Lianlian DigiTech Co Ltd (2598) fair value: what the stock is really worth
We calculate from audited financials what Lianlian DigiTech Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
29‑month range HK$3.41 – HK$16.46 · fair‑value band HK$5.58 – HK$6.16 · the HK$3.58 price screens below the HK$5.79 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Lianlian DigiTech Co., Ltd., together with its subsidiaries, provides digital payment services and value-added services to small and midsized merchants and enterprises in China and internationally. The company operates through Global Payment, Domestic Payment, Value-Added Services, and Others segments.
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Lianlian DigiTech Co., Ltd., together with its subsidiaries, provides digital payment services and value-added services to small and midsized merchants and enterprises in China and internationally. The company operates through Global Payment, Domestic Payment, Value-Added Services, and Others segments. The company's digital payment services comprise pay-in, pay-out, acquiring, foreign exchange, virtual card, and payment aggregation services. It also provides business and technology services, property leasing and management, digital marketing, referral, account and e-wallet, software development, and information technology services. Lianlian DigiTech Co., Ltd. was incorporated in 2009 and is headquartered in Hangzhou, China.
Stock analysis
Lianlian DigiTech Co Ltd (2598) currently trades at HK$3.58, while our model-based Fair Value estimate is HK$5.79, implying the stock looks roughly 38.2% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of HK$51.39 per share, and 17 of the 18 models we run sit above the HK$3.58 price.
Bear case: the Asset-Based group reads lowest at HK$1.87, and 1 of the 18 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$5.58 (bear) to HK$6.16 (bull), the price of HK$3.58 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Lianlian DigiTech Co Ltd reported revenue of 1.9B CNY in FY2025 versus 644M CNY in FY2021, a compound +31.6%/yr. Reported net income was 1.6B CNY in FY2025.
Key figures
Market cap HK$4.4B (≈ $566M) · P/E ratio 2.4 · P/S ratio 2.01 · EPS (TTM) HK$1.39 · Net margin 84.0% · Return on equity 77.2% · Return on assets (EBIT) −0.9% · Operating margin −69.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 77% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at 62%, 2598 screens cheaper than that median.
Fair Value models
Bear HK$5.58Fair Value HK$5.79Bull HK$6.16
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (HK$0.9787 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+46.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+37.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.8%
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−3.3% (2020) → −10.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+18.2%
Yearly sales growth analysts expect, extended to five years.
Compare Lianlian DigiTech Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Infrastructure · 379 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Profitability
Return on equity (TTM)77% · Top 25%
Return on assets−1% · Below median
Net margin (TTM)96% · Top 25%
Operating margin (TTM)−69% · Bottom 25%
Growth and dividend
Revenue growth36% · Top 25%
Balance sheet
Debt / equity0.04× · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Lianlian DigiTech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2598
Frequently asked questions
Is Lianlian DigiTech Co Ltd (2598) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of HK$5.79 versus a price of HK$3.58, about +62% upside (undervalued).
What is the fair value of 2598?
Our model-based fair value for Lianlian DigiTech Co Ltd is HK$5.79 (as of Sep 13, 2026), built from audited fundamentals. The current price: HK$3.58.
What is the quality score of 2598?
Lianlian DigiTech Co Ltd has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lianlian DigiTech Co Ltd (2598)?
Our model-based price target is the fair value of HK$5.79 (as of Sep 13, 2026) from 18 valuation models. Cautious scenario HK$5.58, optimistic scenario HK$6.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Lianlian DigiTech Co Ltd stock forecast for 2026?
Our models put fair value at HK$5.79, about +62% upside versus a price of HK$3.58 (undervalued). Cautious scenario HK$5.58, optimistic scenario HK$6.16. The calculation is refreshed regularly with new filings.
What is the revenue of Lianlian DigiTech Co Ltd (2598)?
Lianlian DigiTech Co Ltd reported trailing-twelve-month revenue of about HK$1.7B (latest available figure, as of Sep 13, 2026).
What growth is priced into Lianlian DigiTech Co Ltd (2598)?
For today's price to be fair in a discounted-cash-flow model, Lianlian DigiTech Co Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.8 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 2598 use?
