0938 (0938) Fair Value & Analysis

Real Estate · Market cap HK$275M

0 0938 0938 · HK

PriceHK$0.4250

Fair ValueHK$0.5500

Upside+29.4%

Quality35/100

Evidence: Low Range HK$0.3100 – HK$0.7600

Fair value as of: Jul 2, 2026

From 3 valuation models · updated today

Share price −5.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2650 – HK$0.7900 · fair‑value band HK$0.3100 – HK$0.7600 · the HK$0.4250 price screens below the HK$0.5500 fair value. As of Jul 2, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

0938 (0938) currently trades at HK$0.4250, while our model-based Fair Value estimate is HK$0.5500 — implying the stock looks roughly 29.4% undervalued today. We read business quality at 35/100 (below-average quality), in the Real Estate 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: low) — always confirm before acting.

Over the trailing twelve months, 0938 generated revenue of HK$133M at a net margin of 28.9%. Revenue declined 10.3% year over year. Net debt stands at HK$3.1B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$133M

Revenue growth (YoY) -10.3%

Net margin 28.9%

Free cash flow −HK$6.0M FY2025

Operating margin 13.6%

EPS (TTM) HK$-0.6600

More key figures

Net debt HK$3.1B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0938 reported revenue of HK$138M in FY2025 versus HK$159M in FY2021, a compound −3.4%/yr. Reported net income was −HK$592M in FY2025.

Revenue −3.4%/yr

FY21 HK$159M

FY22 HK$117M

FY23 HK$137M

FY24 HK$127M

FY25 HK$138M

Net income

FY21 −HK$522M

FY22 −HK$372M

FY23 −HK$483M

FY24 −HK$552M

FY25 −HK$592M

Is 0938 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Vingroup Joint Stock Company VIC	196,000 VND	52,975 VND	-73%
CBRE Group CBRE	$133.21	$69.47	-48%
1209 1209	HK$36.68	HK$34.70	-5%
Plaza S.A MALLPLAZA	3,830 CLP	5,905 CLP	+54%
SAGAB SAGAB	kr 147.00	kr 174.10	+18%
SAGAA SAGAA	kr 160.50	kr 85.16	-47%

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks

Frequently asked questions

Is 0938 (0938) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.5500 versus a price of HK$0.4250 — about +29% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0938?

Our model-based fair value for 0938 is HK$0.5500 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4250.

What is the quality score of 0938?

0938 has a Quality Score of 35/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0938 (0938)?

0938 reported trailing-twelve-month revenue of about HK$133M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0938?

The net profit margin of 0938 is about 28.9%, meaning it keeps roughly 28.9% of revenue as net income. 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.