2515 (2515) Fair Value & Analysis

Industrials · Market cap HK$324M

2 2515 2515 · HK

PriceHK$1.25

Fair ValueHK$1.79

Upside+43.2%

Quality45/100

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Evidence: Low Range HK$1.26 – HK$2.32

Fair value as of: Jul 2, 2026

From 7 valuation models · updated today

Share price −10.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.4350 – HK$1.43 · fair‑value band HK$1.26 – HK$2.32 · the HK$1.25 price screens below the HK$1.79 fair value. As of Jul 2, 2026.

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Analysis

2515 (2515) currently trades at HK$1.25, while our model-based Fair Value estimate is HK$1.79 — implying the stock looks roughly 43.2% undervalued today. We read business quality at 45/100 (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, 2515 generated revenue of HK$244M at a net margin of -19.9%. Revenue declined 24.2% year over year. It earns a return on equity of -15.9%. The balance sheet holds a net cash position of HK$5.6M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$244M

Revenue growth (YoY) -24.2%

Net margin -19.9%

Return on equity -15.9%

Free cash flow HK$30.5M FY2026

Operating margin -24.7%

More key figures

EPS growth (YoY) -97.3%

Net cash HK$5.6M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

2515 reported revenue of HK$238M in FY2026 versus HK$275M in FY2022, a compound −3.5%/yr. Reported net income was −HK$47.3M in FY2026.

Revenue −3.5%/yr

FY22 HK$275M

FY23 HK$288M

FY24 HK$319M

FY25 HK$303M

FY26 HK$238M

Net income

FY22 HK$41.4M

FY23 HK$35.1M

FY24 HK$41.0M

FY25 HK$21.8M

FY26 −HK$47.3M

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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	$0.4415	$0.5700	+29%
Samsung C&T Corporation 028260	520,000 KRW	268,469 KRW	-48%
China State Construction Engineering Corporation 601668	¥4.65	¥17.35	+273%
TopBuild Corp BLD	7,547 MXN	4,541 MXN	-40%
000720 000720	127,800 KRW	55,602 KRW	-56%
United Integrated Services Co 2404	1,195 TWD	1,681 TWD	+41%

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Frequently asked questions

Is 2515 (2515) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.79 versus a price of HK$1.25 — about +43% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2515?

Our model-based fair value for 2515 is HK$1.79 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.25.

What is the quality score of 2515?

2515 has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2515 (2515)?

2515 reported trailing-twelve-month revenue of about HK$244M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2515?

The net profit margin of 2515 is about -19.9%, 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.