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Hi-Level Technology Holdings Ltd (8113) Fair Value & Analysis

Technology · HK · Market cap HK$67.1M

HL Hi-Level Technology Holdings Ltd 8113 · HK
PriceHK$0.4500
Fair ValueHK$0.5000
Upside+11.1%
Quality53/100
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Weak Growth
Thin margins · 0.4% net margin
generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 19/100
Evidence: High Range HK$0.4200 – HK$0.7700 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.4100 to HK$0.5000 (+22.0%) since Aug 6, 2026. Share price +3.4% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • A fairly wide model range (HK$0.4200 to HK$0.7700) leaves room in how you read the outcome.
  • Our model range runs from HK$0.4200 (bear) to HK$0.7700 (bull), base HK$0.5000. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$4.02 HK$0.2989 Fair Value HK$0.5000 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$0.2989 – HK$4.02 · fair‑value band HK$0.4200 – HK$0.7700 · the HK$0.4500 price screens below the HK$0.5000 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hi-Level Technology Holdings Ltd (8113) currently trades at HK$0.4500, while our model-based Fair Value estimate is HK$0.5000, implying the stock looks roughly 11.1% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hi-Level Technology Holdings Ltd generated revenue of HK$923M at a net margin of 0.4%. Revenue grew 5.6% year over year. It earns a return on equity of 3.8%. Net debt stands at HK$84.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.4200 (bear case) to HK$0.7700 (bull case); at HK$0.4500, 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 13% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 11%, 8113 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$0.4200 HK$0.4000 HK$0.3100 76
Growth DCF HK$1.52 HK$1.77 HK$2.14 72
Growth-Adj P/E HK$0.3500 HK$0.5000 HK$0.6500 68
All 22 models by family
DCF Models
FCF DCF HK$1.50 HK$1.76 HK$2.19 38
Owner Earnings HK$0.6100 HK$0.6400 HK$0.7000 31
5Y Revenue Exit HK$1.22 HK$1.43 HK$1.75 39
5Y EBITDA Exit HK$1.32 HK$1.62 HK$2.02 41
5Y P/E Exit HK$1.19 HK$1.38 HK$1.62 38
10Y Revenue Exit HK$1.33 HK$1.49 HK$1.65 36
10Y EBITDA Exit HK$1.40 HK$1.59 HK$1.78 37
10Y P/E Exit HK$1.33 HK$1.46 HK$1.58 35
Earnings-Based
Graham-Dodd HK$0.1600 HK$0.2000 HK$0.2200 54
EPV HK$0.8500 HK$0.8900 HK$0.9300 59
Multiples
P/E Multiple HK$0.5000 HK$0.6700 HK$0.8300 63
P/S Multiple HK$0.3000 HK$0.4000 HK$0.5100 58
P/B Multiple HK$0.3000 HK$0.4000 HK$0.5100 55
EV/EBIT HK$1.52 HK$1.87 HK$2.22 53
EV/EBITDA HK$1.28 HK$1.55 HK$1.82 54
EV/Revenue HK$1.00 HK$1.23 HK$1.46 43
Asset-Based
NCAV (Graham) HK$0.3200 HK$0.4300 HK$0.6400 50
Growth DCF
Growth DCF HK$1.52 HK$1.77 HK$2.14 72
Rev-Margin DCF HK$1.22 HK$1.46 HK$1.78 67
Economic Profit
Residual Income HK$0.4200 HK$0.4000 HK$0.3100 76
ROIC Compounder HK$0.8500 HK$0.9000 HK$0.9500 67
Growth Earnings
Growth-Adj P/E HK$0.3500 HK$0.5000 HK$0.6500 68

Widest divergence: DCF Models (HK$1.46) versus Earnings-Based (HK$0.2000). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$923M
Revenue growth (YoY) +5.6%
Net margin 0.4%
Return on equity 3.8%
Free cash flow HK$20.6M FY2025
P/E ratio 23.0 as of Jul 2, 2026
More key figures
Operating margin 0.7%
EPS (TTM) HK$0.0100
EPS growth (YoY) -8.6%
Net debt HK$84.4M FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 49

Profitability 36
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 100
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

V & V Technology Holdings Limited sells electronic components in Chinese Mainland, Hong Kong, Taiwan, and internationally. The company offers integrated circuits and panels for consumer electronic products, such as mobile internet devices, network communication systems, and smart home audio products.

Full company description

V & V Technology Holdings Limited sells electronic components in Chinese Mainland, Hong Kong, Taiwan, and internationally. The company offers integrated circuits and panels for consumer electronic products, such as mobile internet devices, network communication systems, and smart home audio products. It also provides set-top boxes, video image devices, CVRs, ELAs, Wi-Fi modules and connectors, 3G tablets, digital cameras, sport and drone cameras, e-books, wearable devices, and other products. In addition, the company offers independent design house services. It serves its products to original design manufacturers and original brand manufacturers. The company was formerly known as Hi-Level Technology Holdings Limited and changed its name to V & V Technology Holdings Limited in June 2024. V & V Technology Holdings Limited was founded in 2000 and is based in Kwai Chung, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hi-Level Technology Holdings Ltd reported revenue of HK$923M in FY2025 versus HK$2.8B in FY2021, a compound −24.6%/yr. Reported net income was HK$3.5M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$923M
Latest YoY
−3.9%
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.
−18.9%
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.
−16.4%
Avg. growth/yr (12Y) 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.
+2.2%
Revenue −24.6%/yr
FY21 HK$2.8B
FY22 HK$1.7B
FY23 HK$1.2B
FY24 HK$960M
FY25 HK$923M
Net income
FY21 −HK$47.0M
FY22 −HK$68.5M
FY23 HK$3.9M
FY24 −HK$3.2M
FY25 HK$3.5M
Character of growth · EPS growth decomposed (2014-2025) −16.0 % p.a.
Revenue per share −0.8 pp

of which total revenue −2.7 pp · buybacks/dilution +1.9 pp

EBIT margin −9.1 pp
Tax rate +2.6 pp
Residual (interest, one-offs) −8.7 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).

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Cite: Fair Value Calculator (2026). "Hi-Level Technology Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8113

Peer Group

Electronic Components · 645 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 53 · Below median
Fair Value upside +11% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 6% · Below median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 23.0× · Cheaper than median
P/B 0.72× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper 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 48 · sector 0
FUTURE 28 · sector 36
PAST 15 · sector 24
HEALTH 0 · sector 95
DIVIDEND 0 · sector 26

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 Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Hi-Level Technology Holdings Ltd (8113) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.5000 versus a price of HK$0.4500, about +11% (undervalued).
What is the fair value of 8113?
Our model-based fair value for Hi-Level Technology Holdings Ltd is HK$0.5000 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.4500.
What is the quality score of 8113?
Hi-Level Technology Holdings Ltd has a Quality Score of 53/100. 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 Hi-Level Technology Holdings Ltd (8113)?
Hi-Level Technology Holdings Ltd reported trailing-twelve-month revenue of about HK$923M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8113?
The net profit margin of Hi-Level Technology Holdings Ltd is about 0.4%, meaning it keeps roughly 0.4% 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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