1281 (1281) Fair Value & Analysis

Utilities · Market cap HK$143M

1 1281 1281 · HK

PriceHK$0.1010

Fair ValueHK$0.3000

Upside+197.0%

Quality62/100

Evidence: High Range HK$0.2000 – HK$0.3000

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price +1.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0860 – HK$0.1210 · fair‑value band HK$0.2000 – HK$0.3000 · the HK$0.1010 price screens below the HK$0.3000 fair value. As of Jul 2, 2026.

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Analysis

1281 (1281) currently trades at HK$0.1010, while our model-based Fair Value estimate is HK$0.3000 — implying the stock looks roughly 197.0% undervalued today. We read business quality at 62/100 (solid quality), in the Utilities 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: high) — always confirm before acting.

Over the trailing twelve months, 1281 generated revenue of HK$140M at a net margin of 9.2%. Revenue declined 11.5% year over year. It earns a return on equity of 1.3%. The balance sheet holds a net cash position of HK$3.2M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$140M

Revenue growth (YoY) -11.5%

Net margin 9.2%

Return on equity 1.3%

Free cash flow HK$87.1M FY2025

P/E ratio 9.6

More key figures

Operating margin 23.1%

EPS growth (YoY) +355%

Net cash HK$3.2M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1281 reported revenue of HK$140M in FY2025 versus HK$463M in FY2021, a compound −25.8%/yr. Reported net income was HK$12.9M in FY2025.

Revenue −25.8%/yr

FY21 HK$463M

FY22 HK$195M

FY23 HK$114M

FY24 HK$114M

FY25 HK$140M

Net income

FY21 −HK$28.2M

FY22 −HK$306M

FY23 −HK$18.2M

FY24 −HK$24.4M

FY25 HK$12.9M

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Similar stocks

6 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
Constellation Energy Corporation CEG	$270.26	$87.76	-68%
Vistra Corp VST	$167.26	$43.45	-74%
Adani Power Limited ADANIPOWER	₹220.58	₹48.27	-78%
CGN Power Co 003816	¥4.33	¥2.85	-34%
Gulf Development Public Company GULF	63.00 THB	15.05 THB	-76%
NRG Energy, Inc NRG	$137.66	$56.02	-59%

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Frequently asked questions

Is 1281 (1281) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3000 versus a price of HK$0.1010 — about +197% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1281?

Our model-based fair value for 1281 is HK$0.3000 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.1010.

What is the quality score of 1281?

1281 has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1281 (1281)?

1281 reported trailing-twelve-month revenue of about HK$140M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1281?

The net profit margin of 1281 is about 9.2%, meaning it keeps roughly 9.2% 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.