EN DE

Tai Ping Carpets International Ltd (0146) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$331M (≈ $42.2M) · ISIN BMG8659F1068

What is Tai Ping Carpets International Ltd really worth?

TP Tai Ping Carpets International Ltd 0146 · HK
PriceHK$1.45
Fair ValueHK$4.54
Upside+213.1%
Quality68/100

A solid business, trading 68% below our fair value of HK$4.54.

As of Aug 13, 2026, the fair value of Tai Ping Carpets International Ltd is HK$4.54 per share against a price of HK$1.45, so the fair value sits 213% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

Watch Tai Ping Carpets International Ltd 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 free

Strengths

✓Low debt · generates free cash flow
✓Ranks above peers (13/14)

Risks

!Mixed Growth (revenue 5y +6.0 %/yr)
!Thin margins · 6.3% net margin
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
!Weak on future: 2 out of 100

For context

·8.28% dividend yield
Evidence: Low Range HK$3.40 – HK$5.67

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 23 days ago

Share price +1.4% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (HK$3.40). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

HK$1.99 HK$0.3962 Fair Value HK$4.54 Apr 2021 Sep 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$0.3962 – HK$1.99 · fair‑value band HK$3.40 – HK$5.67 · the HK$1.45 price screens below the HK$4.54 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Tai Ping Carpets International Ltd (0146) currently trades at HK$1.45, while our model-based Fair Value estimate is HK$4.54, implying the stock looks roughly 68.1% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of HK$5.61 per share, and 22 of the 24 models we run sit above the HK$1.45 price. Bear case: the Dividend Discount group reads lowest at HK$1.08, and 2 of the 24 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Tai Ping Carpets International Ltd generated revenue of HK$660M at a net margin of 6.3%. Revenue grew 0.4% year over year. It earns a return on equity of 9.1%. The balance sheet holds a net cash position of HK$156M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$3.40 (bear case) to HK$5.67 (bull case); at HK$1.45, 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 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −36% fair-value upside, at 213%, 0146 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2024 figures, and about 12 months have passed since. In that time the company retained roughly HK$0.1700 per share, which is 3.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence HK$4.88 HK$5.83 HK$7.58 82
Growth DCF HK$4.98 HK$5.89 HK$7.42 80
Owner Earnings HK$4.20 HK$4.97 HK$6.38 78
All 24 models by family
DCF Models
FCF DCF best evidence HK$4.88 HK$5.83 HK$7.58 82
Owner Earnings HK$4.20 HK$4.97 HK$6.38 78
5Y Revenue Exit HK$4.02 HK$4.91 HK$6.24 74
5Y EBITDA Exit HK$4.83 HK$6.28 HK$8.28 76
5Y P/E Exit HK$4.54 HK$5.79 HK$7.34 72
10Y Revenue Exit HK$4.32 HK$5.08 HK$5.91 68
10Y EBITDA Exit HK$4.83 HK$5.91 HK$7.09 70
10Y P/E Exit HK$4.66 HK$5.61 HK$6.55 65
Earnings-Based
Graham-Dodd HK$1.40 HK$2.22 HK$2.66 67
EPV HK$2.92 HK$3.13 HK$3.31 74
Dividend Discount
Gordon GGM HK$0.9300 HK$1.08 HK$1.23 69
DDM Multi-Stage HK$0.9300 HK$1.17 HK$1.43 67
Multiples
P/E Multiple HK$3.40 HK$4.54 HK$5.67 63
P/S Multiple HK$2.63 HK$3.51 HK$4.38 58
P/B Multiple HK$2.63 HK$3.51 HK$4.38 55
EV/EBIT HK$4.59 HK$5.67 HK$6.75 66
EV/EBITDA HK$5.35 HK$6.68 HK$8.02 67
EV/Revenue HK$3.53 HK$4.47 HK$5.41 54
Asset-Based
NCAV (Graham) HK$1.13 HK$1.51 HK$2.26 54
Growth DCF
Growth DCF HK$4.98 HK$5.89 HK$7.42 80
Rev-Margin DCF HK$4.02 HK$5.00 HK$6.27 74
Economic Profit
Residual Income HK$1.84 HK$1.97 HK$2.18 76
ROIC Compounder HK$2.93 HK$3.18 HK$3.44 72
Growth Earnings
Growth-Adj P/E HK$2.40 HK$3.43 HK$4.46 67

Widest divergence: DCF Models (HK$5.61) versus Dividend Discount (HK$1.08). Highest evidence: FCF DCF (82).

Notify me when 0146 reaches fair value

Put 0146 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 7.8 as of Jul 1, 2026
P/S ratio 0.52 P/E × margin
EPS (TTM) HK$0.2900 price ÷ EPS = P/E 7.8
Dividend yield 8.3% payout 41.4%
Net margin 6.6% FY2024
Return on equity 9.1% TTM
More key figures
Profitability
Return on assets (EBIT) 3.1% avg 5y
Operating margin 7.5% TTM
Growth
Revenue (TTM) HK$660M TTM
Revenue growth (YoY) +0.4% 3y avg +4.1%
EPS growth (YoY) −9.3%
Balance sheet & cash flow
Free cash flow HK$89.9M FY2024
Net cash HK$156M FY2024

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 69 · Market factors (momentum, volatility) 46

Profitability 51
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Tai Ping Carpets International Limited, together with its subsidiaries, engages in the design, manufacture, import, export, and sale of carpets in Asia, Europe, the Middle East, the United States, and Africa. The company is involved in the manufactures and sell of yarns; and provision of yarn dyeing services.

