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Minshang Creative Technology Holdings Ltd (1632) Fair Value & Analysis

Technology · HK · Market cap HK$48.6M

MC Minshang Creative Technology Holdings Ltd 1632 · HK
PriceHK$0.0510
Fair ValueHK$0.0352
Upside-31.0%
Quality26/100
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Weak Growth
negative free cash flow
Trails peers (3/8)
Narrow moat 0/100
Evidence: Low Range HK$0.0301 – HK$0.0403 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Below-average quality, and screening another 31% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (HK$0.0403). The favourable scenario is already priced in.
  • Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

HK$0.8100 HK$0.0500 Fair Value HK$0.0352 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$0.0500 – HK$0.8100 · fair‑value band HK$0.0301 – HK$0.0403 · the HK$0.0510 price screens above the HK$0.0352 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Minshang Creative Technology Holdings Ltd (1632) currently trades at HK$0.0510, while our model-based Fair Value estimate is HK$0.0352, implying the stock looks roughly 31.0% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at HK$19.5M. It earns a return on equity of -51.7%. The balance sheet holds a net cash position of HK$21.9M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0301 (bear case) to HK$0.0403 (bull case); at HK$0.0510, the current price sits above 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 73% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -15% fair-value upside, at -31%, 1632 screens richer 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
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1100 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1100 50

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Key figures & financial health

Revenue (TTM) HK$19.5M
Revenue growth (YoY) +241,900%
Net margin -287%
Return on equity -51.7%
Free cash flow −HK$23.5M FY2025
Operating margin -71.5%
More key figures
EPS (TTM) HK$-0.0600
Net cash HK$21.9M FY2025

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

Quality Score breakdown

Overall quality 26/100

Of which business quality 29 · Market factors (momentum, volatility) 20

Profitability 0
Margins and returns on capital today
Quality Growth 5
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

Minshang Creative Technology Holdings Limited, an investment holding company, provides information technology (IT) solutions in Hong Kong and the People's Republic of China. It operates through Trading Business, IT Solution Business, and Renewable energy technology business segments.

Full company description

Minshang Creative Technology Holdings Limited, an investment holding company, provides information technology (IT) solutions in Hong Kong and the People's Republic of China. It operates through Trading Business, IT Solution Business, and Renewable energy technology business segments. The company offers software customization services and designs software-as-a-service (SaaS) systems; digital solutions for industrial upgrading and customer marketing to banks and other financial institutions, and real estate developers, as well as merchants, including retail, food and beverage, lifestyle sectors, etc.; and procures and sells merchandise through e-commerce platforms. It also trades in 3C electronic products, frozen foods, and grain and oil products; engages renewable energy technology business; and provides management services. The company was formerly known as Food Wise Holdings Limited and changed its name to Minshang Creative Technology Holdings Limited in October 2018. The company was founded in 2003 and is headquartered in Hong Kong, Hong Kong. Minshang Creative Technology Holdings Limited is a subsidiary of MSEC Holdings Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Minshang Creative Technology Holdings Ltd reported revenue of HK$191K in FY2025 versus HK$1.6B in FY2021, a compound −89.5%/yr. Reported net income was −HK$56.8M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$191K
Latest YoY
−97.6%
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.
−94.1%
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.
−82.0%
Avg. growth/yr (11Y) 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.
−46.4%
Revenue −89.5%/yr
FY21 HK$1.6B
FY22 HK$910M
FY23 HK$107M
FY24 HK$8.0M
FY25 HK$191K
Net income
FY21 HK$25.6M
FY22 −HK$6.0M
FY23 −HK$1.4M
FY24 −HK$35.8M
FY25 −HK$56.8M

1632 screens 31% overvalued. Compare with TD SYNNEX Corporation →

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Cite: Fair Value Calculator (2026). "Minshang Creative Technology Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1632

Peer Group

Electronics & Computer Distribution · 156 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 29 · Bottom 25%
Fair Value upside −22% · Below median
Return on assets -8% · Bottom 25%
Operating margin (TTM) -72% · Bottom 25%
Revenue growth 241900% · Top 25%

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.32× · Cheaper than median

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 5 · sector 28
FUTURE 100 · sector 64
PAST 0 · sector 34
HEALTH 0 · sector 98
DIVIDEND 0 · sector 55

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.

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10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Shenzhen H&T Intelligent Control Co. 002402 ¥21.59 ¥20.12 -7%
Topco Scientific Co 5434 521.00 TWD 473.70 TWD -9%

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Frequently asked questions

Is Minshang Creative Technology Holdings Ltd (1632) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0352 versus a price of HK$0.0510, about −31% (overvalued).
What is the fair value of 1632?
Our model-based fair value for Minshang Creative Technology Holdings Ltd is HK$0.0352 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0510.
What is the quality score of 1632?
Minshang Creative Technology Holdings Ltd has a Quality Score of 26/100. 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 Minshang Creative Technology Holdings Ltd (1632)?
Minshang Creative Technology Holdings Ltd reported trailing-twelve-month revenue of about HK$19.5M (latest available figure, 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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