3728 (3728) Fair Value & Analysis

Industrials · Market cap HK$59.8M

3 3728 3728 · HK

PriceHK$0.0610

Fair ValueHK$0.1092

Upside+79.0%

Quality62/100

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Evidence: High Range HK$0.0848 – HK$0.1336

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price +1.7% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0340 – HK$0.0910 · fair‑value band HK$0.0848 – HK$0.1336 · the HK$0.0610 price screens below the HK$0.1092 fair value. As of Jul 2, 2026.

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Analysis

3728 (3728) currently trades at HK$0.0610, while our model-based Fair Value estimate is HK$0.1092 — implying the stock looks roughly 79.0% undervalued today. We read business quality at 62/100 (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: high) — always confirm before acting.

Over the trailing twelve months, 3728 generated revenue of HK$1.5B at a net margin of 0.5%. Revenue declined 4.7% year over year. It earns a return on equity of 5.0%. Net debt stands at HK$65.6M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.5B

Revenue growth (YoY) -4.7%

Net margin 0.5%

Return on equity 5.0%

Free cash flow HK$38.6M FY2025

P/E ratio 5.9

More key figures

Operating margin 1.0%

EPS (TTM) HK$0.0100

EPS growth (YoY) -27.6%

Net debt HK$65.6M FY2026

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

3728 reported revenue of HK$1.5B in FY2026 versus HK$537M in FY2022, a compound +28.6%/yr. Reported net income was HK$7.0M in FY2026.

Revenue +28.6%/yr

FY22 HK$537M

FY23 HK$709M

FY24 HK$897M

FY25 HK$1.3B

FY26 HK$1.5B

Net income

FY22 −HK$18.2M

FY23 HK$11.6M

FY24 HK$10.7M

FY25 HK$9.4M

FY26 HK$7.0M

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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	$0.4110	$0.0100	-98%
Samsung C&T Corporation 028260	407,500 KRW	236,704 KRW	-42%
China State Construction Engineering Corporation 601668	¥4.74	¥15.02	+217%
TopBuild Corp BLD	7,547 MXN	3,472 MXN	-54%
000720 000720	130,300 KRW	55,602 KRW	-57%
United Integrated Services Co 2404	1,205 TWD	1,891 TWD	+57%

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Frequently asked questions

Is 3728 (3728) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.1092 versus a price of HK$0.0610 — about +79% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 3728?

Our model-based fair value for 3728 is HK$0.1092 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.0610.

What is the quality score of 3728?

3728 has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 3728 (3728)?

3728 reported trailing-twelve-month revenue of about HK$1.5B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 3728?

The net profit margin of 3728 is about 0.5%, meaning it keeps roughly 0.5% 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.