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Tianjin Hi-Tech Development Co (600082) Fair Value & Analysis

Industrials · CN · Market cap 1.9B CNY

TH Tianjin Hi-Tech Development Co 600082 · SHG
Price¥2.85
Fair Value¥0.4200
Upside-85.3%
Quality61/100
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Mixed Growth
Loss-making · -16.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 18/100
Evidence: Medium Range ¥0.3900 – ¥0.4700 Share as image

Fair value as of: Aug 6, 2026

From 4 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from ¥0.4500 to ¥0.4200 (−6.7%) since Jul 25, 2026. Share price +2.2% over the past month.

A solid business, but screening 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.4700). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥6.33 ¥1.83 Fair Value ¥0.4200 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range ¥1.83 – ¥6.33 · fair‑value band ¥0.3900 – ¥0.4700 · the ¥2.85 price screens above the ¥0.4200 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Tianjin Hi-Tech Development Co (600082) currently trades at ¥2.85, while our model-based Fair Value estimate is ¥0.4200, implying the stock looks roughly 85.3% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Tianjin Hi-Tech Development Co generated revenue of 451M CNY at a net margin of -16.2%. Revenue grew 20.2% year over year. It earns a return on equity of -4.2%. Net debt stands at 204M CNY. Fundamentals as of Aug 6, 2026

Our scenario range runs from ¥0.3900 (bear case) to ¥0.4700 (bull case); at ¥2.85, 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -85%, 600082 screens richer 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
Growth DCF ¥10.58 ¥13.30 ¥17.65 80
Gordon GGM ¥0.3900 ¥0.4200 ¥0.4700 70
DDM Multi-Stage ¥0.3900 ¥0.4700 ¥0.5800 61
All 4 models by family
Dividend Discount
Gordon GGM ¥0.3900 ¥0.4200 ¥0.4700 70
DDM Multi-Stage ¥0.3900 ¥0.4700 ¥0.5800 61
Asset-Based
NCAV (Graham) ¥1.32 ¥1.77 ¥2.64 50
Growth DCF
Growth DCF ¥10.58 ¥13.30 ¥17.65 80

Widest divergence: Growth DCF (¥13.30) versus Dividend Discount (¥0.4200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 451M CNY
Revenue growth (YoY) +20.2%
Net margin -16.2%
Return on equity -4.2%
Free cash flow 777M CNY FY2025
Operating margin -46.4%
More key figures
EPS (TTM) ¥-0.1100
EPS growth (YoY) +5.2%
Net debt 204M CNY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 22

Profitability 4
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 83
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

Tianjin Hi-Tech Development Co., Ltd. engages in the industrial real estate development and operation in China. The company is involved in the technology park development; science park operations; commodity sales; and industrial investment, incubation services, trade, and other businesses.

Full company description

Tianjin Hi-Tech Development Co., Ltd. engages in the industrial real estate development and operation in China. The company is involved in the technology park development; science park operations; commodity sales; and industrial investment, incubation services, trade, and other businesses. It also engages in provision of consulting services; property management; and planning, building, managing, and operating various parks, including park planning and design, infrastructure construction, public service facilities construction, investment attraction, corporate services, etc. Tianjin Hi-Tech Development Co., Ltd. was founded in 1992 and is headquartered in Tianjin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianjin Hi-Tech Development Co reported revenue of ¥449M in FY2025 versus ¥912M in FY2021, a compound −16.2%/yr. Reported net income was −¥73.0M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
449M CNY
Latest YoY
+33.1%
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.
−3.1%
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.
−0.4%
Avg. growth/yr (31Y) 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.
−1.0%
Revenue −16.2%/yr
FY21 ¥912M
FY22 ¥493M
FY23 ¥461M
FY24 ¥338M
FY25 ¥449M
Net income
FY21 ¥10.1M
FY22 ¥10.2M
FY23 ¥12.7M
FY24 ¥9.6M
FY25 −¥73.0M
Character of growth · EPS growth decomposed (2013-2024) −13.0 % p.a.
Revenue per share −7.4 pp

of which total revenue −7.4 pp · buybacks/dilution +0.0 pp

EBIT margin −0.3 pp
Tax rate −3.8 pp
Residual (interest, one-offs) −1.5 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).

600082 screens 85% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Tianjin Hi-Tech Development Co Fair Value". https://www.fairvalue-calculator.com/stock/600082

Peer Group

Conglomerates · 369 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 61 · Top 25%
Fair Value upside −85% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) -46% · Bottom 25%
Revenue growth 20% · Top 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.62× · Pricier than median
P/FCF 0.4× · Cheaper than median
EV/EBITDA 0.5× · Cheaper than 75% of peers

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 0 · sector 20
FUTURE 100 · sector 16
PAST 0 · sector 20
HEALTH 99 · sector 88
DIVIDEND 0 · sector 39

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

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
CITIC Limited 0267 HK$11.28 HK$22.56 +100%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
PT Astra International Tbk, ASII 4,810 IDR 9,620 IDR +100%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%
Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Tianjin Hi-Tech Development Co (600082) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ¥0.4200 versus a price of ¥2.85, about −85% (overvalued).
What is the fair value of 600082?
Our model-based fair value for Tianjin Hi-Tech Development Co is ¥0.4200 (as of Aug 6, 2026), built from audited fundamentals. The current price is ¥2.85.
What is the quality score of 600082?
Tianjin Hi-Tech Development Co has a Quality Score of 61/100. 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 Tianjin Hi-Tech Development Co (600082)?
Tianjin Hi-Tech Development Co reported trailing-twelve-month revenue of about 451M CNY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 600082?
The net profit margin of Tianjin Hi-Tech Development Co is about -16.2%, meaning it is currently running at a net loss. 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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