2789 (2789) Fair Value & Analysis

Industrials · Market cap HK$906M

2 2789 2789 · HK

PriceHK$0.1460

Fair ValueHK$0.0939

Upside-35.7%

Quality71/100

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Evidence: High Range HK$0.0692 – HK$0.1178

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −23.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0626 – HK$0.1980 · fair‑value band HK$0.0692 – HK$0.1178 · the HK$0.1460 price screens above the HK$0.0939 fair value. As of Jul 2, 2026.

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Analysis

2789 (2789) currently trades at HK$0.1460, while our model-based Fair Value estimate is HK$0.0939 — implying the stock looks roughly 35.7% overvalued today. We read business quality at 71/100 (solid quality), in the Industrials 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, 2789 generated revenue of HK$2.8B at a net margin of 12.5%. Revenue grew 37.7% year over year. It earns a return on equity of 59.0%. Net debt stands at HK$228M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$2.8B

Revenue growth (YoY) +37.7%

Net margin 12.5%

Return on equity 59.0%

Free cash flow HK$418M FY2025

P/E ratio 2.1

More key figures

Operating margin 20.4%

EPS (TTM) HK$0.0300

EPS growth (YoY) +2,983%

Net debt HK$228M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2789 reported revenue of HK$2.8B in FY2025 versus HK$3.1B in FY2021, a compound −2.0%/yr. Reported net income was HK$353M in FY2025.

Revenue −2.0%/yr

FY21 HK$3.1B

FY22 HK$3.3B

FY23 HK$2.6B

FY24 HK$2.2B

FY25 HK$2.8B

Net income

FY21 −HK$996M

FY22 HK$72.1M

FY23 HK$25.3M

FY24 −HK$354M

FY25 HK$353M

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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	$42.70	$34.33	-20%
Samsung C&T Corporation 028260	460,500 KRW	206,212 KRW	-55%
China State Construction Engineering Corporation 601668	¥4.72	¥16.90	+258%
TopBuild Corp BLD	7,547 MXN	4,541 MXN	-40%
000720 000720	131,900 KRW	76,878 KRW	-42%
United Integrated Services Co 2404	1,260 TWD	1,431 TWD	+14%

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Frequently asked questions

Is 2789 (2789) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0939 versus a price of HK$0.1460 — about −36% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2789?

Our model-based fair value for 2789 is HK$0.0939 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.1460.

What is the quality score of 2789?

2789 has a Quality Score of 71/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2789 (2789)?

2789 reported trailing-twelve-month revenue of about HK$2.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2789?

The net profit margin of 2789 is about 12.5%, meaning it keeps roughly 12.5% 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.