Legend Holdings Corp (3396) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Legend Holdings Corp HK$14.76, price HK$24.98, upside -40.9%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 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 27, 2026.
How to read this chart
60‑month range HK$5.10 – HK$26.16 · fair‑value band HK$11.07 – HK$17.76 · the HK$24.98 price screens above the HK$14.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Legend Holdings Corporation, along with its subsidiaries, operates in the industrial operations and industrial incubations and investments sectors in the People's Republic of China and internationally.
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Legend Holdings Corporation, along with its subsidiaries, operates in the industrial operations and industrial incubations and investments sectors in the People's Republic of China and internationally. The company provides intelligent devices and infrastructure, creates intelligent solutions, services, and software; research, develops, produces, and sells advanced material products; engages in agriculture and food-related businesses; and offers integrated banking services, including corporate and institutional banking, retail banking, private banking, and capital markets. It also invests in private equity and venture capital funds as a limited partner; holds interest in the general partners of various funds; and makes angel investments in technology start-ups, as well as minority investments in other entities. In addition, it engages in aviation logistics, financial services, medical and healthcare, and office leasing-related businesses. Further, it develops car management software, chemicals, and energy materials; provides car services, information consulting, cold chain, insurance, investment management, and medical consultation services; and engages in real estate investment, asset management, enterprise management, and project investment. Additionally, the company is involved in agriculture product planting and trading, agricultural investment, logistics, and food investment activities; trades in, processes, and sells seafood and other animal protein-related products; offers office building rental and services; develops and manufactures new energy technologies; provides financial services; engages in banking and insurance; and produces and sells salmon. Legend Holdings Corporation was incorporated in 1984 and is headquartered in Beijing, the People's Republic of China.
Stock analysis
Legend Holdings Corp (3396) currently trades at HK$24.98, while our model-based Fair Value estimate is HK$14.76, 40.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$18.62 per share, and 2 of the 17 models we run sit above the HK$24.98 price.
Bear case: the Earnings-Based group reads lowest at HK$4.72, and 15 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$11.07 (bear) to HK$17.76 (bull), the price of HK$24.98 sits above 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 45/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Legend Holdings Corp reported revenue of 613B CNY in FY2025 versus 490B CNY in FY2021, a compound +5.8%/yr. Reported net income was 1.1B CNY in FY2025, compounding −34.5%/yr from FY2021.
Key figures
Market cap HK$58.7B (≈ $7.5B) · P/E ratio 36.8 · P/S ratio 0.06 · EPS (TTM) HK$0.2500 · Net margin 0.2% · Return on equity 186% · Return on assets (EBIT) 3.1% · Operating margin 1.6%.
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 5% below its 52-week high and 219% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at −41%, 3396 screens richer than that median.
Fair Value models
Bear HK$11.07Fair Value HK$14.76Bull HK$17.76
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 9 months old). Earnings retained since then (HK$0.1877 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+17.4%
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.
+8.2%
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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +7.1% a year
Revenue growth 17 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.
+10.3%
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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. Basis: EBIT basis.
≈ +12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.7%
Dividend (yield on the price)0.0%
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.−28.8% vs −13.7%, 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.3% → 4%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 63% above its own trend.
News mood ⓘNews mood, the average tone of recent news (13 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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.Computer Hardware · 214 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−40.9% · Below median
Profitability
Return on equity (TTM)186.4% · Top 25%
Return on assets21.3% · Top 25%
Net margin (TTM)12.1% · Top 25%
Operating margin (TTM)1.6% · Below median
Growth and dividend
Revenue growth−9.7% · Bottom 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity1.53× · Highest 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)36.8× · Pricier than median
P/B0.90× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)9.12× · Priciest 25%
EV/EBITDA15.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 69
PAST (return on equity)100· sector 28
HEALTH (low debt)23· sector 97
DIVIDEND (yield)9· sector 41
VALUE 0: the price sits above our fair-value range.
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 Legend Holdings Corp (3396) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$14.76 versus a price of HK$24.98, about −41% upside (overvalued).
What is the fair value of 3396?
Our model-based fair value for Legend Holdings Corp is HK$14.76 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$24.98.
