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1986 (1986) Fair Value & Analysis

Basic Materials · Market cap HK$813M

1 1986 1986 · HK
PriceHK$0.8500
Fair ValueHK$0.8200
Upside-3.5%
Quality56/100
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Evidence: Medium Range HK$0.7600 – HK$0.8700

Fair value as of: Jul 2, 2026

From 16 valuation models · updated today

Share price −21.3% over the past month.

Price vs Fair Value (12 months)

HK$1.16 HK$0.6963 Fair Value HK$0.8200 Jun 2025 Jul 2026

12‑month range HK$0.6963 – HK$1.16 · fair‑value band HK$0.7600 – HK$0.8700 · the HK$0.8500 price screens above the HK$0.8200 fair value. As of Jul 2, 2026.

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Analysis

1986 (1986) currently trades at HK$0.8500, while our model-based Fair Value estimate is HK$0.8200 — implying the stock looks roughly 3.5% overvalued today. We read business quality at 56/100 (solid quality), in the Basic Materials 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: medium).

Over the trailing twelve months, 1986 generated revenue of HK$1.9B at a net margin of -0.3%. Revenue declined 14.4% year over year. It earns a return on equity of 1.5%. Net debt stands at HK$3.7M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.9B
Revenue growth (YoY) -14.4%
Net margin -0.3%
Return on equity 1.5%
Free cash flow HK$121M FY2025
Operating margin 2.2%
More key figures
EPS (TTM) HK$0.0100
Dividend yield 2.2%
EPS growth (YoY) -39.0%
Net debt HK$3.7M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1986 reported revenue of HK$1.9B in FY2025 versus HK$1.8B in FY2021, a compound +1.9%/yr. Reported net income was −HK$5.3M in FY2025.

Revenue +1.9%/yr
FY21 HK$1.8B
FY22 HK$2.1B
FY23 HK$2.1B
FY24 HK$2.2B
FY25 HK$1.9B
Net income
FY21 HK$226M
FY22 HK$242M
FY23 HK$29.1M
FY24 −HK$21.1M
FY25 −HK$5.3M

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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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L'Air Liquide S.A AIQUY $38.20 $13.08 -66%
Air Products and Chemicals, Inc A1PD34 R$360.05 R$108.63 -70%
Intercontinental Exchange, Inc I1CE34 R$334.47 R$67.12 -80%
Wanhua Chemical Group 600309 ¥74.30 ¥68.03 -8%
Asian Paints Limited ASIANPAINT ₹2,715 ₹655.71 -76%

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Frequently asked questions

Is 1986 (1986) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$0.8200 versus a price of HK$0.8500 — about −4% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 1986?
Our model-based fair value for 1986 is HK$0.8200 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.8500.
What is the quality score of 1986?
1986 has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 1986 (1986)?
1986 reported trailing-twelve-month revenue of about HK$1.9B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 1986?
The net profit margin of 1986 is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does 1986 pay a dividend?
1986 currently shows a dividend yield of about 2.18% 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.