0623 (0623) Fair Value & Analysis

Communication Services · Market cap HK$884M

0 0623 0623 · HK

PriceHK$1.92

Fair ValueHK$3.33

Upside+73.4%

Quality56/100

Evidence: High Range HK$2.33 – HK$3.48

Fair value as of: Jul 2, 2026

From 22 valuation models · updated today

Share price −1.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.66 – HK$2.59 · fair‑value band HK$2.33 – HK$3.48 · the HK$1.92 price screens below the HK$3.33 fair value. As of Jul 2, 2026.

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Analysis

0623 (0623) currently trades at HK$1.92, while our model-based Fair Value estimate is HK$3.33 — implying the stock looks roughly 73.4% 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: high) — always confirm before acting.

Over the trailing twelve months, 0623 generated revenue of HK$382M at a net margin of 20.9%. Revenue declined 28.8% year over year. It earns a return on equity of 4.2%. The balance sheet holds a net cash position of HK$316M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$382M

Revenue growth (YoY) -28.8%

Net margin 20.9%

Return on equity 4.2%

Free cash flow HK$32.3M FY2025

P/E ratio 9.6

More key figures

Operating margin 24.7%

EPS (TTM) HK$0.0700

Dividend yield 5.1%

EPS growth (YoY) -40.1%

Net cash HK$316M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0623 reported revenue of HK$382M in FY2025 versus HK$1.2B in FY2021, a compound −24.6%/yr. Reported net income was HK$80.0M in FY2025, compounding +21.2%/yr from FY2021.

Revenue −24.6%/yr

FY21 HK$1.2B

FY22 HK$719M

FY23 HK$760M

FY24 HK$613M

FY25 HK$382M

Net income +21.2%/yr

FY21 HK$37.1M

FY22 HK$41.4M

FY23 HK$96.8M

FY24 HK$107M

FY25 HK$80.0M

Is 0623 fairly valued? → Check now

Similar stocks

6 more Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
AppLovin Corporation APP	$492.98	$253.58	-49%
Publicis Groupe S.A PGPEF	$103.00	$156.98	+52%
Omnicom Group OMC	$72.55	$124.48	+72%
Focus Media Information Technology Co 002027	¥5.39	¥3.34	-38%
The Trade Desk, Inc TT8	€17.05	€18.89	+11%
BlueFocus Intelligent Communications Group 300058	¥14.75	¥2.11	-86%

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Frequently asked questions

Is 0623 (0623) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$3.33 versus a price of HK$1.92 — about +73% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0623?

Our model-based fair value for 0623 is HK$3.33 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.92.

What is the quality score of 0623?

0623 has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0623 (0623)?

0623 reported trailing-twelve-month revenue of about HK$382M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0623?

The net profit margin of 0623 is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. Based on the latest reported figures.

Does 0623 pay a dividend?

0623 currently shows a dividend yield of about 5.05% relative to its recent price (as of Jul 2, 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.