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3968 (3968) Fair Value & Analysis

Financial Services · Market cap HK$1.1T

3 3968 3968 · HK
PriceHK$43.86
Fair ValueHK$87.72
Upside+100.0%
Quality54/100
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Evidence: High Range HK$65.79 – HK$109.66

Fair value as of: Jul 2, 2026

From 25 valuation models · updated today

Share price −7.0% over the past month.

Price vs Fair Value (12 months)

HK$51.69 HK$43.26 Fair Value HK$87.72 Jun 2025 Jul 2026

12‑month range HK$43.26 – HK$51.69 · fair‑value band HK$65.79 – HK$109.66 · the HK$43.86 price screens below the HK$87.72 fair value. As of Jul 2, 2026.

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Analysis

3968 (3968) currently trades at HK$43.86, while our model-based Fair Value estimate is HK$87.72 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 54/100 (solid quality), in the Financial Services 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, 3968 generated revenue of HK$299B at a net margin of 50.5%. Revenue grew 1.7% year over year. It earns a return on equity of 11.9%. The balance sheet holds a net cash position of HK$916B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$299B
Revenue growth (YoY) +1.7%
Net margin 50.5%
Return on equity 11.9%
Free cash flow HK$423B FY2025
P/E ratio 6.7
More key figures
Operating margin 62.0%
EPS (TTM) HK$5.91
Dividend yield 4.6%
EPS growth (YoY) +0.7%
Net cash HK$916B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

3968 reported revenue of HK$468B in FY2025 versus HK$450B in FY2021, a compound +1.0%/yr. Reported net income was HK$150B in FY2025, compounding +5.8%/yr from FY2021.

Revenue +1.0%/yr
FY21 HK$450B
FY22 HK$477B
FY23 HK$498B
FY24 HK$498B
FY25 HK$468B
Net income +5.8%/yr
FY21 HK$120B
FY22 HK$138B
FY23 HK$147B
FY24 HK$148B
FY25 HK$150B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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

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PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,870 IDR 5,740 IDR +100%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
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PT Bank Mandiri (Persero) Tbk BMRI 4,260 IDR 8,520 IDR +100%

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Frequently asked questions

Is 3968 (3968) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$87.72 versus a price of HK$43.86 — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 3968?
Our model-based fair value for 3968 is HK$87.72 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$43.86.
What is the quality score of 3968?
3968 has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 3968 (3968)?
3968 reported trailing-twelve-month revenue of about HK$299B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 3968?
The net profit margin of 3968 is about 50.5%, meaning it keeps roughly 50.5% of revenue as net income. Based on the latest reported figures.
Does 3968 pay a dividend?
3968 currently shows a dividend yield of about 4.61% 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.