0189 (0189) Fair Value & Analysis

Basic Materials · Market cap HK$33.1B

0 0189 0189 · HK

PriceHK$19.08

Fair ValueHK$18.59

Upside-2.6%

Quality75/100

Evidence: Medium Range HK$13.94 – HK$23.24

Fair value as of: Jul 1, 2026

From 26 valuation models · updated today

Share price +19.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$9.32 – HK$22.34 · fair‑value band HK$13.94 – HK$23.24 · the HK$19.08 price screens above the HK$18.59 fair value. As of Jul 1, 2026.

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Analysis

0189 (0189) currently trades at HK$19.08, while our model-based Fair Value estimate is HK$18.59 — implying the stock looks roughly 2.6% overvalued today. We read business quality at 75/100 (high 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: medium).

Over the trailing twelve months, 0189 generated revenue of HK$14.4B at a net margin of 11.4%. Revenue declined 0.4% year over year. It earns a return on equity of 11.6%. The balance sheet holds a net cash position of HK$5.0B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$14.4B

Revenue growth (YoY) -0.4%

Net margin 11.4%

Return on equity 11.6%

Free cash flow HK$2.0B FY2025

P/E ratio 16.9

More key figures

Operating margin 14.6%

EPS (TTM) HK$0.4700

Dividend yield 1.4%

EPS growth (YoY) +69.0%

Net cash HK$5.0B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0189 reported revenue of HK$14.4B in FY2025 versus HK$15.8B in FY2021, a compound −2.4%/yr. Reported net income was HK$1.6B in FY2025, compounding −5.7%/yr from FY2021.

Revenue −2.4%/yr

FY21 HK$15.8B

FY22 HK$20.0B

FY23 HK$14.5B

FY24 HK$14.2B

FY25 HK$14.4B

Net income −5.7%/yr

FY21 HK$2.1B

FY22 HK$3.9B

FY23 HK$708M

FY24 HK$811M

FY25 HK$1.6B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Linde plc LIN	€448.00	€191.66	-57%
Shin-Etsu Chemical Co SHECY	$22.77	$13.22	-42%
BASF SE BAS	€50.82	€9.45	-81%
Ningxia Baofeng Energy Group 600989	¥22.46	¥37.07	+65%
Dow Inc D1OW34	R$43.91	R$31.57	-28%
Ganfeng Lithium Group 002460	¥65.65	¥18.75	-71%

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Frequently asked questions

Is 0189 (0189) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$18.59 versus a price of HK$19.08 — about −3% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0189?

Our model-based fair value for 0189 is HK$18.59 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$19.08.

What is the quality score of 0189?

0189 has a Quality Score of 75/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0189 (0189)?

0189 reported trailing-twelve-month revenue of about HK$14.4B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0189?

The net profit margin of 0189 is about 11.4%, meaning it keeps roughly 11.4% of revenue as net income. Based on the latest reported figures.

Does 0189 pay a dividend?

0189 currently shows a dividend yield of about 1.39% 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.