8446 (8446) Fair Value & Analysis

Industrials · Market cap HK$108M

8 8446 8446 · HK

PriceHK$0.0960

Fair ValueHK$0.4454

Upside+364.0%

Quality34/100

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Evidence: Low Range HK$0.3398 – HK$0.5606

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price −15.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0930 – HK$0.2550 · fair‑value band HK$0.3398 – HK$0.5606 · the HK$0.0960 price screens below the HK$0.4454 fair value. As of Jul 3, 2026.

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Analysis

8446 (8446) currently trades at HK$0.0960, while our model-based Fair Value estimate is HK$0.4454 — implying the stock looks roughly 364.0% undervalued today. We read business quality at 34/100 (below-average quality), in the Industrials 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, 8446 generated revenue of HK$165M at a net margin of 15.7%. Revenue declined 3.4% year over year. It earns a return on equity of 7.3%. The balance sheet holds a net cash position of HK$23.8M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$165M

Revenue growth (YoY) -3.4%

Net margin 15.7%

Return on equity 7.3%

Free cash flow HK$105M FY2026

P/E ratio 3.2

More key figures

Operating margin 19.1%

EPS (TTM) HK$0.0100

EPS growth (YoY) -39.7%

Net cash HK$23.8M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

8446 reported revenue of HK$165M in FY2026 versus HK$20.3M in FY2022, a compound +68.9%/yr. Reported net income was HK$25.9M in FY2026.

Revenue +68.9%/yr

FY22 HK$20.3M

FY23 HK$40.2M

FY24 HK$95.7M

FY25 HK$164M

FY26 HK$165M

Net income

FY22 −HK$24.4M

FY23 HK$4.2M

FY24 −HK$17.9M

FY25 HK$42.3M

FY26 HK$25.9M

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6 more Rental & Leasing Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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United Rentals, Inc URI	$1,093	$378.08	-65%
Sunbelt Rentals Holdings SUNB	$76.43	$38.17	-50%
AerCap Holdings AER	$146.85	$301.51	+105%
Ayvens ALLDF	$14.00	$23.65	+69%
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Frequently asked questions

Is 8446 (8446) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$0.4454 versus a price of HK$0.0960 — about +364% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 8446?

Our model-based fair value for 8446 is HK$0.4454 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$0.0960.

What is the quality score of 8446?

8446 has a Quality Score of 34/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 8446 (8446)?

8446 reported trailing-twelve-month revenue of about HK$165M (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 8446?

The net profit margin of 8446 is about 15.7%, meaning it keeps roughly 15.7% 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.