2655 (2655) Fair Value & Analysis

Utilities · Market cap HK$7.8B

2 2655 2655 · HK

PriceHK$15.00

Fair ValueHK$7.38

Upside-50.8%

Quality35/100

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Evidence: High Range HK$5.91 – HK$8.90

Fair value as of: Jul 2, 2026

From 23 valuation models · updated today

Share price −26.1% over the past month.

Price vs Fair Value (7 months)

7‑month range HK$15.00 – HK$65.85 · fair‑value band HK$5.91 – HK$8.90 · the HK$15.00 price screens above the HK$7.38 fair value. As of Jul 2, 2026.

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Analysis

2655 (2655) currently trades at HK$15.00, while our model-based Fair Value estimate is HK$7.38 — implying the stock looks roughly 50.8% overvalued today. We read business quality at 35/100 (below-average quality), in the Utilities 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, 2655 generated revenue of HK$2.1B at a net margin of 5.0%. Revenue grew 46.1% year over year. It earns a return on equity of 16.5%. Net debt stands at HK$249M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$2.1B

Revenue growth (YoY) +46.1%

Net margin 5.0%

Return on equity 16.5%

Free cash flow HK$49.1M FY2025

P/E ratio 60.0

More key figures

Operating margin 9.5%

EPS (TTM) HK$0.0600

EPS growth (YoY) -11.4%

Net debt HK$249M FY2024

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

2655 reported revenue of HK$2.1B in FY2025 versus HK$142M in FY2022, a compound +143.9%/yr. Reported net income was HK$103M in FY2025, compounding +61.8%/yr from FY2022.

Revenue +143.9%/yr

FY22 HK$142M

FY23 HK$314M

FY24 HK$1.0B

FY25 HK$2.1B

Net income +61.8%/yr

FY22 HK$24.3M

FY23 HK$28.1M

FY24 HK$49.1M

FY25 HK$103M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
China Yangtze Power Co 600900	¥27.69	¥19.99	-28%
Ørsted A/S, D2G	€20.37	€50.93	+150%
Huaneng Lancang River Hydropower Inc 600025	¥9.37	¥5.41	-42%
Adani Green Energy Limited ADANIGREEN	₹1,483	₹139.34	-91%
AXIA Energia SA AXIAP	$10.74	$9.77	-9%
VERBUND AG OEWA	€58.65	€82.41	+41%

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Frequently asked questions

Is 2655 (2655) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$7.38 versus a price of HK$15.00 — about −51% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2655?

Our model-based fair value for 2655 is HK$7.38 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$15.00.

What is the quality score of 2655?

2655 has a Quality Score of 35/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2655 (2655)?

2655 reported trailing-twelve-month revenue of about HK$2.1B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2655?

The net profit margin of 2655 is about 5.0%, meaning it keeps roughly 5.0% 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.