0868 (0868) Fair Value & Analysis

Basic Materials · Market cap HK$38.4B

0 0868 0868 · HK

PriceHK$8.53

Fair ValueHK$14.37

Upside+68.5%

Quality57/100

Evidence: High Range HK$10.65 – HK$18.10

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −12.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$6.81 – HK$11.42 · fair‑value band HK$10.65 – HK$18.10 · the HK$8.53 price screens below the HK$14.37 fair value. As of Jul 2, 2026.

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Analysis

0868 (0868) currently trades at HK$8.53, while our model-based Fair Value estimate is HK$14.37 — implying the stock looks roughly 68.5% undervalued today. We read business quality at 57/100 (solid quality), in the Basic Materials 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, 0868 generated revenue of HK$20.8B at a net margin of 13.1%. Revenue declined 3.8% year over year. It earns a return on equity of 7.7%. Net debt stands at HK$2.3B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$20.8B

Revenue growth (YoY) -3.8%

Net margin 13.1%

Return on equity 7.7%

Free cash flow HK$4.4B FY2025

P/E ratio 12.0

More key figures

Operating margin 16.4%

EPS (TTM) HK$0.2300

Dividend yield 3.6%

EPS growth (YoY) +94.1%

Net debt HK$2.3B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0868 reported revenue of HK$23.2B in FY2025 versus HK$30.5B in FY2021, a compound −6.6%/yr. Reported net income was HK$3.0B in FY2025, compounding −28.4%/yr from FY2021.

Revenue −6.6%/yr

FY21 HK$30.5B

FY22 HK$25.7B

FY23 HK$26.8B

FY24 HK$23.8B

FY25 HK$23.2B

Net income −28.4%/yr

FY21 HK$11.6B

FY22 HK$5.1B

FY23 HK$5.4B

FY24 HK$3.6B

FY25 HK$3.0B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
CRH plc CRH	$99.98	$57.88	-42%
Holcim AG HCMLY	$19.20	$8.68	-55%
Heidelberg Materials AG HEI	€183.70	€168.14	-8%
Vulcan Materials Company VMC	$272.67	$117.03	-57%
Martin Marietta Materials, Inc MLM	$575.83	$135.46	-76%
UltraTech Cement Limited ULTRACEMCO	₹10,912	₹4,589	-58%

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Frequently asked questions

Is 0868 (0868) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$14.37 versus a price of HK$8.53 — about +68% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0868?

Our model-based fair value for 0868 is HK$14.37 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$8.53.

What is the quality score of 0868?

0868 has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0868 (0868)?

0868 reported trailing-twelve-month revenue of about HK$20.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0868?

The net profit margin of 0868 is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.

Does 0868 pay a dividend?

0868 currently shows a dividend yield of about 3.59% 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.