1997 (1997) Fair Value & Analysis

Real Estate · Market cap HK$65.8B

1 1997 1997 · HK

PriceHK$21.46

Fair ValueHK$40.10

Upside+86.9%

Quality58/100

Evidence: High Range HK$29.71 – HK$56.54

Fair value as of: Jul 2, 2026

From 15 valuation models · updated today

Share price −11.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$20.87 – HK$28.08 · fair‑value band HK$29.71 – HK$56.54 · the HK$21.46 price screens below the HK$40.10 fair value. As of Jul 2, 2026.

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Analysis

1997 (1997) currently trades at HK$21.46, while our model-based Fair Value estimate is HK$40.10 — implying the stock looks roughly 86.9% undervalued today. We read business quality at 58/100 (solid 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: high) — always confirm before acting.

Over the trailing twelve months, 1997 generated revenue of HK$12.8B at a net margin of -33.2%. It earns a return on equity of -2.3%. Net debt stands at HK$32.0B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$12.8B

Net margin -33.2%

Return on equity -2.3%

Free cash flow HK$6.7B FY2025

Operating margin 72.8%

EPS (TTM) HK$-0.7900

More key figures

Dividend yield 6.2%

EPS growth (YoY) -34.4%

Net debt HK$32.0B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1997 reported revenue of HK$12.8B in FY2025 versus HK$16.0B in FY2021, a compound −5.5%/yr. Reported net income was −HK$4.3B in FY2025.

Revenue −5.5%/yr

FY21 HK$16.0B

FY22 HK$12.4B

FY23 HK$13.3B

FY24 HK$12.9B

FY25 HK$12.8B

Net income

FY21 HK$4.4B

FY22 −HK$8.9B

FY23 HK$4.8B

FY24 HK$891M

FY25 −HK$4.3B

Is 1997 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Vingroup Joint Stock Company VIC	219,800 VND	33,299 VND	-85%
CBRE Group CBRE	$127.86	$81.43	-36%
1972 1972	HK$20.40	HK$18.75	-8%
1209 1209	HK$36.68	HK$34.70	-5%
Plaza S.A MALLPLAZA	3,800 CLP	5,905 CLP	+55%
SAGAB SAGAB	kr 148.00	kr 174.10	+18%

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Frequently asked questions

Is 1997 (1997) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$40.10 versus a price of HK$21.46 — about +87% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1997?

Our model-based fair value for 1997 is HK$40.10 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$21.46.

What is the quality score of 1997?

1997 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1997 (1997)?

1997 reported trailing-twelve-month revenue of about HK$12.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1997?

The net profit margin of 1997 is about -33.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

Does 1997 pay a dividend?

1997 currently shows a dividend yield of about 6.17% 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.