Asia Pioneer Entertainment Holdings Ltd (8400) Fair Value & Analysis
Consumer Cyclical · HK · Market cap HK$120M
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$0.1066 to HK$0.1137 (+6.7%) since Aug 6, 2026. Share price −14.9% over the past month.
A strong business, screening 42% undervalued on our models.
What matters now
- The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (HK$0.0888). The market is more pessimistic than our downside scenario.
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$0.0260 – HK$0.1480 · fair‑value band HK$0.0888 – HK$0.1303 · the HK$0.0800 price screens below the HK$0.1137 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Asia Pioneer Entertainment Holdings Ltd (8400) currently trades at HK$0.0800, while our model-based Fair Value estimate is HK$0.1137, implying the stock looks roughly 42.1% undervalued today. The Quality Score stands at 83/100 (high quality), in the Consumer Cyclical 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, Asia Pioneer Entertainment Holdings Ltd generated revenue of HK$65.8M at a net margin of 9.3%. Revenue grew 38.8% year over year. It earns a return on equity of 26.5%. The balance sheet holds a net cash position of HK$10.0M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.0888 (bear case) to HK$0.1303 (bull case); at HK$0.0800, the current price sits below 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 51% below its 52-week high and 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -10% fair-value upside, at 42%, 8400 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.
All 24 models by family
Widest divergence: Growth Earnings (HK$0.2000) versus Asset-Based (HK$0.0200). Highest evidence: Residual Income (76).
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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 83 · Market factors (momentum, volatility) 65
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
Asia Pioneer Entertainment Holdings Limited, an investment holding company, engages in the supply of electronic gaming equipment in Macau, Taiwan, the Philippines, Korea, the People's Republic of China, Malaysia, Cambodia, Hong Kong, and internationally. The company operates through EGE Business and Smart VM Business segments.
Full company description
Asia Pioneer Entertainment Holdings Limited, an investment holding company, engages in the supply of electronic gaming equipment in Macau, Taiwan, the Philippines, Korea, the People's Republic of China, Malaysia, Cambodia, Hong Kong, and internationally. The company operates through EGE Business and Smart VM Business segments. It procures, distributes, installs, and repairs electronic gaming equipment (EGE) and its spare parts, as well as provides related after-sales services. The company also provides regulatory consultancy; product design and content consultancy, localization consultancy, and on-site consultancy services, as well as technical and support, and repair services. In addition, it offers electronic table games (ETGs), including electronic baccarat table games and electronic gaming machines comprising electronic slot machines. Further, the company operates smart vending machines (VMs); leases smart vending machines; franchises coffee vending machines under the KATFFEE brand; and markets drinks and snacks vending machines under the KatKatMall brand, as well as operates vending machines for consumer products, such as travel necessities and daily consumables, and CHY products. It serves casino operators, manufacturers of electronic gaming equipment, and consumers and travelers. The company was founded in 2005 and is headquartered in Macau.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Asia Pioneer Entertainment Holdings Ltd reported revenue of HK$65.8M in FY2025 versus HK$7.6M in FY2021, a compound +71.4%/yr. Reported net income was HK$6.1M in FY2025.
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Peer Group
Gambling · 57 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 Gambling 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.
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 Gambling stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
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|---|---|---|---|
| Flutter Entertainment plc FLUT | $98.08 | $88.33 | -10% |
| Evolution AB EVO | kr 737.20 | kr 973.92 | +32% |
| The Lottery Corporation TLC | A$5.43 | A$2.99 | -45% |
| Super Group SGHC | $12.81 | $9.39 | -27% |
| Light & Wonder, Inc LNWO | $89.75 | $77.19 | -14% |
| Lottomatica Group LTMC | €24.25 | €16.45 | -32% |
| Churchill Downs Incorporated CHDN | $88.53 | $88.74 | +0% |
| FDJ United FDJ | €22.33 | €20.97 | -6% |
| Brightstar Lottery PLC BRSL | $11.31 | $17.61 | +56% |
| Tabcorp Holdings TAH | A$0.9150 | A$0.6000 | -34% |
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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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