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AAC Technologies Holdings Inc. (2018.HK)

HKD38.52 +0.52 (+1.37%)
CN HKSE Technology Communication Equipment
Address Nanjing University Research Center 518057
Shenzhen, CN
CEO Zhengmin Pan
Website aactechnologies.com
IPO 2005-08-09
ISIN KYG2953R1149

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 2018.HK (HKD) Other OTC · AACAF (USD) Other OTC · AACAY (USD)
Description

AAC Technologies Holdings Inc., an investment holding company, delivers comprehensive solutions for smart devices across an expansive global footprint, including Mainland China, Hong Kong, Taiwan, other parts of Asia, the United States, and Europe. Its operations are segmented into four main areas: Acoustic Products, Electromagnetic Drives and Precision Mechanics, Optics Products, and Micro Electro-Mechanical System (MEMS) Components. The Acoustic Products division specializes in sound solutions for a variety of applications, such as smartphones, automotive systems, wearables, tablets, and notebook computers. The Electromagnetic Drives and Precision Mechanics segment manufactures haptic feedback motors used in an array of intelligent devices, including smartphones, smartwatches, tablets, intelligent automobiles, smart glasses, game controllers, virtual and augmented reality (VR/AR) controllers, and bone conduction headphones. This segment further provides precision mechanical components, such as metal casings and other intricate parts, for tablets, wearables, and notebooks. The Optics Products segment supplies an extensive range of lenses—from general plastic lenses to specialized automotive options for front-view, surround-view, occupant monitoring, and driver monitoring systems—along with camera modules and integrated voice coil motor (VCM) and optical image stabilizer (OIS) technologies. The MEMS Components division focuses on producing advanced MEMS microphone products, which find applications in true wireless stereo (TWS) earphones, smart speakers, tablets, and the automotive sector. In addition to its core product lines, the company engages in research and development activities, the fabrication and sale of tooling, precision components, electronic components, and related accessories, as well as offering electroplating services. AAC Technologies Holdings Inc. also maintains a strategic alliance with Dispelix to advance solutions in augmented and mixed reality. Established in 1993 and headquartered in Shenzhen, People's Republic of China, the company underwent a name change in May 2011 from its former designation, AAC Acoustic Technologies Holdings Inc.

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
HKD38.52 +0.52 (+1.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
1.34
Float Shares
726.16M
Free Float %
62.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.74% +4.98% +26.39% +21.85% +23.98% +16.67% +24.83% +183.31% -3.60% -27.32% +1,344.44%
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
38.52
DCF (Unlevered) 48.01 +24.6%
DCF (Levered) 89.92 +133.4%

