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Employees: 2,200
Size Sa Sa International (0178.HK) is a Hong Kong Consumer Discretionary company (Specialty Stores) with a market value of $536M, the 740th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.35 on 6 Nov 2026.
Performance Over six months the shares gained 47.3%, against -8.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +9.7%); the operating margin is 5.1% (peer median 3.2%).
Valuation It trades at 12.7× forward earnings against a peer median of 10.0× (6th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.0 points above its cost of capital (8.2% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$4.38B | HK$4.38B | HK$3.84B | HK$4.37B | HK$3.50B |
| Revenue growth | — | +14% | -12% | +25% | — |
| Gross profit | HK$1.26B | HK$1.26B | HK$1.12B | HK$1.41B | HK$1.06B |
| EBITDA | HK$636M | HK$636M | HK$525M | HK$631M | HK$256M |
| Net income | HK$200M | HK$200M | HK$77.0M | HK$219M | HK$58.2M |
| Free cash flow | HK$593M | HK$593M | HK$459M | HK$522M | HK$432M |
| Capital expenditure | HK$57.3M | HK$57.3M | HK$59.3M | HK$68.6M | HK$59.4M |
| Total debt | n/a | HK$535M | HK$659M | HK$692M | HK$596M |
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.
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 | 0178.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.9% | -0.7% | 4th highest of 21 |
| 6-month return | +47.3% | -8.8% | 2nd highest of 20 |
| Distance from 52-week high | -2.9% | -36.8% | highest of 21 |
| Revenue growth (TTM) | +11.2% | +9.7% | 10th highest of 21 |
| Operating margin | 5.1% | 3.2% | 10th highest of 21 |
| Forward P/E | 12.7× | 10.0× | 6th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 3.1% | -1.0% | 6th most demanding of 12 |
| Growth delivered (Del g) | +7.6% | +11.7% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -4.5 pp | -7.0 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +6.0 pp | +0.8 pp | 6th highest of 21 |
| EV / EBITDA | 6.7× | 10.0× | 4th cheapest of 11 |
| Net debt / EBITDA | 0.1× | 2.1× | 6th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sa Sa International 0178.HK | Hong Kong | $536M | +47% | +11% | 5% | 12.7× | 3.1% | +7.6% |
| Pan German Universal Motors 2247.TW | Taiwan | $532M | +2% | -22% | 3% | 8.4× | -8.1% | +5.4% |
| Sunny Loan Top 600830.SS | China | $531M | -21% | +11% | 35% | n/a | n/a | n/a |
| Matas A/S MATAS.CO | Denmark | $542M | -19% | +4% | 6% | 8.6× | -1.0% | +16.1% |
| Cortina C41.SI | Singapore | $519M | +6% | +9% | 10% | n/a | -16.5% | +17.5% |
| Musti MUSTI.HE | Finland | $558M | -9% | -8% | 1% | 11.4× | 40.3% | +12.3% |
| ME Group International MEGP.L | United Kingdom | $568M | -17% | +1% | 25% | 8.3× | -11.6% | +11.1% |
| Honest HNST | United States | $501M | +41% | -12% | -2% | 75.7× | 3.8% | +4.3% |
| EVgo EVGO | United States | $576M | -7% | +31% | -27% | n/a | n/a | n/a |
| MoneyMax Financial Services 5WJ.SI | Singapore | $499M | -56% | +39% | 26% | 6.3× | n/a | n/a |
| BYBON 300736.SZ | China | $495M | -4% | -36% | -8% | n/a | n/a | n/a |
| Temple & Webster TPW.AX | Australia | $494M | +23% | +11% | 1% | 44.3× | 48.2% | +15.3% |
| ZJAMP 002758.SZ | China | $585M | -18% | +23% | 2% | n/a | n/a | n/a |
| Wakefit Innovations WAKEFIT.NS | India | $484M | +4% | +17% | 6% | 40.9× | 31.0% | +22.4% |
| Outlet OUTLT.OL | Norway | $481M | n/a | +12% | 15% | n/a | -5.1% | n/a |
| IDOM 7599.T | Japan | $601M | -28% | +17% | 3% | 8.5× | -6.7% | +8.1% |
| Camping World CWH | United States | $474M | -39% | -6% | 2% | 25.8× | 19.5% | +3.2% |
| AutoCanada ACQ.TO | Canada | $468M | +26% | 0% | 2% | 13.9× | n/a | n/a |
| D. P. Abhushan DPABHUSHAN.NS | India | $468M | +79% | +31% | 8% | n/a | n/a | n/a |
| Star Plus Legend 6683.HK | Hong Kong | $460M | -30% | -48% | -52% | n/a | n/a | n/a |
| ValueMax T6I.SI | Singapore | $631M | -21% | +32% | 20% | 6.7× | n/a | n/a |