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

• Market Cap: $64.99B
• Dividend Yield: 5.95%
• Average Volume (3M): 12.52M
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.63
• Revenue Growth: -1.68%
• EPS Growth: 22.06%
• Country: HK
• Employees: 64,802
• Sector: Consumer Defensive
• Sector Strength: 46
• Industry: Packaged Foods
• EPS (TTM): 0.44
• Shares Outstanding: 5,636,516,600
• 10 Day Avg. Volume: 13,696,010
• 30 Day Avg. Volume: 12,515,656
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 0.88
• Enterprise Value/Gross Profit: 2.65
• Enterprise Value/Ebitda: 7.90
• 1Y Price Target: $12.54
• Price Target Upside: 10.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 71 Outperform
• Price Target: HK$12.50 ▲(10.42% Upside)

Tingyi (Cayman Islands) Holding's overall score is driven by strong financial performance and attractive valuation. However, technical indicators suggest a neutral trend, and cash flow concerns pose potential risks. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Earnings

Net earnings growth remains on track, thanks to favorable raw material costs such as PET and sugar.

Market Share

Tingyi is actively expanding into new channels, regaining the no.1 position on the top four e-commerce platforms, and membership retailers.

Stock Yield

The stock offers an attractive yield of over 6%.

Negative Factors

Raw Material Costs

Prices of raw materials such as palm oil have increased, which could create more significant cost pressure in 2H25.

Revenue

1H25 revenue came in softer than expected, indicating market share losses in key categories.

Topline Pressure

The company's topline is expected to face pressure from both categories, with lower expectations for instant noodles and RTD beverages.

Tingyi (Cayman Islands) Holding Business Overview & Revenue Model

Company Description

Tingyi (Cayman Islands) Holding Corp, commonly known as Tingyi, is a leading Chinese food and beverage company. Established in 1992, it primarily operates in the instant noodle, beverages, and instant food sectors. The company's flagship brand, Master Kong, is widely recognized across China, offering a diverse range of products including instant noodles, ready-to-drink teas, bottled water, and other beverages. Tingyi has a strong market presence and is a key player in the fast-moving consumer goods industry in 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 exhibits strong revenue growth and profitability, with improving profit margins. The balance sheet shows a healthy reduction in leverage and effective use of equity. However, cash flow concerns, particularly the absence of free cash flow in 2024, highlight 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	80.65B	80.42B	78.72B	74.08B	67.62B
Gross Profit	26.70B	24.47B	22.90B	22.51B	22.43B
EBITDA	8.67B	8.75B	7.86B	9.17B	10.03B
Net Income	3.73B	3.12B	2.63B	3.80B	4.06B
Balance Sheet
Total Assets	53.15B	53.15B	58.45B	60.31B	61.53B
Cash, Cash Equivalents and Short-Term Investments	9.69B	11.53B	14.03B	16.56B	21.39B
Total Debt	13.52B	14.06B	17.92B	14.02B	14.01B
Total Liabilities	35.53B	35.93B	41.63B	37.90B	36.79B
Stockholders Equity	14.23B	13.89B	13.37B	18.66B	21.11B
Cash Flow
Free Cash Flow	4.66B	1.85B	1.24B	2.42B	6.32B
Operating Cash Flow	8.26B	5.49B	4.48B	5.42B	8.55B
Investing Cash Flow	-2.86B	-3.72B	-3.38B	-4.04B	-2.89B
Financing Cash Flow	-4.67B	-7.32B	-4.62B	-6.94B	-1.63B

Tingyi (Cayman Islands) Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0322, the sentiment is Positive. The current price of 11.32 is above the 20-day moving average (MA) of 11.25, below the 50-day MA of 11.43, and above the 200-day MA of 11.30, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 49.84 is Neutral, neither overbought nor oversold. The STOCH value of 65.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
0322	71 Outperform	$64.99B	14.62	32.58%	5.95%	-1.68%	22.06%
Sector *	63 Neutral	$20.46B	14.47	-3.60%	3.13%	2.63%	-6.18%
WWNTF	―	$8.64B	14.31	25.49%	2.88%	―	―
WHGRF	―	$13.36B	8.57	15.40%	12.56%	―	―
CIADF	―	$8.43B	560.81	0.21%	2.79%	―	―
1475	71 Outperform	HK$7.23B	38.76	5.18%	1.39%	7.44%	-42.52%
6186	55 Neutral	HK$41.21B	10.64	14.06%	6.77%	4.18%	3.39%

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.

Tingyi Clarifies Dividend Record Date for Shareholders

Tingyi (Cayman Islands) Holding Corp. announced a clarification regarding the record date for shareholders’ entitlement to final and special final dividends. The correct record date is 17 June 2025, rectifying a clerical error that previously stated it as 16 June 2025. This announcement ensures accurate information for shareholders regarding their dividend entitlements, maintaining transparency and trust in the company’s communications.

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 Dividend Approval and Payment Schedule

Tingyi (Cayman Islands) Holding Corp. announced the results of its Annual General Meeting held on June 5, 2025, which included the approval of final and special final dividends for the financial year ending December 31, 2024. The dividends will be paid at RMB 0.3314 per share, with a default currency payment in HKD at an exchange rate of RMB 1 to HKD 1.0927. The ex-dividend date is set for June 11, 2025, with payment scheduled for July 9, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may positively impact its market positioning by reinforcing investor confidence.

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 Final Dividend Payout Post-AGM

Tingyi (Cayman Islands) Holding Corp. announced the results of its Annual General Meeting held on June 5, 2025, where shareholders approved the payment of final and special final dividends for the financial year ending December 31, 2024. The dividend will be paid at RMB 0.3314 per share, with an exchange rate set at RMB 1 to HKD 1.0927, translating to HKD 0.36212 per share. This decision reflects the company’s commitment to delivering shareholder value and may positively impact its stock performance and investor relations.

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 Secures Approval for Key Supply and Logistics Agreements

Tingyi (Cayman Islands) Holding Corp. announced that all ordinary resolutions proposed at its Extraordinary General Meeting (EGM) on June 5, 2025, were approved. The resolutions included the approval of the Tingzheng Supply Agreement, Marine Vision Supply Agreement, and Ting Tong Logistics Agreement, which are expected to enhance the company’s operational capabilities. The approval of these agreements signifies a strategic move to strengthen the company’s supply chain and logistics operations, potentially improving its market positioning and operational efficiency.

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 Changes: New Director Appointed

Tingyi (Cayman Islands) Holding Corp. announced a change in its board of directors, with Mr. Lee Tiong Hock retiring as an independent non-executive director and chairman of the Audit Committee. He will continue as a consultant to the company. Mr. Man Mo Leung has been appointed to fill the vacancy left by Mr. Lee, bringing over 30 years of experience in auditing and corporate advisory services. This change is expected to strengthen the company’s governance and oversight capabilities.

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 New Board and CEO Appointments

Tingyi (Cayman Islands) Holding Corp has announced the updated list of its board of directors and chief executive officer, effective from June 5, 2025. The announcement includes the appointment of Wei Hong-Ming as Chairman and Chen Yinjiang as the Chief Executive Officer, along with the composition of two board committees, which are the Audit Committee and the Remuneration and Nomination Committee.

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 Successful AGM Resolutions and Dividend Approvals

Tingyi (Cayman Islands) Holding Corp. announced that all resolutions proposed at their Annual General Meeting on June 5, 2025, were approved by shareholders. The resolutions included the approval of final and special dividends, re-election of directors, and the re-appointment of auditors, which indicate strong shareholder support and stability in the company’s governance. This approval is expected to positively impact the company’s operations and reinforce its position in the market.

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.