0778 (0778) Fair Value & Analysis

Real Estate · Market cap HK$9.1B

0 0778 0778 · HK

PriceHK$4.40

Fair ValueHK$4.22

Upside-4.1%

Quality55/100

Evidence: Medium Range HK$1.98 – HK$6.46

Fair value as of: Jul 2, 2026

From 13 valuation models · updated today

Share price −8.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$4.40 – HK$5.26 · fair‑value band HK$1.98 – HK$6.46 · the HK$4.40 price screens above the HK$4.22 fair value. As of Jul 2, 2026.

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Analysis

0778 (0778) currently trades at HK$4.40, while our model-based Fair Value estimate is HK$4.22 — implying the stock looks roughly 4.1% overvalued today. We read business quality at 55/100 (solid quality), in the Real Estate 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: medium).

Over the trailing twelve months, 0778 generated revenue of HK$1.7B at a net margin of -68.8%. Revenue declined 5.3% year over year. It earns a return on equity of -4.5%. Net debt stands at HK$9.8B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.7B

Revenue growth (YoY) -5.3%

Net margin -68.8%

Return on equity -4.5%

Free cash flow HK$703M FY2025

Operating margin 62.4%

More key figures

EPS (TTM) HK$-0.3200

Dividend yield 7.8%

EPS growth (YoY) -28.9%

Net debt HK$9.8B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0778 reported revenue of HK$1.7B in FY2025 versus HK$1.8B in FY2021, a compound −1.8%/yr. Reported net income was −HK$1.2B in FY2025.

Revenue −1.8%/yr

FY21 HK$1.8B

FY22 HK$1.8B

FY23 HK$1.8B

FY24 HK$1.7B

FY25 HK$1.7B

Net income

FY21 HK$1.3B

FY22 HK$503M

FY23 −HK$155M

FY24 −HK$519M

FY25 −HK$1.2B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Simon Property Group SPG	$222.15	$86.11	-61%
Realty Income Corporation O	1,055 MXN	664.56 MXN	-37%
Unibail-Rodamco-Westfield SE UNBLF	$117.90	$115.29	-2%
Kimco Realty Corporation KIM	$24.38	$12.65	-48%
Scentre Group STGPF	$2.65	$2.31	-13%
CapitaLand Integrated Commercial Trust (CICT or the Trust) CPAMF	$1.86	$1.07	-42%

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Frequently asked questions

Is 0778 (0778) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$4.22 versus a price of HK$4.40 — about −4% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0778?

Our model-based fair value for 0778 is HK$4.22 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$4.40.

What is the quality score of 0778?

0778 has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0778 (0778)?

0778 reported trailing-twelve-month revenue of about HK$1.7B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0778?

The net profit margin of 0778 is about -68.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 0778 pay a dividend?

0778 currently shows a dividend yield of about 7.84% 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.