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) 89% Bullish
Rating 2026-05 Change
Strong Buy 3 -1
Buy 14 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.35
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Communication Equipment: +9.8%
    +16.4% ★ Q4'25: +65.2% (vs Q4'23)
  • ✓
    EPS growth Communication Equipment: +36.4%
    +42.5% ★ Q4'25: +184.0% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Communication Equipment: +59.0%
    +11.7% ★ Q4'25: +16.4% (vs Q4'23)
  • ✗
    EBIT margin Communication Equipment: +4.7%
    +8.1% ★ Q4'25: +9.8% (vs Q4'23)
  • ✗
    ROIC Communication Equipment: +3.7%
    +8.4% ★ Q4'25: +24.0% (vs Q4'23)
  • ✓
    Share dilution Communication Equipment: +0.0%
    -1.8% ★ Q4'25: -2.5% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×
    2.05× Q4'25: 0.88× (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 (1.31) × ERP
WACC = 81% × Ke + 19% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 48.31 Current price: 38.52
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 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
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
19 Rev. Ana.
17 EPS Ana. 		Dec 2027
18 Rev. Ana.
16 EPS Ana. 		Dec 2028
13 Rev. Ana.
12 EPS Ana. 		Dec 2029
12 Rev. Ana.
10 EPS Ana. 		Dec 2030
6 Rev. Ana.
5 EPS Ana.
Revenue
4.06B
est: 3.40B (+19.3%)
6.28B
est: 5.12B (+22.7%)
8.10B
est: 6.68B (+21.3%)
8.88B
est: 7.09B (+25.2%)
11.74B
est: 11.69B (+0.4%)
15.51B
est: 15.05B (+3.1%)
21.12B
est: 21.20B (-0.4%)
18.13B
est: 18.20B (-0.4%)
17.88B
est: 17.76B (+0.7%)
17.14B
est: 17.76B (-3.5%)
17.67B
est: 17.66B (+0.0%)
20.63B
est: 20.14B (+2.4%)
20.42B
est: 20.88B (-2.2%)
27.33B
est: 26.39B (+3.5%)
31.82B
est: 32.05B (-0.7%)
36.64B
34.34B – 39.15B
+14.3% YoY
41.67B
37.69B – 49.69B
+13.7% YoY
45.72B
42.05B – 51.87B
+9.7% YoY
54.53B
50.16B – 61.86B
+19.3% YoY
59.10B
54.36B – 67.05B
+8.4% YoY
EBITDA
1.41B
est: 1.29B (+9.0%)
2.37B
est: 1.71B (+38.8%)
2.83B
est: 2.56B (+10.2%)
3.01B
est: 2.83B (+6.4%)
3.92B
est: 3.41B (+15.2%)
5.47B
est: 4.83B (+13.2%)
7.38B
est: 6.55B (+12.7%)
6.00B
est: 5.49B (+9.4%)
4.98B
est: 4.66B (+6.7%)
3.65B
est: 4.09B (-10.8%)
4.02B
est: 4.69B (-14.3%)
4.25B
est: 5.62B (-24.3%)
4.18B
est: 4.08B (+2.4%)
4.75B
est: 8.32B (-42.9%)
5.28B
est: 6.27B (-15.9%)
7.17B
6.72B – 7.66B
+14.3% YoY
8.15B
7.37B – 9.72B
+13.7% YoY
8.94B
8.23B – 10.15B
+9.7% YoY
10.67B
9.81B – 12.10B
+19.3% YoY
11.56B
10.63B – 13.12B
+8.4% YoY
EBIT
1.15B
est: 1.09B (+4.9%)
2.03B
est: 1.39B (+45.9%)
2.85B
est: 2.07B (+37.5%)
2.59B
est: 2.36B (+9.9%)
3.46B
est: 2.86B (+20.8%)
4.70B
est: 3.91B (+20.1%)
6.16B
est: 5.49B (+12.3%)
4.53B
est: 4.79B (-5.5%)
2.80B
est: 3.62B (-22.6%)
1.35B
est: 2.47B (-45.3%)
1.49B
est: 2.83B (-47.5%)
1.26B
est: 3.39B (-62.7%)
1.21B
est: 1.51B (-19.8%)
2.08B
est: 1.92B (+8.1%)
2.59B
est: 2.32B (+11.5%)
2.65B
2.49B – 2.84B
+14.3% YoY
3.02B
2.73B – 3.60B
+13.7% YoY
3.31B
3.05B – 3.76B
+9.7% YoY
3.95B
3.63B – 4.48B
+19.3% YoY
4.28B
3.94B – 4.86B
+8.4% YoY
Net Income
1.04B
est: 982.36M (+5.5%)
1.76B
est: 1.26B (+39.8%)
2.58B
est: 1.86B (+38.3%)
2.32B
est: 2.18B (+6.2%)
3.11B
est: 2.55B (+21.8%)
4.03B
est: 3.59B (+12.3%)
5.32B
est: 4.74B (+12.4%)
3.80B
est: 4.12B (-7.8%)
2.22B
est: 3.03B (-26.7%)
1.51B
est: 2.00B (-24.8%)
1.32B
est: 2.30B (-42.7%)
821.31M
est: 621.52M (+32.1%)
740.37M
est: 1.05B (-29.4%)
1.80B
est: 1.95B (-7.8%)
2.51B
est: 2.26B (+11.3%)
3.18B
2.53B – 3.83B
+40.9% YoY
4.41B
3.20B – 5.61B
+38.6% YoY
4.35B
3.85B – 4.85B
-1.3% YoY
4.42B
3.96B – 5.19B
+1.6% YoY
4.89B
4.38B – 5.74B
+10.6% YoY
SGA
290.36M
est: 235.89M (+23.1%)
463.74M
est: 352.82M (+31.4%)
530.48M
est: 490.62M (+8.1%)
536.56M
est: 448.79M (+19.6%)
799.63M
est: 590.64M (+35.4%)
763.25M
est: 927.02M (-17.7%)
975.19M
est: 898.31M (+8.6%)
966.20M
est: 753.89M (+28.2%)
918.13M
est: 771.62M (+19.0%)
957.29M
est: 827.30M (+15.7%)
1.15B
est: 948.89M (+21.6%)
1.48B
est: 1.14B (+30.7%)
1.42B
est: 1.44B (-1.2%)
1.94B
est: 1.83B (+6.1%)
2.12B
est: 2.21B (-4.1%)
2.52B
2.36B – 2.70B
+14.3% YoY
2.87B
2.60B – 3.42B
+13.7% YoY
3.15B
2.90B – 3.57B
+9.7% YoY
3.75B
3.45B – 4.26B
+19.3% YoY
4.07B
3.74B – 4.62B
+8.4% YoY
EPS
0.84
est: 0.75 (+12.6%)
1.44
est: 1.16 (+24.0%)
2.10
est: 1.64 (+28.2%)
1.89
est: 1.57 (+20.3%)
2.53
est: 3.03 (-16.6%)
3.28
est: 3.53 (-7.2%)
4.35
est: 5.31 (-18.1%)
3.11
est: 3.75 (-17.1%)
1.84
est: 2.16 (-14.9%)
1.25
est: 1.45 (-13.8%)
1.09
est: 1.46 (-25.4%)
0.69
est: 0.78 (-11.4%)
0.58
est: 0.89 (-35.1%)
1.53
est: 1.54 (-0.8%)
2.18
est: 2.22 (-1.6%)
2.72
2.19 – 3.32
+22.6% YoY
3.24
2.77 – 4.86
+19.1% YoY
3.66
3.34 – 4.20
+13.2% YoY
3.83
3.43 – 4.49
+4.5% YoY
4.23
3.79 – 4.97
+10.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-28 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-27 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-26 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-22 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-21 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-20 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-19 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-18 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-15 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-14 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-13 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-12 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-11 A 4/5 5/5 4/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-04 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-23 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
16.47B
OE per share TTM
14.17
Owner's Yield
31.47%
Maintenance CapEx ratio
346.06%
Maint CapEx / Avg PPE
93.1%

