FS.Com Ltd (3355) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of FS.Com Ltd HK$42.97, price HK$37.36, upside +15.0%, quality 79 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. As of Oct 1, 2026.
How to read this chart
6‑month range HK$29.80 – HK$53.64 · fair‑value band HK$26.35 – HK$55.86 · the HK$37.36 price screens below the HK$42.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 1, 2026.
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FS.COM Limited provides DTC networking solutions to computing, data centers, enterprise networks, and telecommunications industry in China and internationally.
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FS.COM Limited provides DTC networking solutions to computing, data centers, enterprise networks, and telecommunications industry in China and internationally. It offers enterprise, data center, PoE+, small business, and industrial ethernet switches and accessories; bare metal switches and software; router, security, and network packet broker products; optical transceivers; fiber optic cables; fiber optic panels, cassettes, and enclosures; and cable manager products, racks and cabinets, and labels and printers. The company also provides networking products, including wireless, camera and surveillance, servers and storage, power, network adapter, media converter, extender, conferencing, and phone products; and access networks, data center interconnects, PON networks, open line systems, Mux Demux and OADM products, transponders and muxponders, passive components, and transceivers. In addition, it offers copper patch cords, cable trunks, bulk copper cables, patch panels, faceplates and boxes, connectors and jacks, and industrial copper systems; fiber testers, optic tools, and optic cleaners; copper tools and testers; and technical support services. The company was formerly known as Shenzhen Yuxuan Network Technology Co., Ltd. and changed its name to FS.COM Limited in October 2020. The company was incorporated in 2009 and is headquartered in Shenzhen, China.
Stock analysis
FS.Com Ltd (3355) currently trades at HK$37.36, while our model-based Fair Value estimate is HK$42.97, implying the stock looks roughly 13.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$44.81 per share, and 12 of the 24 models we run sit above the HK$37.36 price.
Bear case: the Economic Profit group reads lowest at HK$13.16, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$26.35 (bear) to HK$55.86 (bull), the price of HK$37.36 sits inside 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 79/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
FS.Com Ltd reported revenue of 3.0B CNY in FY2025 versus 2.0B CNY in FY2022, a compound +14.3%/yr. Reported net income was 601M CNY in FY2025, compounding +18.2%/yr from FY2022.
Key figures
Market cap HK$15.2B (≈ $1.9B) · P/E ratio 16.6 · P/S ratio 3.37 · Dividend yield 1.3% · Net margin 20.3% · Return on equity 26.4% · Return on assets (EBIT) 17.4% · Operating margin 28.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at 15%, 3355 screens cheaper than that median.
Fair Value models
Bear HK$26.35Fair Value HK$42.97Bull HK$55.86
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.5%
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.
+14.3%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 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. 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.
+17.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.4%
Dividend (yield on the price)1.3%
Profit margin 2022 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.21% → 24%
2025 sits 51% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+11.2%
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 +9.3% a year for the price.
Price, fair value, quality and upside side by side.
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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.Communication Equipment · 302 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside+15.0% · Top 25%
Profitability
Return on equity (TTM)26.4% · Top 25%
Return on assets11.5% · Top 25%
Net margin (TTM)20.3% · Top 25%
Operating margin (TTM)28.3% · Top 25%
Growth and dividend
Revenue growth20.2% · Above median
Dividend yield (TTM)1.3% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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). "FS.Com Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3355
Frequently asked questions
Is FS.Com Ltd (3355) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of HK$42.97 versus a price of HK$37.36, about +15% upside (undervalued).
What is the fair value of 3355?
Our model-based fair value for FS.Com Ltd is HK$42.97 (as of Oct 1, 2026), built from audited fundamentals. The current price: HK$37.36.
What is the quality score of 3355?
FS.Com Ltd has a Quality Score of 79/100. 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 FS.Com Ltd (3355)?
Our model-based price target is the fair value of HK$42.97 (as of Oct 1, 2026) from 24 valuation models. Cautious scenario HK$26.35, optimistic scenario HK$55.86. It is a calculation from audited fundamentals, not an analyst target.
What is the FS.Com Ltd stock forecast for 2026?
Our models put fair value at HK$42.97, about +15% upside versus a price of HK$37.36 (undervalued). Cautious scenario HK$26.35, optimistic scenario HK$55.86. The calculation is refreshed regularly with new filings.
