EN DE

Apex Ace Holding Limited (6036) Fair Value & Analysis

Technology · HK · Market cap HK$1.3B

AA Apex Ace Holding Limited 6036 · HK
PriceHK$1.56
Fair ValueHK$1.41
Upside-9.6%
Quality50/100
Watch Apex Ace Holding Limited for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 47/100
Evidence: Medium Range HK$0.9500 – HK$1.76 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$1.26 to HK$1.41 (+11.9%) since Aug 6, 2026. Share price +20.0% 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.
  • A fairly wide model range (HK$0.9500 to HK$1.76) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$1.76 HK$0.1830 Fair Value HK$1.41 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$0.1830 – HK$1.76 · fair‑value band HK$0.9500 – HK$1.76 · the HK$1.56 price screens above the HK$1.41 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Apex Ace Holding Limited (6036) currently trades at HK$1.56, while our model-based Fair Value estimate is HK$1.41, implying the stock looks roughly 9.6% fairly valued today. The Quality Score stands at 50/100 (solid quality), in the Technology 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, Apex Ace Holding Limited generated revenue of HK$5.7B at a net margin of 1.2%. Revenue grew 141.6% year over year. It earns a return on equity of 27.2%. Net debt stands at HK$741M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.9500 (bear case) to HK$1.76 (bull case); at HK$1.56, 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 22% below its 52-week high and 311% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -15% fair-value upside, at -10%, 6036 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$0.3600 HK$0.5000 HK$1.82 76
ROIC Compounder HK$1.38 HK$1.64 HK$1.91 72
Gordon GGM HK$0.0700 HK$0.1200 HK$0.1700 70
All 17 models by family
DCF Models
Owner Earnings HK$1.08 HK$2.01 HK$3.75 31
Earnings-Based
Graham-Dodd HK$0.4300 HK$2.99 HK$4.20 54
Lynch FV HK$0.9500 HK$1.35 HK$1.76 50
PEG = 1.0 HK$0.9500 HK$1.35 HK$1.76 46
EPV HK$1.30 HK$1.45 HK$1.57 59
Dividend Discount
Gordon GGM HK$0.0700 HK$0.1200 HK$0.1700 70
DDM Multi-Stage HK$0.0700 HK$0.1100 HK$0.1300 61
Multiples
P/E Multiple HK$1.33 HK$1.77 HK$2.21 63
P/S Multiple HK$0.8100 HK$1.07 HK$1.34 58
P/B Multiple HK$0.8100 HK$1.07 HK$1.34 55
EV/EBIT HK$3.15 HK$4.13 HK$5.11 53
EV/EBITDA HK$2.65 HK$3.47 HK$4.28 54
EV/Revenue HK$1.70 HK$2.33 HK$2.97 43
Asset-Based
NCAV (Graham) HK$0.1600 HK$0.2200 HK$0.3200 50
Economic Profit
Residual Income HK$0.3600 HK$0.5000 HK$1.82 76
ROIC Compounder HK$1.38 HK$1.64 HK$1.91 72
Growth Earnings
Growth-Adj P/E HK$1.45 HK$2.07 HK$2.69 68

Widest divergence: Growth Earnings (HK$2.07) versus Dividend Discount (HK$0.1100). Highest evidence: Residual Income (76).

Notify me when 6036 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$5.7B
Revenue growth (YoY) +142%
Net margin 1.2%
Return on equity 27.2%
Free cash flow −HK$149M FY2025
P/E ratio 20.3 as of Jul 2, 2026
More key figures
Operating margin 3.7%
EPS (TTM) HK$0.0100
EPS growth (YoY) +2,100%
Net debt HK$741M FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 46 · Market factors (momentum, volatility) 78

Profitability 52
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 59
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

Apex Ace Holding Limited, an investment holding company, distributes semiconductors and other electronic components in China, Hong Kong, and internationally. It operates through two segments: Digital Storage Products and General Components.

