1223 (1223) Fair Value & Analysis

Real Estate · Market cap HK$3.8B

1 1223 1223 · HK

PriceHK$1.30

Fair ValueHK$0.3200

Upside-75.4%

Quality66/100

Evidence: Medium Range HK$0.1900 – HK$0.4900

Fair value as of: Jul 2, 2026

From 14 valuation models · updated today

Share price −5.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.7962 – HK$1.70 · fair‑value band HK$0.1900 – HK$0.4900 · the HK$1.30 price screens above the HK$0.3200 fair value. As of Jul 2, 2026.

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Analysis

1223 (1223) currently trades at HK$1.30, while our model-based Fair Value estimate is HK$0.3200 — implying the stock looks roughly 75.4% overvalued today. We read business quality at 66/100 (solid quality), in the Real Estate 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, 1223 generated revenue of HK$309M at a net margin of -10.7%. Revenue grew 2.1% year over year. It earns a return on equity of -1.5%. Net debt stands at HK$1.1B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$309M

Revenue growth (YoY) +2.1%

Net margin -10.7%

Return on equity -1.5%

Free cash flow HK$96.4M FY2025

Operating margin -4.2%

More key figures

Dividend yield 0.4%

EPS growth (YoY) -61.2%

Net debt HK$1.1B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1223 reported revenue of HK$309M in FY2025 versus HK$323M in FY2021, a compound −1.2%/yr. Reported net income was −HK$32.9M in FY2025.

Revenue −1.2%/yr

FY21 HK$323M

FY22 HK$279M

FY23 HK$305M

FY24 HK$308M

FY25 HK$309M

Net income

FY21 HK$36.5M

FY22 −HK$81.7M

FY23 −HK$206M

FY24 −HK$143M

FY25 −HK$32.9M

Is 1223 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Mitsubishi Estate Co MITEY	$23.69	$13.49	-43%
Mitsui Fudosan Co MTSFF	$9.40	$10.25	+9%
Henderson Land Development Company HLDVF	$3.70	$2.53	-32%
Swiss Prime Site AG SPSN	CHF 129.50	CHF 40.79	-69%
Central Pattana Public Company CPNR	67.00 THB	71.37 THB	+7%
SM Prime Holdings SPHXF	$0.2801	$0.6700	+139%

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Frequently asked questions

Is 1223 (1223) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3200 versus a price of HK$1.30 — about −75% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1223?

Our model-based fair value for 1223 is HK$0.3200 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.30.

What is the quality score of 1223?

1223 has a Quality Score of 66/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1223 (1223)?

1223 reported trailing-twelve-month revenue of about HK$309M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1223?

The net profit margin of 1223 is about -10.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 1223 pay a dividend?

1223 currently shows a dividend yield of about 0.38% 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.