Ten Pao Group Holdings Limited (HK:1979)
:1979
Want to see HK:1979 full AI Analyst Report?
Top Page
Ten Pao Group Holdings Limited
(1979)
Select Model
Select Model
Rating:70Outperform
Price Target:
HK$3.50
▲(61.29% Upside)
Action:Upgraded
Date:05/20/26
The score is driven by very strong valuation (low P/E and decent yield) and positive technical momentum (price above key moving averages with positive MACD). These positives are tempered by weaker financial quality, led by a sharp deterioration in operating and free cash flow and higher leverage, alongside softening margins and a revenue decline.
Positive Factors
OEM/ODM business model
A durable OEM/ODM model with embedded product development creates recurring revenue from brand owners and retailers and supports long-term customer ties. Value‑add engineering increases switching costs and helps secure repeat programs, giving predictable manufacturing throughput and pricing leverage.
Negative Factors
Weakened cash generation
A dramatic fall in operating and free cash flow undermines the company’s ability to fund capex, R&D or dividends internally. If weak cash conversion persists it forces reliance on external funding, constrains strategic flexibility, and raises refinancing or liquidity risk in adverse conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
OEM/ODM business model
A durable OEM/ODM model with embedded product development creates recurring revenue from brand owners and retailers and supports long-term customer ties. Value‑add engineering increases switching costs and helps secure repeat programs, giving predictable manufacturing throughput and pricing leverage.
Read all positive factors
Ten Pao Group Holdings Limited (1979) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.09B
Dividend Yield5.75%
Average Volume (3M)773.70K
Price to Earnings (P/E)5.8
Beta (1Y)0.77
Revenue Growth3.21%
EPS Growth-0.86%
CountryHK
Employees7,600
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.37
Shares Outstanding1,030,388,900
10 Day Avg. Volume363,300
30 Day Avg. Volume773,697
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.02
Price to Sales (P/S)0.40
P/FCF Ratio115.19
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)0.5
Revenue Forecast (FY)HK$6.84B
Ten Pao Group Holdings Limited Business Overview & Revenue Model
Company Description
Ten Pao Group Holdings Limited, an investment holding company, develops, manufactures, and sells electric charging products in the People's Republic of China, the rest of Asia, the United States, Europe, Africa, and internationally. It operates th...
How the Company Makes Money
Ten Pao Group Holdings Limited makes money primarily by selling manufactured consumer products to customers (typically brand owners, importers/wholesalers, and retailers) under OEM/ODM arrangements. Under this model, revenue is recognized from ful...
Ten Pao Group Holdings Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.56B | 5.39B | 4.82B | 5.48B | 6.36B |
| Gross Profit | 1.01B | 1.05B | 907.20M | 841.93M | 1.01B |
| EBITDA | 537.89M | 554.37M | 567.51M | 520.78M | 595.25M |
| Net Income | 380.63M | 383.90M | 328.86M | 296.90M | 378.62M |
Balance Sheet | |||||
| Total Assets | 5.52B | 5.41B | 4.32B | 3.89B | 4.17B |
| Cash, Cash Equivalents and Short-Term Investments | 984.47M | 345.03M | 828.03M | 511.97M | 351.70M |
| Total Debt | 839.81M | 705.14M | 713.29M | 476.61M | 611.50M |
| Total Liabilities | 3.30B | 3.56B | 2.67B | 2.48B | 2.86B |
| Stockholders Equity | 2.18B | 1.86B | 1.66B | 1.41B | 1.30B |
Cash Flow | |||||
| Free Cash Flow | 19.23M | 420.91M | 177.02M | 359.69M | -326.76M |
| Operating Cash Flow | 353.41M | 813.65M | 484.70M | 595.93M | 245.16M |
| Investing Cash Flow | -385.73M | -358.76M | -294.97M | -230.02M | -607.42M |
| Financing Cash Flow | -12.18M | -276.43M | -377.27M | -191.03M | 220.38M |
Ten Pao Group Holdings Limited Technical Analysis
Positive
2.17
Price Trends
2.50
Positive
2.50
Positive
2.32
Positive
Market Momentum
0.12
Negative
72.40
Negative
79.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1979, the sentiment is Positive. The current price of 2.17 is below the 20-day moving average (MA) of 2.51, below the 50-day MA of 2.50, and below the 200-day MA of 2.32, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 72.40 is Negative, neither overbought nor oversold. The STOCH value of 79.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1979.
Ten Pao Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$43.38B | 44.26 | 22.19% | 0.17% | 67.95% | 73.01% | |
70 Outperform | HK$3.09B | 5.82 | 18.00% | 5.75% | 3.21% | -0.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | HK$580.00M | -6.86 | -9.29% | 7.47% | -23.05% | -511.63% | |
55 Neutral | HK$1.26B | 12.35 | 19.99% | ― | 11.61% | 287.50% | |
52 Neutral | HK$1.37B | -2.34 | -3.73% | 6.40% | -34.79% | -130.42% |
* Industrials Sector Average
HK:1979
Ten Pao Group Holdings Limited
3.00
1.48
97.37%
HK:1539
Unity Group Holdings International Limited
0.37
-0.03
-6.41%
HK:1710
Trio Industrial Electronics Group Limited
0.58
0.45
339.39%
HK:1729
Time Interconnect Technology Limited
19.44
15.09
346.90%
HK:0842
Leoch International Technology Limited
0.95
-0.17
-15.33%
Ten Pao Group Holdings Limited Corporate Events
Ten Pao Plans Spin-Off and Mainland A-Share Listing for Huizhou Electronics Unit
May 14, 2026
Ten Pao Group Holdings Limited has announced plans for a proposed spin-off and separate A-share listing of its indirect subsidiary, Ten Pao Electronics (Huizhou) Co., Ltd., on a stock exchange in mainland China. The Huizhou-based unit, which manuf...
Ten Pao Sets 2026 AGM to Approve Dividend, Board Changes and Buyback Mandate
Apr 27, 2026
Ten Pao Group Holdings Limited has convened its 2026 annual general meeting for 12 June 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and vote on a proposed fina...
Ten Pao Group Overhauls Independent Board Line-Up and Committees
Apr 27, 2026
Ten Pao Group Holdings has announced a series of board and committee changes to comply with Hong Kong listing rules on the tenure of independent non-executive directors. Long-serving independent non-executive directors Mr. Chu Yat Pang Terry and M...
Ten Pao Group Proposes Final Dividend With Scrip Option for 2025
Mar 20, 2026
Ten Pao Group Holdings Limited has proposed a final ordinary dividend of HKD 0.066 per share for the financial year ended 31 December 2025, subject to shareholder approval at a meeting scheduled for 12 June 2026. The dividend will be paid in cash ...
Ten Pao posts modest 2025 revenue growth amid margin pressure, keeps dividend
Mar 20, 2026
Ten Pao Group Holdings Limited, a Hong Kong-listed manufacturer of power supply products and electronic components for global OEM and ODM clients, reported modest top-line growth for 2025 despite margin pressure. The group remains focused on servi...
Ten Pao Schedules March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 10, 2026
Ten Pao Group Holdings Limited has scheduled a board meeting for 20 March 2026 to review and approve the consolidated annual results of the company and its subsidiaries for the year ended 31 December 2025. The board will also consider whether to r...
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.