6623 (6623) Fair Value & Analysis

Financial Services · Market cap HK$18.9B

6 6623 6623 · HK

PriceHK$10.90

Fair ValueHK$21.80

Upside+100.0%

Quality55/100

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Evidence: Low Range HK$16.26 – HK$32.53

Fair value as of: Jul 2, 2026

From 7 valuation models · updated today

Price vs Fair Value (12 months)

12‑month range HK$10.90 – HK$10.90 · fair‑value band HK$16.26 – HK$32.53 · the HK$10.90 price screens below the HK$21.80 fair value. As of Jul 2, 2026.

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Analysis

6623 (6623) currently trades at HK$10.90, while our model-based Fair Value estimate is HK$21.80 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 55/100 (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: low) — always confirm before acting.

Over the trailing twelve months, 6623 generated revenue of HK$30.0B at a net margin of -7.0%. Revenue declined 19.5% year over year. It earns a return on equity of -2.1%. Net debt stands at HK$47.7B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$30.0B

Revenue growth (YoY) -19.5%

Net margin -7.0%

Return on equity -2.1%

Free cash flow HK$12.4B FY2025

Operating margin 59.2%

More key figures

Net debt HK$47.7B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

6623 reported revenue of HK$23.1B in FY2025 versus HK$61.9B in FY2021, a compound −21.8%/yr. Reported net income was −HK$2.1B in FY2025.

Revenue −21.8%/yr

FY21 HK$61.9B

FY22 HK$57.6B

FY23 HK$34.3B

FY24 HK$24.5B

FY25 HK$23.1B

Net income

FY21 HK$16.8B

FY22 HK$7.8B

FY23 HK$810M

FY24 −HK$3.9B

FY25 −HK$2.1B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Visa Inc V	5,663 MXN	3,002 MXN	-47%
Mastercard Incorporated MA	C$29.95	C$17.76	-41%
M4I M4I	€430.50	€367.81	-15%
American Express Company AXP	C$28.87	C$17.03	-41%
Capital One Financial Corporation COF	$200.70	$125.08	-38%
Bajaj Finance Limited BAJFINANCE	₹884.10	₹604.72	-32%

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Frequently asked questions

Is 6623 (6623) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$21.80 versus a price of HK$10.90 — about +100% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 6623?

Our model-based fair value for 6623 is HK$21.80 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$10.90.

What is the quality score of 6623?

6623 has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 6623 (6623)?

6623 reported trailing-twelve-month revenue of about HK$30.0B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 6623?

The net profit margin of 6623 is about -7.0%, meaning it is currently running at a net loss. 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.