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IMS Group Holdings Ltd (8136) Fair Value & Analysis

Industrials · HK · Market cap HK$38.0M

IG IMS Group Holdings Ltd 8136 · HK
PriceHK$0.0370
Fair ValueHK$0.0566
Upside+53.0%
Quality46/100
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Weak Growth
Solidly profitable · 10.3% net margin
negative free cash flow
Mixed vs. peers (5/9)
Moderate moat 50/100
Evidence: Low Range HK$0.0566 – HK$0.0566 Share as image

Fair value as of: Aug 15, 2026

From 6 valuation models · updated 2 days ago

Fair value updated Aug 15, 2026, revised from HK$0.0578 to HK$0.0566 (−2.0%) since Aug 6, 2026. Share price −11.9% over the past month.

Below-average quality, screening 53% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (HK$0.0566). The market is more pessimistic than our downside scenario.
  • 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 quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$0.2735 HK$0.0300 Fair Value HK$0.0566 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$0.0300 – HK$0.2735 · the HK$0.0370 price screens below the HK$0.0566 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

IMS Group Holdings Ltd (8136) currently trades at HK$0.0370, while our model-based Fair Value estimate is HK$0.0566, implying the stock looks roughly 53.0% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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: low), always confirm before acting.

Over the trailing twelve months, IMS Group Holdings Ltd generated revenue of HK$57.9M at a net margin of 10.3%. Revenue declined 23.5% year over year. It earns a return on equity of 5.6%. The balance sheet holds a net cash position of HK$82.2M. Fundamentals as of Aug 15, 2026

The share trades about 40% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at 53%, 8136 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
ROIC Compounder HK$0.0900 HK$0.0900 HK$0.0900 67
EPV HK$0.0900 HK$0.0900 HK$0.0900 59
EV/EBITDA HK$0.1400 HK$0.1600 HK$0.1800 54
All 6 models by family
Earnings-Based
EPV HK$0.0900 HK$0.0900 HK$0.0900 59
Multiples
EV/EBIT HK$0.0900 HK$0.0900 HK$0.1000 53
EV/EBITDA HK$0.1400 HK$0.1600 HK$0.1800 54
EV/Revenue HK$0.0900 HK$0.0900 HK$0.0900 43
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1000 50
Economic Profit
ROIC Compounder HK$0.0900 HK$0.0900 HK$0.0900 67

Widest divergence: Earnings-Based (HK$0.0900) versus Asset-Based (HK$0.0700). Highest evidence: ROIC Compounder (67).

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Key figures & financial health

Revenue (TTM) HK$57.9M
Revenue growth (YoY) -23.5%
Net margin 10.3%
Return on equity 5.6%
Free cash flow −HK$2.2M FY2025
Operating margin 25.4%
More key figures
EPS (TTM) HK$0.0100
EPS growth (YoY) -31.9%
Net cash HK$82.2M FY2026

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 28

Profitability 24
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

IMS Group Holdings Limited, an investment holding company, engages in the provision of light-emitting diode (LED) lighting fixtures and visual-audio system for retail stores of luxury brands in Hong Kong, the People's Republic of China, Japan, the rest of Asia, and internationally.

Full company description

IMS Group Holdings Limited, an investment holding company, engages in the provision of light-emitting diode (LED) lighting fixtures and visual-audio system for retail stores of luxury brands in Hong Kong, the People's Republic of China, Japan, the rest of Asia, and internationally. The company also offers integrated LED lighting solution services; LED lighting system consultation and maintenance services; and sells 3D printing materials, as well as provides 3D printing services. In addition, it sells dental products. IMS Group Holdings Limited was incorporated in 2017 and is headquartered in North Point, Hong Kong.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

IMS Group Holdings Ltd reported revenue of HK$54.5M in FY2026 versus HK$78.9M in FY2022, a compound −8.8%/yr. Reported net income was −HK$412K in FY2026.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$54.5M
Latest YoY
−20.6%
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.
−9.4%
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.
−0.4%
Avg. growth/yr (10Y) 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.
+2.6%
Revenue −8.8%/yr
FY22 HK$78.9M
FY23 HK$73.4M
FY24 HK$85.6M
FY25 HK$68.6M
FY26 HK$54.5M
Net income
FY22 HK$11.4M
FY23 HK$6.1M
FY24 HK$15.5M
FY25 HK$9.4M
FY26 −HK$412K
Character of growth · EPS growth decomposed (2016-2026) +1.0 % p.a.
Revenue per share +4.4 pp

of which total revenue +4.4 pp · buybacks/dilution +0.0 pp

EBIT margin −3.4 pp
Tax rate +1.0 pp
Residual (interest, one-offs) −1.0 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). "IMS Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8136

Peer Group

Electrical Equipment & Parts · 527 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 46 · Below median
Fair Value upside +62% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 25% · Top 25%
Revenue growth -24% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.08× · 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 100 · sector 0
FUTURE 0 · sector 57
PAST 23 · sector 26
HEALTH 0 · sector 97
DIVIDEND 0 · sector 23

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 208,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%

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Frequently asked questions

Is IMS Group Holdings Ltd (8136) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$0.0566 versus a price of HK$0.0370, about +53% (undervalued).
What is the fair value of 8136?
Our model-based fair value for IMS Group Holdings Ltd is HK$0.0566 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$0.0370.
What is the quality score of 8136?
IMS Group Holdings Ltd has a Quality Score of 46/100. 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 IMS Group Holdings Ltd (8136)?
IMS Group Holdings Ltd reported trailing-twelve-month revenue of about HK$57.9M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 8136?
The net profit margin of IMS Group Holdings Ltd is about 10.3%, meaning it keeps roughly 10.3% 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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