Tai Ping Carpets International (0146) AI Stock Analysis

• Market Cap: HK$271.60M
• Dividend Yield: 9.38%
• Average Volume (3M): 34.97K
• Price to Earnings (P/E): 6.5
• Beta (1Y): >-0.01
• Revenue Growth: 0.05%
• EPS Growth: -26.73%
• Country: HK
• Employees: 746
• Sector: Consumer Cyclical
• Sector Strength: 73
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.20
• Shares Outstanding: 212,187,480
• 10 Day Avg. Volume: 82,500
• 30 Day Avg. Volume: 34,966
• PEG Ratio: -1.23
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Tai Ping Carpets International demonstrates strong financial performance with robust cash flow and prudent balance sheet management. The technical indicators show stability with no significant immediate risks, while the stock's valuation appears attractive due to a low P/E ratio and high dividend yield. These factors combined position the company for potential growth, earning it a solid overall stock score.

Tai Ping Carpets International Business Overview & Revenue Model

Company Description

Tai Ping Carpets International (0146) is a luxury carpet manufacturer and retailer, renowned for its bespoke, high-quality carpeting solutions primarily catering to the hospitality and high-end residential sectors. The company operates globally, offering a range of custom-designed carpets that combine artistic craftsmanship with innovative techniques, serving clients including luxury hotels, casinos, and private residences.

How the Company Makes Money

Tai Ping Carpets International generates revenue primarily through the design, manufacture, and sale of custom-made carpets. The company creates value by offering premium products tailored to the specific needs of its clients, which include luxury hotels, interior designers, and affluent homeowners. Revenue streams include direct sales of bespoke carpet products, collaborations with designers and architects, and contracts with large hospitality groups for outfitting their properties. The company's ability to maintain a high standard of craftsmanship and exclusivity in its products contributes significantly to its earnings.

Tai Ping Carpets International Financial Statement Overview

Summary

Tai Ping Carpets International exhibits solid financial health across all key areas. The income statement reflects positive growth and efficient operations, the balance sheet demonstrates sound financial management with low leverage, and the cash flow statement highlights strong cash generation capabilities. The company is well-positioned for sustained growth with a balanced financial structure.

Income Statement

The company demonstrated strong growth in revenue with a 6.59% increase from the previous year and an improving net profit margin of 6.58%. Gross profit margin is robust at 61.70%, signaling efficient cost management. Both EBIT and EBITDA margins are healthy, at 7.11% and 15.37% respectively, showing operational efficiency improvements. Overall, the income statement reflects a positive growth trajectory with stable profitability.

Balance Sheet

The company maintains a healthy equity position with an equity ratio of 54.63%, suggesting financial stability. The debt-to-equity ratio is low at 0.25, indicating prudent leverage usage. Return on equity is 9.26%, reflecting moderate profitability relative to shareholder investment. The balance sheet is stable with strong equity and manageable debt levels, though there is room for improvement in asset utilization.

Cash Flow

Cash flow generation is strong, with a significant 63.87% growth in free cash flow. The operating cash flow to net income ratio is 2.59, indicating robust cash generation from operations. The free cash flow to net income ratio of 2.15 showcases effective cash conversion. Overall, cash flows are healthy, supporting operational needs and potential growth opportunities.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
642.15M	640.22M	600.60M	583.66M	481.38M	492.27M
	Gross Profit
397.23M	395.01M	359.91M	330.82M	280.10M	221.35M
	EBIT
51.58M	45.56M	39.93M	28.14M	19.12M	-34.70M
	EBITDA
71.98M	96.57M	90.80M	81.07M	78.18M	36.75M
	Net Income Common Stockholders
41.54M	42.11M	38.42M	25.27M	16.63M	-24.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
233.42M	263.32M	217.66M	195.96M	178.17M	136.44M
	Total Assets
820.35M	832.57M	792.87M	788.01M	784.88M	777.21M
	Total Debt
137.19M	114.26M	124.12M	107.22M	129.37M	148.10M
	Net Debt
11.77M	-19.52M	-93.54M	-55.80M	-48.81M	12.06M
	Total Liabilities
374.96M	377.63M	364.27M	358.88M	360.09M	390.29M
	Stockholders Equity
445.39M	454.94M	428.59M	429.13M	424.78M	369.50M
Cash Flow		Free Cash Flow
68.02M	90.63M	55.31M	71.94M	82.36M	56.28M
	Operating Cash Flow
84.50M	109.16M	68.76M	85.48M	98.23M	74.74M
	Investing Cash Flow
-91.61M	-141.55M	26.30M	-42.40M	-14.20M	-9.50M
	Financing Cash Flow
-57.70M	-49.82M	-42.03M	-51.17M	-48.85M	-25.47M

Tai Ping Carpets International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0146, the sentiment is Positive. The current price of 1.28 is above the 20-day moving average (MA) of 1.18, above the 50-day MA of 1.20, and above the 200-day MA of 1.17, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 75.66 is Negative, neither overbought nor oversold. The STOCH value of 77.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0146.

Tai Ping Carpets International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0331	78 Outperform	HK$2.50B	5.22	49.10%	7.66%	3.11%	-2.34%
0146	75 Outperform	HK$271.60M	6.54	9.39%	9.38%	0.05%	-26.73%
2331	73 Outperform	$39.87B	12.17	11.92%	3.94%	1.85%	-6.19%
Sector *	61 Neutral	$7.00B	11.55	3.07%	3.89%	2.60%	-21.53%
1323	56 Neutral	HK$136.02M	―	-5.49%	―	-25.73%	-420.73%
0831	56 Neutral	HK$193.58M	8.08	3.69%	24.10%	-0.04%	-58.49%
1486	45 Neutral	HK$91.23M	―	-3.66%	―	-11.66%	53.18%

Tai Ping Carpets International Corporate Events

Tai Ping Carpets Sees Modest Revenue Growth Amid Strategic Expansion

Tai Ping Carpets International Limited reported a modest 1% increase in consolidated turnover for the six months ended December 31, 2024, with total revenue reaching HK$308 million. The company saw growth in Asia and the US markets, albeit offset by a decline in EMEA due to fewer non-recurring projects and challenging trading conditions. The company’s profit before tax increased significantly by 30% due to strategic decisions like subletting a New York showroom, despite a rise in income tax expenses. The company’s manufacturing operations are stable, with ongoing expansion and investment in facilities in the US and China, focusing on efficiency, sustainability, and enhancing production capabilities.