0390 (0390) Fair Value & Analysis

Industrials · Market cap HK$81.7B

0 0390 0390 · HK

PriceHK$3.31

Fair ValueHK$5.29

Upside+59.8%

Quality36/100

Evidence: Medium Range HK$3.42 – HK$6.61

Fair value as of: Jul 1, 2026

From 16 valuation models · updated today

Share price −5.7% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$3.31 – HK$5.17 · fair‑value band HK$3.42 – HK$6.61 · the HK$3.31 price screens below the HK$5.29 fair value. As of Jul 1, 2026.

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Analysis

0390 (0390) currently trades at HK$3.31, while our model-based Fair Value estimate is HK$5.29 — implying the stock looks roughly 59.8% undervalued today. We read business quality at 36/100 (below-average quality), in the Industrials 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, 0390 generated revenue of HK$1.1T at a net margin of 2.0%. Revenue declined 5.4% year over year. It earns a return on equity of 4.7%. Net debt stands at HK$267B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$1.1T

Revenue growth (YoY) -5.4%

Net margin 2.0%

Return on equity 4.7%

Free cash flow −HK$31.5B FY2025

P/E ratio 3.7

More key figures

Operating margin 3.8%

EPS (TTM) HK$0.6600

Dividend yield 5.1%

EPS growth (YoY) -27.8%

Net debt HK$267B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0390 reported revenue of HK$1.1T in FY2025 versus HK$1.1T in FY2021, a compound +0.5%/yr. Reported net income was HK$22.9B in FY2025, compounding −4.6%/yr from FY2021.

Revenue +0.5%/yr

FY21 HK$1.1T

FY22 HK$1.2T

FY23 HK$1.3T

FY24 HK$1.2T

FY25 HK$1.1T

Net income −4.6%/yr

FY21 HK$27.6B

FY22 HK$31.3B

FY23 HK$33.5B

FY24 HK$27.9B

FY25 HK$22.9B

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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	$0.4415	$0.5700	+29%
Samsung C&T Corporation 028260	520,000 KRW	268,469 KRW	-48%
China State Construction Engineering Corporation 601668	¥4.65	¥17.35	+273%
China Energy Engineering Corporation 601868	¥2.65	¥2.14	-19%
TopBuild Corp BLD	7,547 MXN	324.01 MXN	-96%
Shandong Xinneng Taishan Power Generation Co 000720	115,100 KRW	64,227 KRW	-44%

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Frequently asked questions

Is 0390 (0390) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$5.29 versus a price of HK$3.31 — about +60% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0390?

Our model-based fair value for 0390 is HK$5.29 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$3.31.

What is the quality score of 0390?

0390 has a Quality Score of 36/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0390 (0390)?

0390 reported trailing-twelve-month revenue of about HK$1.1T (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0390?

The net profit margin of 0390 is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.

Does 0390 pay a dividend?

0390 currently shows a dividend yield of about 5.05% 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.