2326 (2326) Fair Value & Analysis

Basic Materials · Market cap HK$211M

2 2326 2326 · HK

PriceHK$0.0100

Fair ValueHK$0.0100

Upside+0.0%

Quality55/100

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Evidence: Low Range HK$0.0100 – HK$0.0100

Fair value as of: Jul 2, 2026

From 6 valuation models · updated today

Price vs Fair Value (12 months)

12‑month range HK$0.0100 – HK$0.0140 · the HK$0.0100 price screens below the HK$0.0100 fair value. As of Jul 2, 2026.

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Analysis

2326 (2326) currently trades at HK$0.0100, while our model-based Fair Value estimate is HK$0.0100 — implying the stock looks roughly 0.0% undervalued today. We read business quality at 55/100 (solid quality), in the Basic Materials 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: low) — always confirm before acting.

Over the trailing twelve months, 2326 generated revenue of HK$550M at a net margin of -6.9%. Revenue grew 27.4% year over year. It earns a return on equity of -9.6%. Net debt stands at HK$32.6M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$550M

Revenue growth (YoY) +27.4%

Net margin -6.9%

Return on equity -9.6%

Free cash flow −HK$3.5M FY2025

Operating margin -2.5%

More key figures

EPS growth (YoY) -44.3%

Net debt HK$32.6M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

2326 reported revenue of HK$776M in FY2026 versus HK$262M in FY2022, a compound +31.1%/yr. Reported net income was −HK$3.9M in FY2026.

Revenue +31.1%/yr

FY22 HK$262M

FY23 HK$1.9B

FY24 HK$864M

FY25 HK$470M

FY26 HK$776M

Net income

FY22 −HK$5.5M

FY23 HK$1.8M

FY24 −HK$30.8M

FY25 −HK$45.9M

FY26 −HK$3.9M

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Similar stocks

6 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
BHP Group BHP	$85.78	$60.26	-30%
Rio Tinto Group RTNTF	$129.57	$76.59	-41%
RIO RIO	A$179.44	A$99.42	-45%
Grupo México, S.A. GMBXF	$12.66	$9.58	-24%
CMOC Group CMCLY	$148.88	$119.76	-20%
Vale S.A VALEN	260.19 MXN	124.80 MXN	-52%

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Frequently asked questions

Is 2326 (2326) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0100 versus a price of HK$0.0100 — about +0% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2326?

Our model-based fair value for 2326 is HK$0.0100 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.0100.

What is the quality score of 2326?

2326 has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2326 (2326)?

2326 reported trailing-twelve-month revenue of about HK$550M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2326?

The net profit margin of 2326 is about -6.9%, 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.