Data-driven stock valuation

Tingyi (0322) fair value: what the stock is really worth

We calculate from audited financials what Tingyi is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Consumer Defensive · HK · Market cap HK$55.1B (≈ $7.0B) · ISIN KYG8878S1030

At a glance

T Tingyi 0322 · HK

PriceHK$12.42

Fair ValueHK$19.03

Upside+53.2%

Quality69/100

A solid business, trading 35% below our fair value of HK$19.03.

As of Aug 24, 2026, the fair value of Tingyi is HK$19.03 per share against a price of HK$12.42, so the fair value sits 53% above the price. A model estimate from reported figures, not an analyst target.

!Mixed Growth (revenue 5y +2.6 %/yr)

!Thin margins · 5.7% net margin

✓Low debt · generates free cash flow

·7.29% dividend yield

✓Ranks above peers (12/15)

!Moderate moat 55/100

!Evidence only medium, so the estimate is less certain

Evidence: Medium Range HK$13.32 to HK$23.79

Fair value as of: Aug 24, 2026

From 26 valuation models · updated 16 days ago

Fair value updated Aug 24, 2026, revised from HK$19.00 to HK$19.03 (+0.2%) since Aug 13, 2026. Share price +9.8% over the past month.

This is the short version. In the app for Tingyi:

26 models, one by oneBear HK$13.32 to bull HK$23.79 5-year chart + forecastprice, fair value, trend, scenarios Quality 69/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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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$13.32). The market is more pessimistic than our downside scenario.
Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range HK$5.85 – HK$14.04 · fair‑value band HK$13.32 – HK$23.79 · the HK$12.42 price screens below the HK$19.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 24, 2026.

Full chart & analysis →

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Analysis

Tingyi (0322) currently trades at HK$12.42, while our model-based Fair Value estimate is HK$19.03, implying the stock looks roughly 34.7% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of HK$16.13 per share, and 19 of the 26 models we run sit above the HK$12.42 price. Bear case: the Earnings-Based group reads lowest at HK$4.31, and 7 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Tingyi generated revenue of HK$79.1B at a net margin of 5.7%. Revenue declined 1.2% year over year. It earns a return on equity of 28.7%. Net debt stands at HK$4.4B. Fundamentals as of Aug 24, 2026

Scenario range: HK$13.32 (bear) to HK$23.79 (bull), the price of HK$12.42 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 2% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −25% fair-value upside, at 53%, 0322 screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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 HK$10.89 HK$16.02 HK$23.64 80

Growth DCF HK$11.11 HK$15.73 HK$22.23 79

Owner Earnings HK$10.53 HK$15.46 HK$22.80 76

All 26 models by family

DCF Models

FCF DCF HK$10.89 HK$16.02 HK$23.64 80

Owner Earnings HK$10.53 HK$15.46 HK$22.80 76

5Y Revenue Exit HK$10.60 HK$16.13 HK$23.08 72

5Y EBITDA Exit HK$14.19 HK$22.71 HK$32.51 75

5Y P/E Exit HK$11.43 HK$17.65 HK$24.03 71

10Y Revenue Exit HK$10.32 HK$15.35 HK$21.87 67

10Y EBITDA Exit HK$12.89 HK$19.87 HK$28.95 68

10Y P/E Exit HK$11.14 HK$16.39 HK$22.59 64

Earnings-Based

Graham-Dodd HK$5.29 HK$14.89 HK$19.60 65

Lynch FV HK$3.02 HK$4.31 HK$5.60 61

PEG = 1.0 HK$3.02 HK$4.31 HK$5.60 57

EPV HK$8.50 HK$9.76 HK$10.87 74

Dividend Discount

Gordon GGM HK$6.09 HK$12.65 HK$20.07 66

DDM Multi-Stage HK$6.09 HK$9.64 HK$13.28 66

Multiples

P/E Multiple HK$12.25 HK$16.33 HK$20.42 63

P/S Multiple HK$9.92 HK$13.22 HK$16.53 58

P/B Multiple HK$9.92 HK$13.22 HK$16.53 55

EV/EBIT HK$15.02 HK$19.73 HK$24.44 66

EV/EBITDA HK$17.97 HK$23.67 HK$29.36 67

EV/Revenue HK$10.97 HK$15.29 HK$19.62 54

Asset-Based

NCAV (Graham) HK$1.33 HK$1.78 HK$2.66 54

Growth DCF

Growth DCF HK$11.11 HK$15.73 HK$22.23 79

Rev-Margin DCF HK$10.60 HK$16.18 HK$22.42 73

Economic Profit

Residual Income HK$4.54 HK$5.40 HK$16.01 66

ROIC Compounder HK$8.83 HK$10.55 HK$12.34 72

Growth Earnings

Growth-Adj P/E HK$9.80 HK$13.99 HK$18.19 67

Widest divergence: DCF Models (HK$16.13) versus Asset-Based (HK$1.78). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 10.6 as of Jul 1, 2026

