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Dingdang Health Tech Grp Ltd (9886) Fair Value & Analysis

Healthcare · HK · Market cap HK$1.2B

DH Dingdang Health Tech Grp Ltd 9886 · HK
PriceHK$0.7700
Fair ValueHK$1.24
Upside+61.0%
Quality63/100
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Mixed Growth
Loss-making · -1.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 9/100
Evidence: Medium Range HK$0.9600 – HK$1.51 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 3 days ago

Share price −16.3% over the past month.

A solid business, screening 61% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (HK$0.9600). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (4 years)

HK$12.58 HK$0.3300 Fair Value HK$1.24 Sep 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

47‑month range HK$0.3300 – HK$12.58 · fair‑value band HK$0.9600 – HK$1.51 · the HK$0.7700 price screens below the HK$1.24 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Dingdang Health Tech Grp Ltd (9886) currently trades at HK$0.7700, while our model-based Fair Value estimate is HK$1.24, implying the stock looks roughly 61.0% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Healthcare 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: medium), always confirm before acting.

Over the trailing twelve months, Dingdang Health Tech Grp Ltd generated revenue of HK$4.9B at a net margin of -1.0%. Revenue grew 6.7% year over year. It earns a return on equity of -3.1%. The balance sheet holds a net cash position of HK$175M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.9600 (bear case) to HK$1.51 (bull case); at HK$0.7700, 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 44% below its 52-week high and 56% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -64% fair-value upside, at 61%, 9886 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF HK$1.50 HK$2.46 HK$3.83 80
Rev-Margin DCF HK$1.37 HK$2.19 HK$3.36 74
Gordon GGM HK$0.0400 HK$0.0800 HK$0.1100 70
All 13 models by family
DCF Models
FCF DCF HK$1.55 HK$2.33 HK$4.17 38
Owner Earnings HK$0.9100 HK$1.41 HK$2.28 31
5Y Revenue Exit HK$1.37 HK$2.22 HK$3.44 39
5Y EBITDA Exit HK$1.21 HK$1.86 HK$2.72 41
10Y Revenue Exit HK$1.39 HK$2.21 HK$3.51 36
10Y EBITDA Exit HK$1.32 HK$1.96 HK$3.00 37
Dividend Discount
Gordon GGM HK$0.0400 HK$0.0800 HK$0.1100 70
DDM Multi-Stage HK$0.0400 HK$0.0700 HK$0.0900 61
Multiples
EV/EBITDA HK$1.07 HK$1.31 HK$1.55 54
EV/Revenue HK$1.27 HK$1.65 HK$2.04 43
Asset-Based
NCAV (Graham) HK$0.6700 HK$0.9000 HK$1.34 50
Growth DCF
Growth DCF HK$1.50 HK$2.46 HK$3.83 80
Rev-Margin DCF HK$1.37 HK$2.19 HK$3.36 74

Widest divergence: Growth DCF (HK$2.19) versus Dividend Discount (HK$0.0700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$4.9B
Revenue growth (YoY) +6.7%
Net margin -1.0%
Return on equity -3.1%
Free cash flow HK$123M FY2025
Operating margin 0.3%
More key figures
EPS (TTM) HK$-0.0400
Net cash HK$175M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 44

Profitability 45
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 96
Buybacks instead of dilution

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

Dingdang Health Technology Group Ltd. provides digital healthcare services in the People's Republic of China. The company offers online medical consultation through online and supplementary services; chronic diseases and health management; health portfolio management and DOT medication adherence services.

Full company description

Dingdang Health Technology Group Ltd. provides digital healthcare services in the People's Republic of China. The company offers online medical consultation through online and supplementary services; chronic diseases and health management; health portfolio management and DOT medication adherence services. It provides a range of health products through offline retail and online direct sales channels. Dingdang Health Technology Group Ltd. was incorporated in 2014 and is headquartered in Beijing, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dingdang Health Tech Grp Ltd reported revenue of HK$4.9B in FY2025 versus HK$3.7B in FY2021, a compound +7.4%/yr. Reported net income was −HK$49.0M in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$4.9B
Latest YoY
+4.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.0%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+34.7%
Revenue +7.4%/yr
FY21 HK$3.7B
FY22 HK$4.3B
FY23 HK$4.9B
FY24 HK$4.7B
FY25 HK$4.9B
Net income
FY21 −HK$1.6B
FY22 −HK$2.8B
FY23 −HK$226M
FY24 −HK$376M
FY25 −HK$49.0M

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Cite: Fair Value Calculator (2026). "Dingdang Health Tech Grp Ltd Fair Value". https://www.fairvalue-calculator.com/stock/9886

Peer Group

Health Information Services · 125 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.

Quality Score 63 · Above median
Fair Value upside +61% · Top 25%
Return on assets -1% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Health Information Services median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 1.2× · Cheaper than 75% of peers

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.

VALUE 100 · sector 0
FUTURE 34 · sector 29
PAST 0 · sector 7
HEALTH 100 · sector 98
DIVIDEND 12 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Health Information Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Veeva Systems Inc VEEV $241.51 $91.49 -62%
Pro Medicus Limited PME A$183.71 A$23.74 -87%
BrightSpring Health Services, Inc BTSG $59.68 $21.31 -64%
HealthEquity, Inc HQY $105.50 $56.63 -46%
Hinge Health, Inc HNGE $86.32 $24.03 -72%
10x Genomics, Inc TXG $58.48 $17.18 -71%
Waystar Holding WAY $24.54 $12.86 -48%
XtalPi Holdings 2228 HK$8.19 HK$1.04 -87%
Doximity, Inc DOCS $24.99 $25.91 +4%
Privia Health Group PRVA $21.54 $5.26 -76%

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Frequently asked questions

Is Dingdang Health Tech Grp Ltd (9886) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.24 versus a price of HK$0.7700, about +61% (undervalued).
What is the fair value of 9886?
Our model-based fair value for Dingdang Health Tech Grp Ltd is HK$1.24 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.7700.
What is the quality score of 9886?
Dingdang Health Tech Grp Ltd has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Dingdang Health Tech Grp Ltd (9886)?
Dingdang Health Tech Grp Ltd reported trailing-twelve-month revenue of about HK$4.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 9886?
The net profit margin of Dingdang Health Tech Grp Ltd is about -1.0%, meaning it is currently running at a net loss. 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.

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