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Heng Tai Consumables Group Ltd (0197) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$57.5M (≈ $7.3M) · ISIN KYG440351149

What is Heng Tai Consumables Group Ltd really worth?

HT Heng Tai Consumables Group Ltd 0197 · HK
PriceHK$0.4600
Fair ValueHK$1.63
Upside+254.4%
Quality28/100

Below-average quality, trading 72% below our fair value of HK$1.63.

As of Aug 13, 2026, the fair value of Heng Tai Consumables Group Ltd is HK$1.63 per share against a price of HK$0.4600, so the fair value sits 254% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y −4.6 %/yr)
!Loss-making · -57.6% net margin
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range HK$1.07 – HK$2.03

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 23 days ago

Share price +48.4% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$1.07). 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.
  • A fairly wide model range (HK$1.07 to HK$2.03) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

HK$3.72 HK$0.1310 Fair Value HK$1.63 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$0.1310 – HK$3.72 · fair‑value band HK$1.07 – HK$2.03 · the HK$0.4600 price screens below the HK$1.63 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Heng Tai Consumables Group Ltd (0197) currently trades at HK$0.4600, while our model-based Fair Value estimate is HK$1.63, implying the stock looks roughly 71.8% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Consumer Defensive sector. Bull case: the Asset-Based group reads highest at a median of HK$1.85 per share, and 3 of the 3 models we run sit above the HK$0.4600 price. Bear case: the Dividend Discount group reads lowest at HK$1.17, and 0 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Heng Tai Consumables Group Ltd generated revenue of HK$348M at a net margin of −57.6%. Revenue declined 33.6% year over year. It earns a return on equity of −30.5%. The balance sheet holds a net cash position of HK$51.7M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.07 (bear case) to HK$2.03 (bull case); at HK$0.4600, 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 34% below its 52-week high and 167% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −27% fair-value upside, at 254%, 0197 screens cheaper than that median.

Fair Value models

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
Gordon GGM best evidence HK$1.09 HK$1.17 HK$1.28 69
DDM Multi-Stage HK$1.09 HK$1.26 HK$1.48 67
NCAV (Graham) HK$1.38 HK$1.85 HK$2.76 54
All 3 models by family
Dividend Discount
Gordon GGM best evidence HK$1.09 HK$1.17 HK$1.28 69
DDM Multi-Stage HK$1.09 HK$1.26 HK$1.48 67
Asset-Based
NCAV (Graham) HK$1.38 HK$1.85 HK$2.76 54

Widest divergence: Asset-Based (HK$1.85) versus Dividend Discount (HK$1.17). Highest evidence: Gordon GGM (69).

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Key figures & financial health

P/S ratio 0.17 TTM
EPS (TTM) HK$−1.86
Net margin −47.9% FY2025
Return on equity −30.5% TTM
Return on assets (EBIT) −13.7% avg 5y
Operating margin −27.1% TTM
More key figures
Growth
Revenue (TTM) HK$348M TTM
Revenue growth (YoY) −33.6% 3y avg −5.1%
Balance sheet & cash flow
Free cash flow −HK$17.5M FY2025
Net cash HK$51.7M FY2025

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

Quality Score breakdown

Overall quality 28/100

Of which business quality 31 · Market factors (momentum, volatility) 58

Profitability 11
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 0
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

Heng Tai Consumables Group Limited, an investment holding company, engages in the trading of packaged foods, beverages, and household consumables in Hong Kong and the People's Republic of China. It operates in two segments, FMCG Trading Business and Agri-Products Business.

Full company description

Heng Tai Consumables Group Limited, an investment holding company, engages in the trading of packaged foods, beverages, and household consumables in Hong Kong and the People's Republic of China. It operates in two segments, FMCG Trading Business and Agri-Products Business. The FMCG Trading Business segment offers packaged foods, such as biscuits, candies, chocolates, condiments, margarine and milk powder products, healthy foods, instant noodles, snacks, rice, potato chips, pasta, etc.; beverages, including soft drinks, fruit juices, etc.; and household consumable products comprising facial and toilet tissues, household cleaning products, etc. The Agri-Products Business segment engages in the cultivation, sale, and trading of fresh and processed fruits and vegetables. The company also provides livestock breeding, and treasury and administrative services; offers securities brokerage and margin financing services; operates Dongguan food processing center; and operates packing houses and distribution depots, as well as owns and operates Shanghai logistics center business. Heng Tai Consumables Group Limited was founded in 1986 and is headquartered in Sheung Wan, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Heng Tai Consumables Group Ltd reported revenue of HK$428M in FY2025 versus HK$520M in FY2021, a compound −4.8%/yr. Reported net income was −HK$205M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$428M
Latest YoY
−3.2%
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.
−5.1%
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.
−4.6%
Avg. revenue growth/yr (23Y) 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.
−0.6%
EBIT margin (trend) 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.
−29.4% (2020) → −21.8% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −4.8%/yr
FY21 HK$520M
FY22 HK$501M
FY23 HK$441M
FY24 HK$442M
FY25 HK$428M
Net income
FY21 −HK$247M
FY22 −HK$216M
FY23 −HK$126M
FY24 −HK$196M
FY25 −HK$205M

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Cite: Fair Value Calculator (2026). "Heng Tai Consumables Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0197.HK

Peer Group

Food Distribution · 81 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 28 · Bottom 25%
Return on assets −9% · Bottom 25%
Net margin (TTM) −58% · Bottom 25%
Operating margin (TTM) −27% · Bottom 25%
Revenue growth −34% · Bottom 25%

Valuation Multiples vs Food Distribution median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers

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 16
FUTURE0 · sector 12
PAST0 · sector 33
HEALTH100 · sector 94
DIVIDEND0 · sector 56

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 Food Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.94 $59.83 −27%
US Foods Holding USFD $107.78 $53.53 −50%
Performance Food Group PFGC $107.25 $37.94 −65%
Jerónimo Martins, SGPS, S.A JMT €18.00 €21.59 +20%
CP Axtra Public Company CPAXT 14.80 THB 17.42 THB +18%
The Chefs' Warehouse, Inc CHEF $111.07 $37.27 −66%
Olam Group VC2 1.04 SGD 2.12 SGD +104%
United Natural Foods, Inc UNFI $43.62 $6.00 −86%
The Andersons, Inc ANDE $64.56 $47.78 −26%
Zhejiang Dongri Limited 600113 ¥31.47 ¥6.75 −79%

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Frequently asked questions

Is Heng Tai Consumables Group Ltd (0197) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.63 versus a price of HK$0.4600, about +254% upside (undervalued).
What is the fair value of 0197?
Our model-based fair value for Heng Tai Consumables Group Ltd is HK$1.63 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$0.4600.
What is the quality score of 0197?
Heng Tai Consumables Group Ltd has a Quality Score of 28/100. 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 Heng Tai Consumables Group Ltd (0197)?
Our model-based price target is the fair value of HK$1.63 (as of Aug 13, 2026) from 3 valuation models. Cautious scenario HK$1.07, optimistic scenario HK$2.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Heng Tai Consumables Group Ltd stock forecast for 2026?
Our models put fair value at HK$1.63, about +254% upside versus a price of HK$0.4600 (undervalued). Cautious scenario HK$1.07, optimistic scenario HK$2.03. The calculation is refreshed regularly with new filings.
What is the revenue of Heng Tai Consumables Group Ltd (0197)?
Heng Tai Consumables Group Ltd reported trailing-twelve-month revenue of about HK$348M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0197?
The net profit margin of Heng Tai Consumables Group Ltd is about −57.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
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