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Tian An Medicare Limited (0383) Fair Value & Analysis

Healthcare · HK · Market cap HK$859M

TA Tian An Medicare Limited 0383 · HK
PriceHK$0.8100
Fair ValueHK$0.7400
Upside-8.6%
Quality34/100
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Mixed Growth
Loss-making · -1.6% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 14/100
Evidence: Medium Range HK$0.5200 – HK$0.9700 Share as image

Fair value as of: Aug 2, 2026

From 8 valuation models · updated 8 days ago

Share price −4.7% 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.
  • A fairly wide model range (HK$0.5200 to HK$0.9700) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$4.71 HK$0.6229 Fair Value HK$0.7400 Feb 2019 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$0.6229 – HK$4.71 · fair‑value band HK$0.5200 – HK$0.9700 · the HK$0.8100 price screens above the HK$0.7400 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Tian An Medicare Limited (0383) currently trades at HK$0.8100, while our model-based Fair Value estimate is HK$0.7400, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 34/100 (below-average quality), in the Healthcare 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: medium).

Over the trailing twelve months, Tian An Medicare Limited generated revenue of HK$1.6B at a net margin of -1.6%. Revenue grew 6.1% year over year. It earns a return on equity of -1.1%. Net debt stands at HK$149M. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$0.5200 (bear case) to HK$0.9700 (bull case); at HK$0.8100, 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at -9%, 0383 screens richer 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
ROIC Compounder HK$0.6100 HK$0.6500 HK$0.6800 72
Gordon GGM HK$0.1700 HK$0.3100 HK$0.4300 70
DDM Multi-Stage HK$0.1700 HK$0.2900 HK$0.3400 61
All 8 models by family
Earnings-Based
EPV HK$0.6100 HK$0.6500 HK$0.6800 59
Dividend Discount
Gordon GGM HK$0.1700 HK$0.3100 HK$0.4300 70
DDM Multi-Stage HK$0.1700 HK$0.2900 HK$0.3400 61
Multiples
EV/EBIT HK$0.9700 HK$1.20 HK$1.42 53
EV/EBITDA HK$1.83 HK$2.33 HK$2.84 54
EV/Revenue HK$0.7800 HK$0.9900 HK$1.19 43
Asset-Based
NCAV (Graham) HK$0.8800 HK$1.18 HK$1.75 50
Economic Profit
ROIC Compounder HK$0.6100 HK$0.6500 HK$0.6800 72

Widest divergence: Multiples (HK$1.20) versus Dividend Discount (HK$0.2900). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) HK$1.6B
Revenue growth (YoY) +6.1%
Net margin -1.6%
Return on equity -1.1%
Free cash flow −HK$69.2M FY2026
Operating margin 2.8%
More key figures
EPS (TTM) HK$0.0100
EPS growth (YoY) -44.6%
Net debt HK$149M FY2026

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 34

Profitability 15
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 42
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 An Medicare Limited, an investment holding company, primarily operates hospitals in the People's Republic of China and Hong Kong. It operates through Healthcare, Eldercare, Property Development, Property Investment, Financial Services, and Securities Trading and Investments segments.

Full company description

Tian An Medicare Limited, an investment holding company, primarily operates hospitals in the People's Republic of China and Hong Kong. It operates through Healthcare, Eldercare, Property Development, Property Investment, Financial Services, and Securities Trading and Investments segments. The company is also involved in property development of independent living units and project management of health campus with a focus on eldercare and retirement community including elderly nursing home, service apartments, independent living units and commercial area comprising shopping mall, retail shops, and club hall facilities. In addition, it develops and sells properties and lands; leases properties; and provides loan financial and healthcare services, as well as trading of securities listed in overseas exchange. The company was formerly known as China Medical & HealthCare Group Limited and changed its name to Tian An Medicare Limited in April 2024. Tian An Medicare Limited was incorporated in 1989 and is based in Wan Chai, Hong Kong. The company operates as a subsidiary of Tian An China Investments Company Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tian An Medicare Limited reported revenue of HK$1.6B in FY2026 versus HK$1.5B in FY2022, a compound +2.9%/yr. Reported net income was −HK$26.8M in FY2026.

Growth Quality 18/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
HK$1.6B
Latest YoY
+0.7%
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.
+4.4%
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.
+6.2%
Avg. growth/yr (25Y) 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.
−1.9%
Revenue +2.9%/yr
FY22 HK$1.5B
FY23 HK$1.4B
FY24 HK$1.6B
FY25 HK$1.6B
FY26 HK$1.6B
Net income
FY22 −HK$137M
FY23 −HK$124M
FY24 HK$11.3M
FY25 HK$28.8M
FY26 −HK$26.8M
Character of growth · EPS growth decomposed (2014-2025) −15.2 % p.a.
Revenue per share +35.5 pp

of which total revenue +14.2 pp · buybacks/dilution +21.3 pp

EBIT margin −9.5 pp
Tax rate −5.3 pp
Residual (interest, one-offs) −36.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Tian An Medicare Limited Fair Value". https://www.fairvalue-calculator.com/stock/0383

Peer Group

Medical Care Facilities · 261 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 34 · Bottom 25%
Fair Value upside −9% · Below median
Return on assets 1% · Below median
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 6% · Above median
Debt / equity 0.25× · Higher than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.07× · 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 22 · sector 23
FUTURE 31 · sector 24
PAST 0 · sector 30
HEALTH 88 · sector 90
DIVIDEND 0 · sector 38

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 Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is Tian An Medicare Limited (0383) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$0.7400 versus a price of HK$0.8100, about −9% (fairly valued).
What is the fair value of 0383?
Our model-based fair value for Tian An Medicare Limited is HK$0.7400 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$0.8100.
What is the quality score of 0383?
Tian An Medicare Limited has a Quality Score of 34/100. 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 An Medicare Limited (0383)?
Tian An Medicare Limited reported trailing-twelve-month revenue of about HK$1.6B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0383?
The net profit margin of Tian An Medicare Limited is about -1.6%, 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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