1932 (1932) Fair Value & Analysis
Basic Materials · Market cap HK$183M
Fair value as of: Jul 2, 2026
From 1 valuation models · updated today
Share price −28.2% over the past month.
Price vs Fair Value (12 months)
12‑month range HK$0.1210 – HK$0.4400 · fair‑value band HK$0.1800 – HK$0.3500 · the HK$0.1760 price screens below the HK$0.2400 fair value. As of Jul 2, 2026.
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1932 (1932) currently trades at HK$0.1760, while our model-based Fair Value estimate is HK$0.2400 — implying the stock looks roughly 36.4% undervalued today. We read business quality at 49/100 (below-average 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, 1932 generated revenue of HK$241M at a net margin of -19.1%. Revenue declined 22.1% year over year. It earns a return on equity of -12.5%. Net debt stands at HK$9.6M. Fundamentals as of Jul 2, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
1932 reported revenue of HK$241M in FY2025 versus HK$843M in FY2021, a compound −26.9%/yr. Reported net income was −HK$46.0M in FY2025.
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6 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).
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| Intercontinental Exchange, Inc I1CE34 | R$367.00 | R$311.38 | -15% |
| Wanhua Chemical Group 600309 | ¥67.90 | ¥46.52 | -31% |
| Asian Paints Limited ASIANPAINT | ₹2,687 | ₹655.71 | -76% |
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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.