1746 (1746) Fair Value & Analysis

Industrials · Market cap HK$430M

1 1746 1746 · HK

PriceHK$0.4300

Fair ValueHK$0.2600

Upside-39.5%

Quality70/100

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Evidence: Medium Range HK$0.2100 – HK$0.3100

Fair value as of: Jul 2, 2026

From 9 valuation models · updated today

Share price −6.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2380 – HK$0.5400 · fair‑value band HK$0.2100 – HK$0.3100 · the HK$0.4300 price screens above the HK$0.2600 fair value. As of Jul 2, 2026.

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Analysis

1746 (1746) currently trades at HK$0.4300, while our model-based Fair Value estimate is HK$0.2600 — implying the stock looks roughly 39.5% overvalued today. We read business quality at 70/100 (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, 1746 generated revenue of HK$97.6M at a net margin of -2.6%. Revenue declined 13.4% year over year. It earns a return on equity of -2.1%. The balance sheet holds a net cash position of HK$83.8M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$97.6M

Revenue growth (YoY) -13.4%

Net margin -2.6%

Return on equity -2.1%

Free cash flow HK$20.3M FY2025

Operating margin -7.4%

More key figures

EPS growth (YoY) -5.3%

Net cash HK$83.8M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1746 reported revenue of HK$97.6M in FY2025 versus HK$122M in FY2021, a compound −5.4%/yr. Reported net income was −HK$2.5M in FY2025.

Revenue −5.4%/yr

FY21 HK$122M

FY22 HK$125M

FY23 HK$153M

FY24 HK$131M

FY25 HK$97.6M

Net income

FY21 −HK$2.2M

FY22 HK$238K

FY23 HK$680K

FY24 −HK$6.9M

FY25 −HK$2.5M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Larsen & Toubro Limited LTOD	$0.4415	$0.5700	+29%
Samsung C&T Corporation 028260	520,000 KRW	268,469 KRW	-48%
China State Construction Engineering Corporation 601668	¥4.65	¥17.35	+273%
TopBuild Corp BLD	7,547 MXN	4,541 MXN	-40%
Hyundai Engineering & Construction Co 000720	127,800 KRW	55,602 KRW	-56%
United Integrated Services Co 2404	1,195 TWD	1,681 TWD	+41%

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Frequently asked questions

Is 1746 (1746) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.2600 versus a price of HK$0.4300 — about −40% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1746?

Our model-based fair value for 1746 is HK$0.2600 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4300.

What is the quality score of 1746?

1746 has a Quality Score of 70/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1746 (1746)?

1746 reported trailing-twelve-month revenue of about HK$97.6M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1746?

The net profit margin of 1746 is about -2.6%, meaning it is currently running at a net loss. 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.