Vtech Holdings (303) Stock Overview
Designs, manufactures, and distributes electronic products in Hong Kong, North America, Europe, the Asia Pacific, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
303 Community Fair Values
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Analyst Price Targets
Vtech Holdings Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$63.00 |
| 52 Week High | HK$67.90 |
| 52 Week Low | HK$51.40 |
| Beta | 0.47 |
| 1 Month Change | 2.11% |
| 3 Month Change | 0.88% |
| 1 Year Change | 13.21% |
| 3 Year Change | 39.38% |
| 5 Year Change | -6.46% |
| Change since IPO | 1,028.36% |
Recent News & Updates
Narrative Update • Apr 24
303: Future Upside Will Rely On Steady Margins And P E Support
Analysts kept their fair value estimate for Vtech Holdings steady at about HK$73.21 per share, explaining that only minor adjustments to the discount rate and long term P/E assumption did not justify a change in the overall price target. Valuation Changes Fair Value: HK$73.21 remains unchanged, with no revision to the estimated fair value per share.Narrative Update • Apr 10
303: Future Upside Will Rely On Stable Margins And Cash Returns
Analysts have adjusted their HK$73.21 price target for Vtech Holdings only marginally, reflecting small tweaks to assumptions around the discount rate, profit margin and future P/E rather than any broad change in view on the company. Valuation Changes Fair Value: HK$73.21 is unchanged, indicating no revision to the central valuation output.Narrative Update • Mar 27
303: Future Upside Will Rely On Stable Margins And Cash Returns
Analysts have slightly reduced their fair value estimate for Vtech Holdings to HK$73.21 from HK$73.44, reflecting marginal adjustments to assumptions for the discount rate, long-term revenue growth, profit margin and future P/E, rather than any major change in outlook. Valuation Changes Fair Value: HK$73.44 to HK$73.21, a very small reduction that keeps the estimate broadly in the same range.Narrative Update • Mar 12
303: Higher Implied Upside Will Rely On Steady Margins And Cash Returns
Analysts now see Vtech Holdings' fair value at approximately HK$73.44 per share, up from about HK$70.19. This reflects updated assumptions on discount rates and future P/E multiples, while revenue growth and profit margin expectations remain broadly in line with prior estimates.Recent updates
Narrative Update • Apr 24
303: Future Upside Will Rely On Steady Margins And P E Support
Analysts kept their fair value estimate for Vtech Holdings steady at about HK$73.21 per share, explaining that only minor adjustments to the discount rate and long term P/E assumption did not justify a change in the overall price target. Valuation Changes Fair Value: HK$73.21 remains unchanged, with no revision to the estimated fair value per share.Narrative Update • Apr 10
303: Future Upside Will Rely On Stable Margins And Cash Returns
Analysts have adjusted their HK$73.21 price target for Vtech Holdings only marginally, reflecting small tweaks to assumptions around the discount rate, profit margin and future P/E rather than any broad change in view on the company. Valuation Changes Fair Value: HK$73.21 is unchanged, indicating no revision to the central valuation output.Narrative Update • Mar 27
303: Future Upside Will Rely On Stable Margins And Cash Returns
Analysts have slightly reduced their fair value estimate for Vtech Holdings to HK$73.21 from HK$73.44, reflecting marginal adjustments to assumptions for the discount rate, long-term revenue growth, profit margin and future P/E, rather than any major change in outlook. Valuation Changes Fair Value: HK$73.44 to HK$73.21, a very small reduction that keeps the estimate broadly in the same range.Narrative Update • Mar 12
303: Higher Implied Upside Will Rely On Steady Margins And Cash Returns
Analysts now see Vtech Holdings' fair value at approximately HK$73.44 per share, up from about HK$70.19. This reflects updated assumptions on discount rates and future P/E multiples, while revenue growth and profit margin expectations remain broadly in line with prior estimates.Narrative Update • Feb 25
303: Stable Outlook Will Rely On Steady Margins And Consistent Cash Returns
Analysts have kept their fair value estimate for Vtech Holdings broadly aligned with prior levels. This has led to a stable HK$ price target, as only minor tweaks were made to inputs such as the discount rate and assumed future P/E multiple.Narrative Update • Feb 09
303: Second Half Recovery Will Support Stable Margins And Undervalued Outlook
Analysts have made only a minor adjustment to their price target for Vtech Holdings, reflecting small updates to inputs such as the discount rate and assumed future P/E while keeping fair value essentially unchanged. What's in the News Vtech Holdings issued earnings guidance for the second half of the 2026 financial year, indicating that sales are anticipated to improve compared with the first half, supported by higher sales of electronic learning products and telecommunications (TEL) products (Key Developments).Analysis Article • Feb 05
Returns On Capital At Vtech Holdings (HKG:303) Have Stalled
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Jan 23
303: Second Half Sales Recovery Will Support Stronger Profit Outlook
Analysts have kept their fair value estimate for VTech Holdings broadly unchanged at about HK$70.19 per share, with only slight tweaks to inputs such as the discount rate and assumed future P/E. This reflects a view that the stock's risk profile and long term earnings outlook remain broadly consistent with prior expectations.Analysis Article • Jan 16
