0686 (0686) Fair Value & Analysis

Utilities · Market cap HK$1.8B

0 0686 0686 · HK

PriceHK$0.8100

Fair ValueHK$0.8678

Upside+7.1%

Quality43/100

Evidence: Medium Range HK$0.2360 – HK$1.10

Fair value as of: Jul 2, 2026

From 13 valuation models · updated today

Share price −9.7% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.7700 – HK$1.37 · fair‑value band HK$0.2360 – HK$1.10 · the HK$0.8100 price screens below the HK$0.8678 fair value. As of Jul 2, 2026.

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Analysis

0686 (0686) currently trades at HK$0.8100, while our model-based Fair Value estimate is HK$0.8678 — implying the stock looks roughly 7.1% undervalued today. We read business quality at 43/100 (below-average quality), in the Utilities 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, 0686 generated revenue of HK$7.7B at a net margin of -2.1%. Revenue declined 2.4% year over year. It earns a return on equity of 0.1%. Net debt stands at HK$75.6B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$7.7B

Revenue growth (YoY) -2.4%

Net margin -2.1%

Return on equity 0.1%

Free cash flow HK$2.2B FY2025

Operating margin 21.7%

More key figures

EPS (TTM) HK$0.0800

Dividend yield 8.9%

EPS growth (YoY) +433%

Net debt HK$75.6B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0686 reported revenue of HK$7.7B in FY2025 versus HK$2.8B in FY2021, a compound +28.6%/yr. Reported net income was −HK$159M in FY2025.

Revenue +28.6%/yr

FY21 HK$2.8B

FY22 HK$4.1B

FY23 HK$5.6B

FY24 HK$7.0B

FY25 HK$7.7B

Net income

FY21 HK$564M

FY22 HK$269M

FY23 HK$42.0M

FY24 HK$86.0M

FY25 −HK$159M

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Similar stocks

6 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 2, 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 0686 (0686) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.8678 versus a price of HK$0.8100 — about +7% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0686?

Our model-based fair value for 0686 is HK$0.8678 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.8100.

What is the quality score of 0686?

0686 has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0686 (0686)?

0686 reported trailing-twelve-month revenue of about HK$7.7B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0686?

The net profit margin of 0686 is about -2.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 0686 pay a dividend?

0686 currently shows a dividend yield of about 8.89% 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.