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1868 (1868) Fair Value & Analysis

Consumer Cyclical · Market cap HK$596M

1 1868 1868 · HK
PriceHK$0.3100
Fair ValueHK$0.0700
Upside-77.4%
Quality48/100
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Evidence: Medium Range HK$0.0500 – HK$0.0900

Fair value as of: Jul 2, 2026

From 10 valuation models · updated today

Share price −6.1% over the past month.

Price vs Fair Value (12 months)

HK$0.4400 HK$0.3050 Fair Value HK$0.0700 Jun 2025 Jul 2026

12‑month range HK$0.3050 – HK$0.4400 · fair‑value band HK$0.0500 – HK$0.0900 · the HK$0.3100 price screens above the HK$0.0700 fair value. As of Jul 2, 2026.

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Analysis

1868 (1868) currently trades at HK$0.3100, while our model-based Fair Value estimate is HK$0.0700 — implying the stock looks roughly 77.4% overvalued today. We read business quality at 48/100 (below-average quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, 1868 generated revenue of HK$751M at a net margin of 1.0%. Revenue grew 1.9% year over year. It earns a return on equity of 0.5%. The balance sheet holds a net cash position of HK$580M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$751M
Revenue growth (YoY) +1.9%
Net margin 1.0%
Return on equity 0.5%
Free cash flow −HK$43.0M FY2025
Operating margin 0.1%
More key figures
EPS growth (YoY) -91.0%
Net cash HK$580M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1868 reported revenue of HK$751M in FY2025 versus HK$864M in FY2021, a compound −3.5%/yr. Reported net income was HK$7.2M in FY2025.

Revenue −3.5%/yr
FY21 HK$864M
FY22 HK$928M
FY23 HK$786M
FY24 HK$746M
FY25 HK$751M
Net income
FY21 −HK$272M
FY22 HK$48.8M
FY23 HK$26.8M
FY24 HK$37.2M
FY25 HK$7.2M

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

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Frequently asked questions

Is 1868 (1868) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$0.0700 versus a price of HK$0.3100 — about −77% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 1868?
Our model-based fair value for 1868 is HK$0.0700 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.3100.
What is the quality score of 1868?
1868 has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 1868 (1868)?
1868 reported trailing-twelve-month revenue of about HK$751M (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 1868?
The net profit margin of 1868 is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. 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.