3768 (3768) Fair Value & Analysis

Utilities · Market cap HK$489M

3 3768 3768 · HK

PriceHK$0.4750

Fair ValueHK$0.7131

Upside+50.1%

Quality40/100

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Evidence: High Range HK$0.4982 – HK$0.8878

Fair value as of: Jul 2, 2026

From 15 valuation models · updated today

Share price −24.6% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.4750 – HK$0.9000 · fair‑value band HK$0.4982 – HK$0.8878 · the HK$0.4750 price screens below the HK$0.7131 fair value. As of Jul 2, 2026.

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Analysis

3768 (3768) currently trades at HK$0.4750, while our model-based Fair Value estimate is HK$0.7131 — implying the stock looks roughly 50.1% undervalued today. We read business quality at 40/100 (below-average quality), in the Utilities 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, 3768 generated revenue of HK$1.5B at a net margin of 13.3%. Revenue declined 5.5% year over year. It earns a return on equity of 3.7%. Net debt stands at HK$5.2B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$1.5B

Revenue growth (YoY) -5.5%

Net margin 13.3%

Return on equity 3.7%

Free cash flow −HK$527M FY2025

P/E ratio 2.2

More key figures

Operating margin 24.5%

EPS (TTM) HK$0.1300

EPS growth (YoY) -44.1%

Net debt HK$5.2B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

3768 reported revenue of HK$1.5B in FY2025 versus HK$2.3B in FY2021, a compound −10.6%/yr. Reported net income was HK$196M in FY2025, compounding −12.7%/yr from FY2021.

Revenue −10.6%/yr

FY21 HK$2.3B

FY22 HK$2.1B

FY23 HK$1.8B

FY24 HK$1.6B

FY25 HK$1.5B

Net income −12.7%/yr

FY21 HK$338M

FY22 HK$322M

FY23 HK$317M

FY24 HK$263M

FY25 HK$196M

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
American Water Works Company A1WK34	R$162.24	R$74.29	-54%
SBS SBS	$5.48	$5.12	-7%
SBSP3 SBSP3	R$27.91	R$39.66	+42%
United Utilities Group UUGRY	$34.94	$29.62	-15%
Severn Trent PLC STRNY	$38.53	$27.88	-28%
Essential Utilities, Inc WTRG	$36.68	$23.46	-36%

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Frequently asked questions

Is 3768 (3768) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.7131 versus a price of HK$0.4750 — about +50% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 3768?

Our model-based fair value for 3768 is HK$0.7131 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4750.

What is the quality score of 3768?

3768 has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 3768 (3768)?

3768 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 3768?

The net profit margin of 3768 is about 13.3%, meaning it keeps roughly 13.3% 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.