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TIL Enviro Ltd (1790) Fair Value & Analysis

Industrials · HK · Market cap HK$520M

TE TIL Enviro Ltd 1790 · HK
PriceHK$0.5000
Fair ValueHK$1.04
Upside+108.0%
Quality51/100
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Weak Growth
Highly profitable · 21.8% net margin
Low debt · negative free cash flow
Ranks above peers (8/13)
Narrow moat 39/100
Evidence: High Range HK$0.7900 – HK$1.04 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 3 days ago

A solid business, screening 108% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (HK$0.7900). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) 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$0.7900 HK$0.3314 Fair Value HK$1.04 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$0.3314 – HK$0.7900 · fair‑value band HK$0.7900 – HK$1.04 · the HK$0.5000 price screens below the HK$1.04 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

TIL Enviro Ltd (1790) currently trades at HK$0.5000, while our model-based Fair Value estimate is HK$1.04, implying the stock looks roughly 108.0% undervalued today. The Quality Score stands at 51/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, TIL Enviro Ltd generated revenue of HK$230M at a net margin of 21.8%. Revenue grew 5.0% year over year. It earns a return on equity of 3.5%. Net debt stands at HK$525M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.7900 (bear case) to HK$1.04 (bull case); at HK$0.5000, 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 17% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 108%, 1790 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
Residual Income HK$1.04 HK$1.01 HK$0.8300 76
ROIC Compounder HK$0.7100 HK$0.8600 HK$0.9800 72
Gordon GGM HK$0.3900 HK$0.4200 HK$0.4600 70
All 15 models by family
DCF Models
Owner Earnings HK$0.0300 HK$0.1500 HK$0.3700 31
Earnings-Based
Graham-Dodd HK$0.3400 HK$0.4200 HK$0.4700 54
EPV HK$0.7100 HK$0.8600 HK$0.9800 59
Dividend Discount
Gordon GGM HK$0.3900 HK$0.4200 HK$0.4600 70
DDM Multi-Stage HK$0.3900 HK$0.4600 HK$0.5600 61
Multiples
P/E Multiple HK$0.7900 HK$1.05 HK$1.32 63
P/S Multiple HK$0.3500 HK$0.4600 HK$0.5800 58
P/B Multiple HK$0.6400 HK$0.8500 HK$1.07 55
EV/EBIT HK$1.55 HK$2.20 HK$2.84 53
EV/EBITDA HK$1.11 HK$1.61 HK$2.11 54
EV/Revenue HK$0.0300 HK$0.1500 43
Asset-Based
NCAV (Graham) HK$0.7400 HK$1.00 HK$1.49 50
Economic Profit
Residual Income HK$1.04 HK$1.01 HK$0.8300 76
ROIC Compounder HK$0.7100 HK$0.8600 HK$0.9800 72
Growth Earnings
Growth-Adj P/E HK$0.5600 HK$0.8000 HK$1.04 68

Widest divergence: Asset-Based (HK$1.00) versus DCF Models (HK$0.1500). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$230M
Revenue growth (YoY) +5.0%
Net margin 21.8%
Return on equity 3.5%
Free cash flow −HK$14.0M FY2025
P/E ratio 10.0
More key figures
Operating margin 3.5%
EPS (TTM) HK$0.0500
EPS growth (YoY) +1.3%
Net debt HK$525M FY2025

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 46 · Market factors (momentum, volatility) 52

Profitability 32
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 82
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

TIL Enviro Limited provides wastewater treatment in the People's Republic of China. The company provides consultancy services, as well as supplies recycled water. It also operates and manages wastewater treatment facilities on a transfer-operate-transfer basis.

Full company description

TIL Enviro Limited provides wastewater treatment in the People's Republic of China. The company provides consultancy services, as well as supplies recycled water. It also operates and manages wastewater treatment facilities on a transfer-operate-transfer basis. In addition, the company engages in upgrading and expansion of its wastewater treatment facilities. The company was founded in 2011 and is headquartered in Guangzhou, the People's Republic of China. TIL Enviro Limited is a subsidiary of Sparkle Century Group Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TIL Enviro Ltd reported revenue of HK$230M in FY2025 versus HK$249M in FY2021, a compound −1.9%/yr. Reported net income was HK$50.2M in FY2025, compounding −18.8%/yr from FY2021.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$230M
Latest YoY
−0.2%
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.
+2.5%
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.
−5.5%
Avg. growth/yr (10Y) 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.
−0.9%
Revenue −1.9%/yr
FY21 HK$249M
FY22 HK$213M
FY23 HK$180M
FY24 HK$231M
FY25 HK$230M
Net income −18.8%/yr
FY21 HK$115M
FY22 HK$68.1M
FY23 HK$73.3M
FY24 HK$66.2M
FY25 HK$50.2M
Character of growth · EPS growth decomposed (2015-2025) +3.8 % p.a.
Revenue per share −0.8 pp

of which total revenue −0.8 pp · buybacks/dilution +0.0 pp

EBIT margin +3.2 pp
Tax rate +1.4 pp
Residual (interest, one-offs) +0.0 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). "TIL Enviro Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1790

Peer Group

Waste Management · 168 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 51 · Above median
Fair Value upside +108% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 9.6% · Top 25%
Debt / equity 0.29× · Lower than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than 75% of peers
P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 2.26× · Pricier than median
EV/EBITDA 11.6× · Pricier than median

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 7
FUTURE 25 · sector 21
PAST 14 · sector 25
HEALTH 86 · sector 82
DIVIDEND 100 · sector 47

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $226.32 $128.02 -43%
Republic Services, Inc RSG $215.08 $120.63 -44%
Waste Connections, Inc WCN C$230.52 C$78.67 -66%
Veolia Environnement SA VIE €34.47 €23.26 -33%
Clean Harbors, Inc CLH $316.65 $154.01 -51%
GFL Environmental Inc GFL C$57.56 C$44.27 -23%
GEM Co 002340 ¥6.75 ¥5.27 -22%
Zhejiang Weiming Environment Protection Co 603568 ¥15.68 ¥20.95 +34%
China Everbright Environment Group 0257 HK$5.00 HK$8.96 +79%
Beijing GeoEnviron Engineering & Technology, Inc 603588 ¥14.10 ¥9.35 -34%

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Frequently asked questions

Is TIL Enviro Ltd (1790) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$1.04 versus a price of HK$0.5000, about +108% (undervalued).
What is the fair value of 1790?
Our model-based fair value for TIL Enviro Ltd is HK$1.04 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.5000.
What is the quality score of 1790?
TIL Enviro Ltd has a Quality Score of 51/100. 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 TIL Enviro Ltd (1790)?
TIL Enviro Ltd reported trailing-twelve-month revenue of about HK$230M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1790?
The net profit margin of TIL Enviro Ltd is about 21.8%, meaning it keeps roughly 21.8% of revenue as net income. 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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