Tan Chong International Ltd (0693) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Tan Chong International Ltd stock HK$2.18, price HK$1.43, upside +52.4%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range HK$0.8788 – HK$1.90 · fair‑value band HK$1.63 – HK$2.71 · the HK$1.43 price screens below the HK$2.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.
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Tan Chong International Limited, an investment holding company, provides vehicles and related spare parts in Singapore, Taiwan, the People's Republic of China, Japan, Thailand, and internationally.
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It operates through Motor Vehicle Distribution and Dealership; Heavy Commercial Vehicle and Industrial Equipment Distribution; Property Rentals and Development; Transportation; and Other Operations segments.
The company distributes various models of Nissan and Subaru passenger cars; Nissan light commercial vehicles; heavy commercial vehicles and industrial equipment; and various brands of forklift trucks.
It also engages in the development and rental of various investment properties; rental of machinery; general cargo business; and investment holding, auto leasing, capital and equipment financing, hire purchase financing, and provision of workshop services, and manufacturing of vehicles seats, as well as provides vehicle logistics services to vehicles manufacturers, as well as human resource management services to transportation business.
Tan Chong International Limited was founded in 1957 and is based in Wan Chai, Hong Kong.
Stock analysis
Tan Chong International Ltd (0693) currently trades at HK$1.43, while our model-based Fair Value estimate is HK$2.18, implying the stock looks roughly 34% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$2.47 per share, and 15 of the 24 models we run sit above the HK$1.43 price.
Bear case: the Dividend Discount group reads lowest at HK$0.3600, and 9 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.63 (bear) to HK$2.71 (bull), the price of HK$1.43 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tan Chong International Ltd reported revenue of HK$12.0B in FY2025 versus HK$11.9B in FY2021, a compound +0.4%/yr. Reported net income was HK$144M in FY2025, compounding −21.5%/yr from FY2021.
Key figures
Market cap HK$2.9B (≈ $367M) Small · P/E ratio 13.5 · P/S ratio 0.16 · Dividend yield 5.9% · Net margin 1.8% · Return on equity 3.1% · Return on assets (EBIT) 3.6% (5-year average) · Operating margin 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −12% fair-value upside, at 52%, 0693 screens cheaper than that median.
Fair Value models
BearHK$1.63Fair Value HK$2.18BullHK$2.71
Price HK$1.43 · Upside +52.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
Start year 2020 (pandemic). Over 10 years: −2.1% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.3%
Dividend (yield on the price)5.9%
Pace: 5 vs 10 years ⓘ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.−14.3% vs −7.4%, slowing
Profit margin 2020 to 2025 ⓘ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.2% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −5.2% a year for the price.
Compare Tan Chong International Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Auto & Truck Dealerships · 87 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+52.4% · Above median
Profitability
Return on equity (12 months)3.1% · Below median
Return on assets1.3% · Below median
Net margin (12 months)4.1% · Top 25%
Operating margin (12 months)6.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−5.4% · Bottom 25%
Dividend yield (12 months)5.9% · Top 25%
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Auto & Truck Dealerships median · lower = cheaper
P/E (12 months)13.5× · Cheaper than median
P/B0.24× · Cheapest 25%
P/S (12 months)0.55× · Pricier than median
Price / free cash flow (fiscal year)7.1× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Tan Chong International Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0693
Frequently asked questions
Is Tan Chong International Ltd (0693) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of HK$2.18 versus the last price from Nov 5, 2026 of HK$1.43, about +52% upside (undervalued).
What is the fair value of 0693?
Our model-based fair value for Tan Chong International Ltd is HK$2.18 (as of Nov 10, 2026), built from audited fundamentals. Last price (from Nov 5, 2026): HK$1.43.
What is the quality score of 0693?
Tan Chong International Ltd has a Quality Score of 50/100. 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 Tan Chong International Ltd (0693)?
Our model-based price target is the fair value of HK$2.18 (as of Nov 10, 2026) from 24 valuation models. Cautious scenario HK$1.63, optimistic scenario HK$2.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Tan Chong International Ltd stock forecast for 2026?
Our models put fair value at HK$2.18, about +52% upside versus the last price from Nov 5, 2026 of HK$1.43 (undervalued). Cautious scenario HK$1.63, optimistic scenario HK$2.71. The calculation is refreshed regularly with new filings.
What is the revenue of Tan Chong International Ltd (0693)?
Tan Chong International Ltd reported trailing-twelve-month revenue of about HK$11.7B (latest available figure, as of Nov 10, 2026).
Does Tan Chong International Ltd pay a dividend?
