2131 (2131) Fair Value & Analysis

Communication Services · Market cap HK$362M

2 2131 2131 · HK

PriceHK$0.4550

Fair ValueHK$0.5100

Upside+12.1%

Quality61/100

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Evidence: Medium Range HK$0.2100 – HK$0.6700

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Price vs Fair Value (12 months)

12‑month range HK$0.4550 – HK$0.4550 · fair‑value band HK$0.2100 – HK$0.6700 · the HK$0.4550 price screens below the HK$0.5100 fair value. As of Jul 2, 2026.

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Analysis

2131 (2131) currently trades at HK$0.4550, while our model-based Fair Value estimate is HK$0.5100 — implying the stock looks roughly 12.1% undervalued today. We read business quality at 61/100 (solid quality), in the Communication Services 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: medium) — always confirm before acting.

Over the trailing twelve months, 2131 generated revenue of HK$3.1B at a net margin of -14.6%. Revenue declined 3.8% year over year. It earns a return on equity of -39.7%. Net debt stands at HK$57.6M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$3.1B

Revenue growth (YoY) -3.8%

Net margin -14.6%

Return on equity -39.7%

Free cash flow HK$131M FY2023

Operating margin 2.5%

More key figures

EPS growth (YoY) -25.9%

Net debt HK$57.6M FY2023

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

2131 reported revenue of HK$3.0B in FY2023 versus HK$2.3B in FY2019, a compound +6.8%/yr. Reported net income was HK$8.8M in FY2023, compounding −41.1%/yr from FY2019.

Revenue +6.8%/yr

FY19 HK$2.3B

FY20 HK$2.6B

FY21 HK$3.1B

FY22 HK$3.3B

FY23 HK$3.0B

Net income −41.1%/yr

FY19 HK$72.9M

FY20 HK$104M

FY21 HK$117M

FY22 −HK$179M

FY23 HK$8.8M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
AppLovin Corporation APP	$469.39	$253.58	-46%
Publicis Groupe S.A PGPEF	$103.00	$167.37	+62%
Omnicom Group OMC	$75.22	$147.93	+97%
Focus Media Information Technology Co 002027	¥5.39	¥4.08	-24%
The Trade Desk, Inc TT8	€15.65	€31.40	+101%
BlueFocus Intelligent Communications Group 300058	¥16.02	¥2.28	-86%

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Frequently asked questions

Is 2131 (2131) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.5100 versus a price of HK$0.4550 — about +12% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2131?

Our model-based fair value for 2131 is HK$0.5100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4550.

What is the quality score of 2131?

2131 has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2131 (2131)?

2131 reported trailing-twelve-month revenue of about HK$3.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2131?

The net profit margin of 2131 is about -14.6%, 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.