What Vtech Holdings Limited's (HKG:303) P/E Is Not Telling You
It's not a stretch to say that Vtech Holdings Limited's ( HKG:303 ) price-to-earnings (or "P/E") ratio of 14.1x right...Narrative Update • Jan 09
303: Second Half Sales Recovery Will Support Stronger Profit Outlook
Analysts have trimmed their price target on Vtech Holdings to US$70.19, reflecting slightly higher discount rate assumptions and a more cautious revenue growth outlook, partially offset by a modestly stronger profit margin and essentially unchanged forward P/E expectations. What's in the News Vtech expects second half 2026 sales to improve compared with the first half, supported by higher sales of electronic learning products and telecom products (corporate guidance).Narrative Update • Dec 15
303: Second Half Demand Recovery Will Support Renewed Confidence
Narrative Update Analysts have nudged their price target on VTech Holdings slightly higher to approximately $70.19 per share, citing a modestly increased discount rate and a slightly richer assumed future price to earnings multiple, while leaving growth and margin expectations effectively unchanged. What's in the News Issued earnings guidance indicating second half of financial year 2026 sales are expected to improve versus the first half, supported by stronger demand for electronic learning products and telecommunications products (company guidance).Narrative Update • Nov 28
303: Improved Earnings Guidance Will Spark Renewed Confidence In Second Half
Analysts have slightly increased their price target for Vtech Holdings from $69.88 to $70.19. They cite revised models that reflect lower revenue growth expectations and a marginal uptick in discount rates, balanced by improved future valuation multiples.Narrative Update • Nov 14
303: Strong Second Half Performance Will Drive Improved Revenue Outlook
Analysts have raised their price target for Vtech Holdings from $65.77 to $69.88, citing improved revenue growth and slightly higher expected profit margins as key drivers for their updated outlook. What's in the News Vtech Holdings issued new earnings guidance for the second half and full year 2026.Analysis Article • Nov 12
Is Vtech Holdings Limited (HKG:303) Trading At A 29% Discount?
Key Insights Vtech Holdings' estimated fair value is HK$92.36 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Sep 08
Some Confidence Is Lacking In Vtech Holdings Limited's (HKG:303) P/E
It's not a stretch to say that Vtech Holdings Limited's ( HKG:303 ) price-to-earnings (or "P/E") ratio of 12.5x right...New Narrative • Jun 29
Global Manufacturing Shifts And Green Tech Will Build Resilience
Global expansion and manufacturing shifts are set to reduce trade risks and optimize margins, while supporting supply chain resilience and capacity utilization.Analysis Article • May 22
There May Be Some Bright Spots In Vtech Holdings' (HKG:303) Earnings
The most recent earnings report from Vtech Holdings Limited ( HKG:303 ) was disappointing for shareholders. However...Analysis Article • Apr 24
The Returns On Capital At Vtech Holdings (HKG:303) Don't Inspire Confidence
If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...Analysis Article • Mar 05
Vtech Holdings Limited's (HKG:303) Shareholders Might Be Looking For Exit
There wouldn't be many who think Vtech Holdings Limited's ( HKG:303 ) price-to-earnings (or "P/E") ratio of 11.3x is...Analysis Article • Oct 11
Vtech Holdings (HKG:303) Is Aiming To Keep Up Its Impressive Returns
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Analysis Article • Jul 16
Estimating The Fair Value Of Vtech Holdings Limited (HKG:303)
Key Insights The projected fair value for Vtech Holdings is HK$71.08 based on Dividend Discount Model Vtech Holdings...Analysis Article • Jun 28
We Like Vtech Holdings' (HKG:303) Earnings For More Than Just Statutory Profit
The market seemed underwhelmed by last week's earnings announcement from Vtech Holdings Limited ( HKG:303 ) despite the...Analysis Article • May 22
Why You Should Care About Vtech Holdings' (HKG:303) Strong Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Analysis Article • Apr 26
Investor Optimism Abounds Vtech Holdings Limited (HKG:303) But Growth Is Lacking
With a median price-to-earnings (or "P/E") ratio of close to 9x in Hong Kong, you could be forgiven for feeling...Analysis Article • Feb 05
Be Wary Of Vtech Holdings (HKG:303) And Its Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Analysis Article • Nov 01
Be Wary Of Vtech Holdings (HKG:303) And Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • May 15
Returns On Capital Signal Tricky Times Ahead For Vtech Holdings (HKG:303)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Mar 01
Does Vtech Holdings (HKG:303) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Feb 12
Vtech Holdings (HKG:303) May Have Issues Allocating Its Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Analysis Article • Nov 08
Vtech Holdings (HKG:303) Will Want To Turn Around Its Return Trends
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • Aug 01
Vtech Holdings (HKG:303) Might Be Having Difficulty Using Its Capital Effectively
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • May 23
A Look At The Intrinsic Value Of Vtech Holdings Limited (HKG:303)
Today we will run through one way of estimating the intrinsic value of Vtech Holdings Limited ( HKG:303 ) by projecting...Analysis Article • Mar 28
Investors Could Be Concerned With Vtech Holdings' (HKG:303) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Analysis Article • Feb 21
Should You Investigate Vtech Holdings Limited (HKG:303) At HK$64.85?
