1918 (1918) Fair Value & Analysis

Real Estate · Market cap HK$12.7B

1 1918 1918 · HK

PriceHK$0.6400

Fair ValueHK$1.33

Upside+107.8%

Quality24/100

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Evidence: Low Range HK$0.9900 – HK$1.98

Fair value as of: Jul 2, 2026

From 2 valuation models · updated today

Share price −31.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.6200 – HK$1.87 · fair‑value band HK$0.9900 – HK$1.98 · the HK$0.6400 price screens below the HK$1.33 fair value. As of Jul 2, 2026.

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Analysis

1918 (1918) currently trades at HK$0.6400, while our model-based Fair Value estimate is HK$1.33 — implying the stock looks roughly 107.8% undervalued today. We read business quality at 24/100 (below-average quality), in the Real Estate 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, 1918 generated revenue of HK$45.1B at a net margin of -27.3%. Revenue declined 36.8% year over year. It earns a return on equity of -26.9%. Net debt stands at HK$199B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$45.1B

Revenue growth (YoY) -36.8%

Net margin -27.3%

Return on equity -26.9%

Free cash flow −HK$3.1B FY2025

Operating margin 124%

More key figures

EPS (TTM) HK$-1.26

EPS growth (YoY) +8.4%

Net debt HK$199B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1918 reported revenue of HK$45.1B in FY2025 versus HK$198B in FY2021, a compound −30.9%/yr. Reported net income was −HK$12.3B in FY2025.

Revenue −30.9%/yr

FY21 HK$198B

FY22 HK$96.8B

FY23 HK$154B

FY24 HK$74.0B

FY25 HK$45.1B

Net income

FY21 −HK$38.3B

FY22 −HK$27.7B

FY23 −HK$8.0B

FY24 −HK$25.7B

FY25 −HK$12.3B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Vinhomes Joint Stock Company VHM	146,800 VND	367,000 VND	+150%
DLF Limited DLF	₹577.70	₹263.02	-54%
PT Pantai Indah Kapuk Dua Tbk, PANI	6,325 IDR	1,330 IDR	-79%
Lodha Developers Limited LODHA	₹894.45	₹721.45	-19%
Oberoi Realty Limited OBEROIRLTY	₹1,633	₹1,368	-16%
Godrej Properties Limited GODREJPROP	₹1,708	₹2,070	+21%

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Frequently asked questions

Is 1918 (1918) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.33 versus a price of HK$0.6400 — about +108% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1918?

Our model-based fair value for 1918 is HK$1.33 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.6400.

What is the quality score of 1918?

1918 has a Quality Score of 24/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1918 (1918)?

1918 reported trailing-twelve-month revenue of about HK$45.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1918?

The net profit margin of 1918 is about -27.3%, 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.