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Newborn Town Inc (9911) Fair Value & Analysis

Technology · HK · Market cap HK$11.4B

NT Newborn Town Inc 9911 · HK
PriceHK$8.30
Fair ValueHK$11.19
Upside+34.8%
Quality67/100
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Healthy Growth
Solidly profitable · 13.6% net margin
generates free cash flow
Ranks above peers (11/12)
Wide moat 72/100
Evidence: High Range HK$8.39 – HK$13.98 Share as image

Fair value as of: Aug 6, 2026

From 24 valuation models · updated 4 days ago

Share price −10.6% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from HK$8.39 (bear) to HK$13.98 (bull), base HK$11.19. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$13.88 HK$1.07 Fair Value HK$11.19 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range HK$1.07 – HK$13.88 · fair‑value band HK$8.39 – HK$13.98 · the HK$8.30 price screens below the HK$11.19 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Newborn Town Inc (9911) currently trades at HK$8.30, while our model-based Fair Value estimate is HK$11.19, implying the stock looks roughly 34.8% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Technology 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, Newborn Town Inc generated revenue of HK$6.9B at a net margin of 13.6%. Revenue grew 31.5% year over year. It earns a return on equity of 45.6%. The balance sheet holds a net cash position of HK$2.5B. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$8.39 (bear case) to HK$13.98 (bull case); at HK$8.30, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 41% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 35%, 9911 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 BearBaseBull Evidence
Highest evidence
Growth DCF HK$17.62 HK$33.17 HK$58.66 72
Growth-Adj P/E HK$21.03 HK$30.04 HK$39.05 68
Rev-Margin DCF HK$11.96 HK$18.78 HK$33.16 67
All 24 models by family
DCF Models
FCF DCF HK$18.62 HK$28.25 HK$58.92 38
Owner Earnings HK$13.26 HK$27.84 HK$58.45 31
5Y Revenue Exit HK$11.07 HK$16.63 HK$28.18 39
5Y EBITDA Exit HK$11.62 HK$17.74 HK$29.70 41
5Y P/E Exit HK$13.97 HK$27.50 HK$45.70 38
10Y Revenue Exit HK$13.16 HK$23.96 HK$29.96 36
10Y EBITDA Exit HK$13.82 HK$25.14 HK$43.77 37
10Y P/E Exit HK$15.54 HK$30.21 HK$53.74 35
Earnings-Based
Graham-Dodd HK$4.53 HK$31.59 HK$44.33 54
Lynch FV HK$16.32 HK$23.31 HK$30.31 50
PEG = 1.0 HK$16.32 HK$23.31 HK$30.31 46
EPV HK$7.23 HK$8.13 HK$8.92 59
Multiples
P/E Multiple HK$9.99 HK$13.32 HK$16.65 63
P/S Multiple HK$8.49 HK$11.32 HK$14.15 58
P/B Multiple HK$3.91 HK$5.21 HK$6.51 55
EV/EBIT HK$10.34 HK$13.18 HK$16.02 53
EV/EBITDA HK$8.70 HK$10.99 HK$13.28 54
EV/Revenue HK$7.57 HK$10.03 HK$12.48 43
Asset-Based
NCAV (Graham) HK$0.8700 HK$1.16 HK$1.74 50
Growth DCF
Growth DCF HK$17.62 HK$33.17 HK$58.66 72
Rev-Margin DCF HK$11.96 HK$18.78 HK$33.16 67
Economic Profit
Residual Income HK$5.29 HK$7.75 HK$93.43 61
ROIC Compounder HK$7.23 HK$8.13 HK$8.92 67
Growth Earnings
Growth-Adj P/E HK$21.03 HK$30.04 HK$39.05 68

Widest divergence: Growth Earnings (HK$30.04) versus Asset-Based (HK$1.16). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) HK$6.9B
Revenue growth (YoY) +31.5%
Net margin 13.6%
Return on equity 45.6%
Free cash flow HK$1.4B FY2025
P/E ratio 10.0
More key figures
Operating margin 12.0%
EPS (TTM) HK$0.3800
EPS growth (YoY) +52.3%
Net cash HK$2.5B FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 70 · Market factors (momentum, volatility) 22

Profitability 92
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 0
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

Newborn Town Inc. operates as a social networking entertainment company worldwide. The company engages in the operation of MICO, a live streaming social networking platform; YoHo, an audio social networking platform; SUGO, a companion-based social networking platform; TopTop, a game-oriented social networking platform; LGBTQ+ platforms, including Blued and …

Full company description

Newborn Town Inc. operates as a social networking entertainment company worldwide. The company engages in the operation of MICO, a live streaming social networking platform; YoHo, an audio social networking platform; SUGO, a companion-based social networking platform; TopTop, a game-oriented social networking platform; LGBTQ+ platforms, including Blued and Heesay; and Finka, a social networking business. It also offers Alice's Dream, a game product; Heer Health for HIV prevention and treatment, and sexual health services; Aippy, a consumer-grade AI application; and advertising spaces to agencies of advertisers. The company was founded in 2009 and is headquartered in Sha Tin, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Newborn Town Inc reported revenue of HK$6.9B in FY2025 versus HK$2.4B in FY2021, a compound +30.7%/yr. Reported net income was HK$935M in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$6.9B
Latest YoY
+35.3%
Avg. growth/yr (3Y)
+35.0%
Avg. growth/yr (5Y)
+42.3%
Avg. growth/yr (9Y)
+54.6%
Revenue +30.7%/yr
FY21 HK$2.4B
FY22 HK$2.8B
FY23 HK$3.3B
FY24 HK$5.1B
FY25 HK$6.9B
Net income
FY21 −HK$286M
FY22 HK$130M
FY23 HK$513M
FY24 HK$480M
FY25 HK$935M

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Cite: Fair Value Calculator (2026). "Newborn Town Inc Fair Value". https://www.fairvalue-calculator.com/stock/9911

Peer Group

Software - Application · 709 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 67 · Top 25%
Fair Value upside +35% · Top 25%
Return on equity (TTM) 46% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 32% · Top 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than 75% of peers
P/B 4.67× · Pricier than 75% of peers
P/S (TTM) 1.65× · Cheaper than median
P/FCF 1.0× · Cheaper than 75% of peers
EV/EBITDA 9.0× · Cheaper than median

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 80 · sector 0
FUTURE 100 · sector 38
PAST 100 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

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Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Newborn Town Inc (9911) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$11.19 versus a price of HK$8.30, about +35% (undervalued).
What is the fair value of 9911?
Our model-based fair value for Newborn Town Inc is HK$11.19 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$8.30.
What is the quality score of 9911?
Newborn Town Inc has a Quality Score of 67/100. 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 Newborn Town Inc (9911)?
Newborn Town Inc reported trailing-twelve-month revenue of about HK$6.9B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 9911?
The net profit margin of Newborn Town Inc is about 13.6%, meaning it keeps roughly 13.6% 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.

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