2556 (2556) Fair Value & Analysis

Technology · Market cap HK$8.3B

2 2556 2556 · HK

PriceHK$31.10

Fair ValueHK$8.15

Upside-73.8%

Quality34/100

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Evidence: High Range HK$7.71 – HK$9.02

Fair value as of: Jul 2, 2026

From 15 valuation models · updated today

Share price −18.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$28.64 – HK$62.10 · fair‑value band HK$7.71 – HK$9.02 · the HK$31.10 price screens above the HK$8.15 fair value. As of Jul 2, 2026.

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Analysis

2556 (2556) currently trades at HK$31.10, while our model-based Fair Value estimate is HK$8.15 — implying the stock looks roughly 73.8% overvalued today. We read business quality at 34/100 (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: high).

Over the trailing twelve months, 2556 generated revenue of HK$2.8B at a net margin of 3.2%. Revenue grew 130.7% year over year. It earns a return on equity of 5.7%. Net debt stands at HK$656M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$2.8B

Revenue growth (YoY) +131%

Net margin 3.2%

Return on equity 5.7%

Free cash flow −HK$709M FY2025

P/E ratio 77.8

More key figures

Operating margin 1.3%

EPS (TTM) HK$0.1500

Net debt HK$656M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2556 reported revenue of HK$2.7B in FY2025 versus HK$877M in FY2021, a compound +33.0%/yr. Reported net income was HK$86.6M in FY2025.

Revenue +33.0%/yr

FY21 HK$877M

FY22 HK$1.1B

FY23 HK$1.2B

FY24 HK$1.6B

FY25 HK$2.7B

Net income

FY21 −HK$273M

FY22 −HK$216M

FY23 −HK$169M

FY24 −HK$877M

FY25 HK$86.6M

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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	$71.43	$103.49	+45%
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%

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Frequently asked questions

Is 2556 (2556) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$8.15 versus a price of HK$31.10 — about −74% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2556?

Our model-based fair value for 2556 is HK$8.15 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$31.10.

What is the quality score of 2556?

2556 has a Quality Score of 34/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2556 (2556)?

2556 reported trailing-twelve-month revenue of about HK$2.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2556?

The net profit margin of 2556 is about 3.2%, meaning it keeps roughly 3.2% 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.