1304 (1304) Fair Value & Analysis

Technology · Market cap HK$16.2B

1 1304 1304 · HK

PriceHK$140.60

Fair ValueHK$39.50

Upside-71.9%

Quality40/100

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Evidence: Medium Range HK$28.36 – HK$46.65

Fair value as of: Jul 2, 2026

From 14 valuation models · updated today

Share price −5.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$95.90 – HK$216.29 · fair‑value band HK$28.36 – HK$46.65 · the HK$140.60 price screens above the HK$39.50 fair value. As of Jul 2, 2026.

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Analysis

1304 (1304) currently trades at HK$140.60, while our model-based Fair Value estimate is HK$39.50 — implying the stock looks roughly 71.9% overvalued today. We read business quality at 40/100 (below-average quality), in the Technology 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, 1304 generated revenue of HK$853M at a net margin of 30.1%. Revenue grew 46.2% year over year. It earns a return on equity of 6.6%. The stock trades on a trailing P/E of 51.3. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$853M

Revenue growth (YoY) +46.2%

Net margin 30.1%

Return on equity 6.6%

Free cash flow −HK$13.5M FY2025

P/E ratio 51.3

More key figures

Operating margin 29.9%

EPS (TTM) HK$2.54

Dividend yield 0.6%

EPS growth (YoY) +42.6%

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1304 reported revenue of HK$774M in FY2025 versus HK$330M in FY2021, a compound +23.7%/yr. Reported net income was HK$219M in FY2025, compounding +12.8%/yr from FY2021.

Revenue +23.7%/yr

FY21 HK$330M

FY22 HK$323M

FY23 HK$411M

FY24 HK$600M

FY25 HK$774M

Net income +12.8%/yr

FY21 HK$135M

FY22 HK$142M

FY23 HK$175M

FY24 HK$222M

FY25 HK$219M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
NVIDIA Corporation NVDA	$208.65	$96.91	-54%
Taiwan Semiconductor Manufacturing Company TSMN	7,419 MXN	6,546 MXN	-12%
Broadcom Inc 1YD	€375.60	€99.46	-74%
Micron Technology, Inc ZMIC	C$52.57	C$10.88	-79%
Advanced Micro Devices, Inc AMD	$452.40	$80.19	-82%
SK hynix Inc 000660	1,000,000 KRW	1,109,311 KRW	+11%

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Frequently asked questions

Is 1304 (1304) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$39.50 versus a price of HK$140.60 — about −72% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1304?

Our model-based fair value for 1304 is HK$39.50 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$140.60.

What is the quality score of 1304?

1304 has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1304 (1304)?

1304 reported trailing-twelve-month revenue of about HK$853M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1304?

The net profit margin of 1304 is about 30.1%, meaning it keeps roughly 30.1% of revenue as net income. Based on the latest reported figures.

Does 1304 pay a dividend?

1304 currently shows a dividend yield of about 0.61% 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.