3991 (3991) Fair Value & Analysis

Technology · Market cap HK$1.0B

3 3991 3991 · HK

PriceHK$0.7100

Fair ValueHK$0.4529

Upside-36.2%

Quality58/100

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Evidence: High Range HK$0.3395 – HK$0.5663

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price −23.7% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.7100 – HK$1.16 · fair‑value band HK$0.3395 – HK$0.5663 · the HK$0.7100 price screens above the HK$0.4529 fair value. As of Jul 2, 2026.

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Analysis

3991 (3991) currently trades at HK$0.7100, while our model-based Fair Value estimate is HK$0.4529 — implying the stock looks roughly 36.2% overvalued today. We read business quality at 58/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, 3991 generated revenue of HK$43.8B at a net margin of 0.9%. Revenue grew 9.5% year over year. It earns a return on equity of 12.7%. The balance sheet holds a net cash position of HK$2.1B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$43.8B

Revenue growth (YoY) +9.5%

Net margin 0.9%

Return on equity 12.7%

Free cash flow HK$8.1B FY2025

P/E ratio 4.4

More key figures

Operating margin 1.3%

EPS (TTM) HK$0.0700

EPS growth (YoY) +2.3%

Net cash HK$2.1B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

3991 reported revenue of HK$43.8B in FY2025 versus HK$44.6B in FY2021, a compound −0.4%/yr. Reported net income was HK$401M in FY2025, compounding −0.8%/yr from FY2021.

Revenue −0.4%/yr

FY21 HK$44.6B

FY22 HK$38.3B

FY23 HK$37.2B

FY24 HK$40.0B

FY25 HK$43.8B

Net income −0.8%/yr

FY21 HK$413M

FY22 HK$366M

FY23 HK$361M

FY24 HK$379M

FY25 HK$401M

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6 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

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TD SYNNEX Corporation SNX	$267.81	$185.57	-31%
Rexel S.A RXEEY	$44.22	$36.21	-18%
Unisplendour Corporation 000938	¥27.89	¥15.47	-45%
Arrow Electronics, Inc ARW	$234.83	$109.06	-54%
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Frequently asked questions

Is 3991 (3991) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.4529 versus a price of HK$0.7100 — about −36% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 3991?

Our model-based fair value for 3991 is HK$0.4529 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.7100.

What is the quality score of 3991?

3991 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 3991 (3991)?

3991 reported trailing-twelve-month revenue of about HK$43.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 3991?

The net profit margin of 3991 is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. 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.