What is the quality score of 3396?
Legend Holdings Corp has a Quality Score of 45/100. 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 Legend Holdings Corp (3396)?
Our model-based price target is the fair value of HK$14.76 (as of Sep 27, 2026) from 17 valuation models. Cautious scenario HK$11.07, optimistic scenario HK$17.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Legend Holdings Corp stock forecast for 2026?
Our models put fair value at HK$14.76, about −41% upside versus a price of HK$24.98 (overvalued). Cautious scenario HK$11.07, optimistic scenario HK$17.76. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Legend Holdings Corp (3396)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Legend Holdings Corp it is HK$14.76 per share (as of Sep 27, 2026), against a price of HK$24.98. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Legend Holdings Corp stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 3396 trades above its calculated fair value: price HK$24.98, fair value HK$14.76, a gap of about −41% (overvalued). 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 3396?
No. The price is what the market pays today (HK$24.98); the fair value is what the company's own numbers justify (HK$14.76). For Legend Holdings Corp the two are HK$10.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Legend Holdings Corp worth?
The market values Legend Holdings Corp at about HK$58.7B (market capitalisation, as of Sep 27, 2026). Per share that is HK$24.98; our models calculate a fair value of HK$14.76 per share.
What do the bullish and bearish scenarios say about 3396?
Our models span a range for Legend Holdings Corp: cautious scenario HK$11.07, base HK$14.76, optimistic HK$17.76 per share (as of Sep 27, 2026, price HK$24.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3396?
Legend Holdings Corp trades at a price-to-earnings ratio of 36.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$14.76 is built from several models across several years. Other multiples: P/B 0.9, P/S 9.1, EV/EBITDA 15.8.
How solid is the balance sheet of Legend Holdings Corp (3396)?
Balance-sheet figures for Legend Holdings Corp (as of Sep 27, 2026): return on equity 186.4%, debt of 1.53 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 3396 from its 52-week high?
Legend Holdings Corp trades at HK$24.98, about 5% below its 52-week high of HK$26.16 and 219% above the low of HK$7.82 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$14.76 is for.
Which stocks are comparable to Legend Holdings Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Seagate Technology Holdings, Western Digital Corporation, 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 Legend Holdings Corp stock attractive at the current price?
The data as of Sep 27, 2026: price HK$24.98, calculated fair value HK$14.76 (−41%), Quality Score 45/100, from 17 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 3396 calculated?
We run Legend Holdings Corp through 17 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$14.76, 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 14.7 % above its aggregate fair value. Legend Holdings Corp itself currently trades above fair value. 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 Legend Holdings Corp (3396)?
The closing price on Sep 30, 2026 was HK$24.98. Our model-based fair value is HK$14.76, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Legend Holdings Corp right now?
The price sits above even our optimistic bull case (HK$17.76). The favourable scenario is already priced in. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Legend Holdings Corp
How large is the market capitalisation of Legend Holdings Corp (3396)?
The market capitalisation of Legend Holdings Corp is HK$58.7B (≈ $7.5B). 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 Legend Holdings Corp (3396)?
The price-to-sales ratio of Legend Holdings Corp is 0.06 (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 Legend Holdings Corp (3396)?
Earnings per share at Legend Holdings Corp are HK$0.2500 (price ÷ EPS = P/E 36.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Legend Holdings Corp (3396)?
The net margin of Legend Holdings Corp is 0.2% (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 Legend Holdings Corp (3396)?
The return on equity (ROE) of Legend Holdings Corp is 186% (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 Legend Holdings Corp (3396)?
On an EBIT basis the return on assets of Legend Holdings Corp is 3.1% (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 Legend Holdings Corp (3396)?
The operating margin of Legend Holdings Corp is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Legend Holdings Corp (3396)?
Revenue at Legend Holdings Corp is growing −9.7% versus a year earlier (3y avg +8.2%). 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 Legend Holdings Corp (3396)?
Earnings per share at Legend Holdings Corp are growing −63.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Legend Holdings Corp (3396) generate?
The free cash flow of Legend Holdings Corp is −17.3B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Legend Holdings Corp (3396) carry?
The net debt of Legend Holdings Corp is 125B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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