Tak Lee Machinery Holdings Ltd (2102) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Tak Lee Machinery Holdings Ltd stock HK$0.59, price HK$0.36, upside +63.9%, quality 80 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 19, 2026.
How to read this chart
60‑month range HK$0.0762 – HK$0.3600 · fair‑value band HK$0.4400 – HK$0.7400 · the HK$0.3600 price screens below the HK$0.5900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 19, 2026.
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Tak Lee Machinery Holdings Limited, an investment holding company, engages in the sale and leasing of new and used heavy equipment and spare parts in Hong Kong.
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The company operates through Sales of Heavy Equipment and Spare Parts, Lease of Heavy Equipment, Repair, Logistics, and Other Ancillary Services segments.
It also sells and leases heavy equipment, such as excavators, articulated dump trucks, bulldozers, lifting cranes, aerial platforms, rollers, loaders, hydraulic breakers, generators, and air compressors.
In addition, the company distributes diesel engine generators; machine safety and control systems for height and slew control; and Mobile360 surround view and safety system technology products. Further, it provides maintenance and ancillary services; logistic services; and motor vehicle services.
Additionally, the company offers warehouse, after-sales, and in-house management support services; leases lands; provides operator and logistics services.
Tak Lee Machinery Holdings Limited sells various products under the Airman, Hitachi, Bell, Ammann, LaBounty, Hyundai, Rotobec, VIA, and Xwatch Safety Solutions brand names. The company was founded in 2001 and is based in Yuen Long, Hong Kong.
Tak Lee Machinery Holdings Limited operates as a subsidiary of Generous Way Limited.
Stock analysis
Tak Lee Machinery Holdings Ltd (2102) currently trades at HK$0.3600, while our model-based Fair Value estimate is HK$0.5900, implying the stock looks roughly 39.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.8000 per share, and 17 of the 24 models we run sit above the HK$0.3600 price.
Bear case: the Earnings-Based group reads lowest at HK$0.2400, and 7 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.4400 (bear) to HK$0.7400 (bull), the price of HK$0.3600 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 80/100 (high quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tak Lee Machinery Holdings Ltd reported revenue of HK$331M in FY2025 versus HK$486M in FY2021, a compound −9.2%/yr. Reported net income was HK$28.2M in FY2025, compounding −14.5%/yr from FY2021.
Key figures
Market cap HK$360M (≈ $45.9M) Micro · P/E ratio 12.0 · P/S ratio 1.02 · Dividend yield 9.7% · Net margin 8.5% · Return on equity 6.3% · Return on assets (EBIT) 6.5% · Operating margin 10.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 64%, 2102 screens cheaper than that median.
Fair Value models
BearHK$0.4400Fair Value HK$0.5900BullHK$0.7400
Price HK$0.3600 · Upside +63.9%
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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+18.4%
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.
−5.8%
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.
−12.1%
Start year 2020 (pandemic). Over 10 years: +0.9% a year
Revenue growth 10 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.
+0.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−4.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.5%
Dividend (yield on the price)9.7%
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.−11.3% vs −1.0%, 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.10% → 9%
2025 sits 297% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−22.9%
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 −24.5% a year for the price.
Compare Tak Lee Machinery Holdings 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.Farm & Heavy Construction Machinery · 149 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+63.9% · Top 25%
Profitability
Return on equity (12 months)6.3% · Below median
Return on assets5.7% · Above median
Net margin (12 months)8.4% · Above median
Operating margin (12 months)10.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)−1.4% · Bottom 25%
Dividend yield (12 months)9.7% · Top 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tak Lee Machinery Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2102
Frequently asked questions
Is Tak Lee Machinery Holdings Ltd (2102) overvalued or undervalued?
As of Oct 19, 2026, our model estimates a fair value of HK$0.5900 versus a price of HK$0.3600, about +64% upside (undervalued).
What is the fair value of 2102?
Our model-based fair value for Tak Lee Machinery Holdings Ltd is HK$0.5900 (as of Oct 19, 2026), built from audited fundamentals. The current price: HK$0.3600.
What is the quality score of 2102?
Tak Lee Machinery Holdings Ltd has a Quality Score of 80/100. 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 Tak Lee Machinery Holdings Ltd (2102)?
Our model-based price target is the fair value of HK$0.5900 (as of Oct 19, 2026) from 24 valuation models. Cautious scenario HK$0.4400, optimistic scenario HK$0.7400. It is a calculation from audited fundamentals, not an analyst target.
What is the Tak Lee Machinery Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.5900, about +64% upside versus a price of HK$0.3600 (undervalued). Cautious scenario HK$0.4400, optimistic scenario HK$0.7400. The calculation is refreshed regularly with new filings.
What is the revenue of Tak Lee Machinery Holdings Ltd (2102)?
Tak Lee Machinery Holdings Ltd reported trailing-twelve-month revenue of about HK$329M (latest available figure, as of Oct 19, 2026).
Does Tak Lee Machinery Holdings Ltd pay a dividend?
Tak Lee Machinery Holdings Ltd currently shows a dividend yield of 9.72% relative to its recent price (as of Oct 19, 2026).
What growth is priced into Tak Lee Machinery Holdings Ltd (2102)?
For today's price to be fair in a discounted-cash-flow model, Tak Lee Machinery Holdings Ltd would have to grow free cash flow by -22.9 % 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 -12.1 % per year. As of Oct 19, 2026.
