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Hatcher Group Ltd (8365) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of Hatcher Group Ltd HK$1.58, price HK$0.86, upside +84.9%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · HK · ISIN KYG4404T1031

HG Thin data Sep 27, 2026

Hatcher Group Ltd

8365 · HK

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value HK$1.58 · Strongly undervalued (+84.9%)
!Quality 52/100
!Mixed Growth (revenue 5y +256.5 %/yr)
!Loss-making · -74.7% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (7/12)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$27.31 HK$0.2084 Fair Value HK$1.58 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range HK$0.2084 – HK$27.31 · fair‑value band HK$0.9350 – HK$2.65 · the HK$0.8550 price screens below the HK$1.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Hatcher Group Limited, an investment holding company, provides financial services in Hong Kong, the People's Republic of China, and Canada.

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Hatcher Group Limited, an investment holding company, provides financial services in Hong Kong, the People's Republic of China, and Canada. It offers corporate finance advisory services, such as acting as financial adviser in transactions or compliance matters under the rules governing the listing of securities on the stock exchange, the GEM listing rules, and/or the codes on takeovers and mergers and share buy-backs; independent financial adviser to the independent board committees and shareholders of listed companies; sponsor in initial public offerings (IPO) exercises; advising companies on compliance requirements; and compliance adviser to listed companies post-IPO. The company also provides placing and underwriting services by acting as underwriter, sub-underwriter, placing agent, or sub-placing agent in fund raising, as well as assists companies listed or to be listed on the stock exchange in securing investors. In addition, it offers business consulting services for individuals and/or entities; assists customers in enhancing and transforming business performance through strategic and operational re-engineering; and provides margin enhancement, finance functions and process enhancement, post-merger integration, cost optimization, and performance measurement services, as well as asset management services, such as advisory services for equity securities, fixed income securities, real estate securities, mutual funds, and portfolio management services for professional clients; and corporate secretarial, accounting and taxation, risk management, and internal control advisory services. The company was formerly known as VBG International Holdings Limited and changed its name to Hatcher Group Limited in October 2021. The company was incorporated in 2016 and is headquartered in Taikoo Shing, Hong Kong.

Stock analysis

Hatcher Group Ltd (8365) currently trades at HK$0.8550, while our model-based Fair Value estimate is HK$1.58, implying the stock looks roughly 45.9% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of HK$1.41 per share, and 2 of the 3 models we run sit above the HK$0.8550 price.

Bear case: the Asset-Based group reads lowest at HK$0.4000, and 1 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$0.9350 (bear) to HK$2.65 (bull), the price of HK$0.8550 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 52/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Hatcher Group Ltd reported revenue of HK$77.7M in FY2025 versus HK$313K in FY2021, a compound +297.0%/yr. Reported net income was −HK$47.6M in FY2025.

Key figures

Market cap HK$163M (≈ $20.8M) · P/E ratio 0.0 · P/S ratio 2.38 · EPS (TTM) HK$−0.2500 · Net margin −61.3% · Return on equity −38.2% · Return on assets (EBIT) −18.3% · Operating margin −41.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 73% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 85%, 8365 screens cheaper than that median.

Fair Value models

Bear HK$0.9350 Fair Value HK$1.58 Bull HK$2.65
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Growth DCF HK$1.07 HK$1.75 HK$2.84 74
Rev-Margin DCF HK$0.9400 HK$1.41 HK$2.38 69
NCAV (Graham) HK$0.3000 HK$0.4000 HK$0.5900 54
All 3 models by family
Asset-Based
NCAV (Graham) HK$0.3000 HK$0.4000 HK$0.5900 54
Growth DCF
Growth DCF HK$1.07 HK$1.75 HK$2.84 74
Rev-Margin DCF HK$0.9400 HK$1.41 HK$2.38 69

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Quality Score breakdown

Overall quality 52/100

Of which business quality 60 · Market factors (momentum, volatility) 24

Profitability 23
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+51,721.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+256.5%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−26,103.0% (2020) → −32.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−24.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −26.2% a year for the price.

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Peer Groupⓘ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.Capital Markets · 464 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside +84.9% · Top 25%
Profitability
Return on assets −31.0% · Bottom 25%
Net margin (TTM) −74.7% · Bottom 25%
Operating margin (TTM) −41.3% · Bottom 25%
Growth and dividend
Revenue growth −10.8% · Bottom 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (TTM) 0.0× · Cheapest 25%
P/B 0.18× · Cheapest 25%
P/S (TTM) 0.30× · Cheapest 25%
P/FCF 2.2× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 35
FUTURE (revenue growth)0 · sector 96
PAST (return on equity)0 · sector 31
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 43

Context: sector, industry, market

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

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $196.31 $314.07 +60%
The Goldman Sachs Group GS $935.45 $766.86 −18%
The Charles Schwab Corporation SCHW $99.03 $118.07 +19%
Interactive Brokers Group IBKR $89.24 $23.12 −74%
Robinhood Markets, Inc HOOD $116.22 $47.77 −59%
Macquarie Group MQG A$239.53 A$80.51 −66%
CITIC Securities Company 600030 ¥26.29 ¥18.35 −30%
Guotai Haitong Securities Co 601211 ¥17.21 ¥19.35 +12%
East Money Information Co 300059 ¥18.28 ¥4.94 −73%
Nomura Holdings NMR $9.91 $10.19 +3%

