3623 (3623) Fair Value & Analysis

Financial Services · Market cap HK$309M

3 3623 3623 · HK

PriceHK$0.4900

Fair ValueHK$0.1400

Upside-71.4%

Quality44/100

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Evidence: Medium Range HK$0.1300 – HK$0.1600

Fair value as of: Jul 2, 2026

From 9 valuation models · updated today

Share price −24.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.4900 – HK$1.53 · fair‑value band HK$0.1300 – HK$0.1600 · the HK$0.4900 price screens above the HK$0.1400 fair value. As of Jul 2, 2026.

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Analysis

3623 (3623) currently trades at HK$0.4900, while our model-based Fair Value estimate is HK$0.1400 — implying the stock looks roughly 71.4% overvalued today. We read business quality at 44/100 (below-average quality), in the Financial Services 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: medium).

Over the trailing twelve months, 3623 generated revenue of HK$44.7M at a net margin of -54.8%. Revenue grew 200.7% year over year. It earns a return on equity of -12.8%. The balance sheet holds a net cash position of HK$90.8M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$44.7M

Revenue growth (YoY) +201%

Net margin -54.8%

Return on equity -12.8%

Free cash flow HK$2.5M FY2025

Operating margin -55.1%

More key figures

Net cash HK$90.8M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

3623 reported revenue of HK$43.4M in FY2025 versus HK$109M in FY2021, a compound −20.5%/yr. Reported net income was −HK$23.8M in FY2025.

Revenue −20.5%/yr

FY21 HK$109M

FY22 HK$92.0M

FY23 HK$22.7M

FY24 HK$66.9M

FY25 HK$43.4M

Net income

FY21 −HK$71.2M

FY22 −HK$74.2M

FY23 −HK$33.4M

FY24 −HK$39.1M

FY25 −HK$23.8M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
ORIX Corporation IX	$39.20	$35.63	-9%
Bajaj Finserv Ltd BAJAJFINSV	₹1,664	₹797.07	-52%
Yuanta Financial Holding 2885	65.30 TWD	129.91 TWD	+99%
China Galaxy Securities Co 601881	¥12.10	¥24.20	+100%
Guosen Securities Co 002736	¥10.01	¥20.02	+100%
CNPC Capital Company 000617	¥7.17	¥6.44	-10%

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Frequently asked questions

Is 3623 (3623) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.1400 versus a price of HK$0.4900 — about −71% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 3623?

Our model-based fair value for 3623 is HK$0.1400 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4900.

What is the quality score of 3623?

3623 has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 3623 (3623)?

3623 reported trailing-twelve-month revenue of about HK$44.7M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 3623?

The net profit margin of 3623 is about -54.8%, 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.