0148 (0148) Fair Value & Analysis

Industrials · Market cap HK$132B

0 0148 0148 · HK

PriceHK$117.90

Fair ValueHK$66.70

Upside-43.4%

Quality59/100

Evidence: Medium Range HK$50.03 – HK$83.38

Fair value as of: Jul 1, 2026

From 16 valuation models · updated today

Share price +81.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$22.48 – HK$141.10 · fair‑value band HK$50.03 – HK$83.38 · the HK$117.90 price screens above the HK$66.70 fair value. As of Jul 1, 2026.

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Analysis

0148 (0148) currently trades at HK$117.90, while our model-based Fair Value estimate is HK$66.70 — implying the stock looks roughly 43.4% overvalued today. We read business quality at 59/100 (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: medium).

Over the trailing twelve months, 0148 generated revenue of HK$45.4B at a net margin of 9.7%. Revenue grew 4.8% year over year. It earns a return on equity of 7.6%. Net debt stands at HK$19.3B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$45.4B

Revenue growth (YoY) +4.8%

Net margin 9.7%

Return on equity 7.6%

Free cash flow −HK$954M FY2025

P/E ratio 29.8

More key figures

Operating margin 7.4%

EPS (TTM) HK$2.33

Dividend yield 1.5%

EPS growth (YoY) +1,375%

Net debt HK$19.3B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0148 reported revenue of HK$45.4B in FY2025 versus HK$56.8B in FY2021, a compound −5.4%/yr. Reported net income was HK$4.4B in FY2025, compounding −20.1%/yr from FY2021.

Revenue −5.4%/yr

FY21 HK$56.8B

FY22 HK$49.4B

FY23 HK$39.7B

FY24 HK$43.1B

FY25 HK$45.4B

Net income −20.1%/yr

FY21 HK$10.8B

FY22 HK$3.7B

FY23 HK$2.1B

FY24 HK$1.6B

FY25 HK$4.4B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Honeywell International Inc HON	C$25.91	C$10.44	-60%
Hitachi, Ltd HTHIY	$30.12	$23.57	-22%
CITIC Limited 0267	HK$12.87	HK$21.98	+71%
0019 0019	HK$81.70	HK$13.77	-83%
CK Hutchison Holdings 0001	HK$68.50	HK$141.53	+107%
Itaúsa S.A ITSA3	R$12.65	R$12.63	-0%

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Frequently asked questions

Is 0148 (0148) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$66.70 versus a price of HK$117.90 — about −43% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0148?

Our model-based fair value for 0148 is HK$66.70 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$117.90.

What is the quality score of 0148?

0148 has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0148 (0148)?

0148 reported trailing-twelve-month revenue of about HK$45.4B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0148?

The net profit margin of 0148 is about 9.7%, meaning it keeps roughly 9.7% of revenue as net income. Based on the latest reported figures.

Does 0148 pay a dividend?

0148 currently shows a dividend yield of about 1.50% 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.