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HKT Trust and HKT Limited (HKTTF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of HKT Trust and HKT Limited $1.43, price $1.66, upside -13.9%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Broad data
Oct 3, 2026
Broad data
Oct 3, 2026
HKT Trust and HKT Limited
HKTTF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
!Fair value $1.43 · Overvalued (−13.9%)
!Quality 54/100
✓Healthy Growth (revenue 5y +2.4 %/yr)
✓Solidly profitable · 14.5% net margin (TTM)
✓Moderate debt · generates free cash flow
!6.3% dividend yield · Payout strained
!Moderate moat 61/100
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
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $0.0787 – $1.66 · fair‑value band $0.8900 – $2.03 · the $1.66 price screens above the $1.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Company profile
HKT Trust and HKT Limited, an investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally. The company operates through Telecommunications Services, Mobile, and Other Businesses segments.
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HKT Trust and HKT Limited, an investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally. The company operates through Telecommunications Services, Mobile, and Other Businesses segments. It offers technology and telecommunications and related services including enterprise solutions, total home solutions, and media entertainment; mobile telecommunication; and operates The Club's loyalty platform. It also offers financial and healthtech services. The company was incorporated in 2011 and is headquartered in Quarry Bay, Hong Kong. HKT Trust and HKT Limited operates as a subsidiary of CAS Holding No.1 Ltd.
Stock analysis
HKT Trust and HKT Limited (HKTTF) currently trades at $1.66, while our model-based Fair Value estimate is $1.43, 13.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $1.51 per share, and 3 of the 24 models we run sit above the $1.66 price.
Bear case: the Asset-Based group reads lowest at $0.4100, and 21 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.8900 (bear) to $2.03 (bull), the price of $1.66 sits inside 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 54/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HKT Trust and HKT Limited reported revenue of HK$36.5B in FY2025 versus HK$34.0B in FY2021, a compound +1.8%/yr. Reported net income was HK$5.3B in FY2025, compounding +2.4%/yr from FY2021.
Key figures
Market cap $12.6B · P/E ratio 18.4 · P/S ratio 2.67 · EPS (TTM) $0.0900 · Dividend yield 6.3% · Net margin 14.5% · Return on equity 14.7% · Return on assets (EBIT) 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −14%, HKTTF screens richer than that median.
Fair Value models
Bear $0.8900
Fair Value $1.43
Bull $2.03
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
FCF DCF
$0.6900
$1.19
$2.02
78
Growth DCF
$0.7400
$1.22
$1.97
77
Residual Income
$0.6100
$0.7400
$0.9800
76
All 24 models by family
DCF Models
FCF DCF
$0.6900
$1.19
$2.02
78
Owner Earnings
$0.6100
$1.07
$1.84
74
5Y Revenue Exit
$0.6100
$1.18
$1.94
70
5Y EBITDA Exit
$1.03
$1.91
$2.97
73
5Y P/E Exit
$0.6700
$1.28
$1.94
69
10Y Revenue Exit
$0.6000
$1.10
$1.69
65
10Y EBITDA Exit
$0.8900
$1.59
$2.40
67
10Y P/E Exit
$0.6700
$1.17
$1.70
63
Earnings-Based
Graham-Dodd
$0.6000
$1.14
$1.42
66
EPV
$0.5600
$0.7600
$0.9300
74
Dividend Discount
Gordon GGM
$0.9300
$1.27
$1.62
69
DDM Multi-Stage
$0.9300
$1.29
$1.72
67
Multiples
P/E Multiple
$1.47
$1.95
$2.44
63
P/S Multiple
$1.13
$1.51
$1.89
58
P/B Multiple
$1.13
$1.51
$1.89
55
EV/EBIT
$1.05
$1.61
$2.17
65
EV/EBITDA
$1.52
$2.23
$2.94
66
EV/Revenue
$0.6500
$1.19
$1.74
52
Asset-Based
NCAV (Graham)
$0.3100
$0.4100
$0.6200
54
Growth DCF
Growth DCF
$0.7400
$1.22
$1.97
77
Rev-Margin DCF
$0.6100
$1.20
$1.88
71
Economic Profit
Residual Income
$0.6100
$0.7400
$0.9800
76
ROIC Compounder
$0.5600
$0.7900
$1.04
71
Growth Earnings
Growth-Adj P/E
$1.05
$1.49
$1.94
67
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Set up alert →Quality Score breakdown
Overall quality
54/100
Of which business quality 52 · Market factors (momentum, volatility) 76
Profitability
38
Margins and returns on capital today
Quality Growth
37
Are margins and returns improving?
