0385 (0385) Fair Value & Analysis

Industrials · Market cap HK$164M

0 0385 0385 · HK

PriceHK$0.2750

Fair ValueHK$0.2125

Upside-22.7%

Quality43/100

Evidence: Medium Range HK$0.1919 – HK$0.2652

Fair value as of: Jul 1, 2026

From 14 valuation models · updated today

Share price +5.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2513 – HK$0.4930 · fair‑value band HK$0.1919 – HK$0.2652 · the HK$0.2750 price screens above the HK$0.2125 fair value. As of Jul 1, 2026.

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Analysis

0385 (0385) currently trades at HK$0.2750, while our model-based Fair Value estimate is HK$0.2125 — implying the stock looks roughly 22.7% overvalued today. We read business quality at 43/100 (below-average 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: medium).

Over the trailing twelve months, 0385 generated revenue of HK$6.5B at a net margin of -0.1%. Revenue declined 24.6% year over year. It earns a return on equity of 1.4%. The balance sheet holds a net cash position of HK$26.6M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$6.5B

Revenue growth (YoY) -24.6%

Net margin -0.1%

Return on equity 1.4%

Free cash flow HK$43.0M FY2025

Operating margin 0.8%

More key figures

EPS (TTM) HK$0.0300

Dividend yield 3.6%

EPS growth (YoY) -4.3%

Net cash HK$26.6M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0385 reported revenue of HK$6.5B in FY2025 versus HK$6.8B in FY2021, a compound −1.1%/yr. Reported net income was −HK$3.0M in FY2025.

Revenue −1.1%/yr

FY21 HK$6.8B

FY22 HK$5.9B

FY23 HK$6.0B

FY24 HK$7.7B

FY25 HK$6.5B

Net income

FY21 HK$77.4M

FY22 −HK$10.2M

FY23 HK$25.7M

FY24 HK$50.7M

FY25 −HK$3.0M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Larsen & Toubro Limited LTOD	$42.70	$34.33	-20%
Samsung C&T Corporation 028260	460,500 KRW	206,212 KRW	-55%
China State Construction Engineering Corporation 601668	¥4.72	¥16.90	+258%
China Energy Engineering Corporation 601868	¥2.80	¥2.76	-1%
TopBuild Corp BLD	7,547 MXN	4,541 MXN	-40%
Shandong Xinneng Taishan Power Generation Co 000720	131,900 KRW	76,878 KRW	-42%

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Frequently asked questions

Is 0385 (0385) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.2125 versus a price of HK$0.2750 — about −23% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0385?

Our model-based fair value for 0385 is HK$0.2125 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.2750.

What is the quality score of 0385?

0385 has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0385 (0385)?

0385 reported trailing-twelve-month revenue of about HK$6.5B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0385?

The net profit margin of 0385 is about -0.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 0385 pay a dividend?

0385 currently shows a dividend yield of about 3.64% 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.