How does 6811's PE Ratio compare to its peers?

6811 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (18x).

How does 6811's PE Ratio compare vs other companies in the HK Hospitality Industry?

6811 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Hong Kong Hospitality industry average (16.8x).

What is 6811'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.

6811 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

What is the Fair Price of 6811 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

6811 (HK$0.71) is trading below our estimate of [[fair value]] (HK$6.4)

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

Insufficient data to show price forecast.

6811 Stock Overview

An investment holding company, operates and manages restaurants. More details

6811 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	2/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 88.9% below our estimate of its fair value

Earnings are forecast to grow 36.13% per year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results

Does not have a meaningful market cap (HK$714M)

Dividend of 9.86% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Tai Hing Group Holdings Limited Competitors

Fairwood Holdings

SEHK:52

HK$791.6m

Tao Heung Holdings

SEHK:573

HK$441.2m

Ajisen (China) Holdings

SEHK:538

HK$916.9m

Tam Jai International

SEHK:2217

HK$1.1b

Price History & Performance

Summary of share price highs, lows and changes for Tai Hing Group Holdings
Historical stock prices
Current Share Price	HK$0.72
52 Week High	HK$0.95
52 Week Low	HK$0.58
Beta	0.81
1 Month Change	14.29%
3 Month Change	12.50%
1 Year Change	-12.20%
3 Year Change	-45.45%
5 Year Change	-55.83%
Change since IPO	-72.73%

Tai Hing Group Holdings (HKG:6811) Has Announced That Its Dividend Will Be Reduced To HK$0.025

Sep 30

We Think Tai Hing Group Holdings' (HKG:6811) Solid Earnings Are Understated

Sep 26

Recent updates

Tai Hing Group Holdings (HKG:6811) Has Announced That Its Dividend Will Be Reduced To HK$0.025

Sep 30

We Think Tai Hing Group Holdings' (HKG:6811) Solid Earnings Are Understated

Sep 26

Capital Allocation Trends At Tai Hing Group Holdings (HKG:6811) Aren't Ideal

May 27

The Returns On Capital At Tai Hing Group Holdings (HKG:6811) Don't Inspire Confidence

Oct 25

Tai Hing Group Holdings (HKG:6811) Will Pay A Dividend Of HK$0.025

Sep 15

Tai Hing Group Holdings (HKG:6811) Is Due To Pay A Dividend Of HK$0.025

Sep 01

Tai Hing Group Holdings' (HKG:6811) Shareholders Will Receive A Smaller Dividend Than Last Year

May 26

Tai Hing Group Holdings' (HKG:6811) Dividend Will Be Reduced To HK$0.05

May 12

Tai Hing Group Holdings (HKG:6811) Is Reducing Its Dividend To HK$0.05

Apr 28

Tai Hing Group Holdings Limited's (HKG:6811) P/E Is Still On The Mark Following 29% Share Price Bounce

Apr 08

Tai Hing Group Holdings' (HKG:6811) Dividend Is Being Reduced To HK$0.05

Mar 31

Tai Hing Group Holdings (HKG:6811) Has Announced That It Will Be Increasing Its Dividend To HK$0.025

Sep 29

Tai Hing Group Holdings (HKG:6811) Is Increasing Its Dividend To HK$0.025

Sep 15

Tai Hing Group Holdings (HKG:6811) Has Announced That It Will Be Increasing Its Dividend To HK$0.025

Aug 29

A Look At The Intrinsic Value Of Tai Hing Group Holdings Limited (HKG:6811)

Aug 23

What Is Tai Hing Group Holdings Limited's (HKG:6811) Share Price Doing?

Jul 27

Tai Hing Group Holdings Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Mar 27

Tai Hing Group Holdings Limited's (HKG:6811) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Feb 28

The Trends At Tai Hing Group Holdings (HKG:6811) That You Should Know About

Feb 08

Trade Alert: The Executive Director Of Tai Hing Group Holdings Limited (HKG:6811), Shuk Chan, Has Just Spent HK$780k Buying 4.6% More Shares

Jan 20

Shareholder Returns

	6811	HK Hospitality	HK Market
7D	5.9%	-5.4%	-2.2%
1Y	-12.2%	46.2%	18.3%

Return vs Industry: 6811 underperformed the Hong Kong Hospitality industry which returned 46.2% over the past year.

Return vs Market: 6811 underperformed the Hong Kong Market which returned 18.3% over the past year.

Price Volatility

Is 6811's price volatile compared to industry and market?
6811 volatility
6811 Average Weekly Movement	4.4%
Hospitality Industry Average Movement	8.2%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	18.7%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 6811 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 6811's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	6,200	n/a	www.taihing.com

Tai Hing Group Holdings Limited, an investment holding company, operates and manages restaurants. It operates a network of self-operated and franchised restaurants in Hong Kong, Mainland China, Macau, and Taiwan under the Tai Hing, Trusty Congee King, Ph? Lê, Men Wah Bing Teng, Sing Kee Seafood Restaurant, TeaWood, Dao Cheng, Asam Chicken Rice, Dimpot, Rice Rule, King Fong Bing Teng, Dumpling Station, Tommy Yummy, Tori Yoichi, Bingle Bingle, and other brands.