P/S ratio 0.61 P/E × margin

EPS (TTM) HK$0.4000 price ÷ EPS = P/E 10.6

Dividend yield 7.3%

Net margin 5.7% FY2025

Return on equity 28.7% TTM

More key figures

Profitability

Return on assets (EBIT) 8.5% avg 5y

Operating margin 7.4% TTM

Growth

Revenue (TTM) HK$79.1B TTM

Revenue growth (YoY) −1.2% 3y avg −0.7%

EPS growth (YoY) +20.5%

Balance sheet & cash flow

Free cash flow HK$5.1B FY2025

Net debt HK$4.4B FY2025 · ≈ 0.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 68

Profitability 75

Margins and returns on capital today

Quality Growth 40

Are margins and returns improving?

Cashflow 55

Earnings quality: real cash, not paper profit

Fin. Strength 67

Balance sheet, leverage, solvency risk

Investment 90

Disciplined investing over empire-building

Low Volatility 82

Calm price path (market factor)

Momentum 54

Price trend over the last 3–12 months (market factor)

52W Momentum 75

Distance to the 52-week high (market factor)

Net Issuance 81

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

Full company description

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, bottled water, and carbonated soft drinks; various noodles; and coffee/functional/probiotics drinks. The company also provides property management; and management and consulting services. Tingyi (Cayman Islands) Holding Corp. was founded in 1992 and is headquartered in Shanghai, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tingyi reported revenue of 77.0B CNY in FY2025 versus 74.1B CNY in FY2021, a compound +1.0%/yr. Reported net income was 4.4B CNY in FY2025, compounding +3.6%/yr from FY2021.

Growth Quality 57/100

Revenue is growing, but margins or cash flow do not fully confirm the trend.

Latest Revenue (FY 2025)

HK$77.0B

Latest YoY

−4.5%

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.

−0.7%

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.

+2.6%

Avg. revenue 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.

+11.1%

Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.

+10.2%

Earnings growth per share plus dividend yield: the value created per share and year.

Earnings growth per share+2.9%

Dividend yield7.3%

Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 2.9% vs 10Y 10.1%, flattening

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.8.9% (2020) → 8.1% (2025) · steady

Worst earnings drop51% (2016) · in HKD

Revenue +1.0%/yr

FY21 74.1B CNY

FY22 78.7B CNY

FY23 80.4B CNY

FY24 80.7B CNY

FY25 77.0B CNY

Net income +3.6%/yr

FY21 3.8B CNY

FY22 2.6B CNY

FY23 3.1B CNY

FY24 3.7B CNY

FY25 4.4B CNY

Character of growth · EPS growth decomposed (2014-2025) +8.5 % p.a.

Revenue per share +3.1 %

of which total revenue +3.1 % · buybacks/dilution −0.1 %

EBIT margin +1.1 %

Tax rate +1.8 %

Residual (interest, one-offs) +2.2 %

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).

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Tingyi · Fair Value
HK$19.03 +35%Fair Value
Calculator →

<a href="https://www.fairvalue-calculator.com/stock/0322" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Tingyi · Fair Value</span><br><b style="font-size:20px">HK$19.03</b> <span style="color:#7BB290;font-weight:700;font-size:14px">+35%</span></span><span style="font-size:11px;color:#7BB290;font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Tingyi Fair Value". https://www.fairvalue-calculator.com/stock/0322

Peer Group

Packaged Foods · 646 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.

Valuation

Quality Score 69 · Top 25%

Fair Value upside +52% · Top 25%

Profitability

Return on equity (TTM) 29% · Top 25%

Return on assets 7% · Top 25%

Net margin (TTM) 6% · Above median

Operating margin (TTM) 7% · Above median

Growth and dividend

Revenue growth −1% · Below median

Dividend yield (TTM) 7.3% · Top 25%

Balance sheet

Debt / equity 0.39× · Highest 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 10.6× · Cheapest 25%

P/B 3.68× · Priciest 25%

P/S (TTM) 0.70× · Cheaper than median

P/FCF 1.4× · Cheaper than median

EV/EBITDA 5.3× · Cheapest 25%

PEG 1.29× · Cheaper than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Tingyi deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+1.5 % per year

Achieved revenue growth, 5 years+2.6 % p.a.

Sector median revenue growth+2.9 %

FCF yield on price7.27 %

Discount rate (WACC) in the models9.0 %

The price demands roughly the growth the company recently delivered. Ranking of the largest stocks →

Context: sector, industry, market

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.

