Changhong Jiahua Holdings Ltd (3991) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Changhong Jiahua Holdings Ltd HK$0.69, price HK$0.59, upside +17.3%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Changhong Jiahua Holdings Ltd
3991 · HKUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$0.3526 – HK$1.16 · fair‑value band HK$0.4844 – HK$0.8996 · the HK$0.5900 price screens below the HK$0.6920 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Changhong Jiahua Holdings Limited, an investment holding company, distributes information and communication technology (ICT) consumer products, ICT corporate products, and other products in the People's Republic of China and internationally.
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Changhong Jiahua Holdings Limited, an investment holding company, distributes information and communication technology (ICT) consumer products, ICT corporate products, and other products in the People's Republic of China and internationally. It operates through three segments: ICT consumer product distribution business; ICT corporate product distribution business; and Other businesses segments. The company distributes personal computers, digital products, and IT accessories; storage products, minicomputers, networking products, personal computer servers, intelligent building management system products, and unified communication and contact center products; smartphones. It also develops own brand products, such as intelligent terminals; sells warranty packages; and provides professional integrated ICT solutions and services. Changhong Jiahua Holdings Limited was formerly known as China Data Broadcasting Holdings Limited and changed its name to Changhong Jiahua Holdings Limited in January 2013. The company was incorporated in 2000 and is headquartered in Central, Hong Kong. Changhong Jiahua Holdings Limited operates as a subsidiary of Fit Generation Holding Limited.
Stock analysis
Changhong Jiahua Holdings Ltd (3991) currently trades at HK$0.5900, while our model-based Fair Value estimate is HK$0.6920, implying the stock looks roughly 14.7% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of HK$2.12 per share, and 26 of the 26 models we run sit above the HK$0.5900 price.
Bear case: the Dividend Discount group reads lowest at HK$0.9800, and 0 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.4844 (bear) to HK$0.8996 (bull), the price of HK$0.5900 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Changhong Jiahua Holdings Ltd 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.
Key figures
Market cap HK$1.5B (≈ $193M) · P/E ratio 3.6 · P/S ratio 0.03 · Dividend yield 14.3% · Net margin 0.9% · Return on equity 12.5% · Return on assets (EBIT) 3.8% · Operating margin 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 17%, 3991 screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 32
Revenue & earnings trend
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Compare Changhong Jiahua Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Electronics & Computer Distribution · 155 stocks
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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Key figures of Changhong Jiahua Holdings Ltd
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