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HNA Technology Investments Holdings Ltd (2086) Fair Value & Analysis

Industrials · HK · Market cap HK$158M

HT HNA Technology Investments Holdings Ltd 2086 · HK
PriceHK$0.5200
Fair ValueHK$0.1500
Upside-71.2%
Quality56/100
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Weak Growth
Loss-making · -5.6% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 4/100
Evidence: Low Range HK$0.1300 – HK$0.1800 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.1300 to HK$0.1500 (+15.4%) since Aug 5, 2026. Share price +14.3% over the past month.

A solid business, but screening 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1800). 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 (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$1.85 HK$0.3500 Fair Value HK$0.1500 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$0.3500 – HK$1.85 · fair‑value band HK$0.1300 – HK$0.1800 · the HK$0.5200 price screens above the HK$0.1500 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HNA Technology Investments Holdings Ltd (2086) currently trades at HK$0.5200, while our model-based Fair Value estimate is HK$0.1500, implying the stock looks roughly 71.2% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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).

Over the trailing twelve months, HNA Technology Investments Holdings Ltd generated revenue of HK$91.5M at a net margin of -5.6%. Revenue declined 4.5% year over year. It earns a return on equity of -8.5%. The balance sheet holds a net cash position of HK$16.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1300 (bear case) to HK$0.1800 (bull case); at HK$0.5200, 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 25% below its 52-week high and 70% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at -71%, 2086 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
EV/EBITDA HK$0.1400 HK$0.1600 HK$0.1900 54
NCAV (Graham) HK$0.0900 HK$0.1200 HK$0.1800 50
Owner Earnings HK$0.0800 HK$0.0800 HK$0.0900 31
All 3 models by family
DCF Models
Owner Earnings HK$0.0800 HK$0.0800 HK$0.0900 31
Multiples
EV/EBITDA HK$0.1400 HK$0.1600 HK$0.1900 54
Asset-Based
NCAV (Graham) HK$0.0900 HK$0.1200 HK$0.1800 50

Widest divergence: Multiples (HK$0.1600) versus DCF Models (HK$0.0800). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) HK$91.5M
Revenue growth (YoY) -4.5%
Net margin -5.6%
Return on equity -8.5%
Free cash flow −HK$62.0K FY2025
Operating margin 1.1%
More key figures
EPS (TTM) HK$-0.0200
EPS growth (YoY) -93.1%
Net cash HK$16.4M FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 47

Profitability 38
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 82
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

Leadway Technology Investment Group Limited, an investment holding company, develops, sells, and distributes smart card products, software, and hardware in Europe, the Asia Pacific, the Americas, the Middle East, and Africa. It provides smart card-related services.

Full company description

Leadway Technology Investment Group Limited, an investment holding company, develops, sells, and distributes smart card products, software, and hardware in Europe, the Asia Pacific, the Americas, the Middle East, and Africa. It provides smart card-related services. The company also engages in financial technology and smart living business; and provision of management services. The company was formerly known as HNA Technology Investments Holdings Limited and changed its name to Leadway Technology Investment Group Limited in July 2022. The company was founded in 1995 and is headquartered in Kowloon Bay, Hong Kong. Leadway Technology Investment Group Limited operates as a subsidiary of Leadway Development Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HNA Technology Investments Holdings Ltd reported revenue of HK$91.5M in FY2025 versus HK$98.1M in FY2021, a compound −1.7%/yr. Reported net income was −HK$5.1M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$91.5M
Latest YoY
−8.8%
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.
−1.0%
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.
−4.1%
Avg. growth/yr (23Y) 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.
+5.3%
Revenue −1.7%/yr
FY21 HK$98.1M
FY22 HK$94.2M
FY23 HK$79.2M
FY24 HK$100M
FY25 HK$91.5M
Net income
FY21 −HK$21.3M
FY22 HK$1.1M
FY23 −HK$19.2M
FY24 HK$3.7M
FY25 −HK$5.1M

2086 screens 71% overvalued. Compare with ASSA ABLOY AB →

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Cite: Fair Value Calculator (2026). "HNA Technology Investments Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2086

Peer Group

Security & Protection Services · 112 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 56 · Above median
Fair Value upside −71% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -5% · Bottom 25%

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 0.22× · Cheaper than 75% of peers

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.

Similar stocks

10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 360.50 kr 269.97 -25%
Verisure plc VSURE €9.33 €12.40 +33%
Allegion plc ALLE $166.11 $127.80 -23%
Securitas AB SECUB kr 147.90 kr 186.34 +26%
Zhejiang Dahua Technology Co 002236 ¥16.46 ¥31.47 +91%
MSA Safety Incorporated MSA $192.04 $116.42 -39%
ADT Inc ADT $7.31 $16.68 +128%
The Brink's Company BCO $113.96 $121.18 +6%
Brady Corporation BRC $95.12 $72.32 -24%
The GEO Group GEO $31.45 $25.50 -19%

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Frequently asked questions

Is HNA Technology Investments Holdings Ltd (2086) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1500 versus a price of HK$0.5200, about −71% (overvalued).
What is the fair value of 2086?
Our model-based fair value for HNA Technology Investments Holdings Ltd is HK$0.1500 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.5200.
What is the quality score of 2086?
HNA Technology Investments Holdings Ltd has a Quality Score of 56/100. 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 HNA Technology Investments Holdings Ltd (2086)?
HNA Technology Investments Holdings Ltd reported trailing-twelve-month revenue of about HK$91.5M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2086?
The net profit margin of HNA Technology Investments Holdings Ltd is about -5.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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