LX Technology Group Ltd (2436) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of LX Technology Group Ltd HK$11.68, price HK$20.40, upside -42.8%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch LX Technology Group Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
46‑month range HK$1.84 – HK$26.00 · fair‑value band HK$8.16 – HK$15.21 · the HK$20.40 price screens above the HK$11.68 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Follow LX Technology Group in your weekly email
Every Wednesday you see whether LX Technology Group is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
LX Technology Group Limited provides device lifecycle management solutions primarily in the People's Republic of China and Hong Kong. It operates through two segments: Device Recycling Business and Device Subscription Services segments.
Show more
LX Technology Group Limited provides device lifecycle management solutions primarily in the People's Republic of China and Hong Kong. It operates through two segments: Device Recycling Business and Device Subscription Services segments. The company is refurbished de-commissioned information technology (IT) devices to resellers of IT devices through proprietary quotation platform; tailor-made short-term and long-term device subscription services; and IT technical subscription services primarily coupled with device subscription services. LX Technology Group Limited was founded in 2004 and is headquartered in Shenzhen, the People's Republic of China.
Stock analysis
LX Technology Group Ltd (2436) currently trades at HK$20.40, while our model-based Fair Value estimate is HK$11.68, implying the stock looks roughly 74.7% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of HK$7.03 per share, and 0 of the 24 models we run sit above the HK$20.40 price.
Bear case: the Growth Earnings group reads lowest at HK$1.28, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$8.16 (bear) to HK$15.21 (bull), the price of HK$20.40 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 44/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
LX Technology Group Ltd reported revenue of 2.4B CNY in FY2025 versus 1.3B CNY in FY2021, a compound +15.8%/yr. Reported net income was 13.5M CNY in FY2025.
Key figures
Market cap HK$7.8B (≈ $993M) · P/E ratio 446.0 · P/S ratio 2.53 · EPS (TTM) HK$0.0200 · Net margin 0.6% · Return on equity 1.5% · Return on assets (EBIT) −2.1% · Operating margin 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 404% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −43%, 2436 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (HK$0.6600 to HK$19.79). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear HK$8.16Fair Value HK$11.68Bull HK$15.21
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0147 per share) are deliberately not added.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 ⓘ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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.8%
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.
+12.9%
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.
+18.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+29.8%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘ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 3 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.
−52.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−52.8%
Dividend (yield on the price)0.0%
Profit margin 2019 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.−11% → 1%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +29.8% a year for the price.
Compare LX Technology Group Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Computer Hardware · 220 stocks
Beats the industry median on 0/13 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−44% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets0% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−11% · Bottom 25%
Balance sheet
Debt / equity0.38× · Highest 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)446.0× · Priciest 25%
P/B8.92× · Priciest 25%
P/S (TTM)2.78× · Priciest 25%
P/FCF6.0× · Pricier than median
EV/EBITDA23.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 59
PAST (return on equity)6· sector 26
HEALTH (low debt)81· sector 97
DIVIDEND (yield)0· sector 40
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.
Cite: Fair Value Calculator (2026). "LX Technology Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2436
Frequently asked questions
Is LX Technology Group Ltd (2436) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$11.68 versus a price of HK$20.40, about −43% upside (overvalued).
What is the fair value of 2436?
Our model-based fair value for LX Technology Group Ltd is HK$11.68 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$20.40.
What is the quality score of 2436?
LX Technology Group Ltd has a Quality Score of 44/100. 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 LX Technology Group Ltd (2436)?
Our model-based price target is the fair value of HK$11.68 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario HK$8.16, optimistic scenario HK$15.21. It is a calculation from audited fundamentals, not an analyst target.
What is the LX Technology Group Ltd stock forecast for 2026?
Our models put fair value at HK$11.68, about −43% upside versus a price of HK$20.40 (overvalued). Cautious scenario HK$8.16, optimistic scenario HK$15.21. The calculation is refreshed regularly with new filings.
What is the revenue of LX Technology Group Ltd (2436)?
LX Technology Group Ltd reported trailing-twelve-month revenue of about 2.4B CNY (latest available figure, as of Sep 24, 2026).
What growth is priced into LX Technology Group Ltd (2436)?
