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PC Partner Group (PCT) Fair Value & Analysis

Technology · SG · Market cap 1.1B SGD

PP PC Partner Group PCT · SG
Price2.89 SGD
Fair Value5.87 SGD
Upside+103.1%
Quality81/100
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Healthy Growth
Thin margins · 3.5% net margin
generates free cash flow
20.37% dividend yield
Ranks above peers (10/10)
Narrow moat 43/100
Evidence: High Range 4.40 SGD – 7.34 SGD Share as image

Fair value as of: Jul 4, 2026

From 26 valuation models · updated 34 days ago

Share price +19.4% over the past month.

A strong business, screening 103% undervalued on our models.

What matters now

  • The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (4.40 SGD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (21 months)

3.10 SGD 0.7240 SGD Fair Value 5.87 SGD Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 4, 2026.

How to read this chart

21‑month range 0.7240 SGD – 3.10 SGD · fair‑value band 4.40 SGD – 7.34 SGD · the 2.89 SGD price screens below the 5.87 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 4, 2026.

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Analysis

PC Partner Group (PCT) currently trades at 2.89 SGD, while our model-based Fair Value estimate is 5.87 SGD, implying the stock looks roughly 103.1% undervalued today. We read business quality at 81/100 (high 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, PC Partner Group generated revenue of 14.0B SGD at a net margin of 3.5%. Revenue grew 47.9% year over year. It earns a return on equity of 16.4%. The stock trades on a trailing P/E of 13.1. Fundamentals as of Jul 4, 2026

Our scenario range runs from 4.40 SGD (bear case) to 7.34 SGD (bull case); at 2.89 SGD, the current price sits below 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 8% below its 52-week high and 264% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 103%, PCT 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 BearBaseBull Evidence
Highest evidence
Residual Income 1.81 SGD 2.24 SGD 4.92 SGD 76
Growth DCF 18.22 SGD 27.45 SGD 40.38 SGD 72
Gordon GGM 0.7165 SGD 1.29 SGD 1.78 SGD 70
All 26 models by family
DCF Models
FCF DCF 18.39 SGD 28.69 SGD 43.94 SGD 38
Owner Earnings 5.05 SGD 7.23 SGD 10.45 SGD 31
5Y Revenue Exit 9.97 SGD 13.15 SGD 16.96 SGD 39
5Y EBITDA Exit 10.41 SGD 14.04 SGD 18.16 SGD 41
5Y P/E Exit 10.36 SGD 13.93 SGD 17.68 SGD 38
10Y Revenue Exit 13.01 SGD 16.87 SGD 21.89 SGD 36
10Y EBITDA Exit 13.37 SGD 17.46 SGD 22.78 SGD 37
10Y P/E Exit 13.34 SGD 17.38 SGD 22.43 SGD 35
Earnings-Based
Graham-Dodd 2.00 SGD 8.51 SGD 11.63 SGD 54
Lynch FV 2.17 SGD 3.11 SGD 4.04 SGD 50
PEG = 1.0 2.17 SGD 3.11 SGD 4.04 SGD 46
EPV 3.90 SGD 4.22 SGD 4.50 SGD 59
Dividend Discount
Gordon GGM 0.7165 SGD 1.29 SGD 1.78 SGD 70
DDM Multi-Stage 0.7165 SGD 1.18 SGD 1.38 SGD 61
Multiples
P/E Multiple 4.40 SGD 5.87 SGD 7.34 SGD 63
P/S Multiple 3.74 SGD 4.99 SGD 6.24 SGD 58
P/B Multiple 3.74 SGD 4.99 SGD 6.24 SGD 55
EV/EBIT 6.63 SGD 8.34 SGD 10.06 SGD 53
EV/EBITDA 5.99 SGD 7.48 SGD 8.98 SGD 54
EV/Revenue 4.95 SGD 6.44 SGD 7.92 SGD 43
Asset-Based
NCAV (Graham) 0.9492 SGD 1.27 SGD 1.90 SGD 50
Growth DCF
Growth DCF 18.22 SGD 27.45 SGD 40.38 SGD 72
Rev-Margin DCF 9.97 SGD 13.37 SGD 17.71 SGD 67
Economic Profit
Residual Income 1.81 SGD 2.24 SGD 4.92 SGD 76
ROIC Compounder 4.03 SGD 4.52 SGD 5.03 SGD 67
Growth Earnings
Growth-Adj P/E 3.56 SGD 5.08 SGD 6.60 SGD 68

