8423 (8423) Fair Value & Analysis

Industrials · Market cap HK$40.8M

8 8423 8423 · HK

PriceHK$0.0510

Fair ValueHK$0.0403

Upside-21.0%

Quality38/100

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Evidence: Low Range HK$0.0352 – HK$0.0403

Fair value as of: Jul 3, 2026

From 3 valuation models · updated today

Share price −33.8% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.0350 – HK$0.0980 · fair‑value band HK$0.0352 – HK$0.0403 · the HK$0.0510 price screens above the HK$0.0403 fair value. As of Jul 3, 2026.

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Analysis

8423 (8423) currently trades at HK$0.0510, while our model-based Fair Value estimate is HK$0.0403 — implying the stock looks roughly 21.0% overvalued today. We read business quality at 38/100 (below-average 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: low).

Over the trailing twelve months, 8423 generated revenue of HK$440M at a net margin of -9.4%. Revenue declined 24.4% year over year. It earns a return on equity of -28.5%. Net debt stands at HK$100M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) HK$440M

Revenue growth (YoY) -24.4%

Net margin -9.4%

Return on equity -28.5%

Free cash flow −HK$19.9M FY2026

Operating margin -10.6%

More key figures

EPS growth (YoY) -11.2%

Net debt HK$100M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

8423 reported revenue of HK$291M in FY2026 versus HK$257M in FY2022, a compound +3.1%/yr. Reported net income was −HK$63.3M in FY2026.

Revenue +3.1%/yr

FY22 HK$257M

FY23 HK$338M

FY24 HK$353M

FY25 HK$498M

FY26 HK$291M

Net income

FY22 HK$8.0M

FY23 HK$13.1M

FY24 HK$10.1M

FY25 −HK$12.3M

FY26 −HK$63.3M

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Similar stocks

6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 3, 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	127,800 KRW	55,602 KRW	-56%
United Integrated Services Co 2404	1,195 TWD	1,681 TWD	+41%

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Frequently asked questions

Is 8423 (8423) undervalued?

As of Jul 3, 2026, our model estimates a fair value of HK$0.0403 versus a price of HK$0.0510 — about −21% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 8423?

Our model-based fair value for 8423 is HK$0.0403 (as of Jul 3, 2026), built from audited fundamentals. The current price is HK$0.0510.

What is the quality score of 8423?

8423 has a Quality Score of 38/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 8423 (8423)?

8423 reported trailing-twelve-month revenue of about HK$440M (latest available figure, as of Jul 3, 2026).

What is the net profit margin of 8423?

The net profit margin of 8423 is about -9.4%, 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.