0934 (0934) Fair Value & Analysis

Energy · Market cap HK$8.7B

0 0934 0934 · HK

PriceHK$3.51

Fair ValueHK$1.08

Upside-69.2%

Quality57/100

Evidence: High Range HK$0.8800 – HK$1.43

Fair value as of: Jul 2, 2026

From 22 valuation models · updated today

Share price −3.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$3.51 – HK$4.43 · fair‑value band HK$0.8800 – HK$1.43 · the HK$3.51 price screens above the HK$1.08 fair value. As of Jul 2, 2026.

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Analysis

0934 (0934) currently trades at HK$3.51, while our model-based Fair Value estimate is HK$1.08 — implying the stock looks roughly 69.2% overvalued today. We read business quality at 57/100 (solid quality), in the Energy 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: high).

Trailing-twelve-month revenue stands at HK$659M. Revenue grew 4.6% year over year. It earns a return on equity of 6.3%. The balance sheet holds a net cash position of HK$389M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$659M

Revenue growth (YoY) +4.6%

Net margin 156%

Return on equity 6.3%

Free cash flow HK$204M FY2025

P/E ratio 8.6

More key figures

Operating margin 22.8%

EPS (TTM) HK$0.2300

Dividend yield 6.9%

EPS growth (YoY) -5.5%

Net cash HK$389M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0934 reported revenue of HK$659M in FY2025 versus HK$637M in FY2021, a compound +0.9%/yr. Reported net income was HK$1.0B in FY2025, compounding −0.5%/yr from FY2021.

Revenue +0.9%/yr

FY21 HK$637M

FY22 HK$616M

FY23 HK$610M

FY24 HK$667M

FY25 HK$659M

Net income −0.5%/yr

FY21 HK$1.1B

FY22 HK$435M

FY23 HK$1.3B

FY24 HK$1.2B

FY25 HK$1.0B

Is 0934 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Enbridge Inc ENB	$54.80	$37.24	-32%
The Williams Companies, Inc WMB	$75.79	$12.03	-84%
Enterprise Products Partners L.P. EPD	$37.25	$15.66	-58%
TC Energy Corporation TRP	$68.78	$34.72	-50%
Kinder Morgan, Inc KMI	$32.25	$14.27	-56%
Energy Transfer LP, ET	$19.22	$17.69	-8%

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Frequently asked questions

Is 0934 (0934) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.08 versus a price of HK$3.51 — about −69% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 0934?

Our model-based fair value for 0934 is HK$1.08 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$3.51.

What is the quality score of 0934?

0934 has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0934 (0934)?

0934 reported trailing-twelve-month revenue of about HK$659M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0934?

The net profit margin of 0934 is about 156.1%, meaning it keeps roughly 156.1% of revenue as net income. Based on the latest reported figures.

Does 0934 pay a dividend?

0934 currently shows a dividend yield of about 6.89% 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.