0990 (0990) Fair Value & Analysis

Basic Materials · Market cap HK$7.5B

0 0990 0990 · HK

PriceHK$0.5100

Fair ValueHK$1.02

Upside+100.0%

Quality46/100

Evidence: Medium Range HK$0.7700 – HK$1.28

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −33.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.5100 – HK$0.9500 · fair‑value band HK$0.7700 – HK$1.28 · the HK$0.5100 price screens below the HK$1.02 fair value. As of Jul 2, 2026.

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Analysis

0990 (0990) currently trades at HK$0.5100, while our model-based Fair Value estimate is HK$1.02 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 46/100 (below-average 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: medium) — always confirm before acting.

Over the trailing twelve months, 0990 generated revenue of HK$21.4B at a net margin of 3.4%. Revenue declined 21.7% year over year. It earns a return on equity of 10.5%. The balance sheet holds a net cash position of HK$7.1B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$21.4B

Revenue growth (YoY) -21.7%

Net margin 3.4%

Return on equity 10.5%

Free cash flow HK$2.9B FY2025

P/E ratio 10.2

More key figures

Operating margin 4.1%

EPS (TTM) HK$0.0200

EPS growth (YoY) +20,057%

Net cash HK$7.1B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0990 reported revenue of HK$21.4B in FY2025 versus HK$34.6B in FY2021, a compound −11.4%/yr. Reported net income was HK$720M in FY2025, compounding −7.8%/yr from FY2021.

Revenue −11.4%/yr

FY21 HK$34.6B

FY22 HK$39.1B

FY23 HK$55.4B

FY24 HK$40.9B

FY25 HK$21.4B

Net income −7.8%/yr

FY21 HK$998M

FY22 HK$1.2B

FY23 HK$1.2B

FY24 HK$296M

FY25 HK$720M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Tata Steel Limited TTST	$0.2140	$0.2500	+17%
Nucor Corporation NUE	$250.49	$79.02	-68%
ArcelorMittal S.A ARMT34	R$163.20	R$15.38	-91%
JSW Steel Limited JSWSTEEL	₹1,284	₹901.55	-30%
China Steel Corporation 2002A	38.25 TWD	9.37 TWD	-76%
Baoshan Iron & Steel Co 600019	¥5.75	¥8.07	+40%

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Frequently asked questions

Is 0990 (0990) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.02 versus a price of HK$0.5100 — about +100% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0990?

Our model-based fair value for 0990 is HK$1.02 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5100.

What is the quality score of 0990?

0990 has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0990 (0990)?

0990 reported trailing-twelve-month revenue of about HK$21.4B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0990?

The net profit margin of 0990 is about 3.4%, meaning it keeps roughly 3.4% 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.