VSTECS Holdings Past Earnings Performance
Past criteria checks 4/6
VSTECS Holdings's earnings have been declining at an average annual rate of -1.1%, while the Electronic industry saw earnings declining at 2.9% annually. Revenues have been growing at an average rate of 5.1% per year. VSTECS Holdings's return on equity is 13.8%, and it has net margins of 1.4%.
Key information
-1.11%
Earnings growth rate
-0.55%
EPS growth rate
| Electronic Industry Growth | 4.85% |
| Revenue growth rate | 5.14% |
| Return on equity | 13.78% |
| Net Margin | 1.39% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Narrative Update • Apr 09
856: Future Dividend Policy And Annual Payout Will Support A More Optimistic Outlook
Analysts have trimmed their fair value estimate for VSTECS Holdings from about HK$12.14 to roughly HK$11.85, reflecting updated assumptions on discount rates, profit margins and future P/E that slightly lower the overall price target. What's in the News A board meeting is scheduled for March 19, 2026 at 11:00 China Standard Time to consider and approve the final results for the year ended December 31, 2025, and to discuss a possible final dividend recommendation, along with other business items (Key Developments).Narrative Update • Mar 24
856: Future Dividend Policy Will Support A More Optimistic Share Outlook
Analysts have lowered their price target on VSTECS Holdings to HK$12.14 from HK$12.75, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E multiples. What's in the News VSTECS Holdings declared an annual dividend of HK$0.4177 per share, payable on July 3, 2026, with an ex-dividend date of May 28, 2026 and a record date of May 29, 2026 (Key Developments).Analysis Article • Jan 30
Does VSTECS Holdings (HKG:856) Deserve A Spot On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Dec 23
Estimating The Fair Value Of VSTECS Holdings Limited (HKG:856)
Key Insights Using the Dividend Discount Model, VSTECS Holdings fair value estimate is HK$7.02 VSTECS Holdings' HK$8.02...Analysis Article • Dec 08
VSTECS Holdings Limited's (HKG:856) Price Is Right But Growth Is Lacking
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 13x, you may consider...Analysis Article • Oct 28
VSTECS Holdings (HKG:856) Has More To Do To Multiply In Value Going Forward
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 • Oct 15
Is VSTECS Holdings (HKG:856) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 07
Is Now The Time To Look At Buying VSTECS Holdings Limited (HKG:856)?
VSTECS Holdings Limited ( HKG:856 ), is not the largest company out there, but it saw a significant share price rise of...Narrative Update • Aug 22
Cloud And AI Adoption Will Transform Asian Digital Markets
The upward revision in VSTECS Holdings’ price target reflects a notably lower future P/E ratio and a modest improvement in net profit margin, supporting a new consensus fair value of HK$10.07. What's in the News Board meeting scheduled to consider interim results for the six months ended 30 June 2025 and potential interim dividend recommendation.Analysis Article • Aug 18
VSTECS Holdings Limited's (HKG:856) 29% Share Price Surge Not Quite Adding Up
VSTECS Holdings Limited ( HKG:856 ) shares have continued their recent momentum with a 29% gain in the last month...New Narrative • Aug 01
Cloud And AI Adoption Will Transform Asian Digital Markets
Expansion in AI, cloud services, and proprietary hardware is boosting margins, driving stable earnings, and strengthening VSTECS's market position in Asia.New Narrative • Aug 01
Cloud And AI Adoption Will Transform Asian Digital Markets
Expansion in AI, cloud services, and proprietary hardware is boosting margins, driving stable earnings, and strengthening VSTECS's market position in Asia.Analysis Article • Jul 21
