9998 (9998) Fair Value & Analysis

Industrials · Market cap HK$296M

9 9998 9998 · HK

PriceHK$0.3700

Fair ValueHK$0.3400

Upside-8.1%

Quality71/100

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Evidence: High Range HK$0.2500 – HK$0.5400

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price −7.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1614 – HK$0.5600 · fair‑value band HK$0.2500 – HK$0.5400 · the HK$0.3700 price screens above the HK$0.3400 fair value. As of Jul 3, 2026.

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Analysis

9998 (9998) currently trades at HK$0.3700, while our model-based Fair Value estimate is HK$0.3400 — implying the stock looks roughly 8.1% overvalued today. We read business quality at 71/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, 9998 generated revenue of HK$252M at a net margin of 7.0%. Revenue grew 11.4% year over year. It earns a return on equity of 36.4%. The balance sheet holds a net cash position of HK$90.9M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$252M

Revenue growth (YoY) +11.4%

Net margin 7.0%

Return on equity 36.4%

Free cash flow HK$56.0M FY2025

P/E ratio 2.8

More key figures

Operating margin 6.2%

EPS (TTM) HK$0.0200

Dividend yield 0.8%

EPS growth (YoY) +249%

Net cash HK$90.9M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

9998 reported revenue of HK$240M in FY2025 versus HK$90.5M in FY2021, a compound +27.6%/yr. Reported net income was HK$12.8M in FY2025.

Revenue +27.6%/yr

FY21 HK$90.5M

FY22 HK$77.8M

FY23 HK$111M

FY24 HK$134M

FY25 HK$240M

Net income

FY21 −HK$6.2M

FY22 −HK$391K

FY23 HK$2.3M

FY24 HK$1.6M

FY25 HK$12.8M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Larsen & Toubro Limited LTOD	$42.70	$34.33	-20%
Samsung C&T Corporation 028260	460,500 KRW	206,212 KRW	-55%
China State Construction Engineering Corporation 601668	¥4.72	¥16.90	+258%
TopBuild Corp BLD	7,547 MXN	4,541 MXN	-40%
Hyundai Engineering & Construction Co 000720	131,900 KRW	76,878 KRW	-42%
United Integrated Services Co 2404	1,260 TWD	1,431 TWD	+14%

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Frequently asked questions

Is 9998 (9998) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$0.3400 versus a price of HK$0.3700 — about −8% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 9998?

Our model-based fair value for 9998 is HK$0.3400 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$0.3700.

What is the quality score of 9998?

9998 has a Quality Score of 71/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 9998 (9998)?

9998 reported trailing-twelve-month revenue of about HK$252M (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 9998?

The net profit margin of 9998 is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.

Does 9998 pay a dividend?

9998 currently shows a dividend yield of about 0.77% 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.