1503 (1503) Fair Value & Analysis

Real Estate · Market cap HK$1.1B

1 1503 1503 · HK

PriceHK$0.9900

Fair ValueHK$2.13

Upside+115.2%

Quality56/100

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Evidence: Medium Range HK$0.8900 – HK$3.38

Fair value as of: Jul 2, 2026

From 15 valuation models · updated today

Share price −9.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.9704 – HK$1.29 · fair‑value band HK$0.8900 – HK$3.38 · the HK$0.9900 price screens below the HK$2.13 fair value. As of Jul 2, 2026.

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Analysis

1503 (1503) currently trades at HK$0.9900, while our model-based Fair Value estimate is HK$2.13 — implying the stock looks roughly 115.2% undervalued today. We read business quality at 56/100 (solid quality), in the Real Estate 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: medium) — always confirm before acting.

Over the trailing twelve months, 1503 generated revenue of HK$432M at a net margin of -22.8%. Revenue declined 72.4% year over year. It earns a return on equity of -3.2%. Net debt stands at HK$3.2B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$432M

Revenue growth (YoY) -72.4%

Net margin -22.8%

Return on equity -3.2%

Free cash flow HK$197M FY2025

Operating margin 49.7%

More key figures

EPS (TTM) HK$-0.0400

Dividend yield 8.6%

EPS growth (YoY) -43.6%

Net debt HK$3.2B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1503 reported revenue of HK$432M in FY2025 versus HK$433M in FY2021, a compound −0.0%/yr. Reported net income was −HK$98.6M in FY2025.

Revenue −0.0%/yr

FY21 HK$433M

FY22 HK$432M

FY23 HK$489M

FY24 HK$529M

FY25 HK$432M

Net income

FY21 HK$268M

FY22 −HK$210M

FY23 −HK$189M

FY24 −HK$178M

FY25 −HK$98.6M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
BXP, Inc BXP	$64.91	$60.75	-6%
MERLIN Properties SOCIMI, S.A MRL	€15.23	€7.92	-48%
Alexandria Real Estate Equities, Inc A1RE34	R$67.00	R$62.43	-7%
Vornado Realty Trust VNORP	$51.75	$47.22	-9%
Gecina GECFF	$87.89	$128.26	+46%
Hudson Pacific Properties, Inc HPP	$14.62	$0.9700	-93%

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Frequently asked questions

Is 1503 (1503) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$2.13 versus a price of HK$0.9900 — about +115% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1503?

Our model-based fair value for 1503 is HK$2.13 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.9900.

What is the quality score of 1503?

1503 has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1503 (1503)?

1503 reported trailing-twelve-month revenue of about HK$432M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1503?

The net profit margin of 1503 is about -22.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 1503 pay a dividend?

1503 currently shows a dividend yield of about 8.59% 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.