2349 (2349) Fair Value & Analysis

Real Estate · Market cap HK$247M

2 2349 2349 · HK

PriceHK$0.0790

Fair ValueHK$0.1114

Upside+41.0%

Quality53/100

Watch 2349 for free — get notified when fair value or trend changes. Watch for free

Evidence: Medium Range HK$0.0877 – HK$0.1509

Fair value as of: Jul 2, 2026

From 13 valuation models · updated today

Share price +8.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0550 – HK$0.1670 · fair‑value band HK$0.0877 – HK$0.1509 · the HK$0.0790 price screens below the HK$0.1114 fair value. As of Jul 2, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

2349 (2349) currently trades at HK$0.0790, while our model-based Fair Value estimate is HK$0.1114 — implying the stock looks roughly 41.0% undervalued today. We read business quality at 53/100 (solid quality), in the Real Estate 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: medium) — always confirm before acting.

Trailing-twelve-month revenue stands at HK$59.7M. Revenue grew 54.2% year over year. It earns a return on equity of -16.8%. Net debt stands at HK$382M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$59.7M

Revenue growth (YoY) +54.2%

Net margin -161%

Return on equity -16.8%

Free cash flow HK$3.4M FY2025

Operating margin 24.9%

More key figures

EPS (TTM) HK$-0.0100

Net debt HK$382M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2349 reported revenue of HK$59.7M in FY2025 versus HK$64.3M in FY2021, a compound −1.8%/yr. Reported net income was −HK$96.2M in FY2025.

Revenue −1.8%/yr

FY21 HK$64.3M

FY22 HK$65.6M

FY23 HK$51.8M

FY24 HK$48.4M

FY25 HK$59.7M

Net income

FY21 −HK$167M

FY22 −HK$114M

FY23 −HK$111M

FY24 −HK$65.8M

FY25 −HK$96.2M

Is 2349 fairly valued? → Check now

Similar stocks

6 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
Mitsubishi Estate Co MITEY	$25.55	$35.90	+41%
Mitsui Fudosan Co MTSFF	$9.20	$10.98	+19%
Henderson Land Development Company HLDVF	$3.70	$2.53	-32%
Swiss Prime Site AG SPSN	CHF 131.60	CHF 44.83	-66%
Central Pattana Public Company CPN	64.50 THB	79.02 THB	+23%
SM Prime Holdings SPHXF	$0.2801	$0.6700	+139%

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks

Frequently asked questions

Is 2349 (2349) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.1114 versus a price of HK$0.0790 — about +41% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2349?

Our model-based fair value for 2349 is HK$0.1114 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.0790.

What is the quality score of 2349?

2349 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2349 (2349)?

2349 reported trailing-twelve-month revenue of about HK$59.7M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2349?

The net profit margin of 2349 is about -161.1%, 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.