0432 (0432) Fair Value & Analysis

Real Estate · Market cap HK$444M

0 0432 0432 · HK

PriceHK$0.2180

Fair ValueHK$0.5450

Upside+150.0%

Quality45/100

Evidence: Medium Range HK$0.2980 – HK$0.7590

Fair value as of: Jul 1, 2026

From 9 valuation models · updated today

Share price −12.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1880 – HK$0.3600 · fair‑value band HK$0.2980 – HK$0.7590 · the HK$0.2180 price screens below the HK$0.5450 fair value. As of Jul 1, 2026.

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Analysis

0432 (0432) currently trades at HK$0.2180, while our model-based Fair Value estimate is HK$0.5450 — implying the stock looks roughly 150.0% undervalued today. We read business quality at 45/100 (below-average quality), in the Real Estate 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, 0432 generated revenue of HK$1.0B at a net margin of -6.6%. Revenue grew 35.0% year over year. Net debt stands at HK$8.5B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$1.0B

Revenue growth (YoY) +35.0%

Net margin -6.6%

Return on equity -355%

Free cash flow −HK$406M FY2025

Operating margin 9.4%

More key figures

EPS (TTM) HK$-0.1200

Net debt HK$8.5B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0432 reported revenue of HK$1.0B in FY2025 versus HK$467M in FY2021, a compound +22.3%/yr. Reported net income was −HK$69.0M in FY2025.

Revenue +22.3%/yr

FY21 HK$467M

FY22 HK$561M

FY23 HK$822M

FY24 HK$901M

FY25 HK$1.0B

Net income

FY21 −HK$825M

FY22 −HK$598M

FY23 −HK$466M

FY24 −HK$230M

FY25 −HK$69.0M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Vingroup Joint Stock Company VIC	219,800 VND	33,299 VND	-85%
CBRE Group CBRE	$127.86	$81.43	-36%
1209 1209	HK$36.68	HK$34.70	-5%
Plaza S.A MALLPLAZA	3,800 CLP	5,905 CLP	+55%
SAGAB SAGAB	kr 148.00	kr 174.10	+18%
SAGAA SAGAA	kr 147.00	kr 108.52	-26%

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Frequently asked questions

Is 0432 (0432) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.5450 versus a price of HK$0.2180 — about +150% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0432?

Our model-based fair value for 0432 is HK$0.5450 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.2180.

What is the quality score of 0432?

0432 has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0432 (0432)?

0432 reported trailing-twelve-month revenue of about HK$1.0B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0432?

The net profit margin of 0432 is about -6.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.