Tan Chong International Ltd currently shows a dividend yield of 5.94% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Tan Chong International Ltd (0693) and when is the ex-dividend date?
Tan Chong International Ltd pays a dividend of HK$0.085 per share a year, a dividend yield of 5.9%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since at least 1999. The payout ratio is 119% of earnings. Free cash flow covers the dividend 5.22 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Tan Chong International Ltd (0693)?
For today's price to be fair in a discounted-cash-flow model, Tan Chong International Ltd would have to grow free cash flow by -3.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.5 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 0693 use?
Our models discount Tan Chong International Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.11, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tan Chong International Ltd that is -3.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Tan Chong International Ltd (0693) delivered so far?
Over the past 5 years revenue at Tan Chong International Ltd grew -0.5 % a year. The price currently implies free-cash-flow growth of -3.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tan Chong International Ltd (0693) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Tan Chong International Ltd (-3.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tan Chong International Ltd (0693)?
The free-cash-flow yield on the price is 31.04 %: that much free cash flow Tan Chong International Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tan Chong International Ltd (0693)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tan Chong International Ltd it is HK$2.18 per share (as of Nov 10, 2026), against a price of HK$1.43. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tan Chong International Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 0693 trades below its calculated fair value: price HK$1.43, fair value HK$2.18, a gap of about +52% (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 0693?
No. The price is what the market pays today (HK$1.43); the fair value is what the company's own numbers justify (HK$2.18). For Tan Chong International Ltd the two are HK$0.7500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tan Chong International Ltd worth?
The market values Tan Chong International Ltd at about HK$2.9B (market capitalisation, as of Nov 10, 2026). Per share that is HK$1.43; our models calculate a fair value of HK$2.18 per share.
What do the bullish and bearish scenarios say about 0693?
Our models span a range for Tan Chong International Ltd: cautious scenario HK$1.63, base HK$2.18, optimistic HK$2.71 per share (as of Nov 10, 2026, price HK$1.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0693?
Tan Chong International Ltd trades at a price-to-earnings ratio of 13.5 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$2.18 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 10.6. Other multiples: P/B 0.2, P/S 0.5, EV/EBITDA 5.3.
How solid is the balance sheet of Tan Chong International Ltd (0693)?
Balance-sheet figures for Tan Chong International Ltd (as of Nov 10, 2026): return on equity 3.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 0693 from its 52-week high?
Tan Chong International Ltd trades at HK$1.43, about 25% below its 52-week high of HK$1.90 and at the low of HK$1.43 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.18 is for.
Which stocks are comparable to Tan Chong International Ltd?
From the same area (Consumer Cyclical) we also value Carvana Co, Penske Automotive Group, Hotai Motor Co, CarMax, Inc, 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 Tan Chong International Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price HK$1.43, calculated fair value HK$2.18 (+52%), Quality Score 50/100, from 24 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 0693 calculated?
We run Tan Chong International Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$2.18 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Tan Chong International Ltd currently trades 34% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tan Chong International Ltd (0693)?
The latest price we hold is from Nov 5, 2026 and stands at HK$1.43. Our model-based fair value is HK$2.18, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tan Chong International Ltd right now?
The price is below even our cautious bear case (HK$1.63). 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. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Tan Chong International Ltd (0693) come from?
Earnings per share at Tan Chong International Ltd grew −5.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.0 %, EBIT margin +0.0 %, tax rate −1.8 %, residual (interest, one-offs) −2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tan Chong International Ltd
How large is the market capitalisation of Tan Chong International Ltd (0693)?
The market capitalisation of Tan Chong International Ltd is HK$2.9B (≈ $367M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tan Chong International Ltd (0693)?
The price-to-sales ratio of Tan Chong International Ltd is 0.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Tan Chong International Ltd (0693)?
The dividend yield of Tan Chong International Ltd is 5.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tan Chong International Ltd (0693)?
The net margin of Tan Chong International Ltd is 1.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tan Chong International Ltd (0693)?
The return on equity (ROE) of Tan Chong International Ltd is 3.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tan Chong International Ltd (0693)?
On an EBIT basis the return on assets of Tan Chong International Ltd is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tan Chong International Ltd (0693)?
The operating margin of Tan Chong International Ltd is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tan Chong International Ltd (0693)?
Revenue at Tan Chong International Ltd is growing −5.4% versus a year earlier (3y avg −3.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tan Chong International Ltd (0693)?
Earnings per share at Tan Chong International Ltd are growing +601% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tan Chong International Ltd (0693) carry?
The net debt of Tan Chong International Ltd is HK$5.9B (fiscal year 2025, ≈ 6.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 10, 2026