1906 (1906) Fair Value & Analysis

Consumer Cyclical · Market cap HK$721M

1 1906 1906 · HK

PriceHK$0.4900

Fair ValueHK$0.3700

Upside-24.5%

Quality36/100

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Evidence: Low Range HK$0.3400 – HK$0.4100

Fair value as of: Jul 2, 2026

From 3 valuation models · updated today

Share price −1.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.2800 – HK$0.6100 · fair‑value band HK$0.3400 – HK$0.4100 · the HK$0.4900 price screens above the HK$0.3700 fair value. As of Jul 2, 2026.

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Analysis

1906 (1906) currently trades at HK$0.4900, while our model-based Fair Value estimate is HK$0.3700 — implying the stock looks roughly 24.5% overvalued today. We read business quality at 36/100 (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: low).

Over the trailing twelve months, 1906 generated revenue of HK$232M at a net margin of -24.5%. Revenue declined 5.8% year over year. It earns a return on equity of -17.4%. Net debt stands at HK$207M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$232M

Revenue growth (YoY) -5.8%

Net margin -24.5%

Return on equity -17.4%

Free cash flow −HK$26.9M FY2025

Operating margin -11.3%

More key figures

EPS growth (YoY) -82.1%

Net debt HK$207M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1906 reported revenue of HK$232M in FY2025 versus HK$249M in FY2021, a compound −1.7%/yr. Reported net income was −HK$56.8M in FY2025.

Revenue −1.7%/yr

FY21 HK$249M

FY22 HK$161M

FY23 HK$178M

FY24 HK$267M

FY25 HK$232M

Net income

FY21 −HK$6.5M

FY22 −HK$70.9M

FY23 −HK$45.3M

FY24 −HK$16.7M

FY25 −HK$56.8M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
H & M Hennes & Mauritz AB HMB	kr 165.70	kr 144.10	-13%
Ralph Lauren Corporation RL	$366.55	$365.78	-0%
Moncler S.p.A MONC	€53.84	€38.28	-29%
Gildan Activewear Inc GIL	$58.41	$37.01	-37%
LPP SA LPP	21,880 PLN	18,197 PLN	-17%
Levi Strauss & Co LEVI	$22.95	$14.47	-37%

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Frequently asked questions

Is 1906 (1906) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3700 versus a price of HK$0.4900 — about −24% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1906?

Our model-based fair value for 1906 is HK$0.3700 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4900.

What is the quality score of 1906?

1906 has a Quality Score of 36/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1906 (1906)?

1906 reported trailing-twelve-month revenue of about HK$232M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1906?

The net profit margin of 1906 is about -24.5%, 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.