8635 (8635) Fair Value & Analysis

Technology · Market cap HK$139M

8 8635 8635 · HK

PriceHK$0.2900

Fair ValueHK$0.2400

Upside-17.2%

Quality42/100

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Evidence: High Range HK$0.1800 – HK$0.3000

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price −6.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2900 – HK$1.75 · fair‑value band HK$0.1800 – HK$0.3000 · the HK$0.2900 price screens above the HK$0.2400 fair value. As of Jul 3, 2026.

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Analysis

8635 (8635) currently trades at HK$0.2900, while our model-based Fair Value estimate is HK$0.2400 — implying the stock looks roughly 17.2% overvalued today. We read business quality at 42/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, 8635 generated revenue of HK$175M at a net margin of 3.3%. It earns a return on equity of 7.1%. The balance sheet holds a net cash position of HK$6.5M. The stock trades on a trailing P/E of 29.0. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$175M

Revenue growth (YoY) +1,538%

Net margin 3.3%

Return on equity 7.1%

Free cash flow −HK$38.0M FY2026

P/E ratio 29.0

More key figures

Operating margin 8.1%

EPS (TTM) HK$-0.0100

EPS growth (YoY) -44.8%

Net cash HK$6.5M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

8635 reported revenue of HK$175M in FY2026 versus HK$50.0M in FY2022, a compound +36.8%/yr. Reported net income was HK$5.8M in FY2026, compounding −15.2%/yr from FY2022.

Revenue +36.8%/yr

FY22 HK$50.0M

FY23 HK$52.6M

FY24 HK$22.8M

FY25 HK$17.9M

FY26 HK$175M

Net income −15.2%/yr

FY22 HK$11.2M

FY23 HK$5.7M

FY24 −HK$23.0M

FY25 −HK$19.5M

FY26 HK$5.8M

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Similar stocks

6 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock	Price	Fair Value	vs Fair Value
SAP SE SAPP34	R$769.00	R$120.02	-84%
Salesforce, Inc CRM	$150.12	$299.82	+100%
Uber Technologies, Inc UBER	$70.71	$90.28	+28%
Shopify Inc SHOP	$108.20	$30.42	-72%
ServiceNow, Inc NOW	$106.06	$35.40	-67%
Cadence Design Systems, Inc CDNS	$411.68	$71.08	-83%

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Frequently asked questions

Is 8635 (8635) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$0.2400 versus a price of HK$0.2900 — about −17% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 8635?

Our model-based fair value for 8635 is HK$0.2400 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$0.2900.

What is the quality score of 8635?

8635 has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 8635 (8635)?

8635 reported trailing-twelve-month revenue of about HK$175M (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 8635?

The net profit margin of 8635 is about 3.3%, meaning it keeps roughly 3.3% 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.