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Tailam Tech Construction Holdings (6193) Fair Value & Analysis

Basic Materials · HK · Market cap HK$138M

TT Tailam Tech Construction Holdings 6193 · HK
PriceHK$0.3950
Fair ValueHK$0.3544
Upside-10.3%
Quality60/100
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Weak Growth
Thin margins · 2.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 20/100
Evidence: Medium Range HK$0.2658 – HK$0.4050 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.2800 to HK$0.3544 (+26.6%) since Aug 6, 2026. Share price +6.8% over the past month.

A solid business, but screening 10% overvalued on our models.

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What matters now

  • Our model range runs from HK$0.2658 (bear) to HK$0.4050 (bull), base HK$0.3544. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 60/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

HK$0.9656 HK$0.1640 Fair Value HK$0.3544 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.1640 – HK$0.9656 · fair‑value band HK$0.2658 – HK$0.4050 · the HK$0.3950 price screens above the HK$0.3544 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tailam Tech Construction Holdings (6193) currently trades at HK$0.3950, while our model-based Fair Value estimate is HK$0.3544, implying the stock looks roughly 10.3% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials 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, Tailam Tech Construction Holdings generated revenue of HK$244M at a net margin of 2.4%. Revenue grew 0.3% year over year. It earns a return on equity of 2.9%. Net debt stands at HK$8.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2658 (bear case) to HK$0.4050 (bull case); at HK$0.3950, the current price sits within 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 24% below its 52-week high and 152% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -10%, 6193 screens cheaper 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
Residual Income HK$0.3300 HK$0.3000 HK$0.2200 76
ROIC Compounder HK$0.2500 HK$0.2600 HK$0.2800 72
Growth-Adj P/E HK$0.1300 HK$0.1900 HK$0.2400 68
All 13 models by family
DCF Models
Owner Earnings HK$0.3800 HK$0.4400 HK$0.5400 31
Earnings-Based
Graham-Dodd HK$0.1000 HK$0.1200 HK$0.1300 54
EPV HK$0.2500 HK$0.2600 HK$0.2800 59
Multiples
P/E Multiple HK$0.1800 HK$0.2400 HK$0.3100 63
P/S Multiple HK$0.1800 HK$0.2400 HK$0.3100 58
P/B Multiple HK$0.1800 HK$0.2400 HK$0.3100 55
EV/EBIT HK$0.3500 HK$0.4300 HK$0.5000 53
EV/EBITDA HK$0.5100 HK$0.6400 HK$0.7700 54
EV/Revenue HK$0.3200 HK$0.4100 HK$0.4900 43
Asset-Based
NCAV (Graham) HK$0.2500 HK$0.3400 HK$0.5100 50
Economic Profit
Residual Income HK$0.3300 HK$0.3000 HK$0.2200 76
ROIC Compounder HK$0.2500 HK$0.2600 HK$0.2800 72
Growth Earnings
Growth-Adj P/E HK$0.1300 HK$0.1900 HK$0.2400 68

Widest divergence: DCF Models (HK$0.4400) versus Earnings-Based (HK$0.1200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$244M
Revenue growth (YoY) +0.3%
Net margin 2.4%
Return on equity 2.9%
Free cash flow −HK$18.7M FY2025
P/E ratio 34.5 as of Jul 2, 2026
More key figures
Operating margin 0.9%
EPS (TTM) HK$0.0200
EPS growth (YoY) -12.3%
Net debt HK$8.2M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 56 · Market factors (momentum, volatility) 75

Profitability 29
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 83
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.

About the company

Tailam Tech Construction Holdings Limited, an investment holding company, engages in the manufacture and sale of pre-stressed high-strength concrete piles, commercial concrete, and ceramsite concrete blocks in the People's Republic of China. The company sells its products primarily to property developers and construction companies.

Full company description

Tailam Tech Construction Holdings Limited, an investment holding company, engages in the manufacture and sale of pre-stressed high-strength concrete piles, commercial concrete, and ceramsite concrete blocks in the People's Republic of China. The company sells its products primarily to property developers and construction companies. Its products are used in construction of commercial, residential, and large industrial projects, as well as bridges, railways, highways, ports, and public works. The company is also involved in holding of property; trading of commercial concrete; and provision of investment and management services. Tailam Tech Construction Holdings Limited was founded in 2011 and is based in Causeway Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tailam Tech Construction Holdings reported revenue of HK$244M in FY2025 versus HK$488M in FY2021, a compound −15.9%/yr. Reported net income was HK$5.7M in FY2025, compounding +35.3%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$244M
Latest YoY
+31.7%
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.
−9.2%
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.
−10.8%
Avg. growth/yr (9Y) 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.
+10.2%
Revenue −15.9%/yr
FY21 HK$488M
FY22 HK$326M
FY23 HK$245M
FY24 HK$185M
FY25 HK$244M
Net income +35.3%/yr
FY21 HK$1.7M
FY22 HK$9.0M
FY23 −HK$17.6M
FY24 −HK$11.0M
FY25 HK$5.7M

6193 screens 10% overvalued. Compare with UltraTech Cement Limited →

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Cite: Fair Value Calculator (2026). "Tailam Tech Construction Holdings Fair Value". https://www.fairvalue-calculator.com/stock/6193

Peer Group

Building Materials · 258 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 60 · Top 25%
Fair Value upside −10% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 0% · Above median
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 34.5× · Pricier than 75% of peers
P/B 0.68× · Cheaper than median
P/S (TTM) 0.57× · Cheaper than median
EV/EBITDA 4.4× · Cheaper than median

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 20 · sector 21
FUTURE 2 · sector 2
PAST 12 · sector 15
HEALTH 99 · sector 93
DIVIDEND 0 · sector 52

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
UltraTech Cement Limited ULTRACEMCO ₹11,891 ₹4,718 -60%
China Jushi Co 600176 ¥43.31 ¥13.22 -69%
Grasim Industries Limited GRASIM ₹3,308 ₹1,245 -62%
CEMEX, S.A. CEMEXCPO 21.71 MXN 12.27 MXN -43%
Anhui Conch Cement Company 600585 ¥17.49 ¥26.14 +49%
Ambuja Cements Limited AMBUJACEM ₹421.00 ₹216.73 -49%
Shree Cement Limited SHREECEM ₹25,570 ₹8,215 -68%
TCC Group 1101B 43.15 TWD 9.76 TWD -77%
Taiwan Glass Ind. Corp 1802 57.60 TWD 13.98 TWD -76%
J.K. Cement Limited JKCEMENT ₹5,349 ₹2,184 -59%

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Frequently asked questions

Is Tailam Tech Construction Holdings (6193) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.3544 versus a price of HK$0.3950, about −10% (overvalued).
What is the fair value of 6193?
Our model-based fair value for Tailam Tech Construction Holdings is HK$0.3544 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3950.
What is the quality score of 6193?
Tailam Tech Construction Holdings has a Quality Score of 60/100. 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 Tailam Tech Construction Holdings (6193)?
Tailam Tech Construction Holdings reported trailing-twelve-month revenue of about HK$244M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6193?
The net profit margin of Tailam Tech Construction Holdings is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. 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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