2221 (2221) Fair Value & Analysis

Industrials · Market cap HK$165M

2 2221 2221 · HK

PriceHK$0.7100

Fair ValueHK$0.5400

Upside-23.9%

Quality32/100

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Evidence: Medium Range HK$0.1900 – HK$0.8800

Fair value as of: Jul 2, 2026

From 9 valuation models · updated today

Share price −5.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.5600 – HK$1.47 · fair‑value band HK$0.1900 – HK$0.8800 · the HK$0.7100 price screens above the HK$0.5400 fair value. As of Jul 2, 2026.

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Analysis

2221 (2221) currently trades at HK$0.7100, while our model-based Fair Value estimate is HK$0.5400 — implying the stock looks roughly 23.9% overvalued today. We read business quality at 32/100 (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, 2221 generated revenue of HK$737M at a net margin of -7.9%. Revenue declined 36.5% year over year. It earns a return on equity of -21.3%. Net debt stands at HK$139M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$737M

Revenue growth (YoY) -36.5%

Net margin -7.9%

Return on equity -21.3%

Free cash flow HK$20.2M FY2025

Operating margin -5.2%

More key figures

EPS (TTM) HK$-0.5200

Net debt HK$139M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2221 reported revenue of HK$929M in FY2025 versus HK$592M in FY2021, a compound +12.0%/yr. Reported net income was −HK$80.7M in FY2025.

Revenue +12.0%/yr

FY21 HK$592M

FY22 HK$655M

FY23 HK$545M

FY24 HK$628M

FY25 HK$929M

Net income

FY21 −HK$55.0M

FY22 HK$5.5M

FY23 −HK$20.8M

FY24 HK$2.9M

FY25 −HK$80.7M

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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	$0.4110	$0.0100	-98%
Samsung C&T Corporation 028260	407,500 KRW	236,704 KRW	-42%
China State Construction Engineering Corporation 601668	¥4.74	¥15.02	+217%
TopBuild Corp BLD	7,547 MXN	3,472 MXN	-54%
000720 000720	130,300 KRW	55,602 KRW	-57%
United Integrated Services Co 2404	1,205 TWD	1,891 TWD	+57%

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Frequently asked questions

Is 2221 (2221) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.5400 versus a price of HK$0.7100 — about −24% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2221?

Our model-based fair value for 2221 is HK$0.5400 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.7100.

What is the quality score of 2221?

2221 has a Quality Score of 32/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2221 (2221)?

2221 reported trailing-twelve-month revenue of about HK$737M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2221?

The net profit margin of 2221 is about -7.9%, 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.