0929 (0929) Fair Value & Analysis

Industrials · Market cap HK$663M

0 0929 0929 · HK

PriceHK$0.6300

Fair ValueHK$0.2300

Upside-63.5%

Quality57/100

Evidence: Medium Range HK$0.1700 – HK$0.2800

Fair value as of: Jul 2, 2026

From 12 valuation models · updated today

Share price −9.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.3951 – HK$1.21 · fair‑value band HK$0.1700 – HK$0.2800 · the HK$0.6300 price screens above the HK$0.2300 fair value. As of Jul 2, 2026.

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Analysis

0929 (0929) currently trades at HK$0.6300, while our model-based Fair Value estimate is HK$0.2300 — implying the stock looks roughly 63.5% 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, 0929 generated revenue of HK$1.1B at a net margin of 1.1%. Revenue grew 18.0% year over year. It earns a return on equity of 1.7%. The balance sheet holds a net cash position of HK$260M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.1B

Revenue growth (YoY) +18.0%

Net margin 1.1%

Return on equity 1.7%

Free cash flow −HK$10.2M FY2025

P/E ratio 63.0

More key figures

Operating margin 3.8%

Dividend yield 5.0%

EPS growth (YoY) +11.7%

Net cash HK$260M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0929 reported revenue of HK$1.1B in FY2025 versus HK$1.0B in FY2021, a compound +1.3%/yr. Reported net income was HK$11.4M in FY2025, compounding −38.8%/yr from FY2021.

Revenue +1.3%/yr

FY21 HK$1.0B

FY22 HK$963M

FY23 HK$899M

FY24 HK$1.0B

FY25 HK$1.1B

Net income −38.8%/yr

FY21 HK$81.4M

FY22 HK$8.7M

FY23 HK$5.7M

FY24 HK$10.6M

FY25 HK$11.4M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
ATI Inc ATI	$181.10	$35.16	-81%
Carpenter Technology Corporation CRS	$492.62	$82.57	-83%
Mueller Industries, Inc MLI	$139.51	$120.61	-14%
Aurubis AG NDA	€182.60	€102.56	-44%
Commercial Metals Company CMC	$73.57	$28.97	-61%
China International Marine Containers (Group) Co 000039	¥8.98	¥6.57	-27%

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Frequently asked questions

Is 0929 (0929) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.2300 versus a price of HK$0.6300 — about −63% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0929?

Our model-based fair value for 0929 is HK$0.2300 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.6300.

What is the quality score of 0929?

0929 has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0929 (0929)?

0929 reported trailing-twelve-month revenue of about HK$1.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0929?

The net profit margin of 0929 is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.

Does 0929 pay a dividend?

0929 currently shows a dividend yield of about 5.00% 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.