1109 (1109) Fair Value & Analysis

Real Estate · Market cap HK$214B

1 1109 1109 · HK

PriceHK$30.00

Fair ValueHK$71.17

Upside+137.2%

Quality60/100

Evidence: Medium Range HK$52.43 – HK$99.70

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −12.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$25.63 – HK$37.26 · fair‑value band HK$52.43 – HK$99.70 · the HK$30.00 price screens below the HK$71.17 fair value. As of Jul 2, 2026.

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Analysis

1109 (1109) currently trades at HK$30.00, while our model-based Fair Value estimate is HK$71.17 — implying the stock looks roughly 137.2% undervalued today. We read business quality at 60/100 (solid 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: medium) — always confirm before acting.

Over the trailing twelve months, 1109 generated revenue of HK$281B at a net margin of 9.0%. Revenue declined 6.6% year over year. It earns a return on equity of 8.0%. Net debt stands at HK$171B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$281B

Revenue growth (YoY) -6.6%

Net margin 9.0%

Return on equity 8.0%

Free cash flow HK$37.9B FY2025

P/E ratio 7.3

More key figures

Operating margin 14.6%

EPS (TTM) HK$1.67

Dividend yield 3.8%

EPS growth (YoY) -11.6%

Net debt HK$171B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1109 reported revenue of HK$281B in FY2025 versus HK$257B in FY2021, a compound +2.3%/yr. Reported net income was HK$25.4B in FY2025, compounding −10.5%/yr from FY2021.

Revenue +2.3%/yr

FY21 HK$257B

FY22 HK$234B

FY23 HK$251B

FY24 HK$279B

FY25 HK$281B

Net income −10.5%/yr

FY21 HK$39.7B

FY22 HK$32.0B

FY23 HK$31.4B

FY24 HK$25.6B

FY25 HK$25.4B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Vinhomes Joint Stock Company VHM	146,800 VND	367,000 VND	+150%
DLF Limited DLF	₹577.70	₹263.02	-54%
PT Pantai Indah Kapuk Dua Tbk, PANI	6,325 IDR	1,330 IDR	-79%
Lodha Developers Limited LODHA	₹894.45	₹721.45	-19%
Oberoi Realty Limited OBEROIRLTY	₹1,704	₹1,183	-31%
Godrej Properties Limited GODREJPROP	₹1,708	₹2,070	+21%

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Frequently asked questions

Is 1109 (1109) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$71.17 versus a price of HK$30.00 — about +137% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1109?

Our model-based fair value for 1109 is HK$71.17 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$30.00.

What is the quality score of 1109?

1109 has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1109 (1109)?

1109 reported trailing-twelve-month revenue of about HK$281B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1109?

The net profit margin of 1109 is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.

Does 1109 pay a dividend?

1109 currently shows a dividend yield of about 3.82% 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.