Triumph New Energy Company (1108) Fair Value & Analysis

Basic Materials · HK · Market cap HK$1.6B

Below-average quality, screening 54% undervalued on our models.

What matters now

• The large discount to fair value meets weak quality (24/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case (HK$2.80). 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.
• A fairly wide model range (HK$2.80 to HK$5.60) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range HK$2.24 – HK$19.68 · fair‑value band HK$2.80 – HK$5.60 · the HK$2.44 price screens below the HK$3.75 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Triumph New Energy Company (1108) currently trades at HK$2.44, while our model-based Fair Value estimate is HK$3.75, implying the stock looks roughly 53.7% undervalued today. The Quality Score stands at 24/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, Triumph New Energy Company generated revenue of HK$3.0B at a net margin of -37.8%. Revenue declined 24.5% year over year. It earns a return on equity of -32.9%. Net debt stands at HK$5.5B. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$2.80 (bear case) to HK$5.60 (bull case); at HK$2.44, 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 57% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 54%, 1108 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.

Key figures & financial health

Quality Score breakdown

About the company

Triumph New Energy Company Limited engages in research, development, production, and sales of new energy materials. The company provides screen printed glass, backboard drilling tempered glass, ultra white ultra-thin photovoltaic glass, ultra white rolled photovoltaic coated glass, ultra white rolled photovoltaic tempered glass, ultra white rolled …

Full company description

Triumph New Energy Company Limited engages in research, development, production, and sales of new energy materials. The company provides screen printed glass, backboard drilling tempered glass, ultra white ultra-thin photovoltaic glass, ultra white rolled photovoltaic coated glass, ultra white rolled photovoltaic tempered glass, ultra white rolled photovoltaic raw glass, original glass, tempered glass, AR film glass, backboard glass, double glass component glass, and AR photovoltaic coated glass. It also offers transparency photovoltaic glass tempered sheet and photovoltaic glass. Triumph New Energy Company Limited was formerly known as Luoyang Glass Company Limited and changed its name to Triumph New Energy Company Limited in March 2023. Triumph New Energy Company Limited was founded in 1956 and is based in Luoyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Triumph New Energy Company reported revenue of HK$3.2B in FY2025 versus HK$3.6B in FY2021, a compound −2.6%/yr. Reported net income was −HK$914M in FY2025.

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Peer Group

Building Materials · 253 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 Building Materials 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.