1039 (1039) Fair Value & Analysis

Consumer Cyclical · Market cap HK$90.5M

1 1039 1039 · HK

PriceHK$0.0490

Fair ValueHK$0.0299

Upside-39.0%

Quality60/100

Evidence: Medium Range HK$0.0299 – HK$0.0446

Fair value as of: Jul 2, 2026

From 13 valuation models · updated today

Share price −10.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0330 – HK$0.0680 · fair‑value band HK$0.0299 – HK$0.0446 · the HK$0.0490 price screens above the HK$0.0299 fair value. As of Jul 2, 2026.

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Analysis

1039 (1039) currently trades at HK$0.0490, while our model-based Fair Value estimate is HK$0.0299 — implying the stock looks roughly 39.0% overvalued today. We read business quality at 60/100 (solid quality), in the Consumer Cyclical 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, 1039 generated revenue of HK$192M at a net margin of -8.4%. Revenue grew 29.9% year over year. Net debt stands at HK$142M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$192M

Revenue growth (YoY) +29.9%

Net margin -8.4%

Return on equity -711%

Free cash flow HK$31.0M FY2025

Operating margin 3.2%

More key figures

Net debt HK$142M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1039 reported revenue of HK$192M in FY2025 versus HK$114M in FY2021, a compound +13.9%/yr. Reported net income was −HK$16.1M in FY2025.

Revenue +13.9%/yr

FY21 HK$114M

FY22 HK$215M

FY23 HK$227M

FY24 HK$181M

FY25 HK$192M

Net income

FY21 −HK$49.5M

FY22 −HK$34.7M

FY23 −HK$37.6M

FY24 −HK$19.5M

FY25 −HK$16.1M

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

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Amazon.com, Inc AMZ	€233.50	€76.71	-67%
AMZN AMZN	4,242 MXN	1,558 MXN	-63%
Alibaba Group BABA	$115.38	$68.90	-40%
Naspers Limited NAPRF	$52.01	$14.91	-71%
PDD Holdings PDD	$78.11	$299.53	+283%
Prosus N.V PROSF	$42.25	$67.18	+59%

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Frequently asked questions

Is 1039 (1039) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0299 versus a price of HK$0.0490 — about −39% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1039?

Our model-based fair value for 1039 is HK$0.0299 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.0490.

What is the quality score of 1039?

1039 has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1039 (1039)?

1039 reported trailing-twelve-month revenue of about HK$192M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1039?

The net profit margin of 1039 is about -8.4%, meaning it is currently running at a net loss. 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.