Loto Interactive Ltd (8198) Fair Value & Analysis

Technology · HK · Market cap HK$1.0B

Below-average quality, and screening another 89% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (HK$0.1955). The favourable scenario is already priced in.
• Weak quality (14/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (HK$0.0850 to HK$0.1955) 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$0.1510 – HK$4.95 · fair‑value band HK$0.0850 – HK$0.1955 · the HK$1.32 price screens above the HK$0.1445 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Loto Interactive Ltd (8198) currently trades at HK$1.32, while our model-based Fair Value estimate is HK$0.1445, implying the stock looks roughly 89.0% overvalued today. The Quality Score stands at 14/100 (below-average 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: low).

Trailing-twelve-month revenue stands at HK$47.2M. Revenue declined 23.4% year over year. It earns a return on equity of -83.3%. The balance sheet holds a net cash position of HK$74.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0850 (bear case) to HK$0.1955 (bull case); at HK$1.32, 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 76% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at -89%, 8198 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.

Widest divergence: Dividend Discount (HK$0.1800) versus Asset-Based (HK$0.1700). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Crypto Flow Technology Limited, an investment holding company, provides storage, electricity, and related services in Hong Kong, Australia, and the United States. It operates through four segments: Big Data Centre Services; Money Lending Business; Analysis Platform; and Exchange and OTC Services.

Full company description

Crypto Flow Technology Limited, an investment holding company, provides storage, electricity, and related services in Hong Kong, Australia, and the United States. It operates through four segments: Big Data Centre Services; Money Lending Business; Analysis Platform; and Exchange and OTC Services. The company operates big data centers that provide various services, including premises, hardware support, power supply, ancillary supervision, and management services. It is also involved in money lending business; and research and development activities for blockchain; and business models of infrastructure platform. In addition, the company engages in the development of Web3.0 platform; operation of on-chain data and analysis platform, as well as digital asset exchange and over-the counter services business. The company was formerly known as Loto Interactive Limited and changed its name to Crypto Flow Technology Limited in October 2022. Crypto Flow Technology Limited was incorporated in 1998 and is headquartered in Admiralty, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Loto Interactive Ltd reported revenue of HK$47.2M in FY2025 versus HK$8.7M in FY2021, a compound +52.8%/yr. Reported net income was −HK$89.2M in FY2025.

8198 screens 89% overvalued. Compare with International Business Machines Corporation →

Peer Group

Information Technology Services · 490 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 Information Technology 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.

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Frequently asked questions

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.