Want to see HK:0303 full AI Analyst Report?
Top Page
VTech Holdings
(0303)
Select Model
Select Model
Rating:65Neutral
Price Target:
HK$56.00
▲(10.45% Upside)
Action:Reiterated
Date:08/23/26
The score is driven primarily by stable fundamentals (lower leverage and steady equity) but tempered by multi-year revenue softness, lower recent earnings, and less consistent cash generation. Valuation is a key positive (moderate P/E and high dividend yield), while technical indicators remain mostly neutral with limited longer-term uptrend evidence.
Positive Factors
Deleveraging and balance-sheet resilience
Lower debt and a stable equity base strengthen financial flexibility, reduce leverage risk and help the group absorb operating volatility. This provides a more durable foundation for investment in products, manufacturing capacity and customer relationships.
Negative Factors
Persistent revenue contraction
A multi-year decline in revenue suggests weaker underlying demand, product-cycle pressure or limited growth in core categories. Unless new launches, channels or customer programs reverse the trend, lower scale could constrain operating leverage and future earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging and balance-sheet resilience
Lower debt and a stable equity base strengthen financial flexibility, reduce leverage risk and help the group absorb operating volatility. This provides a more durable foundation for investment in products, manufacturing capacity and customer relationships.
Read all positive factors
VTech Holdings (0303) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$12.77B
Dividend Yield8.3%
Average Volume (3M)656.43K
Price to Earnings (P/E)12.0
Beta (1Y)0.47
Revenue Growth-6.75%
EPS Growth-14.48%
CountryHK
Employees20,000
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.53
Shares Outstanding253,557,460
10 Day Avg. Volume652,527
30 Day Avg. Volume656,431
Financial Highlights & Ratios
PEG Ratio-0.98
Price to Book (P/B)2.95
Price to Sales (P/S)0.94
P/FCF Ratio20.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.55
Revenue Forecast (FY)HK$2.10B
VTech Holdings Business Overview & Revenue Model
Company Description
Vtech Holdings Limited operates as a global entity, focusing on the conception, production, and worldwide distribution of a broad spectrum of electronic goods across North America, Europe, the Asia Pacific region, and other international territori...
How the Company Makes Money
VTech makes money primarily through three revenue streams: (1) Sales of electronic learning products: The company develops and markets its own portfolio of children’s educational toys and learning devices. Revenue is generated from selling these b...
VTech Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
76
Positive
Cash Flow
54
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.02B | 2.18B | 2.15B | 2.24B | 2.37B |
| Gross Profit | 659.92M | 686.80M | 634.90M | 633.70M | 669.10M |
| EBITDA | 229.23M | 243.80M | 230.70M | 237.00M | 268.80M |
| Net Income | 133.54M | 156.80M | 166.60M | 149.20M | 172.70M |
Balance Sheet | |||||
| Total Assets | 1.30B | 1.32B | 1.26B | 1.32B | 1.49B |
| Cash, Cash Equivalents and Short-Term Investments | 264.11M | 335.60M | 322.10M | 198.50M | 195.80M |
| Total Debt | 126.85M | 142.10M | 158.70M | 179.90M | 197.10M |
| Total Liabilities | 651.87M | 674.80M | 617.10M | 683.70M | 807.90M |
| Stockholders Equity | 647.57M | 644.40M | 645.20M | 634.70M | 678.80M |
Cash Flow | |||||
| Free Cash Flow | 92.21M | 195.80M | 322.80M | 210.90M | 103.70M |
| Operating Cash Flow | 123.38M | 225.30M | 355.20M | 238.80M | 139.60M |
| Investing Cash Flow | -31.17M | -29.10M | -54.40M | -27.50M | -32.00M |
| Financing Cash Flow | -177.05M | -188.30M | -171.10M | -191.20M | -249.80M |
VTech Holdings Technical Analysis
Negative
50.70
Price Trends
50.88
Negative
52.46
Negative
55.44
Negative
Market Momentum
-0.34
Positive
45.23
Neutral
40.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0303, the sentiment is Negative. The current price of 50.7 is below the 20-day moving average (MA) of 51.01, below the 50-day MA of 50.88, and below the 200-day MA of 55.44, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 45.23 is Neutral, neither overbought nor oversold. The STOCH value of 40.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0303.
VTech Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$7.96B | 19.36 | 89.60% | 5.29% | 16.15% | 26.85% | |
76 Outperform | HK$48.31B | 16.15 | 10.42% | 0.84% | 15.86% | 24.46% | |
65 Neutral | HK$12.77B | 12.01 | 21.16% | 8.30% | -6.75% | -14.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$2.26B | 79.44 | 0.86% | 0.36% | 4.27% | ― | |
48 Neutral | HK$12.60B | 30.03 | 3.67% | 1.61% | 17.28% | 223.90% | |
45 Neutral | HK$173.44B | 47.23 | 4.35% | 2.06% | 11.81% | -55.08% |
* Technology Sector Average
HK:0303
VTech Holdings
49.92
-8.14
-14.02%
HK:2018
AAC Technologies Holdings
41.50
-1.97
-4.52%
HK:2342
Comba Telecom Systems Holdings
0.72
-2.20
-75.51%
HK:2038
FIH Mobile
16.74
-0.38
-2.24%
HK:0763
ZTE
22.98
-11.34
-33.03%
HK:1523
Plover Bay Technologies Ltd.
7.15
0.84
13.26%
VTech Holdings Corporate Events
VTech Updates Registered Office Address in Bermuda
Jul 31, 2026
VTech Holdings Limited has announced a change to its registered office address in Bermuda, effective 3 August 2026, relocating to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08. The move is an administrative adjustment to its corporate regis...
VTech Sets Final Dividend and HKD Exchange Rate for FY2026 Payout
Jul 27, 2026
VTech Holdings Limited has updated its final dividend announcement for the financial year ended 31 March 2026, confirming a payout of USD 0.36 per share following shareholder approval on 23 July 2026. The update specifies the exchange rate for Hon...
VTech Shareholders Back All Resolutions at 2026 AGM, Approve Capital Mandates
Jul 23, 2026
Shareholders of VTech Holdings Limited have approved all resolutions at the company’s 2026 annual general meeting held in Hong Kong, including the receipt of audited financial statements for the year ended 31 March 2026 and the declaration o...
VTech Sets 2026 AGM to Approve Dividend, Board Mandates and Capital Management Flexibility
Jun 18, 2026
VTech Holdings has called its 2026 annual general meeting for 23 July 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 March 2026 and vote on a proposed final dividend. The meeting will also ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.