Hang Feng Technology Innovation Co., Ltd. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Fair value per share
Under review: every model's value for Hang Feng Technology Innovation Co., Ltd. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Price vs value
Under review: limited reported history: available models are shown without a Buy/Hold/Sell rating. We'll show the comparison once resolved.
Hang Feng Technology Innovation Co., Ltd. valuation: adjust assumptions and compare models →
The Fundamentalytics view
Hang Feng Technology Innovation Co., Ltd.'s trailing-twelve-month revenue grew 14.7% year on year, with a free-cash-flow margin of -55.4%.
Current signal Operating margin compressing: TTM operating margin fell to -418.9%, down 467.3pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Loss-making. Operating margin is -418.9%: costs exceed revenue.
- Margins narrowing. Operating margin is down 467.3 points on a year ago.
- Burning cash. Free cash flow was -55.4% of revenue over the last 12 months.
- Heavy stock-based pay. Stock pay equals 384.7% of revenue: a real cost that cash-flow figures leave out.
- Share dilution. Diluted shares rose 45.2% in a year.
Price chart
- 1 day-1.2%
- 1 week-16.5%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $2.3M
- Operating margin
- -418.9%
- Net margin
- -411.8%
- EPS (TTM, diluted)
- $-1.65
Growth
- Revenue growth
- +14.7%
- Share count change
- +45.2%
Cash
- Free cash flow (TTM)
- -$1.3M
- FCF margin
- -55.4%
- Stock pay % of revenue
- 384.7%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for FOFO from the sources we follow. See filings →
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
Valuation models
We value Hang Feng Technology Innovation Co., Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.1 ~$0.2–$0.9 | Left out: out of range vs price (0.07x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hang Feng Technology Innovation Co., Ltd. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Forecasts and guidance
Analysts' consensus
No analyst estimates are published for Hang Feng Technology Innovation Co., Ltd.: too few analysts cover it.
Positioning
- Short interest
- 0.5% of tradable shares
- Days to cover
- 0.05 at average volume
- Short interest, 1 month
- +3111% to October 15, 2026
- Held by institutions
- 2% of shares
- Held by insiders
- 103.3% of shares
- Employees
- 14 full time
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Fundamentals
Financial statements
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|
| Income | ||
| Revenue | 2 | 2 |
| EBITDA | 1 | −10 |
| Operating income | 1 | −10 |
| Net income | 1 | −10 |
| Diluted EPS | $0.22 | −$1.65 |
| Growth (year on year) | ||
| Revenue | — | +14.7% |
| EBITDA | — | <−999% |
| Operating income | — | <−999% |
| Net income | — | <−999% |
| Diluted EPS | — | −850.0% |
| Margins | ||
| EBITDA margin | 48.8% | −418.5% |
| Operating margin | 48.4% | −418.9% |
| Net margin | 42.7% | −411.8% |
| Free-cash-flow margin | 65.2% | −55.4% |
| Cash flow | ||
| Cash from operations | 1 | −1 |
| Capital spending | 0 | 0 |
| Free cash flow | 1 | −1 |
| Stock-based pay | — | 9 |
| Free cash flow after stock pay | — | −10 |
| Balance sheet | ||
| Cash | 3 | 7 |
| Total debt | 0 | 0 |
| Net debt (negative = net cash) | −3 | −7 |
| Diluted shares | 4m | 6m |
Financial health
- Short-term assets cover short-term liabilities $8m of assets due within a year against $231,754 of liabilities due within a year.
- Short-term assets cover long-term liabilities $8m short-term assets against $53,350 of longer-dated liabilities.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Dividends, buybacks and capital spending
- Diluted share count
- +45.2%
- year over year
- R&D spending
- 384.7%
- of revenue
- Days sales outstanding
- 5 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | FOFO | INTJ | ZTG | EGG | ROMA | ACCL | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $2m | $2m | $3m | $4m | $1m | $5m | $580m |
| Revenue growth, last 12 months | 14.7% | −8.8% | 55.8% | 12.2% | −22.3% | 5.8% | 4.9% |
| Gross margin | — | 63.8% | — | 68.8% | 17.1% | 42.7% | 43.9% |
| Operating margin | −418.9% | −108.2% | — | 12.1% | −315.0% | 4.5% | 5.5% |
| Net margin | −411.8% | −98.3% | 31.7% | 12.6% | −287.8% | 5.6% | 2.9% |
| Cash from operations / revenue | −55.4% | −1.0% | −115.8% | −38.5% | −208.9% | 11.1% | 9.6% |
| Free-cash-flow margin | −55.4% | −5.5% | −115.8% | −44.1% | −209.0% | 10.6% | 7.4% |
| Stock pay / revenue | 384.7% | 101.2% | — | — | 74.5% | — | 2.6% |
| Change in share count | 45.2% | 56.0% | 0.4% | 3.5% | 278.5% | 8.1% | 0.6% |
Who owns it
- Reported value
- $265,477
- Institutions reporting
- 4
- Shares held vs prior quarter
- ▲ 235.5%
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| HRT Financial LP | $151,000 | 48K | 56.9% | New |
| Xtx Topco Ltd | $75,407 | 24K | 28.4% | New |
| Nomura Holdings Inc | $31,889 | 10K | 12.0% | 0.0% |
| UBS Group AG | $7,181 | 2K | 2.7% | ▲ 733.2% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hang Feng Technology Innovation Co., Ltd.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Hang Feng Technology Innovation Co., Ltd. in brief
- What does Hang Feng Technology Innovation Co., Ltd. do?
- Hang Feng Technology Innovation Co., Ltd. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
- What is Hang Feng Technology Innovation Co., Ltd.'s stock ticker?
- Hang Feng Technology Innovation Co., Ltd. trades under the ticker FOFO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Hang Feng Technology Innovation Co., Ltd.'s revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Hang Feng Technology Innovation Co., Ltd. reported revenue of $2.3M, 14.7% higher than a year earlier, according to its SEC filings.
- What is Hang Feng Technology Innovation Co., Ltd.'s free cash flow?
- Hang Feng Technology Innovation Co., Ltd.'s free-cash-flow margin is -55.4% of revenue over the trailing twelve months.
- Who are Hang Feng Technology Innovation Co., Ltd.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, Xtx Topco Ltd and Nomura Holdings Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Who are Hang Feng Technology Innovation Co., Ltd.'s competitors?
- In our Research & Consulting Services peer group, the companies closest to Hang Feng Technology Innovation Co., Ltd. are Intelligent Group Ltd, Zenta Group Co Ltd, Enigmatig LTD, Roma Green Finance Ltd and Acco Group Holdings Ltd. The side-by-side comparison below sets their revenue, margins and growth against Hang Feng Technology Innovation Co., Ltd.'s.
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