Cashflow
75
Earnings quality: real cash, not paper profit
Fin. Strength
22
Balance sheet, leverage, solvency risk
Investment
70
Disciplined investing over empire-building
Low Volatility
50
Calm price path (market factor)
Momentum
80
Price trend over the last 3–12 months (market factor)
52W Momentum
100
Distance to the 52-week high (market factor)
Net Issuance
82
Share count: buybacks or dilution?
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.
73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.2%
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.
+2.3%
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.
+2.4%
Start year 2020 (pandemic). Over 10 years: +0.5% a year
Revenue growth 15 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.
+4.6%
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What shareholders gained per year (last 5 years) ⓘ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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)6.3%
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.0.2% vs 2.9%, steady
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.22% → 23%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+7.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in HKD, Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +5.4% a year for the price.
HKTTF screens overvalued: fair value 14% below the price. Compare with China Mobile Limited →
Compare HKT Trust and HKT Limited with another stock
Price, fair value, quality and upside side by side.
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Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA 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 Telecom Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 80941 | HK$67.30 | HK$114.85 | +71% |
| Verizon Communications Inc VZ | $45.87 | $70.27 | +53% |
| T-Mobile US, Inc TMUS | $162.98 | $272.88 | +67% |
| AT&T Inc T | $24.48 | $51.11 | +109% |
| Bharti Airtel Limited BHARTIARTL | ₹1,741 | ₹1,883 | +8% |
| China Telecom Corporation 601728 | ¥6.16 | ¥8.36 | +36% |
| Saudi Telecom Company 7010 | 43.22 SAR | 41.80 SAR | −3% |
| Singapore Telecommunications Limited Z74 | 4.28 SGD | 2.16 SGD | −50% |
| Swisscom AG SCMN | CHF 639.00 | CHF 505.18 | −21% |
| Telstra Group TLS | A$4.83 | A$4.43 | −8% |
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Frequently asked questions
Is HKT Trust and HKT Limited (HKTTF) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $1.43 versus a price of $1.66, about −14% upside (overvalued).
What is the fair value of HKTTF?
Our model-based fair value for HKT Trust and HKT Limited is $1.43 (as of Oct 3, 2026), built from audited fundamentals. The current price: $1.66.
What is the quality score of HKTTF?
HKT Trust and HKT Limited has a Quality Score of 54/100. 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 HKT Trust and HKT Limited (HKTTF)?
Our model-based price target is the fair value of $1.43 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario $0.8900, optimistic scenario $2.03. It is a calculation from audited fundamentals, not an analyst target.
What is the HKT Trust and HKT Limited stock forecast for 2026?
Our models put fair value at $1.43, about −14% upside versus a price of $1.66 (overvalued). Cautious scenario $0.8900, optimistic scenario $2.03. The calculation is refreshed regularly with new filings.
What is the revenue of HKT Trust and HKT Limited (HKTTF)?
HKT Trust and HKT Limited reported trailing-twelve-month revenue of about HK$36.6B (latest available figure, as of Oct 3, 2026).
Does HKT Trust and HKT Limited pay a dividend?
HKT Trust and HKT Limited currently shows a dividend yield of about 6.29% relative to its recent price (as of Oct 3, 2026).
What growth is priced into HKT Trust and HKT Limited (HKTTF)?
For today's price to be fair in a discounted-cash-flow model, HKT Trust and HKT Limited would have to grow free cash flow by +7.6 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of HKTTF use?
Our models discount HKT Trust and HKT Limited at 8.1 %: a base by market capitalisation (large), damped by beta 0.43, country premium for USA. 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 HKT Trust and HKT Limited that is +7.6 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has HKT Trust and HKT Limited (HKTTF) delivered so far?
Over the past 5 years revenue at HKT Trust and HKT Limited grew +2.4 % a year. The price currently implies +7.6 % 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 HKT Trust and HKT Limited (HKTTF) growing?
