1865 (1865) Fair Value & Analysis

Industrials · Market cap HK$669M

1 1865 1865 · HK

PriceHK$0.5300

Fair ValueHK$0.3100

Upside-41.5%

Quality52/100

Watch 1865 for free — get notified when fair value or trend changes. Watch for free

Evidence: Low Range HK$0.1600 – HK$0.3900

Fair value as of: Jul 2, 2026

From 1 valuation models · updated today

Share price +41.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2360 – HK$0.6300 · fair‑value band HK$0.1600 – HK$0.3900 · the HK$0.5300 price screens above the HK$0.3100 fair value. As of Jul 2, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

1865 (1865) currently trades at HK$0.5300, while our model-based Fair Value estimate is HK$0.3100 — implying the stock looks roughly 41.5% overvalued today. We read business quality at 52/100 (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: low).

Over the trailing twelve months, 1865 generated revenue of HK$58.0M at a net margin of -17.9%. Revenue declined 4.3% year over year. It earns a return on equity of -13.4%. Net debt stands at HK$17.7M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$58.0M

Revenue growth (YoY) -4.3%

Net margin -17.9%

Return on equity -13.4%

Free cash flow −HK$17.8M FY2025

P/E ratio 3.1

More key figures

Operating margin -30.8%

EPS (TTM) HK$-0.0100

EPS growth (YoY) +56.5%

Net debt HK$17.7M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1865 reported revenue of HK$59.1M in FY2025 versus HK$43.5M in FY2021, a compound +8.0%/yr. Reported net income was −HK$12.9M in FY2025.

Revenue +8.0%/yr

FY21 HK$43.5M

FY22 HK$59.1M

FY23 HK$60.1M

FY24 HK$59.1M

FY25 HK$59.1M

Net income

FY21 HK$3.3M

FY22 HK$1.0M

FY23 −HK$2.1M

FY24 −HK$12.0M

FY25 −HK$12.9M

Is 1865 fairly valued? → Check now

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	324.01 MXN	-96%
000720 000720	130,300 KRW	55,602 KRW	-57%
United Integrated Services Co 2404	1,205 TWD	1,891 TWD	+57%

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks

Frequently asked questions

Is 1865 (1865) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3100 versus a price of HK$0.5300 — about −42% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1865?

Our model-based fair value for 1865 is HK$0.3100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5300.

What is the quality score of 1865?

1865 has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1865 (1865)?

1865 reported trailing-twelve-month revenue of about HK$58.0M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1865?

The net profit margin of 1865 is about -17.9%, 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.