VCREDIT Holdings Ltd (2003) Fair Value & Analysis
Financial Services · HK · Market cap HK$442M
Fair value as of: Aug 13, 2026
From 4 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$0.6190 to HK$0.6236 (+0.7%) since Aug 5, 2026.
A solid business, but screening 30% overvalued on our models.
What matters now
- The model range is unusually wide (HK$0.3573 to HK$1.04). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
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$0.8600 – HK$4.72 · fair‑value band HK$0.3573 – HK$1.04 · the HK$0.8900 price screens above the HK$0.6236 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
VCREDIT Holdings Ltd (2003) currently trades at HK$0.8900, while our model-based Fair Value estimate is HK$0.6236, implying the stock looks roughly 29.9% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services 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: medium).
Over the trailing twelve months, VCREDIT Holdings Ltd generated revenue of HK$1.9B at a net margin of -29.2%. Revenue declined 89.6% year over year. It earns a return on equity of -13.1%. Net debt stands at HK$965M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.3573 (bear case) to HK$1.04 (bull case); at HK$0.8900, the current price sits within 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 76% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at -30%, 2003 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.
All 4 models by family
Widest divergence: Growth DCF (HK$108.67) versus Dividend Discount (HK$2.94). Highest evidence: Growth DCF (80).
Notify me when 2003 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 21
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
VCREDIT Holdings Limited, an investment holding company, provides technology-driven consumer financial services to prime and near-prime borrowers in the People's Republic of China and Hong Kong. The company offers credit card balance transfer and consumption credit products.
Full company description
VCREDIT Holdings Limited, an investment holding company, provides technology-driven consumer financial services to prime and near-prime borrowers in the People's Republic of China and Hong Kong. The company offers credit card balance transfer and consumption credit products. It also provides money lending, business process outsourcing, loan facilitation, microcredit, technology, guarantee, consulting, asset management, advertising agency, cross-border agency, and other financial services. The company was formerly known as Vision Capital Group Limited and changed its name to VCREDIT Holdings Limited in February 2018. VCREDIT Holdings Limited was founded in 2006 and is headquartered in Hong Kong, Hong Kong.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
VCREDIT Holdings Ltd reported revenue of HK$1.9B in FY2025 versus HK$3.0B in FY2021, a compound −10.4%/yr. Reported net income was −HK$560M in FY2025.
2003 screens 30% overvalued. Compare with Visa Inc →
Peer Group
Credit Services · 333 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.
Valuation Multiples vs Credit Services median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Visa Inc V | $359.42 | $198.27 | -45% |
| Mastercard Incorporated MA | $561.44 | $221.87 | -60% |
| Bajaj Finance Limited BAJFINANCE | ₹1,094 | ₹397.61 | -64% |
| Shriram Finance Limited SHRIRAMFIN | ₹1,117 | ₹553.83 | -50% |
| Cholamandalam Investment and Finance Company CHOLAFIN | ₹1,918 | ₹796.52 | -58% |
| Tata Capital Limited TATACAP | ₹367.05 | ₹149.40 | -59% |
| Power Finance Corporation PFC | ₹376.50 | ₹615.85 | +64% |
| Muthoot Finance Limited MUTHOOTFIN | ₹2,876 | ₹3,429 | +19% |
| Indian Railway Finance Corporation IRFC | ₹88.35 | ₹69.72 | -21% |
| REC Limited RECLTD | ₹346.00 | ₹692.00 | +100% |
Compare VCREDIT Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is VCREDIT Holdings Ltd (2003) overvalued or undervalued?
What is the fair value of 2003?
What is the quality score of 2003?
What is the revenue of VCREDIT Holdings Ltd (2003)?
What is the net profit margin of 2003?
Does VCREDIT Holdings Ltd pay a dividend?
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.
Track VCREDIT Holdings Ltd and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.