Returns On Capital At VSTECS Holdings (HKG:856) Have Hit The Brakes
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Jun 30
Even With A 25% Surge, Cautious Investors Are Not Rewarding VSTECS Holdings Limited's (HKG:856) Performance Completely
VSTECS Holdings Limited ( HKG:856 ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Jun 26
VSTECS Holdings (HKG:856) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 14
Calculating The Intrinsic Value Of VSTECS Holdings Limited (HKG:856)
Key Insights VSTECS Holdings' estimated fair value is HK$6.21 based on Dividend Discount Model With HK$6.70 share...Analysis Article • Apr 07
Not Many Are Piling Into VSTECS Holdings Limited (HKG:856) Stock Yet As It Plummets 28%
VSTECS Holdings Limited ( HKG:856 ) shareholders won't be pleased to see that the share price has had a very rough...Analysis Article • Mar 26
Broker Revenue Forecasts For VSTECS Holdings Limited (HKG:856) Are Surging Higher
VSTECS Holdings Limited ( HKG:856 ) shareholders will have a reason to smile today, with the analysts making...Analysis Article • Mar 25
VSTECS Holdings Limited Beat Revenue Forecasts By 9.2%: Here's What Analysts Are Forecasting Next
Shareholders of VSTECS Holdings Limited ( HKG:856 ) will be pleased this week, given that the stock price is up 10% to...Analysis Article • Feb 18
Market Participants Recognise VSTECS Holdings Limited's (HKG:856) Earnings Pushing Shares 25% Higher
VSTECS Holdings Limited ( HKG:856 ) shares have had a really impressive month, gaining 25% after a shaky period...Analysis Article • Dec 06
Investors Continue Waiting On Sidelines For VSTECS Holdings Limited (HKG:856)
It's not a stretch to say that VSTECS Holdings Limited's ( HKG:856 ) price-to-earnings (or "P/E") ratio of 8.8x right...Analysis Article • May 30
VSTECS Holdings (HKG:856) Will Pay A Larger Dividend Than Last Year At HK$0.257
VSTECS Holdings Limited's ( HKG:856 ) dividend will be increasing from last year's payment of the same period to...Analysis Article • May 23
We Think Shareholders May Want To Consider A Review Of VSTECS Holdings Limited's (HKG:856) CEO Compensation Package
Key Insights VSTECS Holdings to hold its Annual General Meeting on 30th of May Total pay for CEO David Li includes...Analysis Article • Apr 25
VSTECS Holdings (HKG:856) Will Pay A Larger Dividend Than Last Year At HK$0.257
VSTECS Holdings Limited ( HKG:856 ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Apr 06
Does VSTECS Holdings (HKG:856) 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 • Mar 02
VSTECS Holdings (HKG:856) May Have Issues Allocating Its Capital
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 • Dec 15
VSTECS Holdings (HKG:856) Takes On Some Risk With Its Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Oct 18
VSTECS Holdings (HKG:856) Could Be Struggling To Allocate Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Analysis Article • May 26
VSTECS Holdings (HKG:856) Has Announced That Its Dividend Will Be Reduced To HK$0.17
VSTECS Holdings Limited's ( HKG:856 ) dividend is being reduced from last year's payment covering the same period to...Analysis Article • May 02
Investors Could Be Concerned With VSTECS Holdings' (HKG:856) 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 • Feb 16
Is It Too Late To Consider Buying VSTECS Holdings Limited (HKG:856)?
VSTECS Holdings Limited ( HKG:856 ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Nov 23
Here's What To Make Of VSTECS Holdings' (HKG:856) Decelerating Rates Of Return
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 • Oct 28
VSTECS Holdings (HKG:856) Has A Somewhat Strained 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 • Oct 12
Calculating The Fair Value Of VSTECS Holdings Limited (HKG:856)
