0229 (0229) Fair Value & Analysis

Consumer Cyclical · Market cap HK$421M

0 0229 0229 · HK

PriceHK$0.8400

Fair ValueHK$1.54

Upside+83.3%

Quality62/100

Evidence: Medium Range HK$1.08 – HK$1.97

Fair value as of: Jul 1, 2026

From 10 valuation models · updated today

Share price −5.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.7686 – HK$0.9473 · fair‑value band HK$1.08 – HK$1.97 · the HK$0.8400 price screens below the HK$1.54 fair value. As of Jul 1, 2026.

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Analysis

0229 (0229) currently trades at HK$0.8400, while our model-based Fair Value estimate is HK$1.54 — implying the stock looks roughly 83.3% undervalued today. We read business quality at 62/100 (solid quality), in the Consumer Cyclical 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: medium) — always confirm before acting.

Over the trailing twelve months, 0229 generated revenue of HK$1.1B at a net margin of 4.3%. Revenue grew 0.1% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of HK$286M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$1.1B

Revenue growth (YoY) +0.1%

Net margin 4.3%

Return on equity 6.9%

Free cash flow −HK$2.4M FY2025

P/E ratio 9.3

More key figures

Operating margin 1.5%

EPS (TTM) HK$0.0600

Dividend yield 8.3%

EPS growth (YoY) -24.4%

Net cash HK$286M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0229 reported revenue of HK$1.1B in FY2025 versus HK$1.4B in FY2021, a compound −6.8%/yr. Reported net income was HK$46.4M in FY2025, compounding +2.6%/yr from FY2021.

Revenue −6.8%/yr

FY21 HK$1.4B

FY22 HK$1.1B

FY23 HK$1.4B

FY24 HK$1.1B

FY25 HK$1.1B

Net income +2.6%/yr

FY21 HK$42.0M

FY22 HK$30.5M

FY23 HK$67.9M

FY24 HK$45.2M

FY25 HK$46.4M

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

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Midea Group 000333	¥81.69	¥128.24	+57%
0300 0300	HK$82.60	HK$113.26	+37%
Haier Smart Home Co QIHCF	$2.42	$4.20	+74%
Gree Electric Appliances, Inc 000651	¥38.20	¥86.03	+125%
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SharkNinja, Inc SN	$128.22	$78.04	-39%

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Frequently asked questions

Is 0229 (0229) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$1.54 versus a price of HK$0.8400 — about +83% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0229?

Our model-based fair value for 0229 is HK$1.54 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.8400.

What is the quality score of 0229?

0229 has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0229 (0229)?

0229 reported trailing-twelve-month revenue of about HK$1.1B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0229?

The net profit margin of 0229 is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.

Does 0229 pay a dividend?

0229 currently shows a dividend yield of about 8.33% 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.