Tsim Sha Tsui Properties Ltd (0247) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tsim Sha Tsui Properties Ltd stock HK$9.05, price HK$19.50, that is 53.6% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 9, 2026.
How to read this chart
60‑month range HK$15.93 – HK$21.17 · fair‑value band HK$5.69 – HK$13.23 · the HK$19.50 price screens above the HK$9.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
Follow Tsim Sha Tsui Properties in your weekly email
Every Wednesday you see whether Tsim Sha Tsui Properties 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.
Tsim Sha Tsui Properties Limited, an investment holding company, invests in, develops, manages, and trades in properties primarily in Hong Kong, Mainland China, Singapore, and Australia.
Show moreShow less
It operates through six segments: Property Sales; Property Rental; Property Management and Other Services; Hotel Operations; Investments in Securities; and Financing.
The company is also involved in securities investment and dealing, mortgage loan financing, building construction and management, club management, and project management activities.
In addition, it offers cleaning, management, trustee, secretarial, consultancy, administration, deposit placing, financing, and security services. The company's property portfolio includes shopping malls, offices, industrial buildings, residential, and car parks.
Tsim Sha Tsui Properties Limited was incorporated in 1972 and is based in Tsim Sha Tsui, Hong Kong.
Stock analysis
Tsim Sha Tsui Properties Ltd (0247) currently trades at HK$19.50, while our model-based Fair Value estimate is HK$9.05, 54% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of HK$31.17 per share, and 2 of the 16 models we run sit above the HK$19.50 price.
Bear case: the Growth DCF group reads lowest at HK$8.23, and 14 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$5.69 (bear) to HK$13.23 (bull), the price of HK$19.50 sits above 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 59/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tsim Sha Tsui Properties Ltd reported revenue of HK$9.3B in FY2026 versus HK$15.7B in FY2022, a compound −12.2%/yr. Reported net income was HK$2.7B in FY2026, compounding −3.6%/yr from FY2022.
Key figures
Market cap HK$43.9B (≈ $5.6B) Mid · P/E ratio 15.8 · P/S ratio 4.60 · Dividend yield 3.0% · Net margin 29.2% · Return on equity 2.7% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 3% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −54%, 0247 screens richer than that median.
Fair Value models
BearHK$5.69Fair Value HK$9.05BullHK$13.23
Price HK$19.50 · Downside -53.6%
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+13.3%
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.
−7.9%
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.
−17.6%
Start year 2021 (pandemic). Over 10 years: −1.5% a year
Revenue growth 26 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.
+3.5%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
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.
−2.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.5%
Dividend (yield on the price)3.0%
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.−5.5% vs −5.8%, steady
Profit margin 2021 to 2026 ⓘ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.50% → 31%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 4.3%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Tsim Sha Tsui Properties 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 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−53.6% · Bottom 25%
Profitability
Return on equity (12 months)2.7% · Below median
Return on assets1.4% · Below median
Net margin (12 months)29.6% · Top 25%
Operating margin (12 months)18.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−7.7% · Below median
Dividend yield (12 months)3.0% · Below median
Balance sheet
Debt / equity0.04× · Lowest 25%
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.
Is Tsim Sha Tsui Properties Ltd (0247) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of HK$9.05 versus a price of HK$19.50, about 54% lower (overvalued).
What is the fair value of 0247?
Our model-based fair value for Tsim Sha Tsui Properties Ltd is HK$9.05 (as of Nov 9, 2026), built from audited fundamentals. The current price: HK$19.50.
What is the quality score of 0247?
Tsim Sha Tsui Properties Ltd has a Quality Score of 59/100. 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 Tsim Sha Tsui Properties Ltd (0247)?
Our model-based price target is the fair value of HK$9.05 (as of Nov 9, 2026) from 16 valuation models. Cautious scenario HK$5.69, optimistic scenario HK$13.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Tsim Sha Tsui Properties Ltd stock forecast for 2026?
Our models put fair value at HK$9.05, about 54% lower versus a price of HK$19.50 (overvalued). Cautious scenario HK$5.69, optimistic scenario HK$13.23. The calculation is refreshed regularly with new filings.
What is the revenue of Tsim Sha Tsui Properties Ltd (0247)?
Tsim Sha Tsui Properties Ltd reported trailing-twelve-month revenue of about HK$9.2B (latest available figure, as of Nov 9, 2026).
Does Tsim Sha Tsui Properties Ltd pay a dividend?
Tsim Sha Tsui Properties Ltd currently shows a dividend yield of 2.97% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Tsim Sha Tsui Properties Ltd (0247) and when is the ex-dividend date?
Tsim Sha Tsui Properties Ltd pays a dividend of HK$0.58 per share a year, a dividend yield of 3.0%. The last ex-dividend date was Oct 29, 2026. A dividend has been paid every year since 2004. The payout ratio is 47.9% of earnings. Free cash flow covers the dividend 1.43 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Tsim Sha Tsui Properties Ltd (0247)?
For today's price to be fair in a discounted-cash-flow model, Tsim Sha Tsui Properties Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -17.6 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 0247 use?
