0018 (0018) Fair Value & Analysis

Communication Services · Market cap HK$623M

0 0018 0018 · HK

PriceHK$0.2600

Fair ValueHK$0.1200

Upside-53.8%

Quality58/100

Evidence: High Range HK$0.0900 – HK$0.1500

Fair value as of: Jul 1, 2026

From 21 valuation models · updated today

Share price −5.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2600 – HK$0.3889 · fair‑value band HK$0.0900 – HK$0.1500 · the HK$0.2600 price screens above the HK$0.1200 fair value. As of Jul 1, 2026.

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Analysis

0018 (0018) currently trades at HK$0.2600, while our model-based Fair Value estimate is HK$0.1200 — implying the stock looks roughly 53.8% overvalued today. We read business quality at 58/100 (solid quality), in the Communication Services 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, 0018 generated revenue of HK$496M at a net margin of 2.7%. Revenue declined 10.4% year over year. It earns a return on equity of 0.9%. The balance sheet holds a net cash position of HK$549M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$496M

Revenue growth (YoY) -10.4%

Net margin 2.7%

Return on equity 0.9%

Free cash flow HK$120M FY2025

P/E ratio 26.0

More key figures

Operating margin 4.2%

EPS (TTM) HK$0.0100

Dividend yield 3.9%

EPS growth (YoY) -55.9%

Net cash HK$549M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

0018 reported revenue of HK$475M in FY2026 versus HK$736M in FY2022, a compound −10.4%/yr. Reported net income was HK$13.4M in FY2026, compounding −46.8%/yr from FY2022.

Revenue −10.4%/yr

FY22 HK$736M

FY23 HK$677M

FY24 HK$629M

FY25 HK$545M

FY26 HK$475M

Net income −46.8%/yr

FY22 HK$167M

FY23 HK$167M

FY24 HK$75.1M

FY25 HK$52.4M

FY26 HK$13.4M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Informa plc IFPJF	$11.23	$8.35	-26%
The New York Times Company NYT	$73.00	$44.89	-39%
Pearson plc PSORF	$14.80	$15.04	+2%
SPG SPG	€19.36	€30.50	+58%
Jiangsu Phoenix Publishing & Media Corporation 601928	¥9.32	¥9.23	-1%
China South Publishing & Media Group 601098	¥10.81	¥11.21	+4%

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Frequently asked questions

Is 0018 (0018) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.1200 versus a price of HK$0.2600 — about −54% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0018?

Our model-based fair value for 0018 is HK$0.1200 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.2600.

What is the quality score of 0018?

0018 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0018 (0018)?

0018 reported trailing-twelve-month revenue of about HK$496M (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0018?

The net profit margin of 0018 is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.

Does 0018 pay a dividend?

0018 currently shows a dividend yield of about 3.85% 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.