3200 (3200) Fair Value & Analysis

Industrials · Market cap HK$79.9B

3 3200 3200 · HK

PriceHK$163.30

Fair ValueHK$39.02

Upside-76.1%

Quality67/100

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Evidence: High Range HK$18.64 – HK$47.81

Fair value as of: Jul 2, 2026

From 25 valuation models · updated today

Share price −6.1% over the past month.

Price vs Fair Value (5 months)

5‑month range HK$97.53 – HK$195.50 · fair‑value band HK$18.64 – HK$47.81 · the HK$163.30 price screens above the HK$39.02 fair value. As of Jul 2, 2026.

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Analysis

3200 (3200) currently trades at HK$163.30, while our model-based Fair Value estimate is HK$39.02 — implying the stock looks roughly 76.1% overvalued today. We read business quality at 67/100 (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, 3200 generated revenue of HK$6.8B at a net margin of 15.2%. Revenue grew 103.7% year over year. It earns a return on equity of 12.5%. The stock trades on a trailing P/E of 60.7. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$6.8B

Revenue growth (YoY) +104%

Net margin 15.2%

Return on equity 12.5%

Free cash flow HK$23.3M FY2025

P/E ratio 60.7

More key figures

Operating margin 20.5%

Dividend yield 0.3%

EPS growth (YoY) +154%

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

3200 reported revenue of HK$5.8B in FY2025 versus HK$2.8B in FY2022, a compound +27.5%/yr. Reported net income was HK$824M in FY2025, compounding +23.8%/yr from FY2022.

Revenue +27.5%/yr

FY22 HK$2.8B

FY23 HK$1.6B

FY24 HK$3.3B

FY25 HK$5.8B

Net income +23.8%/yr

FY22 HK$435M

FY23 HK$136M

FY24 HK$301M

FY25 HK$824M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
GE Vernova Inc GEV	$867.09	$297.82	-66%
SIEGY SIEGY	$155.06	$89.54	-42%
SMAWF SMAWF	$307.12	$176.28	-43%
SMNS SMNS	C$31.76	C$22.91	-28%
SIE SIE	€269.80	€161.17	-40%
Schneider Electric S.E. SBGSF	$334.00	$148.44	-56%

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Frequently asked questions

Is 3200 (3200) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$39.02 versus a price of HK$163.30 — about −76% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 3200?

Our model-based fair value for 3200 is HK$39.02 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$163.30.

What is the quality score of 3200?

3200 has a Quality Score of 67/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 3200 (3200)?

3200 reported trailing-twelve-month revenue of about HK$6.8B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 3200?

The net profit margin of 3200 is about 15.2%, meaning it keeps roughly 15.2% of revenue as net income. Based on the latest reported figures.

Does 3200 pay a dividend?

3200 currently shows a dividend yield of about 0.33% 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.