2149 (2149) Fair Value & Analysis

Technology · Market cap HK$2.0B

2 2149 2149 · HK

PriceHK$31.30

Fair ValueHK$47.82

Upside+52.8%

Quality31/100

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Evidence: Medium Range HK$36.51 – HK$59.14

Fair value as of: Jul 2, 2026

From 14 valuation models · updated today

Share price −22.7% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$30.12 – HK$66.80 · fair‑value band HK$36.51 – HK$59.14 · the HK$31.30 price screens below the HK$47.82 fair value. As of Jul 2, 2026.

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Analysis

2149 (2149) currently trades at HK$31.30, while our model-based Fair Value estimate is HK$47.82 — implying the stock looks roughly 52.8% undervalued today. We read business quality at 31/100 (below-average 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: medium) — always confirm before acting.

Over the trailing twelve months, 2149 generated revenue of HK$584M at a net margin of 20.9%. Revenue grew 1.4% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of HK$163M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$584M

Revenue growth (YoY) +1.4%

Net margin 20.9%

Return on equity 10.7%

Free cash flow −HK$111M FY2026

P/E ratio 13.8

More key figures

Operating margin 16.8%

EPS (TTM) HK$1.27

EPS growth (YoY) -57.5%

Net cash HK$163M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

2149 reported revenue of HK$584M in FY2026 versus HK$213M in FY2022, a compound +28.7%/yr. Reported net income was HK$119M in FY2026, compounding +20.2%/yr from FY2022.

Revenue +28.7%/yr

FY22 HK$213M

FY23 HK$410M

FY24 HK$464M

FY25 HK$579M

FY26 HK$584M

Net income +20.2%/yr

FY22 HK$57.0M

FY23 HK$95.3M

FY24 HK$109M

FY25 HK$167M

FY26 HK$119M

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

Stock	Price	Fair Value	vs Fair Value
ASML Holding ASMLF	$1,786	$501.77	-72%
Applied Materials, Inc AMAT	C$66.36	C$11.29	-83%
Lam Research Corporation LRCX	$303.28	$101.48	-67%
KLA Corporation KLAC	$2,136	$742.75	-65%
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Frequently asked questions

Is 2149 (2149) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$47.82 versus a price of HK$31.30 — about +53% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2149?

Our model-based fair value for 2149 is HK$47.82 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$31.30.

What is the quality score of 2149?

2149 has a Quality Score of 31/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2149 (2149)?

2149 reported trailing-twelve-month revenue of about HK$584M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2149?

The net profit margin of 2149 is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. 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.