Raytech Holding Ltd.
Raytech Holding Ltd. is a diversified company engaged in the production and distribution of advanced technological solutions. Primarily focusing on developing innovative products for the electronics and telecommunications sectors, Raytech Holding Ltd. plays a significant role in supplying components and systems essential to modern communication infrastructures. The company's product range includes cutting-edge semiconductor devices, optical transmission products, and integrated circuit technology, which are widely used by major technology manufacturers and service providers globally. Raytech’s strong portfolio in research and development ensures a steady pipeline of technologically advanced offerings, aligning closely with the constantly evolving demands of the digital age. This positions Raytech Holding Ltd. as a key player in enabling the seamless transition to newer technologies and advancing global connectivity. Given its strategic impact on essential industries such as telecommunications, consumer electronics, and automotive sectors, Raytech Holding Ltd. holds a crucial position in fostering innovation and sustaining modern communication networks.
$2.63
-$0.01 (-0.38%)
Price from 9 days ago
Operating margin is thin at 9.71%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 17.6%, still solid. Margins contracted 7.2pp, which offsets some of the top-line progress.
Free cash flow declined 61% versus the prior year, cash generation momentum has weakened. ROIC dropped from 33.84% to 11.12%, capital efficiency is deteriorating.
2.7x earnings, 3.6x 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 79M
▲ +17.6% YoY
Net Income (TTM)
HKD 8M
▼ -16.8% YoY
Op. Margin
9.71%
▼ -7.2pp YoY
ROIC
11.12%
▼ -22.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
HKD 6M
▼ -60.5% YoY
Op. Cash Flow (TTM)
HKD 6M
▼ -60.5% YoY
Net Debt
-HKD 85M
Net Cash Position
Cash & Equiv.
HKD 85M
3Y CAGR: +20.4%
3Y CAGR: -8.9%
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Is Raytech Holding (RAY) overvalued?
At a P/E of 2.7 and a price-to-free-cash-flow of 3.6, Raytech Holding (RAY) trades below a two-stage DCF intrinsic value of about HKD 176.14 per share, so at HKD 2.63 the stock looks undervalued (6,597.2% 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, Raytech Holding scores 66/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. 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 Raytech Holding's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about HKD 176.14 per share for RAY, 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 132.10. At today's HKD 2.63, that puts the stock about 6,597.2% 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 Raytech Holding a high-quality business?+
Raytech Holding scores 66 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 9.7% operating margin and a 11.1% 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.
Is Raytech Holding a good stock to buy right now?+
That depends on valuation and quality together, not either alone. RAY currently trades below its estimated intrinsic value and scores 66/100 on quality (solid). 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.
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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.