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Homeland Interactive Technology Ltd (3798) Fair Value & Analysis

Communication Services · HK · Market cap HK$1.8B

HI Homeland Interactive Technology Ltd 3798 · HK
PriceHK$1.20
Fair ValueHK$1.19
Upside-0.8%
Quality74/100
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Mixed Growth
Thin margins · 4.4% net margin
generates free cash flow
Ranks above peers (10/13)
Narrow moat 34/100
Evidence: High Range HK$1.01 – HK$1.49 Share as image

Fair value as of: Aug 15, 2026

From 26 valuation models · updated 2 days ago

Share price +9.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$1.01 (bear) to HK$1.49 (bull), base HK$1.19. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 74/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$4.73 HK$0.8496 Fair Value HK$1.19 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range HK$0.8496 – HK$4.73 · fair‑value band HK$1.01 – HK$1.49 · the HK$1.20 price screens above the HK$1.19 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Homeland Interactive Technology Ltd (3798) currently trades at HK$1.20, while our model-based Fair Value estimate is HK$1.19, implying the stock looks roughly 0.8% fairly valued today. The Quality Score stands at 74/100 (solid quality), in the Communication 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: high).

Over the trailing twelve months, Homeland Interactive Technology Ltd generated revenue of HK$1.3B at a net margin of 4.4%. Revenue grew 13.1% year over year. It earns a return on equity of 4.2%. The balance sheet holds a net cash position of HK$774M. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$1.01 (bear case) to HK$1.49 (bull case); at HK$1.20, 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 33% below its 52-week high and 41% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -25% fair-value upside, at -1%, 3798 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.

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
Residual Income HK$1.02 HK$0.9900 HK$0.8000 76
Growth DCF HK$2.46 HK$3.92 HK$6.33 72
Gordon GGM HK$0.7200 HK$1.30 HK$1.79 70
All 26 models by family
DCF Models
FCF DCF HK$2.55 HK$3.72 HK$6.63 38
Owner Earnings HK$0.6800 HK$0.7500 HK$0.8600 31
5Y Revenue Exit HK$1.98 HK$2.99 HK$4.68 39
5Y EBITDA Exit HK$2.18 HK$3.43 HK$5.40 41
5Y P/E Exit HK$1.75 HK$2.57 HK$3.55 38
10Y Revenue Exit HK$2.12 HK$3.27 HK$4.76 36
10Y EBITDA Exit HK$2.28 HK$3.60 HK$5.83 37
10Y P/E Exit HK$2.01 HK$2.89 HK$4.24 35
Earnings-Based
Graham-Dodd HK$0.3200 HK$2.09 HK$2.92 54
Lynch FV HK$0.6100 HK$0.8700 HK$1.13 50
PEG = 1.0 HK$0.6100 HK$0.8700 HK$1.13 46
EPV HK$1.30 HK$1.39 HK$1.46 59
Dividend Discount
Gordon GGM HK$0.7200 HK$1.30 HK$1.79 70
DDM Multi-Stage HK$0.7200 HK$1.19 HK$1.39 61
Multiples
P/E Multiple HK$0.7700 HK$1.02 HK$1.28 63
P/S Multiple HK$0.5900 HK$0.7900 HK$0.9900 58
P/B Multiple HK$0.5900 HK$0.7900 HK$0.9900 55
EV/EBIT HK$2.01 HK$2.47 HK$2.93 53
EV/EBITDA HK$2.06 HK$2.54 HK$3.02 54
EV/Revenue HK$1.67 HK$2.12 HK$2.57 43
Asset-Based
NCAV (Graham) HK$0.7400 HK$0.9900 HK$1.48 50
Growth DCF
Growth DCF HK$2.46 HK$3.92 HK$6.33 72
Rev-Margin DCF HK$1.98 HK$3.05 HK$4.62 67
Economic Profit
Residual Income HK$1.02 HK$0.9900 HK$0.8000 76
ROIC Compounder HK$1.30 HK$1.39 HK$1.46 67
Growth Earnings
Growth-Adj P/E HK$0.8700 HK$1.24 HK$1.61 68

Widest divergence: Growth DCF (HK$3.05) versus Earnings-Based (HK$0.8700). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$1.3B
Revenue growth (YoY) +13.1%
Net margin 4.4%
Return on equity 4.2%
Free cash flow HK$198M FY2025
P/E ratio 24.2 as of Jul 2, 2026
More key figures
Operating margin 11.9%
EPS (TTM) HK$0.0300
EPS growth (YoY) +36.7%
Net cash HK$774M FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 75 · Market factors (momentum, volatility) 41

Profitability 36
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 98
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

Homeland Interactive Technology Ltd., an investment holding company, engages in the development, publication, and operation of localized mobile card and board games in the People's Republic of China. The company offers mahjong, poker, and casual games. It also offers software development and technical services. Homeland Interactive Technology Ltd.

Full company description

Homeland Interactive Technology Ltd., an investment holding company, engages in the development, publication, and operation of localized mobile card and board games in the People's Republic of China. The company offers mahjong, poker, and casual games. It also offers software development and technical services. Homeland Interactive Technology Ltd. was founded in 2009 and is headquartered in Shenzhen, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Homeland Interactive Technology Ltd reported revenue of HK$1.3B in FY2025 versus HK$1.1B in FY2021, a compound +4.3%/yr. Reported net income was HK$59.1M in FY2025, compounding −41.4%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$1.3B
Latest YoY
−2.7%
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.
−4.8%
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.
+11.8%
Avg. growth/yr (9Y) 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.
+43.6%
Revenue +4.3%/yr
FY21 HK$1.1B
FY22 HK$1.6B
FY23 HK$1.8B
FY24 HK$1.4B
FY25 HK$1.3B
Net income −41.4%/yr
FY21 HK$500M
FY22 HK$466M
FY23 HK$437M
FY24 −HK$74.2M
FY25 HK$59.1M

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Cite: Fair Value Calculator (2026). "Homeland Interactive Technology Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3798

Peer Group

Electronic Gaming & Multimedia · 155 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 74 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 4% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 6.4% · Above median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 24.2× · Pricier than median
P/B 0.98× · Pricier than median
P/S (TTM) 1.37× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 5.5× · 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 32 · sector 21
FUTURE 66 · sector 7
PAST 17 · sector 9
HEALTH 0 · sector 99
DIVIDEND 100 · sector 54

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
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Electronic Arts Inc EA $209.70 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $243.00 $60.20 -75%
Roblox Corporation RBLX $36.22 $21.20 -41%
Zhejiang Century Huatong Group 002602 ¥14.29 ¥14.68 +3%
KRAFTON, Inc 259960 234,500 KRW 356,218 KRW +52%
Giant Network Group 002558 ¥28.57 ¥15.50 -46%
International Games System Co 3293 762.00 TWD 568.16 TWD -25%
37 Interactive Entertainment Network Technology Group 002555 ¥19.21 ¥22.29 +16%
Kingnet Network Co 002517 ¥17.36 ¥12.86 -26%

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Frequently asked questions

Is Homeland Interactive Technology Ltd (3798) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$1.19 versus a price of HK$1.20, about −1% (fairly valued).
What is the fair value of 3798?
Our model-based fair value for Homeland Interactive Technology Ltd is HK$1.19 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$1.20.
What is the quality score of 3798?
Homeland Interactive Technology Ltd has a Quality Score of 74/100. 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 Homeland Interactive Technology Ltd (3798)?
Homeland Interactive Technology Ltd reported trailing-twelve-month revenue of about HK$1.3B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 3798?
The net profit margin of Homeland Interactive Technology Ltd is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. 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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