MECOM Power and Construction (HKSE:01183) Scaled Net Operating Assets: 0.56 (As of Dec. 2025)

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HKSE:01183 MECOM Power and Construction Ltd HKSE:01183
65 GF Score
Price HK$0.14
GF Value HK$0.23
Valuation Significantly Undervalued
! 6 Warning Signs
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What is MECOM Power and Construction Scaled Net Operating Assets?

MECOM Power and Construction HKSE:01183 65 Scaled Net Operating Assets is 0.56 as of Dec. 2025. GuruFocus rates HKSE:01183 with a GF Score™ of 65/100 and a GF Value™ of HK$0.23 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

MECOM Power and Construction's operating assets for the quarter that ended in Dec. 2025 was HK$1,122 Mil. MECOM Power and Construction's operating liabilities for the quarter that ended in Dec. 2025 was HK$498 Mil. MECOM Power and Construction's Total Assets for the quarter that ended in Jun. 2025 was HK$1,124 Mil. Therefore, MECOM Power and Construction's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.56.


MECOM Power and Construction Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for MECOM Power and Construction's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MECOM Power and Construction Scaled Net Operating Assets Chart

MECOM Power and Construction Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.73 0.71 0.62 0.57

MECOM Power and Construction Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.62 0.60 0.56 0.56

HKSE:01183 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, MECOM Power and Construction's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MECOM Power and Construction Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, MECOM Power and Construction's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where MECOM Power and Construction's Scaled Net Operating Assets falls into.


HKSE:01183
65GF Score
MECOM Power and Construction Ltd HKSE:01183
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MECOM Power and Construction Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

MECOM Power and Construction's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1122.354-497.709)/1106.31
=0.56

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1241.315 - 118.961
=1122.354

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=744.903 - 71.468 - 175.726
=497.709

MECOM Power and Construction's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1122.354-497.709)/1124.043
=0.56

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1241.315 - 118.961
=1122.354

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=744.903 - 71.468 - 175.726
=497.709

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.56 mean?
MECOM Power and Construction (HKSE:01183) has a Scaled Net Operating Assets of 0.56 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on MECOM Power and Construction and its competitors.
Is MECOM Power and Construction's Scaled Net Operating Assets too high?
MECOM Power and Construction's current Scaled Net Operating Assets is 0.56. Overall, MECOM Power and Construction has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MECOM Power and Construction's Scaled Net Operating Assets compare to NUE and STLD?
MECOM Power and Construction's Scaled Net Operating Assets of 0.56 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Steel company?
A good Scaled Net Operating Assets depends on the Steel industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on MECOM Power and Construction and its competitors. MECOM Power and Construction's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MECOM Power and Construction stock overvalued right now?
Based on GuruFocus' analysis, MECOM Power and Construction (HKSE:01183) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.14 — trading 41.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.56. MECOM Power and Construction's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For MECOM Power and Construction (HKSE:01183), the current Scaled Net Operating Assets is 0.56 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MECOM Power and Construction (HKSE:01183) Overvalued in 2026?

Based on GuruFocus' analysis, MECOM Power and Construction stock appears to be undervalued. The current stock price of HK$0.14 is trading 41.3% below its estimated GF Value™ of HK$0.23. GuruFocus considers MECOM Power and Construction to be Significantly Undervalued.

Key valuation signals for HKSE:01183:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: HK$0.23 vs. price of HK$0.14 (41.3% below fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MECOM Power and Construction Business Description

Address No. 258 Alameda Dr. Carlos D’Assumpcao, Units Q, R and S, Kin Fu Kuok, 6th Floor, Praca Kin Heng Long-Heng Hoi Kuok, Macau, MAC
MECOM Power and Construction Ltd is a construction company engaged in construction of power substation and structural steelworks. Its scope covers steel structures business, including research and development and sales of new construction materials; construction business, including construction and fitting out works, high voltage power substation construction and its system installation works, E&M engineering services works, facilities management and operation and maintenance services, construction, operation and maintenance of data centres; and electric vehicles related services. Its segments are: Construction business, Electric vehicles business, and Intelligent manufacturing business. It derives maximum revenue from Intelligent manufacturing business.
65GF Score

Get the complete analysis for HKSE:01183

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.14
Price
HK$0.23
GF Value