2239 (2239) Fair Value & Analysis

Technology · Market cap HK$325M

2 2239 2239 · HK

PriceHK$0.9800

Fair ValueHK$1.07

Upside+9.2%

Quality54/100

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Evidence: Medium Range HK$0.8200 – HK$1.33

Fair value as of: Jul 2, 2026

From 8 valuation models · updated today

Share price −45.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.6962 – HK$2.18 · fair‑value band HK$0.8200 – HK$1.33 · the HK$0.9800 price screens below the HK$1.07 fair value. As of Jul 2, 2026.

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Analysis

2239 (2239) currently trades at HK$0.9800, while our model-based Fair Value estimate is HK$1.07 — implying the stock looks roughly 9.2% undervalued today. We read business quality at 54/100 (solid quality), in the Technology 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: medium) — always confirm before acting.

Over the trailing twelve months, 2239 generated revenue of HK$14.7M at a net margin of -36.0%. Revenue grew 43.9% year over year. It earns a return on equity of -3.5%. The balance sheet holds a net cash position of HK$17.2M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$14.7M

Revenue growth (YoY) +43.9%

Net margin -36.0%

Return on equity -3.5%

Free cash flow −HK$5.9M FY2025

Operating margin -47.2%

More key figures

EPS (TTM) HK$-0.0500

Dividend yield 0.1%

EPS growth (YoY) +409%

Net cash HK$17.2M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2239 reported revenue of HK$14.7M in FY2025 versus HK$36.3M in FY2021, a compound −20.2%/yr. Reported net income was −HK$5.3M in FY2025.

Revenue −20.2%/yr

FY21 HK$36.3M

FY22 HK$29.4M

FY23 HK$22.5M

FY24 HK$14.0M

FY25 HK$14.7M

Net income

FY21 HK$9.8M

FY22 HK$57.2M

FY23 −HK$13.9M

FY24 −HK$38.5M

FY25 −HK$5.3M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
NVIDIA Corporation NVDA	$208.65	$96.91	-54%
Taiwan Semiconductor Manufacturing Company TSMN	7,419 MXN	8,886 MXN	+20%
Broadcom Inc 1YD	€375.60	€99.46	-74%
Micron Technology, Inc ZMIC	C$52.57	C$10.88	-79%
Advanced Micro Devices, Inc AMD	$452.40	$80.19	-82%
SK hynix Inc 000660	1,000,000 KRW	1,109,311 KRW	+11%

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Frequently asked questions

Is 2239 (2239) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.07 versus a price of HK$0.9800 — about +9% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2239?

Our model-based fair value for 2239 is HK$1.07 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.9800.

What is the quality score of 2239?

2239 has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2239 (2239)?

2239 reported trailing-twelve-month revenue of about HK$14.7M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2239?

The net profit margin of 2239 is about -36.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 2239 pay a dividend?

2239 currently shows a dividend yield of about 0.08% relative to its recent price (as of Jul 2, 2026).

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.