6123 (6123) Fair Value & Analysis

Industrials · Market cap HK$471M

6 6123 6123 · HK

PriceHK$1.12

Fair ValueHK$1.48

Upside+32.1%

Quality53/100

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Evidence: Medium Range HK$1.40 – HK$1.56

Fair value as of: Jul 2, 2026

From 8 valuation models · updated today

Share price −22.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$1.00 – HK$1.57 · fair‑value band HK$1.40 – HK$1.56 · the HK$1.12 price screens below the HK$1.48 fair value. As of Jul 2, 2026.

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Analysis

6123 (6123) currently trades at HK$1.12, while our model-based Fair Value estimate is HK$1.48 — implying the stock looks roughly 32.1% undervalued today. We read business quality at 53/100 (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: medium) — always confirm before acting.

Over the trailing twelve months, 6123 generated revenue of HK$3.2B at a net margin of -4.6%. Revenue declined 24.3% year over year. It earns a return on equity of -13.2%. The balance sheet holds a net cash position of HK$512M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$3.2B

Revenue growth (YoY) -24.3%

Net margin -4.6%

Return on equity -13.2%

Free cash flow HK$8.5M FY2025

Operating margin -5.5%

More key figures

EPS (TTM) HK$-0.1400

EPS growth (YoY) -11.9%

Net cash HK$512M FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

6123 reported revenue of HK$3.2B in FY2025 versus HK$7.6B in FY2021, a compound −19.4%/yr. Reported net income was −HK$146M in FY2025.

Revenue −19.4%/yr

FY21 HK$7.6B

FY22 HK$6.7B

FY23 HK$5.3B

FY24 HK$5.3B

FY25 HK$3.2B

Net income

FY21 HK$273M

FY22 HK$137M

FY23 HK$96.8M

FY24 −HK$40.8M

FY25 −HK$146M

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6 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
FedEx Corporation FDX	€279.20	€124.00	-56%
United Parcel Service, Inc UPS	$107.24	$104.49	-3%
Deutsche Post AG DPSTF	$60.85	$74.58	+23%
DSV DSV	kr 1,540	kr 712.57	-54%
DSDVF DSDVF	$233.10	$107.85	-54%
DSDVY DSDVY	$116.93	$102.87	-12%

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Frequently asked questions

Is 6123 (6123) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$1.48 versus a price of HK$1.12 — about +32% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 6123?

Our model-based fair value for 6123 is HK$1.48 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$1.12.

What is the quality score of 6123?

6123 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 6123 (6123)?

6123 reported trailing-twelve-month revenue of about HK$3.2B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 6123?

The net profit margin of 6123 is about -4.6%, meaning it is currently running at a net loss. 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.