0408 (0408) Fair Value & Analysis

Basic Materials · Market cap HK$1.2B

0 0408 0408 · HK

PriceHK$2.10

Fair ValueHK$3.19

Upside+51.9%

Quality64/100

Evidence: High Range HK$2.38 – HK$4.15

Fair value as of: Jul 1, 2026

From 24 valuation models · updated today

Share price +1.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.45 – HK$2.37 · fair‑value band HK$2.38 – HK$4.15 · the HK$2.10 price screens below the HK$3.19 fair value. As of Jul 1, 2026.

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Analysis

0408 (0408) currently trades at HK$2.10, while our model-based Fair Value estimate is HK$3.19 — implying the stock looks roughly 51.9% undervalued today. We read business quality at 64/100 (solid 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: high) — always confirm before acting.

Over the trailing twelve months, 0408 generated revenue of HK$3.0B at a net margin of 4.6%. Revenue declined 2.6% year over year. It earns a return on equity of 3.4%. Net debt stands at HK$566M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$3.0B

Revenue growth (YoY) -2.6%

Net margin 4.6%

Return on equity 3.4%

Free cash flow HK$75.1M FY2025

P/E ratio 8.4

More key figures

Operating margin 4.5%

EPS (TTM) HK$0.1200

Dividend yield 7.7%

EPS growth (YoY) +14.0%

Net debt HK$566M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0408 reported revenue of HK$3.0B in FY2025 versus HK$4.0B in FY2021, a compound −7.0%/yr. Reported net income was HK$137M in FY2025, compounding −23.7%/yr from FY2021.

Revenue −7.0%/yr

FY21 HK$4.0B

FY22 HK$3.4B

FY23 HK$3.2B

FY24 HK$3.2B

FY25 HK$3.0B

Net income −23.7%/yr

FY21 HK$406M

FY22 HK$1.2B

FY23 HK$86.6M

FY24 HK$96.9M

FY25 HK$137M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Linde plc LIN	$516.71	$221.55	-57%
L'Air Liquide S.A AIQUY	$37.81	$15.56	-59%
Air Products and Chemicals, Inc A1PD34	R$360.05	R$174.71	-51%
Intercontinental Exchange, Inc I1CE34	R$359.64	R$307.76	-14%
Wanhua Chemical Group 600309	¥67.90	¥46.52	-31%
Asian Paints Limited ASIANPAINT	₹2,674	₹739.38	-72%

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Frequently asked questions

Is 0408 (0408) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$3.19 versus a price of HK$2.10 — about +52% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0408?

Our model-based fair value for 0408 is HK$3.19 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$2.10.

What is the quality score of 0408?

0408 has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0408 (0408)?

0408 reported trailing-twelve-month revenue of about HK$3.0B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0408?

The net profit margin of 0408 is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.

Does 0408 pay a dividend?

0408 currently shows a dividend yield of about 7.69% 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.