0196 (0196) Fair Value & Analysis

Energy · Market cap HK$1.3B

0 0196 0196 · HK

PriceHK$0.1420

Fair ValueHK$0.0800

Upside-43.7%

Quality35/100

Evidence: High Range HK$0.0600 – HK$0.0900

Fair value as of: Jul 1, 2026

From 16 valuation models · updated today

Share price −17.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1400 – HK$0.2550 · fair‑value band HK$0.0600 – HK$0.0900 · the HK$0.1420 price screens above the HK$0.0800 fair value. As of Jul 1, 2026.

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Analysis

0196 (0196) currently trades at HK$0.1420, while our model-based Fair Value estimate is HK$0.0800 — implying the stock looks roughly 43.7% overvalued today. We read business quality at 35/100 (below-average quality), in the Energy 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: high).

Over the trailing twelve months, 0196 generated revenue of HK$5.5B at a net margin of 0.7%. Revenue grew 1.2% year over year. It earns a return on equity of 1.1%. Net debt stands at HK$3.9B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$5.5B

Revenue growth (YoY) +1.2%

Net margin 0.7%

Return on equity 1.1%

Free cash flow −HK$199M FY2025

Operating margin 2.9%

More key figures

EPS growth (YoY) -74.3%

Net debt HK$3.9B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0196 reported revenue of HK$5.5B in FY2025 versus HK$2.9B in FY2021, a compound +16.9%/yr. Reported net income was HK$38.3M in FY2025.

Revenue +16.9%/yr

FY21 HK$2.9B

FY22 HK$4.5B

FY23 HK$5.5B

FY24 HK$5.6B

FY25 HK$5.5B

Net income

FY21 −HK$717M

FY22 −HK$634M

FY23 −HK$387M

FY24 HK$7.6M

FY25 HK$38.3M

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

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SLB N.V SLBN	993.35 MXN	30.75 MXN	-97%
Baker Hughes Company BKR	$59.15	$33.55	-43%
Halliburton Company HAL	$35.17	$21.50	-39%
Tenaris S.A T1SS34	R$162.40	R$108.11	-33%
TechnipFMC plc FTI	$69.01	$29.89	-57%
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Frequently asked questions

Is 0196 (0196) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.0800 versus a price of HK$0.1420 — about −44% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0196?

Our model-based fair value for 0196 is HK$0.0800 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.1420.

What is the quality score of 0196?

0196 has a Quality Score of 35/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0196 (0196)?

0196 reported trailing-twelve-month revenue of about HK$5.5B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0196?

The net profit margin of 0196 is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. 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.