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VSTECS Holdings Limited (0856.HK)

HKD9.50 +0.03 (+0.32%)
HK HKSE Technology Technology Distributors
Address China Merchants Tower
Central, HK
CEO Jialin Li
Website vstecs.com
IPO 2002-05-10
ISIN KYG9400C1116

Explore sections of this company profile

Description

As an investment holding enterprise, VSTECS Holdings Limited specializes in cultivating information technology (IT) product distribution channels and providing sophisticated technical solution integration services throughout North Asia and Southeast Asia. The company's operations are structured into three main divisions. The Enterprise Systems segment offers foundational IT infrastructure components such as middleware, operating systems, Unix/NT servers, databases, and storage equipment. This division also provides end-to-end services, including IT infrastructure design, deployment, training, maintenance, and technical support. Its Consumer Electronics segment encompasses a wide array of finished IT products, including personal computers, mobile phones, drones, smart sports watches, 3D printers, and game consoles. Additionally, the Cloud Computing segment delivers various cloud-based solutions and related services. Beyond these core areas, VSTECS is involved in the retail of IT products, equipment, and accessories, alongside import and export activities. It also extends services like supply chain management, warehouse logistics, electronic settlement processing, project investment, and market research. The company caters to a broad clientele, ranging from individual users and small and medium-sized enterprises to major corporations and government organizations, utilizing a vast distribution network of resellers such as retailers, system integrators, and corporate dealers. Founded in 1991 and based in Central, Hong Kong, the company rebranded from VST Holdings Limited to VSTECS Holdings Limited in June 2017.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD9.50 +0.03 (+0.32%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
0.49
Float Shares
362.16M
Free Float %
25.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.23% -7.93% -5.86% +21.26% +16.00% +23.59% +54.24% +127.36% +31.16% +346.30% +4,545.78%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
9.50
DCF (Unlevered) 17.81 +87.4%
DCF (Levered) 23.10 +143.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.44
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Technology Distributors: +13.3%
    +9.6% Q4'25: +30.7% (vs Q4'23)
  • ✓
    EPS growth Technology Distributors: +17.0%
    +29.0% ★ Q4'25: +86.2% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Technology Distributors: +18.6%
    +1.5% Q4'25: +0.0% (vs Q4'23)
  • ✗
    EBIT margin Technology Distributors: +4.3%
    +1.9% Q4'25: +1.8% (vs Q4'23)
  • ✗
    ROIC Technology Distributors: +7.9%
    +13.2% ★ Q4'25: +26.9% (vs Q4'23)
  • ✓
    Share dilution Technology Distributors: +0.1%
    -0.3% ★ Q4'25: -3.5% (vs Q4'23)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Technology Distributors: -0.39×
    4.82× Q4'25: 2.38× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.49) × ERP
WACC = 59% × Ke + 41% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 17.98 Current price: 9.50
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2012
actual 		Dec 2013
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
4 Rev. Ana.
4 EPS Ana. 		Dec 2027
4 Rev. Ana.
4 EPS Ana. 		Dec 2028
2 Rev. Ana.
3 EPS Ana.
Revenue
37.10B
est: 37.10B (0.0%)
40.24B
est: 40.60B (-0.9%)
45.58B
est: 36.39B (+25.2%)
48.16B
est: 48.99B (-1.7%)
54.54B
est: 45.28B (+20.5%)
62.48B
est: 63.09B (-1.0%)
66.21B
est: 71.80B (-7.8%)
69.96B
est: 70.74B (-1.1%)
78.34B
est: 78.05B (+0.4%)
77.32B
est: 84.36B (-8.3%)
73.89B
est: 79.68B (-7.3%)
89.09B
est: 83.05B (+7.3%)
97.63B
est: 102.95B (-5.2%)
110.24B
106.90B – 114.18B
+7.1% YoY
124.00B
118.08B – 130.29B
+12.5% YoY
138.93B
133.45B – 145.01B
+12.0% YoY
EBITDA
630.47M
est: 782.93M (-19.5%)
682.77M
est: 856.94M (-20.3%)
709.37M
est: 767.96M (-7.6%)
816.18M
est: 1.03B (-21.1%)
1.09B
est: 955.58M (+14.4%)
1.17B
est: 1.33B (-12.0%)
1.42B
est: 1.52B (-6.0%)
1.54B
est: 1.49B (+3.5%)
1.79B
est: 1.65B (+8.9%)
1.47B
est: 1.78B (-17.4%)
1.62B
est: 1.68B (-3.6%)
1.75B
est: 1.71B (+2.0%)
1.92B
est: 2.12B (-9.7%)
2.27B
2.20B – 2.35B
+7.1% YoY
2.56B
2.43B – 2.69B
+12.5% YoY
2.86B
2.75B – 2.99B
+12.0% YoY
EBIT
647.42M
est: 727.79M (-11.0%)
740.00M
est: 796.58M (-7.1%)
701.74M
est: 713.87M (-1.7%)
794.51M
est: 961.17M (-17.3%)
1.06B
est: 888.27M (+19.8%)
1.14B
est: 1.24B (-8.2%)
