2340 (2340) Fair Value & Analysis

Industrials · Market cap HK$129M

2 2340 2340 · HK

PriceHK$0.1690

Fair ValueHK$0.1700

Upside+0.6%

Quality42/100

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Evidence: Low Range HK$0.1100 – HK$0.2100

Fair value as of: Jul 2, 2026

From 1 valuation models · updated today

Share price +14.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1400 – HK$0.1980 · fair‑value band HK$0.1100 – HK$0.2100 · the HK$0.1690 price screens below the HK$0.1700 fair value. As of Jul 2, 2026.

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Analysis

2340 (2340) currently trades at HK$0.1690, while our model-based Fair Value estimate is HK$0.1700 — implying the stock looks roughly 0.6% undervalued today. We read business quality at 42/100 (below-average 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: low) — always confirm before acting.

Over the trailing twelve months, 2340 generated revenue of HK$153M at a net margin of -31.9%. Revenue grew 57.4% year over year. It earns a return on equity of -35.1%. The balance sheet holds a net cash position of HK$79.2M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$153M

Revenue growth (YoY) +57.4%

Net margin -31.9%

Return on equity -35.1%

Free cash flow −HK$46.2M FY2025

P/E ratio 2.1

More key figures

Operating margin -30.8%

EPS (TTM) HK$-0.0400

EPS growth (YoY) +2,319%

Net cash HK$79.2M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2340 reported revenue of HK$153M in FY2025 versus HK$431M in FY2021, a compound −22.7%/yr. Reported net income was −HK$49.0M in FY2025.

Revenue −22.7%/yr

FY21 HK$431M

FY22 HK$225M

FY23 HK$155M

FY24 HK$105M

FY25 HK$153M

Net income

FY21 HK$19.6M

FY22 HK$437M

FY23 −HK$15.2M

FY24 −HK$33.5M

FY25 −HK$49.0M

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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 2340 (2340) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.1700 versus a price of HK$0.1690 — about +1% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2340?

Our model-based fair value for 2340 is HK$0.1700 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.1690.

What is the quality score of 2340?

2340 has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2340 (2340)?

2340 reported trailing-twelve-month revenue of about HK$153M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2340?

The net profit margin of 2340 is about -31.9%, 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.