0135 (0135) Fair Value & Analysis

Energy · Market cap HK$55.5B

0 0135 0135 · HK

PriceHK$6.43

Fair ValueHK$11.84

Upside+84.1%

Quality57/100

Evidence: Medium Range HK$8.88 – HK$14.80

Fair value as of: Jul 1, 2026

From 26 valuation models · updated today

Share price −8.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$6.41 – HK$8.47 · fair‑value band HK$8.88 – HK$14.80 · the HK$6.43 price screens below the HK$11.84 fair value. As of Jul 1, 2026.

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Analysis

0135 (0135) currently trades at HK$6.43, while our model-based Fair Value estimate is HK$11.84 — implying the stock looks roughly 84.1% undervalued today. We read business quality at 57/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, 0135 generated revenue of HK$194B at a net margin of 2.8%. Revenue grew 2.5% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of HK$9.9B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$194B

Revenue growth (YoY) +2.5%

Net margin 2.8%

Return on equity 9.4%

Free cash flow HK$7.4B FY2025

P/E ratio 9.1

More key figures

Operating margin 5.1%

EPS (TTM) HK$0.3700

Dividend yield 4.9%

EPS growth (YoY) -17.7%

Net cash HK$9.9B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0135 reported revenue of HK$189B in FY2025 versus HK$139B in FY2021, a compound +8.1%/yr. Reported net income was HK$5.2B in FY2025, compounding −31.0%/yr from FY2021.

Revenue +8.1%/yr

FY21 HK$139B

FY22 HK$172B

FY23 HK$177B

FY24 HK$187B

FY25 HK$189B

Net income −31.0%/yr

FY21 HK$23.0B

FY22 HK$5.2B

FY23 HK$5.7B

FY24 HK$6.0B

FY25 HK$5.2B

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Similar stocks

6 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jul 1, 2026).

Stock	Price	Fair Value	vs Fair Value
Reliance Industries Limited RELIANCE	₹1,259	₹835.66	-34%
Marathon Petroleum Corporation MPC	$263.28	$114.61	-56%
Valero Energy Corporation VLO	$243.78	$127.32	-48%
Phillips 66 PSX	$183.08	$50.63	-72%
Neste Oyj NESTE	€28.45	€6.38	-78%
ENEOS Holdings JXHLY	$16.46	$17.72	+8%

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Frequently asked questions

Is 0135 (0135) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$11.84 versus a price of HK$6.43 — about +84% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0135?

Our model-based fair value for 0135 is HK$11.84 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$6.43.

What is the quality score of 0135?

0135 has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0135 (0135)?

0135 reported trailing-twelve-month revenue of about HK$194B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0135?

The net profit margin of 0135 is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.

Does 0135 pay a dividend?

0135 currently shows a dividend yield of about 4.86% 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.