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2321 (2321) Fair Value & Analysis

Consumer Defensive · Market cap HK$500M

2 2321 2321 · HK
PriceHK$0.5000
Fair ValueHK$0.6100
Upside+22.0%
Quality61/100
Watch 2321 for free — get notified when fair value or trend changes. Watch for free
Evidence: High Range HK$0.4800 – HK$1.09

Fair value as of: Jul 2, 2026

From 17 valuation models · updated today

Share price +1.0% over the past month.

Price vs Fair Value (12 months)

HK$0.5600 HK$0.3780 Fair Value HK$0.6100 Jun 2025 Jul 2026

12‑month range HK$0.3780 – HK$0.5600 · fair‑value band HK$0.4800 – HK$1.09 · the HK$0.5000 price screens below the HK$0.6100 fair value. As of Jul 2, 2026.

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Analysis

2321 (2321) currently trades at HK$0.5000, while our model-based Fair Value estimate is HK$0.6100 — implying the stock looks roughly 22.0% undervalued today. We read business quality at 61/100 (solid quality), in the Consumer Defensive 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, 2321 generated revenue of HK$933M at a net margin of 3.6%. Revenue grew 5.4% year over year. It earns a return on equity of 12.7%. Net debt stands at HK$55.4M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$933M
Revenue growth (YoY) +5.4%
Net margin 3.6%
Return on equity 12.7%
Free cash flow −HK$5.6M FY2025
P/E ratio 8.3
More key figures
Operating margin 3.9%
EPS (TTM) HK$0.0200
EPS growth (YoY) -9.7%
Net debt HK$55.4M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2321 reported revenue of HK$933M in FY2025 versus HK$669M in FY2021, a compound +8.7%/yr. Reported net income was HK$33.2M in FY2025, compounding +9.0%/yr from FY2021.

Revenue +8.7%/yr
FY21 HK$669M
FY22 HK$836M
FY23 HK$932M
FY24 HK$913M
FY25 HK$933M
Net income +9.0%/yr
FY21 HK$23.6M
FY22 HK$26.8M
FY23 HK$27.1M
FY24 HK$28.1M
FY25 HK$33.2M

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Frequently asked questions

Is 2321 (2321) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$0.6100 versus a price of HK$0.5000 — about +22% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2321?
Our model-based fair value for 2321 is HK$0.6100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.5000.
What is the quality score of 2321?
2321 has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2321 (2321)?
2321 reported trailing-twelve-month revenue of about HK$933M (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 2321?
The net profit margin of 2321 is about 3.6%, meaning it keeps roughly 3.6% 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.