Cogobuy Group (0400) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Cogobuy Group stock HK$3.21, price HK$3.21, upside +0.2%, quality 47 out of 100. Rating: fairly valued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.
How to read this chart
60‑month range HK$0.9800 – HK$5.54 · fair‑value band HK$2.26 – HK$4.39 · the HK$3.21 price screens below the HK$3.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.
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Ingdan, Inc. operates as a technology service platform for integrated circuit (IC) chips industry and artificial intelligence and internet of things (AIoT) ecosystem in the People's Republic of China and Hong Kong. It operates through Comtech and Ingdan segments.
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The Comtech segment is involved in the sale of IC, electronic components, and AIoT products.
The Ingdan segment provides proprietary and semi-conductor products; supply chain financing services comprising Ingfin financing services; and operates a marketplace, as well as engages in the software licensing business.
It is also involved in the investment holding; development and sale of hardware, software, and services for intelligent products; and application design and distribution of chips. The company was formerly known as Cogobuy Group and changed its name to Ingdan, Inc. in June 2022.
The company was incorporated in 2012 and is headquartered in Shenzhen, China.
Stock analysis
Cogobuy Group (0400) currently trades at HK$3.21, while our model-based Fair Value estimate is HK$3.21, so the stock looks roughly fairly valued today (gap 0.2%).
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Valuation
Bull case: the Multiples group reads highest at a median of HK$3.54 per share, and 6 of the 17 models we run sit above the HK$3.21 price.
Bear case: the Dividend Discount group reads lowest at HK$0.3250, and 11 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$2.26 (bear) to HK$4.39 (bull), the price of HK$3.21 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cogobuy Group reported revenue of 15.2B CNY in FY2025 versus 9.5B CNY in FY2021, a compound +12.6%/yr. Reported net income was 215M CNY in FY2025, compounding −7.7%/yr from FY2021.
Key figures
Market cap HK$5.2B (≈ $662M) Small · P/E ratio 13.9 · P/S ratio 0.20 · Dividend yield 1.0% · Net margin 1.7% · Return on equity 10.3% · Return on assets (EBIT) 4.8% (5-year average) · Operating margin 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 60% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 0%, 0400 screens cheaper than that median.
Fair Value models
BearHK$2.26Fair Value HK$3.21BullHK$4.39
Price HK$3.21 · Upside +0.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+50.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.7%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+38.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +9.3%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 9.3% / −6.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 3%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.087 per share, median 0.23 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronics & Computer Distribution · 155 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+0.2% · Below median
Profitability
Return on equity (12 months)10.3% · Above median
Return on assets2.8% · Below median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)3.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)98.4% · Top 25%
Dividend yield (12 months)1.0% · Bottom 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cogobuy Group Fair Value". https://www.fairvalue-calculator.com/stock/0400
Frequently asked questions
Is Cogobuy Group (0400) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of HK$3.21 versus a price of HK$3.21, about +0% upside (fairly valued).
What is the fair value of 0400?
Our model-based fair value for Cogobuy Group is HK$3.21 (as of Nov 13, 2026), built from audited fundamentals. The current price: HK$3.21.
What is the quality score of 0400?
Cogobuy Group has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cogobuy Group (0400)?
Our model-based price target is the fair value of HK$3.21 (as of Nov 13, 2026) from 17 valuation models. Cautious scenario HK$2.26, optimistic scenario HK$4.39. It is a calculation from audited fundamentals, not an analyst target.
What is the Cogobuy Group stock forecast for 2026?
Our models put fair value at HK$3.21, about +0% upside versus a price of HK$3.21 (fairly valued). Cautious scenario HK$2.26, optimistic scenario HK$4.39. The calculation is refreshed regularly with new filings.
What is the revenue of Cogobuy Group (0400)?
Cogobuy Group reported trailing-twelve-month revenue of about 21.8B CNY (latest available figure, as of Nov 13, 2026).
Does Cogobuy Group pay a dividend?
Cogobuy Group currently shows a dividend yield of 1.04% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of Cogobuy Group (0400)?
Cogobuy Group has a dividend yield of 1.0%.
What is the intrinsic value of Cogobuy Group (0400)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cogobuy Group it is HK$3.21 per share (as of Nov 13, 2026), against a price of HK$3.21. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Cogobuy Group stock overvalued or undervalued in 2026?
As of Nov 13, 2026, 0400 trades below its calculated fair value: price HK$3.21, fair value HK$3.21, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0400?
No. The price is what the market pays today (HK$3.21); the fair value is what the company's own numbers justify (HK$3.21). For Cogobuy Group the two are HK$0.0050 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cogobuy Group worth?
The market values Cogobuy Group at about HK$5.2B (market capitalisation, as of Nov 13, 2026). Per share that is HK$3.21; our models calculate a fair value of HK$3.21 per share.
What do the bullish and bearish scenarios say about 0400?
Our models span a range for Cogobuy Group: cautious scenario HK$2.26, base HK$3.21, optimistic HK$4.39 per share (as of Nov 13, 2026, price HK$3.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0400?
Cogobuy Group trades at a price-to-earnings ratio of 13.9 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$3.21 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 13.1. Other multiples: P/B 1.0, P/S 0.3, EV/EBITDA 5.7.
How solid is the balance sheet of Cogobuy Group (0400)?
Balance-sheet figures for Cogobuy Group (as of Nov 13, 2026): return on equity 10.3%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 0400 from its 52-week high?
Cogobuy Group trades at HK$3.21, about 42% below its 52-week high of HK$5.54 and 60% above the low of HK$2.00 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$3.21 is for.
Which stocks are comparable to Cogobuy Group?
From the same area (Technology) we also value TD SYNNEX Corporation, Rexel S.A, Unisplendour Corporation, Arrow Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cogobuy Group stock attractive at the current price?
The data as of Nov 13, 2026: price HK$3.21, calculated fair value HK$3.21 (+0%), Quality Score 47/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0400 calculated?
We run Cogobuy Group through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$3.21 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1% above its aggregate fair value. Cogobuy Group itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cogobuy Group (0400)?
The closing price on Nov 13, 2026 was HK$3.21. Our model-based fair value is HK$3.21, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cogobuy Group right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (HK$2.26 to HK$4.39) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Cogobuy Group (0400) come from?
Earnings per share at Cogobuy Group fell 6.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.6 %, EBIT margin −2.2 %, tax rate −0.9 %, residual (interest, one-offs) −4.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cogobuy Group
How large is the market capitalisation of Cogobuy Group (0400)?
The market capitalisation of Cogobuy Group is HK$5.2B (≈ $662M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cogobuy Group (0400)?
The price-to-sales ratio of Cogobuy Group is 0.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Cogobuy Group (0400)?
The dividend yield of Cogobuy Group is 1.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cogobuy Group (0400)?
The net margin of Cogobuy Group is 1.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cogobuy Group (0400)?
The return on equity (ROE) of Cogobuy Group is 10.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cogobuy Group (0400)?
On an EBIT basis the return on assets of Cogobuy Group is 4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cogobuy Group (0400)?
The operating margin of Cogobuy Group is 3.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cogobuy Group (0400)?
Revenue at Cogobuy Group is growing 98.4% versus a year earlier (3y avg +16.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cogobuy Group (0400)?
Earnings per share at Cogobuy Group are growing 101% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cogobuy Group (0400) generate?
The free cash flow of Cogobuy Group is −149M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Cogobuy Group (0400) carry?
The net debt of Cogobuy Group is 1.4B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 13, 2026