0423 (0423) Fair Value & Analysis

Communication Services · Market cap HK$302M

0 0423 0423 · HK

PriceHK$0.7000

Fair ValueHK$0.9500

Upside+35.7%

Quality56/100

Evidence: Low Range HK$0.8700 – HK$1.06

Fair value as of: Jul 1, 2026

From 3 valuation models · updated today

Share price −5.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.6505 – HK$0.8256 · fair‑value band HK$0.8700 – HK$1.06 · the HK$0.7000 price screens below the HK$0.9500 fair value. As of Jul 1, 2026.

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Analysis

0423 (0423) currently trades at HK$0.7000, while our model-based Fair Value estimate is HK$0.9500 — implying the stock looks roughly 35.7% undervalued today. We read business quality at 56/100 (solid quality), in the Communication Services 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, 0423 generated revenue of HK$721M at a net margin of -6.0%. Revenue declined 10.1% year over year. It earns a return on equity of -5.4%. The balance sheet holds a net cash position of HK$219M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$721M

Revenue growth (YoY) -10.1%

Net margin -6.0%

Return on equity -5.4%

Free cash flow −HK$31.0M FY2025

Operating margin -4.0%

More key figures

EPS (TTM) HK$-0.0500

Dividend yield 10.1%

EPS growth (YoY) +51.6%

Net cash HK$219M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

0423 reported revenue of HK$721M in FY2026 versus HK$1.0B in FY2022, a compound −8.8%/yr. Reported net income was −HK$43.0M in FY2026.

Revenue −8.8%/yr

FY22 HK$1.0B

FY23 HK$1.0B

FY24 HK$924M

FY25 HK$804M

FY26 HK$721M

Net income

FY22 HK$33.0M

FY23 HK$27.5M

FY24 HK$54.2M

FY25 −HK$35.7M

FY26 −HK$43.0M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Informa plc IFPJF	$11.23	$8.35	-26%
The New York Times Company NYT	$73.00	$44.89	-39%
Pearson plc PSORF	$14.80	$15.04	+2%
SPG SPG	€19.36	€30.50	+58%
Jiangsu Phoenix Publishing & Media Corporation 601928	¥9.32	¥9.23	-1%
China South Publishing & Media Group 601098	¥10.81	¥11.21	+4%

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Frequently asked questions

Is 0423 (0423) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.9500 versus a price of HK$0.7000 — about +36% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0423?

Our model-based fair value for 0423 is HK$0.9500 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.7000.

What is the quality score of 0423?

0423 has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0423 (0423)?

0423 reported trailing-twelve-month revenue of about HK$721M (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0423?

The net profit margin of 0423 is about -6.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 0423 pay a dividend?

0423 currently shows a dividend yield of about 10.14% 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.