2498 (2498) Fair Value & Analysis

Technology · Market cap HK$11.0B

2 2498 2498 · HK

PriceHK$23.88

Fair ValueHK$6.35

Upside-73.4%

Quality43/100

Watch 2498 for free — get notified when fair value or trend changes. Watch for free

Evidence: Low Range HK$4.19 – HK$7.94

Fair value as of: Jul 2, 2026

From 1 valuation models · updated today

Share price −26.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$20.60 – HK$43.54 · fair‑value band HK$4.19 – HK$7.94 · the HK$23.88 price screens above the HK$6.35 fair value. As of Jul 2, 2026.

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

Analysis

2498 (2498) currently trades at HK$23.88, while our model-based Fair Value estimate is HK$6.35 — implying the stock looks roughly 73.4% overvalued today. We read business quality at 43/100 (below-average quality), in the Technology 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, 2498 generated revenue of HK$2.1B at a net margin of -5.3%. Revenue grew 39.9% year over year. It earns a return on equity of -2.9%. The balance sheet holds a net cash position of HK$1.8B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$2.1B

Revenue growth (YoY) +39.9%

Net margin -5.3%

Return on equity -2.9%

Free cash flow −HK$611M FY2026

Operating margin -16.7%

More key figures

EPS (TTM) HK$-0.1635

Net cash HK$1.8B FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

2498 reported revenue of HK$1.9B in FY2026 versus HK$331M in FY2022, a compound +54.6%/yr. Reported net income was −HK$142M in FY2026.

Revenue +54.6%/yr

FY22 HK$331M

FY23 HK$530M

FY24 HK$1.1B

FY25 HK$1.6B

FY26 HK$1.9B

Net income

FY22 −HK$1.7B

FY23 −HK$2.1B

FY24 −HK$4.3B

FY25 −HK$482M

FY26 −HK$142M

Is 2498 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Compal Electronics, Inc CEIR	$0.0310	$0.0100	-68%
Dell Technologies Inc DELL	$418.71	$355.18	-15%
Arista Networks, Inc ANET	$166.01	$79.74	-52%
Western Digital Corporation WDC	$490.09	$126.56	-74%
Quanta Computer Inc 2382	390.50 TWD	439.71 TWD	+13%
Hangzhou Hikvision Digital Technology Co 002415	¥32.83	¥39.93	+22%

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks

Frequently asked questions

Is 2498 (2498) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$6.35 versus a price of HK$23.88 — about −73% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2498?

Our model-based fair value for 2498 is HK$6.35 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$23.88.

What is the quality score of 2498?

2498 has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2498 (2498)?

2498 reported trailing-twelve-month revenue of about HK$2.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2498?

The net profit margin of 2498 is about -5.3%, 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.