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Tiangong International Co. Ltd.
(0826)
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Rating:48Neutral
Price Target:
HK$2.50
â–¼(-17.76% Downside)
Action:Reiterated
Date:10/14/26
The score is held back primarily by weak cash-flow consistency (including negative free cash flow in 2025) and a bearish technical backdrop with the price below key moving averages and negative MACD. Moderate valuation (P/E ~14) and a modest dividend yield offer some support, but not enough to outweigh the financial and technical pressure.
Positive Factors
Revenue Growth
Reported revenue growth indicates that demand and commercial activity remained positive despite the company’s exposure to cyclical steel markets. If maintained, expanding sales can support operating leverage, strengthen customer reach, and provide a foundation for reinvestment across specialty steel and tooling products.
Negative Factors
Weak Cash Conversion
Cash generation is inconsistent, with 2025 operating cash flow below net income and free cash flow turning negative after a positive 2024. Persistent volatility can constrain self-funded growth, increase reliance on external financing, and make reported earnings less dependable for capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Reported revenue growth indicates that demand and commercial activity remained positive despite the company’s exposure to cyclical steel markets. If maintained, expanding sales can support operating leverage, strengthen customer reach, and provide a foundation for reinvestment across specialty steel and tooling products.
Read all positive factors
Tiangong International Co. Ltd. (0826) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.62B
Dividend Yield2.38%
Average Volume (3M)11.83M
Price to Earnings (P/E)13.3
Beta (1Y)0.54
Revenue Growth7.88%
EPS Growth16.03%
CountryHK
Employees3,601
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.16
Shares Outstanding2,725,000,000
10 Day Avg. Volume9,386,691
30 Day Avg. Volume11,834,701
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)1.01
Price to Sales (P/S)1.60
P/FCF Ratio-219.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.29Price Target Upside74.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)HK$5.63B
Tiangong International Co. Ltd. Business Overview & Revenue Model
Company Description
Tiangong International Company Limited focuses on the fabrication and supply of specialty metallic materials and tools. Its core product lines feature die steel (DS), high-speed steel (HSS), various cutting implements, and titanium alloys. The ent...
How the Company Makes Money
Tiangong International makes money primarily through (1) selling specialty steel products and (2) selling cutting tools/tooling products, with additional income potentially coming from downstream processing and trading tied to these core operation...
Tiangong International Co. Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.85B | 4.72B | 4.83B | 5.16B | 5.07B | 5.74B |
| Gross Profit | 1.12B | 951.89M | 983.54M | 1.14B | 1.15B | 1.41B |
| EBITDA | 1.01B | 864.92M | 828.73M | 1.05B | 836.36M | 1.15B |
| Net Income | 422.99M | 400.23M | 358.76M | 370.21M | 503.54M | 664.37M |
Balance Sheet | ||||||
| Total Assets | 14.25B | 13.80B | 13.29B | 13.56B | 13.36B | 12.56B |
| Cash, Cash Equivalents and Short-Term Investments | 2.05B | 1.80B | 1.74B | 2.06B | 2.56B | 3.11B |
| Total Debt | 4.42B | 4.33B | 3.28B | 2.90B | 2.90B | 2.64B |
| Total Liabilities | 6.15B | 5.83B | 5.83B | 6.18B | 6.22B | 5.67B |
| Stockholders Equity | 7.56B | 7.43B | 7.09B | 7.06B | 6.86B | 6.63B |
Cash Flow | ||||||
| Free Cash Flow | 140.92M | -34.28M | 212.47M | -244.03M | -192.75M | 88.83M |
| Operating Cash Flow | 547.21M | 294.44M | 501.76M | 55.13M | 303.55M | 542.30M |
| Investing Cash Flow | -404.15M | -309.50M | 450.41M | -223.41M | -271.29M | -810.92M |
| Financing Cash Flow | -97.55M | 4.89M | -622.01M | -304.42M | -186.41M | 799.56M |
Tiangong International Co. Ltd. Technical Analysis
Negative
3.04
Price Trends
2.90
Negative
3.11
Negative
3.31
Negative
Market Momentum
-0.13
Positive
34.75
Neutral
56.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0826, the sentiment is Negative. The current price of 3.04 is above the 20-day moving average (MA) of 2.67, above the 50-day MA of 2.90, and below the 200-day MA of 3.31, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 34.75 is Neutral, neither overbought nor oversold. The STOCH value of 56.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0826.