What is the revenue of FS.Com Ltd (3355)?
FS.Com Ltd reported trailing-twelve-month revenue of about 3.0B CNY (latest available figure, as of Oct 1, 2026).
Does FS.Com Ltd pay a dividend?
FS.Com Ltd currently shows a dividend yield of about 1.32% relative to its recent price (as of Oct 1, 2026).
What growth is priced into FS.Com Ltd (3355)?
For today's price to be fair in a discounted-cash-flow model, FS.Com Ltd would have to grow free cash flow by +11.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +14.3 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of 3355 use?
Our models discount FS.Com Ltd at 11.8 %: a base by market capitalisation (small), 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 FS.Com Ltd that is +11.2 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has FS.Com Ltd (3355) delivered so far?
Over the past 3 years revenue at FS.Com Ltd grew +14.3 % a year. The price currently implies +11.2 % 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 FS.Com Ltd (3355) growing?
The median revenue growth in the sector is +11.9 % a year. That is the yardstick for the growth priced into FS.Com Ltd (+11.2 % 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 FS.Com Ltd (3355)?
The free-cash-flow yield on the price is 5.66 %: that much free cash flow FS.Com Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FS.Com Ltd (3355)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FS.Com Ltd it is HK$42.97 per share (as of Oct 1, 2026), against a price of HK$37.36. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is FS.Com Ltd stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 3355 trades below its calculated fair value: price HK$37.36, fair value HK$42.97, a gap of about +15% (undervalued). 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 3355?
No. The price is what the market pays today (HK$37.36); the fair value is what the company's own numbers justify (HK$42.97). For FS.Com Ltd the two are HK$5.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is FS.Com Ltd worth?
The market values FS.Com Ltd at about HK$15.2B (market capitalisation, as of Oct 1, 2026). Per share that is HK$37.36; our models calculate a fair value of HK$42.97 per share.
What do the bullish and bearish scenarios say about 3355?
Our models span a range for FS.Com Ltd: cautious scenario HK$26.35, base HK$42.97, optimistic HK$55.86 per share (as of Oct 1, 2026, price HK$37.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3355?
FS.Com Ltd trades at a price-to-earnings ratio of 16.6 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$42.97 is built from several models across several years. Other multiples: P/B 6.0, P/S 4.4, EV/EBITDA 15.9.
How solid is the balance sheet of FS.Com Ltd (3355)?
Balance-sheet figures for FS.Com Ltd (as of Oct 1, 2026): return on equity 26.4%, debt of 0.15 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
Which stocks are comparable to FS.Com Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, 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 FS.Com Ltd stock attractive at the current price?
The data as of Oct 1, 2026: price HK$37.36, calculated fair value HK$42.97 (+15%), Quality Score 79/100, 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 3355 calculated?
We run FS.Com 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$42.97, 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 14.7 % above its aggregate fair value. FS.Com Ltd currently trades 13 % below its own fair value, and the market average says nothing about that. 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 FS.Com Ltd (3355)?
The closing price on Sep 30, 2026 was HK$37.36. Our model-based fair value is HK$42.97, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FS.Com Ltd right now?
A fairly wide model range (HK$26.35 to HK$55.86) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of FS.Com Ltd
How large is the market capitalisation of FS.Com Ltd (3355)?
The market capitalisation of FS.Com Ltd is HK$15.2B (≈ $1.9B). 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 FS.Com Ltd (3355)?
The price-to-sales ratio of FS.Com Ltd is 3.37 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of FS.Com Ltd (3355)?
The dividend yield of FS.Com Ltd is 1.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of FS.Com Ltd (3355)?
The net margin of FS.Com Ltd is 20.3% (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 FS.Com Ltd (3355)?
The return on equity (ROE) of FS.Com Ltd is 26.4% (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 FS.Com Ltd (3355)?
On an EBIT basis the return on assets of FS.Com Ltd is 17.4% (avg 4y). 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 FS.Com Ltd (3355)?
The operating margin of FS.Com Ltd is 28.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FS.Com Ltd (3355)?
Revenue at FS.Com Ltd is growing +20.2% versus a year earlier (3y avg +14.3%). 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 FS.Com Ltd (3355)?
Earnings per share at FS.Com Ltd are growing +284% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FS.Com Ltd (3355) carry?
The net debt of FS.Com Ltd is 40.3M CNY (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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