Tianfeng Securities Co Ltd (601162) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Tianfeng Securities Co Ltd stock ¥1.68, price ¥3.22, that is 47.7% below the price, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 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. As of Nov 11, 2026.
How to read this chart
60‑month range ¥2.13 – ¥6.40 · fair‑value band ¥1.37 – ¥2.10 · the ¥3.22 price screens above the ¥1.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Tianfeng Securities Co., Ltd. provides financial securities services in China.
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The company offers industry/listed company research, custom research consulting, and research findings presentation; equity and bond financing; investment consulting, financial product distribution, and margin trading; collective, targeted, and specialized asset management; and investment banks and security brokerage.
It also provides equity propriety trading, bond trading, and RMB interest rate swap; PE/VC, and government-guided and venture capital funds; pre-IPO/direct equity investment/equity funds, and STAR market/growth enterprise market; and future brokerage, future asset management, and risk management.
In addition, the company offers securities brokerage; securities investment consulting; financial advisory services related to securities trading and securities investment activities; agency sales of securities investment funds; securities underwriting and sponsorship; proprietary securities trading; margin trading; agency sales of financial products; and intermediary introduction services for futures companies.
The company was formerly known as Sichuan Tianfeng Securities Brokerage Company Limited and changed its name to Tianfeng Securities Co., Ltd. in 2012. Tianfeng Securities Co., Ltd. was founded in 2000 and is based in Wuhan, China.
Stock analysis
Tianfeng Securities Co Ltd (601162) currently trades at ¥3.22, while our model-based Fair Value estimate is ¥1.68, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of ¥3.12 per share, and 2 of the 6 models we run sit above the ¥3.22 price.
Bear case: the Economic Profit group reads lowest at ¥1.69, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.37 (bear) to ¥2.10 (bull), the price of ¥3.22 sits above 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 50/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Tianfeng Securities Co Ltd reported revenue of 2.8B CNY in FY2025 versus 6.8B CNY in FY2021, a compound −20.0%/yr. Reported net income was 156M CNY in FY2025, compounding −28.2%/yr from FY2021.
Key figures
Market cap 32.4B CNY (≈ $4.9B) Mid · P/E ratio 80.5 · P/S ratio 10.2 · EPS (TTM) ¥0.0400 · Dividend yield 5.6% · Net margin 10.3% · Return on equity 1.1% · Return on assets (EBIT) 0.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 5% fair-value upside, at −48%, 601162 screens richer than that median.
Fair Value models
Bear¥1.37Fair Value ¥1.68Bull¥2.10
Price ¥3.22 · Downside -47.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0346 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.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.
Best data coverage
Residual Income¥1.61¥1.69¥1.8276
DDM Multi-Stage¥1.67¥2.89¥3.5467
Gordon GGM¥1.67¥3.35¥5.1066
All 6 models by family
Dividend Discount
Gordon GGM¥1.67¥3.35¥5.1066
DDM Multi-Stage¥1.67¥2.89¥3.5467
Multiples
P/E Multiple¥0.1500¥0.2000¥0.250063
P/B Multiple¥2.82¥3.75¥4.6955
Asset-Based
NCAV (Graham)¥1.34¥1.80¥2.6854
Economic Profit
Residual Income¥1.61¥1.69¥1.8276
The fair value above starts from this blend and is adjusted for dilution from new shares.
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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−47.8%
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.
−15.0%
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.
−13.8%
Start year 2020 (pandemic). Over 10 years: −1.4% a year
Revenue growth 20 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.
+30.5%
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What shareholders gained per year (last 5 years) ⓘ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.
−20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.1%
Dividend (yield on the price)5.6%
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.−26.1% vs −19.0%, slowing
Profit margin 2019 to 2024 ⓘ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.9% → 0%
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).
−17.0%
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 (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −18.3% a year for the price.
Compare Tianfeng Securities Co 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.Capital Markets · 454 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−47.7% · Bottom 25%
Profitability
Return on equity (12 months)1.1% · Below median
Return on assets0.2% · Bottom 25%
Net margin (12 months)10.3% · Below median
Operating margin (12 months)31.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)103.6% · Top 25%
Dividend yield (12 months)5.6% · Top 25%
Balance sheet
Debt / equity0.48× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (12 months)80.5× · Priciest 25%
P/B1.18× · Pricier than median
P/S (12 months)10.19× · Priciest 25%
Price / free cash flow (fiscal year)10.0× · Cheaper than median
EV/EBITDA64.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 31
FUTURE (revenue growth)100· sector 56
PAST (return on equity)4· sector 31
HEALTH (low debt)76· sector 94
DIVIDEND (yield)100· sector 45
VALUE 0: the price sits above our fair-value range.
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). "Tianfeng Securities Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601162
Frequently asked questions
Is Tianfeng Securities Co Ltd (601162) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ¥1.68 versus a price of ¥3.22, about 48% lower (overvalued).
What is the fair value of 601162?
Our model-based fair value for Tianfeng Securities Co Ltd is ¥1.68 (as of Nov 11, 2026), built from audited fundamentals. The current price: ¥3.22.
What is the quality score of 601162?
Tianfeng Securities Co Ltd has a Quality Score of 50/100. 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 Tianfeng Securities Co Ltd (601162)?
Our model-based price target is the fair value of ¥1.68 (as of Nov 11, 2026) from 6 valuation models. Cautious scenario ¥1.37, optimistic scenario ¥2.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Tianfeng Securities Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.68, about 48% lower versus a price of ¥3.22 (overvalued). Cautious scenario ¥1.37, optimistic scenario ¥2.10. The calculation is refreshed regularly with new filings.
