2590 (2590) Fair Value & Analysis

Technology · Market cap HK$15.7B

2 2590 2590 · HK

PriceHK$11.73

Fair ValueHK$3.60

Upside-69.3%

Quality36/100

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Evidence: Low Range HK$3.54 – HK$3.66

Fair value as of: Jul 2, 2026

From 2 valuation models · updated today

Share price −25.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$10.99 – HK$33.38 · fair‑value band HK$3.54 – HK$3.66 · the HK$11.73 price screens above the HK$3.60 fair value. As of Jul 2, 2026.

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Analysis

2590 (2590) currently trades at HK$11.73, while our model-based Fair Value estimate is HK$3.60 — implying the stock looks roughly 69.3% overvalued today. We read business quality at 36/100 (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, 2590 generated revenue of HK$3.2B at a net margin of -0.3%. Revenue grew 32.0% year over year. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$3.2B

Revenue growth (YoY) +32.0%

Net margin -0.3%

Free cash flow −HK$44.4M FY2025

P/E ratio 391.0

Operating margin 4.7%

More key figures

EPS (TTM) HK$-0.0400

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

2590 reported revenue of HK$3.2B in FY2025 versus HK$1.5B in FY2022, a compound +29.7%/yr. Reported net income was −HK$10.4M in FY2025.

Revenue +29.7%/yr

FY22 HK$1.5B

FY23 HK$2.1B

FY24 HK$2.4B

FY25 HK$3.2B

Net income

FY22 −HK$1.6B

FY23 −HK$1.1B

FY24 −HK$832M

FY25 −HK$10.4M

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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$949.05	R$674.65	-29%
Salesforce, Inc CRM	$153.42	$182.10	+19%
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%

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Frequently asked questions

Is 2590 (2590) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$3.60 versus a price of HK$11.73 — about −69% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2590?

Our model-based fair value for 2590 is HK$3.60 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$11.73.

What is the quality score of 2590?

2590 has a Quality Score of 36/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2590 (2590)?

2590 reported trailing-twelve-month revenue of about HK$3.2B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2590?

The net profit margin of 2590 is about -0.3%, 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.