Full company description

Tai Ping Carpets International Limited, together with its subsidiaries, engages in the design, manufacture, import, export, and sale of carpets in Asia, Europe, the Middle East, the United States, and Africa. The company is involved in the manufactures and sell of yarns; and provision of yarn dyeing services. It serves its products to residential, private yachts and jets, boutique stores, corporate offices, and luxury hotels and resorts. The company was founded in 1956 and is headquartered in Cheung Sha Wan, Hong Kong.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Tai Ping Carpets International Ltd reported revenue of HK$659M in FY2024 versus HK$738M in FY2020, a compound −2.8%/yr. Reported net income was HK$43.8M in FY2024.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
HK$659M
Latest YoY
+2.9%
Avg. revenue 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.
+4.1%
Avg. revenue 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.
+6.0%
Avg. revenue growth/yr (24Y) ⓘ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.
+1.8%
Value creation/yr (3Y) ⓘEarnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+19.5% · in HKD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+11.2%
Dividend yield8.3%
Operating margin (EBIT) ⓘ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.−7.0% (2019) → 7.7% (2024) · rising
Worst earnings drop519% (2017) (loss year, drop beyond 100%) · in HKD
⚠ Revenue per share shrinking 7.7%/yr over ~10Y (margins intact) ⓘ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.
Revenue −2.8%/yr
FY20 HK$738M
FY21 HK$584M
FY22 HK$601M
FY23 HK$640M
FY24 HK$659M
Net income
FY20 −HK$37.1M
FY21 HK$25.3M
FY22 HK$38.4M
FY23 HK$42.1M
FY24 HK$43.8M
Character of growth · EPS growth decomposed (2013-2024) +3.7 % p.a.
Revenue per share −8.4 %

of which total revenue −8.4 % · buybacks/dilution +0.0 %

EBIT margin +6.6 %
Tax rate +5.8 %
Residual (interest, one-offs) +0.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

Watch 0146: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Tai Ping Carpets International Ltd · Fair Value
HK$4.54 +68%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Tai Ping Carpets International Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0146.HK

Peer Group

Textile Manufacturing · 331 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 68 · Top 25%
Return on equity (TTM) 9% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 0% · Above median
Dividend yield (TTM) 8.3% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than 75% of peers
P/B 0.69× · Cheaper than median
P/S (TTM) 0.50× · Cheaper than median
P/FCF 0.5× · Pricier than median
EV/EBITDA 0.7× · Cheaper than 75% of peers
PEG 0.51× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 4
FUTURE2 · sector 0
PAST36 · sector 15
HEALTH99 · sector 95
DIVIDEND100 · sector 33

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$37.94 HK$68.35 +80%
Tongkun Group 601233 ¥22.67 ¥14.53 −36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.95 ¥14.35 +11%
K.P.R. Mill Limited KPRMILL ₹1,124 ₹467.49 −58%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.57 ¥11.85 −83%
Zhejiang Orient Holdings 600120 ¥4.89 ¥2.21 −55%
Vardhman Textiles Limited VTL ₹592.75 ₹437.53 −26%
Albany International Corp AIN $59.92 $18.40 −69%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Welspun Living Limited WELSPUNLIV ₹190.40 ₹47.44 −75%

Compare Tai Ping Carpets International Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Tai Ping Carpets International Ltd (0146) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$4.54 versus a price of HK$1.45, about +213% upside (undervalued).
What is the fair value of 0146?
Our model-based fair value for Tai Ping Carpets International Ltd is HK$4.54 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$1.45.
What is the quality score of 0146?
Tai Ping Carpets International Ltd has a Quality Score of 68/100. 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 Tai Ping Carpets International Ltd (0146)?
Our model-based price target is the fair value of HK$4.54 (as of Aug 13, 2026) from 24 valuation models. Cautious scenario HK$3.40, optimistic scenario HK$5.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Tai Ping Carpets International Ltd stock forecast for 2026?
Our models put fair value at HK$4.54, about +213% upside versus a price of HK$1.45 (undervalued). Cautious scenario HK$3.40, optimistic scenario HK$5.67. The calculation is refreshed regularly with new filings.
What is the revenue of Tai Ping Carpets International Ltd (0146)?
Tai Ping Carpets International Ltd reported trailing-twelve-month revenue of about HK$660M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0146?
The net profit margin of Tai Ping Carpets International Ltd is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Tai Ping Carpets International Ltd pay a dividend?
Tai Ping Carpets International Ltd currently shows a dividend yield of about 8.28% relative to its recent price (as of Aug 13, 2026).
Free · no account needed

Watch Tai Ping Carpets International Ltd in the live analysis

One click puts Tai Ping Carpets International Ltd 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.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.