WAC Holdings Ltd (8619) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of WAC Holdings Ltd HK$0.13, price HK$0.08, upside +62.3%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch WAC Holdings Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
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$0.0690 – HK$15.38 · fair‑value band HK$0.0960 – HK$0.1623 · the HK$0.0770 price screens below the HK$0.1250 fair value. Dashed = 300-day average. As of Sep 27, 2026.
Follow WAC Holdings in your weekly email
Every Wednesday you see whether WAC Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
NIU Holdings Limited, together with its subsidiaries, provides structural and geotechnical engineering design and consultancy services in Hong Kong, Macau, and the People's Republic of China.
Show more
NIU Holdings Limited, together with its subsidiaries, provides structural and geotechnical engineering design and consultancy services in Hong Kong, Macau, and the People's Republic of China. The company offers structural engineering services, such as loading calculation and stress design; geotechnical engineering services, including calculation of earth surface conditions and assessment of risks posed by site conditions; civil engineering services, which involve infrastructure works and drainage; and material engineering services, including analyzing the use of and selecting building materials in a construction project, as well as other related services, such as registered structural engineers and authorized persons work in relation to alterations, additions work, and expert services. It also provides slope investigation and improvement projects, site formation, excavation, and lateral support works for residential, office, hotel, commercial, institutional, educational, and industrial developments, as well as construction of new properties and refurbishment/maintenance of existing properties. In addition, the company offers IT solutions and services; procurement of IT products; installation services for IT equipment; computer"aided drawings, design of construction, and back-office support; and equipment rental services. The company was formerly known as King Of Catering (Global) Holdings Ltd. and changed its name to NIU Holdings Limited in June 2025. NIU Holdings Limited was founded in 1987 and is headquartered in Sha Tin, Hong Kong.
Stock analysis
WAC Holdings Ltd (8619) currently trades at HK$0.0770, while our model-based Fair Value estimate is HK$0.1250, implying the stock looks roughly 38.4% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$0.1949 per share, and 5 of the 10 models we run sit above the HK$0.0770 price.
Bear case: the Asset-Based group reads lowest at HK$0.0219, and 5 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.0960 (bear) to HK$0.1623 (bull), the price of HK$0.0770 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 36/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
WAC Holdings Ltd reported revenue of HK$104M in FY2025 versus HK$77.3M in FY2021, a compound +7.8%/yr. Reported net income was HK$64.5M in FY2025, compounding +78.8%/yr from FY2021.
Key figures
Market cap HK$27.3M (≈ $3.5M) · P/E ratio 0.5 · P/S ratio 0.28 · EPS (TTM) HK$0.4200 · Net margin 61.9% · Return on equity 31.4% · Return on assets (EBIT) 0.0% · Operating margin −11.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 62%, 8619 screens cheaper than that median.
Fair Value models
Bear HK$0.0960Fair Value HK$0.1250Bull HK$0.1623
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (HK$0.4200 per share) are deliberately not added.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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.3%
Revenue growth 3 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.
+9.6%
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.
+12.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+4.9%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+79.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+79.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.49.0% vs 13.3%, picking up
Profit margin 2020 to 2025 ⓘ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.−11% → −14%
2025 sits 1,908% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Engineering & Construction · 803 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+62.3% · Top 25%
Profitability
Return on equity (TTM)31.4% · Top 25%
Return on assets−0.8% · Bottom 25%
Net margin (TTM)61.9% · Top 25%
Operating margin (TTM)−11.3% · Bottom 25%
Growth and dividend
Revenue growth−19.9% · Bottom 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is WAC Holdings Ltd (8619) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1250 versus a price of HK$0.0770, about +62% upside (undervalued).
What is the fair value of 8619?
Our model-based fair value for WAC Holdings Ltd is HK$0.1250 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.0770.
What is the quality score of 8619?
WAC Holdings Ltd has a Quality Score of 36/100. 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 WAC Holdings Ltd (8619)?
