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1818 (1818) Fair Value & Analysis

Basic Materials · Market cap HK$61.6B

1 1818 1818 · HK
PriceHK$17.39
Fair ValueHK$20.20
Upside+16.2%
Quality49/100
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Evidence: Medium Range HK$13.05 – HK$31.83

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price −20.4% over the past month.

Price vs Fair Value (12 months)

HK$40.55 HK$16.39 Fair Value HK$20.20 Jun 2025 Jul 2026

12‑month range HK$16.39 – HK$40.55 · fair‑value band HK$13.05 – HK$31.83 · the HK$17.39 price screens below the HK$20.20 fair value. As of Jul 2, 2026.

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Analysis

1818 (1818) currently trades at HK$17.39, while our model-based Fair Value estimate is HK$20.20 — implying the stock looks roughly 16.2% undervalued today. We read business quality at 49/100 (below-average quality), in the Basic Materials 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, 1818 generated revenue of HK$19.5B at a net margin of 21.3%. Revenue grew 46.7% year over year. It earns a return on equity of 18.2%. Net debt stands at HK$21.9B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$19.5B
Revenue growth (YoY) +46.7%
Net margin 21.3%
Return on equity 18.2%
Free cash flow HK$3.1B FY2025
P/E ratio 15.7
More key figures
Operating margin 37.2%
EPS (TTM) HK$1.11
Dividend yield 0.6%
EPS growth (YoY) +88.2%
Net debt HK$21.9B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1818 reported revenue of HK$18.1B in FY2025 versus HK$6.9B in FY2021, a compound +27.4%/yr. Reported net income was HK$3.6B in FY2025, compounding +221.8%/yr from FY2021.

Revenue +27.4%/yr
FY21 HK$6.9B
FY22 HK$7.9B
FY23 HK$8.4B
FY24 HK$11.6B
FY25 HK$18.1B
Net income +221.8%/yr
FY21 HK$33.7M
FY22 HK$402M
FY23 HK$686M
FY24 HK$1.5B
FY25 HK$3.6B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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

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Newmont Corporation NEMCL $112.00 $141.64 +26%
Zijin Mining Group 601899 ¥30.44 ¥62.26 +105%
NEM NEM A$143.47 A$188.70 +32%
Agnico Eagle Mines Limited AEM $176.75 $225.34 +27%
Barrick Mining Corporation B $40.14 $64.02 +59%
Wheaton Precious Metals Corp SII €113.40 €44.65 -61%

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Frequently asked questions

Is 1818 (1818) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$20.20 versus a price of HK$17.39 — about +16% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 1818?
Our model-based fair value for 1818 is HK$20.20 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$17.39.
What is the quality score of 1818?
1818 has a Quality Score of 49/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 1818 (1818)?
1818 reported trailing-twelve-month revenue of about HK$19.5B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 1818?
The net profit margin of 1818 is about 21.3%, meaning it keeps roughly 21.3% of revenue as net income. Based on the latest reported figures.
Does 1818 pay a dividend?
1818 currently shows a dividend yield of about 0.61% 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.