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KARIN TECHNOLOGY HLDGS LIMITED (K29) Fair Value & Analysis

Technology · SG · Market cap 56.7M SGD

KT KARIN TECHNOLOGY HLDGS LIMITED K29 · SG
Price0.2400 SGD
Fair Value0.2500 SGD
Upside+4.2%
Quality59/100
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Healthy Growth
Loss-making · -1.0% net margin
Low debt · generates free cash flow
14.72% dividend yield
Ranks above peers (8/12)
Narrow moat 6/100
Evidence: High Range 0.2300 SGD – 0.3100 SGD Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 5 days ago

Share price −2.0% over the past month.

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

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 0.2300 SGD (bear) to 0.3100 SGD (bull), base 0.2500 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

0.3246 SGD 0.1868 SGD Fair Value 0.2500 SGD May 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 0.1868 SGD – 0.3246 SGD · fair‑value band 0.2300 SGD – 0.3100 SGD · the 0.2400 SGD price screens below the 0.2500 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

KARIN TECHNOLOGY HLDGS LIMITED (K29) currently trades at 0.2400 SGD, while our model-based Fair Value estimate is 0.2500 SGD, implying the stock looks roughly 4.2% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Technology 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, KARIN TECHNOLOGY HLDGS LIMITED generated revenue of 2.1B SGD at a net margin of -1.0%. Revenue grew 14.5% year over year. It earns a return on equity of -5.5%. Net debt stands at 56.3M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2300 SGD (bear case) to 0.3100 SGD (bull case); at 0.2400 SGD, 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 17% below its 52-week high and 4% 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 4%, K29 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.

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
Growth DCF 3.56 SGD 4.25 SGD 5.27 SGD 80
Residual Income 1.31 SGD 1.26 SGD 1.03 SGD 76
Rev-Margin DCF 2.58 SGD 3.15 SGD 3.90 SGD 74
All 22 models by family
DCF Models
FCF DCF 3.49 SGD 4.22 SGD 5.40 SGD 38
Owner Earnings 1.70 SGD 1.97 SGD 2.39 SGD 31
5Y Revenue Exit 2.58 SGD 3.08 SGD 3.79 SGD 39
5Y EBITDA Exit 2.84 SGD 3.54 SGD 4.46 SGD 41
5Y P/E Exit 2.65 SGD 3.20 SGD 3.86 SGD 38
10Y Revenue Exit 2.98 SGD 3.35 SGD 3.71 SGD 36
10Y EBITDA Exit 3.14 SGD 3.59 SGD 4.04 SGD 37
10Y P/E Exit 3.04 SGD 3.41 SGD 3.75 SGD 35
Earnings-Based
Graham-Dodd 0.6100 SGD 0.7400 SGD 0.8400 SGD 54
EPV 1.23 SGD 1.30 SGD 1.35 SGD 59
Multiples
P/E Multiple 1.41 SGD 1.88 SGD 2.35 SGD 63
P/S Multiple 1.14 SGD 1.52 SGD 1.90 SGD 58
P/B Multiple 1.14 SGD 1.52 SGD 1.90 SGD 55
EV/EBIT 2.31 SGD 2.86 SGD 3.41 SGD 53
EV/EBITDA 2.52 SGD 3.14 SGD 3.76 SGD 54
EV/Revenue 1.84 SGD 2.34 SGD 2.85 SGD 43
Asset-Based
NCAV (Graham) 0.9600 SGD 1.28 SGD 1.92 SGD 50
Growth DCF
Growth DCF 3.56 SGD 4.25 SGD 5.27 SGD 80
Rev-Margin DCF 2.58 SGD 3.15 SGD 3.90 SGD 74
Economic Profit
Residual Income 1.31 SGD 1.26 SGD 1.03 SGD 76
ROIC Compounder 1.23 SGD 1.30 SGD 1.35 SGD 72
Growth Earnings
Growth-Adj P/E 1.00 SGD 1.42 SGD 1.85 SGD 68

Widest divergence: DCF Models (3.35 SGD) versus Earnings-Based (0.7400 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.1B SGD
Revenue growth (YoY) +14.5%
Net margin -1.0%
Return on equity -5.5%
Free cash flow 83.4M SGD FY2025
Operating margin -1.9%
More key figures
EPS (TTM) -0.0200 SGD
Dividend yield 14.7%
EPS growth (YoY) +2.1%
Net debt 56.3M SGD FY2023

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 61 · Market factors (momentum, volatility) 43

Profitability 40
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 81
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

Karin Technology Holdings Limited, an investment holding company, distributes electronic components, provides computer data storage management solutions and services, and distributes and retails consumer electronics products in Hong Kong, Mainland China, and internationally.

Full company description

Karin Technology Holdings Limited, an investment holding company, distributes electronic components, provides computer data storage management solutions and services, and distributes and retails consumer electronics products in Hong Kong, Mainland China, and internationally. It operates through three segments: Components Distribution, IT Infrastructure, and Consumer Electronics Products. The company offers cloud solutions; professional services in IT infrastructure; and network and security solution services. It also provides integrated circuit application design and development solutions, as well as distributes computer products and peripherals. In addition, the company is involved in the provision of provision of software products and solutions; professional consulting services and software products, solutions; IC software application design; and property holding business. The company was founded in 1977 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

KARIN TECHNOLOGY HLDGS LIMITED reported revenue of 1.9B SGD in FY2025 versus 1.9B SGD in FY2021, a compound +0.7%/yr. Reported net income was 19.2M SGD in FY2025, compounding −12.3%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.9B SGD
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.
+5.5%
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.
+4.1%
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.
−3.3%
Revenue +0.7%/yr
FY21 1.9B SGD
FY22 2.0B SGD
FY23 2.0B SGD
FY24 2.2B SGD
FY25 1.9B SGD
Net income −12.3%/yr
FY21 32.4M SGD
FY22 20.4M SGD
FY23 47.0M SGD
FY24 19.0M SGD
FY25 19.2M SGD

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Cite: Fair Value Calculator (2026). "KARIN TECHNOLOGY HLDGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/K29

Peer Group

Information Technology Services · 491 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 59 · Above median
Fair Value upside +4% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 15% · Above median
Dividend yield (TTM) 14.7% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.5× · 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 39 · sector 34
FUTURE 73 · sector 29
PAST 0 · sector 35
HEALTH 100 · sector 97
DIVIDEND 100 · sector 39

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 ₹1,115 ₹2,006 +80%
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 KARIN TECHNOLOGY HLDGS LIMITED (K29) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.2500 SGD versus a price of 0.2400 SGD, about +4% (fairly valued).
What is the fair value of K29?
Our model-based fair value for KARIN TECHNOLOGY HLDGS LIMITED is 0.2500 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2400 SGD.
What is the quality score of K29?
KARIN TECHNOLOGY HLDGS LIMITED has a Quality Score of 59/100. 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 KARIN TECHNOLOGY HLDGS LIMITED (K29)?
KARIN TECHNOLOGY HLDGS LIMITED reported trailing-twelve-month revenue of about 2.1B SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of K29?
The net profit margin of KARIN TECHNOLOGY HLDGS LIMITED is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does KARIN TECHNOLOGY HLDGS LIMITED pay a dividend?
KARIN TECHNOLOGY HLDGS LIMITED currently shows a dividend yield of about 14.72% relative to its recent price (as of Aug 13, 2026).

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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