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1939 (1939) Fair Value & Analysis

Consumer Cyclical · Market cap HK$241M

1 1939 1939 · HK
PriceHK$0.4600
Fair ValueHK$0.2100
Upside-54.3%
Quality51/100
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Evidence: Low Range HK$0.1700 – HK$0.2500

Fair value as of: Jul 2, 2026

From 7 valuation models · updated today

Share price −32.4% over the past month.

Price vs Fair Value (12 months)

HK$10.20 HK$0.4400 Fair Value HK$0.2100 Jun 2025 Jul 2026

12‑month range HK$0.4400 – HK$10.20 · fair‑value band HK$0.1700 – HK$0.2500 · the HK$0.4600 price screens above the HK$0.2100 fair value. As of Jul 2, 2026.

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Analysis

1939 (1939) currently trades at HK$0.4600, while our model-based Fair Value estimate is HK$0.2100 — implying the stock looks roughly 54.3% overvalued today. We read business quality at 51/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Over the trailing twelve months, 1939 generated revenue of HK$107M at a net margin of -16.8%. Revenue grew 139.8% year over year. It earns a return on equity of -7.6%. The balance sheet holds a net cash position of HK$32.7M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$107M
Revenue growth (YoY) +140%
Net margin -16.8%
Return on equity -7.6%
Free cash flow HK$37.0M FY2025
Operating margin 5.0%
More key figures
EPS (TTM) HK$-0.0400
EPS growth (YoY) -79.0%
Net cash HK$32.7M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1939 reported revenue of HK$62.1M in FY2025 versus HK$80.8M in FY2021, a compound −6.4%/yr. Reported net income was −HK$19.5M in FY2025.

Revenue −6.4%/yr
FY21 HK$80.8M
FY22 HK$79.6M
FY23 HK$72.8M
FY24 HK$57.9M
FY25 HK$62.1M
Net income
FY21 HK$8.4M
FY22 HK$8.4M
FY23 −HK$8.3M
FY24 −HK$26.9M
FY25 −HK$19.5M

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Similar stocks

6 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ANCTF $57.91 $61.82 +7%
Casey's General Stores, Inc CASY $761.57 $222.50 -71%
Williams-Sonoma, Inc WSM $226.06 $164.16 -27%
Ulta Beauty, Inc ULTA $467.07 $370.46 -21%
DICK'S Sporting Goods, Inc DKS $238.57 $229.41 -4%
China Tourism Group 601888 ¥56.79 ¥48.19 -15%

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Frequently asked questions

Is 1939 (1939) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$0.2100 versus a price of HK$0.4600 — about −54% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 1939?
Our model-based fair value for 1939 is HK$0.2100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4600.
What is the quality score of 1939?
1939 has a Quality Score of 51/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 1939 (1939)?
1939 reported trailing-twelve-month revenue of about HK$107M (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 1939?
The net profit margin of 1939 is about -16.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.