1645 (1645) Fair Value & Analysis

Industrials · Market cap HK$1.6B

1 1645 1645 · HK

PriceHK$2.76

Fair ValueHK$0.7100

Upside-74.3%

Quality54/100

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Evidence: Medium Range HK$0.5000 – HK$0.9200

Fair value as of: Jul 2, 2026

From 10 valuation models · updated today

Share price +9.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.9400 – HK$4.18 · fair‑value band HK$0.5000 – HK$0.9200 · the HK$2.76 price screens above the HK$0.7100 fair value. As of Jul 2, 2026.

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Analysis

1645 (1645) currently trades at HK$2.76, while our model-based Fair Value estimate is HK$0.7100 — implying the stock looks roughly 74.3% overvalued today. We read business quality at 54/100 (solid quality), in the Industrials 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, 1645 generated revenue of HK$491M at a net margin of 4.4%. Revenue grew 42.4% year over year. It earns a return on equity of 6.9%. Net debt stands at HK$346M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$491M

Revenue growth (YoY) +42.4%

Net margin 4.4%

Return on equity 6.9%

Free cash flow −HK$54.9M FY2025

P/E ratio 69.0

More key figures

Operating margin 2.7%

EPS (TTM) HK$0.0200

EPS growth (YoY) -86.2%

Net debt HK$346M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1645 reported revenue of HK$491M in FY2025 versus HK$393M in FY2021, a compound +5.7%/yr. Reported net income was HK$21.8M in FY2025, compounding −5.2%/yr from FY2021.

Revenue +5.7%/yr

FY21 HK$393M

FY22 HK$398M

FY23 HK$351M

FY24 HK$370M

FY25 HK$491M

Net income −5.2%/yr

FY21 HK$27.0M

FY22 −HK$3.1M

FY23 −HK$35.8M

FY24 −HK$38.1M

FY25 HK$21.8M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
GE Vernova Inc GEV	$867.09	$297.82	-66%
SIEGY SIEGY	$155.06	$89.54	-42%
SMAWF SMAWF	$307.12	$176.28	-43%
SMNS SMNS	C$31.76	C$23.45	-26%
SIE SIE	€269.80	€161.17	-40%
Schneider Electric S.E. SBGSF	$326.83	$147.43	-55%

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Frequently asked questions

Is 1645 (1645) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.7100 versus a price of HK$2.76 — about −74% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1645?

Our model-based fair value for 1645 is HK$0.7100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$2.76.

What is the quality score of 1645?

1645 has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1645 (1645)?

1645 reported trailing-twelve-month revenue of about HK$491M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1645?

The net profit margin of 1645 is about 4.4%, meaning it keeps roughly 4.4% 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.