Tai Hing Group Holdings Limited Fundamentals Summary

How do Tai Hing Group Holdings's earnings and revenue compare to its market cap?
6811 fundamental statistics
Market cap	HK$713.83m
Earnings (TTM)	HK$59.23m
Revenue (TTM)	HK$3.26b

12.2x

P/E Ratio

0.2x

P/S Ratio

Is 6811 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6811 income statement (TTM)
Revenue	HK$3.26b
Cost of Revenue	HK$880.82m
Gross Profit	HK$2.38b
Other Expenses	HK$2.32b
Earnings	HK$59.23m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.059
Gross Margin	72.95%
Net Profit Margin	1.82%
Debt/Equity Ratio	0%

How did 6811 perform over the long term?

See historical performance and comparison

Dividends

9.7%

Current Dividend Yield

102%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:50
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tai Hing Group Holdings Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Eun Jung Song	Nomura Securities Co. Ltd.
Emily Lee	Nomura Securities Co. Ltd.
Horg Wang Wong	Quam Securities Limited

6811 Stock Overview

Rewards

Risk Analysis

Tai Hing Group Holdings Limited Competitors

SEHK:52

HK$791.6m

SEHK:573

HK$441.2m

SEHK:538

HK$916.9m

SEHK:2217

HK$1.1b

Price History & Performance

Recent News & Updates

Tai Hing Group Holdings (HKG:6811) Has Announced That Its Dividend Will Be Reduced To HK$0.025

We Think Tai Hing Group Holdings' (HKG:6811) Solid Earnings Are Understated

Upcoming dividend of HK$0.025 per share

Consensus EPS estimates fall by 46%

Executive Chairman recently bought HK$162k worth of stock

First half dividend of announced

Recent updates

Tai Hing Group Holdings (HKG:6811) Has Announced That Its Dividend Will Be Reduced To HK$0.025

We Think Tai Hing Group Holdings' (HKG:6811) Solid Earnings Are Understated

Upcoming dividend of HK$0.025 per share

Consensus EPS estimates fall by 46%

Executive Chairman recently bought HK$162k worth of stock

First half dividend of announced

First half 2024 earnings released: EPS: HK$0.011 (vs HK$0.045 in 1H 2023)

Tai Hing Group Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 22 October 2024

Tai Hing Group Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024

Capital Allocation Trends At Tai Hing Group Holdings (HKG:6811) Aren't Ideal

Tai Hing Group Holdings Limited Approves to Declare A Special Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.07 per share

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 13%

Executive Chairman recently bought HK$156k worth of stock

Tai Hing Group Holdings Limited, Annual General Meeting, May 17, 2024

Tai Hing Group Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 20, 2024

Executive Chairman recently bought HK$365k worth of stock

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

First half 2023 earnings released: EPS: HK$0.045 (vs HK$0.052 loss in 1H 2022)

Upcoming dividend of HK$0.034 per share at 6.3% yield

New major risk - Revenue and earnings growth

First half 2023 earnings released: EPS: HK$0.045 (vs HK$0.052 loss in 1H 2022)

Tai Hing Group Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023

Now 21% undervalued after recent price drop

Tai Hing Group Holdings Limited Declares Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of HK$0.025 per share at 5.7% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Now 22% undervalued after recent price drop

Less than half of directors are independent

The Returns On Capital At Tai Hing Group Holdings (HKG:6811) Don't Inspire Confidence

Upcoming dividend of HK$0.025 per share

Tai Hing Group Holdings (HKG:6811) Will Pay A Dividend Of HK$0.025

Tai Hing Group Holdings (HKG:6811) Is Due To Pay A Dividend Of HK$0.025

First half 2022 earnings released: HK$0.052 loss per share (vs HK$0.033 profit in 1H 2021)

Tai Hing Group Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 03 November 2022

Tai Hing Group Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022

Tai Hing Group Holdings Limited Declares Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.05 per share

Tai Hing Group Holdings' (HKG:6811) Shareholders Will Receive A Smaller Dividend Than Last Year

Tai Hing Group Holdings' (HKG:6811) Dividend Will Be Reduced To HK$0.05

Tai Hing Group Holdings Limited Announces Change of Company Secretary

Tai Hing Group Holdings (HKG:6811) Is Reducing Its Dividend To HK$0.05

Less than half of directors are independent

Tai Hing Group Holdings Limited's (HKG:6811) P/E Is Still On The Mark Following 29% Share Price Bounce

Tai Hing Group Holdings' (HKG:6811) Dividend Is Being Reduced To HK$0.05

Full year 2021 earnings released: EPS: HK$0.099 (vs HK$0.12 in FY 2020)

Tai Hing Group Holdings Limited Proposes Final Cash Dividend for the Financial Year Ended December 31, 2021, Payable on June 23, 2022

Investor sentiment improved over the past week

Executive Chairman recently bought HK$66k worth of stock

Executive Chairman recently bought HK$130k worth of stock

Executive Chairman recently bought HK$68k worth of stock

Executive Chairman recently bought HK$69k worth of stock

Executive Chairman recently bought HK$69k worth of stock

Executive Chairman recently bought HK$77k worth of stock

Executive Director recently sold HK$159k worth of stock

Executive Chairman recently bought HK$83k worth of stock

Upcoming dividend of HK$0.025 per share