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Kinetix Systems Holdings Ltd (8606) Fair Value & Analysis

Technology · HK · Market cap HK$75.2M

KS Kinetix Systems Holdings Ltd 8606 · HK
PriceHK$0.0530
Fair ValueHK$0.0514
Upside-3.0%
Quality53/100
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Healthy Growth
Thin margins · 0.6% net margin
generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 19/100
Evidence: Medium Range HK$0.0461 – HK$0.0567 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0394 to HK$0.0514 (+30.6%) since Aug 6, 2026. Share price +10.4% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$0.0461 (bear) to HK$0.0567 (bull), base HK$0.0514. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$1.74 HK$0.0450 Fair Value HK$0.0514 Mar 2021 Aug 2026

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$0.0450 – HK$1.74 · fair‑value band HK$0.0461 – HK$0.0567 · the HK$0.0530 price screens above the HK$0.0514 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kinetix Systems Holdings Ltd (8606) currently trades at HK$0.0530, while our model-based Fair Value estimate is HK$0.0514, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 53/100 (solid 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: medium).

Over the trailing twelve months, Kinetix Systems Holdings Ltd generated revenue of HK$393M at a net margin of 0.6%. Revenue grew 15.0% year over year. It earns a return on equity of 4.9%. The balance sheet holds a net cash position of HK$40.8M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0461 (bear case) to HK$0.0567 (bull case); at HK$0.0530, the current price sits within 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 59% below its 52-week high and 13% 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 -3%, 8606 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.

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
Residual Income HK$0.0400 HK$0.0300 HK$0.0300 76
Growth DCF HK$0.1900 HK$0.2500 HK$0.3400 72
Gordon GGM HK$0.0300 HK$0.0500 HK$0.0600 70
All 26 models by family
DCF Models
FCF DCF HK$0.1900 HK$0.2600 HK$0.3600 38
Owner Earnings HK$0.0700 HK$0.0900 HK$0.1100 31
5Y Revenue Exit HK$0.1100 HK$0.1300 HK$0.1500 39
5Y EBITDA Exit HK$0.1400 HK$0.1800 HK$0.2300 41
5Y P/E Exit HK$0.1200 HK$0.1500 HK$0.1700 38
10Y Revenue Exit HK$0.1400 HK$0.1700 HK$0.2000 36
10Y EBITDA Exit HK$0.1600 HK$0.2000 HK$0.2600 37
10Y P/E Exit HK$0.1500 HK$0.1800 HK$0.2200 35
Earnings-Based
Graham-Dodd HK$0.0100 HK$0.0500 HK$0.0600 54
Lynch FV HK$0.0100 HK$0.0200 HK$0.0200 50
PEG = 1.0 HK$0.0100 HK$0.0200 HK$0.0200 46
EPV HK$0.0500 HK$0.0500 HK$0.0500 59
Dividend Discount
Gordon GGM HK$0.0300 HK$0.0500 HK$0.0600 70
DDM Multi-Stage HK$0.0300 HK$0.0500 HK$0.0500 61
Multiples
P/E Multiple HK$0.0400 HK$0.0500 HK$0.0600 63
P/S Multiple HK$0.0200 HK$0.0300 HK$0.0400 58
P/B Multiple HK$0.0200 HK$0.0300 HK$0.0400 55
EV/EBIT HK$0.0700 HK$0.0800 HK$0.1000 53
EV/EBITDA HK$0.1100 HK$0.1300 HK$0.1500 54
EV/Revenue HK$0.0500 HK$0.0600 HK$0.0700 43
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0500 50
Growth DCF
Growth DCF HK$0.1900 HK$0.2500 HK$0.3400 72
Rev-Margin DCF HK$0.1100 HK$0.1300 HK$0.1600 67
Economic Profit
Residual Income HK$0.0400 HK$0.0300 HK$0.0300 76
ROIC Compounder HK$0.0500 HK$0.0500 HK$0.0500 67
Growth Earnings
Growth-Adj P/E HK$0.0200 HK$0.0300 HK$0.0500 68

Widest divergence: DCF Models (HK$0.1700) versus Earnings-Based (HK$0.0200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$393M
Revenue growth (YoY) +15.0%
Net margin 0.6%
Return on equity 4.9%
Free cash flow HK$25.0M FY2025
Operating margin 0.4%
More key figures
EPS growth (YoY) +19.5%
Net cash HK$40.8M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 55 · Market factors (momentum, volatility) 22

Profitability 44
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 40
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

Kinetix Systems Holdings Limited, an investment holding company, provides information technology (IT) services in Hong Kong, Macau, Singapore, the People's Republic of China, and the United Kingdom. It operates through three segments: IT Infrastructure Solutions Services, IT Development Solutions Services, IT Maintenance and Support Services segments.

Full company description

Kinetix Systems Holdings Limited, an investment holding company, provides information technology (IT) services in Hong Kong, Macau, Singapore, the People's Republic of China, and the United Kingdom. It operates through three segments: IT Infrastructure Solutions Services, IT Development Solutions Services, IT Maintenance and Support Services segments. The company offers IT infrastructure solutions services to clients by advising them the hardware and/or software that their IT systems would require and procuring the relevant hardware and/or software and integrating them with client's IT systems. It also provides IT development solutions services, including system analysis and design, software development, and technology consultancy services; and IT maintenance and support services. In addition, the company provides entertainment products and human resources services. It serves private and public sectors, including government agencies, banks and financial institutions, and technology and media companies, as well as transportation and logistics firms, etc. The company was founded in 1998 and is headquartered in Kwun Tong, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kinetix Systems Holdings Ltd reported revenue of HK$393M in FY2025 versus HK$254M in FY2021, a compound +11.5%/yr. Reported net income was HK$2.5M in FY2025.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$393M
Latest YoY
+17.2%
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.
+10.1%
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.
+6.8%
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.
+7.7%
Revenue +11.5%/yr
FY21 HK$254M
FY22 HK$295M
FY23 HK$309M
FY24 HK$335M
FY25 HK$393M
Net income
FY21 −HK$20.3M
FY22 −HK$67.1M
FY23 −HK$14.1M
FY24 −HK$4.7M
FY25 HK$2.5M

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Cite: Fair Value Calculator (2026). "Kinetix Systems Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8606

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.

Quality Score 53 · Below median
Fair Value upside −6% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 15% · Above median
Dividend yield (TTM) 8.0% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than median

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 26 · sector 33
FUTURE 75 · sector 30
PAST 20 · sector 35
HEALTH 0 · sector 97
DIVIDEND 100 · sector 40

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is Kinetix Systems Holdings Ltd (8606) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0514 versus a price of HK$0.0530, about −3% (fairly valued).
What is the fair value of 8606?
Our model-based fair value for Kinetix Systems Holdings Ltd is HK$0.0514 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0530.
What is the quality score of 8606?
Kinetix Systems Holdings Ltd has a Quality Score of 53/100. 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 Kinetix Systems Holdings Ltd (8606)?
Kinetix Systems Holdings Ltd reported trailing-twelve-month revenue of about HK$393M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8606?
The net profit margin of Kinetix Systems Holdings Ltd is about 0.6%, meaning it keeps roughly 0.6% 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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