1788 (1788) Fair Value & Analysis

Financial Services · Market cap HK$19.3B

1 1788 1788 · HK

PriceHK$2.02

Fair ValueHK$2.33

Upside+15.3%

Quality53/100

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Evidence: High Range HK$1.75 – HK$2.91

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price −11.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.17 – HK$6.62 · fair‑value band HK$1.75 – HK$2.91 · the HK$2.02 price screens below the HK$2.33 fair value. As of Jul 2, 2026.

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Analysis

1788 (1788) currently trades at HK$2.02, while our model-based Fair Value estimate is HK$2.33 — implying the stock looks roughly 15.3% undervalued today. We read business quality at 53/100 (solid quality), in the Financial Services 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: high) — always confirm before acting.

Over the trailing twelve months, 1788 generated revenue of HK$4.0B at a net margin of 34.0%. Revenue grew 111.7% year over year. It earns a return on equity of 8.7%. Net debt stands at HK$92.9B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$4.0B

Revenue growth (YoY) +112%

Net margin 34.0%

Return on equity 8.7%

Free cash flow HK$2.6B FY2025

P/E ratio 14.4

More key figures

Operating margin 48.5%

EPS (TTM) HK$0.0600

Dividend yield 3.6%

EPS growth (YoY) +434%

Net debt HK$92.9B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1788 reported revenue of HK$6.2B in FY2025 versus HK$4.0B in FY2021, a compound +11.8%/yr. Reported net income was HK$1.3B in FY2025, compounding +5.3%/yr from FY2021.

Revenue +11.8%/yr

FY21 HK$4.0B

FY22 HK$2.3B

FY23 HK$3.2B

FY24 HK$2.2B

FY25 HK$6.2B

Net income +5.3%/yr

FY21 HK$1.1B

FY22 HK$80.4M

FY23 HK$201M

FY24 HK$348M

FY25 HK$1.3B

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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%
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Mirae Asset Securities Co 006800	56,400 KRW	92,987 KRW	+65%

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Frequently asked questions

Is 1788 (1788) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$2.33 versus a price of HK$2.02 — about +15% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1788?

Our model-based fair value for 1788 is HK$2.33 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$2.02.

What is the quality score of 1788?

1788 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1788 (1788)?

1788 reported trailing-twelve-month revenue of about HK$4.0B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1788?

The net profit margin of 1788 is about 34.0%, meaning it keeps roughly 34.0% of revenue as net income. Based on the latest reported figures.

Does 1788 pay a dividend?

1788 currently shows a dividend yield of about 3.57% 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.