1897 (1897) Fair Value & Analysis

Industrials · Market cap HK$180M

1 1897 1897 · HK

PriceHK$0.4450

Fair ValueHK$0.3100

Upside-30.3%

Quality59/100

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Evidence: High Range HK$0.2300 – HK$0.3900

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Price vs Fair Value (12 months)

12‑month range HK$0.4001 – HK$0.5200 · fair‑value band HK$0.2300 – HK$0.3900 · the HK$0.4450 price screens above the HK$0.3100 fair value. As of Jul 2, 2026.

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Analysis

1897 (1897) currently trades at HK$0.4450, while our model-based Fair Value estimate is HK$0.3100 — implying the stock looks roughly 30.3% overvalued today. We read business quality at 59/100 (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: high).

Over the trailing twelve months, 1897 generated revenue of HK$320M at a net margin of 1.9%. Revenue grew 25.6% year over year. It earns a return on equity of 1.1%. The balance sheet holds a net cash position of HK$136M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$320M

Revenue growth (YoY) +25.6%

Net margin 1.9%

Return on equity 1.1%

Free cash flow HK$31.0M FY2025

P/E ratio 44.5

More key figures

Operating margin 0.4%

Dividend yield 2.0%

EPS growth (YoY) +119%

Net cash HK$136M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

1897 reported revenue of HK$320M in FY2026 versus HK$718M in FY2022, a compound −18.3%/yr. Reported net income was HK$6.0M in FY2026, compounding −29.8%/yr from FY2022.

Revenue −18.3%/yr

FY22 HK$718M

FY23 HK$607M

FY24 HK$604M

FY25 HK$412M

FY26 HK$320M

Net income −29.8%/yr

FY22 HK$24.6M

FY23 HK$12.1M

FY24 HK$11.5M

FY25 HK$9.1M

FY26 HK$6.0M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Trane Technologies plc TT	$456.84	$192.91	-58%
Johnson Controls International plc JCI	$143.65	$28.67	-80%
Carrier Global Corporation CARR	$71.85	$17.22	-76%
Compagnie de Saint-Gobain S.A CODGF	$89.95	$114.91	+28%
Daikin Industries,Ltd. DKILF	$149.65	$113.38	-24%
Geberit AG GBERF	$661.46	$380.35	-42%

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Frequently asked questions

Is 1897 (1897) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3100 versus a price of HK$0.4450 — about −30% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1897?

Our model-based fair value for 1897 is HK$0.3100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4450.

What is the quality score of 1897?

1897 has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1897 (1897)?

1897 reported trailing-twelve-month revenue of about HK$320M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1897?

The net profit margin of 1897 is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.

Does 1897 pay a dividend?

1897 currently shows a dividend yield of about 2.02% 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.