1346 (1346) Fair Value & Analysis

Consumer Cyclical · Market cap HK$805M

1 1346 1346 · HK

PriceHK$1.26

Fair ValueHK$0.4200

Upside-66.7%

Quality64/100

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Evidence: High Range HK$0.3300 – HK$0.6500

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −6.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.11 – HK$1.58 · fair‑value band HK$0.3300 – HK$0.6500 · the HK$1.26 price screens above the HK$0.4200 fair value. As of Jul 2, 2026.

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Analysis

1346 (1346) currently trades at HK$1.26, while our model-based Fair Value estimate is HK$0.4200 — implying the stock looks roughly 66.7% overvalued today. We read business quality at 64/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, 1346 generated revenue of HK$200M at a net margin of 7.9%. Revenue declined 14.8% year over year. It earns a return on equity of 23.9%. The balance sheet holds a net cash position of HK$38.6M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$200M

Revenue growth (YoY) -14.8%

Net margin 7.9%

Return on equity 23.9%

Free cash flow HK$16.9M FY2025

P/E ratio 6.3

More key figures

Operating margin 11.1%

EPS (TTM) HK$0.0100

Dividend yield 1.0%

EPS growth (YoY) -17.1%

Net cash HK$38.6M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1346 reported revenue of HK$200M in FY2025 versus HK$144M in FY2021, a compound +8.6%/yr. Reported net income was HK$15.9M in FY2025, compounding +38.5%/yr from FY2021.

Revenue +8.6%/yr

FY21 HK$144M

FY22 HK$217M

FY23 HK$209M

FY24 HK$223M

FY25 HK$200M

Net income +38.5%/yr

FY21 HK$4.3M

FY22 HK$14.5M

FY23 HK$15.6M

FY24 HK$17.1M

FY25 HK$15.9M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
H & M Hennes & Mauritz AB HMB	kr 164.90	kr 165.47	+0%
Ralph Lauren Corporation RL	$376.43	$423.69	+13%
Moncler S.p.A MONC	€50.90	€50.69	-0%
Gildan Activewear Inc GIL	$57.04	$34.84	-39%
LPP SA LPP	18,350 PLN	20,063 PLN	+9%
Levi Strauss & Co LEVI	$23.61	$16.83	-29%

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Frequently asked questions

Is 1346 (1346) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.4200 versus a price of HK$1.26 — about −67% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1346?

Our model-based fair value for 1346 is HK$0.4200 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.26.

What is the quality score of 1346?

1346 has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1346 (1346)?

1346 reported trailing-twelve-month revenue of about HK$200M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1346?

The net profit margin of 1346 is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.

Does 1346 pay a dividend?

1346 currently shows a dividend yield of about 1.03% 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.