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EEKA Fashion Holdings (3709) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$3.3B

EF EEKA Fashion Holdings 3709 · HK
PriceHK$5.51
Fair ValueHK$11.68
Upside+112.0%
Quality69/100
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Mixed Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
6.52% dividend yield
Ranks above peers (13/14)
Narrow moat 35/100
Evidence: High Range HK$8.76 – HK$14.60 Share as image

Fair value as of: Aug 6, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from HK$11.61 to HK$11.68 (+0.6%) since Jul 2, 2026. Share price +5.2% over the past month.

A solid business, screening 112% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$8.76). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$12.79 HK$4.65 Fair Value HK$11.68 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range HK$4.65 – HK$12.79 · fair‑value band HK$8.76 – HK$14.60 · the HK$5.51 price screens below the HK$11.68 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

EEKA Fashion Holdings (3709) currently trades at HK$5.51, while our model-based Fair Value estimate is HK$11.68, implying the stock looks roughly 112.0% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical 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, EEKA Fashion Holdings generated revenue of HK$6.3B at a net margin of 6.3%. Revenue declined 3.1% year over year. It earns a return on equity of 8.9%. Net debt stands at HK$1.0B. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$8.76 (bear case) to HK$14.60 (bull case); at HK$5.51, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -45% fair-value upside, at 112%, 3709 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF HK$28.48 HK$56.28 HK$100.39 80
Residual Income HK$5.77 HK$6.23 HK$7.23 76
Rev-Margin DCF HK$12.70 HK$19.16 HK$28.28 74
All 26 models by family
DCF Models
FCF DCF HK$29.49 HK$51.39 HK$106.83 38
Owner Earnings HK$25.84 HK$52.44 HK$103.05 31
5Y Revenue Exit HK$12.70 HK$18.96 HK$27.16 39
5Y EBITDA Exit HK$21.18 HK$38.07 HK$60.71 41
5Y P/E Exit HK$15.96 HK$26.42 HK$38.81 38
10Y Revenue Exit HK$17.78 HK$26.33 HK$38.04 36
10Y EBITDA Exit HK$23.67 HK$40.86 HK$69.26 37
10Y P/E Exit HK$20.15 HK$31.92 HK$49.59 35
Earnings-Based
Graham-Dodd HK$4.02 HK$24.93 HK$34.80 54
Lynch FV HK$7.16 HK$10.23 HK$13.30 50
PEG = 1.0 HK$7.16 HK$10.23 HK$13.30 46
EPV HK$3.69 HK$4.17 HK$4.59 59
Dividend Discount
Gordon GGM HK$3.06 HK$6.10 HK$9.23 70
DDM Multi-Stage HK$3.06 HK$5.27 HK$6.44 61
Multiples
P/E Multiple HK$9.76 HK$13.01 HK$16.27 63
P/S Multiple HK$7.54 HK$10.06 HK$12.57 58
P/B Multiple HK$7.54 HK$10.06 HK$12.57 55
EV/EBIT HK$7.35 HK$9.58 HK$11.82 53
EV/EBITDA HK$18.29 HK$24.17 HK$30.05 54
EV/Revenue HK$5.17 HK$7.10 HK$9.04 43
Asset-Based
NCAV (Graham) HK$3.44 HK$4.61 HK$6.89 50
Growth DCF
Growth DCF HK$28.48 HK$56.28 HK$100.39 80
Rev-Margin DCF HK$12.70 HK$19.16 HK$28.28 74
Economic Profit
Residual Income HK$5.77 HK$6.23 HK$7.23 76
ROIC Compounder HK$3.69 HK$4.17 HK$4.59 72
Growth Earnings
Growth-Adj P/E HK$10.49 HK$14.99 HK$19.48 68

Widest divergence: DCF Models (HK$31.92) versus Economic Profit (HK$4.17). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$6.3B
Revenue growth (YoY) -3.1%
Net margin 6.3%
Return on equity 8.9%
Free cash flow HK$1.4B FY2025
P/E ratio 7.2
More key figures
Operating margin 5.7%
EPS (TTM) HK$0.4200
Dividend yield 6.5%
EPS growth (YoY) -41.7%
Net debt HK$1.0B FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 71 · Market factors (momentum, volatility) 34

Profitability 56
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 93
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

EEKA Fashion Holdings Limited, together with its subsidiaries, engages in the design, promotion, marketing, retail, and wholesale of ladies' wear products in China.

