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Transport International Holdings (0062) Fair Value & Analysis

Industrials · HK · Market cap HK$5.1B

TI Transport International Holdings 0062 · HK
PriceHK$9.42
Fair ValueHK$13.63
Upside+44.8%
Quality49/100
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Healthy Growth
Thin margins · 4.7% net margin
Low debt · generates free cash flow
8.38% dividend yield
Ranks above peers (9/15)
Narrow moat 26/100
Evidence: High Range HK$9.48 – HK$17.78 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 2 days ago

Share price −0.6% over the past month.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$9.48 to HK$17.78) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$11.64 HK$6.34 Fair Value HK$13.63 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$6.34 – HK$11.64 · fair‑value band HK$9.48 – HK$17.78 · the HK$9.42 price screens below the HK$13.63 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Transport International Holdings (0062) currently trades at HK$9.42, while our model-based Fair Value estimate is HK$13.63, implying the stock looks roughly 44.8% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Transport International Holdings generated revenue of HK$8.4B at a net margin of 4.7%. Revenue grew 1.6% year over year. It earns a return on equity of 2.4%. Net debt stands at HK$1.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$9.48 (bear case) to HK$17.78 (bull case); at HK$9.42, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -47% fair-value upside, at 45%, 0062 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF HK$23.73 HK$30.48 HK$41.54 80
Residual Income HK$22.49 HK$21.47 HK$17.01 76
Rev-Margin DCF HK$15.38 HK$19.87 HK$25.55 74
All 24 models by family
DCF Models
FCF DCF HK$23.02 HK$30.02 HK$42.41 38
Owner Earnings HK$21.30 HK$27.72 HK$39.08 31
5Y Revenue Exit HK$15.38 HK$19.45 HK$25.20 39
5Y EBITDA Exit HK$26.79 HK$38.95 HK$54.63 41
5Y P/E Exit HK$16.54 HK$21.43 HK$27.14 38
10Y Revenue Exit HK$18.01 HK$21.98 HK$26.33 36
10Y EBITDA Exit HK$25.11 HK$34.60 HK$45.48 37
10Y P/E Exit HK$18.94 HK$23.26 HK$27.60 35
Earnings-Based
Graham-Dodd HK$5.06 HK$8.92 HK$10.95 54
EPV HK$9.57 HK$10.72 HK$11.71 59
Dividend Discount
Gordon GGM HK$2.91 HK$3.70 HK$4.49 70
DDM Multi-Stage HK$2.91 HK$3.89 HK$5.04 61
Multiples
P/E Multiple HK$11.71 HK$15.62 HK$19.52 63
P/S Multiple HK$9.48 HK$12.64 HK$15.81 58
P/B Multiple HK$9.48 HK$12.64 HK$15.81 55
EV/EBIT HK$14.76 HK$18.92 HK$23.07 53
EV/EBITDA HK$33.39 HK$43.76 HK$54.12 54
EV/Revenue HK$11.20 HK$15.01 HK$18.82 43
Asset-Based
NCAV (Graham) HK$16.05 HK$21.50 HK$32.09 50
Growth DCF
Growth DCF HK$23.73 HK$30.48 HK$41.54 80
Rev-Margin DCF HK$15.38 HK$19.87 HK$25.55 74
Economic Profit
Residual Income HK$22.49 HK$21.47 HK$17.01 76
ROIC Compounder HK$9.57 HK$10.72 HK$11.71 72
Growth Earnings
Growth-Adj P/E HK$8.27 HK$11.82 HK$15.36 68

Widest divergence: DCF Models (HK$23.26) versus Dividend Discount (HK$3.70). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$8.4B
Revenue growth (YoY) +1.6%
Net margin 4.7%
Return on equity 2.4%
Free cash flow HK$1.1B FY2025
P/E ratio 12.4 as of Jul 1, 2026
More key figures
Operating margin 6.5%
EPS (TTM) HK$0.3700
Dividend yield 8.4%
EPS growth (YoY) +199%
Net debt HK$1.6B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 51 · Market factors (momentum, volatility) 58

Profitability 21
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 47
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Transport International Holdings Limited, an investment holding company, provides franchised and non-franchised public transportation services in Hong Kong and Mainland China. The company operates through three segments: Franchised Bus Operation; Property Holdings and Development; and All Others.

