1894 (1894) Fair Value & Analysis

Basic Materials · Market cap HK$97.9M

1 1894 1894 · HK

PriceHK$0.5000

Fair ValueHK$0.5000

Upside+0.0%

Quality56/100

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Evidence: Low Range HK$0.3300 – HK$0.6200

Fair value as of: Jul 2, 2026

From 1 valuation models · updated today

Share price +31.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0224 – HK$0.7300 · fair‑value band HK$0.3300 – HK$0.6200 · the HK$0.5000 price screens below the HK$0.5000 fair value. As of Jul 2, 2026.

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Analysis

1894 (1894) currently trades at HK$0.5000, while our model-based Fair Value estimate is HK$0.5000 — implying the stock looks roughly 0.0% undervalued today. We read business quality at 56/100 (solid 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: low) — always confirm before acting.

Over the trailing twelve months, 1894 generated revenue of HK$199M at a net margin of -9.6%. Revenue grew 14.4% year over year. It earns a return on equity of -12.8%. The balance sheet holds a net cash position of HK$17.0M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$199M

Revenue growth (YoY) +14.4%

Net margin -9.6%

Return on equity -12.8%

Free cash flow −HK$55.7M FY2025

Operating margin -11.6%

More key figures

EPS (TTM) HK$-0.0200

EPS growth (YoY) +3.6%

Net cash HK$17.0M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1894 reported revenue of HK$188M in FY2025 versus HK$210M in FY2021, a compound −2.7%/yr. Reported net income was −HK$24.0M in FY2025.

Revenue −2.7%/yr

FY21 HK$210M

FY22 HK$204M

FY23 HK$185M

FY24 HK$157M

FY25 HK$188M

Net income

FY21 −HK$81.6M

FY22 HK$19.7M

FY23 −HK$546K

FY24 −HK$4.1M

FY25 −HK$24.0M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Tata Steel Limited TTST	$22.20	$11.06	-50%
Nucor Corporation NUE	$250.49	$79.02	-68%
ArcelorMittal S.A ARMT34	R$172.80	R$119.18	-31%
JSW Steel Limited JSWSTEEL	₹1,242	₹1,140	-8%
China Steel Corporation 2002A	38.25 TWD	9.37 TWD	-76%
Baoshan Iron & Steel Co 600019	¥5.75	¥8.07	+40%

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Frequently asked questions

Is 1894 (1894) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.5000 versus a price of HK$0.5000 — about +0% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1894?

Our model-based fair value for 1894 is HK$0.5000 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5000.

What is the quality score of 1894?

1894 has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1894 (1894)?

1894 reported trailing-twelve-month revenue of about HK$199M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1894?

The net profit margin of 1894 is about -9.6%, 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.