0392 (0392) Fair Value & Analysis

Industrials · Market cap HK$33.8B

0 0392 0392 · HK

PriceHK$26.88

Fair ValueHK$53.76

Upside+100.0%

Quality48/100

Evidence: Medium Range HK$40.32 – HK$67.20

Fair value as of: Jul 1, 2026

From 26 valuation models · updated today

Share price −10.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$26.88 – HK$35.58 · fair‑value band HK$40.32 – HK$67.20 · the HK$26.88 price screens below the HK$53.76 fair value. As of Jul 1, 2026.

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Analysis

0392 (0392) currently trades at HK$26.88, while our model-based Fair Value estimate is HK$53.76 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 48/100 (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, 0392 generated revenue of HK$87.2B at a net margin of 5.8%. Revenue grew 2.3% year over year. It earns a return on equity of 6.6%. Net debt stands at HK$53.8B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$87.2B

Revenue growth (YoY) +2.3%

Net margin 5.8%

Return on equity 6.6%

Free cash flow HK$1.9B FY2025

P/E ratio 5.8

More key figures

Operating margin 0.2%

EPS (TTM) HK$2.71

Dividend yield 5.3%

EPS growth (YoY) -16.3%

Net debt HK$53.8B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0392 reported revenue of HK$97.1B in FY2025 versus HK$80.5B in FY2021, a compound +4.8%/yr. Reported net income was HK$5.6B in FY2025, compounding −13.2%/yr from FY2021.

Revenue +4.8%/yr

FY21 HK$80.5B

FY22 HK$92.3B

FY23 HK$90.6B

FY24 HK$91.1B

FY25 HK$97.1B

Net income −13.2%/yr

FY21 HK$9.9B

FY22 HK$7.4B

FY23 HK$6.1B

FY24 HK$5.6B

FY25 HK$5.6B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Honeywell International Inc HON	C$25.91	C$14.79	-43%
Hitachi, Ltd HTHIY	$30.12	$23.57	-22%
CITIC Limited 0267	HK$12.87	HK$21.98	+71%
0019 0019	HK$81.70	HK$13.77	-83%
CK Hutchison Holdings 0001	HK$68.50	HK$141.53	+107%
Itaúsa S.A ITSA3	R$12.65	R$12.63	-0%

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Frequently asked questions

Is 0392 (0392) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$53.76 versus a price of HK$26.88 — about +100% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0392?

Our model-based fair value for 0392 is HK$53.76 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$26.88.

What is the quality score of 0392?

0392 has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0392 (0392)?

0392 reported trailing-twelve-month revenue of about HK$87.2B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0392?

The net profit margin of 0392 is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.

Does 0392 pay a dividend?

0392 currently shows a dividend yield of about 5.28% 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.