Full company description

Transport International Holdings Limited, an investment holding company, provides franchised and non-franchised public transportation services in Hong Kong and Mainland China. The company operates through three segments: Franchised Bus Operation; Property Holdings and Development; and All Others. The Franchised Bus Operation segment provides franchised public bus transportation services in Hong Kong. The Property Holdings and Development segment holds and develops non-residential properties. The All Others segment provides non-franchised public transportation services including pet-friendly routes, chartered hire, residential, school; and cross-boundary shuttle bus services between Lok Ma Chau, Hong Kong and Huanggang, Shenzhen. It also offers non-franchised bus services to business commuters, tourists, shoppers, students, residential estates, and schools through chartered hire services; and car rental and taxi hire services. The company was formerly known as The Kowloon Motor Bus Holdings Limited and changed its name to Transport International Holdings Limited in November 2005. Transport International Holdings Limited was founded in 1997 and is headquartered in Lai Chi Kok, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Transport International Holdings reported revenue of HK$8.4B in FY2025 versus HK$7.2B in FY2021, a compound +4.1%/yr. Reported net income was HK$398M in FY2025, compounding +12.9%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$8.4B
Latest YoY
+2.8%
Avg. growth/yr (3Y) 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.
+8.5%
Avg. growth/yr (5Y) 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.
+6.4%
Avg. growth/yr (30Y) 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.
+2.5%
Revenue +4.1%/yr
FY21 HK$7.2B
FY22 HK$6.6B
FY23 HK$7.9B
FY24 HK$8.2B
FY25 HK$8.4B
Net income +12.9%/yr
FY21 HK$245M
FY22 HK$549M
FY23 HK$402M
FY24 HK$187M
FY25 HK$398M
Character of growth · EPS growth decomposed (2014-2025) −9.1 % p.a.
Revenue per share −1.8 pp

of which total revenue +0.6 pp · buybacks/dilution −2.4 pp

EBIT margin −7.3 pp
Tax rate +0.0 pp
Residual (interest, one-offs) +0.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Transport International Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0062

Peer Group

Railroads · 115 stocks

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.

Quality Score 49 · Below median
Fair Value upside +45% · Top 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 8.4% · Top 25%
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 0.30× · Cheaper than 75% of peers
P/S (TTM) 0.61× · Cheaper than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 2.2× · Cheaper than 75% of peers
PEG 0.47× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 93 · sector 24
FUTURE 8 · sector 19
PAST 9 · sector 30
HEALTH 98 · sector 89
DIVIDEND 100 · sector 44

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Railroads stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $293.73 $141.29 -52%
CSX Corporation CSX $50.08 $12.62 -75%
Canadian Pacific Kansas City Limited CP $92.69 $34.23 -63%
Canadian National Railway Company CNR C$176.01 C$92.68 -47%
Norfolk Southern Corporation NSC $335.41 $114.55 -66%
Westinghouse Air Brake Technologies Corporation WAB $295.54 $144.80 -51%
Beijing-Shanghai High-Speed Railway Co 601816 ¥5.04 ¥5.65 +12%
MTR Corporation 0066 HK$32.30 HK$17.85 -45%
CRRC Corporation 601766 ¥5.98 ¥9.53 +59%
Daqin Railway Co 601006 ¥4.72 ¥6.22 +32%

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Frequently asked questions

Is Transport International Holdings (0062) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$13.63 versus a price of HK$9.42, about +45% (undervalued).
What is the fair value of 0062?
Our model-based fair value for Transport International Holdings is HK$13.63 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$9.42.
What is the quality score of 0062?
Transport International Holdings has a Quality Score of 49/100. 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 revenue of Transport International Holdings (0062)?
Transport International Holdings reported trailing-twelve-month revenue of about HK$8.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0062?
The net profit margin of Transport International Holdings is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Transport International Holdings pay a dividend?
Transport International Holdings currently shows a dividend yield of about 8.38% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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