1845 (1845) Fair Value & Analysis

Industrials · Market cap HK$291M

1 1845 1845 · HK

PriceHK$0.2180

Fair ValueHK$0.3000

Upside+37.6%

Quality57/100

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Evidence: Low Range HK$0.2100 – HK$0.3900

Fair value as of: Jul 2, 2026

From 7 valuation models · updated today

Share price −0.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1290 – HK$0.3000 · fair‑value band HK$0.2100 – HK$0.3900 · the HK$0.2180 price screens below the HK$0.3000 fair value. As of Jul 2, 2026.

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Analysis

1845 (1845) currently trades at HK$0.2180, while our model-based Fair Value estimate is HK$0.3000 — implying the stock looks roughly 37.6% undervalued today. We read business quality at 57/100 (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: low) — always confirm before acting.

Over the trailing twelve months, 1845 generated revenue of HK$205M at a net margin of -30.8%. Revenue declined 18.0% year over year. It earns a return on equity of -17.7%. The balance sheet holds a net cash position of HK$15.1M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$205M

Revenue growth (YoY) -18.0%

Net margin -30.8%

Return on equity -17.7%

Free cash flow HK$25.8M FY2025

Operating margin -21.9%

More key figures

EPS (TTM) HK$-0.0100

EPS growth (YoY) +41.1%

Net cash HK$15.1M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1845 reported revenue of HK$205M in FY2025 versus HK$562M in FY2021, a compound −22.3%/yr. Reported net income was −HK$63.1M in FY2025.

Revenue −22.3%/yr

FY21 HK$562M

FY22 HK$349M

FY23 HK$253M

FY24 HK$242M

FY25 HK$205M

Net income

FY21 −HK$12.4M

FY22 −HK$72.3M

FY23 HK$1.8M

FY24 −HK$48.6M

FY25 −HK$63.1M

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Frequently asked questions

Is 1845 (1845) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3000 versus a price of HK$0.2180 — about +38% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1845?

Our model-based fair value for 1845 is HK$0.3000 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.2180.

What is the quality score of 1845?

1845 has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1845 (1845)?

1845 reported trailing-twelve-month revenue of about HK$205M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1845?

The net profit margin of 1845 is about -30.8%, 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.