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 160 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI China Multisector Tech ETF TCHI 0.79% 376.8K 0.59%
2 iShares MSCI China Tech UCITS ETF CTEC.AS 0.64% 14.90M 0.45%
3 UBS Solactive China Technology UCITS ETF USD acc CQQQ.SW 0.49% 1.84M 0.47%
4 UBS Solactive China Technology UCITS ETF hEUR acc CITE.MI 0.49% 1.83M 0.50%
5 iShares Electric Vehicles and Driving Technology UCITS ETF ECAR.L 0.46% 2.93M 0.40%
6 First Trust Emerging Markets AlphaDEX UCITS ETF FEMU.L 0.46% 67.3K 0.80%
7 VictoryShares Emerging Markets Value Momentum ETF UEVM 0.35% 862.5K 0.53%
8 iShares MSCI Emerging Markets Quality Factor ETF EQLT 0.33% 39.7K 0.35%
9 iShares Edge MSCI EM Value Factor UCITS ETF EMVL.L 0.32% 5.23M 0.40%
10 VanEck - MSCI Multifactor Emerging Markets Equity ETF EMKT.AX 0.30% 1.52M 0.69%

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
69.5K
Shares Outstanding
1.16B

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
Zhengmin Pan Co-Founder, Chief Executive Officer & Executive Director 6M male
Joe Kuen Mok MD & Executive Director 4M male
Guo Dan Chief Financial Officer — female
Kaitai Pan Executive Vice President & Chief Innovation Officer — male
Chul Kim Chairman of Asia Pacific Region — —
Nuo Ma Chief Human Resources Officer — female
Siu Tak Group Legal Director & Joint Company Secretary — male
Tingjia Shi Senior Vice President of Strategy — —
Muyi Guan Legal and Compliance Director & Joint Company Secretary — female
David Plekenpol Chairman of European & American Regions — 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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