TCL Corp (000100) fair value: what the stock is really worth
We calculate from audited financials what TCL Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch TCL Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ¥3.12 – ¥7.69 · fair‑value band ¥3.98 – ¥6.64 · the ¥4.99 price screens below the ¥5.31 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. Dashed = 300-day average. As of Sep 18, 2026.
TCL Technology Group Corporation, together with its subsidiaries, engages in the advanced manufacturing industry in Mainland China and internationally. The company operates through four segments: Semiconductor Display Business; New Energy Photovoltaic and Other Silicon Materials Business; Distribution Business; and Other Businesses.
Show more
TCL Technology Group Corporation, together with its subsidiaries, engages in the advanced manufacturing industry in Mainland China and internationally. The company operates through four segments: Semiconductor Display Business; New Energy Photovoltaic and Other Silicon Materials Business; Distribution Business; and Other Businesses. The Semiconductor Display Business segment is involved in the research and development, manufacturing, and sale of semiconductor display panels, semiconductor display modules, and display machine processing. The New Energy Photovoltaic and Other Silicon Materials Business segment engages in the research and development of monocrystalline silicon rods and wafers, cells and modules, and other silicon materials and devices. This segment is also involved in the production and sale of photovoltaic power plants; and development and operation of photovoltaic power plants. The Distribution Business segment engages in the sale of electronic products, such as computers, software, tablet computers, mobile phones, etc. The Other Businesses segment is involved in the industrial finance and investment business; and provision of technology development services and patent protection services. The company was formerly known as TCL Corporation and changed its name to TCL Technology Group Corporation in February 2020. TCL Technology Group Corporation was founded in 1981 and is based in Huizhou, China.
Stock analysis
TCL Corp (000100) currently trades at ¥4.99, while our model-based Fair Value estimate is ¥5.31, implying the stock looks roughly 6.1% fairly valued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ¥11.07 per share, and 10 of the 22 models we run sit above the ¥4.99 price.
Bear case: the Dividend Discount group reads lowest at ¥0.7600, and 12 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥3.98 (bear) to ¥6.64 (bull), the price of ¥4.99 sits inside 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 41/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
TCL Corp reported revenue of 184B CNY in FY2025 versus 164B CNY in FY2021, a compound +2.9%/yr. Reported net income was 4.5B CNY in FY2025, compounding −18.2%/yr from FY2021.
Key figures
Market cap 97.9B CNY (≈ $14.7B) · P/E ratio 20.8 · P/S ratio 0.51 · EPS (TTM) ¥0.2400 · Dividend yield 1.8% · Net margin 2.5% · Return on equity 0.5% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −26% fair-value upside, at 6%, 000100 screens cheaper than that median.
Fair Value models
Bear ¥3.98Fair Value ¥5.31Bull ¥6.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.1089 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.4%
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.
+3.3%
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.
+19.1%
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.
+11.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−21.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.4%
Dividend (yield on the price)1.8%
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% vs 2%, slowing
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.7% → 1%
2025 sits 176% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−13.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.1%
Yearly sales growth analysts expect, extended to five years.
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.Semiconductor Equipment & Materials · 211 stocks
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). "TCL Corp Fair Value". https://www.fairvalue-calculator.com/stock/000100
Frequently asked questions
Is TCL Corp (000100) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ¥5.31 versus a price of ¥4.99, about +6% upside (fairly valued).
What is the fair value of 000100?
Our model-based fair value for TCL Corp is ¥5.31 (as of Sep 18, 2026), built from audited fundamentals. The current price: ¥4.99.
What is the quality score of 000100?
TCL Corp has a Quality Score of 41/100. 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 TCL Corp (000100)?
Our model-based price target is the fair value of ¥5.31 (as of Sep 18, 2026) from 22 valuation models. Cautious scenario ¥3.98, optimistic scenario ¥6.64. It is a calculation from audited fundamentals, not an analyst target.
What is the TCL Corp stock forecast for 2026?
Our models put fair value at ¥5.31, about +6% upside versus a price of ¥4.99 (fairly valued). Cautious scenario ¥3.98, optimistic scenario ¥6.64. The calculation is refreshed regularly with new filings.
What is the revenue of TCL Corp (000100)?
TCL Corp reported trailing-twelve-month revenue of about 188B CNY (latest available figure, as of Sep 18, 2026).
