Assessing PCCW (SEHK:8) Valuation After 2025 Results Highlight Lower Loss And Conflicting Fair Value Signals

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Feb 17

AdvertisementWhy PCCW’s latest earnings caught the market’s attention PCCW (SEHK:8) shares were in focus after the company reported full year 2025 results, with sales of HK$40,252 million and a net ...

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See our latest analysis for PCCW. The earnings release and call appear to have been a key reference point for investors, with the 1 month share price return of 10.02% and 1 year total shareholder return of 41.21% suggesting improving momentum after a softer 7 day share price move. If results like PCCW’s have you rethinking where growth could come from next, it could be worth scanning our 25 power grid technology and infrastructure stocks as a fresh set of infrastructure ideas. With PCCW still reporting a small net loss but showing an intrinsic discount of about 30% and a strong 1-year total return, you have to ask: is there still value on the table, or is the market already pricing in future growth? Most Popular Narrative: 18.4% Overvalued The most followed narrative pegs PCCW’s fair value at HK$5.10, compared with the last close at HK$6.04, and leans heavily on a higher discount rate and lower growth assumptions.  Analysts have lowered their PCCW price target from HK$5.40 to HK$5.10, citing updated assumptions that combine lower projected revenue growth and a higher discount rate, partly offset by improved profit margin expectations and a reduced future P/E multiple.  Fair Value: Adjusted from HK$5.40 to HK$5.10, reflecting a modest reduction in the assessed value per share. Read the complete narrative. Want to see why slimmer revenue assumptions still support a multi billion earnings outlook and a higher profit margin profile? The key tension is how much future profitability justifies today’s price tag and the earnings multiple baked into that HK$5.10 fair value. Curious which growth, margin and discount rate inputs really move the needle here? The full narrative lays out those numbers in black and white. Result: Fair Value of HK$5.10 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that outlook can change quickly if Viu struggles against global OTT rivals, or if high fibre and 5G investment keeps squeezing free cash flow. Find out about the key risks to this PCCW narrative. Another View: DCF Points the Other Way The narrative based on analyst assumptions points to PCCW being 18.4% overvalued at HK$6.04 versus a fair value of HK$5.10. Our DCF model tells a different story, with a fair value of HK$8.62, which is about 29.9% above the current price and implies the shares look undervalued instead. When one approach says \"overvalued\" and another flags a discount, it really comes down to which cash flow path and discount rate you find more realistic, and how much faith you put in those long term earnings forecasts. Look into how the SWS DCF model arrives at its fair value. 8 Discounted Cash Flow as at Feb 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out PCCW for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 222 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.  Build Your Own PCCW Narrative If you look at these numbers and reach a different conclusion, or simply want to test your own assumptions, you can build a custom PCCW story in just a few minutes, starting with Do it your way. A great starting point for your PCCW research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Looking for more investment ideas? If PCCW’s tug of war between fair value estimates has you thinking bigger, do not stop here. Your next strong idea could be one screener away.  Hunt for quality at a discount by scanning 222 high quality undervalued stocks that pair solid fundamentals with room for the market to catch up. Prioritize staying power and resilience by checking out 325 resilient stocks with low risk scores that score well on stability and downside protection. Spot potential early movers by reviewing our screener containing 571 high quality undiscovered gems that many investors may not be watching yet.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}