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2618 (2618) Fair Value & Analysis

Industrials · Market cap HK$73.2B

2 2618 2618 · HK
PriceHK$11.95
Fair ValueHK$21.29
Upside+78.2%
Quality58/100
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Evidence: Medium Range HK$15.97 – HK$26.61

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −11.9% over the past month.

Price vs Fair Value (12 months)

HK$16.05 HK$10.27 Fair Value HK$21.29 Jun 2025 Jul 2026

12‑month range HK$10.27 – HK$16.05 · fair‑value band HK$15.97 – HK$26.61 · the HK$11.95 price screens below the HK$21.29 fair value. As of Jul 2, 2026.

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Analysis

2618 (2618) currently trades at HK$11.95, while our model-based Fair Value estimate is HK$21.29 — implying the stock looks roughly 78.2% undervalued today. We read business quality at 58/100 (solid 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: medium) — always confirm before acting.

Over the trailing twelve months, 2618 generated revenue of HK$231B at a net margin of 3.1%. Revenue grew 29.0% year over year. It earns a return on equity of 11.6%. Net debt stands at HK$3.9B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$231B
Revenue growth (YoY) +29.0%
Net margin 3.1%
Return on equity 11.6%
Free cash flow HK$11.1B FY2025
P/E ratio 10.0
More key figures
Operating margin 1.6%
EPS growth (YoY) +13.7%
Net debt HK$3.9B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2618 reported revenue of HK$217B in FY2025 versus HK$105B in FY2021, a compound +20.0%/yr. Reported net income was HK$6.6B in FY2025.

Revenue +20.0%/yr
FY21 HK$105B
FY22 HK$137B
FY23 HK$167B
FY24 HK$183B
FY25 HK$217B
Net income
FY21 −HK$15.8B
FY22 −HK$1.4B
FY23 HK$616M
FY24 HK$6.2B
FY25 HK$6.6B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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

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Frequently asked questions

Is 2618 (2618) undervalued?
As of Jul 2, 2026, our model estimates a fair value of HK$21.29 versus a price of HK$11.95 — about +78% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2618?
Our model-based fair value for 2618 is HK$21.29 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$11.95.
What is the quality score of 2618?
2618 has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 2618 (2618)?
2618 reported trailing-twelve-month revenue of about HK$231B (latest available figure, as of Jul 2, 2026).
What is the net profit margin of 2618?
The net profit margin of 2618 is about 3.1%, meaning it keeps roughly 3.1% 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.