In this article we are going to estimate the intrinsic value of VSTECS Holdings Limited ( HKG:856 ) by estimating the...Analysis Article • Aug 17
VSTECS Holdings (HKG:856) Is Looking To Continue Growing Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Analysis Article • May 27
VSTECS Holdings (HKG:856) Is Paying Out A Larger Dividend Than Last Year
The board of VSTECS Holdings Limited ( HKG:856 ) has announced that it will be increasing its dividend on the 7th of...Analysis Article • May 13
VSTECS Holdings (HKG:856) Might Have The Makings Of A Multi-Bagger
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 • Apr 28
VSTECS Holdings' (HKG:856) Dividend Will Be Increased To HK$0.27
VSTECS Holdings Limited ( HKG:856 ) has announced that it will be increasing its dividend on the 7th of July to...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How VSTECS Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 97,626 | 1,353 | 2,504 | 0 |
| 30 Sep 25 | 96,072 | 1,281 | 2,528 | 0 |
| 30 Jun 25 | 94,517 | 1,209 | 2,551 | 0 |
| 31 Mar 25 | 91,801 | 1,131 | 2,410 | 0 |
| 31 Dec 24 | 89,086 | 1,052 | 2,269 | 0 |
| 30 Sep 24 | 84,514 | 963 | 2,160 | 0 |
| 30 Jun 24 | 79,942 | 873 | 2,051 | 0 |
| 31 Mar 24 | 76,917 | 898 | 2,061 | 0 |
| 31 Dec 23 | 73,891 | 922 | 2,071 | 0 |
| 30 Sep 23 | 73,591 | 872 | 2,042 | 0 |
| 30 Jun 23 | 73,290 | 823 | 2,013 | 0 |
| 31 Mar 23 | 75,307 | 823 | 2,039 | 0 |
| 31 Dec 22 | 77,324 | 823 | 2,065 | 0 |
| 30 Sep 22 | 79,426 | 997 | 2,133 | 0 |
| 30 Jun 22 | 81,528 | 1,172 | 2,202 | 0 |
| 31 Mar 22 | 79,932 | 1,243 | 2,123 | 0 |
| 31 Dec 21 | 78,335 | 1,314 | 2,044 | 0 |
| 30 Sep 21 | 77,170 | 1,303 | 1,956 | 0 |
| 30 Jun 21 | 76,004 | 1,291 | 1,868 | 0 |
| 31 Mar 21 | 72,983 | 1,179 | 1,806 | 0 |
| 31 Dec 20 | 69,962 | 1,068 | 1,743 | 0 |
| 30 Sep 20 | 67,486 | 953 | 1,722 | 0 |
| 30 Jun 20 | 65,010 | 839 | 1,700 | 0 |
| 31 Mar 20 | 65,610 | 825 | 1,722 | 0 |
| 31 Dec 19 | 66,210 | 810 | 1,743 | 0 |
| 30 Sep 19 | 65,391 | 790 | 1,778 | 0 |
| 30 Jun 19 | 64,571 | 771 | 1,812 | 0 |
| 31 Mar 19 | 63,527 | 756 | 1,746 | 0 |
| 31 Dec 18 | 62,482 | 741 | 1,681 | 0 |
| 30 Sep 18 | 60,483 | 777 | 1,562 | 0 |
| 30 Jun 18 | 58,484 | 813 | 1,444 | 0 |
| 31 Mar 18 | 56,514 | 765 | 1,364 | 0 |
| 31 Dec 17 | 54,543 | 716 | 1,284 | 0 |
| 30 Sep 17 | 52,170 | 634 | 1,171 | 0 |
| 30 Jun 17 | 49,796 | 552 | 1,059 | 0 |
| 31 Mar 17 | 48,979 | 552 | 1,062 | 0 |
| 31 Dec 16 | 48,161 | 552 | 1,066 | 0 |
| 30 Sep 16 | 47,531 | 490 | 1,093 | 0 |
| 30 Jun 16 | 46,901 | 429 | 1,119 | 0 |
| 31 Mar 16 | 46,238 | 440 | 1,068 | 0 |
| 31 Dec 15 | 45,576 | 450 | 1,017 | 0 |
| 30 Sep 15 | 44,857 | 531 | 949 | 0 |
| 30 Jun 15 | 44,139 | 611 | 880 | 0 |
Quality Earnings: 856 has high quality earnings.
Growing Profit Margin: 856's current net profit margins (1.4%) are higher than last year (1.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 856's earnings have declined by 1.1% per year over the past 5 years.
Accelerating Growth: 856's earnings growth over the past year (28.7%) exceeds its 5-year average (-1.1% per year).
Earnings vs Industry: 856 earnings growth over the past year (28.7%) exceeded the Electronic industry 13.1%.
Return on Equity
High ROE: 856's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/22 15:51 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| 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
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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
VSTECS Holdings Limited is covered by 10 analysts. 4 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 |
|---|---|
| Zeyuan Yang | Citic Securities Co., Ltd. |
| Saiyi He | CMB International Securities Limited |
| Li Xiong | Guosen Securities Co., Ltd. |