1102 (1102) Fair Value & Analysis

Basic Materials · Market cap HK$182M

1 1102 1102 · HK

PriceHK$0.0650

Fair ValueHK$0.0488

Upside-25.0%

Quality54/100

Evidence: Medium Range HK$0.0488 – HK$0.0488

Fair value as of: Jul 2, 2026

From 22 valuation models · updated today

Share price −1.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0420 – HK$0.0720 · the HK$0.0650 price screens above the HK$0.0488 fair value. As of Jul 2, 2026.

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Analysis

1102 (1102) currently trades at HK$0.0650, while our model-based Fair Value estimate is HK$0.0488 — implying the stock looks roughly 25.0% overvalued today. We read business quality at 54/100 (solid quality), in the Basic Materials 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, 1102 generated revenue of HK$444M at a net margin of 0.2%. Revenue declined 7.8% year over year. It earns a return on equity of 17.2%. The balance sheet holds a net cash position of HK$33.7M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$444M

Revenue growth (YoY) -7.8%

Net margin 0.2%

Return on equity 17.2%

Free cash flow HK$2.6M FY2025

Operating margin 2.9%

More key figures

Net cash HK$33.7M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1102 reported revenue of HK$444M in FY2025 versus HK$322M in FY2021, a compound +8.4%/yr. Reported net income was HK$731K in FY2025.

Revenue +8.4%/yr

FY21 HK$322M

FY22 HK$270M

FY23 HK$532M

FY24 HK$462M

FY25 HK$444M

Net income

FY21 −HK$358M

FY22 −HK$257M

FY23 −HK$35.8M

FY24 −HK$24.4M

FY25 HK$731K

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
CRH plc CRH	$106.52	$64.08	-40%
Holcim AG HCMLY	$18.75	$9.07	-52%
Heidelberg Materials AG HEI	€185.15	€157.48	-15%
Vulcan Materials Company VMC	$281.38	$116.17	-59%
Martin Marietta Materials, Inc MLM	$609.88	$218.79	-64%
UltraTech Cement Limited ULTRACEMCO	₹10,912	₹4,589	-58%

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Frequently asked questions

Is 1102 (1102) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0488 versus a price of HK$0.0650 — about −25% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1102?

Our model-based fair value for 1102 is HK$0.0488 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.0650.

What is the quality score of 1102?

1102 has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1102 (1102)?

1102 reported trailing-twelve-month revenue of about HK$444M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1102?

The net profit margin of 1102 is about 0.2%, meaning it keeps roughly 0.2% 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.