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2169 (2169) Fair Value & Analysis

Industrials · Market cap HK$2.0B

2 2169 2169 · HK
PriceHK$0.5300
Fair ValueHK$0.2800
Upside-47.2%
Quality40/100
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Evidence: Medium Range HK$0.2000 – HK$0.3600

Fair value as of: Jul 2, 2026

From 14 valuation models · updated today

Share price −10.2% over the past month.

Price vs Fair Value (12 months)

HK$1.90 HK$0.5000 Fair Value HK$0.2800 Jun 2025 Jul 2026

12‑month range HK$0.5000 – HK$1.90 · fair‑value band HK$0.2000 – HK$0.3600 · the HK$0.5300 price screens above the HK$0.2800 fair value. As of Jul 2, 2026.

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Analysis

2169 (2169) currently trades at HK$0.5300, while our model-based Fair Value estimate is HK$0.2800 — implying the stock looks roughly 47.2% overvalued today. We read business quality at 40/100 (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: medium).

Over the trailing twelve months, 2169 generated revenue of HK$278M at a net margin of 20.8%. Revenue grew 15.4% year over year. It earns a return on equity of 7.0%. Net debt stands at HK$425M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$278M
Revenue growth (YoY) +15.4%
Net margin 20.8%
Return on equity 7.0%
Free cash flow −HK$49.1M FY2025
P/E ratio 26.5
More key figures
Operating margin 20.3%
EPS (TTM) HK$0.0100
EPS growth (YoY) -10.3%
Net debt HK$425M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2169 reported revenue of HK$278M in FY2025 versus HK$356M in FY2021, a compound −6.0%/yr. Reported net income was HK$57.9M in FY2025, compounding −7.0%/yr from FY2021.

Revenue −6.0%/yr
FY21 HK$356M
FY22 HK$333M
FY23 HK$349M
FY24 HK$259M
FY25 HK$278M
Net income −7.0%/yr
FY21 HK$77.4M
FY22 HK$68.1M
FY23 HK$59.0M
FY24 HK$56.5M
FY25 HK$57.9M

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Similar stocks

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

Stock Price Fair Value vs Fair Value
UNP UNP 4,617 MXN 1,568 MXN -66%
Union Pacific Corporation UPAC34 R$348.19 R$152.01 -56%
CSX Corporation CSX $46.16 $12.79 -72%
Canadian Pacific Kansas City Limited CP $90.15 $21.86 -76%
Canadian National Railway Company CNI $114.13 $92.95 -19%
Norfolk Southern Corporation NSC $304.17 $117.62 -61%

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Frequently asked questions

Is 2169 (2169) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$0.2800 versus a price of HK$0.5300 — about −47% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 2169?
Our model-based fair value for 2169 is HK$0.2800 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5300.
What is the quality score of 2169?
2169 has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2169 (2169)?
2169 reported trailing-twelve-month revenue of about HK$278M (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 2169?
The net profit margin of 2169 is about 20.8%, meaning it keeps roughly 20.8% 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.