Full company description

Apex Ace Holding Limited, an investment holding company, distributes semiconductors and other electronic components in China, Hong Kong, and internationally. It operates through two segments: Digital Storage Products and General Components. The company supplies digital storage products, including dynamic random-access memory, flash, and multi-chip package memory products for multimedia and mobile devices, such as set-top boxes, smart TVs, wearable devices, mobile phones, etc., as well as optical and mass storage products used in enterprise-level storage and server systems. It also provides general electronic components, such as switches, connectors, passive components, main chips, sensors, power semiconductors, and analog-to-digital converters for use in mobile and multimedia devices. In addition, the company offers property holding, technical development and promotion of new materials, sales and integration of storage system, new material technology development and promotion, and related supporting services, as well as sells computer hardware and software, and accessories. Apex Ace Holding Limited was founded in 2005 and is headquartered in Kowloon, Hong Kong. Apex Ace Holding Limited is a subsidiary of Best Sheen Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Apex Ace Holding Limited reported revenue of HK$5.7B in FY2025 versus HK$2.7B in FY2021, a compound +21.0%/yr. Reported net income was HK$66.6M in FY2025, compounding +77.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$5.7B
Latest YoY
+87.5%
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.
+28.6%
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.
+26.7%
Avg. growth/yr (11Y) 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.
+19.9%
Revenue +21.0%/yr
FY21 HK$2.7B
FY22 HK$2.7B
FY23 HK$2.5B
FY24 HK$3.1B
FY25 HK$5.7B
Net income +77.3%/yr
FY21 HK$6.7M
FY22 −HK$32.4M
FY23 −HK$16.2M
FY24 HK$6.7M
FY25 HK$66.6M
Character of growth · EPS growth decomposed (2014-2025) +3.0 % p.a.
Revenue per share +13.5 pp

of which total revenue +14.6 pp · buybacks/dilution −1.1 pp

EBIT margin −0.2 pp
Tax rate +1.0 pp
Residual (interest, one-offs) −11.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch 6036: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Apex Ace Holding Limited Fair Value". https://www.fairvalue-calculator.com/stock/6036

Peer Group

Electronics & Computer Distribution · 156 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 50 · Below median
Fair Value upside −10% · Below median
Return on equity (TTM) 27% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Above median
Revenue growth 142% · Top 25%
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 20.3× · Pricier than median
P/B 3.76× · Pricier than 75% of peers
P/S (TTM) 0.23× · Cheaper than median
EV/EBITDA 5.8× · 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 21 · sector 28
FUTURE 100 · sector 64
PAST 100 · sector 34
HEALTH 97 · sector 98
DIVIDEND 15 · sector 55

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $255.21 $289.83 +14%
Unisplendour Corporation 000938 ¥39.60 ¥16.52 -58%
Rexel S.A RXL €37.61 €32.05 -15%
Arrow Electronics, Inc ARW $210.30 $114.08 -46%
Avnet, Inc AVT $97.31 $77.07 -21%
WPG Holdings 3702 123.50 TWD 148.26 TWD +20%
Nanjing Sunlord Electronics Corporation 300975 ¥27.41 ¥12.34 -55%
Shenzhen Huaqiang Industry Co 000062 ¥23.53 ¥7.52 -68%
Shenzhen H&T Intelligent Control Co. 002402 ¥21.59 ¥20.12 -7%
Topco Scientific Co 5434 521.00 TWD 473.70 TWD -9%

Compare Apex Ace Holding Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Apex Ace Holding Limited (6036) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.41 versus a price of HK$1.56, about −10% (fairly valued).
What is the fair value of 6036?
Our model-based fair value for Apex Ace Holding Limited is HK$1.41 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.56.
What is the quality score of 6036?
Apex Ace Holding Limited has a Quality Score of 50/100. 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 Apex Ace Holding Limited (6036)?
Apex Ace Holding Limited reported trailing-twelve-month revenue of about HK$5.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6036?
The net profit margin of Apex Ace Holding Limited is about 1.2%, meaning it keeps roughly 1.2% 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.

14 days Pro free · no card

Track Apex Ace Holding Limited 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.