0185 (0185) Fair Value & Analysis

Real Estate · Market cap HK$140M

0 0185 0185 · HK

PriceHK$0.0730

Fair ValueHK$0.0782

Upside+7.1%

Quality44/100

Evidence: Low Range HK$0.0456 – HK$0.1107

Fair value as of: Jul 1, 2026

From 7 valuation models · updated today

Share price −3.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0640 – HK$0.1570 · fair‑value band HK$0.0456 – HK$0.1107 · the HK$0.0730 price screens below the HK$0.0782 fair value. As of Jul 1, 2026.

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Analysis

0185 (0185) currently trades at HK$0.0730, while our model-based Fair Value estimate is HK$0.0782 — implying the stock looks roughly 7.1% undervalued today. We read business quality at 44/100 (below-average quality), in the Real Estate 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: low) — always confirm before acting.

Over the trailing twelve months, 0185 generated revenue of HK$6.9B at a net margin of -12.4%. Revenue declined 54.1% year over year. Net debt stands at HK$4.6B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$6.9B

Revenue growth (YoY) -54.1%

Net margin -12.4%

Return on equity -161%

Free cash flow HK$672M FY2025

Operating margin 1.6%

More key figures

EPS (TTM) HK$-0.2600

EPS growth (YoY) -43.1%

Net debt HK$4.6B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0185 reported revenue of HK$6.9B in FY2025 versus HK$13.4B in FY2021, a compound −15.3%/yr. Reported net income was −HK$856M in FY2025.

Revenue −15.3%/yr

FY21 HK$13.4B

FY22 HK$9.7B

FY23 HK$20.0B

FY24 HK$9.5B

FY25 HK$6.9B

Net income

FY21 HK$399M

FY22 −HK$2.9B

FY23 −HK$2.3B

FY24 −HK$2.2B

FY25 −HK$856M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Vinhomes Joint Stock Company VHM	155,400 VND	148,549 VND	-4%
DLF Limited DLF	₹621.35	₹159.49	-74%
PT Pantai Indah Kapuk Dua Tbk, PANI	6,150 IDR	1,330 IDR	-78%
Lodha Developers Limited LODHA	₹926.65	₹774.29	-16%
Oberoi Realty Limited OBEROIRLTY	₹1,592	₹1,400	-12%
Godrej Properties Limited GODREJPROP	₹1,799	₹1,034	-43%

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Frequently asked questions

Is 0185 (0185) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.0782 versus a price of HK$0.0730 — about +7% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0185?

Our model-based fair value for 0185 is HK$0.0782 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.0730.

What is the quality score of 0185?

0185 has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0185 (0185)?

0185 reported trailing-twelve-month revenue of about HK$6.9B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0185?

The net profit margin of 0185 is about -12.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.