3686 (3686) Fair Value & Analysis

Consumer Defensive · Market cap HK$599M

3 3686 3686 · HK

PriceHK$0.5800

Fair ValueHK$2.24

Upside+286.2%

Quality74/100

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Evidence: High Range HK$1.72 – HK$2.75

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −6.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.4381 – HK$0.7933 · fair‑value band HK$1.72 – HK$2.75 · the HK$0.5800 price screens below the HK$2.24 fair value. As of Jul 2, 2026.

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Analysis

3686 (3686) currently trades at HK$0.5800, while our model-based Fair Value estimate is HK$2.24 — implying the stock looks roughly 286.2% undervalued today. We read business quality at 74/100 (solid quality), in the Consumer Defensive 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, 3686 generated revenue of HK$320M at a net margin of 88.9%. Revenue declined 14.1% year over year. It earns a return on equity of 54.5%. The balance sheet holds a net cash position of HK$175M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$320M

Revenue growth (YoY) -14.1%

Net margin 88.9%

Return on equity 54.5%

Free cash flow HK$80.8M FY2025

P/E ratio 1.8

More key figures

Operating margin 33.2%

EPS (TTM) HK$0.0700

Dividend yield 14.4%

EPS growth (YoY) +371%

Net cash HK$175M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

3686 reported revenue of HK$320M in FY2025 versus HK$431M in FY2021, a compound −7.1%/yr. Reported net income was HK$285M in FY2025, compounding +36.9%/yr from FY2021.

Revenue −7.1%/yr

FY21 HK$431M

FY22 HK$383M

FY23 HK$345M

FY24 HK$367M

FY25 HK$320M

Net income +36.9%/yr

FY21 HK$81.1M

FY22 HK$95.1M

FY23 HK$85.8M

FY24 HK$97.5M

FY25 HK$285M

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

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L L	C$66.47	C$40.13	-40%
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The Kroger Co KR	$63.57	$26.18	-59%
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Woolworths Group WOW	A$37.63	A$12.52	-67%

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Frequently asked questions

Is 3686 (3686) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$2.24 versus a price of HK$0.5800 — about +286% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 3686?

Our model-based fair value for 3686 is HK$2.24 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5800.

What is the quality score of 3686?

3686 has a Quality Score of 74/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 3686 (3686)?

3686 reported trailing-twelve-month revenue of about HK$320M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 3686?

The net profit margin of 3686 is about 88.9%, meaning it keeps roughly 88.9% of revenue as net income. Based on the latest reported figures.

Does 3686 pay a dividend?

3686 currently shows a dividend yield of about 14.41% 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.