1426 (1426) Fair Value & Analysis

Real Estate · Market cap HK$2.2B

1 1426 1426 · HK

PriceHK$1.60

Fair ValueHK$1.37

Upside-14.4%

Quality50/100

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Evidence: Medium Range HK$0.2800 – HK$2.45

Fair value as of: Jul 2, 2026

From 12 valuation models · updated today

Share price +2.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.50 – HK$2.15 · fair‑value band HK$0.2800 – HK$2.45 · the HK$1.60 price screens above the HK$1.37 fair value. As of Jul 2, 2026.

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Analysis

1426 (1426) currently trades at HK$1.60, while our model-based Fair Value estimate is HK$1.37 — implying the stock looks roughly 14.4% overvalued today. We read business quality at 50/100 (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, 1426 generated revenue of HK$621M at a net margin of -29.0%. Revenue declined 12.5% year over year. It earns a return on equity of -2.1%. Net debt stands at HK$4.4B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$621M

Revenue growth (YoY) -12.5%

Net margin -29.0%

Return on equity -2.1%

Free cash flow HK$240M FY2025

Operating margin -7.0%

More key figures

EPS (TTM) HK$-0.0200

Dividend yield 6.3%

EPS growth (YoY) -91.8%

Net debt HK$4.4B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1426 reported revenue of HK$691M in FY2025 versus HK$601M in FY2021, a compound +3.6%/yr. Reported net income was −HK$195M in FY2025.

Revenue +3.6%/yr

FY21 HK$601M

FY22 HK$578M

FY23 HK$732M

FY24 HK$747M

FY25 HK$691M

Net income

FY21 HK$510M

FY22 HK$33.0M

FY23 −HK$77.5M

FY24 −HK$49.6M

FY25 −HK$195M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
GMG GMG	A$31.50	A$9.77	-69%
Goodman Group GMGSF	$21.70	$5.24	-76%
VICI Properties Inc VICI	$26.72	$41.74	+56%
W. P. Carey Inc WPC	$71.43	$55.97	-22%
Stockland STKAF	$2.90	$2.58	-11%
Charter Hall Group CTOUF	$15.42	$10.05	-35%

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Frequently asked questions

Is 1426 (1426) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.37 versus a price of HK$1.60 — about −14% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1426?

Our model-based fair value for 1426 is HK$1.37 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.60.

What is the quality score of 1426?

1426 has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1426 (1426)?

1426 reported trailing-twelve-month revenue of about HK$621M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1426?

The net profit margin of 1426 is about -29.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 1426 pay a dividend?

1426 currently shows a dividend yield of about 6.31% 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.