2450 (2450) Fair Value & Analysis

Basic Materials · Market cap HK$1.3B

2 2450 2450 · HK

PriceHK$4.88

Fair ValueHK$0.8900

Upside-81.8%

Quality53/100

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Evidence: Medium Range HK$0.8900 – HK$2.27

Fair value as of: Jul 2, 2026

From 8 valuation models · updated today

Share price +5.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$2.20 – HK$5.19 · fair‑value band HK$0.8900 – HK$2.27 · the HK$4.88 price screens above the HK$0.8900 fair value. As of Jul 2, 2026.

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Analysis

2450 (2450) currently trades at HK$4.88, while our model-based Fair Value estimate is HK$0.8900 — implying the stock looks roughly 81.8% overvalued today. We read business quality at 53/100 (solid 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, 2450 generated revenue of HK$219M at a net margin of -13.2%. Revenue declined 26.9% year over year. It earns a return on equity of -7.1%. Net debt stands at HK$1.2B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$219M

Revenue growth (YoY) -26.9%

Net margin -13.2%

Return on equity -7.1%

Free cash flow −HK$223M FY2025

Operating margin 1.6%

More key figures

EPS growth (YoY) -54.1%

Net debt HK$1.2B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2450 reported revenue of HK$213M in FY2025 versus HK$370M in FY2021, a compound −12.9%/yr. Reported net income was −HK$28.1M in FY2025.

Revenue −12.9%/yr

FY21 HK$370M

FY22 HK$408M

FY23 HK$291M

FY24 HK$236M

FY25 HK$213M

Net income

FY21 HK$64.7M

FY22 HK$67.4M

FY23 HK$37.5M

FY24 −HK$22.0M

FY25 −HK$28.1M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
CRH plc CRH	$106.52	$64.08	-40%
Holcim AG HCMLY	$18.75	$9.07	-52%
Heidelberg Materials AG HEI	€185.15	€157.48	-15%
Vulcan Materials Company VMC	$281.38	$116.17	-59%
Martin Marietta Materials, Inc MLM	$609.88	$218.79	-64%
UltraTech Cement Limited ULTRACEMCO	₹10,912	₹4,589	-58%

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Frequently asked questions

Is 2450 (2450) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.8900 versus a price of HK$4.88 — about −82% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2450?

Our model-based fair value for 2450 is HK$0.8900 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$4.88.

What is the quality score of 2450?

2450 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2450 (2450)?

2450 reported trailing-twelve-month revenue of about HK$219M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2450?

The net profit margin of 2450 is about -13.2%, 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.