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0688 (0688) Fair Value & Analysis

Real Estate · Market cap HK$132B

0 0688 0688 · HK
PriceHK$12.06
Fair ValueHK$22.74
Upside+88.6%
Quality54/100
Evidence: Medium Range HK$17.06 – HK$28.43

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −21.2% over the past month.

Price vs Fair Value (12 months)

HK$16.18 HK$11.32 Fair Value HK$22.74 Jun 2025 Jun 2026

12‑month range HK$11.32 – HK$16.18 · fair‑value band HK$17.06 – HK$28.43 · the HK$12.06 price screens below the HK$22.74 fair value. As of Jul 2, 2026.

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Analysis

0688 (0688) currently trades at HK$12.06, while our model-based Fair Value estimate is HK$22.74 — implying the stock looks roughly 88.6% undervalued today. We read business quality at 54/100 (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: medium) — always confirm before acting.

Over the trailing twelve months, 0688 generated revenue of HK$168B at a net margin of 7.6%. Revenue declined 13.6% year over year. It earns a return on equity of 3.3%. Net debt stands at HK$144B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$168B
Revenue growth (YoY) -13.6%
Net margin 7.6%
Return on equity 3.3%
Free cash flow HK$9.7B FY2025
P/E ratio 9.0
More key figures
Operating margin 8.3%
EPS (TTM) HK$0.7900
Dividend yield 3.7%
EPS growth (YoY) -23.1%
Net debt HK$144B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0688 reported revenue of HK$168B in FY2025 versus HK$242B in FY2021, a compound −8.7%/yr. Reported net income was HK$12.7B in FY2025, compounding −25.0%/yr from FY2021.

Revenue −8.7%/yr
FY21 HK$242B
FY22 HK$187B
FY23 HK$203B
FY24 HK$185B
FY25 HK$168B
Net income −25.0%/yr
FY21 HK$40.2B
FY22 HK$23.3B
FY23 HK$25.6B
FY24 HK$15.6B
FY25 HK$12.7B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 146,800 VND 367,000 VND +150%
DLF Limited DLF ₹612.35 ₹215.17 -65%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,325 IDR 1,330 IDR -79%
Lodha Developers Limited LODHA ₹894.45 ₹721.45 -19%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,708 ₹2,070 +21%

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Frequently asked questions

Is 0688 (0688) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$22.74 versus a price of HK$12.06 — about +89% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 0688?
Our model-based fair value for 0688 is HK$22.74 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$12.06.
What is the quality score of 0688?
0688 has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 0688 (0688)?
0688 reported trailing-twelve-month revenue of about HK$168B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 0688?
The net profit margin of 0688 is about 7.6%, meaning it keeps roughly 7.6% of revenue as net income. Based on the latest reported figures.
Does 0688 pay a dividend?
0688 currently shows a dividend yield of about 3.68% 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.