Dmall Inc (2586) Fair Value & Analysis
Technology · HK · Market cap HK$5.3B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$4.85 to HK$4.86 (+0.2%) since Aug 5, 2026. Share price −12.6% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from HK$3.62 (bear) to HK$5.93 (bull), base HK$4.86. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (20 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
20‑month range HK$5.14 – HK$13.80 · fair‑value band HK$3.62 – HK$5.93 · the HK$5.25 price screens above the HK$4.86 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Dmall Inc (2586) currently trades at HK$5.25, while our model-based Fair Value estimate is HK$4.86, implying the stock looks roughly 7.4% fairly valued today. The Quality Score stands at 63/100 (solid 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, Dmall Inc generated revenue of HK$2.2B at a net margin of 6.0%. Revenue grew 24.8% year over year. It earns a return on equity of 15.9%. The balance sheet holds a net cash position of HK$492M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$3.62 (bear case) to HK$5.93 (bull case); at HK$5.25, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 63% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at -7%, 2586 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (HK$5.97) versus Dividend Discount (HK$0.0700). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 13
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Dmall Inc., together with its subsidiaries, provides retail digitalization solutions in China, Hong Kong, Cambodia, Singapore, Malaysia, Poland, Macau, Indonesia, the Philippines, Brunei, Australia, and internationally. The company operates in two segments, AI Retail Core Solution and AI Retail Value-Added Service.
Full company description
Dmall Inc., together with its subsidiaries, provides retail digitalization solutions in China, Hong Kong, Cambodia, Singapore, Malaysia, Poland, Macau, Indonesia, the Philippines, Brunei, Australia, and internationally. The company operates in two segments, AI Retail Core Solution and AI Retail Value-Added Service. It offers Dmall OS system, a SaaS solution that provides customization, implementation, software development, and maintenance services to retailers; and AI retail value-added services, including intelligent loss prevention, picking, merchandising, cashier, distribution, and cleaning services, as well as self-service night receiving systems, remote duty, and offline marketing services and products. The company also engages in the provision of various solutions, such as in-store operations, POS checkout, data intelligence hub, and franchising services; omnichannel sales and member engagement; category planning, smart shelf display, and smart replenishment; supplier and sourcing management, smart procurement, and warehousing and transportation; smart security solutions, workforce improvement, and sustainable solutions; and AI merchandising, customer service solutions, and security solutions. In addition, it is involved in research and development. The company was incorporated in 2015 and is headquartered in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Dmall Inc reported revenue of HK$2.2B in FY2025 versus HK$848M in FY2021, a compound +26.5%/yr. Reported net income was HK$134M in FY2025.
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Peer Group
Software - Infrastructure · 369 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $506.06 | $365.74 | -28% |
| Oracle Corporation ORAC | C$7.22 | C$2.34 | -68% |
| Fortinet, Inc FTNT | $160.84 | $61.46 | -62% |
| Synopsys, Inc 1SNPS | €358.00 | €93.61 | -74% |
| Block, Inc XYZ | A$111.01 | A$70.69 | -36% |
| Range Intelligent Computing Technology Group 300442 | ¥67.70 | ¥30.89 | -54% |
| Oracle Financial Services Software Limited OFSS | ₹11,679 | ₹6,897 | -41% |
| 360 Security Technology Inc 601360 | ¥9.58 | ¥1.05 | -89% |
| One97 Communications Limited PAYTM | ₹1,610 | ₹241.68 | -85% |
| PT GoTo Gojek Tokopedia Tbk GOTO | 50.00 IDR | 20.41 IDR | -59% |
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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.
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