2102 (2102) Fair Value & Analysis

Industrials · Market cap HK$260M

2 2102 2102 · HK

PriceHK$0.2600

Fair ValueHK$0.5900

Upside+126.9%

Quality75/100

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Evidence: High Range HK$0.4400 – HK$0.7200

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −10.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1231 – HK$0.3200 · fair‑value band HK$0.4400 – HK$0.7200 · the HK$0.2600 price screens below the HK$0.5900 fair value. As of Jul 2, 2026.

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Analysis

2102 (2102) currently trades at HK$0.2600, while our model-based Fair Value estimate is HK$0.5900 — implying the stock looks roughly 126.9% undervalued today. We read business quality at 75/100 (high quality), in the Industrials 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, 2102 generated revenue of HK$329M at a net margin of 8.4%. Revenue declined 1.4% year over year. It earns a return on equity of 6.3%. The balance sheet holds a net cash position of HK$116M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$329M

Revenue growth (YoY) -1.4%

Net margin 8.4%

Return on equity 6.3%

Free cash flow HK$75.6M FY2025

P/E ratio 8.7

More key figures

Operating margin 10.0%

Dividend yield 13.2%

EPS growth (YoY) -4.2%

Net cash HK$116M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2102 reported revenue of HK$331M in FY2025 versus HK$486M in FY2021, a compound −9.2%/yr. Reported net income was HK$28.2M in FY2025, compounding −14.5%/yr from FY2021.

Revenue −9.2%/yr

FY21 HK$486M

FY22 HK$395M

FY23 HK$272M

FY24 HK$279M

FY25 HK$331M

Net income −14.5%/yr

FY21 HK$52.6M

FY22 HK$45.1M

FY23 HK$7.1M

FY24 HK$7.1M

FY25 HK$28.2M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Caterpillar Inc CAT	$1,022	$307.83	-70%
Deere & Company DE	$591.75	$128.61	-78%
DEER DEER	C$29.13	C$8.48	-71%
Sany Heavy Industry Co SNHIY	$11.25	$2.82	-75%
AB Volvo (publ), VLVLY	$33.35	$35.41	+6%
PACCAR Inc PCAR	$116.68	$71.72	-39%

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Frequently asked questions

Is 2102 (2102) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.5900 versus a price of HK$0.2600 — about +127% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2102?

Our model-based fair value for 2102 is HK$0.5900 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.2600.

What is the quality score of 2102?

2102 has a Quality Score of 75/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2102 (2102)?

2102 reported trailing-twelve-month revenue of about HK$329M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2102?

The net profit margin of 2102 is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.

Does 2102 pay a dividend?

2102 currently shows a dividend yield of about 13.21% 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.