1023 (1023) Fair Value & Analysis

Consumer Cyclical · Market cap HK$444M

1 1023 1023 · HK

PriceHK$0.4600

Fair ValueHK$0.6800

Upside+47.8%

Quality58/100

Evidence: Medium Range HK$0.6200 – HK$0.7400

Fair value as of: Jul 2, 2026

From 13 valuation models · updated today

Share price −5.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.4282 – HK$0.5100 · fair‑value band HK$0.6200 – HK$0.7400 · the HK$0.4600 price screens below the HK$0.6800 fair value. As of Jul 2, 2026.

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Analysis

1023 (1023) currently trades at HK$0.4600, while our model-based Fair Value estimate is HK$0.6800 — implying the stock looks roughly 47.8% undervalued today. We read business quality at 58/100 (solid quality), in the Consumer Cyclical 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, 1023 generated revenue of HK$1.6B at a net margin of -6.1%. Revenue declined 0.2% year over year. It earns a return on equity of -6.0%. The balance sheet holds a net cash position of HK$420M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.6B

Revenue growth (YoY) -0.2%

Net margin -6.1%

Return on equity -6.0%

Free cash flow HK$51.5M FY2025

Operating margin 4.1%

More key figures

EPS (TTM) HK$-0.2400

Dividend yield 4.4%

EPS growth (YoY) -50.8%

Net cash HK$420M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1023 reported revenue of HK$1.6B in FY2025 versus HK$1.4B in FY2021, a compound +2.7%/yr. Reported net income was −HK$178M in FY2025.

Revenue +2.7%/yr

FY21 HK$1.4B

FY22 HK$1.8B

FY23 HK$1.8B

FY24 HK$1.6B

FY25 HK$1.6B

Net income

FY21 −HK$150M

FY22 HK$151M

FY23 HK$203M

FY24 HK$102M

FY25 −HK$178M

Is 1023 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
NIKE, Inc NKE	€38.41	€31.09	-19%
adidas AG ADDYY	$97.66	$62.93	-36%
ASICS Corporation ASCCY	$25.77	$19.43	-25%
Deckers Outdoor Corporation DECK	$108.96	$96.18	-12%
On Holding ONON	$38.00	$18.63	-51%
Zhejiang China Commodities City Group 600415	¥11.37	¥23.62	+108%

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Frequently asked questions

Is 1023 (1023) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.6800 versus a price of HK$0.4600 — about +48% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1023?

Our model-based fair value for 1023 is HK$0.6800 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4600.

What is the quality score of 1023?

1023 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1023 (1023)?

1023 reported trailing-twelve-month revenue of about HK$1.6B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1023?

The net profit margin of 1023 is about -6.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 1023 pay a dividend?

1023 currently shows a dividend yield of about 4.35% 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.