For today's price to be fair in a discounted-cash-flow model, LX Technology Group Ltd would have to grow free cash flow by +32.0 % per year for five years (discount rate 14.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2436 use?
Our models discount LX Technology Group Ltd at 14.3 %: a base by market capitalisation (small), damped by beta 2.28, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For LX Technology Group Ltd that is +32.0 % per year a year over ten years, using the same discount rate (14.3 %) and the same formula as our fair value.
How much growth has LX Technology Group Ltd (2436) delivered so far?
Over the past 5 years revenue at LX Technology Group Ltd grew +18.5 % a year. The price currently implies +32.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of LX Technology Group Ltd (2436) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into LX Technology Group Ltd (+32.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LX Technology Group Ltd (2436)?
The free-cash-flow yield on the price is 2.88 %: that much free cash flow LX Technology Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (14.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LX Technology Group Ltd (2436)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LX Technology Group Ltd it is HK$11.68 per share (as of Sep 24, 2026), against a price of HK$20.40. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is LX Technology Group Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2436 trades above its calculated fair value: price HK$20.40, fair value HK$11.68, a gap of about −43% (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 2436?
No. The price is what the market pays today (HK$20.40); the fair value is what the company's own numbers justify (HK$11.68). For LX Technology Group Ltd the two are HK$8.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is LX Technology Group Ltd worth?
The market values LX Technology Group Ltd at about HK$7.8B (market capitalisation, as of Sep 24, 2026). Per share that is HK$20.40; our models calculate a fair value of HK$11.68 per share.
What do the bullish and bearish scenarios say about 2436?
Our models span a range for LX Technology Group Ltd: cautious scenario HK$8.16, base HK$11.68, optimistic HK$15.21 per share (as of Sep 24, 2026, price HK$20.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2436?
LX Technology Group Ltd trades at a price-to-earnings ratio of 446.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$11.68 is built from several models across several years. Other multiples: P/B 8.9, P/S 2.8, EV/EBITDA 23.3.
How solid is the balance sheet of LX Technology Group Ltd (2436)?
Balance-sheet figures for LX Technology Group Ltd (as of Sep 24, 2026): return on equity 1.5%, debt of 0.38 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 2436 from its 52-week high?
LX Technology Group Ltd trades at HK$20.40, about 22% below its 52-week high of HK$26.00 and 404% above the low of HK$4.05 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$11.68 is for.
Which stocks are comparable to LX Technology Group Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, 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 LX Technology Group Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$20.40, calculated fair value HK$11.68 (−43%), Quality Score 44/100, from 24 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 2436 calculated?
We run LX Technology Group Ltd through 24 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$11.68, 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 13.0 % above its aggregate fair value. LX Technology Group Ltd 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 LX Technology Group Ltd (2436)?
The closing price on Sep 24, 2026 was HK$20.40. Our model-based fair value is HK$11.68, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LX Technology Group Ltd right now?
The price sits above even our optimistic bull case (HK$15.21). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (HK$8.16 to HK$15.21) leaves room in how you read the outcome.
Key figures of LX Technology Group Ltd
How large is the market capitalisation of LX Technology Group Ltd (2436)?
The market capitalisation of LX Technology Group Ltd is HK$7.8B (≈ $993M). 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 LX Technology Group Ltd (2436)?
The price-to-sales ratio of LX Technology Group Ltd is 2.53 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LX Technology Group Ltd (2436)?
Earnings per share at LX Technology Group Ltd are HK$0.0200 (price ÷ EPS = P/E 446.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of LX Technology Group Ltd (2436)?
The net margin of LX Technology Group Ltd is 0.6% (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 LX Technology Group Ltd (2436)?
The return on equity (ROE) of LX Technology Group Ltd is 1.5% (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 LX Technology Group Ltd (2436)?
On an EBIT basis the return on assets of LX Technology Group Ltd is −2.1% (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 LX Technology Group Ltd (2436)?
The operating margin of LX Technology Group Ltd is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LX Technology Group Ltd (2436)?
Revenue at LX Technology Group Ltd is growing −10.8% versus a year earlier (3y avg +12.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does LX Technology Group Ltd (2436) carry?
The net debt of LX Technology Group Ltd is 390M CNY (fiscal year 2025, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch LX Technology Group Ltd in the live analysis
One click puts LX Technology Group Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