The median revenue growth in the sector is +3.1 % a year. That is the yardstick for the growth priced into HKT Trust and HKT Limited (+7.6 % 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 HKT Trust and HKT Limited (HKTTF)?
The free-cash-flow yield on the price is 6.17 %: that much free cash flow HKT Trust and HKT Limited produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HKT Trust and HKT Limited (HKTTF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HKT Trust and HKT Limited it is $1.43 per share (as of Oct 3, 2026), against a price of $1.66. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is HKT Trust and HKT Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, HKTTF trades above its calculated fair value: price $1.66, fair value $1.43, a gap of about −14% (overvalued). 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 HKTTF?
No. The price is what the market pays today ($1.66); the fair value is what the company's own numbers justify ($1.43). For HKT Trust and HKT Limited the two are $0.2300 per share apart. That gap is exactly why we show both numbers side by side.
How much is HKT Trust and HKT Limited worth?
The market values HKT Trust and HKT Limited at about $12.6B (market capitalisation, as of Oct 3, 2026). Per share that is $1.66; our models calculate a fair value of $1.43 per share.
What do the bullish and bearish scenarios say about HKTTF?
Our models span a range for HKT Trust and HKT Limited: cautious scenario $0.8900, base $1.43, optimistic $2.03 per share (as of Oct 3, 2026, price $1.66). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is HKTTF from its 52-week high?
HKT Trust and HKT Limited trades at $1.66, at its 52-week high of $1.66 and 45% above the low of $1.15 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $1.43 is for.
Which stocks are comparable to HKT Trust and HKT Limited?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 HKT Trust and HKT Limited stock attractive at the current price?
The data as of Oct 3, 2026: price $1.66, calculated fair value $1.43 (−14%), Quality Score 54/100, from 24 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 HKTTF calculated?
We run HKT Trust and HKT Limited through 24 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 $1.43, 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 14.5 % above its aggregate fair value. HKT Trust and HKT Limited itself currently trades above fair value. 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 HKT Trust and HKT Limited (HKTTF)?
The closing price on Oct 2, 2026 was $1.66. Our model-based fair value is $1.43, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HKT Trust and HKT Limited right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($0.8900 to $2.03) leaves room in how you read the outcome.
Where does the earnings growth of HKT Trust and HKT Limited (HKTTF) come from?
Earnings per share at HKT Trust and HKT Limited grew +2.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.7 %, EBIT margin +3.1 %, tax rate −0.1 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of HKT Trust and HKT Limited
How large is the market capitalisation of HKT Trust and HKT Limited (HKTTF)?
The market capitalisation of HKT Trust and HKT Limited is $12.6B. 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/E ratio of HKT Trust and HKT Limited (HKTTF)?
The price-to-earnings ratio of HKT Trust and HKT Limited is 18.4. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of HKT Trust and HKT Limited (HKTTF)?
The price-to-sales ratio of HKT Trust and HKT Limited is 2.67 (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 HKT Trust and HKT Limited (HKTTF)?
Earnings per share at HKT Trust and HKT Limited are $0.0900 (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HKT Trust and HKT Limited (HKTTF)?
The dividend yield of HKT Trust and HKT Limited is 6.3% (payout 116%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HKT Trust and HKT Limited (HKTTF)?
The net margin of HKT Trust and HKT Limited is 14.5% (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 HKT Trust and HKT Limited (HKTTF)?
The return on equity (ROE) of HKT Trust and HKT Limited is 14.7% (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 HKT Trust and HKT Limited (HKTTF)?
On an EBIT basis the return on assets of HKT Trust and HKT Limited is 6.8% (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 HKT Trust and HKT Limited (HKTTF)?
The operating margin of HKT Trust and HKT Limited is 24.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HKT Trust and HKT Limited (HKTTF)?
Revenue at HKT Trust and HKT Limited is growing +6.3% versus a year earlier (3y avg +2.3%). 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 HKT Trust and HKT Limited (HKTTF)?
Earnings per share at HKT Trust and HKT Limited are growing +4.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HKT Trust and HKT Limited (HKTTF) carry?
The net debt of HKT Trust and HKT Limited is HK$45.1B (fiscal year 2025, ≈ 7.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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