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Tian Teck Land Limited (0266) Fair Value & Analysis

Real Estate · HK · Market cap HK$892M

TT Tian Teck Land Limited 0266 · HK
PriceHK$1.92
Fair ValueHK$4.80
Upside+150.0%
Quality67/100
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Weak Growth
Loss-making · -39.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 39/100
Evidence: Medium Range HK$3.58 – HK$7.16 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$4.70 to HK$4.80 (+2.1%) since Jul 1, 2026. Share price +2.1% over the past month.

A solid business, screening 150% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$3.58). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$3.58 to HK$7.16) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

HK$4.18 HK$1.64 Fair Value HK$4.80 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$1.64 – HK$4.18 · fair‑value band HK$3.58 – HK$7.16 · the HK$1.92 price screens below the HK$4.80 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Tian Teck Land Limited (0266) currently trades at HK$1.92, while our model-based Fair Value estimate is HK$4.80, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Real Estate 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: medium), always confirm before acting.

Over the trailing twelve months, Tian Teck Land Limited generated revenue of HK$304M at a net margin of -39.3%. Revenue declined 2.5% year over year. It earns a return on equity of -3.1%. The balance sheet holds a net cash position of HK$392M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$3.58 (bear case) to HK$7.16 (bull case); at HK$1.92, 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 11% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 150%, 0266 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$3.49 HK$4.36 HK$5.42 80
Rev-Margin DCF HK$3.71 HK$5.27 HK$6.97 74
Gordon GGM HK$1.24 HK$2.12 HK$3.08 70
All 13 models by family
DCF Models
FCF DCF HK$3.45 HK$4.43 HK$5.66 38
5Y Revenue Exit HK$3.71 HK$5.24 HK$7.15 39
5Y EBITDA Exit HK$4.35 HK$6.40 HK$8.71 41
10Y Revenue Exit HK$3.49 HK$4.77 HK$6.37 36
10Y EBITDA Exit HK$3.94 HK$5.48 HK$7.42 37
Dividend Discount
Gordon GGM HK$1.24 HK$2.12 HK$3.08 70
DDM Multi-Stage HK$1.24 HK$1.79 HK$2.30 61
Multiples
EV/EBIT HK$6.80 HK$8.80 HK$10.79 53
EV/EBITDA HK$5.56 HK$7.14 HK$8.72 54
EV/Revenue HK$4.09 HK$5.48 HK$6.88 43
Asset-Based
NCAV (Graham) HK$3.83 HK$5.14 HK$7.67 50
Growth DCF
Growth DCF HK$3.49 HK$4.36 HK$5.42 80
Rev-Margin DCF HK$3.71 HK$5.27 HK$6.97 74

Widest divergence: Multiples (HK$7.14) versus Dividend Discount (HK$1.79). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$304M
Revenue growth (YoY) -2.5%
Net margin -39.3%
Return on equity -3.1%
Free cash flow HK$138M FY2025
Operating margin 54.7%
More key figures
EPS (TTM) HK$-0.2500
Net cash HK$392M FY2026

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 54

Profitability 3
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 35
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

Tian Teck Land Limited, an investment holding company, engages in the property investment activities in the People's Republic of China and Hong Kong.

Full company description

Tian Teck Land Limited, an investment holding company, engages in the property investment activities in the People's Republic of China and Hong Kong. Its investment properties include iSQUARE, a shopping and entertainment complex located in Tsim Sha Tsui MTR station; four floors of Goodluck Industrial Centre located in Lai Chi Kok, Kowloon; certain units of Good Luck Industrial Building; a floor of Euro Trade Centre; a floor of Yi An Plaza; various units of an industrial property; a unit of a commercial property; and two residential properties. The company was incorporated in 1969 and is based in Tsim Sha Tsui, Hong Kong. Tian Teck Land Limited is a subsidiary of Tian Teck Investment Holding Co., Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tian Teck Land Limited reported revenue of HK$316M in FY2026 versus HK$310M in FY2022, a compound +0.4%/yr. Reported net income was −HK$245M in FY2026.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
HK$316M
Latest YoY
+2.4%
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.
+0.6%
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.
−6.6%
Avg. growth/yr (26Y) 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.
−1.1%
Revenue +0.4%/yr
FY22 HK$310M
FY23 HK$310M
FY24 HK$305M
FY25 HK$308M
FY26 HK$316M
Net income
FY22 −HK$554M
FY23 −HK$759M
FY24 HK$194M
FY25 −HK$322M
FY26 −HK$245M

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Cite: Fair Value Calculator (2026). "Tian Teck Land Limited Fair Value". https://www.fairvalue-calculator.com/stock/0266

Peer Group

Real Estate Services · 520 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%
Fair Value upside +150% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -39% · Bottom 25%
Operating margin (TTM) 55% · Top 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/S (TTM) 0.37× · Cheaper than 75% of peers
P/FCF 0.8× · Cheaper than median
PEG 1.07× · Cheaper than median

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 100 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 97 · sector 85
DIVIDEND 0 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Tian Teck Land Limited (0266) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$4.80 versus a price of HK$1.92, about +150% (undervalued).
What is the fair value of 0266?
Our model-based fair value for Tian Teck Land Limited is HK$4.80 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$1.92.
What is the quality score of 0266?
Tian Teck Land Limited has a Quality Score of 67/100. 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 Tian Teck Land Limited (0266)?
Tian Teck Land Limited reported trailing-twelve-month revenue of about HK$304M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0266?
The net profit margin of Tian Teck Land Limited is about -39.3%, meaning it is currently running at a net loss. 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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