Watts International Maritime Company (2258) Fair Value & Analysis
Industrials · HK · Market cap HK$252M
Fair value as of: Aug 5, 2026
From 25 valuation models · updated 6 days ago
Fair value updated Aug 5, 2026, revised from HK$0.9700 to HK$0.9800 (+1.0%) since Jul 2, 2026. Share price −8.3% over the past month.
A solid business, screening 197% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$0.7300). The market is more pessimistic than our downside scenario.
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.
How to read this chart
60‑month range HK$0.1437 – HK$2.90 · fair‑value band HK$0.7300 – HK$1.22 · the HK$0.3300 price screens below the HK$0.9800 fair value. Dashed = 300-day average. As of Aug 5, 2026.
Analysis
Watts International Maritime Company (2258) currently trades at HK$0.3300, while our model-based Fair Value estimate is HK$0.9800, implying the stock looks roughly 197.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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: high), always confirm before acting.
Over the trailing twelve months, Watts International Maritime Company generated revenue of HK$1.9B at a net margin of 1.8%. Revenue grew 38.0% year over year. It earns a return on equity of 4.7%. The balance sheet holds a net cash position of HK$227M. Fundamentals as of Aug 5, 2026
Our scenario range runs from HK$0.7300 (bear case) to HK$1.22 (bull case); at HK$0.3300, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 167% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 25% fair-value upside, at 197%, 2258 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: DCF Models (HK$1.17) versus Dividend Discount (HK$0.0800). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 66
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Watts International Maritime Company Limited, an investment holding company, provides port, waterway, marine engineering, and municipal public engineering services in the People's Republic of China and Southeast Asia. It operates through two segments, Municipal Public Construction and Marine Construction.
Full company description
Watts International Maritime Company Limited, an investment holding company, provides port, waterway, marine engineering, and municipal public engineering services in the People's Republic of China and Southeast Asia. It operates through two segments, Municipal Public Construction and Marine Construction. The Marine Construction segment includes infrastructure construction of ports, waterway engineering, environmental technology engineering services, and other services. The Municipal Public Construction segment engages in the construction of public infrastructure within cities, urban greening, and construction of buildings. The company was formerly known as Watts International Maritime Engineering Limited and changed its name to Watts International Maritime Company Limited in January 2022. Watts International Maritime Company Limited was incorporated in 2017 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Watts International Maritime Company reported revenue of HK$1.9B in FY2025 versus HK$2.3B in FY2021, a compound −4.5%/yr. Reported net income was HK$33.1M in FY2025, compounding −8.4%/yr from FY2021.
of which total revenue +6.3 pp · buybacks/dilution +0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch 2258: get an alert when its fair value changes →
Peer Group
Infrastructure Operations · 64 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Infrastructure Operations median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Merchants Expressway Network & Technology Holdings 001965 | ¥9.88 | ¥9.16 | -7% |
| Jiangsu Expressway Company 600377 | ¥11.86 | ¥15.32 | +29% |
| Shandong Hi-speed Company 600350 | ¥10.86 | ¥8.68 | -20% |
| Impulsora del Desarrollo y el Empleo en América Latina, S.A. IDEALB1 | 43.00 MXN | 43.57 MXN | +1% |
| Promotora y Operadora de Infraestructura, S. A. B. de C. V. PINFRA | 281.25 MXN | 945.00 MXN | +236% |
| Motiva Infraestrutura de Mobilidade S.A MOTV3 | R$14.82 | R$29.18 | +97% |
| Zhejiang Expressway Co 0576 | HK$6.16 | HK$18.35 | +198% |
| Anhui Expressway Company 600012 | ¥16.31 | ¥14.90 | -9% |
| Guangdong Provincial Expressway Development Co 000429 | ¥14.33 | ¥17.93 | +25% |
| Shenzhen Expressway Corporation 600548 | ¥8.35 | ¥7.70 | -8% |
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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.
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