Tiangong International Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$616.00M | 5.56 | 7.76% | 7.57% | -35.49% | -32.38% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | HK$169.87M | 1.21 | 7.82% | 2.39% | -39.70% | -51.97% | |
48 Neutral | HK$6.62B | 13.28 | 5.64% | 2.38% | 7.88% | 16.03% | |
45 Neutral | HK$17.76B | -35.95 | -1.96% | 1.64% | 0.33% | 76.02% | |
44 Neutral | HK$12.61B | -3.67 | -18.85% | 6.49% | -6.57% | -6.67% | |
40 Underperform | HK$18.92B | -3.49 | -14.44% | 0.38% | -1.18% | -55.60% |
* Basic Materials Sector Average
HK:0826
Tiangong International Co. Ltd.
2.43
-0.51
-17.23%
HK:0347
Angang Steel Co
1.00
-1.09
-52.16%
HK:0323
Maanshan Iron & Steel Co
1.32
-1.32
-49.98%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.79
-0.58
-42.34%
HK:1553
Maike Tube Industry Holdings Limited
1.42
-0.03
-2.07%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.17
-0.15
-47.50%
Tiangong International Co. Ltd. Corporate Events
Tiangong International Addresses Share Price Volatility, Reaffirms Green Strategy
Oct 13, 2026
Tiangong International Company Limited has reported unusual movements in its share price and stated that, after making reasonable enquiries, its board is not aware of any specific reason, undisclosed information, or inside information that would e...
Tiangong International Secures Control of Zuoneng Precision to Enter PCB Drill Bit Market
Sep 15, 2026
Tiangong International has moved to expand into the drill bits for printed circuit board sector through its indirectly owned subsidiary, Jiangsu Tiangong Carbide Technology. On 15 September 2026, Tiangong Carbide agreed to acquire a significant st...
Tiangong International Names New Executive Director as Veteran Steps Down from Board
Sep 1, 2026
Tiangong International Company Limited announced a planned change in its executive leadership, with long-serving executive director Mr. Wu Suojun resigning from the board effective 1 September 2026 as part of his retirement arrangements, while rem...
Tiangong International Lifts Interim Profit as Margins and Balance Sheet Improve
Aug 28, 2026
Tiangong International reported interim results for the six months ended 30 June 2026 showing revenue of RMB2.47 billion, up 5.5% year on year, and a sharp rise in gross profit of 38.2% as gross margin improved to 24.8%. Profit attributable to equ...
Tiangong Subsidiary Jiangsu Tiangong Technology Issues 2026 Interim Report Highlight
Aug 26, 2026
Jiangsu Tiangong Technology Company Limited, the Beijing Stock Exchange-listed subsidiary of Tiangong International, has released its interim report highlights for the six months ended 30 June 2026. The company confirms that all directors attended...
Tiangong International Sets August Board Meeting to Approve Interim Results
Aug 17, 2026
Tiangong International Company Limited has scheduled a board meeting for 28 August 2026 to approve its interim results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend, signaling potential near...
Tiangong International Launches PCB Precision Tools Joint Venture in China
Jul 23, 2026
Tiangong International has formed a new joint venture, Jiangsu Tiangong Electronics Technology, with Shenzhen Mingchuangjin Investment and Dongguan Fanyu Automation Technology to expand into precision cutting tools for printed circuit boards. The ...
Tiangong International Secures HK$79.3 Million Dividend Loan with Ownership Covenant
Jul 22, 2026
Tiangong International Company Limited has secured an unsecured, interest-bearing dividend loan facility of HK$79.3 million from a Hong Kong licensed bank, with a one-year tenor. The arrangement strengthens the company’s near-term financing ...
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.