How does 856's PE Ratio compare to its peers?

856 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (40.3x).

How does 856's PE Ratio compare vs other companies in the HK Electronic Industry?

856 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Hong Kong Electronic industry average (8.7x).

What is 856's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

856 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).

What is the Fair Price of 856 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

856 (HK$5.06) is trading above our estimate of [[fair value]] (HK$1.07)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

VSTECS Holdings (SZSC:856) - Stock Price, News & Analysis

856 Stock Overview

An investment holding company, develops information technology (IT) product channel and provides technical solution integration services in North Asia and South East Asia. More details

856 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (8.3x) is below the Hong Kong market (9.8x)

Earnings are forecast to grow 16.47% per year

Earnings have grown 0.3% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

VSTECS Holdings Limited Competitors

S.A.S. Dragon Holdings

SEHK:1184

HK$2.5b

Ingdan

SEHK:400

HK$1.9b

Changhong Jiahua Holdings

SEHK:3991

HK$1.5b

Apex Ace Holding

SEHK:6036

HK$611.3m

Price History & Performance

Summary of all time highs, changes and price drops for VSTECS Holdings
Historical stock prices
Current Share Price	HK$5.06
52 Week High	HK$5.24
52 Week Low	HK$3.66
Beta	0.73
11 Month Change	13.96%
3 Month Change	17.95%
1 Year Change	31.43%
33 Year Change	-27.71%
5 Year Change	29.74%
Change since IPO	25.87%

Recent updates

Shareholder Returns

	856	HK Electronic	HK Market
7D	2.6%	3.7%	-0.6%
1Y	31.4%	14.7%	9.6%

Return vs Industry: 856 exceeded the Hong Kong Electronic industry which returned 14.7% over the past year.

Return vs Market: 856 exceeded the Hong Kong Market which returned 9.6% over the past year.

Price Volatility

Is 856's price volatile compared to industry and market?
856 volatility
856 Average Weekly Movement	4.3%
Electronic Industry Average Movement	10.4%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	19.2%
10% least volatile stocks in HK Market	4.3%

Stable Share Price: 856 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 856's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1991	5,574	David Li	www.vstecs.com

VSTECS Holdings Limited, an investment holding company, develops information technology (IT) product channel and provides technical solution integration services in North Asia and South East Asia. It operates through three segments: Enterprise Systems, Consumer Electronics, and Cloud Computing. The Enterprise Systems segment provides enterprise system tools, such as middleware, operating systems, Unix/NT servers, databases, and storage equipment for IT infrastructure; and IT infrastructure design and implementation, training, maintenance, and support services.

VSTECS Holdings Limited Fundamentals Summary

How do VSTECS Holdings's earnings and revenue compare to its market cap?
856 fundamental statistics
Market cap	HK$7.25b
Earnings (TTM)	HK$873.27m
Revenue (TTM)	HK$79.94b

8.3x

P/E Ratio

0.1x

P/S Ratio

Is 856 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
856 income statement (TTM)
Revenue	HK$79.94b
Cost of Revenue	HK$76.47b
Gross Profit	HK$3.48b
Other Expenses	HK$2.60b
Earnings	HK$873.27m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.61
Gross Margin	4.35%
Net Profit Margin	1.09%
Debt/Equity Ratio	117.2%

How did 856 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

41%

Payout Ratio

856 Stock Overview

Rewards

Risk Analysis

VSTECS Holdings Limited Competitors

SEHK:1184

HK$2.5b

SEHK:400

HK$1.9b

SEHK:3991

HK$1.5b

SEHK:6036

HK$611.3m

Price History & Performance

Recent News & Updates

First half 2024 earnings released: EPS: HK$0.33 (vs HK$0.36 in 1H 2023)

VSTECS Holdings Limited to Report First Half, 2024 Results on Aug 21, 2024

Now 21% overvalued after recent price rise

Vstecs Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.26 per share

Full year 2023 earnings released: EPS: HK$0.66 (vs HK$0.58 in FY 2022)

Recent updates

First half 2024 earnings released: EPS: HK$0.33 (vs HK$0.36 in 1H 2023)

VSTECS Holdings Limited to Report First Half, 2024 Results on Aug 21, 2024

Now 21% overvalued after recent price rise

Vstecs Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.26 per share

Full year 2023 earnings released: EPS: HK$0.66 (vs HK$0.58 in FY 2022)

VSTECS Holdings Limited, Annual General Meeting, May 30, 2024

Dividend increased to HK$0.26

Full year 2023 earnings released: EPS: HK$0.66 (vs HK$0.58 in FY 2022)

Vstecs Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 12 July 2024

VSTECS Holdings Limited to Report Fiscal Year 2023 Results on Mar 21, 2024

First half 2023 earnings released: EPS: HK$0.36 (vs HK$0.35 in 1H 2022)

VSTECS Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023

VSTECS Holdings Limited Announces Change of Company Secretary

VSTECS Holdings Limited Announces Executive Changes

Upcoming dividend of HK$0.17 per share at 4.1% yield

Full year 2022 earnings released: EPS: HK$0.58 (vs HK$0.93 in FY 2021)

VSTECS Holdings Limited Appoints Zhang Dongjie as Non-Executive Director

VSTECS Holdings Limited Announces Resignation of Xia Bin as Non-Executive Director

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Now 22% undervalued after recent price drop

First half 2022 earnings released: EPS: HK$0.35 (vs HK$0.46 in 1H 2021)

VSTECS Holdings Limited to Report First Half, 2022 Results on Aug 25, 2022

VSTECS Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.27 per share

Full year 2021 earnings released: EPS: HK$0.93 (vs HK$0.76 in FY 2020)

Less than half of directors are independent

VSTECS Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021

Vstecs Holdings Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on July 07, 2022

VSTECS Holdings Limited to Report Fiscal Year 2021 Results on Mar 24, 2022

Chairman & CEO recently bought HK$15m worth of stock

Chairman & CEO recently bought HK$15m worth of stock

First half 2021 earnings released: EPS HK$0.46 (vs HK$0.30 in 1H 2020)

Independent Non-Executive Director has left the company

VSTECS Holdings Limited Approves Final Dividend for the Year Ended December 31, 2020

Upcoming dividend of HK$0.22 per share

Full year 2020 earnings released: EPS HK$0.76 (vs HK$0.57 in FY 2019)

Full year 2020 earnings released: EPS HK$0.76 (vs HK$0.57 in FY 2019)

VSTECS Holdings Limited Appoints Mr. Cheung Wing Lee Isaiah as Non-Executive Director, Effective 16 March 2021

VSTECS Holdings Limited to Report Fiscal Year 2020 Results on Mar 25, 2021

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: HK$8.13

New 90-day high: HK$7.72

New 90-day high: HK$6.85

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: HK$6.26

Market bids up stock over the past week

VSTECS Holdings Limited Appoints Xia Bin as Non-Executive Director

First half earnings released

New 90-day high - HK$4.78

First half earnings released

VSTECS Holdings Limited to Report First Half, 2020 Results on Aug 25, 2020

New 90-day high - HK$4.61

Shareholder Returns

Price Volatility

About the Company