0228 (0228) Fair Value & Analysis

Energy · Market cap HK$575M

0 0228 0228 · HK

PriceHK$1.26

Fair ValueHK$1.79

Upside+42.1%

Quality42/100

Evidence: High Range HK$1.62 – HK$1.93

Fair value as of: Jul 1, 2026

From 24 valuation models · updated today

Share price −12.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.24 – HK$2.52 · fair‑value band HK$1.62 – HK$1.93 · the HK$1.26 price screens below the HK$1.79 fair value. As of Jul 1, 2026.

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Analysis

0228 (0228) currently trades at HK$1.26, while our model-based Fair Value estimate is HK$1.79 — implying the stock looks roughly 42.1% undervalued today. We read business quality at 42/100 (below-average quality), in the Energy 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, 0228 generated revenue of HK$234M at a net margin of 11.1%. Revenue declined 14.1% year over year. It earns a return on equity of 1.2%. Net debt stands at HK$7.8M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$234M

Revenue growth (YoY) -14.1%

Net margin 11.1%

Return on equity 1.2%

Free cash flow HK$57.3M FY2025

P/E ratio 15.8

More key figures

Operating margin 28.9%

EPS growth (YoY) -69.8%

Net debt HK$7.8M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0228 reported revenue of HK$234M in FY2025 versus HK$354M in FY2021, a compound −9.8%/yr. Reported net income was HK$25.9M in FY2025, compounding −32.4%/yr from FY2021.

Revenue −9.8%/yr

FY21 HK$354M

FY22 HK$323M

FY23 HK$332M

FY24 HK$300M

FY25 HK$234M

Net income −32.4%/yr

FY21 HK$124M

FY22 HK$83.3M

FY23 HK$69.5M

FY24 HK$27.3M

FY25 HK$25.9M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Exxon Mobil Corporation XOM	$138.47	$90.37	-35%
Chevron Corporation CVX	$188.35	$66.65	-65%
PetroChina Company PCCYF	$1.20	$1.59	+33%
Petróleo Brasileiro S.A PBR	25,340 ARS	53,847 ARS	+112%
Shell plc RYDAF	$38.90	$46.04	+18%
TotalEnergies SE TTE	$80.67	$73.21	-9%

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Frequently asked questions

Is 0228 (0228) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$1.79 versus a price of HK$1.26 — about +42% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0228?

Our model-based fair value for 0228 is HK$1.79 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$1.26.

What is the quality score of 0228?

0228 has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0228 (0228)?

0228 reported trailing-twelve-month revenue of about HK$234M (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0228?

The net profit margin of 0228 is about 11.1%, meaning it keeps roughly 11.1% 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.