0435 (0435) Fair Value & Analysis

Real Estate · Market cap HK$3.8B

0 0435 0435 · HK

PriceHK$2.16

Fair ValueHK$2.35

Upside+8.8%

Quality58/100

Evidence: High Range HK$1.14 – HK$3.57

Fair value as of: Jul 1, 2026

From 15 valuation models · updated today

Share price −6.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$2.04 – HK$2.66 · fair‑value band HK$1.14 – HK$3.57 · the HK$2.16 price screens below the HK$2.35 fair value. As of Jul 1, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

0435 (0435) currently trades at HK$2.16, while our model-based Fair Value estimate is HK$2.35 — implying the stock looks roughly 8.8% undervalued today. We read business quality at 58/100 (solid 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: high) — always confirm before acting.

Over the trailing twelve months, 0435 generated revenue of HK$778M at a net margin of -35.4%. Revenue declined 4.8% year over year. It earns a return on equity of -2.2%. Net debt stands at HK$4.4B. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$778M

Revenue growth (YoY) -4.8%

Net margin -35.4%

Return on equity -2.2%

Free cash flow HK$461M FY2026

Operating margin 63.0%

More key figures

EPS (TTM) HK$-0.1000

Dividend yield 8.5%

EPS growth (YoY) -68.0%

Net debt HK$4.4B FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

0435 reported revenue of HK$778M in FY2026 versus HK$803M in FY2022, a compound −0.8%/yr. Reported net income was −HK$275M in FY2026.

Revenue −0.8%/yr

FY22 HK$803M

FY23 HK$809M

FY24 HK$783M

FY25 HK$824M

FY26 HK$778M

Net income

FY22 HK$103M

FY23 −HK$28.4M

FY24 −HK$28.4M

FY25 −HK$115M

FY26 −HK$275M

Is 0435 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Graphene Manufacturing Group GMG	A$31.69	A$10.07	-68%
Goodman Group GMGSF	$21.70	$7.07	-67%
VICI Properties Inc VICI	$26.53	$41.74	+57%
W. P. Carey Inc WPC	$76.71	$50.40	-34%
Stockland STKAF	$3.00	$2.58	-14%
Charter Hall Group CTOUF	$15.42	$10.45	-32%

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks

Frequently asked questions

Is 0435 (0435) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$2.35 versus a price of HK$2.16 — about +9% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0435?

Our model-based fair value for 0435 is HK$2.35 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$2.16.

What is the quality score of 0435?

0435 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0435 (0435)?

0435 reported trailing-twelve-month revenue of about HK$778M (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0435?

The net profit margin of 0435 is about -35.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 0435 pay a dividend?

0435 currently shows a dividend yield of about 8.47% 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.