2610 (2610) Fair Value & Analysis

Basic Materials · Market cap HK$15.8B

2 2610 2610 · HK

PriceHK$25.48

Fair ValueHK$11.35

Upside-55.5%

Quality38/100

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Evidence: High Range HK$8.64 – HK$14.05

Fair value as of: Jul 2, 2026

From 16 valuation models · updated today

Share price −28.9% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$24.98 – HK$72.05 · fair‑value band HK$8.64 – HK$14.05 · the HK$25.48 price screens above the HK$11.35 fair value. As of Jul 2, 2026.

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Analysis

2610 (2610) currently trades at HK$25.48, while our model-based Fair Value estimate is HK$11.35 — implying the stock looks roughly 55.5% overvalued today. We read business quality at 38/100 (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: high).

Over the trailing twelve months, 2610 generated revenue of HK$1.1B at a net margin of 35.8%. Revenue declined 19.3% year over year. It earns a return on equity of 26.2%. The balance sheet holds a net cash position of HK$323M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.1B

Revenue growth (YoY) -19.3%

Net margin 35.8%

Return on equity 26.2%

Free cash flow −HK$32.4M FY2025

P/E ratio 4.5

More key figures

Operating margin 28.8%

EPS (TTM) HK$0.4600

Dividend yield 0.5%

EPS growth (YoY) -63.6%

Net cash HK$323M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2610 reported revenue of HK$1.1B in FY2025 versus HK$173M in FY2021, a compound +60.4%/yr. Reported net income was HK$409M in FY2025, compounding +94.7%/yr from FY2021.

Revenue +60.4%/yr

FY21 HK$173M

FY22 HK$467M

FY23 HK$678M

FY24 HK$1.0B

FY25 HK$1.1B

Net income +94.7%/yr

FY21 HK$28.5M

FY22 HK$67.7M

FY23 HK$123M

FY24 HK$402M

FY25 HK$409M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
China Hongqiao Group CHHQY	$29.13	$63.70	+119%
Shandong Hongqiao Aluminum Industry Holding 002379	¥17.14	¥41.45	+142%
Aluminum Corporation 601600	¥10.68	¥20.14	+89%
Hindalco Industries Limited HINDALCO	₹1,014	₹1,066	+5%
1378 1378	HK$20.06	HK$45.23	+125%
Norsk Hydro ASA NHY	kr 113.20	kr 63.96	-43%

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Frequently asked questions

Is 2610 (2610) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$11.35 versus a price of HK$25.48 — about −55% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2610?

Our model-based fair value for 2610 is HK$11.35 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$25.48.

What is the quality score of 2610?

2610 has a Quality Score of 38/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2610 (2610)?

2610 reported trailing-twelve-month revenue of about HK$1.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2610?

The net profit margin of 2610 is about 35.8%, meaning it keeps roughly 35.8% of revenue as net income. Based on the latest reported figures.

Does 2610 pay a dividend?

2610 currently shows a dividend yield of about 0.52% 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.