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2168 (2168) Fair Value & Analysis

Real Estate · Market cap HK$142M

2 2168 2168 · HK
PriceHK$0.8600
Fair ValueHK$0.7444
Upside-13.4%
Quality39/100
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Evidence: Medium Range HK$0.5574 – HK$0.9314

Fair value as of: Jul 2, 2026

From 17 valuation models · updated today

Share price −16.5% over the past month.

Price vs Fair Value (12 months)

HK$2.20 HK$0.8600 Fair Value HK$0.7444 Jun 2025 Jul 2026

12‑month range HK$0.8600 – HK$2.20 · fair‑value band HK$0.5574 – HK$0.9314 · the HK$0.8600 price screens above the HK$0.7444 fair value. As of Jul 2, 2026.

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Analysis

2168 (2168) currently trades at HK$0.8600, while our model-based Fair Value estimate is HK$0.7444 — implying the stock looks roughly 13.4% overvalued today. We read business quality at 39/100 (below-average quality), in the Real Estate 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: medium).

Over the trailing twelve months, 2168 generated revenue of HK$1.6B at a net margin of 0.8%. Revenue declined 5.7% year over year. It earns a return on equity of 2.5%. The balance sheet holds a net cash position of HK$221M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.6B
Revenue growth (YoY) -5.7%
Net margin 0.8%
Return on equity 2.5%
Free cash flow −HK$8.5M FY2025
P/E ratio 9.2
More key figures
Operating margin 2.6%
EPS (TTM) HK$0.3100
EPS growth (YoY) +7.8%
Net cash HK$221M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2168 reported revenue of HK$1.6B in FY2025 versus HK$2.7B in FY2021, a compound −11.8%/yr. Reported net income was HK$13.2M in FY2025, compounding −30.6%/yr from FY2021.

Revenue −11.8%/yr
FY21 HK$2.7B
FY22 HK$1.8B
FY23 HK$1.8B
FY24 HK$1.7B
FY25 HK$1.6B
Net income −30.6%/yr
FY21 HK$56.8M
FY22 HK$93.4M
FY23 −HK$450M
FY24 HK$14.6M
FY25 HK$13.2M

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

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Frequently asked questions

Is 2168 (2168) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$0.7444 versus a price of HK$0.8600 — about −13% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 2168?
Our model-based fair value for 2168 is HK$0.7444 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.8600.
What is the quality score of 2168?
2168 has a Quality Score of 39/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2168 (2168)?
2168 reported trailing-twelve-month revenue of about HK$1.6B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 2168?
The net profit margin of 2168 is about 0.8%, meaning it keeps roughly 0.8% 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.