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Tiande Chemical Holdings (0609) Fair Value & Analysis

Basic Materials · HK · Market cap HK$922M

TC Tiande Chemical Holdings 0609 · HK
PriceHK$1.07
Fair ValueHK$1.71
Upside+60.0%
Quality56/100
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Healthy Growth
Thin margins · 3.3% net margin
Low debt · generates free cash flow
2.55% dividend yield
Ranks above peers (10/14)
Narrow moat 27/100
Evidence: High Range HK$1.27 – HK$2.14 Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$1.40 to HK$1.71 (+22.3%) since Aug 2, 2026. Share price −2.7% over the past month.

A solid business, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$1.27). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$2.11 HK$0.4038 Fair Value HK$1.71 Mar 2021 Aug 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$0.4038 – HK$2.11 · fair‑value band HK$1.27 – HK$2.14 · the HK$1.07 price screens below the HK$1.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tiande Chemical Holdings (0609) currently trades at HK$1.07, while our model-based Fair Value estimate is HK$1.71, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials 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: high), always confirm before acting.

Over the trailing twelve months, Tiande Chemical Holdings generated revenue of HK$1.9B at a net margin of 3.3%. Revenue grew 8.7% year over year. It earns a return on equity of 1.7%. Net debt stands at HK$103M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.27 (bear case) to HK$2.14 (bull case); at HK$1.07, 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 39% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at 60%, 0609 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$1.23 HK$1.60 HK$2.06 80
Residual Income HK$1.86 HK$1.75 HK$1.32 76
Rev-Margin DCF HK$1.17 HK$1.69 HK$2.27 74
All 21 models by family
DCF Models
FCF DCF HK$1.22 HK$1.64 HK$2.21 38
Owner Earnings HK$0.9500 HK$1.26 HK$1.66 31
5Y Revenue Exit HK$1.17 HK$1.68 HK$2.32 39
5Y EBITDA Exit HK$1.44 HK$2.17 HK$3.02 41
5Y P/E Exit HK$1.11 HK$1.57 HK$2.04 38
10Y Revenue Exit HK$1.16 HK$1.60 HK$2.17 36
10Y EBITDA Exit HK$1.34 HK$1.91 HK$2.66 37
10Y P/E Exit HK$1.15 HK$1.53 HK$1.98 35
Earnings-Based
Graham-Dodd HK$0.4800 HK$1.47 HK$1.95 54
Lynch FV HK$0.3100 HK$0.4500 HK$0.5800 50
PEG = 1.0 HK$0.3100 HK$0.4500 HK$0.5800 46
Multiples
P/E Multiple HK$0.9100 HK$1.21 HK$1.51 63
P/S Multiple HK$0.9100 HK$1.21 HK$1.51 58
P/B Multiple HK$0.9100 HK$1.21 HK$1.51 55
EV/EBITDA HK$1.76 HK$2.27 HK$2.78 54
EV/Revenue HK$1.19 HK$1.60 HK$2.01 43
Asset-Based
NCAV (Graham) HK$1.39 HK$1.86 HK$2.78 50
Growth DCF
Growth DCF HK$1.23 HK$1.60 HK$2.06 80
Rev-Margin DCF HK$1.17 HK$1.69 HK$2.27 74
Economic Profit
Residual Income HK$1.86 HK$1.75 HK$1.32 76
Growth Earnings
Growth-Adj P/E HK$0.7600 HK$1.09 HK$1.41 68

Widest divergence: Asset-Based (HK$1.86) versus Earnings-Based (HK$0.4500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$1.9B
Revenue growth (YoY) +8.7%
Net margin 3.3%
Return on equity 1.7%
Free cash flow HK$91.8M FY2025
P/E ratio 13.1 as of Jul 2, 2026
More key figures
Operating margin 1.4%
EPS (TTM) HK$0.0400
Dividend yield 2.6%
EPS growth (YoY) +7.4%
Net debt HK$103M FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 32

Profitability 26
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 78
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

Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sells fine chemical products in the People's Republic of China, India, the United States, United Arab Emirates, the Republic of Uganda, and internationally.

Full company description

Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sells fine chemical products in the People's Republic of China, India, the United States, United Arab Emirates, the Republic of Uganda, and internationally. The company offers cyanoacetates; malonates; ethylenediamine tetraacetic acid series; basic chemicals, including sodium cyanide, cyano acetic acid, ethanol, tertiary butanol, and chloroacetic acid; instant adhesive products; and other products, such as dihydroxypyrimidine, cyclohexanediacetic acid monoamide, cyclohexanediacetic acid, sodium methoxide, and cyanuric. It also engages in research, development, manufacture, and sale of adhesive products. The company's product used in pharmaceuticals, daily chemicals, pesticides, fertilizers, adhesives, fragrances, coatings, and other fields. Tiande Chemical Holdings Limited was founded in 1993 and is headquartered in Weifang City, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tiande Chemical Holdings reported revenue of HK$1.9B in FY2025 versus HK$2.6B in FY2021, a compound −7.5%/yr. Reported net income was HK$62.5M in FY2025, compounding −36.3%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$1.9B
Latest YoY
+1.2%
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.
−18.6%
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.
+6.9%
Avg. growth/yr (22Y) 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.
+10.7%
Revenue −7.5%/yr
FY21 HK$2.6B
FY22 HK$3.5B
FY23 HK$2.1B
FY24 HK$1.9B
FY25 HK$1.9B
Net income −36.3%/yr
FY21 HK$380M
FY22 HK$871M
FY23 HK$211M
FY24 HK$66.9M
FY25 HK$62.5M

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Cite: Fair Value Calculator (2026). "Tiande Chemical Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0609

Peer Group

Chemicals · 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 56 · Above median
Fair Value upside +60% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than 75% of peers
P/B 0.38× · Cheaper than 75% of peers
P/S (TTM) 0.49× · Cheaper than median
P/FCF 1.3× · Cheaper than median
EV/EBITDA 3.2× · 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 100 · sector 0
FUTURE 44 · sector 20
PAST 7 · sector 20
HEALTH 100 · sector 94
DIVIDEND 51 · 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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,950 IDR 1,608 IDR -18%
LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%
Deepak Nitrite Limited DEEPAKNTR ₹1,718 ₹679.17 -60%
KCC Corporation 002380 454,000 KRW 1,763,304 KRW +288%

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Frequently asked questions

Is Tiande Chemical Holdings (0609) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.71 versus a price of HK$1.07, about +60% (undervalued).
What is the fair value of 0609?
Our model-based fair value for Tiande Chemical Holdings is HK$1.71 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$1.07.
What is the quality score of 0609?
Tiande Chemical Holdings has a Quality Score of 56/100. 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 Tiande Chemical Holdings (0609)?
Tiande Chemical Holdings reported trailing-twelve-month revenue of about HK$1.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0609?
The net profit margin of Tiande Chemical Holdings is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does Tiande Chemical Holdings pay a dividend?
Tiande Chemical Holdings currently shows a dividend yield of about 2.55% relative to its recent price (as of Aug 13, 2026).

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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