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Tai Ping Carpets International Limited (HK:0146)
:0146
Hong Kong Market

Tai Ping Carpets International (0146) AI Stock Analysis

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HK

Tai Ping Carpets International

(0146)

Rating:75Outperform
Price Target:
HK$1.50
▲(4.17%Upside)
Tai Ping Carpets International is well-positioned with strong financial performance, particularly in cash flow generation and efficient operations. The stock's technical indicators show bullish momentum despite an overbought RSI, suggesting potential caution. The company's valuation is compelling with a low P/E ratio and high dividend yield, making it attractive for value and income-focused investors.

Tai Ping Carpets International (0146) vs. iShares MSCI Hong Kong ETF (EWH)

Tai Ping Carpets International Business Overview & Revenue Model

Company DescriptionTai Ping Carpets International Limited designs, manufactures, imports, exports, and sells carpets in Asia, Europe, the Middle East, the United States, and Africa. The company also manufactures and sells yarns; and provides yarn dyeing activities. It offers its products for luxury residential, private yachts and jets, boutique stores, corporate offices, and luxury hotels and resorts. The company was founded in 1956 and is headquartered in Cheung Sha Wan, Hong Kong.
How the Company Makes MoneyTai Ping Carpets International generates revenue through the design, production, and sale of bespoke carpet solutions. Its primary revenue streams include sales to luxury residences, commercial installations, and the hospitality industry, where custom designs are commissioned for hotels and resorts. The company also collaborates with designers and architects to create exclusive collections, enhancing its offerings and appeal in the high-end market. Additionally, Tai Ping benefits from its global distribution network, enabling it to reach a broad clientele, supported by its reputation for quality and innovation in carpet design.

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
78
Positive
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
70
Positive
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
82
Very Positive
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.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue642.15M640.22M600.60M583.66M481.38M492.27M
Gross Profit397.23M395.01M359.91M330.82M280.10M221.35M
EBITDA71.98M96.57M90.80M81.07M78.18M36.75M
Net Income41.54M42.11M38.42M25.27M16.63M-24.74M
Balance Sheet
Total Assets820.35M832.57M792.87M788.01M784.88M777.21M
Cash, Cash Equivalents and Short-Term Investments233.42M263.32M217.66M195.96M178.17M136.44M
Total Debt137.19M114.26M124.12M107.22M129.37M148.10M
Total Liabilities374.96M377.63M364.27M358.88M360.09M390.29M
Stockholders Equity445.39M454.94M428.59M429.13M424.78M369.50M
Cash Flow
Free Cash Flow68.02M90.63M55.31M71.94M82.36M56.28M
Operating Cash Flow84.50M109.16M68.76M85.48M98.23M74.74M
Investing Cash Flow-91.61M-141.55M26.30M-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 Price1.44
Price Trends
50DMA
1.35
Positive
100DMA
1.28
Positive
200DMA
1.23
Positive
Market Momentum
MACD
0.02
Positive
RSI
61.76
Neutral
STOCH
41.82
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 1.44 is equal to the 20-day moving average (MA) of 1.44, above the 50-day MA of 1.35, and above the 200-day MA of 1.23, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 61.76 is Neutral, neither overbought nor oversold. The STOCH value of 41.82 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

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
HK$305.55M7.369.39%8.33%0.05%-26.73%
70
Outperform
HK$129.40M3.6012.55%62.80%-6.75%3.61%
63
Neutral
$16.62B10.98-6.98%2.96%1.73%-24.23%
55
Neutral
HK$69.62M-2.60%-13.04%-111.11%
47
Neutral
HK$28.34M-21.24%-14.00%-1233.33%
45
Neutral
HK$450.85M-1.72%14.05%56.22%
43
Neutral
HK$500.18M-5.04%46.93%63.40%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0146
Tai Ping Carpets International
1.44
0.39
37.14%
HK:1749
Shanshan Brand Management Co. Ltd. Class H
0.97
0.15
18.29%
HK:1825
Sterling Group Holdings Limited
0.09
-0.03
-25.00%
HK:1906
Bonny International Holding Ltd.
0.36
0.00
0.00%
HK:2223
Casablanca Group Ltd.
0.27
-0.09
-25.00%
HK:3778
China Weaving Materials Holdings Ltd.
0.37
0.11
42.31%

Tai Ping Carpets International Corporate Events

Tai Ping Carpets Enhances Governance with New Nomination Committee
Jun 30, 2025

Tai Ping Carpets International Limited has established a Nomination Committee to enhance its board’s governance and diversity. The committee is tasked with reviewing the board’s structure, developing diversity and nomination policies, and making recommendations on board appointments and succession planning, which is expected to strengthen the company’s strategic direction and stakeholder confidence.

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.Date of analysis: Jun 10, 2025