Full company description

EEKA Fashion Holdings Limited, together with its subsidiaries, engages in the design, promotion, marketing, retail, and wholesale of ladies' wear products in China. It offers dresses, skirts, trousers, shirts, knitwear, vests, jackets, overcoats, scarves, and accessories under the Koradior, La Koradior, ELSEWHERE, FUUNNY FEELLN, CADIDL, NAERSI, NAERSILING, and NEXY.CO brand names. The company is also involved in the trading of ladies' wear and garments; fashion creation and design activities; brand promotion; software design; property leasing services; and operation of e-commerce platforms. It sells its products through retail stores, third-party e-commerce platforms, distributors, and promotional activities. The company was formerly known as Koradior Holdings Limited and changed its name to EEKA Fashion Holdings Limited in June 2019. EEKA Fashion Holdings Limited was founded in 2007 and is headquartered in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EEKA Fashion Holdings reported revenue of HK$6.3B in FY2025 versus HK$6.4B in FY2021, a compound −0.3%/yr. Reported net income was HK$397M in FY2025, compounding −8.4%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$6.3B
Latest YoY
−4.6%
Avg. growth/yr (3Y) 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.
+3.5%
Avg. growth/yr (5Y) 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.
+3.4%
Avg. growth/yr (14Y) 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.
+23.5%
Revenue −0.3%/yr
FY21 HK$6.4B
FY22 HK$5.7B
FY23 HK$6.9B
FY24 HK$6.6B
FY25 HK$6.3B
Net income −8.4%/yr
FY21 HK$564M
FY22 HK$382M
FY23 HK$838M
FY24 HK$469M
FY25 HK$397M
Character of growth · EPS growth decomposed (2014-2025) +8.9 % p.a.
Revenue per share +15.3 pp

of which total revenue +19.7 pp · buybacks/dilution −4.4 pp

EBIT margin −8.0 pp
Tax rate +0.9 pp
Residual (interest, one-offs) +0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "EEKA Fashion Holdings Fair Value". https://www.fairvalue-calculator.com/stock/3709

Peer Group

Apparel Retail · 106 stocks

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.

Quality Score 69 · Top 25%
Fair Value upside +112% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 6.5% · Top 25%

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/E (TTM) 7.2× · Cheaper than 75% of peers
P/B 0.71× · Cheaper than median
P/S (TTM) 0.53× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 4.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 0 · sector 18
PAST 36 · sector 36
HEALTH 100 · sector 100
DIVIDEND 100 · sector 44

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A 1ITX €58.44 €23.29 -60%
The TJX Companies, Inc TJX $154.46 $84.95 -45%
Fast Retailing Co 6288 HK$40.00 HK$15.37 -62%
Ross Stores, Inc ROST $233.46 $118.41 -49%
Burlington Stores, Inc BURL $327.72 $147.08 -55%
Trent Limited TRENT ₹2,903 ₹709.49 -76%
lululemon athletica inc., LULU $116.33 $299.63 +158%
Aritzia Inc ATZ C$160.05 C$87.26 -45%
The Gap, Inc GAP $20.35 $37.12 +82%
Urban Outfitters, Inc URBN $72.95 $92.88 +27%

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Frequently asked questions

Is EEKA Fashion Holdings (3709) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$11.68 versus a price of HK$5.51, about +112% (undervalued).
What is the fair value of 3709?
Our model-based fair value for EEKA Fashion Holdings is HK$11.68 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$5.51.
What is the quality score of 3709?
EEKA Fashion Holdings has a Quality Score of 69/100. 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 revenue of EEKA Fashion Holdings (3709)?
EEKA Fashion Holdings reported trailing-twelve-month revenue of about HK$6.3B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 3709?
The net profit margin of EEKA Fashion Holdings is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does EEKA Fashion Holdings pay a dividend?
EEKA Fashion Holdings currently shows a dividend yield of about 6.52% relative to its recent price (as of Aug 6, 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.

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