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9636 (9636) Fair Value & Analysis

Consumer Defensive · Market cap HK$14.2B

9 9636 9636 · HK
PriceHK$31.00
Fair ValueHK$39.68
Upside+28.0%
Quality58/100
Watch 9636 for free — get notified when fair value or trend changes. Watch for free
Evidence: High Range HK$31.03 – HK$100.83

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +15.3% over the past month.

Price vs Fair Value (12 months)

HK$77.98 HK$24.76 Fair Value HK$39.68 Jun 2025 Jul 2026

12‑month range HK$24.76 – HK$77.98 · fair‑value band HK$31.03 – HK$100.83 · the HK$31.00 price screens below the HK$39.68 fair value. As of Jul 3, 2026.

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Analysis

9636 (9636) currently trades at HK$31.00, while our model-based Fair Value estimate is HK$39.68 — implying the stock looks roughly 28.0% undervalued today. We read business quality at 58/100 (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, 9636 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. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$3.4B
Revenue growth (YoY) -5.5%
Net margin 26.9%
Return on equity 40.3%
Free cash flow HK$768M FY2025
P/E ratio 13.0
More key figures
Operating margin -8.6%
EPS (TTM) HK$1.96
Dividend yield 2.6%
EPS growth (YoY) -87.7%

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

9636 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.

Revenue +22.8%/yr
FY22 HK$1.9B
FY23 HK$2.0B
FY24 HK$2.3B
FY25 HK$3.4B
Net income +26.0%/yr
FY22 HK$461M
FY23 HK$191M
FY24 HK$272M
FY25 HK$922M

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Similar stocks

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

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDUN 966.48 MXN 895.77 MXN -7%
9901 9901 HK$36.30 HK$4.84 -87%
TAL Education Group T1AL34 R$4.84 R$0.5800 -88%
Graham Holdings GHC $1,116 $960.79 -14%
Laureate Education, Inc LAUR $37.19 $41.45 +11%
Covista Inc CVSA $130.25 $150.42 +15%

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Frequently asked questions

Is 9636 (9636) undervalued?
As of Jul 3, 2026, our model estimates a fair value of HK$39.68 versus a price of HK$31.00 — about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 9636?
Our model-based fair value for 9636 is HK$39.68 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$31.00.
What is the quality score of 9636?
9636 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 9636 (9636)?
9636 reported trailing-twelve-month revenue of about HK$3.4B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of 9636?
The net profit margin of 9636 is about 26.9%, meaning it keeps roughly 26.9% of revenue as net income. Based on the latest reported figures.
Does 9636 pay a dividend?
9636 currently shows a dividend yield of about 2.59% relative to its recent price (as of Jul 3, 2026).

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.