2018 (2018) Fair Value & Analysis

Technology · Market cap HK$46.2B

2 2018 2018 · HK

PriceHK$40.66

Fair ValueHK$43.41

Upside+6.8%

Quality62/100

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Evidence: High Range HK$32.56 – HK$54.27

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price −14.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$31.75 – HK$49.95 · fair‑value band HK$32.56 – HK$54.27 · the HK$40.66 price screens below the HK$43.41 fair value. As of Jul 2, 2026.

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Analysis

2018 (2018) currently trades at HK$40.66, while our model-based Fair Value estimate is HK$43.41 — implying the stock looks roughly 6.8% undervalued today. We read business quality at 62/100 (solid quality), in the Technology 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, 2018 generated revenue of HK$31.8B at a net margin of 7.9%. Revenue grew 15.0% year over year. It earns a return on equity of 10.6%. Net debt stands at HK$2.2B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$31.8B

Revenue growth (YoY) +15.0%

Net margin 7.9%

Return on equity 10.6%

Free cash flow HK$4.5B FY2025

P/E ratio 16.1

More key figures

Operating margin 9.8%

EPS (TTM) HK$0.7600

Dividend yield 0.7%

EPS growth (YoY) +32.9%

Net debt HK$2.2B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2018 reported revenue of HK$31.8B in FY2025 versus HK$17.7B in FY2021, a compound +15.8%/yr. Reported net income was HK$2.5B in FY2025, compounding +17.5%/yr from FY2021.

Revenue +15.8%/yr

FY21 HK$17.7B

FY22 HK$20.6B

FY23 HK$20.4B

FY24 HK$27.3B

FY25 HK$31.8B

Net income +17.5%/yr

FY21 HK$1.3B

FY22 HK$821M

FY23 HK$740M

FY24 HK$1.8B

FY25 HK$2.5B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Cisco Systems, Inc CSCO	$118.80	$43.05	-64%
Foxconn Industrial Internet Co 601138	¥71.13	¥25.47	-64%
Zhongji Innolight Co 300308	¥1,382	¥223.88	-84%
Eoptolink Technology Inc 300502	¥579.97	¥252.67	-56%
Nokia Oyj NOKIA	291.00 CZK	78.99 CZK	-73%
Motorola Solutions, Inc MSI	$392.23	$190.24	-51%

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Frequently asked questions

Is 2018 (2018) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$43.41 versus a price of HK$40.66 — about +7% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2018?

Our model-based fair value for 2018 is HK$43.41 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$40.66.

What is the quality score of 2018?

2018 has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2018 (2018)?

2018 reported trailing-twelve-month revenue of about HK$31.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2018?

The net profit margin of 2018 is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.

Does 2018 pay a dividend?

2018 currently shows a dividend yield of about 0.74% 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.