Does TCL Corp pay a dividend?
TCL Corp currently shows a dividend yield of about 1.80% relative to its recent price (as of Sep 18, 2026).
What growth is priced into TCL Corp (000100)?
For today's price to be fair in a discounted-cash-flow model, TCL Corp would have to grow free cash flow by -13.9 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.1 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 000100 use?
Our models discount TCL Corp at 8.9 %: a base by market capitalisation (large), damped by beta 0.61, country premium for China. 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 TCL Corp that is -13.9 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has TCL Corp (000100) delivered so far?
Over the past 5 years revenue at TCL Corp grew +19.1 % a year. The price currently implies -13.9 % per year free-cash-flow growth a 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 TCL Corp (000100) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into TCL Corp (-13.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TCL Corp (000100)?
The free-cash-flow yield on the price is 31.77 %: that much free cash flow TCL Corp produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TCL Corp (000100)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TCL Corp it is ¥5.31 per share (as of Sep 18, 2026), against a price of ¥4.99. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is TCL Corp stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 000100 trades below its calculated fair value: price ¥4.99, fair value ¥5.31, a gap of about +6% (fairly valued). 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 000100?
No. The price is what the market pays today (¥4.99); the fair value is what the company's own numbers justify (¥5.31). For TCL Corp the two are ¥0.3230 per share apart. That gap is exactly why we show both numbers side by side.
How much is TCL Corp worth?
The market values TCL Corp at about 97.9B CNY (market capitalisation, as of Sep 18, 2026). Per share that is ¥4.99; our models calculate a fair value of ¥5.31 per share.
What do the bullish and bearish scenarios say about 000100?
Our models span a range for TCL Corp: cautious scenario ¥3.98, base ¥5.31, optimistic ¥6.64 per share (as of Sep 18, 2026, price ¥4.99). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000100?
TCL Corp trades at a price-to-earnings ratio of 20.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.31 is built from several models across several years. Other multiples: P/B 1.7, P/S 0.5, EV/EBITDA 6.1.
How solid is the balance sheet of TCL Corp (000100)?
Balance-sheet figures for TCL Corp (as of Sep 18, 2026): return on equity 0.5%, debt of 2.02 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 000100 from its 52-week high?
TCL Corp trades at ¥4.99, about 5% below its 52-week high of ¥5.23 and 24% above the low of ¥4.04 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.31 is for.
Which stocks are comparable to TCL Corp?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 TCL Corp stock attractive at the current price?
The data as of Sep 18, 2026: price ¥4.99, calculated fair value ¥5.31 (+6%), Quality Score 41/100, from 22 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 000100 calculated?
We run TCL Corp through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥5.31, 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 16.1 % above its aggregate fair value. TCL Corp currently trades 6 % 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 TCL Corp (000100)?
The closing price on Sep 18, 2026 was ¥4.99. Our model-based fair value is ¥5.31, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TCL Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of TCL Corp (000100) come from?
Earnings per share at TCL Corp grew −1.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.0 %, EBIT margin +4.3 %, tax rate +2.1 %, residual (interest, one-offs) −8.4 %. 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 TCL Corp
How large is the market capitalisation of TCL Corp (000100)?
The market capitalisation of TCL Corp is 97.9B CNY (≈ $14.7B). 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 TCL Corp (000100)?
The price-to-sales ratio of TCL Corp is 0.51 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TCL Corp (000100)?
Earnings per share at TCL Corp are ¥0.2400 (price ÷ EPS = P/E 20.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TCL Corp (000100)?
The dividend yield of TCL Corp is 1.8% (payout 37.5%). 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 TCL Corp (000100)?
The net margin of TCL Corp is 2.5% (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 TCL Corp (000100)?
The return on equity (ROE) of TCL Corp is 0.5% (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 TCL Corp (000100)?
On an EBIT basis the return on assets of TCL Corp is 1.2% (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 TCL Corp (000100)?
The operating margin of TCL Corp is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TCL Corp (000100)?
Revenue at TCL Corp is growing +8.4% versus a year earlier (3y avg +3.3%). 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 TCL Corp (000100)?
Earnings per share at TCL Corp are growing +26.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TCL Corp (000100) carry?
The net debt of TCL Corp is 144B CNY (fiscal year 2025, ≈ 4.6 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 TCL Corp in the live analysis
One click puts TCL Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
