculated?
We run Boardware Intelligence Tech through 10 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$0.3900, 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 14.9 % above its aggregate fair value. Boardware Intelligence Tech itself currently trades above fair value. 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 Boardware Intelligence Tech (1204)?
The closing price on Sep 29, 2026 was HK$1.80. Our model-based fair value is HK$0.3900, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Boardware Intelligence Tech right now?
The price sits above even our optimistic bull case (HK$0.4300). The favourable scenario is already priced in. 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 but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Boardware Intelligence Tech
How large is the market capitalisation of Boardware Intelligence Tech (1204)?
The market capitalisation of Boardware Intelligence Tech is HK$1.1B (≈ $136M). 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 Boardware Intelligence Tech (1204)?
The price-to-sales ratio of Boardware Intelligence Tech is 1.19 (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 Boardware Intelligence Tech (1204)?
The net margin of Boardware Intelligence Tech is 1.1% (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 Boardware Intelligence Tech (1204)?
The return on equity (ROE) of Boardware Intelligence Tech is 2.4% (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 Boardware Intelligence Tech (1204)?
On an EBIT basis the return on assets of Boardware Intelligence Tech is 1.0% (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 Boardware Intelligence Tech (1204)?
The operating margin of Boardware Intelligence Tech is 0.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Boardware Intelligence Tech (1204)?
Revenue at Boardware Intelligence Tech is growing +25.0% versus a year earlier (3y avg +8.1%). 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 Boardware Intelligence Tech (1204)?
Earnings per share at Boardware Intelligence Tech are growing −24.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Boardware Intelligence Tech (1204) generate?
The free cash flow of Boardware Intelligence Tech is −HK$20.5M (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 Boardware Intelligence Tech (1204) hold?
Boardware Intelligence Tech holds more cash than debt, HK$37.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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