Texhong Textile Group Ltd (2678) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Texhong Textile Group Ltd HK$16.47, price HK$5.49, upside +200.0%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$3.20 – HK$10.37 · fair‑value band HK$12.35 – HK$20.58 · the HK$5.49 price screens below the HK$16.47 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Texhong International Group Limited, an investment holding company, primarily manufactures and sells yarns, grey fabrics, and non-woven and garment fabrics. It provides dyed clothes and dresses, cotton and cotton blend yarns, greige, dyed and finished woven fabrics, threads, textile knitting products, special textile for decoration products, and garments.
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Texhong International Group Limited, an investment holding company, primarily manufactures and sells yarns, grey fabrics, and non-woven and garment fabrics. It provides dyed clothes and dresses, cotton and cotton blend yarns, greige, dyed and finished woven fabrics, threads, textile knitting products, special textile for decoration products, and garments. The company also processes cotton; sells denim fabric and apparel, woven garment fabrics; and trades in textile products. In addition, it transports cargo by land and sea; and provides other assistant services, cargo loading and unloading, storage, and management consulting services. It sells its products in the People's Republic of China, Vietnam, North America, Europe, Brazil, Turkey, Bangladesh, Japan, South Korea, and internationally. The company was formerly known as Texhong Textile Group Limited. Texhong International Group Limited was founded in 1997 and is headquartered in Tsuen Wan, Hong Kong.
Stock analysis
Texhong Textile Group Ltd (2678) currently trades at HK$5.49, while our model-based Fair Value estimate is HK$16.47, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$45.93 per share, and 24 of the 26 models we run sit above the HK$5.49 price.
Bear case: the Asset-Based group reads lowest at HK$8.74, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$12.35 (bear) to HK$20.58 (bull), the price of HK$5.49 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 64/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Texhong Textile Group Ltd reported revenue of 22.7B CNY in FY2025 versus 26.5B CNY in FY2021, a compound −3.8%/yr. Reported net income was 913M CNY in FY2025, compounding −23.6%/yr from FY2021.
Key figures
Market cap HK$5.6B (≈ $709M) · P/E ratio 4.7 · P/S ratio 0.19 · EPS (TTM) HK$1.16 · Dividend yield 1.5% · Net margin 4.0% · Return on equity 9.5% · Return on assets (EBIT) 6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −11% fair-value upside, at 200%, 2678 screens cheaper than that median.
Fair Value models
Bear HK$12.35Fair Value HK$16.47Bull HK$20.58
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.3453 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.4%
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.
−1.5%
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.
+3.0%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 22 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.
+15.1%
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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.
+8.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.7%
Dividend (yield on the price)1.5%
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.0.6% vs 4.1%, 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.4% → 6%
2025 sits 157% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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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.Textile Manufacturing · 334 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)9.5% · Top 25%
Return on assets4.8% · Top 25%
Net margin (TTM)4.0% · Above median
Operating margin (TTM)6.7% · Above median
Growth and dividend
Revenue growth−0.9% · Below median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Textile Manufacturing 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). "Texhong Textile Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2678
Frequently asked questions
Is Texhong Textile Group Ltd (2678) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$16.47 versus a price of HK$5.49, about +200% upside (undervalued).
What is the fair value of 2678?
Our model-based fair value for Texhong Textile Group Ltd is HK$16.47 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$5.49.
What is the quality score of 2678?
Texhong Textile Group Ltd has a Quality Score of 64/100. 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 Texhong Textile Group Ltd (2678)?
Our model-based price target is the fair value of HK$16.47 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario HK$12.35, optimistic scenario HK$20.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Texhong Textile Group Ltd stock forecast for 2026?
Our models put fair value at HK$16.47, about +200% upside versus a price of HK$5.49 (undervalued). Cautious scenario HK$12.35, optimistic scenario HK$20.58. The calculation is refreshed regularly with new filings.
What is the revenue of Texhong Textile Group Ltd (2678)?
Texhong Textile Group Ltd reported trailing-twelve-month revenue of about 22.7B CNY (latest available figure, as of Sep 24, 2026).
Does Texhong Textile Group Ltd pay a dividend?