Widest divergence: DCF Models (14.04 SGD) versus Dividend Discount (1.18 SGD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 14.0B SGD
Revenue growth (YoY) +47.9%
Net margin 3.5%
Return on equity 16.4%
Free cash flow 2.8B SGD FY2025
P/E ratio 13.1
More key figures
Operating margin 4.8%
EPS (TTM) 0.2100 SGD
EPS growth (YoY) +256%

Figures from reported company fundamentals · as of Jul 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 81/100

Of which business quality 80 · Market factors (momentum, volatility) 84

Profitability 56
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 82
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

PC Partner Group Limited, an investment holding company, designs, develops, manufactures, and sells computer electronics. The company offers video graphics cards for desktop personal computers (PCs); and other PC related products and components, such as motherboards and mini-PCs.

Full company description

PC Partner Group Limited, an investment holding company, designs, develops, manufactures, and sells computer electronics. The company offers video graphics cards for desktop personal computers (PCs); and other PC related products and components, such as motherboards and mini-PCs. It also designs, manufactures, and trades in PC parts and accessories, and electronics; and provides technical support and company secretarial services, as well as subcontracting services for computer accessories and computers; and holds intellectual properties. In addition, the company offers electronics manufacturing services to the providers of automatic teller machines and point-of-sales systems, industrial devices, and various types of consumer electronic products. Further, it engages in wholesaling of computers, computer hardware and peripheral equipment, and software; and holding of properties. The company markets its products under the ZOTAC, Inno3D, and Manli brands. It has operations in the Asia Pacific, North and Latin America, the People's Republic of China, Europe, the Middle East, Africa, and India. The company was founded in 1997 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PC Partner Group reported revenue of 14.0B SGD in FY2025 versus 15.5B SGD in FY2021, a compound −2.5%/yr. Reported net income was 494M SGD in FY2025, compounding −32.5%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
14.0B SGD
Latest YoY
+38.4%
Avg. growth/yr (3Y)
+9.0%
Revenue −2.5%/yr
FY21 15.5B SGD
FY22 10.8B SGD
FY23 9.2B SGD
FY24 10.1B SGD
FY25 14.0B SGD
Net income −32.5%/yr
FY21 2.4B SGD
FY22 702M SGD
FY23 60.8M SGD
FY24 262M SGD
FY25 494M SGD

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Cite: Fair Value Calculator (2026). "PC Partner Group Fair Value". https://www.fairvalue-calculator.com/stock/PCT

Peer Group

Computer Hardware · 217 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 81 · Top 25%
Fair Value upside +103% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 48% · Top 25%
Dividend yield (TTM) 20.4% · Top 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers

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 100 · sector 0
FUTURE 100 · sector 55
PAST 65 · sector 26
HEALTH 0 · sector 97
DIVIDEND 100 · sector 42

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is PC Partner Group (PCT) overvalued or undervalued?
As of Jul 4, 2026, our model estimates a fair value of 5.87 SGD versus a price of 2.89 SGD, about +103% (undervalued).
What is the fair value of PCT?
Our model-based fair value for PC Partner Group is 5.87 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 2.89 SGD.
What is the quality score of PCT?
PC Partner Group has a Quality Score of 81/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of PC Partner Group (PCT)?
PC Partner Group reported trailing-twelve-month revenue of about 14.0B SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of PCT?
The net profit margin of PC Partner Group is about 3.5%, meaning it keeps roughly 3.5% 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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