0232 (0232) Fair Value & Analysis

Industrials · Market cap HK$3.8B

0 0232 0232 · HK

PriceHK$0.4050

Fair ValueHK$0.2400

Upside-40.7%

Quality71/100

Evidence: High Range HK$0.2400 – HK$0.2400

Fair value as of: Jul 1, 2026

From 26 valuation models · updated today

Share price +105.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1142 – HK$0.4050 · the HK$0.4050 price screens above the HK$0.2400 fair value. As of Jul 1, 2026.

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Analysis

0232 (0232) currently trades at HK$0.4050, while our model-based Fair Value estimate is HK$0.2400 — implying the stock looks roughly 40.7% overvalued today. We read business quality at 71/100 (solid quality), in the Industrials 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, 0232 generated revenue of HK$2.0B at a net margin of 4.7%. Revenue declined 2.9% year over year. It earns a return on equity of 3.1%. The balance sheet holds a net cash position of HK$324M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$2.0B

Revenue growth (YoY) -2.9%

Net margin 4.7%

Return on equity 3.1%

Free cash flow HK$174M FY2025

P/E ratio 40.5

More key figures

Operating margin 3.9%

EPS (TTM) HK$0.0100

Dividend yield 1.3%

EPS growth (YoY) -39.2%

Net cash HK$324M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0232 reported revenue of HK$2.0B in FY2025 versus HK$1.4B in FY2021, a compound +9.0%/yr. Reported net income was HK$94.1M in FY2025.

Revenue +9.0%/yr

FY21 HK$1.4B

FY22 HK$1.7B

FY23 HK$1.8B

FY24 HK$1.8B

FY25 HK$2.0B

Net income

FY21 −HK$56.0M

FY22 HK$50.8M

FY23 HK$162M

FY24 HK$56.0M

FY25 HK$94.1M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
General Electric Company GE	C$46.59	C$22.78	-51%
RTX Corporation RYTT34	R$155.45	R$83.92	-46%
The Boeing Company BCO	€198.20	€51.07	-74%
Airbus SE EADSF	$217.43	$138.69	-36%
Safran SA SAFRY	$94.54	$57.23	-39%
Rolls-Royce Holdings RYCEY	$18.79	$9.46	-50%

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Frequently asked questions

Is 0232 (0232) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.2400 versus a price of HK$0.4050 — about −41% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0232?

Our model-based fair value for 0232 is HK$0.2400 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.4050.

What is the quality score of 0232?

0232 has a Quality Score of 71/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0232 (0232)?

0232 reported trailing-twelve-month revenue of about HK$2.0B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0232?

The net profit margin of 0232 is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.

Does 0232 pay a dividend?

0232 currently shows a dividend yield of about 1.25% 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.