MEGAIN Holding (Cayman) Co. Ltd (6939) Fair Value & Analysis

Technology · HK · Market cap HK$1.1B (≈ $135M)

What is MEGAIN Holding (Cayman) Co. Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (HK$0.2100). The favourable scenario is already priced in.
• Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range HK$0.3700 – HK$2.47 · fair‑value band HK$0.1700 – HK$0.2100 · the HK$1.14 price screens above the HK$0.1900 fair value. Dashed = 300-day average. As of Aug 26, 2026.

Full chart & analysis →

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Analysis

MEGAIN Holding (Cayman) Co. Ltd (6939) currently trades at HK$1.14, while our model-based Fair Value estimate is HK$0.1900, implying the stock looks roughly 499.9% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bull case: the Asset-Based group reads highest at a median of HK$0.3700 per share, and 0 of the 3 models we run sit above the HK$1.14 price. Bear case: the Dividend Discount group reads lowest at HK$0.1500, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, MEGAIN Holding (Cayman) Co. Ltd generated revenue of HK$155M at a net margin of −53.9%. Revenue grew 0.8% year over year. It earns a return on equity of −25.5%. The balance sheet holds a net cash position of HK$122M. Fundamentals as of Aug 26, 2026

Our scenario range runs from HK$0.1700 (bear case) to HK$0.2100 (bull case); at HK$1.14, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 57% below its 52-week high and 171% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at −83%, 6939 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Asset-Based (HK$0.3700) versus Dividend Discount (HK$0.1500). Highest evidence: Gordon GGM (69).

Key figures & financial health

Quality Score breakdown

About the company

MEGAIN Holding (Cayman) Co., Ltd., an investment holding company, engages in the research, development, and sale of compatible cartridge and IoT chips in the People's Republic of China and internationally.

Full company description

MEGAIN Holding (Cayman) Co., Ltd., an investment holding company, engages in the research, development, and sale of compatible cartridge and IoT chips in the People's Republic of China and internationally. The company also trades in integrated circuits and other cartridge components, including plastic parts and toners; sells printer consumables; and provides technical and design services for chips. MEGAIN Holding (Cayman) Co., Ltd. was incorporated in 2016 and is headquartered in Zhuhai, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MEGAIN Holding (Cayman) Co. Ltd reported revenue of 151M CNY in FY2025 versus 168M CNY in FY2021, a compound −2.6%/yr. Reported net income was −81.5M CNY in FY2025.

6939 screens 500% overvalued. Compare with Dell Technologies Inc →

Peer Group

Computer Hardware · 222 stocks

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.

Valuation Multiples vs Computer Hardware median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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