0451 (0451) Fair Value & Analysis

Utilities · Market cap HK$1.5B

0 0451 0451 · HK

PriceHK$0.8600

Fair ValueHK$0.2900

Upside-66.3%

Quality38/100

Evidence: Low Range HK$0.1100 – HK$0.4700

Fair value as of: Jul 1, 2026

From 7 valuation models · updated today

Share price −9.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.3850 – HK$1.72 · fair‑value band HK$0.1100 – HK$0.4700 · the HK$0.8600 price screens above the HK$0.2900 fair value. As of Jul 1, 2026.

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Analysis

0451 (0451) currently trades at HK$0.8600, while our model-based Fair Value estimate is HK$0.2900 — implying the stock looks roughly 66.3% overvalued today. We read business quality at 38/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at HK$1.1B. Revenue declined 33.2% year over year. It earns a return on equity of -25.6%. Net debt stands at HK$552M. Fundamentals as of Jul 1, 2026

Key figures & financial health

Revenue (TTM) HK$1.1B

Revenue growth (YoY) -33.2%

Net margin -126%

Return on equity -25.6%

Free cash flow HK$71.0M FY2025

Operating margin -18.1%

More key figures

EPS (TTM) HK$-0.2300

EPS growth (YoY) +15.5%

Net debt HK$552M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0451 reported revenue of HK$1.0B in FY2025 versus HK$2.8B in FY2021, a compound −22.3%/yr. Reported net income was −HK$1.1B in FY2025.

Revenue −22.3%/yr

FY21 HK$2.8B

FY22 HK$929M

FY23 HK$832M

FY24 HK$1.1B

FY25 HK$1.0B

Net income

FY21 −HK$790M

FY22 −HK$1.5B

FY23 −HK$1.2B

FY24 −HK$424M

FY25 −HK$1.1B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
China Yangtze Power Co 600900	¥27.69	¥19.99	-28%
Ørsted A/S, ORSTED	kr 151.75	kr 33.25	-78%
Huaneng Lancang River Hydropower Inc 600025	¥9.73	¥2.95	-70%
Adani Green Energy Limited ADANIGREEN	₹1,550	₹170.50	-89%
AXIA Energia SA AXIAP	$10.74	$9.67	-10%
VERBUND AG OEWA	€58.65	€82.41	+41%

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Frequently asked questions

Is 0451 (0451) undervalued?

As of Jul 1, 2026, our model estimates a fair value of HK$0.2900 versus a price of HK$0.8600 — about −66% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0451?

Our model-based fair value for 0451 is HK$0.2900 (as of Jul 1, 2026), built from audited fundamentals. The current price is HK$0.8600.

What is the quality score of 0451?

0451 has a Quality Score of 38/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0451 (0451)?

0451 reported trailing-twelve-month revenue of about HK$1.1B (latest available figure, as of Jul 1, 2026).

What is the net profit margin of 0451?

The net profit margin of 0451 is about -126.1%, 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.