0346 (0346) Fair Value & Analysis

Energy · Market cap HK$292M

0 0346 0346 · HK

PriceHK$0.2650

Fair ValueHK$0.3088

Upside+16.5%

Quality31/100

Evidence: Low Range HK$0.1713 – HK$0.4257

Fair value as of: Jul 1, 2026

From 3 valuation models · updated today

Share price −24.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2650 – HK$0.6200 · fair‑value band HK$0.1713 – HK$0.4257 · the HK$0.2650 price screens below the HK$0.3088 fair value. As of Jul 1, 2026.

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Analysis

0346 (0346) currently trades at HK$0.2650, while our model-based Fair Value estimate is HK$0.3088 — implying the stock looks roughly 16.5% undervalued today. We read business quality at 31/100 (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: low) — always confirm before acting.

Over the trailing twelve months, 0346 generated revenue of HK$17.3B at a net margin of -4.4%. Revenue declined 40.9% year over year. It earns a return on equity of -83.2%. Net debt stands at HK$684M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$17.3B

Revenue growth (YoY) -40.9%

Net margin -4.4%

Return on equity -83.2%

Free cash flow −HK$270M FY2025

Operating margin -1.4%

More key figures

EPS (TTM) HK$-0.0300

EPS growth (YoY) -59.9%

Net debt HK$684M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0346 reported revenue of HK$17.3B in FY2025 versus HK$19.8B in FY2021, a compound −3.2%/yr. Reported net income was −HK$759M in FY2025.

Revenue −3.2%/yr

FY21 HK$19.8B

FY22 HK$29.9B

FY23 HK$27.7B

FY24 HK$29.2B

FY25 HK$17.3B

Net income

FY21 HK$354M

FY22 −HK$200M

FY23 HK$218M

FY24 HK$54.1M

FY25 −HK$759M

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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	$150.62	$75.10	-50%
Chevron Corporation CVX	$175.06	$90.66	-48%
PetroChina Company PCCYF	$1.17	$1.23	+5%
Petróleo Brasileiro S.A PBR	25,340 ARS	95,303 ARS	+276%
Shell plc RYDAF	$44.16	$35.49	-20%
TotalEnergies SE TTE	$88.41	$63.78	-28%

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Frequently asked questions

Is 0346 (0346) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.3088 versus a price of HK$0.2650 — about +17% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0346?

Our model-based fair value for 0346 is HK$0.3088 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.2650.

What is the quality score of 0346?

0346 has a Quality Score of 31/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0346 (0346)?

0346 reported trailing-twelve-month revenue of about HK$17.3B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0346?

The net profit margin of 0346 is about -4.4%, 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.