2489 (2489) Fair Value & Analysis

Basic Materials · Market cap HK$1.7B

2 2489 2489 · HK

PriceHK$0.7300

Fair ValueHK$1.04

Upside+42.5%

Quality37/100

Watch 2489 for free — get notified when fair value or trend changes. Watch for free

Evidence: Medium Range HK$0.7800 – HK$1.30

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price −14.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.5800 – HK$2.05 · fair‑value band HK$0.7800 – HK$1.30 · the HK$0.7300 price screens below the HK$1.04 fair value. As of Jul 2, 2026.

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

Analysis

2489 (2489) currently trades at HK$0.7300, while our model-based Fair Value estimate is HK$1.04 — implying the stock looks roughly 42.5% undervalued today. We read business quality at 37/100 (below-average 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: medium) — always confirm before acting.

Over the trailing twelve months, 2489 generated revenue of HK$651M at a net margin of 18.5%. Revenue grew 16.0% year over year. It earns a return on equity of 11.0%. The balance sheet holds a net cash position of HK$883M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$651M

Revenue growth (YoY) +16.0%

Net margin 18.5%

Return on equity 11.0%

Free cash flow HK$79.7M FY2026

P/E ratio 11.8

More key figures

Operating margin 55.6%

EPS (TTM) HK$0.0588

Dividend yield 4.0%

EPS growth (YoY) +10.8%

Net cash HK$883M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

2489 reported revenue of HK$613M in FY2026 versus HK$248M in FY2022, a compound +25.4%/yr. Reported net income was HK$108M in FY2026, compounding +26.9%/yr from FY2022.

Revenue +25.4%/yr

FY22 HK$248M

FY23 HK$418M

FY24 HK$383M

FY25 HK$500M

FY26 HK$613M

Net income +26.9%/yr

FY22 HK$41.6M

FY23 HK$83.2M

FY24 HK$65.0M

FY25 HK$105M

FY26 HK$108M

Is 2489 fairly valued? → Check now

Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
Newmont Corporation NEMCL	$112.00	$141.64	+26%
Zijin Mining Group 601899	¥29.63	¥43.68	+47%
NEM NEM	A$143.47	A$188.70	+32%
Agnico Eagle Mines Limited AEM	$160.16	$151.68	-5%
Barrick Mining Corporation B	$40.14	$64.02	+59%
Wheaton Precious Metals Corp SII	€113.40	€44.65	-61%

Explore undervalued stocks

More undervalued Basic Materials 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 2489 (2489) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.04 versus a price of HK$0.7300 — about +42% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2489?

Our model-based fair value for 2489 is HK$1.04 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.7300.

What is the quality score of 2489?

2489 has a Quality Score of 37/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2489 (2489)?

2489 reported trailing-twelve-month revenue of about HK$651M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2489?

The net profit margin of 2489 is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.

Does 2489 pay a dividend?

2489 currently shows a dividend yield of about 3.97% relative to its recent price (as of Jul 2, 2026).

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.