Our models discount Tsim Sha Tsui Properties Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.03, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tsim Sha Tsui Properties Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Tsim Sha Tsui Properties Ltd (0247) delivered so far?
Over the past 5 years revenue at Tsim Sha Tsui Properties Ltd grew -17.6 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tsim Sha Tsui Properties Ltd (0247) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Tsim Sha Tsui Properties Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tsim Sha Tsui Properties Ltd (0247)?
The free-cash-flow yield on the price is 4.25 %: that much free cash flow Tsim Sha Tsui Properties Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tsim Sha Tsui Properties Ltd (0247)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tsim Sha Tsui Properties Ltd it is HK$9.05 per share (as of Nov 9, 2026), against a price of HK$19.50. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Tsim Sha Tsui Properties Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 0247 trades above its calculated fair value: price HK$19.50, fair value HK$9.05, a gap of about −54% (overvalued). 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 0247?
No. The price is what the market pays today (HK$19.50); the fair value is what the company's own numbers justify (HK$9.05). For Tsim Sha Tsui Properties Ltd the two are HK$10.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tsim Sha Tsui Properties Ltd worth?
The market values Tsim Sha Tsui Properties Ltd at about HK$43.9B (market capitalisation, as of Nov 9, 2026). Per share that is HK$19.50; our models calculate a fair value of HK$9.05 per share.
What do the bullish and bearish scenarios say about 0247?
Our models span a range for Tsim Sha Tsui Properties Ltd: cautious scenario HK$5.69, base HK$9.05, optimistic HK$13.23 per share (as of Nov 9, 2026, price HK$19.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0247?
Tsim Sha Tsui Properties Ltd trades at a price-to-earnings ratio of 15.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$9.05 is built from several models across several years. Other multiples: P/B 0.4, P/S 4.8, EV/EBITDA 17.3.
How solid is the balance sheet of Tsim Sha Tsui Properties Ltd (0247)?
Balance-sheet figures for Tsim Sha Tsui Properties Ltd (as of Nov 9, 2026): return on equity 2.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 0247 from its 52-week high?
Tsim Sha Tsui Properties Ltd trades at HK$19.50, about 6% below its 52-week high of HK$20.64 and 3% above the low of HK$18.92 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$9.05 is for.
Which stocks are comparable to Tsim Sha Tsui Properties 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 Tsim Sha Tsui Properties Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price HK$19.50, calculated fair value HK$9.05 (−54%), Quality Score 59/100, from 16 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 0247 calculated?
We run Tsim Sha Tsui Properties Ltd through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of HK$9.05 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. Tsim Sha Tsui Properties Ltd itself currently trades above fair value. 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 Tsim Sha Tsui Properties Ltd (0247)?
The closing price on Nov 6, 2026 was HK$19.50. Our model-based fair value is HK$9.05, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tsim Sha Tsui Properties Ltd right now?
The price sits above even our optimistic bull case (HK$13.23). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (HK$5.69 to HK$13.23) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Tsim Sha Tsui Properties Ltd (0247) come from?
Earnings per share at Tsim Sha Tsui Properties Ltd grew −7.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −6.1 %, EBIT margin −5.7 %, tax rate +0.1 %, residual (interest, one-offs) +4.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tsim Sha Tsui Properties Ltd
How large is the market capitalisation of Tsim Sha Tsui Properties Ltd (0247)?
The market capitalisation of Tsim Sha Tsui Properties Ltd is HK$43.9B (≈ $5.6B). 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 Tsim Sha Tsui Properties Ltd (0247)?
The price-to-sales ratio of Tsim Sha Tsui Properties Ltd is 4.60 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Tsim Sha Tsui Properties Ltd (0247)?
The dividend yield of Tsim Sha Tsui Properties Ltd is 3.0%. 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 Tsim Sha Tsui Properties Ltd (0247)?
The net margin of Tsim Sha Tsui Properties Ltd is 29.2% (fiscal year 2026). 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 Tsim Sha Tsui Properties Ltd (0247)?
The return on equity (ROE) of Tsim Sha Tsui Properties Ltd is 2.7% (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 Tsim Sha Tsui Properties Ltd (0247)?
On an EBIT basis the return on assets of Tsim Sha Tsui Properties Ltd is 2.1% (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 Tsim Sha Tsui Properties Ltd (0247)?
The operating margin of Tsim Sha Tsui Properties Ltd is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tsim Sha Tsui Properties Ltd (0247)?
Revenue at Tsim Sha Tsui Properties Ltd is growing −7.7% versus a year earlier (3y avg −7.9%). 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 Tsim Sha Tsui Properties Ltd (0247)?
Earnings per share at Tsim Sha Tsui Properties Ltd are growing +37.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tsim Sha Tsui Properties Ltd (0247) carry?
The net debt of Tsim Sha Tsui Properties Ltd is HK$1.0B (fiscal year 2026, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Tsim Sha Tsui Properties Ltd in the live analysis
One click puts Tsim Sha Tsui Properties Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 9, 2026