0924 (0924) Fair Value & Analysis

Industrials · Market cap HK$124M

0 0924 0924 · HK

PriceHK$0.1240

Fair ValueHK$0.0300

Upside-75.8%

Quality57/100

Evidence: Medium Range HK$0.0200 – HK$0.0400

Fair value as of: Jul 2, 2026

From 13 valuation models · updated today

Share price +27.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0800 – HK$0.4500 · fair‑value band HK$0.0200 – HK$0.0400 · the HK$0.1240 price screens above the HK$0.0300 fair value. As of Jul 2, 2026.

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Analysis

0924 (0924) currently trades at HK$0.1240, while our model-based Fair Value estimate is HK$0.0300 — implying the stock looks roughly 75.8% overvalued today. We read business quality at 57/100 (solid quality), in the Industrials 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, 0924 generated revenue of HK$51.0M at a net margin of -46.6%. Revenue declined 60.2% year over year. It earns a return on equity of -97.2%. The balance sheet holds a net cash position of HK$9.4M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$51.0M

Revenue growth (YoY) -60.2%

Net margin -46.6%

Return on equity -97.2%

Free cash flow HK$20.8M FY2025

Operating margin -124%

More key figures

EPS growth (YoY) -97.2%

Net cash HK$9.4M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0924 reported revenue of HK$77.7M in FY2025 versus HK$26.3M in FY2021, a compound +31.1%/yr. Reported net income was −HK$2.1M in FY2025.

Revenue +31.1%/yr

FY21 HK$26.3M

FY22 HK$23.1M

FY23 HK$50.6M

FY24 HK$69.5M

FY25 HK$77.7M

Net income

FY21 −HK$183K

FY22 −HK$618K

FY23 −HK$1.5M

FY24 −HK$8.9K

FY25 −HK$2.1M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Larsen & Toubro Limited LTOD	$42.70	$34.33	-20%
Samsung C&T Corporation 028260	460,500 KRW	206,212 KRW	-55%
China State Construction Engineering Corporation 601668	¥4.72	¥16.90	+258%
China Energy Engineering Corporation 601868	¥2.80	¥2.76	-1%
TopBuild Corp BLD	7,547 MXN	4,541 MXN	-40%
Shandong Xinneng Taishan Power Generation Co 000720	131,900 KRW	76,878 KRW	-42%

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Frequently asked questions

Is 0924 (0924) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0300 versus a price of HK$0.1240 — about −76% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0924?

Our model-based fair value for 0924 is HK$0.0300 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.1240.

What is the quality score of 0924?

0924 has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0924 (0924)?

0924 reported trailing-twelve-month revenue of about HK$51.0M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0924?

The net profit margin of 0924 is about -46.6%, meaning it is currently running at a net loss. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.