Carpenter Tan Holdings Limited (HK:0837)
:0837
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Carpenter Tan Holdings Limited
(0837)
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Rating:78Outperform
Price Target:
HK$8.50
▲(10.68% Upside)
Action:ReiteratedDate:04/23/26
The score is primarily driven by strong financial performance (high margins, very low leverage, and good cash conversion) and supportive valuation (moderate P/E and solid dividend yield). Technical indicators are mixed and largely neutral, limiting the overall score despite strong fundamentals.
Positive Factors
Balance Sheet Strength
Exceptionally low leverage and a steadily expanding equity base provide durable financial flexibility. This conservatism supports capacity to fund capex, sustain dividends, pursue opportunistic M&A, and weather downturns without stressing liquidity or requiring emergency financing.
Negative Factors
Top-line Volatility
Uneven revenue momentum and cyclical top-line trends reduce predictability of future earnings and complicate capacity planning. For a capital-light or mid-cycle growth strategy, inconsistent sales growth can impair steady margin expansion and investment timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Exceptionally low leverage and a steadily expanding equity base provide durable financial flexibility. This conservatism supports capacity to fund capex, sustain dividends, pursue opportunistic M&A, and weather downturns without stressing liquidity or requiring emergency financing.
Read all positive factors
Carpenter Tan Holdings Limited (0837) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.89B
Dividend Yield4.75%
Average Volume (3M)79.72K
Price to Earnings (P/E)10.6
Beta (1Y)0.23
Revenue Growth10.44%
EPS Growth-0.43%
CountryHK
Employees989
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.27
Shares Outstanding248,714,000
10 Day Avg. Volume52,850
30 Day Avg. Volume79,716
Financial Highlights & Ratios
PEG Ratio-3.66
Price to Book (P/B)1.82
Price to Sales (P/S)3.25
P/FCF Ratio11.45
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
Carpenter Tan Holdings Limited Business Overview & Revenue Model
Company Description
Carpenter Tan Holdings Limited, an investment holding company, designs, manufactures, and distributes wooden handicrafts and accessories. The company offers wooden or horn combs, such as colored drawing combs, grass-and-tree dyed wooden combs, and...
Carpenter Tan Holdings Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 543.78M | 505.44M | 499.69M | 348.00M | 330.91M |
| Gross Profit | 336.37M | 305.20M | 300.88M | 205.25M | 199.79M |
| EBITDA | 208.11M | 215.23M | 220.39M | 131.82M | 127.88M |
| Net Income | 166.60M | 171.37M | 173.73M | 107.25M | 107.66M |
Balance Sheet | |||||
| Total Assets | 1.12B | 1.01B | 930.78M | 805.56M | 784.31M |
| Cash, Cash Equivalents and Short-Term Investments | 170.48M | 227.50M | 377.38M | 264.87M | 353.38M |
| Total Debt | 20.78M | 12.11M | 12.82M | 11.32M | 13.72M |
| Total Liabilities | 149.32M | 125.17M | 122.29M | 113.68M | 111.86M |
| Stockholders Equity | 970.62M | 883.96M | 804.38M | 687.82M | 668.40M |
Cash Flow | |||||
| Free Cash Flow | 154.57M | 113.31M | 168.60M | 49.17M | 44.35M |
| Operating Cash Flow | 172.86M | 146.39M | 189.66M | 67.46M | 66.15M |
| Investing Cash Flow | -39.89M | -73.01M | -89.46M | 14.02M | -66.78M |
| Financing Cash Flow | -100.76M | -97.48M | -59.87M | -85.68M | -60.00M |
Carpenter Tan Holdings Limited Technical Analysis
Positive
7.68
Price Trends
7.66
Positive
7.72
Positive
7.35
Positive
Market Momentum
0.02
Negative
57.73
Neutral
61.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0837, the sentiment is Positive. The current price of 7.68 is above the 20-day moving average (MA) of 7.55, above the 50-day MA of 7.66, and above the 200-day MA of 7.35, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 57.73 is Neutral, neither overbought nor oversold. The STOCH value of 61.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0837.
Carpenter Tan Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.89B | 10.62 | 18.05% | 4.75% | 10.44% | -0.43% | |
73 Outperform | HK$306.25M | 6.76 | 6.01% | 7.76% | 14.80% | -56.27% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | HK$530.54M | 5.15 | 4.84% | 7.24% | -6.53% | -49.31% | |
42 Neutral | HK$314.51M | 24.82 | 6.01% | ― | -5.88% | ― | |
41 Neutral | HK$403.10M | -12.73 | 25.15% | ― | -14.87% | 25.47% | |
39 Underperform | HK$246.86M | -0.47 | -40.16% | ― | -27.42% | -80.52% |
* Consumer Defensive Sector Average
HK:0837
Carpenter Tan Holdings Limited
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Carpenter Tan Holdings Limited Corporate Events
Carpenter Tan Sets 2025 AGM to Approve Dividend, New Auditor and Share Issue Mandate
Apr 17, 2026
Carpenter Tan Holdings Limited has convened its 2025 annual general meeting for 22 May 2026 in Jurong City, Jiangsu Province, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider the re-e...
Carpenter Tan Lifts Revenue and Margins but Full-Year Profit Flat; Dividend Raised
Mar 27, 2026
Carpenter Tan Holdings Limited reported a 10.4% rise in revenue to RMB558.2 million for 2025, driven by higher sales and improved gross profitability, as gross profit climbed 13.1% and gross margin widened to 61.9%. Despite this top-line and margi...
Carpenter Tan Declares Final Dividend for 2025 and Sets Key Dates
Mar 27, 2026
Carpenter Tan Holdings Limited has declared a final ordinary cash dividend of HKD 0.3831 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend is subject to shareholder approval on 22 May 2026, with an...
Carpenter Tan Wins Shareholder Backing to Shift Domicile to Hong Kong
Mar 27, 2026
Carpenter Tan Holdings Limited secured shareholder approval at an extraordinary general meeting on 27 March 2026 to change its place of domicile from the Cayman Islands to Hong Kong under the Companies Ordinance. The special resolution, which was ...
Carpenter Tan Sets Board Meeting to Approve 2025 Annual Results and Consider Final Dividend
Mar 16, 2026
Carpenter Tan Holdings Limited has announced that its board of directors will convene a meeting on 27 March 2026 to review and approve the audited annual results for the year ended 31 December 2025. At the same meeting, the board will also conside...
Carpenter Tan Seeks Shareholder Approval to Shift Domicile to Hong Kong
Mar 11, 2026
Carpenter Tan Holdings Limited has called an extraordinary general meeting for 27 March 2026 in Jurong City, Jiangsu Province, to seek shareholder approval for a change of domicile from the Cayman Islands to Hong Kong under the Companies Ordinance...
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.