0103 (0103) Fair Value & Analysis

Basic Materials · Market cap HK$1.0B

0 0103 0103 · HK

PriceHK$1.98

Fair ValueHK$1.78

Upside-10.1%

Quality41/100

Evidence: High Range HK$1.33 – HK$2.22

Fair value as of: Jul 1, 2026

From 25 valuation models · updated today

Share price −8.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.94 – HK$4.10 · fair‑value band HK$1.33 – HK$2.22 · the HK$1.98 price screens above the HK$1.78 fair value. As of Jul 1, 2026.

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Analysis

0103 (0103) currently trades at HK$1.98, while our model-based Fair Value estimate is HK$1.78 — implying the stock looks roughly 10.1% overvalued today. We read business quality at 41/100 (below-average 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: high).

Over the trailing twelve months, 0103 generated revenue of HK$2.4B at a net margin of 2.2%. Revenue grew 11.3% year over year. It earns a return on equity of 2.9%. Net debt stands at HK$105M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$2.4B

Revenue growth (YoY) +11.3%

Net margin 2.2%

Return on equity 2.9%

Free cash flow HK$15.9M FY2025

P/E ratio 18.0

More key figures

Operating margin 1.3%

EPS (TTM) HK$0.0600

Dividend yield 3.8%

EPS growth (YoY) -42.4%

Net debt HK$105M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0103 reported revenue of HK$2.4B in FY2025 versus HK$2.7B in FY2021, a compound −2.6%/yr. Reported net income was HK$54.2M in FY2025, compounding −9.5%/yr from FY2021.

Revenue −2.6%/yr

FY21 HK$2.7B

FY22 HK$2.5B

FY23 HK$2.5B

FY24 HK$2.4B

FY25 HK$2.4B

Net income −9.5%/yr

FY21 HK$80.9M

FY22 HK$47.9M

FY23 HK$62.5M

FY24 HK$31.6M

FY25 HK$54.2M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Tata Steel Limited TTST	$0.2140	$0.2500	+17%
Nucor Corporation NUE	$250.49	$79.02	-68%
ArcelorMittal S.A ARMT34	R$163.20	R$15.38	-91%
JSW Steel Limited JSWSTEEL	₹1,284	₹901.55	-30%
China Steel Corporation 2002A	38.25 TWD	9.37 TWD	-76%
Baoshan Iron & Steel Co 600019	¥5.75	¥8.07	+40%

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Frequently asked questions

Is 0103 (0103) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$1.78 versus a price of HK$1.98 — about −10% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0103?

Our model-based fair value for 0103 is HK$1.78 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$1.98.

What is the quality score of 0103?

0103 has a Quality Score of 41/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0103 (0103)?

0103 reported trailing-twelve-month revenue of about HK$2.4B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0103?

The net profit margin of 0103 is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.

Does 0103 pay a dividend?

0103 currently shows a dividend yield of about 3.80% 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.