Tian An China Investments Co Ltd (0028) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tian An China Investments Co Ltd stock HK$7.63, price HK$3.09, upside +147.3%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range HK$2.71 – HK$5.22 · fair‑value band HK$7.54 – HK$8.19 · the HK$3.09 price screens below the HK$7.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow Tian An China Investments Co in your weekly email
Every Wednesday you see whether Tian An China Investments Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Tian An China Investments Company Limited, together with its subsidiaries, engages in property development and investment services in the People's Republic of China, Hong Kong, the United Kingdom, and Australia.
Show moreShow less
It operates through Property Development, Property Investment, Healthcare, and Other Operations segments. The company invests in and develops residential, office, and commercial properties; manages properties; and invests in and operates hospitals, eldercare, and health-related businesses.
It also provides property leasing services for office buildings, car parking spaces, residential units, industrial property units, retail stores, shopping malls, and a hotel, as well as estate management and money lending services.
The company was incorporated in 1986 and is based in Wan Chai, Hong Kong. Tian An China Investments Company Limited operates as a subsidiary of Allied Group Limited.
Stock analysis
Tian An China Investments Co Ltd (0028) currently trades at HK$3.09, while our model-based Fair Value estimate is HK$7.63, implying the stock looks roughly 60% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of HK$43.59 per share, and 7 of the 9 models we run sit above the HK$3.09 price.
Bear case: the Dividend Discount group reads lowest at HK$1.46, and 2 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$7.54 (bear) to HK$8.19 (bull), the price of HK$3.09 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tian An China Investments Co Ltd reported revenue of HK$10.5B in FY2025 versus HK$2.6B in FY2021, a compound +42.1%/yr. Reported net income was HK$1.8B in FY2025, compounding +5.4%/yr from FY2021.
Key figures
Market cap HK$4.5B (≈ $577M) Small · P/S ratio 1.30 · Dividend yield 6.5% · Net margin 16.8% · Return on equity −3.6% · Return on assets (EBIT) 2.9% (5-year average) · Operating margin 12.0% · Revenue growth (YoY) −80.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 147%, 0028 screens cheaper than that median.
Fair Value models
BearHK$7.54Fair Value HK$7.63BullHK$8.19
Price HK$3.09 · Upside +147.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+248.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.8%
Start year 2020 (pandemic). Over 10 years: +26.1% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)6.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.2% vs −3.5%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 45%
Compare Tian An China Investments Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 489 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+147.3% · Top 25%
Profitability
Return on assets3.2% · Above median
Net margin (12 months)−29.2% · Bottom 25%
Operating margin (12 months)12.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)−80.7% · Bottom 25%
Dividend yield (12 months)6.5% · Top 25%
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tian An China Investments Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0028
Frequently asked questions
Is Tian An China Investments Co Ltd (0028) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of HK$7.63 versus a price of HK$3.09, about +147% upside (undervalued).
What is the fair value of 0028?
Our model-based fair value for Tian An China Investments Co Ltd is HK$7.63 (as of Nov 5, 2026), built from audited fundamentals. The current price: HK$3.09.
What is the quality score of 0028?
Tian An China Investments Co Ltd has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tian An China Investments Co Ltd (0028)?
Our model-based price target is the fair value of HK$7.63 (as of Nov 5, 2026) from 9 valuation models. Cautious scenario HK$7.54, optimistic scenario HK$8.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Tian An China Investments Co Ltd stock forecast for 2026?
Our models put fair value at HK$7.63, about +147% upside versus a price of HK$3.09 (undervalued). Cautious scenario HK$7.54, optimistic scenario HK$8.19. The calculation is refreshed regularly with new filings.
Does Tian An China Investments Co Ltd pay a dividend?
Tian An China Investments Co Ltd currently shows a dividend yield of 6.48% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Tian An China Investments Co Ltd (0028) and when is the ex-dividend date?
Tian An China Investments Co Ltd pays a dividend of HK$0.2 per share a year, a dividend yield of 6.5%. The last ex-dividend date was Apr 27, 2026. A dividend has been paid every year since 2007. The payout ratio is 16.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Tian An China Investments Co Ltd (0028)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tian An China Investments Co Ltd it is HK$7.63 per share (as of Nov 5, 2026), against a price of HK$3.09. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Tian An China Investments Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 0028 trades below its calculated fair value: price HK$3.09, fair value HK$7.63, a gap of about +147% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0028?
No. The price is what the market pays today (HK$3.09); the fair value is what the company's own numbers justify (HK$7.63). For Tian An China Investments Co Ltd the two are HK$4.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tian An China Investments Co Ltd worth?
The market values Tian An China Investments Co Ltd at about HK$4.5B (market capitalisation, as of Nov 5, 2026). Per share that is HK$3.09; our models calculate a fair value of HK$7.63 per share.
What do the bullish and bearish scenarios say about 0028?
Our models span a range for Tian An China Investments Co Ltd: cautious scenario HK$7.54, base HK$7.63, optimistic HK$8.19 per share (as of Nov 5, 2026, price HK$3.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tian An China Investments Co Ltd (0028)?
Balance-sheet figures for Tian An China Investments Co Ltd (as of Nov 5, 2026): return on equity −3.6%, debt of 0.16 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 0028 from its 52-week high?
Tian An China Investments Co Ltd trades at HK$3.09, about 33% below its 52-week high of HK$4.58 and 1% above the low of HK$3.05 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$7.63 is for.
Which stocks are comparable to Tian An China Investments Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tian An China Investments Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price HK$3.09, calculated fair value HK$7.63 (+147%), Quality Score 62/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0028 calculated?
We run Tian An China Investments Co Ltd through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of HK$7.63 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Tian An China Investments Co Ltd currently trades 60% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tian An China Investments Co Ltd (0028)?
The closing price on Nov 6, 2026 was HK$3.09. Our model-based fair value is HK$7.63, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tian An China Investments Co Ltd right now?
The price is below even our cautious bear case (HK$7.54). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (HK$7.54 to HK$8.19), unusually little disagreement for a valuation.
Key figures of Tian An China Investments Co Ltd
How large is the market capitalisation of Tian An China Investments Co Ltd (0028)?
The market capitalisation of Tian An China Investments Co Ltd is HK$4.5B (≈ $577M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tian An China Investments Co Ltd (0028)?
The price-to-sales ratio of Tian An China Investments Co Ltd is 1.30 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Tian An China Investments Co Ltd (0028)?
The dividend yield of Tian An China Investments Co Ltd is 6.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tian An China Investments Co Ltd (0028)?
The net margin of Tian An China Investments Co Ltd is 16.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tian An China Investments Co Ltd (0028)?
The return on equity (ROE) of Tian An China Investments Co Ltd is −3.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tian An China Investments Co Ltd (0028)?
On an EBIT basis the return on assets of Tian An China Investments Co Ltd is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tian An China Investments Co Ltd (0028)?
The operating margin of Tian An China Investments Co Ltd is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tian An China Investments Co Ltd (0028)?
Revenue at Tian An China Investments Co Ltd is growing −80.7% versus a year earlier (3y avg +27.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tian An China Investments Co Ltd (0028)?
Earnings per share at Tian An China Investments Co Ltd are growing +29.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tian An China Investments Co Ltd (0028) generate?
The free cash flow of Tian An China Investments Co Ltd is −HK$292M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Tian An China Investments Co Ltd (0028) hold?
Tian An China Investments Co Ltd holds more cash than debt, HK$2.7B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Tian An China Investments Co Ltd in the live analysis
One click puts Tian An China Investments Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 5, 2026