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0003 (0003) Fair Value & Analysis

Utilities · Market cap HK$121B

0 0003 0003 · HK
PriceHK$6.50
Fair ValueHK$5.08
Upside-21.8%
Quality55/100
Evidence: Medium Range HK$3.54 – HK$6.48

Fair value as of: Jul 1, 2026

From 26 valuation models · updated today

Share price −6.3% over the past month.

Price vs Fair Value (12 months)

HK$7.50 HK$6.27 Fair Value HK$5.08 Jun 2025 Jun 2026

12‑month range HK$6.27 – HK$7.50 · fair‑value band HK$3.54 – HK$6.48 · the HK$6.50 price screens above the HK$5.08 fair value. As of Jul 1, 2026.

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Analysis

0003 (0003) currently trades at HK$6.50, while our model-based Fair Value estimate is HK$5.08 — implying the stock looks roughly 21.8% overvalued today. We read business quality at 55/100 (solid quality), in the Utilities 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, 0003 generated revenue of HK$54.3B at a net margin of 10.5%. Revenue declined 4.2% year over year. It earns a return on equity of 9.6%. Net debt stands at HK$54.5B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$54.3B
Revenue growth (YoY) -4.2%
Net margin 10.5%
Return on equity 9.6%
Free cash flow HK$5.4B FY2025
P/E ratio 21.7
More key figures
Operating margin 13.0%
EPS (TTM) HK$0.1600
Dividend yield 5.2%
EPS growth (YoY) +2.1%
Net debt HK$54.5B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 1, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0003 reported revenue of HK$54.3B in FY2025 versus HK$53.6B in FY2021, a compound +0.4%/yr. Reported net income was HK$5.7B in FY2025, compounding +2.6%/yr from FY2021.

Revenue +0.4%/yr
FY21 HK$53.6B
FY22 HK$61.0B
FY23 HK$57.0B
FY24 HK$55.5B
FY25 HK$54.3B
Net income +2.6%/yr
FY21 HK$5.1B
FY22 HK$5.4B
FY23 HK$6.2B
FY24 HK$5.7B
FY25 HK$5.7B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Jul 1, 2026).

Stock Price Fair Value vs Fair Value
Naturgy Energy Group GASNY $6.51 $6.59 +1%
Atmos Energy Corporation ATO $167.96 $87.63 -48%
Snam S.p.A SRG €6.25 €4.39 -30%
Uniper SE UN0 €49.10 €14.80 -70%
NiSource Inc NI $46.63 $34.64 -26%
The Hong Kong and China Gas Company HOKCY $0.8100 $0.6500 -20%

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Frequently asked questions

Is 0003 (0003) undervalued?
As of Jul 1, 2026, our model estimates a fair value of HK$5.08 versus a price of HK$6.50 — about −22% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 0003?
Our model-based fair value for 0003 is HK$5.08 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$6.50.
What is the quality score of 0003?
0003 has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 0003 (0003)?
0003 reported trailing-twelve-month revenue of about HK$54.3B (latest available figure, as of Jul 1, 2026).
What is the net profit margin of 0003?
The net profit margin of 0003 is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does 0003 pay a dividend?
0003 currently shows a dividend yield of about 5.22% relative to its recent price (as of Jul 1, 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.