Fair Value Calculator Fair Value Calculator
EN DE

2392 (2392) Fair Value & Analysis

Technology · Market cap HK$594M

2 2392 2392 · HK
PriceHK$1.07
Fair ValueHK$1.96
Upside+83.2%
Quality53/100
Watch 2392 for free — get notified when fair value or trend changes. Watch for free
Evidence: Medium Range HK$1.37 – HK$2.55

Fair value as of: Jul 2, 2026

From 9 valuation models · updated today

Share price −13.0% over the past month.

Price vs Fair Value (12 months)

HK$1.92 HK$1.00 Fair Value HK$1.96 Jun 2025 Jul 2026

12‑month range HK$1.00 – HK$1.92 · fair‑value band HK$1.37 – HK$2.55 · the HK$1.07 price screens below the HK$1.96 fair value. As of Jul 2, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

2392 (2392) currently trades at HK$1.07, while our model-based Fair Value estimate is HK$1.96 — implying the stock looks roughly 83.2% undervalued today. We read business quality at 53/100 (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, 2392 generated revenue of HK$763M at a net margin of -7.1%. Revenue declined 36.5% year over year. It earns a return on equity of -12.6%. Net debt stands at HK$6.0M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$763M
Revenue growth (YoY) -36.5%
Net margin -7.1%
Return on equity -12.6%
Free cash flow HK$72.9M FY2025
Operating margin -4.2%
More key figures
EPS (TTM) HK$-0.0500
Net debt HK$6.0M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2392 reported revenue of HK$744M in FY2025 versus HK$992M in FY2021, a compound −7.0%/yr. Reported net income was −HK$52.9M in FY2025.

Revenue −7.0%/yr
FY21 HK$992M
FY22 HK$1.0B
FY23 HK$1.3B
FY24 HK$1.2B
FY25 HK$744M
Net income
FY21 HK$14.5M
FY22 −HK$35.7M
FY23 −HK$72.4M
FY24 HK$6.9M
FY25 −HK$52.9M

Is 2392 fairly valued? → Check now

Similar stocks

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

Stock Price Fair Value vs Fair Value
SAP SE SAPP34 R$902.10 R$674.56 -25%
Salesforce, Inc CRM $170.92 $178.06 +4%
Uber Technologies, Inc UBER $68.61 $88.21 +29%
Shopify Inc SHOP $109.54 $30.42 -72%
ServiceNow, Inc NOW $127.65 $35.40 -72%
Cadence Design Systems, Inc CDNS $389.04 $80.41 -79%

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is 2392 (2392) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$1.96 versus a price of HK$1.07 — about +83% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2392?
Our model-based fair value for 2392 is HK$1.96 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.07.
What is the quality score of 2392?
2392 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2392 (2392)?
2392 reported trailing-twelve-month revenue of about HK$763M (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 2392?
The net profit margin of 2392 is about -7.1%, 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.