Texhong Textile Group Ltd currently shows a dividend yield of about 1.50% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Texhong Textile Group Ltd (2678)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Texhong Textile Group Ltd it is HK$16.47 per share (as of Sep 24, 2026), against a price of HK$5.49. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Texhong Textile Group Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2678 trades below its calculated fair value: price HK$5.49, fair value HK$16.47, a gap of about +200% (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 2678?
No. The price is what the market pays today (HK$5.49); the fair value is what the company's own numbers justify (HK$16.47). For Texhong Textile Group Ltd the two are HK$10.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Texhong Textile Group Ltd worth?
The market values Texhong Textile Group Ltd at about HK$5.6B (market capitalisation, as of Sep 24, 2026). Per share that is HK$5.49; our models calculate a fair value of HK$16.47 per share.
What do the bullish and bearish scenarios say about 2678?
Our models span a range for Texhong Textile Group Ltd: cautious scenario HK$12.35, base HK$16.47, optimistic HK$20.58 per share (as of Sep 24, 2026, price HK$5.49). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2678?
Texhong Textile Group Ltd trades at a price-to-earnings ratio of 4.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$16.47 is built from several models across several years. Other multiples: PEG 8.3, P/B 0.5, P/S 0.2, EV/EBITDA 1.9.
What is the PEG ratio of 2678?
The PEG ratio of Texhong Textile Group Ltd is 8.29 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Texhong Textile Group Ltd (2678)?
Balance-sheet figures for Texhong Textile Group Ltd (as of Sep 24, 2026): return on equity 9.5%, debt of 0.24 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 2678 from its 52-week high?
Texhong Textile Group Ltd trades at HK$5.49, about 28% below its 52-week high of HK$7.59 and 23% above the low of HK$4.47 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$16.47 is for.
Which stocks are comparable to Texhong Textile Group Ltd?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, 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 Texhong Textile Group Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price HK$5.49, calculated fair value HK$16.47 (+200%), Quality Score 64/100, from 26 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 2678 calculated?
We run Texhong Textile Group Ltd through 26 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$16.47, 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 14.7 % above its aggregate fair value. Texhong Textile Group Ltd currently trades 67 % 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 Texhong Textile Group Ltd (2678)?
The closing price on Sep 30, 2026 was HK$5.49. Our model-based fair value is HK$16.47, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Texhong Textile Group Ltd right now?
The price is below even our cautious bear case (HK$12.35). 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. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Texhong Textile Group Ltd (2678) come from?
Earnings per share at Texhong Textile Group Ltd grew +0.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.1 %, EBIT margin −6.6 %, tax rate −0.5 %, residual (interest, one-offs) +0.7 %. 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 Texhong Textile Group Ltd
How large is the market capitalisation of Texhong Textile Group Ltd (2678)?
The market capitalisation of Texhong Textile Group Ltd is HK$5.6B (≈ $709M). 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 Texhong Textile Group Ltd (2678)?
The price-to-sales ratio of Texhong Textile Group Ltd is 0.19 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Texhong Textile Group Ltd (2678)?
Earnings per share at Texhong Textile Group Ltd are HK$1.16 (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Texhong Textile Group Ltd (2678)?
The dividend yield of Texhong Textile Group Ltd is 1.5% (payout 7.1%). 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 Texhong Textile Group Ltd (2678)?
The net margin of Texhong Textile Group Ltd is 4.0% (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 Texhong Textile Group Ltd (2678)?
The return on equity (ROE) of Texhong Textile Group Ltd is 9.5% (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 Texhong Textile Group Ltd (2678)?
On an EBIT basis the return on assets of Texhong Textile Group Ltd is 6.1% (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 Texhong Textile Group Ltd (2678)?
The operating margin of Texhong Textile Group Ltd is 6.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Texhong Textile Group Ltd (2678)?
Revenue at Texhong Textile Group Ltd is growing −0.9% versus a year earlier (3y avg −1.5%). 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 Texhong Textile Group Ltd (2678)?
Earnings per share at Texhong Textile Group Ltd are growing +71.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Texhong Textile Group Ltd (2678) generate?
The free cash flow of Texhong Textile Group Ltd is 3.1B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Texhong Textile Group Ltd (2678) carry?
The net debt of Texhong Textile Group Ltd is 3.0B CNY (fiscal year 2025, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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