1428 (1428) Fair Value & Analysis

Financial Services · Market cap HK$12.6B

1 1428 1428 · HK

PriceHK$6.93

Fair ValueHK$1.79

Upside-74.2%

Quality43/100

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Evidence: High Range HK$1.34 – HK$2.24

Fair value as of: Jul 2, 2026

From 15 valuation models · updated today

Share price −24.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$6.45 – HK$16.28 · fair‑value band HK$1.34 – HK$2.24 · the HK$6.93 price screens above the HK$1.79 fair value. As of Jul 2, 2026.

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Analysis

1428 (1428) currently trades at HK$6.93, while our model-based Fair Value estimate is HK$1.79 — implying the stock looks roughly 74.2% overvalued today. We read business quality at 43/100 (below-average quality), in the Financial Services 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, 1428 generated revenue of HK$1.1B at a net margin of 58.4%. Revenue declined 3.9% year over year. It earns a return on equity of 36.5%. Net debt stands at HK$4.4B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.1B

Revenue growth (YoY) -3.9%

Net margin 58.4%

Return on equity 36.5%

Free cash flow −HK$166M FY2025

P/E ratio 18.6

More key figures

Operating margin 61.6%

EPS (TTM) HK$0.3700

EPS growth (YoY) +12.3%

Net debt HK$4.4B FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

1428 reported revenue of HK$1.3B in FY2026 versus HK$1.3B in FY2022, a compound +1.2%/yr. Reported net income was HK$670M in FY2026, compounding +4.5%/yr from FY2022.

Revenue +1.2%/yr

FY22 HK$1.3B

FY23 HK$1.2B

FY24 HK$981M

FY25 HK$972M

FY26 HK$1.3B

Net income +4.5%/yr

FY22 HK$562M

FY23 HK$621M

FY24 HK$559M

FY25 HK$618M

FY26 HK$670M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Huatai Securities Co HTSC	$0.2700	$0.0100	-96%
Morgan Stanley, a financial holding company, MS	$227.09	$148.60	-35%
The Goldman Sachs Group GS	$1,093	$241.15	-78%
CITIC Securities Company 600030	¥25.66	¥32.02	+25%
6030 6030	HK$27.26	HK$30.74	+13%
Mirae Asset Securities Co 006800	56,400 KRW	92,987 KRW	+65%

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Frequently asked questions

Is 1428 (1428) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.79 versus a price of HK$6.93 — about −74% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1428?

Our model-based fair value for 1428 is HK$1.79 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$6.93.

What is the quality score of 1428?

1428 has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1428 (1428)?

1428 reported trailing-twelve-month revenue of about HK$1.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1428?

The net profit margin of 1428 is about 58.4%, meaning it keeps roughly 58.4% 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.