Stock fact sheet · data as of
KraneShares Hang Seng TECH Index ETF (KTEC): fair value, margin of safety and Wheel Score
Financial Services · Asset Management - Global · United States · High Growth
Is KTEC undervalued?
At 11.60 (close of 16 Oct 2026), KTEC trades 27% under the GLS average fair value of 15.96. 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 screen; 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 (4.61) 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.
The nightly engine files KTEC under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
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 | 4.61 | -60% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 12.24 | +6% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 35.77 | +208% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.64 | +35% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 38.29 | +230% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 6.43 | -45% | 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 | -40% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 9.65 | -17% | 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 Sunday Scan's "6 or more" rule. 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. A GLS Moat score of 2.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
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 4.53% (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 | 2.9 / 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 65: Good
With a Wheel Score of 65 - the Good band - KraneShares Hang Seng TECH Index ETF falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 24/25, Health 11/20, Moat 4/15, Premium 20/20, Stability 6/20; Moat (4/15) scores lowest.
Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 781 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 49k shares a day on a market cap of $46M, with a beta of 0.79 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 24 / 25 | 27% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 4 / 15 | moat 2.9/10 | |
| Premium | 20 / 20 | implied volatility 41% | |
| Stability | 6 / 20 | 49k shares/day, $46M cap, beta 0.79 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score 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.
Similar stocks in Asset Management - Global
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 | 27.40 | 28.82 | +5% | 33No options | $43M |
| GLOW VictoryShares WestEnd Global Equity ETF | 34.60 | 5.74 | -503% | 17No options | $66M |
| OBEGX Oberweis Global Opportunities Fund Investor Class | 37.38 | 491.36 | +92% | 39No options | $68M |
| GDO Western Asset Global Corporate Defined Opportunity Fund Inc. | 9.74 | 28.71 | +66% | 39No options | $73M |
| TDI Touchstone Dynamic International ETF | 45.90 | 680.79 | +93% | 39No options | $83M |
| RGT Royce Global Trust, Inc. | 14.08 | 54.32 | +74% | 39No options | $92M |
| MGQIX MSIF Global Stars Portfolio - I | 13.18 | 2,282.84 | +99% | 39No options | $19M |
| CNGLX Commonwealth Global Fund | 23.53 | 1,052.37 | +98% | 39No options | $18M |
| GGZ The Gabelli Global Small and Mid Cap Value Trust | 15.06 | 80.69 | +81% | 39No options | $115M |
| CGO Calamos Global Total Return Fund | 12.20 | 106.94 | +89% | 39No options | $120M |
| SGAPX Virtus SGA Global Growth I Class | 20.39 | 34.78 | +41% | 39No options | $145M |
| HGLB Highland Global Allocation Fund | 6.48 | 79.38 | +92% | 39No options | $153M |
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Start free See the Sunday ScanQuestions about KTEC
Is KTEC undervalued right now?
By the GLS models, moderately: at 11.60 the stock trades 27% below the average fair value of 15.96 (data as of 16 Oct 2026).
What is the Wheel Score of KTEC and what does it mean?
KTEC scores 65 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for KTEC?
15.96 per share as of 16 Oct 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 16 Oct 2026; the Calendars page is refreshed every morning.
Does KTEC have listed options, and how liquid are they?
Yes. The nightly snapshot found 190 listed contracts with 781 open interest across all expiries and implied volatility of 41% 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.