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Hatcher Group Ltd · Fair Value
HK$1.58 +46%Fair Value
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Cite: Fair Value Calculator (2026). "Hatcher Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8365

Frequently asked questions

Is Hatcher Group Ltd (8365) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$1.58 versus a price of HK$0.8550, about +85% upside (undervalued).
What is the fair value of 8365?
Our model-based fair value for Hatcher Group Ltd is HK$1.58 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.8550.
What is the quality score of 8365?
Hatcher Group Ltd has a Quality Score of 52/100. 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 price target for Hatcher Group Ltd (8365)?
Our model-based price target is the fair value of HK$1.58 (as of Sep 27, 2026) from 3 valuation models. Cautious scenario HK$0.9350, optimistic scenario HK$2.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Hatcher Group Ltd stock forecast for 2026?
Our models put fair value at HK$1.58, about +85% upside versus a price of HK$0.8550 (undervalued). Cautious scenario HK$0.9350, optimistic scenario HK$2.65. The calculation is refreshed regularly with new filings.
What is the revenue of Hatcher Group Ltd (8365)?
Hatcher Group Ltd reported trailing-twelve-month revenue of about HK$68.4M (latest available figure, as of Sep 27, 2026).
What growth is priced into Hatcher Group Ltd (8365)?
For today's price to be fair in a discounted-cash-flow model, Hatcher Group Ltd would have to grow free cash flow by -24.6 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +256.5 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 8365 use?
Our models discount Hatcher Group Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.31, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hatcher Group Ltd that is -24.6 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Hatcher Group Ltd (8365) delivered so far?
Over the past 5 years revenue at Hatcher Group Ltd grew +256.5 % a year. The price currently implies -24.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hatcher Group Ltd (8365) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Hatcher Group Ltd (-24.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hatcher Group Ltd (8365)?
The free-cash-flow yield on the price is 11.17 %: that much free cash flow Hatcher Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hatcher Group Ltd (8365)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hatcher Group Ltd it is HK$1.58 per share (as of Sep 27, 2026), against a price of HK$0.8550. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Hatcher Group Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 8365 trades below its calculated fair value: price HK$0.8550, fair value HK$1.58, a gap of about +85% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 8365?
No. The price is what the market pays today (HK$0.8550); the fair value is what the company's own numbers justify (HK$1.58). For Hatcher Group Ltd the two are HK$0.7260 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hatcher Group Ltd worth?
The market values Hatcher Group Ltd at about HK$163M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.8550; our models calculate a fair value of HK$1.58 per share.
What do the bullish and bearish scenarios say about 8365?
Our models span a range for Hatcher Group Ltd: cautious scenario HK$0.9350, base HK$1.58, optimistic HK$2.65 per share (as of Sep 27, 2026, price HK$0.8550). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8365?
Hatcher Group Ltd trades at a price-to-earnings ratio of 0.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$1.58 is built from several models across several years. Other multiples: P/B 0.2, P/S 0.3.
How solid is the balance sheet of Hatcher Group Ltd (8365)?
Balance-sheet figures for Hatcher Group Ltd (as of Sep 27, 2026): return on equity −38.2%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 8365 from its 52-week high?
Hatcher Group Ltd trades at HK$0.8550, about 73% below its 52-week high of HK$3.16 and 22% above the low of HK$0.7000 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.58 is for.
Which stocks are comparable to Hatcher Group Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hatcher Group Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.8550, calculated fair value HK$1.58 (+85%), Quality Score 52/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 8365 calculated?
We run Hatcher Group Ltd through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$1.58, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Hatcher Group Ltd currently trades 46 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hatcher Group Ltd (8365)?
The closing price on Sep 30, 2026 was HK$0.8550. Our model-based fair value is HK$1.58, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hatcher Group Ltd right now?
The price is below even our cautious bear case (HK$0.9350). The market is more pessimistic than our downside scenario. The model range is unusually wide (HK$0.9350 to HK$2.65). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (52/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Hatcher Group Ltd

How large is the market capitalisation of Hatcher Group Ltd (8365)?
The market capitalisation of Hatcher Group Ltd is HK$163M (≈ $20.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hatcher Group Ltd (8365)?
The price-to-sales ratio of Hatcher Group Ltd is 2.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hatcher Group Ltd (8365)?
Earnings per share at Hatcher Group Ltd are HK$−0.2500 (price ÷ EPS = P/E 0.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hatcher Group Ltd (8365)?
The net margin of Hatcher Group Ltd is −61.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hatcher Group Ltd (8365)?
The return on equity (ROE) of Hatcher Group Ltd is −38.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hatcher Group Ltd (8365)?
On an EBIT basis the return on assets of Hatcher Group Ltd is −18.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hatcher Group Ltd (8365)?
The operating margin of Hatcher Group Ltd is −41.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hatcher Group Ltd (8365)?
Revenue at Hatcher Group Ltd is growing −10.8% versus a year earlier (3y avg +1,499%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hatcher Group Ltd (8365)?
Earnings per share at Hatcher Group Ltd are growing +16.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hatcher Group Ltd (8365) hold?
Hatcher Group Ltd holds more cash than debt, HK$44.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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