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Tai Ping Carpets International
(0146)
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Rating:74Outperform
Price Target:
HK$2.00
▲(5.82% Upside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by solid financial fundamentals (healthy margins and low leverage) and very attractive valuation (low P/E and high dividend yield). Offsetting these positives are weaker recent cash-flow momentum (notably the sharp 2026 free-cash-flow decline) and a largely neutral technical picture.
Positive Factors
Steady Revenue Growth
Steady revenue expansion indicates continued demand for the company’s premium carpet and project-based offerings. Although growth is moderate, several years of increases support a durable operating base and provide scope for the business to compound earnings through sustained customer activity.
Negative Factors
Free Cash Flow Decline
The sharp annual decline in free cash flow weakens the recent quality and momentum of cash generation, even though cash flow remained positive. If sustained, higher reinvestment needs or working-capital pressure could constrain internally funded growth and capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Steady revenue expansion indicates continued demand for the company’s premium carpet and project-based offerings. Although growth is moderate, several years of increases support a durable operating base and provide scope for the business to compound earnings through sustained customer activity.
Read all positive factors
Tai Ping Carpets International (0146) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$350.11M
Dividend Yield7.27%
Average Volume (3M)5.93K
Price to Earnings (P/E)7.4
Beta (1Y)0.33
Revenue Growth5.66%
EPS Growth6.25%
CountryHK
Employees751
SectorConsumer Cyclical
Sector Strength84
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)0.22
Shares Outstanding212,187,480
10 Day Avg. Volume4,900
30 Day Avg. Volume5,933
Financial Highlights & Ratios
PEG Ratio1.49
Price to Book (P/B)0.64
Price to Sales (P/S)0.48
P/FCF Ratio7.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tai Ping Carpets International Business Overview & Revenue Model
Company Description
Tai Ping Carpets International Limited is engaged in the design, manufacturing, and worldwide distribution of floor coverings, serving markets across Asia, Europe, the Middle East, the United States, and Africa. The company's operations also inclu...
Tai Ping Carpets International Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 696.09M | 658.81M | 640.22M | 600.60M | 583.66M |
| Gross Profit | 430.53M | 401.65M | 395.01M | 359.91M | 330.82M |
| EBITDA | 97.32M | 94.33M | 98.42M | 93.27M | 82.58M |
| Net Income | 46.52M | 43.78M | 42.11M | 38.42M | 25.27M |
Balance Sheet | |||||
| Total Assets | 897.36M | 874.29M | 832.57M | 792.87M | 788.01M |
| Cash, Cash Equivalents and Short-Term Investments | 280.10M | 300.01M | 263.32M | 217.66M | 195.96M |
| Total Debt | 112.64M | 138.89M | 114.26M | 124.12M | 107.22M |
| Total Liabilities | 383.62M | 394.65M | 377.63M | 364.27M | 358.88M |
| Stockholders Equity | 513.74M | 479.64M | 454.94M | 428.59M | 429.13M |
Cash Flow | |||||
| Free Cash Flow | 45.59M | 89.91M | 93.48M | 55.31M | 71.94M |
| Operating Cash Flow | 75.86M | 104.44M | 109.16M | 68.76M | 85.48M |
| Investing Cash Flow | -128.47M | 108.08M | -141.55M | 26.30M | -42.40M |
| Financing Cash Flow | -64.07M | -58.86M | -49.82M | -42.03M | -51.17M |
Tai Ping Carpets International Technical Analysis
Neutral
1.89
Price Trends
1.57
Positive
1.54
Positive
1.64
Negative
Market Momentum
<0.01
Positive
46.71
Neutral
36.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0146, the sentiment is Neutral. The current price of 1.89 is above the 20-day moving average (MA) of 1.62, above the 50-day MA of 1.57, and above the 200-day MA of 1.64, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.71 is Neutral, neither overbought nor oversold. The STOCH value of 36.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0146.
Tai Ping Carpets International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$114.49M | 3.13 | 9.06% | 8.00% | 3.64% | 1.05% | |
74 Outperform | HK$350.11M | 7.41 | 9.40% | 7.27% | 5.66% | 6.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$194.91M | -72.94 | -1.19% | 31.23% | 1.30% | -212.50% | |
54 Neutral | HK$355.67M | 21.26 | 2.16% | 5.28% | -11.28% | ― | |
48 Neutral | HK$1.08B | 13.17 | 2.83% | 8.92% | -0.86% | -50.37% | |
48 Neutral | HK$125.44M | -4.14 | -14.80% | 4.32% | 2.44% | -7.26% |
* Consumer Cyclical Sector Average
HK:0146
Tai Ping Carpets International
1.65
-0.05
-2.94%
HK:1382
Pacific Textiles Holdings
0.79
-0.57
-42.02%
HK:1682
Hang Pin Living Technology Company Limited
0.12
-0.01
-10.14%
HK:1968
Hingtex Holdings Ltd.
0.20
0.07
58.06%
HK:3778
China Weaving Materials Holdings Ltd.
2.84
-0.16
-5.33%
HK:8480
Furniweb Holdings Limited
0.12
-0.04
-24.39%
Tai Ping Carpets International Corporate Events
Tai Ping Carpets Sets December AGM to Approve Governance and Board Changes
Oct 20, 2026
Tai Ping Carpets International has called its annual general meeting for 4 December 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 30 June 2026 and vote on a proposed final dividend. The agend...
Tai Ping Carpets Plans New Bye‑Laws to Embrace Paperless Regime
Oct 14, 2026
Tai Ping Carpets International has proposed comprehensive amendments to its existing bye‑laws, including the adoption of a new, amended and restated set to replace the current framework. The move aims to give the company flexibility to hold ...
Tai Ping Carpets Declares HKD 0.12 Final Dividend for FY2026
Sep 18, 2026
Tai Ping Carpets International Limited has announced a proposed final cash dividend of HKD 0.12 per share for the financial year ended 30 June 2026, reflecting the board’s decision to return capital to shareholders. The dividend is subject t...
Tai Ping Carpets lifts revenue and profit on stronger carpet sales
Sep 18, 2026
Tai Ping Carpets International reported a rise in annual revenue to HK$696.1 million for the year ended 30 June 2026, up from HK$658.8 million a year earlier, driven by improved sales performance across its carpet operations. Gross profit increase...
Tai Ping Carpets Schedules Board Meeting on 2026 Results and Potential Dividend
Sep 1, 2026
Tai Ping Carpets International Limited has scheduled a board meeting for 18 September 2026 to approve the final results of the company and its subsidiaries for the financial year ended 30 June 2026. The board will also consider the payment of a fi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.