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2621 (2621) Fair Value & Analysis

Financial Services · Market cap HK$756M

2 2621 2621 · HK
PriceHK$3.35
Fair ValueHK$3.92
Upside+17.0%
Quality52/100
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Evidence: High Range HK$2.94 – HK$4.90

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price +6.0% over the past month.

Price vs Fair Value (12 months)

HK$4.88 HK$2.78 Fair Value HK$3.92 Jun 2025 Jul 2026

12‑month range HK$2.78 – HK$4.88 · fair‑value band HK$2.94 – HK$4.90 · the HK$3.35 price screens below the HK$3.92 fair value. As of Jul 2, 2026.

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Analysis

2621 (2621) currently trades at HK$3.35, while our model-based Fair Value estimate is HK$3.92 — implying the stock looks roughly 17.0% undervalued today. We read business quality at 52/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, 2621 generated revenue of HK$1.5B at a net margin of 54.0%. Revenue grew 33.8% year over year. It earns a return on equity of 278.0%. The stock trades on a trailing P/E of 2.9. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.5B
Revenue growth (YoY) +33.8%
Net margin 54.0%
Return on equity 278%
Free cash flow HK$82.4M FY2025
P/E ratio 2.9
More key figures
Operating margin 16.6%
EPS (TTM) HK$0.2200
Dividend yield 3.8%

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

2621 reported revenue of HK$1.5B in FY2025 versus HK$806M in FY2022, a compound +22.1%/yr. Reported net income was HK$793M in FY2025, compounding +82.3%/yr from FY2022.

Revenue +22.1%/yr
FY22 HK$806M
FY23 HK$1.6B
FY24 HK$1.4B
FY25 HK$1.5B
Net income +82.3%/yr
FY22 HK$131M
FY23 −HK$356M
FY24 −HK$136M
FY25 HK$793M

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Similar stocks

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

Stock Price Fair Value vs Fair Value
Marsh & McLennan Companies, Inc MRSH $167.15 $112.25 -33%
Aon plc AON $336.33 $216.52 -36%
Arthur J. Gallagher & Co A1JG34 R$559.44 R$72.61 -87%
Willis Towers Watson Public Limited WTW $263.54 $178.13 -32%
Brown & Brown, Inc BRO $61.80 $40.43 -35%
Erie Indemnity Company ERIE $231.98 $152.05 -34%

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Frequently asked questions

Is 2621 (2621) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$3.92 versus a price of HK$3.35 — about +17% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2621?
Our model-based fair value for 2621 is HK$3.92 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$3.35.
What is the quality score of 2621?
2621 has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2621 (2621)?
2621 reported trailing-twelve-month revenue of about HK$1.5B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 2621?
The net profit margin of 2621 is about 54.0%, meaning it keeps roughly 54.0% of revenue as net income. Based on the latest reported figures.
Does 2621 pay a dividend?
2621 currently shows a dividend yield of about 3.76% relative to its recent price (as of Jul 2, 2026).

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.