1785 (1785) Fair Value & Analysis

Industrials · Market cap HK$3.1B

1 1785 1785 · HK

PriceHK$1.88

Fair ValueHK$6.89

Upside+266.5%

Quality50/100

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Evidence: Medium Range HK$4.83 – HK$8.96

Fair value as of: Jul 2, 2026

From 16 valuation models · updated today

Share price −2.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.75 – HK$2.13 · fair‑value band HK$4.83 – HK$8.96 · the HK$1.88 price screens below the HK$6.89 fair value. As of Jul 2, 2026.

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Analysis

1785 (1785) currently trades at HK$1.88, while our model-based Fair Value estimate is HK$6.89 — implying the stock looks roughly 266.5% undervalued today. We read business quality at 50/100 (solid quality), in the Industrials 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, 1785 generated revenue of HK$2.9B at a net margin of 18.1%. Revenue declined 6.6% year over year. It earns a return on equity of 9.5%. Net debt stands at HK$1.8B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$2.9B

Revenue growth (YoY) -6.6%

Net margin 18.1%

Return on equity 9.5%

Free cash flow −HK$383M FY2025

P/E ratio 5.0

More key figures

Operating margin 28.7%

EPS (TTM) HK$0.3319

Dividend yield 6.4%

EPS growth (YoY) -19.5%

Net debt HK$1.8B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1785 reported revenue of HK$2.8B in FY2025 versus HK$2.7B in FY2021, a compound +1.3%/yr. Reported net income was HK$538M in FY2025, compounding −3.3%/yr from FY2021.

Revenue +1.3%/yr

FY21 HK$2.7B

FY22 HK$2.6B

FY23 HK$2.9B

FY24 HK$2.9B

FY25 HK$2.8B

Net income −3.3%/yr

FY21 HK$615M

FY22 HK$490M

FY23 HK$619M

FY24 HK$520M

FY25 HK$538M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
China Merchants Expressway Network & Technology Holdings 001965	¥10.04	¥12.59	+25%
Jiangsu Expressway Company 600377	¥11.93	¥20.23	+70%
Shandong Hi-speed Company 600350	¥10.07	¥8.33	-17%
Impulsora del Desarrollo y el Empleo en América Latina, S.A. IDEALB1	43.00 MXN	48.63 MXN	+13%
Promotora y Operadora de Infraestructura, S. A. B. de C. V. PUODY	$315.00	$744.49	+136%
0177 0177	HK$9.17	HK$17.60	+92%

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Frequently asked questions

Is 1785 (1785) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$6.89 versus a price of HK$1.88 — about +266% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1785?

Our model-based fair value for 1785 is HK$6.89 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.88.

What is the quality score of 1785?

1785 has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1785 (1785)?

1785 reported trailing-twelve-month revenue of about HK$2.9B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1785?

The net profit margin of 1785 is about 18.1%, meaning it keeps roughly 18.1% of revenue as net income. Based on the latest reported figures.

Does 1785 pay a dividend?

1785 currently shows a dividend yield of about 6.42% 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.