Stocktoria

AAC Technologies Holdings Inc. 2018.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Technology · website

AAC Technologies Holdings Inc. statistics & valuation

Market capCN¥49.6B
P / E19.7×
P / S1.6×
P / B2.0×
P / FCF11.0×
Net margin7.9%
FCF margin14.1%
Net debtCN¥2.2B
Enterprise value USD$6.6B
Earnings yield EBIT/EV5.4%
Return on capital8.2%
Graham number -25.1%CN¥32.15

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥32.15); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.00% 3.60% 6.60% 7.90% 2022202320242025
Gross margin (%)
18.30% 16.90% 22.10% 22.10% 2022202320242025
Operating margin (%)
5.50% 3.90% 8.40% 8.80% 2022202320242025
Return on equity (%)
3.80% 3.40% 7.90% 10.30% 2022202320242025
Shares outstanding
1.16B 1.16B 1.16B 1.16B 2022202320242025
Net debt (CN¥)
CN¥3.61B CN¥2.76B CN¥2.92B CN¥2.22B 2022202320242025
Share buybacks (CN¥)
CN¥127.9M CN¥353.8M CN¥203.2M CN¥954.5M 2022202320242025
Return on assets (%)
2.00% 1.90% 3.80% 5.10% 2022202320242025
Free cash flow margin (%)
11.90% 15.10% 10.70% 14.10% 2022202320242025
Debt / equity (×)
0.48× 0.44× 0.46× 0.44× 2022202320242025
EPS (CN¥)
CN¥0.66 CN¥0.60 CN¥1.53 CN¥2.18 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AAC Technologies Holdings Inc. trades at about 19.7× earnings — below its 10-year norm (10-year range 17×–31.5×, median 29.3×).

17× 31.5×

Shaded band = 10-year range (17×–31.5×); dot = today's 19.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin22.1%22.1%16.9%18.3%
Operating margin8.8%8.4%3.9%5.5%
Net margin7.9%6.6%3.6%4.0%
FCF margin14.1%10.7%15.1%11.9%
Return on assets5.1%3.8%1.9%2.0%
Return on equity10.3%7.9%3.4%3.8%
Debt / equity0.31×0.33×0.25×0.36×
Current ratio1.491.451.631.89

Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.