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Tianli Holdings (0117) Fair Value & Analysis

Technology · HK · Market cap HK$4.0B

TH Tianli Holdings 0117 · HK
PriceHK$3.15
Fair ValueHK$3.02
Upside-4.0%
Quality49/100
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Expensive Growth
Solidly profitable · 19.7% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 53/100
Evidence: High Range HK$2.26 – HK$3.77 Share as image

Fair value as of: Aug 2, 2026

From 13 valuation models · updated 8 days ago

Fair value updated Aug 2, 2026, revised from HK$3.00 to HK$3.02 (+0.7%) since Jul 1, 2026. Share price −12.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$2.26 (bear) to HK$3.77 (bull), base HK$3.02. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$7.40 HK$0.1250 Fair Value HK$3.02 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range HK$0.1250 – HK$7.40 · fair‑value band HK$2.26 – HK$3.77 · the HK$3.15 price screens above the HK$3.02 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Tianli Holdings (0117) currently trades at HK$3.15, while our model-based Fair Value estimate is HK$3.02, implying the stock looks roughly 4.0% fairly valued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Tianli Holdings generated revenue of HK$679M at a net margin of 19.7%. Revenue grew 14.4% year over year. It earns a return on equity of 23.0%. Net debt stands at HK$1.3B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$2.26 (bear case) to HK$3.77 (bull case); at HK$3.15, the current price sits within 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 63% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -4%, 0117 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
Residual Income HK$1.15 HK$1.62 HK$8.10 76
Gordon GGM HK$0.1200 HK$0.2400 HK$0.3600 70
Growth-Adj P/E HK$2.30 HK$3.28 HK$4.26 68
All 13 models by family
DCF Models
Owner Earnings HK$0.3500 HK$1.05 31
Earnings-Based
Graham-Dodd HK$1.22 HK$4.09 HK$5.48 54
Lynch FV HK$0.9300 HK$1.33 HK$1.73 50
PEG = 1.0 HK$0.9300 HK$1.33 HK$1.73 46
Dividend Discount
Gordon GGM HK$0.1200 HK$0.2400 HK$0.3600 70
DDM Multi-Stage HK$0.1200 HK$0.2000 HK$0.2500 61
Multiples
P/E Multiple HK$2.69 HK$3.58 HK$4.48 63
P/S Multiple HK$1.71 HK$2.28 HK$2.85 58
P/B Multiple HK$1.95 HK$2.60 HK$3.25 55
EV/EBITDA HK$0.2900 HK$0.7000 HK$1.11 54
Asset-Based
NCAV (Graham) HK$0.4300 HK$0.5800 HK$0.8700 50
Economic Profit
Residual Income HK$1.15 HK$1.62 HK$8.10 76
Growth Earnings
Growth-Adj P/E HK$2.30 HK$3.28 HK$4.26 68

Widest divergence: Growth Earnings (HK$3.28) versus Dividend Discount (HK$0.2000). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$679M
Revenue growth (YoY) +14.4%
Net margin 19.7%
Return on equity 23.0%
Free cash flow −HK$103M FY2025
P/E ratio 25.4
More key figures
Operating margin 4.3%
EPS (TTM) HK$-0.0500
EPS growth (YoY) +804%
Net debt HK$1.3B FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 43 · Market factors (momentum, volatility) 62

Profitability 45
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 82
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

Tianli Holdings Group Limited, an investment holding company, manufactures and sells multi-layer ceramic capacitors (MLCC) in Mainland China, Hong Kong, and internationally. The company operates through MLCC, and Investment and Financial Services segments.

Full company description

Tianli Holdings Group Limited, an investment holding company, manufactures and sells multi-layer ceramic capacitors (MLCC) in Mainland China, Hong Kong, and internationally. The company operates through MLCC, and Investment and Financial Services segments. It also offers investment and financial services, including direct investments in debt, equity, and other assets; asset and fund management; financial advisory services; and financial technologies. In addition, the company holds properties; and engages in general trading activities. Further, it offers management and financial advisory services; asset management; and invests in private funds. It is widely applied in consumer electronics, communications, automotive electronics, and other fields. The company was formerly known as EYANG Holdings (Group) Co., Limited and changed its name to Tianli Holdings Group Limited in July 2016. Tianli Holdings Group Limited was incorporated in 2007 and is headquartered in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianli Holdings reported revenue of HK$679M in FY2025 versus HK$549M in FY2021, a compound +5.5%/yr. Reported net income was HK$133M in FY2025, compounding +18.0%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$679M
Latest YoY
+23.9%
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.
+23.4%
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.
+9.0%
Avg. growth/yr (21Y) 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.
+0.1%
Revenue +5.5%/yr
FY21 HK$549M
FY22 HK$361M
FY23 HK$488M
FY24 HK$548M
FY25 HK$679M
Net income +18.0%/yr
FY21 HK$68.8M
FY22 −HK$63.9M
FY23 −HK$222M
FY24 −HK$153M
FY25 HK$133M

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Cite: Fair Value Calculator (2026). "Tianli Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0117

Peer Group

Electronic Components · 625 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 −4% · Above median
Return on equity (TTM) 23% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 4% · Below median
Revenue growth 14% · Above median
Debt / equity 1.16× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 25.4× · Cheaper than median
P/B 6.17× · Pricier than 75% of peers
P/S (TTM) 5.86× · Pricier than 75% of peers
EV/EBITDA 47.5× · Pricier than 75% of peers
PEG 0.12× · 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 28 · sector 0
FUTURE 72 · sector 32
PAST 92 · sector 24
HEALTH 42 · sector 95
DIVIDEND 0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Tianli Holdings (0117) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$3.02 versus a price of HK$3.15, about −4% (fairly valued).
What is the fair value of 0117?
Our model-based fair value for Tianli Holdings is HK$3.02 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$3.15.
What is the quality score of 0117?
Tianli 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 Tianli Holdings (0117)?
Tianli Holdings reported trailing-twelve-month revenue of about HK$679M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0117?
The net profit margin of Tianli Holdings is about 19.7%, meaning it keeps roughly 19.7% of revenue as net income. Based on the latest reported figures.

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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