2362 (2362) Fair Value & Analysis

Basic Materials · Market cap HK$8.4B

2 2362 2362 · HK

PriceHK$0.6360

Fair ValueHK$0.3900

Upside-38.7%

Quality45/100

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Evidence: Medium Range HK$0.3900 – HK$0.3900

Fair value as of: Jul 2, 2026

From 16 valuation models · updated today

Share price −0.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.6360 – HK$0.6380 · the HK$0.6360 price screens above the HK$0.3900 fair value. As of Jul 2, 2026.

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Analysis

2362 (2362) currently trades at HK$0.6360, while our model-based Fair Value estimate is HK$0.3900 — implying the stock looks roughly 38.7% overvalued today. We read business quality at 45/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, 2362 generated revenue of HK$482M at a net margin of 6.8%. Revenue grew 7.4% year over year. It earns a return on equity of 3.2%. Net debt stands at HK$416M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$482M

Revenue growth (YoY) +7.4%

Net margin 6.8%

Return on equity 3.2%

Free cash flow −HK$96.5M FY2025

P/E ratio 32.0

More key figures

Operating margin 15.0%

EPS growth (YoY) -19.6%

Net debt HK$416M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2362 reported revenue of HK$483M in FY2025 versus HK$832M in FY2021, a compound −12.7%/yr. Reported net income was HK$32.7M in FY2025, compounding −33.0%/yr from FY2021.

Revenue −12.7%/yr

FY21 HK$832M

FY22 HK$882M

FY23 HK$639M

FY24 HK$562M

FY25 HK$483M

Net income −33.0%/yr

FY21 HK$162M

FY22 HK$6.9M

FY23 −HK$11.6M

FY24 −HK$2.5M

FY25 HK$32.7M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Southern Copper Corporation SCCO	$172.97	$92.65	-46%
Freeport-McMoRan Inc FCX	$62.08	$15.71	-75%
Antofagasta plc ANFGF	$54.00	$23.43	-57%
First Quantum Minerals Ltd FQVLF	$29.63	$6.72	-77%
Lundin Mining Corporation LUMI	kr 239.40	kr 182.03	-24%
Jiangxi Copper Company 600362	¥44.36	¥59.12	+33%

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Frequently asked questions

Is 2362 (2362) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.3900 versus a price of HK$0.6360 — about −39% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2362?

Our model-based fair value for 2362 is HK$0.3900 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.6360.

What is the quality score of 2362?

2362 has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2362 (2362)?

2362 reported trailing-twelve-month revenue of about HK$482M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2362?

The net profit margin of 2362 is about 6.8%, meaning it keeps roughly 6.8% 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.