Tam Jai International Co. Limited

DB:29S Stock Report

Market Cap: €128.6m

Tam Jai International Valuation

Is 29S undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 29S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 29S (€0.09) is trading below our estimate of fair value (€0.63)

Significantly Below Fair Value: 29S is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 29S?

Key metric: As 29S is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 29S. This is calculated by dividing 29S's market cap by their current earnings.
What is 29S's PE Ratio?
PE Ratio14.4x
EarningsHK$73.09m
Market CapHK$1.05b

Price to Earnings Ratio vs Peers

How does 29S's PE Ratio compare to its peers?

The above table shows the PE ratio for 29S vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
IFA LS Invest
6.5xn/a€296.1m
NHB0 Nebelhornbahn-Aktiengesellschaft
27.7xn/a€22.2m
RGB Regenbogen
6.9xn/a€16.1m
TIMA ZEAL Network
20.1x-5.0%€944.3m
29S Tam Jai International
14.4x25.4%€1.1b

Price-To-Earnings vs Peers: 29S is good value based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (15.3x).


Price to Earnings Ratio vs Industry

How does 29S's PE Ratio compare vs other companies in the European Hospitality Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
29S 14.4xIndustry Avg. 17.5xNo. of Companies20PE01224364860+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 29S is good value based on its Price-To-Earnings Ratio (14.4x) compared to the European Hospitality industry average (17.3x).


Price to Earnings Ratio vs Fair Ratio

What is 29S's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

29S PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.4x
Fair PE Ratio19.6x

Price-To-Earnings vs Fair Ratio: 29S is good value based on its Price-To-Earnings Ratio (14.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 29S forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.088
€0.24
+177.1%
47.6%€0.41€0.14n/a3
Nov ’25€0.084
€0.25
+191.8%
40.7%€0.39€0.17n/a3
Oct ’25€0.088
€0.25
+178.5%
40.7%€0.39€0.17n/a3
Sep ’25€0.09
€0.23
+157.6%
41.8%€0.40€0.17n/a4
Aug ’25€0.11
€0.23
+112.7%
41.8%€0.40€0.17n/a4
Jul ’25€0.11
€0.23
+107.0%
41.8%€0.40€0.17n/a4
Jun ’25€0.13
€0.25
+97.4%
40.7%€0.39€0.18n/a3
May ’25€0.11
€0.28
+166.3%
29.2%€0.40€0.21n/a3
Apr ’25€0.11
€0.28
+149.8%
29.2%€0.40€0.21n/a3
Mar ’25€0.12
€0.28
+133.3%
29.2%€0.40€0.21n/a3
Feb ’25€0.13
€0.28
+122.3%
29.2%€0.40€0.21n/a3
Jan ’25€0.14
€0.28
+107.6%
29.2%€0.40€0.21n/a3
Dec ’24€0.14
€0.30
+115.1%
30.1%€0.39€0.21n/a2
Nov ’24€0.14
€0.34
+146.7%
14.5%€0.39€0.29€0.0842
Oct ’24€0.15
€0.34
+128.6%
14.5%€0.39€0.29€0.0882
Sep ’24€0.17
€0.34
+97.0%
14.5%€0.39€0.29€0.092
Aug ’24€0.19
€0.38
+99.3%
5.5%€0.40€0.36€0.112
Jul ’24€0.20
€0.38
+92.2%
5.5%€0.40€0.36€0.112
Jun ’24€0.20
€0.38
+89.6%
5.5%€0.40€0.36€0.132
May ’24€0.22
€0.38
+69.3%
5.5%€0.40€0.36€0.112
Apr ’24€0.26
€0.38
+47.0%
5.5%€0.40€0.36€0.112
Mar ’24€0.27
€0.38
+38.4%
5.5%€0.40€0.36€0.122
Feb ’24€0.33
€0.40
+20.1%
1.5%€0.41€0.40€0.132
Jan ’24€0.30
€0.44
+45.8%
11.2%€0.51€0.40€0.143
Dec ’23€0.21
€0.44
+108.7%
11.2%€0.51€0.40€0.143
Nov ’23€0.21
€0.49
+140.0%
9.1%€0.54€0.43€0.143

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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