Our model-based price target is the fair value of HK$0.1250 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario HK$0.0960, optimistic scenario HK$0.1623. It is a calculation from audited fundamentals, not an analyst target.
What is the WAC Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1250, about +62% upside versus a price of HK$0.0770 (undervalued). Cautious scenario HK$0.0960, optimistic scenario HK$0.1623. The calculation is refreshed regularly with new filings.
What is the revenue of WAC Holdings Ltd (8619)?
WAC Holdings Ltd reported trailing-twelve-month revenue of about HK$92.4M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of WAC Holdings Ltd (8619)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WAC Holdings Ltd it is HK$0.1250 per share (as of Sep 27, 2026), against a price of HK$0.0770. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is WAC Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 8619 trades below its calculated fair value: price HK$0.0770, fair value HK$0.1250, a gap of about +62% (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 8619?
No. The price is what the market pays today (HK$0.0770); the fair value is what the company's own numbers justify (HK$0.1250). For WAC Holdings Ltd the two are HK$0.0480 per share apart. That gap is exactly why we show both numbers side by side.
How much is WAC Holdings Ltd worth?
The market values WAC Holdings Ltd at about HK$27.3M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.0770; our models calculate a fair value of HK$0.1250 per share.
What do the bullish and bearish scenarios say about 8619?
Our models span a range for WAC Holdings Ltd: cautious scenario HK$0.0960, base HK$0.1250, optimistic HK$0.1623 per share (as of Sep 27, 2026, price HK$0.0770). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8619?
WAC Holdings Ltd trades at a price-to-earnings ratio of 0.5 (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$0.1250 is built from several models across several years. Other multiples: P/B 0.1, P/S 0.3.
How solid is the balance sheet of WAC Holdings Ltd (8619)?
Balance-sheet figures for WAC Holdings Ltd (as of Sep 27, 2026): return on equity 31.4%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 8619 from its 52-week high?
WAC Holdings Ltd trades at HK$0.0770, about 63% below its 52-week high of HK$0.2062 and 12% above the low of HK$0.0690 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1250 is for.
Which stocks are comparable to WAC Holdings Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 WAC Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.0770, calculated fair value HK$0.1250 (+62%), Quality Score 36/100, from 10 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 8619 calculated?
We run WAC Holdings Ltd through 10 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$0.1250, 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. WAC Holdings Ltd currently trades 38 % 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 WAC Holdings Ltd (8619)?
The closing price on Sep 30, 2026 was HK$0.0770. Our model-based fair value is HK$0.1250, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WAC Holdings Ltd right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$0.0960). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of WAC Holdings Ltd
How large is the market capitalisation of WAC Holdings Ltd (8619)?
The market capitalisation of WAC Holdings Ltd is HK$27.3M (≈ $3.5M). 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 WAC Holdings Ltd (8619)?
The price-to-sales ratio of WAC Holdings Ltd is 0.28 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of WAC Holdings Ltd (8619)?
Earnings per share at WAC Holdings Ltd are HK$0.4200 (price ÷ EPS = P/E 0.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of WAC Holdings Ltd (8619)?
The net margin of WAC Holdings Ltd is 61.9% (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 WAC Holdings Ltd (8619)?
The return on equity (ROE) of WAC Holdings Ltd is 31.4% (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 WAC Holdings Ltd (8619)?
On an EBIT basis the return on assets of WAC Holdings Ltd is 0.0% (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 WAC Holdings Ltd (8619)?
The operating margin of WAC Holdings Ltd is −11.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WAC Holdings Ltd (8619)?
Revenue at WAC Holdings Ltd is growing −19.9% versus a year earlier (3y avg +9.6%). 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 WAC Holdings Ltd (8619)?
Earnings per share at WAC Holdings Ltd are growing −38.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does WAC Holdings Ltd (8619) generate?
The free cash flow of WAC Holdings Ltd is −HK$38.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does WAC Holdings Ltd (8619) hold?
WAC Holdings Ltd holds more cash than debt, HK$6.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch WAC Holdings Ltd in the live analysis
One click puts WAC Holdings Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