This stock

Sector peers

VALUE100 · sector 23

FUTURE0 · sector 20

PAST100 · sector 29

HEALTH81 · sector 96

DIVIDEND100 · sector 53

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock	Price	Fair Value	vs Fair Value
Nestlé S.A NESN	CHF 78.76	CHF 57.26	−27%
Danone S.A BN	€64.28	€48.41	−25%
Nestlé India Limited NESTLEIND	₹1,478	₹251.94	−83%
Foshan Haitian Flavouring and Food Company 603288	¥35.05	¥21.93	−37%
The Kraft Heinz Company KHC	$24.85	$24.59	−1%
Inner Mongolia Yili Industrial Group 600887	¥25.51	¥32.50	+27%
Yihai Kerry Arawana Holdings 300999	¥25.28	¥9.89	−61%
General Mills, Inc GIS	$38.29	$28.32	−26%
Wilmar International Limited F34	3.64 SGD	3.89 SGD	+7%
McCormick & Company MKCV	$55.65	$43.29	−22%

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Frequently asked questions

Is Tingyi (0322) overvalued or undervalued?

As of Aug 24, 2026, our model estimates a fair value of HK$19.03 versus a price of HK$12.42, about +53% upside (undervalued).

What is the fair value of 0322?

Our model-based fair value for Tingyi is HK$19.03 (as of Aug 24, 2026), built from audited fundamentals. The current price: HK$12.42.

What is the quality score of 0322?

Tingyi has a Quality Score of 69/100. 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 Tingyi (0322)?

Our model-based price target is the fair value of HK$19.03 (as of Aug 24, 2026) from 26 valuation models. Cautious scenario HK$13.32, optimistic scenario HK$23.79. It is a calculation from audited fundamentals, not an analyst target.

What is the Tingyi stock forecast for 2026?

Our models put fair value at HK$19.03, about +53% upside versus a price of HK$12.42 (undervalued). Cautious scenario HK$13.32, optimistic scenario HK$23.79. The calculation is refreshed regularly with new filings.

What is the revenue of Tingyi (0322)?

Tingyi reported trailing-twelve-month revenue of about HK$79.1B (latest available figure, as of Aug 24, 2026).

What is the net profit margin of 0322?

The net profit margin of Tingyi is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.

Does Tingyi pay a dividend?

Tingyi currently shows a dividend yield of about 7.29% relative to its recent price (as of Aug 24, 2026).

What growth is priced into Tingyi (0322)?

For today's price to be fair in a discounted-cash-flow model, Tingyi would have to grow free cash flow by +1.5 % per year for ten years (discount rate 9.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +2.6 % per year. As of Aug 24, 2026.

What discount rate (WACC) does the fair value of 0322 use?

Our models discount Tingyi at 9.0 %: a base by market capitalisation (mid), damped by beta 0.04, country premium for Hong Kong. The same rate applies in all 26 models.

What is the intrinsic value of Tingyi (0322)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tingyi it is HK$19.03 per share (as of Aug 24, 2026), against a price of HK$12.42. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).

Is Tingyi stock overvalued or undervalued in 2026?

As of Aug 24, 2026, 0322 trades below its calculated fair value: price HK$12.42, fair value HK$19.03, a gap of about +53% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.

Is fair value the same as the market price of 0322?

No. The price is what the market pays today (HK$12.42); the fair value is what the company's own numbers justify (HK$19.03). For Tingyi the two are HK$6.61 per share apart. That gap is exactly why we show both numbers side by side.

How much is Tingyi worth?

The market values Tingyi at about HK$55.1B (market capitalisation, as of Aug 24, 2026). Per share that is HK$12.42; our models calculate a fair value of HK$19.03 per share.

What do the bullish and bearish scenarios say about 0322?

Our models span a range for Tingyi: cautious scenario HK$13.32, base HK$19.03, optimistic HK$23.79 per share (as of Aug 24, 2026, price HK$12.42). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the P/E ratio of 0322?

Tingyi trades at a price-to-earnings ratio of 10.6 (as of Aug 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$19.03 is built from several models across several years. Other multiples: PEG 1.3, P/B 3.7, P/S 0.7, EV/EBITDA 5.3.

What is the PEG ratio of 0322?

The PEG ratio of Tingyi is 1.29 (P/E divided by earnings growth, as of Aug 24, 2026). That is above 1, so the growth is already paid for in the price.

How solid is the balance sheet of Tingyi (0322)?

Balance-sheet figures for Tingyi (as of Aug 24, 2026): return on equity 28.7%, debt of 0.39 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.

How far is 0322 from its 52-week high?

Tingyi trades at HK$12.42, about 2% below its 52-week high of HK$12.64 and 32% above the low of HK$9.38 (as of Aug 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$19.03 is for.

Which stocks are comparable to Tingyi?

From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Nestlé India Limited, Foshan Haitian Flavouring and Food Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.

Is Tingyi stock attractive at the current price?

The data as of Aug 24, 2026: price HK$12.42, calculated fair value HK$19.03 (+53%), Quality Score 69/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

How is the fair value of 0322 calculated?

We run Tingyi through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$19.03, with the spread shown as a cautious and an optimistic scenario.

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