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3998 (3998) Fair Value & Analysis

Consumer Cyclical · Market cap HK$49.7B

3 3998 3998 · HK
PriceHK$4.44
Fair ValueHK$5.92
Upside+33.3%
Quality61/100
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Evidence: High Range HK$4.04 – HK$8.30

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price −2.6% over the past month.

Price vs Fair Value (12 months)

HK$5.13 HK$3.63 Fair Value HK$5.92 Jun 2025 Jul 2026

12‑month range HK$3.63 – HK$5.13 · fair‑value band HK$4.04 – HK$8.30 · the HK$4.44 price screens below the HK$5.92 fair value. As of Jul 2, 2026.

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Analysis

3998 (3998) currently trades at HK$4.44, while our model-based Fair Value estimate is HK$5.92 — implying the stock looks roughly 33.3% undervalued today. We read business quality at 61/100 (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, 3998 generated revenue of HK$27.3B at a net margin of 14.6%. Revenue grew 7.7% year over year. It earns a return on equity of 22.8%. Net debt stands at HK$3.0B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$27.3B
Revenue growth (YoY) +7.7%
Net margin 14.6%
Return on equity 22.8%
Free cash flow HK$2.7B FY2025
P/E ratio 11.0
More key figures
Operating margin 20.9%
EPS (TTM) HK$0.3100
Dividend yield 6.6%
EPS growth (YoY) +15.2%
Net debt HK$3.0B FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

3998 reported revenue of HK$26.4B in FY2026 versus HK$16.2B in FY2022, a compound +13.0%/yr. Reported net income was HK$3.9B in FY2026, compounding +16.9%/yr from FY2022.

Revenue +13.0%/yr
FY22 HK$16.2B
FY23 HK$16.8B
FY24 HK$23.2B
FY25 HK$25.9B
FY26 HK$26.4B
Net income +16.9%/yr
FY22 HK$2.1B
FY23 HK$2.1B
FY24 HK$3.1B
FY25 HK$3.5B
FY26 HK$3.9B

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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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

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Gildan Activewear Inc GIL $57.04 $34.84 -39%
LPP SA LPP 21,720 PLN 18,670 PLN -14%
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Frequently asked questions

Is 3998 (3998) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$5.92 versus a price of HK$4.44 — about +33% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 3998?
Our model-based fair value for 3998 is HK$5.92 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$4.44.
What is the quality score of 3998?
3998 has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 3998 (3998)?
3998 reported trailing-twelve-month revenue of about HK$27.3B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 3998?
The net profit margin of 3998 is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.
Does 3998 pay a dividend?
3998 currently shows a dividend yield of about 6.56% 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.