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Hong Kong jewelry retailer selling gold and gem-set jewelry through owned and franchised stores in Greater China.
Hong Kong jewelry retailer selling gold and gem-set jewelry through owned and franchised stores in Greater China.
Gold jewelry is priced mainly by weight on the day plus a making charge, so sales move with the gold price and gift spending, while gem-set pieces carry a higher markup. Mainland China franchisees pay for the brand, helping it expand without owning every store. The Chow family controls it.
In one line: A HK jewelry chain, similar to Luk Fook/a smaller Signet Jewelers.
Moat: narrow (brand, distribution). Long-established jewelry brand with owned manufacturing and mainland franchise network.
Headquarters: Hong Kong · Founded: 1934 · Employees: 9,974
Size Chow Sang Sang Holdings International (0116.HK) is a Hong Kong Consumer Discretionary company (Specialty Stores) with a market value of $1.13B, the 571st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.17 on 6 Nov 2026.
Performance Over six months the shares gained 6.5%, against -8.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 16.2% over the last twelve months (peer median +5.6%); the operating margin is 20.2% (peer median 4.2%).
Valuation It trades at 3.1× forward earnings against a peer median of 16.1× (cheapest of 17).
Capital Return on invested capital runs 12.2 points above its cost of capital (6.6% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$24.3B | HK$22.4B | HK$21.2B | HK$25.0B | HK$20.6B |
| Revenue growth | — | +6% | -15% | +22% | — |
| Gross profit | HK$9.73B | HK$9.03B | HK$6.91B | HK$7.14B | HK$5.54B |
| EBITDA | HK$5.71B | HK$5.15B | HK$2.91B | HK$2.86B | HK$1.74B |
| Net income | HK$2.97B | HK$1.72B | HK$806M | HK$1.01B | HK$452M |
| Free cash flow | HK$1.73B | HK$465M | HK$1.57B | HK$1.68B | -HK$370M |
| Capital expenditure | HK$173M | HK$150M | HK$233M | HK$487M | HK$406M |
| Total debt | n/a | HK$8.27B | HK$5.96B | HK$5.62B | HK$5.62B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chow Sang Sang Holdings International 0116.HK | $1.13B | +7% | +16% | 20% | 3.1× | n/a |
| Chow Tai Fook 1929.HK | $15.0B | +3% | +5% | 19% | 11.3× | -8.1% |
| Luk Fook Holdings (International) 0590.HK | $1.58B | -9% | +29% | 20% | 6.1× | n/a |
| Signet Jewelers SIG | $4.37B | +34% | +1% | 7% | 9.4× | -1.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0116.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | +1.3% | 10th lowest of 21 |
| 6-month return | +6.5% | -8.0% | 6th highest of 20 |
| Distance from 52-week high | -21.1% | -28.4% | 8th highest of 21 |
| Revenue growth (TTM) | +16.2% | +5.6% | 6th highest of 21 |
| Operating margin | 20.2% | 4.2% | 2nd highest of 20 |
| Forward P/E | 3.1× | 16.1× | cheapest of 17 |
| ROIC minus cost of capital | +12.2 pp | +3.2 pp | 3rd highest of 19 |
| EV / EBITDA | 2.5× | 8.4× | cheapest of 12 |
| Net debt / EBITDA | 1.0× | 1.9× | 8th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chow Sang Sang Holdings International 0116.HK | Hong Kong | $1.13B | +7% | +16% | 20% | 3.1× | n/a | n/a |
| TUHU Car 9690.HK | Hong Kong | $1.14B | -13% | +16% | 0% | 21.3× | -17.8% | +12.7% |
| Apotea APOTEA.ST | Sweden | $1.11B | +42% | +9% | 4% | 37.2× | 7.9% | +9.4% |
| Bluestone Jewellery and Lifestyle BLUESTONE.NS | India | $1.15B | +41% | +38% | 9% | 132.9× | n/a | n/a |
| Sinomach Automobile 600335.SS | China | $1.16B | -14% | -11% | 2% | n/a | -10.9% | -4.2% |
| MarineMax HZO | United States | $1.16B | +21% | -6% | 2% | 32.8× | n/a | n/a |
| FIYTA Precision Technology 000026.SZ | China | $1.05B | +1% | +2% | n/a | 52.4× | 5.3% | -3.8% |
| Pet Valu PET.TO | Canada | $1.03B | +6% | +6% | 16% | 13.0× | -3.5% | +12.6% |
| Kidswant Digital Technology 301078.SZ | China | $1.24B | -25% | +5% | 5% | 21.8× | -0.6% | +4.2% |
| Nextage 3186.T | Japan | $1.25B | -26% | +24% | 4% | 11.2× | -0.1% | +22.0% |
| Chengdu Fusen Noble-House Industrial 002818.SZ | China | $1.26B | -8% | -22% | 42% | 11.2× | -2.7% | -1.0% |
| Rusta RUSTA.ST | Sweden | $1.28B | -17% | +8% | 8% | 18.7× | 2.5% | +7.3% |
| SILICON 2 257720.KS | South Korea | $1.30B | -39% | +55% | 19% | 7.2× | -14.8% | +62.2% |
| Douglas DOU.DE | Germany | $976M | -7% | +1% | 4% | 6.7× | -1.1% | +7.6% |
| Bilia BILI-A.ST | Sweden | $1.37B | +9% | +1% | 3% | 14.6× | 0.9% | +6.0% |
| Sun Art Retail 6808.HK | Hong Kong | $1.37B | -24% | -10% | 0% | n/a | 1.6% | -9.4% |
| CEWE Stiftung & Co. KGaA CWC.DE | Germany | $926M | +11% | +4% | 11% | 10.1× | -2.3% | +3.5% |
| P N Gadgil Jewellers PNGJL.NS | India | $919M | -17% | +51% | 6% | 15.9× | n/a | n/a |
| Itochu Enex 8133.T | Japan | $1.41B | +3% | +2% | 3% | n/a | -7.1% | +2.9% |
| National Vision EYE | United States | $1.42B | -22% | +8% | 4% | 16.3× | 15.6% | +3.0% |
| Augmont Enterprises AUGMONT.NS | India | $892M | n/a | +42% | 0% | n/a | n/a | n/a |