What discount rate (WACC) does the fair value of 2102 use?
Our models discount Tak Lee Machinery Holdings Ltd at 10.3 %: a base by market capitalisation (nano), 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 Tak Lee Machinery Holdings Ltd that is -22.9 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Tak Lee Machinery Holdings Ltd (2102) delivered so far?
Over the past 5 years revenue at Tak Lee Machinery Holdings Ltd grew -12.1 % a year. The price currently implies -22.9 % per year free-cash-flow growth a 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 Tak Lee Machinery Holdings Ltd (2102) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Tak Lee Machinery Holdings Ltd (-22.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tak Lee Machinery Holdings Ltd (2102)?
The free-cash-flow yield on the price is 21.00 %: that much free cash flow Tak Lee Machinery Holdings 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 Tak Lee Machinery Holdings Ltd (2102)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tak Lee Machinery Holdings Ltd it is HK$0.5900 per share (as of Oct 19, 2026), against a price of HK$0.3600. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Tak Lee Machinery Holdings Ltd stock overvalued or undervalued in 2026?
As of Oct 19, 2026, 2102 trades below its calculated fair value: price HK$0.3600, fair value HK$0.5900, a gap of about +64% (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 2102?
No. The price is what the market pays today (HK$0.3600); the fair value is what the company's own numbers justify (HK$0.5900). For Tak Lee Machinery Holdings Ltd the two are HK$0.2300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tak Lee Machinery Holdings Ltd worth?
The market values Tak Lee Machinery Holdings Ltd at about HK$360M (market capitalisation, as of Oct 19, 2026). Per share that is HK$0.3600; our models calculate a fair value of HK$0.5900 per share.
What do the bullish and bearish scenarios say about 2102?
Our models span a range for Tak Lee Machinery Holdings Ltd: cautious scenario HK$0.4400, base HK$0.5900, optimistic HK$0.7400 per share (as of Oct 19, 2026, price HK$0.3600). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2102?
Tak Lee Machinery Holdings Ltd trades at a price-to-earnings ratio of 12.0 (as of Oct 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.5900 is built from several models across several years. Other multiples: P/B 0.8, P/S 1.1, EV/EBITDA 4.2.
How solid is the balance sheet of Tak Lee Machinery Holdings Ltd (2102)?
Balance-sheet figures for Tak Lee Machinery Holdings Ltd (as of Oct 19, 2026): return on equity 6.3%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 2102 from its 52-week high?
Tak Lee Machinery Holdings Ltd trades at HK$0.3600, at its 52-week high of HK$0.3600 and 45% above the low of HK$0.2480 (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.5900 is for.
Which stocks are comparable to Tak Lee Machinery Holdings Ltd?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Tak Lee Machinery Holdings Ltd stock attractive at the current price?
The data as of Oct 19, 2026: price HK$0.3600, calculated fair value HK$0.5900 (+64%), Quality Score 80/100, 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 2102 calculated?
We run Tak Lee Machinery Holdings Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.5900, 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. Tak Lee Machinery Holdings Ltd currently trades 39 % 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 Tak Lee Machinery Holdings Ltd (2102)?
The closing price on Oct 16, 2026 was HK$0.3600. Our model-based fair value is HK$0.5900, about +64% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tak Lee Machinery Holdings Ltd right now?
The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (HK$0.4400). 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.
Where does the earnings growth of Tak Lee Machinery Holdings Ltd (2102) come from?
Earnings per share at Tak Lee Machinery Holdings Ltd grew −8.9 % a year from 2015 to 2025. Broken into its drivers: revenue per share −2.2 %, EBIT margin −7.5 %, tax rate −0.5 %, residual (interest, one-offs) +1.2 %. 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 Tak Lee Machinery Holdings Ltd
How large is the market capitalisation of Tak Lee Machinery Holdings Ltd (2102)?
The market capitalisation of Tak Lee Machinery Holdings Ltd is HK$360M (≈ $45.9M). 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 Tak Lee Machinery Holdings Ltd (2102)?
The price-to-sales ratio of Tak Lee Machinery Holdings Ltd is 1.02 (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 Tak Lee Machinery Holdings Ltd (2102)?
The dividend yield of Tak Lee Machinery Holdings Ltd is 9.7%. 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 Tak Lee Machinery Holdings Ltd (2102)?
The net margin of Tak Lee Machinery Holdings Ltd is 8.5% (fiscal year 2025). 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 Tak Lee Machinery Holdings Ltd (2102)?
The return on equity (ROE) of Tak Lee Machinery Holdings Ltd is 6.3% (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 Tak Lee Machinery Holdings Ltd (2102)?
On an EBIT basis the return on assets of Tak Lee Machinery Holdings Ltd is 6.5% (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 Tak Lee Machinery Holdings Ltd (2102)?
The operating margin of Tak Lee Machinery Holdings Ltd is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tak Lee Machinery Holdings Ltd (2102)?
Revenue at Tak Lee Machinery Holdings Ltd is growing −1.4% versus a year earlier (3y avg −5.8%). 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 Tak Lee Machinery Holdings Ltd (2102)?
Earnings per share at Tak Lee Machinery Holdings Ltd are growing −4.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tak Lee Machinery Holdings Ltd (2102) hold?
Tak Lee Machinery Holdings Ltd holds more cash than debt, HK$116M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 19, 2026