Vtech Holdings Limited ( HKG:303 ), is not the largest company out there, but it saw a decent share price growth in the...Analysis Article • Nov 10
When Should You Buy Vtech Holdings Limited (HKG:303)?
While Vtech Holdings Limited ( HKG:303 ) might not be the most widely known stock at the moment, it received a lot of...Analysis Article • Sep 13
Returns On Capital Signal Tricky Times Ahead For Vtech Holdings (HKG:303)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Analysis Article • Aug 02
Is There Now An Opportunity In Vtech Holdings Limited (HKG:303)?
Vtech Holdings Limited ( HKG:303 ), might not be a large cap stock, but it saw a double-digit share price rise of over...Analysis Article • Jul 19
Is Now The Time To Put Vtech Holdings (HKG:303) On Your Watchlist?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...Shareholder Returns
| 303 | HK Communications | HK Market | |
|---|---|---|---|
| 7D | 4.5% | 17.9% | 1.1% |
| 1Y | 13.2% | 221.4% | 19.7% |
Return vs Industry: 303 underperformed the Hong Kong Communications industry which returned 221.4% over the past year.
Return vs Market: 303 underperformed the Hong Kong Market which returned 19.7% over the past year.
Price Volatility
| 303 volatility | |
|---|---|
| 303 Average Weekly Movement | 2.6% |
| Communications Industry Average Movement | 12.3% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in HK Market | 15.1% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 303 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 303's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1976 | 20,440 | Allan Wong | www.vtech.com |
Vtech Holdings Limited, together with its subsidiaries, designs, manufactures, and distributes electronic products in Hong Kong, North America, Europe, the Asia Pacific, and internationally. The company offers electronic learning toys for infancy through toddler, and preschool under the Vtech and LeapFrog brands; platform products, including motion-based learning system, smartwatches, interactive reading systems, learning globe, educational tablets, activity desks, and handheld communication devices, as well as educational and fun apps and games. It also provides telecommunication products, such as residential, commercial, and smart phones under the Vtech, Gigaset, snom, AT&T brands; and other telecommunication products, including baby monitors, handsets, and integrated access devices.
Vtech Holdings Limited Fundamentals Summary
| 303 fundamental statistics | |
|---|---|
| Market cap | HK$15.97b |
| Earnings (TTM) | HK$1.13b |
| Revenue (TTM) | HK$16.27b |
14.2x
P/E Ratio1.0x
P/S RatioIs 303 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 303 income statement (TTM) | |
|---|---|
| Revenue | US$2.08b |
| Cost of Revenue | US$1.42b |
| Gross Profit | US$659.10m |
| Other Expenses | US$515.00m |
| Earnings | US$144.10m |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
May 21, 2026
| Earnings per share (EPS) | 0.57 |
| Gross Margin | 31.71% |
| Net Profit Margin | 6.93% |
| Debt/Equity Ratio | 0% |
How did 303 perform over the long term?
See historical performance and comparisonDividends
7.6%
Current Dividend Yield107%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/09 08:45 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Vtech Holdings Limited is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jones Ku | Barclays |
| Xin Li | Citic Securities Co., Ltd. |
| Tak Hung Lau | Citigroup Inc |