2110 (2110) Fair Value & Analysis

Industrials · Market cap HK$41.5M

2 2110 2110 · HK

PriceHK$0.0960

Fair ValueHK$0.0614

Upside-36.0%

Quality44/100

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Evidence: Low Range HK$0.0422 – HK$0.0710

Fair value as of: Jul 2, 2026

From 1 valuation models · updated today

Share price +2.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0880 – HK$0.2800 · fair‑value band HK$0.0422 – HK$0.0710 · the HK$0.0960 price screens above the HK$0.0614 fair value. As of Jul 2, 2026.

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Analysis

2110 (2110) currently trades at HK$0.0960, while our model-based Fair Value estimate is HK$0.0614 — implying the stock looks roughly 36.0% overvalued today. We read business quality at 44/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, 2110 generated revenue of HK$154M at a net margin of -27.5%. Revenue declined 45.2% year over year. It earns a return on equity of -89.2%. The balance sheet holds a net cash position of HK$22.8M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$154M

Revenue growth (YoY) -45.2%

Net margin -27.5%

Return on equity -89.2%

Free cash flow −HK$12.8M FY2025

Operating margin -35.5%

More key figures

EPS growth (YoY) -58.4%

Net cash HK$22.8M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2110 reported revenue of HK$203M in FY2025 versus HK$346M in FY2021, a compound −12.5%/yr. Reported net income was −HK$34.5M in FY2025.

Revenue −12.5%/yr

FY21 HK$346M

FY22 HK$212M

FY23 HK$198M

FY24 HK$223M

FY25 HK$203M

Net income

FY21 HK$37.6M

FY22 HK$16.7M

FY23 −HK$87.1M

FY24 −HK$44.1M

FY25 −HK$34.5M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Larsen & Toubro Limited LTOD	$0.4415	$0.5700	+29%
Samsung C&T Corporation 028260	520,000 KRW	268,469 KRW	-48%
China State Construction Engineering Corporation 601668	¥4.65	¥17.35	+273%
TopBuild Corp BLD	7,547 MXN	324.01 MXN	-96%
000720 000720	115,100 KRW	64,227 KRW	-44%
United Integrated Services Co 2404	1,195 TWD	1,681 TWD	+41%

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Frequently asked questions

Is 2110 (2110) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0614 versus a price of HK$0.0960 — about −36% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2110?

Our model-based fair value for 2110 is HK$0.0614 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.0960.

What is the quality score of 2110?

2110 has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2110 (2110)?

2110 reported trailing-twelve-month revenue of about HK$154M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2110?

The net profit margin of 2110 is about -27.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.