0186 (0186) Fair Value & Analysis

Real Estate · Market cap HK$857M

0 0186 0186 · HK

PriceHK$0.1560

Fair ValueHK$0.1800

Upside+15.4%

Quality51/100

Evidence: High Range HK$0.1600 – HK$0.2000

Fair value as of: Jul 1, 2026

From 24 valuation models · updated today

Share price +1.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1510 – HK$0.2280 · fair‑value band HK$0.1600 – HK$0.2000 · the HK$0.1560 price screens below the HK$0.1800 fair value. As of Jul 1, 2026.

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Analysis

0186 (0186) currently trades at HK$0.1560, while our model-based Fair Value estimate is HK$0.1800 — implying the stock looks roughly 15.4% undervalued today. We read business quality at 51/100 (solid 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: high) — always confirm before acting.

Over the trailing twelve months, 0186 generated revenue of HK$362M at a net margin of -10.8%. Revenue declined 81.7% year over year. It earns a return on equity of -14.0%. The balance sheet holds a net cash position of HK$626M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$362M

Revenue growth (YoY) -81.7%

Net margin -10.8%

Return on equity -14.0%

Free cash flow HK$47.0M FY2025

Operating margin -3.7%

More key figures

EPS growth (YoY) -74.3%

Net cash HK$626M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0186 reported revenue of HK$1.5B in FY2025 versus HK$200M in FY2021, a compound +64.1%/yr. Reported net income was HK$1.0M in FY2025.

Revenue +64.1%/yr

FY21 HK$200M

FY22 HK$423M

FY23 HK$579M

FY24 HK$2.2B

FY25 HK$1.5B

Net income

FY21 −HK$76.0M

FY22 −HK$98.0M

FY23 −HK$87.0M

FY24 HK$132M

FY25 HK$1.0M

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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 0186 (0186) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.1800 versus a price of HK$0.1560 — about +15% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0186?

Our model-based fair value for 0186 is HK$0.1800 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.1560.

What is the quality score of 0186?

0186 has a Quality Score of 51/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0186 (0186)?

0186 reported trailing-twelve-month revenue of about HK$362M (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0186?

The net profit margin of 0186 is about -10.8%, 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.