9922 (9922) Fair Value & Analysis

Consumer Cyclical · Market cap HK$1.7B

9 9922 9922 · HK

PriceHK$1.25

Fair ValueHK$1.39

Upside+11.2%

Quality52/100

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Evidence: High Range HK$0.8300 – HK$1.39

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price −19.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.18 – HK$3.05 · fair‑value band HK$0.8300 – HK$1.39 · the HK$1.25 price screens below the HK$1.39 fair value. As of Jul 3, 2026.

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Analysis

9922 (9922) currently trades at HK$1.25, while our model-based Fair Value estimate is HK$1.39 — implying the stock looks roughly 11.2% undervalued today. We read business quality at 52/100 (solid quality), in the Consumer Cyclical 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, 9922 generated revenue of HK$5.2B at a net margin of 1.1%. Revenue declined 17.5% year over year. It earns a return on equity of 1.6%. Net debt stands at HK$670M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$5.2B

Revenue growth (YoY) -17.5%

Net margin 1.1%

Return on equity 1.6%

Free cash flow HK$580M FY2025

P/E ratio 24.8

More key figures

Operating margin 2.7%

EPS (TTM) HK$0.0400

Dividend yield 1.5%

EPS growth (YoY) -20.0%

Net debt HK$670M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

9922 reported revenue of HK$5.2B in FY2025 versus HK$4.2B in FY2021, a compound +5.8%/yr. Reported net income was HK$58.2M in FY2025, compounding −35.7%/yr from FY2021.

Revenue +5.8%/yr

FY21 HK$4.2B

FY22 HK$4.0B

FY23 HK$6.0B

FY24 HK$6.1B

FY25 HK$5.2B

Net income −35.7%/yr

FY21 HK$340M

FY22 HK$49.3M

FY23 HK$453M

FY24 HK$55.8M

FY25 HK$58.2M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
McDonald's Corporation MCD	4,928 MXN	1,948 MXN	-60%
Starbucks Corporation SBUX	C$27.68	C$7.44	-73%
Compass Group CMPGF	$32.59	$24.90	-24%
Chipotle Mexican Grill, Inc CMGS	C$12.49	C$9.29	-26%
Yum! Brands, Inc YUM	$150.74	$59.42	-61%
Restaurant Brands International Inc QSR	$72.66	$34.01	-53%

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Frequently asked questions

Is 9922 (9922) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$1.39 versus a price of HK$1.25 — about +11% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 9922?

Our model-based fair value for 9922 is HK$1.39 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$1.25.

What is the quality score of 9922?

9922 has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 9922 (9922)?

9922 reported trailing-twelve-month revenue of about HK$5.2B (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 9922?

The net profit margin of 9922 is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.

Does 9922 pay a dividend?

9922 currently shows a dividend yield of about 1.49% 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.