Time Interconnect Technology Limited

1729.HK · Industrials · Electrical Equipment & Parts · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

1.05B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

3.46B USD

15 years of cash the shareholders can take out, and the equity left at year 15

Profit is over 3× the larger of EPV and FCFF

FCFF

364.76M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.62B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

4.68B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.35×

the ratio the screener ranks by

Margin of Safety

-188.1%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 1.05B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.03B USD
−②Net Debt Today198.40M USD
+③Growth Value214.66M USD
=Value1.05B USD

EPV of the Operations (NOPAT over WACC)

1.03B USD

Net debt today

-198.40M USD

Growth Value

+214.66M USD

Value

1.05B USD

①EPV (earnings power value)

1.03B USD

②Net Debt Today

198.40M USD

③Growth Value

214.66M USD

Market value

Market Cap4.68B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-347.6%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 3.46B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE2.27B USD
+②Equity at Year 15, Today1.20B USD
=Value3.46B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

2.27B USD

②Equity at Year 15, Today

1.20B USD

Market value

Market Cap4.68B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-35.2%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 364.76M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 364.76M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap4.68B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-1182.8%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.81%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.79×Market Risk Premium 6.00%= 9.23%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 17.59M USDPretax Income 118.40M USD= 14.86%

The tax the interest saves.

Interest Expense =EBIT 126.08M USD−Pretax Income 118.40M USD= 7.68M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 7.68M USDTotal Debt 297.09M USD×(1 − Tax Rate for WACC 14.86%)= 2.20%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 297.09M USDMarket Cap + Total Debt 4.68B USD + 297.09M USD= 5.97%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 94.03%×Cost of Equity 9.23%+Debt Weight 5.97%×Cost of Debt 2.20%= 8.81%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2025-12-31.

Total Assets 1.18B USD − Total Liabilities 815.47M USD = Book Value Today 364.76M USD

Total Debt 297.09M USD − Cash and Short-Term Investments 98.69M USD = Net Debt Today 198.40M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 11.9%at most 5%passes1,981,965,404 / 1,945,952,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-1.3%at least -10.0%passes(85.49M USD − 100.82M USD) ÷ 1.18B USD
Price to bookMarket Cap ÷ Book Value Today12.83×at most 3×does not pass4.68B USD ÷ 364.76M USD
Operating marginOperating Income ÷ Revenue7.0%above 10.0%does not pass112.33M USD ÷ 1.60B USD
Revenue growthRevenue ÷ Revenue a Year Before − 167.6%above 10.0%passes1.60B USD / 952.68M USD
Net cash(Cash − Total Debt) ÷ Market Cap-4.2%above -30%passes(98.69M USD − 297.09M USD) ÷ 4.68B USD
Operating efficiencyOperating Income ÷ Gross Profit59.4%above 25.0%passes112.33M USD ÷ 188.97M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

16.44 HKD

Enterprise value

35.86B HKD

the provider's own figure

EV / EBITDA

23.59×

Price / book

4.45×

the provider's book

Price / earnings

27.37×

Return on equity

25.5%

the provider's figure, not this page's

Profit margin

7.4%

Revenue growth

107.4%

Analyst target, mean

29.73 HKD

Analysts

2

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

459.14M735.15M952.68M1.60B

Gross profit

75.21M79.66M139.62M188.97M

Operating income

34.28M40.53M75.14M112.33M

EBITDA

operating income before depreciation and amortisation

44.14M51.53M93.15M152.74M

Pretax income

29.78M32.68M71.25M118.40M

Net income

21.51M27.44M59.85M100.82M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

21.67M28.61M58.58M101.68M

R&D

15.52M14.02M30.03M34.22M
Balance sheet, year end

Total assets

407.04M778.78M621.79M1.18B

Total liabilities

271.04M632.88M413.49M815.47M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

134.43M144.40M206.91M363.68M

Total debt

143.36M431.17M186.57M297.09M

Cash and equivalents

28.25M36.73M54.91M98.69M

Net PP&E

fixed assets after depreciation

150.16M157.05M130.43M221.77M

Working capital

current assets less current liabilities

38.00M76.02M83.69M141.06M
Cash flow

Operating cash flow

26.97M-184.65M135.12M85.49M

Capital expenditure

paid out, so below zero

-7.59M-27.22M-23.17M-18.91M

Depreciation and amortisation

9.44M11.73M12.45M26.66M

Free cash flow

operating cash flow plus capital expenditure

19.37M-211.87M111.95M66.58M