9936 (9936) Fair Value & Analysis

Basic Materials · Market cap HK$8.7B

9 9936 9936 · HK

PriceHK$20.94

Fair ValueHK$8.14

Upside-61.1%

Quality55/100

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Evidence: Medium Range HK$6.10 – HK$11.08

Fair value as of: Jul 3, 2026

From 16 valuation models · updated today

Share price +5.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$3.82 – HK$22.35 · fair‑value band HK$6.10 – HK$11.08 · the HK$20.94 price screens above the HK$8.14 fair value. As of Jul 3, 2026.

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Analysis

9936 (9936) currently trades at HK$20.94, while our model-based Fair Value estimate is HK$8.14 — implying the stock looks roughly 61.1% overvalued today. We read business quality at 55/100 (solid quality), in the Basic Materials 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: medium).

Over the trailing twelve months, 9936 generated revenue of HK$2.2B at a net margin of 7.7%. Revenue grew 40.0% year over year. It earns a return on equity of 12.9%. Net debt stands at HK$837M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$2.2B

Revenue growth (YoY) +40.0%

Net margin 7.7%

Return on equity 12.9%

Free cash flow −HK$197M FY2025

P/E ratio 38.1

More key figures

Operating margin 7.0%

EPS (TTM) HK$0.2600

Dividend yield 0.3%

EPS growth (YoY) +27.1%

Net debt HK$837M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

9936 reported revenue of HK$2.2B in FY2025 versus HK$764M in FY2021, a compound +30.9%/yr. Reported net income was HK$172M in FY2025, compounding +13.9%/yr from FY2021.

Revenue +30.9%/yr

FY21 HK$764M

FY22 HK$1.0B

FY23 HK$1.4B

FY24 HK$1.8B

FY25 HK$2.2B

Net income +13.9%/yr

FY21 HK$102M

FY22 HK$105M

FY23 HK$87.1M

FY24 HK$124M

FY25 HK$172M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Linde plc LIN	$509.16	$159.69	-69%
L'Air Liquide S.A AIQUY	$38.20	$13.08	-66%
Air Products and Chemicals, Inc A1PD34	R$364.32	R$50.60	-86%
Intercontinental Exchange, Inc I1CE34	R$334.47	R$67.12	-80%
Wanhua Chemical Group 600309	¥72.46	¥51.34	-29%
Asian Paints Limited ASIANPAINT	₹2,674	₹739.38	-72%

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Frequently asked questions

Is 9936 (9936) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$8.14 versus a price of HK$20.94 — about −61% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 9936?

Our model-based fair value for 9936 is HK$8.14 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$20.94.

What is the quality score of 9936?

9936 has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 9936 (9936)?

9936 reported trailing-twelve-month revenue of about HK$2.2B (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 9936?

The net profit margin of 9936 is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.

Does 9936 pay a dividend?

9936 currently shows a dividend yield of about 0.26% 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.