2518 (2518) Fair Value & Analysis

Communication Services · Market cap HK$15.7B

2 2518 2518 · HK

PriceHK$34.08

Fair ValueHK$51.19

Upside+50.2%

Quality58/100

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Evidence: Medium Range HK$38.90 – HK$70.72

Fair value as of: Jul 2, 2026

From 26 valuation models · updated today

Share price +0.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$30.40 – HK$51.77 · fair‑value band HK$38.90 – HK$70.72 · the HK$34.08 price screens below the HK$51.19 fair value. As of Jul 2, 2026.

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Analysis

2518 (2518) currently trades at HK$34.08, while our model-based Fair Value estimate is HK$51.19 — implying the stock looks roughly 50.2% undervalued today. We read business quality at 58/100 (solid quality), in the Communication Services 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, 2518 generated revenue of HK$6.0B at a net margin of 18.0%. Revenue declined 27.9% year over year. It earns a return on equity of 4.4%. The balance sheet holds a net cash position of HK$2.2B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$6.0B

Revenue growth (YoY) -27.9%

Net margin 18.0%

Return on equity 4.4%

Free cash flow HK$771M FY2025

P/E ratio 12.7

More key figures

Operating margin -3.3%

EPS (TTM) HK$2.91

EPS growth (YoY) -86.5%

Net cash HK$2.2B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2518 reported revenue of HK$6.5B in FY2025 versus HK$7.2B in FY2021, a compound −2.8%/yr. Reported net income was HK$1.4B in FY2025, compounding −14.2%/yr from FY2021.

Revenue −2.8%/yr

FY21 HK$7.2B

FY22 HK$6.9B

FY23 HK$7.2B

FY24 HK$7.0B

FY25 HK$6.5B

Net income −14.2%/yr

FY21 HK$2.6B

FY22 HK$1.9B

FY23 HK$2.0B

FY24 HK$1.8B

FY25 HK$1.4B

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Frequently asked questions

Is 2518 (2518) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$51.19 versus a price of HK$34.08 — about +50% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2518?

Our model-based fair value for 2518 is HK$51.19 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$34.08.

What is the quality score of 2518?

2518 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2518 (2518)?

2518 reported trailing-twelve-month revenue of about HK$6.0B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2518?

The net profit margin of 2518 is about 18.0%, meaning it keeps roughly 18.0% 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.