1920 (1920) Fair Value & Analysis

Industrials · Market cap HK$277M

1 1920 1920 · HK

PriceHK$0.5600

Fair ValueHK$0.3300

Upside-41.1%

Quality55/100

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Evidence: Low Range HK$0.2400 – HK$0.4100

Fair value as of: Jul 2, 2026

From 7 valuation models · updated today

Share price −12.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.3000 – HK$1.35 · fair‑value band HK$0.2400 – HK$0.4100 · the HK$0.5600 price screens above the HK$0.3300 fair value. As of Jul 2, 2026.

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Analysis

1920 (1920) currently trades at HK$0.5600, while our model-based Fair Value estimate is HK$0.3300 — implying the stock looks roughly 41.1% overvalued today. We read business quality at 55/100 (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: low).

Over the trailing twelve months, 1920 generated revenue of HK$125M at a net margin of -8.1%. Revenue declined 16.3% year over year. The balance sheet holds a net cash position of HK$23.0M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$125M

Revenue growth (YoY) -16.3%

Net margin -8.1%

Return on equity -120%

Free cash flow HK$10.4M FY2025

Operating margin -24.3%

More key figures

EPS growth (YoY) -68.5%

Net cash HK$23.0M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1920 reported revenue of HK$125M in FY2025 versus HK$117M in FY2021, a compound +1.6%/yr. Reported net income was −HK$10.1M in FY2025.

Revenue +1.6%/yr

FY21 HK$117M

FY22 HK$123M

FY23 HK$86.7M

FY24 HK$110M

FY25 HK$125M

Net income

FY21 −HK$83.2M

FY22 −HK$56.2M

FY23 −HK$51.6M

FY24 −HK$43.3M

FY25 −HK$10.1M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Larsen & Toubro Limited LTOD	$0.4415	$0.5700	+29%
Samsung C&T Corporation 028260	520,000 KRW	268,469 KRW	-48%
China State Construction Engineering Corporation 601668	¥4.65	¥17.35	+273%
TopBuild Corp BLD	7,547 MXN	324.01 MXN	-96%
000720 000720	130,300 KRW	55,602 KRW	-57%
United Integrated Services Co 2404	1,205 TWD	1,891 TWD	+57%

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Frequently asked questions

Is 1920 (1920) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3300 versus a price of HK$0.5600 — about −41% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1920?

Our model-based fair value for 1920 is HK$0.3300 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5600.

What is the quality score of 1920?

1920 has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1920 (1920)?

1920 reported trailing-twelve-month revenue of about HK$125M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1920?

The net profit margin of 1920 is about -8.1%, 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.