JNBY Design Ltd (3306) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of JNBY Design Ltd HK$38.93, price HK$22.10, upside +76.2%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch JNBY Design Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$4.55 – HK$22.54 · fair‑value band HK$25.68 – HK$53.21 · the HK$22.10 price screens below the HK$38.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow JNBY Design in your weekly email
Every Wednesday you see whether JNBY Design is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
JNBY Design Limited, together with its subsidiaries, engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People's Republic of China and internationally. It operates through three segments: Mature Brand, Younger Brands, and Emerging Brands.
Show more
JNBY Design Limited, together with its subsidiaries, engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People's Republic of China and internationally. It operates through three segments: Mature Brand, Younger Brands, and Emerging Brands. The company offers contemporary apparel, footwear, and accessories for women, men, and children, as well as household products under the JNBY, CROQUIS, jnby by JNBY, LESS, POMME DE TERRE, JNBYHOME, onmygame, and B1OCK brands. It sells its products through offline retail stores comprising self-operated stores and distributor-operated stores, as well as online channels. The company was formerly known as Croquis Investment Limited and changed its name to JNBY Design Limited in June 2016. JNBY Design Limited was founded in 1994 and is headquartered in Hangzhou, the People's Republic of China.
Stock analysis
JNBY Design Ltd (3306) currently trades at HK$22.10, while our model-based Fair Value estimate is HK$38.93, implying the stock looks roughly 43.2% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of HK$35.64 per share, and 12 of the 26 models we run sit above the HK$22.10 price.
Bear case: the Economic Profit group reads lowest at HK$10.88, and 14 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$25.68 (bear) to HK$53.21 (bull), the price of HK$22.10 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 74/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
JNBY Design Ltd reported revenue of 5.5B CNY in FY2025 versus 4.1B CNY in FY2021, a compound +7.7%/yr. Reported net income was 893M CNY in FY2025, compounding +8.4%/yr from FY2021.
Key figures
Market cap HK$11.6B (≈ $1.5B) · P/E ratio 8.4 · P/S ratio 1.34 · EPS (TTM) HK$0.5500 · Dividend yield 6.0% · Net margin 16.1% · Return on equity 37.8% · Return on assets (EBIT) 23.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 2% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 76%, 3306 screens cheaper than that median.
Fair Value models
Bear HK$25.68Fair Value HK$38.93Bull HK$53.21
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.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.97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.9%
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.
+10.7%
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.
+12.4%
Start year 2020 (pandemic). Over 10 years: +13.1% a year
Revenue growth 11 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.
+13.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.6%
Dividend (yield on the price)6.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13% vs 18%, slowing
Profit margin 2020 to 2025 ⓘ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.16% → 22%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−3.2%
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.
+6.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −4.8% a year for the price and +4.9% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Apparel Manufacturing · 225 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+79% · Top 25%
Profitability
Return on equity (TTM)38% · Top 25%
Return on assets15% · Top 25%
Net margin (TTM)17% · Top 25%
Operating margin (TTM)26% · Top 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is JNBY Design Ltd (3306) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$38.93 versus a price of HK$22.10, about +76% upside (undervalued).
What is the fair value of 3306?
Our model-based fair value for JNBY Design Ltd is HK$38.93 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$22.10.
What is the quality score of 3306?
JNBY Design Ltd has a Quality Score of 74/100. 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 JNBY Design Ltd (3306)?
Our model-based price target is the fair value of HK$38.93 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario HK$25.68, optimistic scenario HK$53.21. It is a calculation from audited fundamentals, not an analyst target.
What is the JNBY Design Ltd stock forecast for 2026?
Our models put fair value at HK$38.93, about +76% upside versus a price of HK$22.10 (undervalued). Cautious scenario HK$25.68, optimistic scenario HK$53.21. The calculation is refreshed regularly with new filings.
What is the revenue of JNBY Design Ltd (3306)?
JNBY Design Ltd reported trailing-twelve-month revenue of about 5.8B CNY (latest available figure, as of Sep 24, 2026).
Does JNBY Design Ltd pay a dividend?
JNBY Design Ltd currently shows a dividend yield of about 6.02% relative to its recent price (as of Sep 24, 2026).
What growth is priced into JNBY Design Ltd (3306)?
For today's price to be fair in a discounted-cash-flow model, JNBY Design Ltd would have to grow free cash flow by -3.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3306 use?