Our models discount Lianlian DigiTech Co Ltd at 12.3 %: a base by market capitalisation (small), damped by beta 1.17, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lianlian DigiTech Co Ltd that is less than minus 40 % per year a year over ten years, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Lianlian DigiTech Co Ltd (2598) delivered so far?
Over the past 5 years revenue at Lianlian DigiTech Co Ltd grew +26.8 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lianlian DigiTech Co Ltd (2598) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Lianlian DigiTech Co Ltd (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lianlian DigiTech Co Ltd (2598)?
The free-cash-flow yield on the price is 2.15 %: that much free cash flow Lianlian DigiTech Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lianlian DigiTech Co Ltd (2598)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lianlian DigiTech Co Ltd it is HK$5.79 per share (as of Sep 13, 2026), against a price of HK$3.58. It is the blended result of 18 valuation models (cash flow, earnings, asset, dividend).
Is Lianlian DigiTech Co Ltd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 2598 trades below its calculated fair value: price HK$3.58, fair value HK$5.79, a gap of about +62% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2598?
No. The price is what the market pays today (HK$3.58); the fair value is what the company's own numbers justify (HK$5.79). For Lianlian DigiTech Co Ltd the two are HK$2.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lianlian DigiTech Co Ltd worth?
The market values Lianlian DigiTech Co Ltd at about HK$4.4B (market capitalisation, as of Sep 13, 2026). Per share that is HK$3.58; our models calculate a fair value of HK$5.79 per share.
What do the bullish and bearish scenarios say about 2598?
Our models span a range for Lianlian DigiTech Co Ltd: cautious scenario HK$5.58, base HK$5.79, optimistic HK$6.16 per share (as of Sep 13, 2026, price HK$3.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2598?
Lianlian DigiTech Co Ltd trades at a price-to-earnings ratio of 2.4 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$5.79 is built from several models across several years. Other multiples: P/B 1.4, P/S 2.6.
How solid is the balance sheet of Lianlian DigiTech Co Ltd (2598)?
Balance-sheet figures for Lianlian DigiTech Co Ltd (as of Sep 13, 2026): return on equity 77.2%, debt of 0.04 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 2598 from its 52-week high?
Lianlian DigiTech Co Ltd trades at HK$3.58, about 77% below its 52-week high of HK$15.30 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$5.79 is for.
Which stocks are comparable to Lianlian DigiTech Co Ltd?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lianlian DigiTech Co Ltd stock attractive at the current price?
The data as of Sep 13, 2026: price HK$3.58, calculated fair value HK$5.79 (+62%), Quality Score 51/100, from 18 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2598 calculated?
We run Lianlian DigiTech Co Ltd through 18 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$5.79, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Lianlian DigiTech Co Ltd currently trades 62 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Lianlian DigiTech Co Ltd right now?
The price is below even our cautious bear case (HK$5.58). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (HK$5.58 to HK$6.16), unusually little disagreement for a valuation.
Key figures of Lianlian DigiTech Co Ltd
How large is the market capitalisation of Lianlian DigiTech Co Ltd (2598)?
The market capitalisation of Lianlian DigiTech Co Ltd is HK$4.4B (≈ $566M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lianlian DigiTech Co Ltd (2598)?
The price-to-sales ratio of Lianlian DigiTech Co Ltd is 2.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lianlian DigiTech Co Ltd (2598)?
Earnings per share at Lianlian DigiTech Co Ltd are HK$1.39 (price ÷ EPS = P/E 2.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lianlian DigiTech Co Ltd (2598)?
The net margin of Lianlian DigiTech Co Ltd is 84.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lianlian DigiTech Co Ltd (2598)?
The return on equity (ROE) of Lianlian DigiTech Co Ltd is 77.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lianlian DigiTech Co Ltd (2598)?
On an EBIT basis the return on assets of Lianlian DigiTech Co Ltd is −0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lianlian DigiTech Co Ltd (2598)?
The operating margin of Lianlian DigiTech Co Ltd is −69.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lianlian DigiTech Co Ltd (2598)?
Revenue at Lianlian DigiTech Co Ltd is growing +36.3% versus a year earlier (3y avg +37.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lianlian DigiTech Co Ltd (2598)?
Earnings per share at Lianlian DigiTech Co Ltd are growing −19.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lianlian DigiTech Co Ltd (2598) hold?
Lianlian DigiTech Co Ltd holds more cash than debt, HK$20.9B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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