1.31B
est: 1.41B (-7.3%)
1.42B
est: 1.39B (+2.3%)
1.66B
est: 1.53B (+8.5%)
1.33B
est: 1.65B (-19.7%)
1.50B
est: 1.56B (-3.9%)
1.70B
est: 1.61B (+5.7%)
1.86B
est: 1.99B (-6.9%)
2.13B
2.07B – 2.21B
+7.1% YoY
2.40B
2.29B – 2.52B
+12.5% YoY
2.69B
2.58B – 2.81B
+12.0% YoY
Net Income
444.24M
502.73M
450.38M
est: 625.60M (-28.0%)
551.92M
est: 403.16M (+36.9%)
716.44M
est: 756.01M (-5.2%)
740.83M
est: 906.42M (-18.3%)
809.95M
est: 802.15M (+1.0%)
1.07B
est: 889.74M (+20.0%)
1.31B
est: 1.22B (+7.4%)
823.07M
est: 1.25B (-34.3%)
922.03M
est: 889.74M (+3.6%)
1.05B
est: 928.53M (+13.3%)
1.35B
est: 1.40B (-3.2%)
1.56B
1.46B – 1.70B
+11.8% YoY
1.88B
1.71B – 2.03B
+20.0% YoY
2.19B
2.07B – 2.31B
+16.6% YoY
SGA
816.81M
est: 972.67M (-16.0%)
866.04M
est: 1.06B (-18.7%)
1.02B
est: 954.06M (+6.6%)
1.07B
est: 1.28B (-17.0%)
1.28B
est: 1.19B (+8.1%)
1.68B
est: 1.65B (+1.6%)
1.74B
est: 1.88B (-7.4%)
1.74B
est: 1.85B (-6.0%)
2.04B
est: 2.05B (-0.3%)
2.06B
est: 2.21B (-6.8%)
2.07B
est: 2.09B (-0.9%)
2.27B
est: 2.19B (+3.6%)
2.50B
est: 2.71B (-7.7%)
2.91B
2.82B – 3.01B
+7.1% YoY
3.27B
3.11B – 3.44B
+12.5% YoY
3.66B
3.52B – 3.82B
+12.0% YoY
EPS
0.30
0.34
0.30
est: 0.45 (-33.3%)
0.38
est: 0.29 (+31.0%)
0.50
est: 0.54 (-8.1%)
0.52
est: 0.65 (-20.2%)
0.57
est: 0.58 (-1.2%)
0.76
est: 0.64 (+18.8%)
0.93
est: 0.88 (+5.7%)
0.58
est: 0.90 (-35.7%)
0.66
est: 0.64 (+3.1%)
0.76
est: 0.67 (+13.4%)
0.98
est: 1.01 (-2.9%)
1.13
1.05 – 1.22
+11.8% YoY
1.35
1.24 – 1.46
+20.0% YoY
1.58
1.50 – 1.67
+16.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-05-28 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-05-27 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-05-26 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-05-22 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-05-21 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-20 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-19 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-18 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-15 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-14 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-13 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-12 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-11 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-08 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-07 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-06 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-05 A 4/5 5/5 4/5 4/5 1/5 4/5 5/5
2026-05-04 A 4/5 5/5 4/5 4/5 1/5 4/5 5/5
2026-04-30 A 4/5 5/5 4/5 3/5 1/5 4/5 5/5
2026-04-29 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-04-28 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-04-27 A- 4/5 5/5 4/5 3/5 1/5 4/5 4/5
2026-04-24 A- 4/5 4/5 4/5 3/5 1/5 4/5 4/5
2026-04-23 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.43B
OE per share TTM
1.03
Owner's Yield
10.73%
Maintenance CapEx ratio
259.31%
Maint CapEx / Avg PPE
1.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 58 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Smart City Infrastructure UCITS ETF CT2B.AS 0.14% 67.8K 0.40%
2 iShares Smart City Infrastructure UCITS ETF CITY.AS 0.14% 574.0K 0.40%
3 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.11% 490.9K 0.48%
4 WisdomTree International SmallCap Dividend Fund DLS 0.11% 1.15M 0.58%
5 iShares International Small-Cap Equity Factor ETF ISCF 0.11% 707.3K 0.24%
6 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.09% 63.9K 0.74%
7 Avantis International Small Cap Value ETF AVDV 0.07% 13.53M 0.36%
8 Schwab Fundamental International Small Company Index ETF FNDC 0.05% 1.61M 0.39%
9 Dimensional - International Small Cap ETF DFIS 0.04% 2.53M 0.39%
10 Schwab International Small-Cap Equity ETF SCHC 0.04% 2.05M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
330.2K
Shares Outstanding
1.43B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jialin Li Group Founder, Chairman & Chief Executive Officer 10M male
Wei Hiam Ong Group Chief Financial Officer & Executive Director 4M male
Sanjun Gu Executive Director & Chief Executive Officer of China 3M male
Yue Li Executive Director 3M male
Hoi Chau Chan Executive Director 3M male
Jimmy Go Philippines President & Chief Executive Officer — male
Sebastian Chong President of Singapore & Indonesia — male
Somsak Pejthaveeporndej Thailand Chief Executive Officer — male
Jan Hsung Soong Chief Executive Officer & Executive Director of Malaysia — male
Chung Sui Lam Company Secretary — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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