2199 (2199) Fair Value & Analysis

Consumer Cyclical · Market cap HK$2.2B

2 2199 2199 · HK

PriceHK$1.78

Fair ValueHK$5.09

Upside+186.0%

Quality56/100

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Evidence: High Range HK$3.24 – HK$6.36

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −3.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.41 – HK$2.48 · fair‑value band HK$3.24 – HK$6.36 · the HK$1.78 price screens below the HK$5.09 fair value. As of Jul 2, 2026.

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Analysis

2199 (2199) currently trades at HK$1.78, while our model-based Fair Value estimate is HK$5.09 — implying the stock looks roughly 186.0% undervalued today. We read business quality at 56/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, 2199 generated revenue of HK$7.7B at a net margin of 3.7%. Revenue grew 0.4% year over year. It earns a return on equity of 9.0%. Net debt stands at HK$3.4B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$7.7B

Revenue growth (YoY) +0.4%

Net margin 3.7%

Return on equity 9.0%

Free cash flow HK$772M FY2025

P/E ratio 7.8

More key figures

Operating margin 1.2%

EPS (TTM) HK$0.2100

EPS growth (YoY) +18.6%

Net debt HK$3.4B FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

2199 reported revenue of HK$7.7B in FY2026 versus HK$8.3B in FY2022, a compound −1.9%/yr. Reported net income was HK$283M in FY2026, compounding −14.1%/yr from FY2022.

Revenue −1.9%/yr

FY22 HK$8.3B

FY23 HK$7.9B

FY24 HK$7.0B

FY25 HK$7.8B

FY26 HK$7.7B

Net income −14.1%/yr

FY22 HK$521M

FY23 HK$383M

FY24 HK$143M

FY25 HK$184M

FY26 HK$283M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
H & M Hennes & Mauritz AB HMB	kr 165.70	kr 144.10	-13%
Ralph Lauren Corporation RL	$366.55	$365.78	-0%
Moncler S.p.A MONC	€53.84	€38.28	-29%
Gildan Activewear Inc GIL	$52.09	$33.02	-37%
LPP SA LPP	21,880 PLN	18,197 PLN	-17%
Levi Strauss & Co LEVI	$23.37	$16.66	-29%

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Frequently asked questions

Is 2199 (2199) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$5.09 versus a price of HK$1.78 — about +186% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2199?

Our model-based fair value for 2199 is HK$5.09 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.78.

What is the quality score of 2199?

2199 has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2199 (2199)?

2199 reported trailing-twelve-month revenue of about HK$7.7B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2199?

The net profit margin of 2199 is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. 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.