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Times Universal Group Holdings Ltd (2310) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$155M (≈ $19.8M) · ISIN HK2310012334

What is Times Universal Group Holdings Ltd really worth?

TU Times Universal Group Holdings Ltd 2310 · HK
PriceHK$0.1910
Fair ValueHK$0.0400
Upside−79.1%
Quality45/100

Below-average quality, and trading another 378% above our fair value of HK$0.0400.

As of Aug 26, 2026, the fair value of Times Universal Group Holdings Ltd is HK$0.0400 per share against a price of HK$0.1910, so the fair value sits 79% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +14.8 %/yr)
!Loss-making · -1.2% net margin
!Negative equity (buybacks among others) · negative free cash flow
!Mixed vs. peers (5/11)
!Narrow moat 13/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range HK$0.0300 – HK$0.0400

Fair value as of: Aug 26, 2026

From 3 valuation models · updated 11 days ago

Share price −4.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (HK$0.0400). The favourable scenario is already priced in.
  • 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 but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

HK$0.2360 HK$0.0210 Fair Value HK$0.0400 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range HK$0.0210 – HK$0.2360 · fair‑value band HK$0.0300 – HK$0.0400 · the HK$0.1910 price screens above the HK$0.0400 fair value. Dashed = 300-day average. As of Aug 26, 2026.

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Analysis

Times Universal Group Holdings Ltd (2310) currently trades at HK$0.1910, while our model-based Fair Value estimate is HK$0.0400, implying the stock looks roughly 377.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Dividend Discount group reads highest at a median of HK$0.0400 per share, and 0 of the 3 models we run sit above the HK$0.1910 price. Bear case: the Multiples group reads lowest at HK$0.0300, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Times Universal Group Holdings Ltd generated revenue of HK$117M at a net margin of −1.2%. Revenue grew 6.6% year over year. Net debt stands at HK$80.7M. Fundamentals as of Aug 26, 2026

Our scenario range runs from HK$0.0300 (bear case) to HK$0.0400 (bull case); at HK$0.1910, the current price sits above 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 27% below its 52-week high, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at −79%, 2310 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Gordon GGM best evidence HK$0.0400 HK$0.0400 HK$0.0400 69
DDM Multi-Stage HK$0.0400 HK$0.0400 HK$0.0500 67
EV/EBITDA HK$0.0300 HK$0.0300 HK$0.0400 67
All 3 models by family
Dividend Discount
Gordon GGM best evidence HK$0.0400 HK$0.0400 HK$0.0400 69
DDM Multi-Stage HK$0.0400 HK$0.0400 HK$0.0500 67
Multiples
EV/EBITDA HK$0.0300 HK$0.0300 HK$0.0400 67

Widest divergence: Dividend Discount (HK$0.0400) versus Multiples (HK$0.0300). Highest evidence: Gordon GGM (69).

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Key figures & financial health

P/S ratio 1.32 TTM
Dividend yield 3.9%
Net margin −1.2% FY2025
Return on equity −3,435% TTM
Return on assets (EBIT) −7.6% avg 5y
Operating margin 3.9% TTM
More key figures
Growth
Revenue (TTM) HK$117M TTM
Revenue growth (YoY) +6.6% 3y avg +6.9%
Balance sheet & cash flow
Free cash flow −HK$1.0M FY2025
Net debt HK$80.7M FY2025

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 72

Profitability 36
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 85
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Times Universal Group Holdings Limited, an investment holding company, engages in the hotel operation activities in the People's Republic of China and Canada. It offers property management services; catering management services, such as kitchen management and delivering quality ingredients.

Full company description

Times Universal Group Holdings Limited, an investment holding company, engages in the hotel operation activities in the People's Republic of China and Canada. It offers property management services; catering management services, such as kitchen management and delivering quality ingredients. The company was formerly known as Forebase International Holdings Limited and changed its name to Times Universal Group Holdings Limited in July 2020. The company was incorporated in 1987 and is based in Sheung Wan, Hong Kong. Times Universal Group Holdings Limited operates as a subsidiary of Great Match International Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Times Universal Group Holdings Ltd reported revenue of HK$117M in FY2025 versus HK$77.7M in FY2021, a compound +10.8%/yr. Reported net income was −HK$1.4M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$117M
Latest YoY
+5.8%
Avg. revenue 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.
+6.9%
Avg. revenue 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.
+14.8%
Avg. revenue growth/yr (23Y) 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.
−5.2%
EBIT margin (trend) 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.
−76.8% (2020) → −3.1% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +10.8%/yr
FY21 HK$77.7M
FY22 HK$96.1M
FY23 HK$102M
FY24 HK$111M
FY25 HK$117M
Net income
FY21 −HK$20.9M
FY22 −HK$24.2M
FY23 −HK$8.3M
FY24 −HK$7.5M
FY25 −HK$1.4M

2310 screens 378% overvalued. Compare with Las Vegas Sands Corp →

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Cite: Fair Value Calculator (2026). "Times Universal Group Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2310.HK

Peer Group

Resorts & Casinos · 73 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 47 · Below median
Fair Value upside −79% · Bottom 25%
Return on assets −2% · Bottom 25%
Net margin (TTM) −1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 3.9% · Above median

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/S (TTM) 0.17× · Cheaper than 75% of peers
EV/EBITDA 8.2× · Pricier than median
PEG 0.24× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 27
FUTURE33 · sector 24
PAST0 · sector 20
HEALTH100 · sector 82
DIVIDEND77 · sector 59

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

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

Gambling

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.37 $51.60 +16%
Galaxy Entertainment Group 0027 HK$33.86 HK$40.46 +19%
Sands China Ltd 1928 HK$14.45 HK$19.10 +32%
MGM Resorts International, through its subsidiaries, MGM $42.28 $17.73 −58%
Wynn Resorts, Limited WYNN $102.97 $69.39 −33%
Red Rock Resorts, Inc RRR $58.40 $18.01 −69%
Boyd Gaming Corporation BYD $78.02 $151.24 +94%
Caesars Entertainment, Inc CZR $29.63 $80.92 +173%
Genting Singapore Limited G13 0.6700 SGD 0.6900 SGD +3%
Vail Resorts, Inc MTN $148.36 $132.94 −10%

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Frequently asked questions

Is Times Universal Group Holdings Ltd (2310) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of HK$0.0400 versus a price of HK$0.1910, about −79% upside (overvalued).
What is the fair value of 2310?
Our model-based fair value for Times Universal Group Holdings Ltd is HK$0.0400 (as of Aug 26, 2026), built from audited fundamentals. The current price: HK$0.1910.
What is the quality score of 2310?
Times Universal Group Holdings Ltd has a Quality Score of 45/100. 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 Times Universal Group Holdings Ltd (2310)?
Our model-based price target is the fair value of HK$0.0400 (as of Aug 26, 2026) from 3 valuation models. Cautious scenario HK$0.0300, optimistic scenario HK$0.0400. It is a calculation from audited fundamentals, not an analyst target.
What is the Times Universal Group Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.0400, about −79% upside versus a price of HK$0.1910 (overvalued). Cautious scenario HK$0.0300, optimistic scenario HK$0.0400. The calculation is refreshed regularly with new filings.
What is the revenue of Times Universal Group Holdings Ltd (2310)?
Times Universal Group Holdings Ltd reported trailing-twelve-month revenue of about HK$117M (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 2310?
The net profit margin of Times Universal Group Holdings Ltd is about −1.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Times Universal Group Holdings Ltd pay a dividend?
Times Universal Group Holdings Ltd currently shows a dividend yield of about 3.86% relative to its recent price (as of Aug 26, 2026).
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