Alpha Technology Group Limited

AI-generated fair value estimate for this company.

Method: Net tangible book value approach: FY2025 (ended Sep 30, 2025) balance sheet shows total assets HK$34.86M, total liabilities HK$10.33M, equity HK$24.53M (cash HK$30.92M, debt HK$5M). Converted at ~7.8 HKD/USD = ~US$3.15M equity. Divided by ~16.46M shares outstanding = ~$0.19/share; rounded to $0.20/share to give modest credit for the still-operating software/AI-OCR platform and customer relationships beyond pure liquidation value.

Reasoning: TTM revenue of only $950K (down ~40% YoY) and a $9.05M net loss make a DCF meaningless — there is no sustainable positive free cash flow to project. A tangible-book-value/liquidation-style approach is the only defensible anchor for a loss-making, sub-$1M-revenue micro-cap. The resulting estimate is far below the current market price (~$6.37), which reflects speculative, low-float retail trading (beta 3.92, 52-week range $4.52-$50) rather than fundamentals.