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BitStrat Holdings (6113) Fair Value & Analysis

Communication Services · HK · Market cap HK$604M

BH BitStrat Holdings 6113 · HK
PriceHK$1.44
Fair ValueHK$0.4200
Upside-70.8%
Quality60/100
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Mixed Growth
Loss-making · -2.8% net margin
Low debt · generates free cash flow
Trails peers (3/12)
Narrow moat 5/100
Evidence: High Range HK$0.3100 – HK$0.5300 Share as image

Fair value as of: Aug 6, 2026

From 16 valuation models · updated 4 days ago

Share price −0.7% 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$0.5300). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$7.49 HK$0.6066 Fair Value HK$0.4200 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range HK$0.6066 – HK$7.49 · fair‑value band HK$0.3100 – HK$0.5300 · the HK$1.44 price screens above the HK$0.4200 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

BitStrat Holdings (6113) currently trades at HK$1.44, while our model-based Fair Value estimate is HK$0.4200, implying the stock looks roughly 70.8% overvalued today. The Quality Score stands at 60/100 (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, BitStrat Holdings generated revenue of HK$92.5M at a net margin of -2.8%. Revenue grew 1.6% year over year. It earns a return on equity of -6.2%. Net debt stands at HK$3.4M. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$0.3100 (bear case) to HK$0.5300 (bull case); at HK$1.44, 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. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at -71%, 6113 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
Growth DCF HK$0.4000 HK$0.4700 HK$0.6000 80
Rev-Margin DCF HK$0.2900 HK$0.3500 HK$0.4400 74
ROIC Compounder HK$0.1600 HK$0.1700 HK$0.1700 72
All 16 models by family
DCF Models
FCF DCF HK$0.3900 HK$0.4700 HK$0.6100 38
Owner Earnings HK$0.1300 HK$0.1300 HK$0.1500 31
5Y Revenue Exit HK$0.2900 HK$0.3500 HK$0.4300 39
5Y EBITDA Exit HK$0.3500 HK$0.4400 HK$0.5700 41
10Y Revenue Exit HK$0.3300 HK$0.3800 HK$0.4300 36
10Y EBITDA Exit HK$0.3700 HK$0.4400 HK$0.5200 37
Earnings-Based
EPV HK$0.1600 HK$0.1700 HK$0.1700 59
Dividend Discount
Gordon GGM HK$0.1700 HK$0.2000 HK$0.2400 70
DDM Multi-Stage HK$0.1700 HK$0.2200 HK$0.2700 61
Multiples
EV/EBIT HK$0.2700 HK$0.3300 HK$0.3800 53
EV/EBITDA HK$0.3600 HK$0.4400 HK$0.5300 54
EV/Revenue HK$0.2300 HK$0.2800 HK$0.3400 43
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1000 50
Growth DCF
Growth DCF HK$0.4000 HK$0.4700 HK$0.6000 80
Rev-Margin DCF HK$0.2900 HK$0.3500 HK$0.4400 74
Economic Profit
ROIC Compounder HK$0.1600 HK$0.1700 HK$0.1700 72

Widest divergence: DCF Models (HK$0.3800) versus Asset-Based (HK$0.0700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$92.5M
Revenue growth (YoY) +1.6%
Net margin -2.8%
Return on equity -6.2%
Free cash flow HK$13.7M FY2025
Operating margin -10.7%
More key figures
EPS (TTM) HK$0.0100
EPS growth (YoY) -33.8%
Net debt HK$3.4M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 64 · Market factors (momentum, volatility) 11

Profitability 36
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 3
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

BitStrat Holdings Limited, an investment holding company, provides outbound telemarketing services and contact center facilities in Malaysia. The company offers telemarketing services for the promotion of financial products, including conventional and takaful insurance products, credit cards, and donation solicitation programs.

Full company description

BitStrat Holdings Limited, an investment holding company, provides outbound telemarketing services and contact center facilities in Malaysia. The company offers telemarketing services for the promotion of financial products, including conventional and takaful insurance products, credit cards, and donation solicitation programs. It also provides workstations and related services for the promotion of financial products and related activities. The company primarily serves banks, insurance companies, takaful operators, and charitable organizations. The company was formerly known as UTS Marketing Solutions Holdings Limited and changed its name to BitStrat Holdings Limited in July 2025. The company was founded in 2007 and is headquartered in Kuala Lumpur, Malaysia. BitStrat Holdings Limited is a subsidiary of Microhash International PTE. LTD.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BitStrat Holdings reported revenue of HK$92.5M in FY2025 versus HK$91.7M in FY2021, a compound +0.2%/yr. Reported net income was −HK$2.6M in FY2025.

Growth Quality 33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$92.5M
Latest YoY
−0.6%
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.
+2.1%
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.
+2.0%
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.
+4.3%
Revenue +0.2%/yr
FY21 HK$91.7M
FY22 HK$87.0M
FY23 HK$94.4M
FY24 HK$93.1M
FY25 HK$92.5M
Net income
FY21 HK$19.2M
FY22 HK$10.1M
FY23 HK$10.3M
FY24 HK$13.3M
FY25 −HK$2.6M
Character of growth · EPS growth decomposed (2014-2025) −3.6 % p.a.
Revenue per share +4.1 pp

of which total revenue +4.1 pp · buybacks/dilution +0.0 pp

EBIT margin −3.3 pp
Tax rate −4.0 pp
Residual (interest, one-offs) −0.4 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).

6113 screens 71% overvalued. Compare with AppLovin Corporation →

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Cite: Fair Value Calculator (2026). "BitStrat Holdings Fair Value". https://www.fairvalue-calculator.com/stock/6113

Peer Group

Advertising Agencies · 199 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 60 · Above median
Fair Value upside −71% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -3% · Below median
Operating margin (TTM) -11% · Bottom 25%
Revenue growth 2% · Above median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/B 1.89× · Pricier than median
P/S (TTM) 0.83× · Pricier than median
P/FCF 5.6× · Pricier than median
EV/EBITDA 16.0× · Pricier than 75% of peers

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 0 · sector 19
FUTURE 8 · sector 8
PAST 0 · sector 7
HEALTH 100 · sector 98
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

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Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Mobvista Inc 1860 HK$11.15 HK$6.43 -42%

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Frequently asked questions

Is BitStrat Holdings (6113) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$0.4200 versus a price of HK$1.44, about −71% (overvalued).
What is the fair value of 6113?
Our model-based fair value for BitStrat Holdings is HK$0.4200 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$1.44.
What is the quality score of 6113?
BitStrat Holdings has a Quality Score of 60/100. 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 BitStrat Holdings (6113)?
BitStrat Holdings reported trailing-twelve-month revenue of about HK$92.5M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 6113?
The net profit margin of BitStrat Holdings is about -2.8%, 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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