Tianli International Holdings Limited

1773.HK · Consumer Defensive · Education & Training Services · Valued as of 2026-11-04 · Statements 2025-08-31

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

1.80B USD

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

Profit

1.57B USD

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

FCFF

1.30B USD

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

Average Intrinsic Value

1.56B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

178.98M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

8.69×

the ratio the screener ranks by

Margin of Safety

+88.5%

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: 1.80B 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)2.02B USD
−②Net Debt Today349.72M USD
+③Growth Value124.90M USD
=Value1.80B USD

EPV of the Operations (NOPAT over WACC)

2.02B USD

Net debt today

-349.72M USD

Growth Value

+124.90M USD

Value

1.80B USD

①EPV (Earnings Power Value)

2.02B USD

②Net Debt Today

349.72M USD

③Growth Value

124.90M USD

Market value

Market Cap178.98M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+90.1%

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): 1.57B 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 FCFE908.71M USD
+②Equity at Year 15, Today660.34M USD
=Value1.57B 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

908.71M USD

②Equity at Year 15, Today

660.34M USD

Market value

Market Cap178.98M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+88.6%

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): 1.30B 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).
①Present Value of the 15 Years of FCFF884.37M USD
+②Invested Capital at Year 15, Today765.72M USD
−③Net Debt Today349.72M USD
=Value1.30B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

884.37M USD

②Invested Capital at Year 15, Today

765.72M USD

③Net Debt Today

349.72M USD

Market value

Market Cap178.98M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+86.2%

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: 4.14%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.30×Market Risk Premium 6.00%= 6.32%

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 27.07M USDPretax Income 117.77M USD= 22.99%

The tax the interest saves.

Interest Expense =EBIT 135.14M USD−Pretax Income 117.77M USD= 17.37M USD

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

Cost of Debt =Interest Expense 17.37M USDTotal Debt 416.85M USD×(1 − Tax Rate for WACC 22.99%)= 3.21%

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

Debt Weight =Total Debt 416.85M USDMarket Cap + Total Debt 178.98M USD + 416.85M USD= 69.96%

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

WACC =Equity Weight 30.04%×Cost of Equity 6.32%+Debt Weight 69.96%×Cost of Debt 3.21%= 4.14%

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, 2026-02-28.

Total Assets 1.47B USD − Total Liabilities 979.95M USD = Book Value Today 486.25M USD

Total Debt 416.85M USD − Cash and Short-Term Investments 67.13M USD = Net Debt Today 349.72M 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 − 1-3.1%at most 5%passes2,031,980,000 / 2,097,452,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets1.8%at least -10.0%passes(119.31M USD − 92.96M USD) ÷ 1.47B USD
Price to bookMarket Cap ÷ Book Value Today0.37×at most 3×passes178.98M USD ÷ 486.25M USD
Operating marginOperating Income ÷ Revenue24.9%above 10.0%passes125.21M USD ÷ 502.24M USD
Revenue growthRevenue ÷ Revenue a Year Before − 17.2%above 10.0%does not pass502.24M USD / 468.50M USD
Net cash(Cash − Total Debt) ÷ Market Cap-196.2%above -30%does not pass(65.74M USD − 416.85M USD) ÷ 178.98M USD
Operating efficiencyOperating Income ÷ Gross Profit73.7%above 25.0%passes125.21M USD ÷ 169.82M USD

Market Data

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

Share price

0.69 HKD

Enterprise value

3.81B HKD

the provider's own figure

EV / EBITDA

3.47×

Price / book

0.37×

the provider's book

Price / earnings

1.77×

Return on equity

24.0%

the provider's figure, not this page's

Profit margin

19.1%

Revenue growth

14.2%

Analyst target, mean

5.30 HKD

Analysts

1

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.

Income statement (USD)2022202320242025

Revenue

128.10M316.44M468.50M502.24M

Gross profit

42.52M107.04M157.86M169.82M

Operating income

21.51M69.70M112.74M125.21M

EBITDA

operating income before depreciation and amortisation

41.38M97.42M154.60M176.04M

Pretax income

18.16M61.01M104.46M117.77M

Net income

13.98M46.32M81.25M92.96M

Normalized income

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

13.21M45.70M78.30M82.96M

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

1.18B1.31B1.44B1.39B

Total liabilities

905.60M1.02B1.09B980.29M

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

268.22M284.58M348.85M416.67M

Total debt

191.54M262.77M357.36M383.47M

Cash and equivalents

134.69M206.39M190.31M135.08M

Net PP&E

fixed assets after depreciation

767.95M893.61M766.30M742.81M

Working capital

current assets less current liabilities

-232.99M-302.12M-344.00M-297.54M
Cash flow (USD)2022202320242025

Operating cash flow

106.68M134.09M116.68M119.31M

Capital expenditure

paid out, so below zero

-130.44M-82.43M-57.39M-56.48M

Depreciation and amortisation

19.24M27.82M38.05M40.90M

Free cash flow

operating cash flow plus capital expenditure

-23.76M51.65M59.29M62.83M