What is the revenue of Tianfeng Securities Co Ltd (601162)?
Tianfeng Securities Co Ltd reported trailing-twelve-month revenue of about 3.2B CNY (latest available figure, as of Nov 11, 2026).
Does Tianfeng Securities Co Ltd pay a dividend?
Tianfeng Securities Co Ltd currently shows a dividend yield of 5.56% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Tianfeng Securities Co Ltd (601162)?
Tianfeng Securities Co Ltd has a dividend yield of 5.6%.
What growth is priced into Tianfeng Securities Co Ltd (601162)?
For today's price to be fair in a discounted-cash-flow model, Tianfeng Securities Co Ltd would have to grow free cash flow by -17.0 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -13.8 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of 601162 use?
Our models discount Tianfeng Securities Co Ltd at 9.4 %: a base by market capitalisation (mid), damped by beta 0.63, country premium for China. 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 Tianfeng Securities Co Ltd that is -17.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Tianfeng Securities Co Ltd (601162) delivered so far?
Over the past 5 years revenue at Tianfeng Securities Co Ltd grew -13.8 % a year. The price currently implies free-cash-flow growth of -17.0 % per 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 Tianfeng Securities Co Ltd (601162) growing?
The median revenue growth in the sector is +8.9 % a year. That is the yardstick for the growth priced into Tianfeng Securities Co Ltd (-17.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tianfeng Securities Co Ltd (601162)?
The free-cash-flow yield on the price is 9.99 %: that much free cash flow Tianfeng Securities Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tianfeng Securities Co Ltd (601162)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tianfeng Securities Co Ltd it is ¥1.68 per share (as of Nov 11, 2026), against a price of ¥3.22. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Tianfeng Securities Co Ltd stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 601162 trades above its calculated fair value: price ¥3.22, fair value ¥1.68, a gap of about −48% (overvalued). 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 601162?
No. The price is what the market pays today (¥3.22); the fair value is what the company's own numbers justify (¥1.68). For Tianfeng Securities Co Ltd the two are ¥1.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tianfeng Securities Co Ltd worth?
The market values Tianfeng Securities Co Ltd at about 32.4B CNY (market capitalisation, as of Nov 11, 2026). Per share that is ¥3.22; our models calculate a fair value of ¥1.68 per share.
What do the bullish and bearish scenarios say about 601162?
Our models span a range for Tianfeng Securities Co Ltd: cautious scenario ¥1.37, base ¥1.68, optimistic ¥2.10 per share (as of Nov 11, 2026, price ¥3.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601162?
Tianfeng Securities Co Ltd trades at a price-to-earnings ratio of 80.5 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥1.68 is built from several models across several years. Other multiples: P/B 1.2, P/S 10.2, EV/EBITDA 64.2.
How solid is the balance sheet of Tianfeng Securities Co Ltd (601162)?
Balance-sheet figures for Tianfeng Securities Co Ltd (as of Nov 11, 2026): return on equity 1.1%, debt of 0.48 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 601162 from its 52-week high?
Tianfeng Securities Co Ltd trades at ¥3.22, about 37% below its 52-week high of ¥5.12 and 5% above the low of ¥3.06 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.68 is for.
Which stocks are comparable to Tianfeng Securities Co Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Tianfeng Securities Co Ltd stock attractive at the current price?
The data as of Nov 11, 2026: price ¥3.22, calculated fair value ¥1.68 (−48%), Quality Score 50/100, from 6 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 601162 calculated?
We run Tianfeng Securities Co Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥1.68 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. Tianfeng Securities Co Ltd itself currently trades above fair value. 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 Tianfeng Securities Co Ltd (601162)?
The closing price on Nov 11, 2026 was ¥3.22. Our model-based fair value is ¥1.68, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tianfeng Securities Co Ltd right now?
The price sits above even our optimistic bull case (¥2.10). 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 (50/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Tianfeng Securities Co Ltd
How large is the market capitalisation of Tianfeng Securities Co Ltd (601162)?
The market capitalisation of Tianfeng Securities Co Ltd is 32.4B CNY (≈ $4.9B). 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 Tianfeng Securities Co Ltd (601162)?
The price-to-sales ratio of Tianfeng Securities Co Ltd is 10.2 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tianfeng Securities Co Ltd (601162)?
Earnings per share at Tianfeng Securities Co Ltd are ¥0.0400 (price ÷ EPS = P/E 80.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tianfeng Securities Co Ltd (601162)?
The dividend yield of Tianfeng Securities Co Ltd is 5.6%. 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 Tianfeng Securities Co Ltd (601162)?
The net margin of Tianfeng Securities Co Ltd is 10.3% (last twelve months). 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 Tianfeng Securities Co Ltd (601162)?
The return on equity (ROE) of Tianfeng Securities Co Ltd is 1.1% (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 Tianfeng Securities Co Ltd (601162)?
On an EBIT basis the return on assets of Tianfeng Securities Co Ltd is 0.0% (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 Tianfeng Securities Co Ltd (601162)?
The operating margin of Tianfeng Securities Co Ltd is 31.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tianfeng Securities Co Ltd (601162)?
Revenue at Tianfeng Securities Co Ltd is growing +104% versus a year earlier (3y avg −15.0%). 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 Tianfeng Securities Co Ltd (601162)?
Earnings per share at Tianfeng Securities Co Ltd are growing +27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tianfeng Securities Co Ltd (601162) carry?
The net debt of Tianfeng Securities Co Ltd is 10.3B CNY (fiscal year 2025, ≈ 3.2 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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Thin data
Nov 11, 2026