0323 (0323) Fair Value & Analysis

Basic Materials · Market cap HK$12.9B

0 0323 0323 · HK

PriceHK$1.67

Fair ValueHK$5.03

Upside+201.2%

Quality44/100

Evidence: Medium Range HK$3.28 – HK$6.78

Fair value as of: Jul 1, 2026

From 16 valuation models · updated today

Share price −13.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.61 – HK$3.02 · fair‑value band HK$3.28 – HK$6.78 · the HK$1.67 price screens below the HK$5.03 fair value. As of Jul 1, 2026.

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Analysis

0323 (0323) currently trades at HK$1.67, while our model-based Fair Value estimate is HK$5.03 — implying the stock looks roughly 201.2% undervalued today. We read business quality at 44/100 (below-average quality), in the Basic Materials 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.

Trailing-twelve-month revenue stands at HK$75.8B. Revenue declined 8.8% year over year. It earns a return on equity of 0.6%. Net debt stands at HK$15.2B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$75.8B

Revenue growth (YoY) -8.8%

Net margin 0.0%

Return on equity 0.6%

Free cash flow HK$2.2B FY2025

Operating margin 0.4%

More key figures

EPS (TTM) HK$-0.0127

EPS growth (YoY) -94.2%

Net debt HK$15.2B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0323 reported revenue of HK$77.5B in FY2025 versus HK$114B in FY2021, a compound −9.2%/yr. Reported net income was −HK$203M in FY2025.

Revenue −9.2%/yr

FY21 HK$114B

FY22 HK$102B

FY23 HK$98.9B

FY24 HK$81.8B

FY25 HK$77.5B

Net income

FY21 HK$5.3B

FY22 −HK$820M

FY23 −HK$1.3B

FY24 −HK$4.7B

FY25 −HK$203M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Tata Steel Limited TTST	$0.2140	$0.2500	+17%
Nucor Corporation NUE	$254.39	$83.10	-67%
ArcelorMittal S.A ARMT34	R$166.77	R$110.23	-34%
JSW Steel Limited JSWSTEEL	₹1,282	₹1,113	-13%
China Steel Corporation 2002A	38.45 TWD	11.94 TWD	-69%
Baoshan Iron & Steel Co 600019	¥5.74	¥7.78	+36%

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Frequently asked questions

Is 0323 (0323) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$5.03 versus a price of HK$1.67 — about +201% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0323?

Our model-based fair value for 0323 is HK$5.03 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$1.67.

What is the quality score of 0323?

0323 has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0323 (0323)?

0323 reported trailing-twelve-month revenue of about HK$75.8B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0323?

The net profit margin of 0323 is about 0.0%, meaning it is currently running at a net loss. 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.