9899 (9899) Fair Value & Analysis

Communication Services · Market cap HK$22.2B

9 9899 9899 · HK

PriceHK$108.40

Fair ValueHK$161.59

Upside+49.1%

Quality52/100

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Evidence: High Range HK$124.99 – HK$198.19

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price −14.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$101.30 – HK$302.40 · fair‑value band HK$124.99 – HK$198.19 · the HK$108.40 price screens below the HK$161.59 fair value. As of Jul 3, 2026.

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Analysis

9899 (9899) currently trades at HK$108.40, while our model-based Fair Value estimate is HK$161.59 — implying the stock looks roughly 49.1% undervalued today. We read business quality at 52/100 (solid quality), in the Communication Services 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, 9899 generated revenue of HK$7.8B at a net margin of 35.4%. Revenue grew 1.4% year over year. It earns a return on equity of 23.8%. The balance sheet holds a net cash position of HK$3.1B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$7.8B

Revenue growth (YoY) +1.4%

Net margin 35.4%

Return on equity 23.8%

Free cash flow HK$1.6B FY2025

P/E ratio 7.3

More key figures

Operating margin 19.5%

EPS (TTM) HK$8.85

EPS growth (YoY) +13.2%

Net cash HK$3.1B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

9899 reported revenue of HK$7.8B in FY2025 versus HK$7.0B in FY2021, a compound +2.6%/yr. Reported net income was HK$2.7B in FY2025.

Revenue +2.6%/yr

FY21 HK$7.0B

FY22 HK$9.0B

FY23 HK$7.9B

FY24 HK$8.0B

FY25 HK$7.8B

Net income

FY21 −HK$2.1B

FY22 −HK$221M

FY23 HK$734M

FY24 HK$1.6B

FY25 HK$2.7B

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Frequently asked questions

Is 9899 (9899) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$161.59 versus a price of HK$108.40 — about +49% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 9899?

Our model-based fair value for 9899 is HK$161.59 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$108.40.

What is the quality score of 9899?

9899 has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 9899 (9899)?

9899 reported trailing-twelve-month revenue of about HK$7.8B (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 9899?

The net profit margin of 9899 is about 35.4%, meaning it keeps roughly 35.4% 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.