Tingyi (Cayman Islands) Holding (0322) AI Stock Analysis

• Market Cap: $57.61B
• Dividend Yield: 6.53%
• Average Volume (3M): 8.83M
• Price to Earnings (P/E): 13.0
• Beta (1Y): 0.63
• Revenue Growth: -1.68%
• EPS Growth: 22.06%
• Country: HK
• Employees: 64,802
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.44
• Shares Outstanding: 5,636,516,600
• 10 Day Avg. Volume: 6,061,854
• 30 Day Avg. Volume: 8,827,780
• PEG Ratio: 0.72
• Price to Book (P/B): 3.76
• Price to Sales (P/S): 0.66
• P/FCF Ratio: 11.50
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 2.61
• Enterprise Value/Ebitda: 7.61
• 1Y Price Target: $12.37
• Price Target Upside: 19.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 70 Neutral
• Price Target: HK$12.50 ▲(21.12% Upside)

The overall stock score is primarily influenced by strong financial performance, particularly in revenue growth and profitability. Valuation is also a positive factor due to a reasonable P/E ratio and high dividend yield. However, technical analysis indicates a lack of clear momentum, and cash flow concerns present a risk.

Positive Factors

Negative Factors

Tingyi (Cayman Islands) Holding Business Overview & Revenue Model

Company Description

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, milk tea, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics. The company also provides property rental and management, logistics, management, and support services; and manufactures and sells meat and bakery products. As of December 31, 2021, it operated a sales network of 340 sales offices and 341 warehouses serving 80,726 wholesalers and 256,567 direct retailers. The company was founded in 1992 and is headquartered in Shanghai, the People's Republic of China.

How the Company Makes Money

Tingyi makes money through the production and sale of its food and beverage products. Its primary revenue streams are from its instant noodles and beverage segments. The instant noodle segment generates income by manufacturing and distributing a variety of noodle products under the Master Kong brand. The beverage segment contributes significantly to revenue through sales of ready-to-drink teas, bottled water, and other soft drinks. Tingyi's extensive distribution network, strategic partnerships with local and international companies, and strong brand recognition help drive sales. Additionally, the company's continuous innovation in product offerings and marketing strategies further enhance its revenue generation capabilities.

Tingyi (Cayman Islands) Holding Financial Statement Overview

Summary

Tingyi (Cayman Islands) Holding demonstrates strong revenue growth and profitability with improved profit margins. The balance sheet shows reduced leverage and effective equity use. However, cash flow concerns, particularly the absence of free cash flow in 2024, pose a potential risk in liquidity management.

Income Statement

Tingyi (Cayman Islands) Holding shows strong revenue growth, with a consistent increase from 2019 to 2024, reaching HKD 80.65 billion. The gross profit margin improved to 33.09% in 2024, up from 31.33% in 2023. EBIT and EBITDA margins are healthy at 7.22% and 10.75% respectively for 2024, reflecting efficient operations. Net profit margin increased to 4.63% in 2024, indicating improved profitability. Overall, the company demonstrates strong revenue growth and profitability, although the EBIT margin has slightly decreased since 2020.

Balance Sheet

The company's balance sheet is solid with a debt-to-equity ratio of 0.95 in 2024, improved from 1.01 in 2023, showing a reduction in leverage. The equity ratio stands at 26.78%, reflecting a moderate reliance on equity financing. Return on equity improved to 26.24% in 2024, indicating effective utilization of shareholder capital. However, there is a downward trend in total assets since 2020, which could limit future growth opportunities.

Cash Flow

Cash flow analysis reveals some concerns, particularly with free cash flow, which was zero in 2024. Operating cash flow to net income ratio could not be calculated due to unavailable operating cash flow data for 2024. In previous years, the company showed positive free cash flow, but the lack of data for 2024 raises concerns about cash generation and sustainability. The company needs to ensure consistent cash flow to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	79.54B	80.65B	80.42B	78.72B	74.08B	67.62B
Gross Profit	27.07B	26.70B	24.47B	22.90B	22.51B	22.43B
EBITDA	9.30B	8.67B	8.75B	7.86B	9.17B	10.03B
Net Income	4.12B	3.73B	3.12B	2.63B	3.80B	4.06B
Balance Sheet
Total Assets	55.95B	53.15B	53.15B	58.45B	60.31B	61.53B
Cash, Cash Equivalents and Short-Term Investments	13.08B	9.69B	11.40B	14.03B	16.56B	21.39B
Total Debt	15.25B	13.52B	14.06B	17.92B	14.02B	14.01B
Total Liabilities	39.88B	35.53B	35.93B	41.63B	37.90B	36.79B
Stockholders Equity	12.78B	14.23B	13.89B	13.37B	18.66B	21.11B
Cash Flow
Free Cash Flow	4.65B	4.66B	1.85B	1.24B	2.42B	6.32B
Operating Cash Flow	7.87B	8.26B	5.49B	4.48B	5.42B	8.55B
Investing Cash Flow	-2.91B	-2.86B	-3.72B	-3.38B	-4.04B	-2.89B
Financing Cash Flow	-4.01B	-4.67B	-7.32B	-4.62B	-6.94B	-1.63B

Tingyi (Cayman Islands) Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0322, the sentiment is Negative. The current price of 10.32 is below the 20-day moving average (MA) of 10.72, below the 50-day MA of 11.04, and below the 200-day MA of 11.43, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 33.23 is Neutral, neither overbought nor oversold. The STOCH value of 18.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0322.

Tingyi (Cayman Islands) Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0288	73 Outperform	$100.85B	8.01	15.40%	7.51%	5.98%	62.13%
0151	72 Outperform	$61.61B	13.17	25.49%	3.05%	-1.37%	7.96%
0322	70 Neutral	$57.61B	12.95	32.58%	6.53%	-1.68%	22.06%
1475	67 Neutral	HK$7.22B	38.32	5.18%	1.39%	7.44%	-42.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2319	58 Neutral	$56.10B	583.04	-0.74%	3.86%	-7.36%	-107.25%
6186	55 Neutral	HK$35.50B	12.20	10.48%	7.32%	-0.64%	-24.62%

Tingyi (Cayman Islands) Holding Corporate Events

Tingyi Holding Announces 2025 Interim Results

Tingyi (Cayman Islands) Holding Corp. has released its interim results for the first half of 2025, showcasing the company’s financial performance and operational highlights. This announcement is crucial for stakeholders as it provides insights into the company’s market positioning and potential future growth, impacting investor confidence and strategic planning.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Reports Strong Profit Growth Despite Revenue Dip

Tingyi (Cayman Islands) Holding Corp. reported its interim results for the six months ending June 30, 2025, showing a slight decrease in revenue by 2.7% compared to the previous year. However, the company achieved a 20.3% increase in profit for the period, attributed to improved gross margins and a significant rise in EBITDA by 13.0%. The company’s financial position strengthened with an increase in bank balance and cash, indicating robust liquidity and a negative gearing ratio, which suggests low financial leverage.

The most recent analyst rating on (HK:0322) stock is a Hold with a HK$13.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.

Tingyi Announces Board Meeting to Approve Interim Results

Tingyi (Cayman Islands) Holding Corp. has announced a board meeting scheduled for August 11, 2025, to approve the interim results for the first half of the year and consider an interim dividend. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and potential dividend payouts, impacting investor sentiment and market positioning.

The most recent analyst rating on (HK:0322) stock is a Buy with a HK$14.80 price target. To see the full list of analyst forecasts on Tingyi (Cayman Islands) Holding stock, see the HK:0322 Stock Forecast page.