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STOCK COMPARISON

Shenzhou International Group Holdings vs TST Group Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shenzhou International Group Holdings (2313) and TST Group Holding (4439) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Shenzhou International Group Holdings as the more attractively valued of the two: Shenzhou International Group Holdings trades at HK$34.36 versus a fair value of HK$71.90 (+109%), while TST Group Holding trades at TWD 96.40 versus TWD 64.77 (-33%).
Shenzhou International Group Holdings
2313.HK · HKD · Consumer Discretionary
+109%
upside to fair value
undervalued
PriceHK$34.36
Fair ValueHK$71.90
Quality62/100
TST Group Holding
4439.TW · TWD · Consumer Discretionary
-33%
upside to fair value
overvalued
PriceTWD 96.40
Fair ValueTWD 64.77
Quality49/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Shenzhou International Group HoldingsTST Group Holding
Valuation
7.6×P/E (TTM)13.4×
1.84×P/S (TTM)0.58×
1.52×P/B1.21×
5.8×EV/EBITDA6.1×
0.88×PEGn/a
+109.3%Fair value upside−32.8%
6.0%Dividend yield4.1%
HK$2.08Dividend per shareTWD 4.00
Profitability
18%Operating margin8%
0.80×EBIT margin trend (5Y)0.58×
16%Return on equity9%
7%Return on assets4%
Growth
2%Revenue growth (YoY)2%
3.7%Avg. growth/yr (3Y)-2.0%
6.1%Avg. growth/yr (5Y)5.4%
+8.7%Value creation/yr−4.7%
Balance & size
17.4×Interest coverage (EBIT/interest)6.2×
0.01×Debt / equity0.21×
$9BMarket cap$128M
mixedGrowth qualityweak

Shenzhou International Group Holdings leads: 13 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shenzhou International Group Holdingsof which business quality 61 · market factors 22 TST Group Holdingof which business quality 49 · market factors 62
ProfitabilityMargins and returns on capital today
53
46
Quality GrowthAre margins and returns improving?
33
85
CashflowEarnings quality: real cash, not paper profit
42
21
Fin. StrengthBalance sheet, leverage, solvency risk
94
63
InvestmentDisciplined investing over empire-building
60
68
Low VolatilityCalm price path (market factor)
57
81
MomentumPrice trend over the last 3–12 months (market factor)
11
56
52W MomentumDistance to the 52-week high (market factor)
0
49
Net IssuanceShare count: buybacks or dilution?
82
22

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyShenzhou International Group HoldingsPrice HK$34.36TST Group HoldingPrice TWD 96.40
DCF Models+104%above the priceHK$70.16-17%below the priceTWD 80.06
Earnings-Based+29%above the priceHK$44.44-41%below the priceTWD 56.43
Dividend Discount+16%above the priceHK$39.88-76%below the priceTWD 23.30
Multiples+96%above the priceHK$67.20+63%above the priceTWD 157
Asset-Based-51%below the priceHK$16.72-38%below the priceTWD 59.78
Growth DCF+38%above the priceHK$47.25n/a
Economic Profit+25%above the priceHK$42.93-26%below the priceTWD 71.25
Growth Earnings+114%above the priceHK$73.43+51%above the priceTWD 146
Minimum-51%below the priceHK$16.72-76%below the priceTWD 23.30
Maximum+114%above the priceHK$73.43+63%above the priceTWD 157
Median+33%above the priceHK$45.84-26%below the priceTWD 71.25
Geometric mean+34%above the priceHK$46.21-25%below the priceTWD 72.20

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Shenzhou International Group Holdings: 3 of 26 models see the stock below the current price.

TST Group Holding: 9 of 17 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Shenzhou International Group Holdings
Price HK$34.36
Fair Value HK$71.90
Bear HK$45.60Bull HK$95.14
TST Group Holding
Price TWD 96.40
Fair Value TWD 64.77
Bear TWD 59.14Bull TWD 71.09

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shenzhou International Group Holdings · Consumer Discretionary

Quality score62 · Top 25%
Fair value upside+109% · Top 25%

TST Group Holding · Consumer Discretionary

Quality score49 · below median
Fair value upside-33% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Shenzhou International Group Holdings as the more attractively valued of the two: Shenzhou International Group Holdings trades at HK$34.36 versus a fair value of HK$71.90 (+109%), while TST Group Holding trades at TWD 96.40 versus TWD 64.77 (-33%).

Shenzhou International Group Holdings has the higher quality score (62/100).

Open Shenzhou International Group Holdings live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.