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Tenfu (Cayman) Holdings Co
(6868)
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Rating:64Neutral
Price Target:
HK$3.00
▲(11.11% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid financial stability and strong recent cash flow with moderate leverage, tempered by weakening fundamentals (notably the 2025 revenue decline and multi-year margin/ROE compression). Technical indicators add near-term caution due to weak momentum and the stock trading below major moving averages, while valuation is neutral-to-supportive thanks to the ~4.17% dividend yield despite a ~20x P/E.
Positive Factors
Strong cash generation
Free cash flow nearly equals reported net income (~0.95x) and 2025 FCF is very strong, indicating high earnings quality and real cash conversion. This durable cash generation supports debt servicing, capex, and shareholder returns and provides funding flexibility over coming quarters.
Negative Factors
Meaningful revenue decline
A sizable revenue drop in 2025 signals weakening top-line momentum and potential demand or market-share pressures. Persistent revenue contraction undermines operating leverage and makes sustaining margins and reinvestment harder, posing a lasting headwind over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Free cash flow nearly equals reported net income (~0.95x) and 2025 FCF is very strong, indicating high earnings quality and real cash conversion. This durable cash generation supports debt servicing, capex, and shareholder returns and provides funding flexibility over coming quarters.
Read all positive factors
Tenfu (Cayman) Holdings Co (6868) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.82B
Dividend Yield4.21%
Average Volume (3M)7.20K
Price to Earnings (P/E)20.1
Beta (1Y)0.10
Revenue Growth-7.14%
EPS Growth5.00%
CountryHK
Employees3,142
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.11
Shares Outstanding1,082,632,400
10 Day Avg. Volume3,500
30 Day Avg. Volume7,200
Financial Highlights & Ratios
PEG Ratio-1.42
Price to Book (P/B)1.45
Price to Sales (P/S)1.96
P/FCF Ratio6.60
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
Tenfu (Cayman) Holdings Co Business Overview & Revenue Model
Company Description
Tenfu (Cayman) Holdings Company Limited, along with its group entities, functions as a prominent enterprise specializing in traditional Chinese tea products. The company is involved in the sale and promotion of a diverse range of tea items, while ...
How the Company Makes Money
Tenfu primarily makes money by selling tea and tea-related products to consumers through multiple channels. Its key revenue stream is product sales via (1) offline retail stores, where revenue is recognized from in-store purchases of packaged teas...
Tenfu (Cayman) Holdings Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.27B | 1.33B | 1.56B | 1.73B | 1.72B | 1.92B |
| Gross Profit | 628.36M | 696.99M | 806.33M | 940.42M | 920.12M | 1.14B |
| EBITDA | 262.88M | 254.28M | 303.03M | 484.11M | 377.19M | 684.89M |
| Net Income | 119.96M | 122.57M | 138.88M | 213.24M | 206.45M | 359.48M |
Balance Sheet | ||||||
| Total Assets | 2.94B | 2.92B | 2.97B | 3.00B | 3.14B | 3.21B |
| Cash, Cash Equivalents and Short-Term Investments | 788.11M | 587.93M | 361.98M | 278.45M | 352.59M | 373.38M |
| Total Debt | 775.04M | 651.41M | 734.06M | 681.44M | 855.71M | 757.62M |
| Total Liabilities | 1.15B | 1.13B | 1.21B | 1.22B | 1.37B | 1.38B |
| Stockholders Equity | 1.75B | 1.79B | 1.77B | 1.79B | 1.77B | 1.83B |
Cash Flow | ||||||
| Free Cash Flow | 111.49M | 393.73M | 203.59M | 406.71M | 307.78M | 211.99M |
| Operating Cash Flow | 124.29M | 416.25M | 280.71M | 488.85M | 405.29M | 308.58M |
| Investing Cash Flow | -4.02M | -30.00M | -9.42M | -129.15M | -38.93M | -114.14M |
| Financing Cash Flow | -150.55M | -213.62M | -206.21M | -435.17M | -272.98M | -314.12M |
Tenfu (Cayman) Holdings Co Technical Analysis
Negative
2.70
Price Trends
2.63
Negative
2.68
Negative
2.68
Negative
Market Momentum
>-0.01
Positive
45.81
Neutral
15.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6868, the sentiment is Negative. The current price of 2.7 is above the 20-day moving average (MA) of 2.63, above the 50-day MA of 2.63, and above the 200-day MA of 2.68, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 15.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6868.
Tenfu (Cayman) Holdings Co Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$6.27B | 6.59 | 20.60% | 9.50% | 14.30% | 49.67% | |
65 Neutral | HK$70.02B | 12.28 | 33.44% | 3.71% | 3.53% | 17.26% | |
64 Neutral | HK$2.82B | 20.15 | 6.79% | 4.21% | -7.14% | 5.00% | |
64 Neutral | HK$6.53B | 24.65 | 9.30% | 2.73% | -3.39% | 20.09% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | HK$34.97B | 5.96 | 25.72% | 3.73% | 5.80% | -9.69% | |
46 Neutral | HK$60.76M | -2.18 | 124.75% | ― | -4.28% | -65.10% |
* Consumer Defensive Sector Average
HK:6868
Tenfu (Cayman) Holdings Co
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Tenfu (Cayman) Holdings Co Corporate Events
Tenfu (Cayman) Sets August Board Meeting to Review Interim Results and Dividend
Aug 5, 2026
Tenfu (Cayman) Holdings Company Limited, a Hong Kong-listed enterprise incorporated in the Cayman Islands, is governed by a board that includes executive, non-executive and independent non-executive directors. The structure reflects standard corpo...
Tenfu Confirms Ongoing Compliance With Taiwan–Mainland Investment Rules
Jul 8, 2026
Tenfu (Cayman) Holdings Company Limited has reported that, for the period from 1 January 2026 to 30 June 2026, it made no injections of listing proceeds into its PRC subsidiaries. As a result, the company confirms that its Taiwanese founding membe...
Tenfu (Cayman) Switches Hong Kong Share Registrar to Union Registrars
May 15, 2026
Tenfu (Cayman) Holdings Company Limited has announced a change to its Hong Kong Branch Share Registrar and Transfer Office, appointing Union Registrars Limited as its new service provider with effect from 16 June 2026. From that date, all applicat...
Tenfu Clarifies Tea Processing Caps and Tightens Controls After Listing Rules Lapse
May 11, 2026
Tenfu (Cayman) Holdings has clarified how it set renewed annual caps under its Samoa Master Processing Agreement, underpinning expanded use of Samoa Group’s Yunnan Shuangjiang factory, which began operating in April 2025 to process Pu’...
Tenfu Shareholders Approve Dividend, Board Mandates at AGM
May 11, 2026
Tenfu (Cayman) Holdings said shareholders approved all resolutions at its 11 May 2026 annual general meeting, including adoption of the 2025 audited accounts and a final dividend of HK$0.09 per share. Investors also backed the re-election of direc...
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.