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Tai Ping Carpets International Limited logo

Tai Ping Carpets International Limited

0146.HK

HKSEConsumer CyclicalApparel - Manufacturers

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Latest quote

HK$1.44

−HK$0.005 · -0.35%

Aug 24, 3:55 PM HKT

0146.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Tai Ping Carpets International Limited is engaged in the design, manufacturing, and worldwide distribution of floor coverings, serving markets across Asia, Europe, the Middle East, the United States, and Africa. The company's operations also include the production and sale of yarns, as well as specialized yarn dyeing services. Its premium products are supplied to an exclusive clientele, featuring luxury residential projects, private yachts and jets, high-end retail boutiques, corporate offices, and prestigious hotels and resorts. Founded in 1956, the firm maintains its headquarters in Cheung Sha Wan, Hong Kong.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Mark Stuart Worgan
Listed since
Jan 5, 2000
Employees
753

Market position

52-week range

Current HK$1.44

Open
HK$1.44
Previous close
HK$1.445
Volume
110K
8.94× average
Average volume
12.31K
Average daily volume
Market cap
305.55M HKD
Beta
0.21
Market reference 1
50-day average
HK$1.5022
-4.14% below average
200-day average
HK$1.6993
-15.26% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
151.35M HKD
P/E (TTM)
7.47×
P/B (TTM)
0.64×
P/S (TTM)
0.46×
EV / EBITDA
2.2×
Earnings yield
14.23%
Free cash flow yield
29.22%
Dividend yield
8.33%

Profitability & efficiency

Gross margin
60.94%
Operating margin
6.53%
Net margin
6.33%
Return on equity
9.13%
Return on assets
5.01%
Return on invested capital
6.70%

Financial health

Debt / equity
0.26×
Current ratio
1.54×
Altman Z-score
2.94
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends68%44%21%-2%Gross margin, FY2020: 58.19%Gross margin, FY2021: 56.68%Gross margin, FY2022: 59.93%Gross margin, FY2023: 61.70%Gross margin, FY2024: 60.97%Operating margin, FY2020: 3.97%Operating margin, FY2021: 4.82%Operating margin, FY2022: 6.65%Operating margin, FY2023: 7.12%Operating margin, FY2024: 7.74%Net margin, FY2020: 3.46%Net margin, FY2021: 4.33%Net margin, FY2022: 6.40%Net margin, FY2023: 6.58%Net margin, FY2024: 6.65%FY2020FY2021FY2022FY2023FY2024
Gross margin FY2020 58.19%. Gross margin FY2021 56.68%. Gross margin FY2022 59.93%. Gross margin FY2023 61.70%. Gross margin FY2024 60.97%. Operating margin FY2020 3.97%. Operating margin FY2021 4.82%. Operating margin FY2022 6.65%. Operating margin FY2023 7.12%. Operating margin FY2024 7.74%. Net margin FY2020 3.46%. Net margin FY2021 4.33%. Net margin FY2022 6.40%. Net margin FY2023 6.58%. Net margin FY2024 6.65%.

Income trends

Revenue

658.81M HKD+2.90%

Operating income

50.98M HKD+11.91%

Net income

43.78M HKD+3.96%
Income trends across reported periods723.03M HKD466.16M HKD209.29M HKD−47.58M HKDRevenue, FY2020: 481.38M HKDRevenue, FY2021: 583.66M HKDRevenue, FY2022: 600.6M HKDRevenue, FY2023: 640.22M HKDRevenue, FY2024: 658.81M HKDOperating income, FY2020: 19.12M HKDOperating income, FY2021: 28.14M HKDOperating income, FY2022: 39.93M HKDOperating income, FY2023: 45.56M HKDOperating income, FY2024: 50.98M HKDNet income, FY2020: 16.63M HKDNet income, FY2021: 25.28M HKDNet income, FY2022: 38.42M HKDNet income, FY2023: 42.11M HKDNet income, FY2024: 43.78M HKDFY2020FY2021FY2022FY2023FY2024
Revenue FY2020 481.38M HKD. Revenue FY2021 583.66M HKD. Revenue FY2022 600.6M HKD. Revenue FY2023 640.22M HKD. Revenue FY2024 658.81M HKD. Operating income FY2020 19.12M HKD. Operating income FY2021 28.14M HKD. Operating income FY2022 39.93M HKD. Operating income FY2023 45.56M HKD. Operating income FY2024 50.98M HKD. Net income FY2020 16.63M HKD. Net income FY2021 25.28M HKD. Net income FY2022 38.42M HKD. Net income FY2023 42.11M HKD. Net income FY2024 43.78M HKD.
Metric (HKD)FY2024FY2023FY2022FY2021FY2020
Revenue658.81M HKD640.22M HKD600.6M HKD583.66M HKD481.38M HKD
Cost of goods sold257.16M HKD245.2M HKD240.68M HKD252.84M HKD201.28M HKD
Gross profit401.65M HKD395.01M HKD359.91M HKD330.82M HKD280.1M HKD
Selling, general, and administrative354.69M HKD347.01M HKD326.51M HKD309.97M HKD262.11M HKD
Operating expenses350.67M HKD349.46M HKD319.99M HKD302.68M HKD262.11M HKD
Interest income2.16M HKD6.49M HKD3.49M HKD1.16M HKD927K HKD
Interest expense—4.26M HKD3.41M HKD2.92M HKD3.5M HKD
Depreciation and amortization17.89M HKD44.52M HKD47.39M HKD51.77M HKD58.13M HKD
Operating income50.98M HKD45.56M HKD39.93M HKD28.14M HKD19.12M HKD
Net income43.78M HKD42.11M HKD38.42M HKD25.28M HKD16.63M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.09

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.20.140.070.01Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 0.01, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 0.109, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 15, 2023: actual 0.019, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 22, 2023: actual 0.162, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 24, 2024: actual 0.105, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 20, 2024: actual 0.094, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 19, 2025: actual 0.102, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 0.093, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates360.64M314.77M268.89M223.01MQ4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 236.88M HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 346.77M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 15, 2023: actual 265.15M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 22, 2023: actual 335.45M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 24, 2024: actual 306.42M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 20, 2024: actual 333.8M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 19, 2025: actual 308.36M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 309.48M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.12

2025 complete year+300.0% since 2021

Corporate action history

Dividend

Ex-dividend Dec 9, 2025

HK$0.12

Annual

Record Dec 11, 2025 · Payment Dec 30, 2025

Dividend

Ex-dividend Dec 10, 2024

HK$0.12

Annual

Record Dec 12, 2024 · Payment Dec 30, 2024

Dividend

Ex-dividend Dec 11, 2023

HK$0.09

Annual

Record Dec 12, 2023 · Payment Dec 29, 2023

Dividend

Ex-dividend Dec 13, 2022

HK$0.06

Annual

Record Dec 14, 2022 · Payment Dec 30, 2022

Dividend

Ex-dividend Nov 17, 2021

HK$0.03

Annual

Record Nov 18, 2021 · Payment Dec 17, 2021

Dividend

Ex-dividend Oct 20, 2017

HK$1.70

Special

Record Oct 23, 2017 · Payment Nov 7, 2017

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