ETS Group Ltd (8031) Fair Value & Analysis
Industrials · HK · Market cap HK$114M
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 3 days ago
Share price −25.6% over the past month.
Below-average quality, and screening another 54% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$0.1800). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (HK$0.0900 to HK$0.1800) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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$0.1060 – HK$0.7020 · fair‑value band HK$0.0900 – HK$0.1800 · the HK$0.3050 price screens above the HK$0.1400 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
ETS Group Ltd (8031) currently trades at HK$0.3050, while our model-based Fair Value estimate is HK$0.1400, implying the stock looks roughly 54.1% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials 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: low).
Over the trailing twelve months, ETS Group Ltd generated revenue of HK$81.6M at a net margin of -10.5%. Revenue declined 0.3% year over year. It earns a return on equity of -15.3%. The balance sheet holds a net cash position of HK$47.6M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.0900 (bear case) to HK$0.1800 (bull case); at HK$0.3050, 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. The share trades about 60% below its 52-week high and 177% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 21% fair-value upside, at -54%, 8031 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 49
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
ETS Group Limited, an investment holding company, provides multi-media contact, contact center system, and staff insourcing in Hong Kong.
Full company description
ETS Group Limited, an investment holding company, provides multi-media contact, contact center system, and staff insourcing in Hong Kong. The company operates through Outsourcing Inbound Contact Services; Outsourcing Outbound Contact Services; Staff Insourcing Services; Contact Service Centre and Service Centre Facilities Management Services; and System and Software Business segments. The Outsourcing Inbound Contact Services segment offers general enquiry, promotion, customer service, order, registration, emergency, and helpdesk hotline services. The Outsourcing Outbound Contact Services segment provides telemarketing and customer retention services, and cross-selling and customer satisfaction surveys. The Staff Insourcing Services segment offers staff support for customer service, telemarketing, data entry, help desk assistance, and other back-end projects. The Contact Service Centre and Service Centre Facilities Management Services segment is involved in the leasing of its contact center facilities in the form of workstations; and provision of IVRS hosting, contact center system holding solution, and service center facility management services. The System and Software Business segment engages in the sale and licensing of system and software, as well as provides system maintenance services. The company also offers telecommunication and related, and corporate financial management services. The company was founded in 1990 and is headquartered in Mong Kok, Hong Kong. ETS Group Limited is a former subsidiary of Million Top Enterprises Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ETS Group Ltd reported revenue of HK$77.9M in FY2025 versus HK$98.8M in FY2021, a compound −5.8%/yr. Reported net income was −HK$8.6M in FY2025.
8031 screens 54% overvalued. Compare with Adecco Group →
Peer Group
Staffing & Employment Services · 85 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.
Valuation Multiples vs Staffing & Employment Services median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adecco Group ADEN | CHF 23.14 | CHF 24.08 | +4% |
| Korn Ferry, KFY | $83.30 | $114.56 | +38% |
| Robert Half Inc RHI | $41.55 | $20.51 | -51% |
| TriNet Group TNET | $66.83 | $97.07 | +45% |
| ManpowerGroup Inc MAN | $56.22 | $23.19 | -59% |
| Insperity, Inc NSP | $50.39 | $17.34 | -66% |
| FESCO Group 600861 | ¥13.17 | ¥45.46 | +245% |
| Grupa Pracuj S.A GPP | 55.50 PLN | 65.45 PLN | +18% |
| Barrett Business Services, Inc BBSI | $31.39 | $38.11 | +21% |
| Maharah for Human Resources Company 1831 | 5.36 SAR | 6.87 SAR | +28% |
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Frequently asked questions
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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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