Tianjin Development Holdings (0882) Fair Value & Analysis

Industrials · HK · Market cap HK$2.2B

Below-average quality, screening 98% undervalued on our models.

What matters now

• The price is below even our cautious bear case (HK$3.09). The market is more pessimistic than our downside scenario.
• Solid quality (46/100) 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 13, 2026.

How to read this chart

60‑month range HK$1.05 – HK$2.88 · fair‑value band HK$3.09 – HK$5.15 · the HK$2.08 price screens below the HK$4.12 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tianjin Development Holdings (0882) currently trades at HK$2.08, while our model-based Fair Value estimate is HK$4.12, implying the stock looks roughly 98.1% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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, Tianjin Development Holdings generated revenue of HK$3.2B at a net margin of 13.4%. Revenue declined 4.0% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of HK$885M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$3.09 (bear case) to HK$5.15 (bull case); at HK$2.08, 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 29% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 98%, 0882 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.

Widest divergence: Economic Profit (HK$8.46) versus Earnings-Based (HK$3.79). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Tianjin Development Holdings Limited, through its subsidiaries, supplies water, heat, thermal power, and electricity in China and Hong Kong. It operates through six segments: Utilities, Pharmaceutical, Hotel, Electrical and Mechanical, Port Services, and Elevators and Escalators.

Full company description

Tianjin Development Holdings Limited, through its subsidiaries, supplies water, heat, thermal power, and electricity in China and Hong Kong. It operates through six segments: Utilities, Pharmaceutical, Hotel, Electrical and Mechanical, Port Services, and Elevators and Escalators. The company engages in the supply of tap water, installation and maintenance of water pipes, technical consultancy, and retail and wholesale of water pipes and related parts, as well as water testing services; distribution of steam and heat for industrial, commercial, and residential customers; and supply of electricity, construction of electricity supply network, application of technology related to new energy and renewable energy, and electricity construction and related technical services, as well as energy storage technology services. It also manufactures and sells chemical drugs, Chinese medicines, and other healthcare products; researches and develops medicine technology and products; designs, manufactures, and prints pharmaceutical packaging; and sells other paper-based packaging materials. In addition, the company operates the Courtyard Hotel by Marriott Hong Kong; manufactures and sells hydroelectric equipment and large-scale pump units; provides port services; and manufactures and sells elevators and escalators. Further, it is involved in the finance lease business. The company was incorporated in 1997 and is based in Central, Hong Kong. Tianjin Development Holdings Limited operates as a subsidiary of Tsinlien Group Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianjin Development Holdings reported revenue of HK$3.2B in FY2025 versus HK$3.5B in FY2021, a compound −2.5%/yr. Reported net income was HK$428M in FY2025, compounding −2.3%/yr from FY2021.

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Peer Group

Conglomerates · 385 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 Multiples vs Conglomerates median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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Frequently asked questions

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.