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← CockpitCompetitor Analysis › 0173.HK K. Wah International Holdings LimitedOpen in the cockpit ↗

K. Wah International Holdings Limited0173.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Real Estate›Real Estate Development
Momentum neutral 51
Mkt cap
$740M
US dollars, full cap
Free float
27%
of shares outstanding
$/day
$195,742
20-day average traded
Fwd P/E
61.3×
forward earnings
ROIC−WACC
n/a
WACC 5.7%
Hurdle
n/a
no reverse DCF
Next earnings
137 days
23 Mar 2027
Close · HKDHK$1.84
1D0.0%
1W+1.1%
1M-0.5%
3M-8.5%
6M-21.0%
YTD-12.4%
1Y-18.6%
ATR %2.2%
52w lowhigh35.9% off high

What K. Wah International does

Employees: 732

K. Wah International at a glance

Size K. Wah International (0173.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $740M, the 665th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.84 on 6 Nov 2026.

Performance Over six months the shares fell 21.0%, against -13.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th lowest of 20 in its peer set.

Growth Revenue fell 16.5% over the last twelve months (peer median +7.1%); the operating margin is 0.4% (peer median 10.7%).

Valuation It trades at 61.3× forward earnings against a peer median of 23.9× (most expensive of 12).

Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 870173.HK 78
Six months, rebased to 100: K. Wah International against the median of its 20 peers (local-currency closes).

K. Wah International financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$5.87BHK$1.99BHK$7.19BHK$6.10BHK$8.79B
Revenue growth—-72%+18%-31%—
Gross profitHK$482MHK$4.54MHK$1.36BHK$2.02BHK$2.67B
EBITDAHK$60.9M-HK$413MHK$843MHK$1.44BHK$2.13B
Net income-HK$904M-HK$869MHK$335MHK$802MHK$1.37B
Free cash flowHK$1.30BHK$35.4MHK$3.28B-HK$149MHK$6.74B
Capital expenditureHK$10.1MHK$10.1MHK$4.66MHK$37.0MHK$4.76M
Total debtn/aHK$13.7BHK$14.6BHK$15.2BHK$14.9B

Quarterly statements and history in the cockpit →

K. Wah International competitor charts

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.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%-10%0%WARN0023443316000011000718000863EMBDLFRENUOS9347MAHLIFEPLAZ-BIBULLSLTD600603Z253009170000360022850173.HK6-month return →1-month return →
Up and to the right = strong over both horizons. K. Wah International is the large dot.

Fundamentals: revenue growth against valuation

0%+250%+500%+750%0×20×40×60×WARN0023443316FRENARHMAHLIFEZ253009170000360022850173.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. K. Wah International is the large dot.

K. Wah International competitors and peer comparison

How K. Wah International compares with its peers

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.

K. Wah International against its 20 peers (data as of 6 Nov 2026)
Measure0173.HKPeer medianRank in peer set
1-month return-0.5%-6.2%6th highest of 21
6-month return-21.0%-13.6%6th lowest of 20
Distance from 52-week high-35.9%-27.4%8th lowest of 21
Revenue growth (TTM)-16.5%+7.1%6th lowest of 21
Operating margin0.4%10.7%6th lowest of 21
Forward P/E61.3×23.9×most expensive of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
K. Wah International 0173.HKHong Kong$740M-21%-17%0%61.3×n/an/a
Warteck Invest WARN.SWSwitzerland$741M-3%+7%73%23.9×n/an/a
Haining China Leather Market 002344.SZChina$744M-14%-1%7%56.9×n/an/a
Binjiang Service 3316.HKHong Kong$734M-14%+14%17%7.8×n/an/a
Shenzhen Properties & Resources Development (Group) 000011.SZChina$733M+11%-16%3%n/an/an/a
Suning Universal 000718.SZChina$754M-16%-23%-3%n/an/an/a
Sanxiang Impression 000863.SZChina$722M-16%+48%-31%n/an/an/a
Embassy Developments EMBDL.NSIndia$760M-26%-60%-48%n/an/an/a
Fundamenta Real Estate FREN.SWSwitzerland$716M-1%+3%71%24.4×n/an/a
United Overseas Australia UOS.AXAustralia$765M-10%+13%37%n/an/an/a
NIPPON KANZAI 9347.TJapan$714M+4%+7%6%n/an/an/a
Archicom ARH.WAPoland$773M-2%+70%16%7.4×n/an/a
Mahindra Lifespace Developers MAHLIFE.NSIndia$706M-10%+839%0%24.2×n/an/a
Platzer Fastigheter PLAZ-B.STSweden$776M-12%+1%74%9.2×n/an/a
Indiabulls IBULLSLTD.NSIndia$704M+48%+86%32%n/an/an/a
Robyg ROB.WAPoland$779Mn/a+63%15%n/an/an/a
Guanghui Logistics 600603.SSChina$780M-23%-24%13%n/an/an/a
Yanlord Land Z25.SISingapore$696M-40%-55%8%11.5×n/an/a
Shenzhen SDG Service 300917.SZChina$695M-19%+7%5%30.1×n/an/a
China Union 000036.SZChina$693M-41%+80%23%47.0×n/an/a
Shenzhen WorldUnion 002285.SZChina$693M-25%-22%-21%0.9×n/an/a

Questions

Which companies are K. Wah International's closest peers?
The cockpit's peer set: Warteck Invest (WARN.SW), Haining China Leather Market (002344.SZ), Binjiang Service (3316.HK), Shenzhen Properties & Resources Development (Group) (000011.SZ), Suning Universal (000718.SZ), Sanxiang Impression (000863.SZ), Embassy Developments (EMBDL.NS), Fundamenta Real Estate (FREN.SW).
Is K. Wah International expensive compared with its peers?
On forward p/e it trades at 61.3× against a peer median of 23.9×, most expensive of 12 in its peer set.
How has K. Wah International stock performed?
Over six months to 6 Nov 2026 the shares returned -21.0% against -13.6% for the median peer; over one year -18.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.