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China Unicom (Hong Kong) Limited (0762) Fair Value & Analysis

Communication Services · HK · Market cap HK$199B

CU China Unicom (Hong Kong) Limited 0762 · HK
PriceHK$6.49
Fair ValueHK$13.03
Upside+100.9%
Quality48/100
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Mixed Growth
Thin margins · 5.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/15)
Narrow moat 36/100
Evidence: High Range HK$9.77 – HK$16.29 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 21 days ago

Fair value updated Jul 17, 2026, revised from HK$11.27 to HK$13.03 (+15.6%) since Jun 25, 2026. Share price +4.9% over the past month.

Below-average quality, screening 101% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$9.77). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$10.09 HK$2.73 Fair Value HK$13.03 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range HK$2.73 – HK$10.09 · fair‑value band HK$9.77 – HK$16.29 · the HK$6.49 price screens below the HK$13.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

China Unicom (Hong Kong) Limited (0762) currently trades at HK$6.49, while our model-based Fair Value estimate is HK$13.03, implying the stock looks roughly 100.9% undervalued today. We read business quality at 48/100 (below-average 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, China Unicom (Hong Kong) Limited generated revenue of HK$392B at a net margin of 5.1%. Revenue declined 0.5% year over year. It earns a return on equity of 5.7%. The balance sheet holds a net cash position of HK$12.7B. Fundamentals as of Jul 17, 2026

Our scenario range runs from HK$9.77 (bear case) to HK$16.29 (bull case); at HK$6.49, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 101%, 0762 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF HK$9.92 HK$14.07 HK$20.03 80
Residual Income HK$9.44 HK$9.72 HK$9.66 76
Rev-Margin DCF HK$7.67 HK$11.00 HK$14.87 74
All 26 models by family
DCF Models
FCF DCF HK$9.78 HK$14.48 HK$21.66 38
Owner Earnings HK$13.84 HK$20.82 HK$31.48 31
5Y Revenue Exit HK$7.67 HK$10.95 HK$15.06 39
5Y EBITDA Exit HK$22.62 HK$38.97 HK$58.24 41
5Y P/E Exit HK$10.09 HK$15.48 HK$21.13 38
10Y Revenue Exit HK$8.19 HK$11.36 HK$15.53 36
10Y EBITDA Exit HK$17.89 HK$30.84 HK$48.53 37
10Y P/E Exit HK$9.90 HK$14.52 HK$20.16 35
Earnings-Based
Graham-Dodd HK$4.51 HK$14.13 HK$18.80 54
Lynch FV HK$3.08 HK$4.41 HK$5.73 50
PEG = 1.0 HK$3.08 HK$4.41 HK$5.73 46
EPV HK$5.66 HK$6.37 HK$6.99 59
Dividend Discount
Gordon GGM HK$4.04 HK$8.41 HK$13.33 70
DDM Multi-Stage HK$4.04 HK$6.71 HK$8.82 61
Multiples
P/E Multiple HK$9.94 HK$13.25 HK$16.57 63
P/S Multiple HK$8.45 HK$11.27 HK$14.08 58
P/B Multiple HK$8.45 HK$11.27 HK$14.08 55
EV/EBIT HK$9.39 HK$12.06 HK$14.72 53
EV/EBITDA HK$32.93 HK$43.44 HK$53.95 54
EV/Revenue HK$6.79 HK$9.10 HK$11.40 43
Asset-Based
NCAV (Graham) HK$6.02 HK$8.07 HK$12.04 50
Growth DCF
Growth DCF HK$9.92 HK$14.07 HK$20.03 80
Rev-Margin DCF HK$7.67 HK$11.00 HK$14.87 74
Economic Profit
Residual Income HK$9.44 HK$9.72 HK$9.66 76
ROIC Compounder HK$5.66 HK$6.37 HK$6.99 72
Growth Earnings
Growth-Adj P/E HK$8.28 HK$11.83 HK$15.38 68