Our models discount JNBY Design Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.50, 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 JNBY Design Ltd that is -3.2 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has JNBY Design Ltd (3306) delivered so far?
Over the past 5 years revenue at JNBY Design Ltd grew +12.4 % a year. The price currently implies -3.2 % 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 JNBY Design Ltd (3306) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into JNBY Design Ltd (-3.2 % 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 JNBY Design Ltd (3306)?
The free-cash-flow yield on the price is 9.90 %: that much free cash flow JNBY Design Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JNBY Design Ltd (3306)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JNBY Design Ltd it is HK$38.93 per share (as of Sep 24, 2026), against a price of HK$22.10. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is JNBY Design Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3306 trades below its calculated fair value: price HK$22.10, fair value HK$38.93, a gap of about +76% (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 3306?
No. The price is what the market pays today (HK$22.10); the fair value is what the company's own numbers justify (HK$38.93). For JNBY Design Ltd the two are HK$16.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is JNBY Design Ltd worth?
The market values JNBY Design Ltd at about HK$11.6B (market capitalisation, as of Sep 24, 2026). Per share that is HK$22.10; our models calculate a fair value of HK$38.93 per share.
What do the bullish and bearish scenarios say about 3306?
Our models span a range for JNBY Design Ltd: cautious scenario HK$25.68, base HK$38.93, optimistic HK$53.21 per share (as of Sep 24, 2026, price HK$22.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3306?
JNBY Design Ltd trades at a price-to-earnings ratio of 8.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$38.93 is built from several models across several years. Other multiples: P/B 4.1, P/S 1.7, EV/EBITDA 7.0.
How solid is the balance sheet of JNBY Design Ltd (3306)?
Balance-sheet figures for JNBY Design Ltd (as of Sep 24, 2026): return on equity 37.8%, debt of 0.14 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 3306 from its 52-week high?
JNBY Design Ltd trades at HK$22.10, about 2% below its 52-week high of HK$22.54 and 35% above the low of HK$16.33 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$38.93 is for.
Which stocks are comparable to JNBY Design Ltd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP SA, 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 JNBY Design Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$22.10, calculated fair value HK$38.93 (+76%), Quality Score 74/100, from 26 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 3306 calculated?
We run JNBY Design Ltd through 26 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$38.93, 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 13.2 % above its aggregate fair value. JNBY Design Ltd currently trades 76 % 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 is the share price of JNBY Design Ltd (3306)?
The closing price on Sep 24, 2026 was HK$22.10. Our model-based fair value is HK$38.93, about +76% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JNBY Design Ltd right now?
The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (HK$25.68). The market is more pessimistic than our downside scenario. A fairly wide model range (HK$25.68 to HK$53.21) leaves room in how you read the outcome.
Where does the earnings growth of JNBY Design Ltd (3306) come from?
Earnings per share at JNBY Design Ltd grew +17.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.0 %, EBIT margin +2.2 %, tax rate +0.3 %, residual (interest, one-offs) +0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of JNBY Design Ltd
How large is the market capitalisation of JNBY Design Ltd (3306)?
The market capitalisation of JNBY Design Ltd is HK$11.6B (≈ $1.5B). 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 JNBY Design Ltd (3306)?
The price-to-sales ratio of JNBY Design Ltd is 1.34 (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 JNBY Design Ltd (3306)?
Earnings per share at JNBY Design Ltd are HK$0.5500 (price ÷ EPS = P/E 8.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JNBY Design Ltd (3306)?
The dividend yield of JNBY Design Ltd is 6.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of JNBY Design Ltd (3306)?
The net margin of JNBY Design Ltd is 16.1% (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 JNBY Design Ltd (3306)?
The return on equity (ROE) of JNBY Design Ltd is 37.8% (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 JNBY Design Ltd (3306)?
On an EBIT basis the return on assets of JNBY Design Ltd is 23.6% (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 JNBY Design Ltd (3306)?
The operating margin of JNBY Design Ltd is 26.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JNBY Design Ltd (3306)?
Revenue at JNBY Design Ltd is growing +7.0% versus a year earlier (3y avg +10.7%). 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 JNBY Design Ltd (3306)?
Earnings per share at JNBY Design Ltd are growing +11.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does JNBY Design Ltd (3306) carry?
The net debt of JNBY Design Ltd is 321M CNY (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch JNBY Design Ltd in the live analysis
One click puts JNBY Design Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 24, 2026