Galaxy Payroll Group Ltd
Galaxy Payroll Group Ltd Class A Ordinary Shares represents the equity ownership interest in Galaxy Payroll Group Ltd, a Hong Kong-based holding company focused on payroll outsourcing, employment services, and consultancy and market research services. Through its subsidiaries, Galaxy Payroll Group Ltd supports businesses with payroll administration, salary calculations, social security and housing fund contributions, tax deductions, and employer-of-record arrangements. The company also provides workforce-related consultancy and market research to help clients navigate local labor and business conditions across Asia-Pacific markets. Its services are used by organizations seeking administrative support for human capital operations, especially in cross-border and multi-jurisdiction environments. Galaxy Payroll Group Ltd Class A Ordinary Shares is part of the company’s capital structure and reflects participation in a business centered on outsourced personnel management and related professional services.
$0.82
-$0.04 (-4.53%)
EOD Oct 21, 2026
Margins and capital returns are both well above average: 24.32% operating margin, ROIC at 50.03%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 4.3% YoY. Margins deteriorated 9.3pp alongside, both lines moving the wrong way.
Free cash flow declined 58% versus the prior year, cash generation momentum has weakened. ROIC dropped from 52.50% to 50.03%, capital efficiency is deteriorating.
2.1x earnings, 1.7x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
HKD 30M
▼ -4.3% YoY
Net Income (TTM)
HKD 6M
▼ -38.9% YoY
Op. Margin
24.32%
▼ -9.3pp YoY
ROIC
50.03%
▼ -2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
HKD 7M
▼ -58.5% YoY
Op. Cash Flow (TTM)
HKD 7M
▼ -58.2% YoY
Net Debt
-HKD 9M
Net Cash Position
Cash & Equiv.
HKD 11M
3Y CAGR: -4.7%
3Y CAGR: -0.8%
Continue Research
Is Galaxy Payroll Group (GLXG) overvalued?
At a P/E of 2.1 and a price-to-free-cash-flow of 1.7, Galaxy Payroll Group (GLXG) trades below a two-stage DCF intrinsic value of about HKD 69.88 per share, so at HKD 0.82 the stock looks undervalued (8,411.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Galaxy Payroll Group scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 82.8%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Galaxy Payroll Group's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about HKD 69.88 per share for GLXG, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around HKD 52.41. At today's HKD 0.82, that puts the stock about 8,411.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Galaxy Payroll Group a high-quality business?+
Galaxy Payroll Group scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 24.3% operating margin and a 50.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Galaxy Payroll Group (GLXG) pay a dividend, and how much?+
Yes, Galaxy Payroll Group pays a regular dividend of about HKD 5.33 per share per year (typically in quarterly installments), a yield of roughly 82.8% at the current price. That is a payout ratio of about 171.8% of earnings, so the dividend is stretched at this level. Galaxy Payroll Group has grown the dividend at roughly 84.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For GLXG's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Galaxy Payroll Group a good stock to buy right now?+
That depends on valuation and quality together, not either alone. GLXG currently trades below its estimated intrinsic value and scores 55/100 on quality (mixed). It also yields about 82.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Staffing & Employment Services
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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