JF Wealth Holdings Ltd (9636) Fair Value & Analysis
Consumer Defensive · HK · Market cap HK$14.2B
Fair value as of: Aug 15, 2026
From 26 valuation models · updated 2 days ago
Fair value updated Aug 15, 2026, revised from HK$39.92 to HK$39.96 (+0.1%) since Aug 6, 2026. Share price −7.0% over the past month.
A solid business, screening 39% undervalued on our models.
What matters now
- The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (HK$31.25). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (HK$31.25 to HK$101.55). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.
How to read this chart
41‑month range HK$5.63 – HK$77.98 · fair‑value band HK$31.25 – HK$101.55 · the HK$28.70 price screens below the HK$39.96 fair value. Dashed = 300-day average. As of Aug 15, 2026.
Analysis
JF Wealth Holdings Ltd (9636) currently trades at HK$28.70, while our model-based Fair Value estimate is HK$39.96, implying the stock looks roughly 39.2% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Defensive 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, JF Wealth Holdings Ltd generated revenue of HK$3.4B at a net margin of 26.9%. Revenue declined 5.5% year over year. It earns a return on equity of 40.3%. The stock trades on a trailing P/E of 13.0 (as of Jul 3, 2026). Fundamentals as of Aug 15, 2026
Our scenario range runs from HK$31.25 (bear case) to HK$101.55 (bull case); at HK$28.70, the current price sits below 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 65% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 12% fair-value upside, at 39%, 9636 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 26 models by family
Widest divergence: Growth Earnings (HK$67.16) versus Asset-Based (HK$4.29). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
JF SmartInvest Holdings Ltd, an investment holding company, through its subsidiaries, provides online investment decision-making solution services in the People's Republic of China.
Full company description
JF SmartInvest Holdings Ltd, an investment holding company, through its subsidiaries, provides online investment decision-making solution services in the People's Republic of China. The company provides financial software sales and services, including market data processing, data analysis, investment decision making support, cloud chart viewing, prerecorded online investor education courses, livestreaming broadcasts, express market reviews, and indicator analysis tools, as well as various online high-end premium services. It is also involved in media promotion; multi-channel network operation; operation energy services; and information and technology activities, as well as value-added telecommunications business, audiovisual network services, and production of radio and television program services. The company was formerly known as JF Wealth Holdings Ltd and changed its name to JF SmartInvest Holdings Ltd in June 2024. JF SmartInvest Holdings Ltd was founded in 2011 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
JF Wealth Holdings Ltd reported revenue of HK$3.4B in FY2025 versus HK$1.9B in FY2022, a compound +22.8%/yr. Reported net income was HK$922M in FY2025, compounding +26.0%/yr from FY2022.
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Peer Group
Education & Training Services · 149 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 Education & Training Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| New Oriental Education & Technology Group EDUN | 966.48 MXN | 875.84 MXN | -9% |
| TAL Education Group TAL | $11.87 | $15.60 | +31% |
| Laureate Education, Inc LAUR | $36.99 | $41.45 | +12% |
| Physicswallah Limited PWL | ₹123.90 | ₹14.81 | -88% |
| Grand Canyon Education, Inc LOPE | $142.06 | $152.01 | +7% |
| Covista Inc CVSA | $128.22 | $135.45 | +6% |
| Stride, Inc LRN | $78.59 | $139.45 | +77% |
| Universal Technical Institute, Inc UTI | $25.64 | $20.98 | -18% |
| Perdoceo Education Corporation PRDO | $31.24 | $40.65 | +30% |
| Strategic Education, Inc STRA | $79.98 | $105.48 | +32% |
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Frequently asked questions
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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.
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