Widest divergence: DCF Models (HK$14.52) versus Earnings-Based (HK$4.41). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$392B
Revenue growth (YoY) -0.5%
Net margin 5.1%
Return on equity 5.7%
Free cash flow HK$22.5B FY2025
P/E ratio 8.3
More key figures
Operating margin 4.2%
EPS (TTM) HK$0.4600
EPS growth (YoY) -49.0%
Net cash HK$12.7B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 53 · Market factors (momentum, volatility) 37

Profitability 33
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

China Unicom (Hong Kong) Limited, an investment holding company, provides telecommunications and related value-added services in the People's Republic of China. It also provides broadband, short message and multimedia message, mobile data, data and internet application, and information communications technology services.

Full company description

China Unicom (Hong Kong) Limited, an investment holding company, provides telecommunications and related value-added services in the People's Republic of China. It also provides broadband, short message and multimedia message, mobile data, data and internet application, and information communications technology services. In addition, the company offers communications technology training, technical, and internet information and value-added telecommunications services; telecommunications network construction, maintenance, and technical services; and consultancy, survey, design, engineering procurement, and contract services relating to information and construction projects. Further, it provides customer, project consultation and monitoring, project bidding agency, property, e-payment, venture capital investment, technology development and promotion, investment, auto informatisation, financial, consultation, internet data and security, 5G communications technology, AI industry application, internet connection and related, cloud computing, data processing, and tourism and information services; advertising design, production, agency, and publication services; information and system integration services; technology development, transfer, and consulting services; and technology promotion service of intelligent transportation system's products. Additionally, the company offers technological research and development of TV and mobile video; internet of things technology services; software development services; television broadcasting and satellite transmission services; and big data, and cloud computation and infrastructure services. It also provides finance leasing; and data analysis, processing, and application services, as well as sells handsets and telecommunication equipment. The company was incorporated in 2000 and is based in Central, Hong Kong. China Unicom (Hong Kong) Limited operates as a subsidiary of China Unicom (BVI) Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Unicom (Hong Kong) Limited reported revenue of HK$382B in FY2025 versus HK$328B in FY2021, a compound +3.9%/yr. Reported net income was HK$20.3B in FY2025, compounding +9.0%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$382B
Latest YoY
−1.9%
Avg. growth/yr (3Y)
+2.5%
Avg. growth/yr (5Y)
+4.7%
Avg. growth/yr (26Y)
+12.6%
Revenue +3.9%/yr
FY21 HK$328B
FY22 HK$355B
FY23 HK$373B
FY24 HK$390B
FY25 HK$382B
Net income +9.0%/yr
FY21 HK$14.4B
FY22 HK$16.7B
FY23 HK$18.7B
FY24 HK$20.6B
FY25 HK$20.3B

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Cite: Fair Value Calculator (2026). "China Unicom (Hong Kong) Limited Fair Value". https://www.fairvalue-calculator.com/stock/0762

Earlier news

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

Peer Group

Telecom Services · 252 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside +101% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 2% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than 75% of peers
P/B 0.54× · Cheaper than 75% of peers
P/S (TTM) 0.51× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median
EV/EBITDA 1.8× · Cheaper than 75% of peers
PEG 2.39× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 29
FUTURE 0 · sector 15
PAST 23 · sector 28
HEALTH 99 · sector 89
DIVIDEND 0 · sector 73

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%
TLKM TLKM 2,530 IDR 3,898 IDR +54%

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Frequently asked questions

Is China Unicom (Hong Kong) Limited (0762) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of HK$13.03 versus a price of HK$6.49, about +101% (undervalued).
What is the fair value of 0762?
Our model-based fair value for China Unicom (Hong Kong) Limited is HK$13.03 (as of Jul 17, 2026), built from audited fundamentals. The current price is HK$6.49.
What is the quality score of 0762?
China Unicom (Hong Kong) Limited has a Quality Score of 48/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of China Unicom (Hong Kong) Limited (0762)?
China Unicom (Hong Kong) Limited reported trailing-twelve-month revenue of about HK$392B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 0762?
The net profit margin of China Unicom (Hong Kong) Limited is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. 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.

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