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9699 (9699) Fair Value & Analysis

Industrials · Market cap HK$6.8B

9 9699 9699 · HK
PriceHK$7.47
Fair ValueHK$7.34
Upside-1.7%
Quality52/100
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Evidence: High Range HK$5.51 – HK$9.18

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −15.2% over the past month.

Price vs Fair Value (12 months)

HK$18.94 HK$7.06 Fair Value HK$7.34 Jun 2025 Jul 2026

12‑month range HK$7.06 – HK$18.94 · fair‑value band HK$5.51 – HK$9.18 · the HK$7.47 price screens above the HK$7.34 fair value. As of Jul 3, 2026.

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Analysis

9699 (9699) currently trades at HK$7.47, while our model-based Fair Value estimate is HK$7.34 — implying the stock looks roughly 1.7% overvalued today. We read business quality at 52/100 (solid quality), in the Industrials 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, 9699 generated revenue of HK$22.9B at a net margin of 1.2%. Revenue grew 42.8% year over year. It earns a return on equity of 8.9%. Net debt stands at HK$104M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$22.9B
Revenue growth (YoY) +42.8%
Net margin 1.2%
Return on equity 8.9%
Free cash flow HK$327M FY2025
P/E ratio 21.3
More key figures
Operating margin 0.9%
EPS (TTM) HK$0.1500
EPS growth (YoY) +93.9%
Net debt HK$104M FY2020

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

9699 reported revenue of HK$22.9B in FY2025 versus HK$8.2B in FY2021, a compound +29.4%/yr. Reported net income was HK$278M in FY2025.

Revenue +29.4%/yr
FY21 HK$8.2B
FY22 HK$10.3B
FY23 HK$12.4B
FY24 HK$15.7B
FY25 HK$22.9B
Net income
FY21 −HK$899M
FY22 −HK$287M
FY23 HK$50.6M
FY24 HK$132M
FY25 HK$278M

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Frequently asked questions

Is 9699 (9699) undervalued?
As of Jul 3, 2026, our model estimates a fair value of HK$7.34 versus a price of HK$7.47 — about −2% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 9699?
Our model-based fair value for 9699 is HK$7.34 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$7.47.
What is the quality score of 9699?
9699 has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 9699 (9699)?
9699 reported trailing-twelve-month revenue of about HK$22.9B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of 9699?
The net profit margin of 9699 is about 1.2%, meaning it keeps roughly 1.2% 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.