Tai Ping Carpets International Limited (HK:0146)
:0146
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Tai Ping Carpets International
(0146)
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Rating:73Outperform
Price Target:
HK$1.50
▼(-20.63% Downside)
Action:Reiterated
Date:06/14/26
The score is driven primarily by solid financial performance (improving profitability, consistent positive free cash flow, and manageable leverage) and strong valuation (low P/E and high dividend yield). Technical indicators are more neutral-to-soft (below key longer-term moving averages and slightly negative MACD), which tempers the overall score.
Positive Factors
Profitability
High and stable gross margins (~57–62%) and expanding net margin to ~6.6% by 2025 signal durable pricing power and operational efficiency in premium products. That margin cushion supports reinvestment, dividend ability and resilience to raw-material cost swings over multiple years.
Negative Factors
Modest Revenue Growth
Modest and uneven top-line growth constrains scalability and reduces operating leverage from fixed-cost absorption. Even with a stronger 2025, slow revenue expansion limits long-term EPS upside and makes performance more dependent on margin improvements and winning large bespoke projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
High and stable gross margins (~57–62%) and expanding net margin to ~6.6% by 2025 signal durable pricing power and operational efficiency in premium products. That margin cushion supports reinvestment, dividend ability and resilience to raw-material cost swings over multiple years.
Read all positive factors
Tai Ping Carpets International (0146) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$331.01M
Dividend Yield6.49%
Average Volume (3M)38.03K
Price to Earnings (P/E)7.9
Beta (1Y)0.31
Revenue Growth2.77%
EPS Growth0.56%
CountryHK
Employees746
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.19
Shares Outstanding212,187,480
10 Day Avg. Volume7,700
30 Day Avg. Volume38,035
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)0.64
Price to Sales (P/S)0.47
P/FCF Ratio3.42
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...
How the Company Makes Money
The company makes money primarily by selling carpets and carpet-related products and services. Its main revenue stream comes from fulfilling orders for premium, design-led carpets, including bespoke/custom carpets produced to client specifications...
Tai Ping Carpets International Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 659.93M | 658.81M | 640.22M | 600.60M | 583.66M | 481.38M |
| Gross Profit | 402.17M | 401.65M | 395.01M | 359.91M | 330.82M | 280.10M |
| EBITDA | 74.44M | 68.87M | 96.57M | 90.80M | 81.07M | 78.18M |
| Net Income | 41.77M | 43.78M | 42.11M | 38.42M | 25.27M | 16.63M |
Balance Sheet | ||||||
| Total Assets | 852.31M | 874.29M | 832.57M | 792.87M | 788.01M | 784.88M |
| Cash, Cash Equivalents and Short-Term Investments | 273.75M | 300.01M | 263.32M | 217.66M | 195.96M | 178.17M |
| Total Debt | 121.87M | 138.89M | 114.26M | 124.12M | 107.22M | 129.37M |
| Total Liabilities | 375.90M | 394.65M | 377.63M | 364.27M | 358.88M | 360.09M |
| Stockholders Equity | 476.41M | 479.64M | 454.94M | 428.59M | 429.13M | 424.78M |
Cash Flow | ||||||
| Free Cash Flow | 99.96M | 89.91M | 93.48M | 55.31M | 71.94M | 82.36M |
| Operating Cash Flow | 111.59M | 104.44M | 109.16M | 68.76M | 85.48M | 98.23M |
| Investing Cash Flow | 34.55M | 108.08M | -141.55M | 26.30M | -42.40M | -14.20M |
| Financing Cash Flow | -61.96M | -58.86M | -49.82M | -42.03M | -51.17M | -48.85M |
Tai Ping Carpets International Technical Analysis
Negative
1.89
Price Trends
1.57
Negative
1.71
Negative
1.70
Negative
Market Momentum
>-0.01
Negative
52.94
Neutral
61.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0146, the sentiment is Negative. The current price of 1.89 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.57, and above the 200-day MA of 1.70, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.94 is Neutral, neither overbought nor oversold. The STOCH value of 61.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$190.20M | 3.68 | 14.79% | 6.67% | 30.48% | 116.41% | |
73 Outperform | HK$331.01M | 7.92 | 8.74% | 6.49% | 2.77% | 0.56% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.26B | 9.04 | 4.73% | 8.06% | -2.44% | -5.98% | |
55 Neutral | HK$367.81M | -38.22 | -5.45% | ― | 8.95% | -310.53% | |
45 Neutral | HK$104.32M | -3.33 | -14.23% | ― | 3.02% | 10.44% | |
45 Neutral | HK$350.66M | -45.21 | -1.02% | 4.55% | -14.46% | 44.09% |
* Consumer Cyclical Sector Average
HK:0146
Tai Ping Carpets International
1.56
0.23
17.29%
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0.91
-0.32
-25.77%
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0.23
0.14
160.00%
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Hingtex Holdings Ltd.
0.16
0.06
58.25%
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China Weaving Materials Holdings Ltd.
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Furniweb Holdings Limited
0.21
0.03
15.73%
Tai Ping Carpets International Corporate Events
Tai Ping Carpets Adds Independent Director to Executive Committee
Apr 9, 2026
Tai Ping Carpets International Limited has announced a change in the composition of its executive committee, appointing Independent Non-executive Director Nicholas James Debnam as a member of the committee with effect from 9 April 2026. The move b...
Tai Ping Carpets Sets Out Board and Committee Structure
Apr 9, 2026
Tai Ping Carpets International Limited has announced the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive directors overseeing the group. The company also outlined the membe...
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.