Niche-Tech Group Ltd (8490) Fair Value & Analysis
Technology · HK · Market cap HK$100M
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$0.0300 to HK$0.0600 (+100.0%) since Aug 6, 2026. Share price −13.7% over the past month.
Below-average quality, and screening another 44% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$0.0800). The favourable scenario is already priced in.
- Weak quality (43/100) 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$0.0400 to HK$0.0800) 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$0.0790 – HK$0.4600 · fair‑value band HK$0.0400 – HK$0.0800 · the HK$0.1070 price screens above the HK$0.0600 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Niche-Tech Group Ltd (8490) currently trades at HK$0.1070, while our model-based Fair Value estimate is HK$0.0600, implying the stock looks roughly 43.9% overvalued today. The Quality Score stands at 43/100 (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).
Over the trailing twelve months, Niche-Tech Group Ltd generated revenue of HK$147M at a net margin of -26.4%. Revenue declined 18.4% year over year. It earns a return on equity of -24.7%. Net debt stands at HK$97.3M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.0400 (bear case) to HK$0.0800 (bull case); at HK$0.1070, 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 61% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -72% fair-value upside, at -44%, 8490 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 1 models by family
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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 43 · Market factors (momentum, volatility) 24
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
Niche-Tech Semiconductor Materials Limited, an investment holding company, engages in the development, manufacture, and sale of semiconductor packaging materials in the People's Republic of China, Hong Kong, and internationally.
Full company description
Niche-Tech Semiconductor Materials Limited, an investment holding company, engages in the development, manufacture, and sale of semiconductor packaging materials in the People's Republic of China, Hong Kong, and internationally. It provides copper-bonding wires, power copper bonding wires, aluminum silicon bonding wires, heavy aluminum bonding wires, silver alloy bonding wires, pd-coated copper wires, copper alloy bonding wires, gold bonding wires, and gold alloy bonding wires; and silicone encapsulant for LED filament and COB LED. The company also offers epoxy encapsulant products, such as glob top epoxy, LED epoxy encapsulant, and LED liquid molding epoxy; die attach adhesives for COB, LED die attached epoxy and silicone, and die attached silver adhesive; and soldering materials. It serves manufacturers of LEDs, camera modules, power devices, IC packaging, toys, and electronic products. The company was formerly known as Niche-Tech Group Limited and changed its name to Niche-Tech Semiconductor Materials Limited in September 2022. Niche-Tech Semiconductor Materials Limited was founded in 2006 and is headquartered in Tai Po, Hong Kong. The company operates as a subsidiary of Niche-Tech Investment Holdings Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Niche-Tech Group Ltd reported revenue of HK$147M in FY2025 versus HK$249M in FY2021, a compound −12.4%/yr. Reported net income was −HK$38.8M in FY2025.
8490 screens 44% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 208 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 Semiconductor Equipment & Materials 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.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$46.39 | C$21.15 | -54% |
| Applied Materials, Inc AMAT | $548.15 | $183.10 | -67% |
| Lam Research Corporation LRCX | $326.11 | $91.80 | -72% |
| KLA Corporation KLAC | $200.47 | $74.58 | -63% |
| NAURA Technology Group 002371 | ¥760.00 | ¥205.30 | -73% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥380.95 | ¥55.05 | -86% |
| Hon. Precision, Inc 7769 | 6,480 TWD | 1,804 TWD | -72% |
| MPI Corporation 6223 | 6,495 TWD | 738.64 TWD | -89% |
| HANMI Semiconductor Co 042700 | 217,500 KRW | 47,976 KRW | -78% |
| Wonik IPS Co 240810 | 120,000 KRW | 36,380 KRW | -70% |
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Frequently asked questions
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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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