Stock fact sheet · data as of
KraneShares Hang Seng TECH Index ETF (KTEC): fair value, margin of safety and Wheel Score
Ticker symbol KTEC · Financial Services · Asset Management - Global · United States · Fund / Note
Is KTEC undervalued?
At 11.48 (close of 5 Nov 2026), KTEC trades 28% under the GLS average fair value of 16.01. 4 of the 8 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS scan; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between DCF (5.02) and GLS Growth (38.29). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
KTEC looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for KTEC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 5.02 | -56% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 12.24 | +7% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 35.77 | +212% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.64 | +36% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 38.29 | +234% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 6.43 | -44% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 7.73 | -33% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 6.95 | -39% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 9.30 | -19% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
KraneShares Hang Seng TECH Index ETF scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. There is no GLS Moat score for KTEC: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are moderate - ROIC 5.5%, ROE 5.9%, ROA 3.7% - with debt at 0.07 times equity and negative free cash flow.
The dividend yield is high at 4.58% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.5% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 5.9% |
| Debt / equity | 0.07 | ROA | 3.7% |
| Free-cash-flow yield | -1.5% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 41: Weak
With a Wheel Score of 41 KraneShares Hang Seng TECH Index ETF sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (277 open interest, 169 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 8, big enough - market cap $47M (under $1.0B); Moat (weak) is its weakest part.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is thin - 277 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.4M shares a day on a market cap of $47M, with a beta of 0.66 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (277 open interest, 169 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $47M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 28% below fair value | |
| Premium | Strong | implied volatility 34% | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Good | Red Flags score 87/100 | |
| Option trading | Weak | 169 contracts a day, 277 open interest | |
| Stability | Fair | beta 0.66, $47M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for KTEC in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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The 12 companies below are the closest to KraneShares Hang Seng TECH Index ETF by market cap within the Asset Management - Global industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AIAFX abrdn Global Infrastructure Fund Class A | 28.22 | 28.82 | +2% | 11No options | $44M |
| GLOW VictoryShares WestEnd Global Equity ETF | 34.87 | 5.74 | -508% | 10No options | $66M |
| OBEGX Oberweis Global Opportunities Fund Investor Class | 36.03 | 491.68 | +93% | 25No options | $70M |
| GDO Western Asset Global Corporate Defined Opportunity Fund Inc. | 9.53 | 28.77 | +67% | 26No options | $72M |
| TDI Touchstone Dynamic International ETF | 45.19 | 680.47 | +93% | 28No options | $82M |
| RGT Royce Global Trust, Inc. | 14.90 | 54.28 | +73% | 33No options | $98M |
| MGQIX MSIF Global Stars Portfolio - I | 12.85 | 2,162.83 | +99% | 24No options | $20M |
| GGZ The Gabelli Global Small and Mid Cap Value Trust | 15.42 | 80.69 | +81% | 31No options | $118M |
| CGO Calamos Global Total Return Fund | 12.04 | 106.98 | +89% | 24No options | $118M |
| CNGLX Commonwealth Global Fund | 23.80 | 1,049.70 | +98% | 29No options | $19M |
| SGAPX Virtus SGA Global Growth I Class | 20.28 | 36.18 | +44% | 26No options | $128M |
| HGLB Highland Global Allocation Fund | 6.06 | 79.82 | +92% | 26No options | $143M |
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Start free See the Sunday ScanQuestions about KTEC
Is KTEC undervalued right now?
By the GLS models, moderately: at 11.48 the stock trades 28% below the average fair value of 16.01 (data as of 5 Nov 2026).
What is the Wheel Score of KTEC and what does it mean?
KTEC scores 41 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for KTEC?
16.01 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does KraneShares Hang Seng TECH Index ETF report earnings next?
No upcoming earnings date is recorded for KTEC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does KTEC have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 277 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.