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Hong Kong-based global maker of micro electric motors and motion subsystems used in cars, appliances and industrial equipment.
Hong Kong-based global maker of micro electric motors and motion subsystems used in cars, appliances and industrial equipment.
Designs motors into customers' products years before launch, then ships them in large volumes for the life of the model, mostly for cars. The Wang family founded it and remains the controlling shareholder. Manufacturing is largely in China, with sites in Europe and the Americas.
In one line: A global, motor-focused version of a Tier-2 auto/appliance supplier.
Moat: narrow (scale, switching costs, installed base). World's largest micromotor maker with deep OEM design-in relationships across auto and appliance customers.
Headquarters: Hong Kong · Founded: 1959 · Employees: 30,000
Size Johnson Electric (0179.HK) is a Hong Kong Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.56B, the 482nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.23 on 6 Nov 2026.
Performance Over six months the shares fell 52.8%, against -17.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +7.4%); the operating margin is 8.4% (peer median 4.8%).
Valuation It trades at 10.8× forward earnings against a peer median of 13.4× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points above its cost of capital (8.3% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$28.5B | HK$28.5B | HK$28.4B | HK$29.8B | HK$28.6B |
| Revenue growth | — | 0% | -5% | +4% | — |
| Gross profit | HK$6.33B | HK$6.33B | HK$6.42B | HK$6.32B | HK$5.14B |
| EBITDA | HK$4.54B | HK$4.54B | HK$4.79B | HK$4.34B | HK$3.11B |
| Net income | HK$1.58B | HK$1.58B | HK$2.05B | HK$1.79B | HK$1.24B |
| Free cash flow | HK$1.68B | HK$1.68B | HK$2.22B | HK$3.26B | HK$1.66B |
| Capital expenditure | HK$2.24B | HK$2.24B | HK$1.54B | HK$1.46B | HK$1.79B |
| Total debt | n/a | HK$3.01B | HK$3.30B | HK$4.97B | HK$4.45B |
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 |
|---|---|---|---|---|---|---|
| Johnson Electric 0179.HK | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
| Mabuchi Motor 6592.T | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
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 | 0179.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.0% | -4.9% | lowest of 21 |
| 6-month return | -52.8% | -17.6% | lowest of 21 |
| Distance from 52-week high | -65.2% | -40.3% | lowest of 21 |
| Revenue growth (TTM) | +0.2% | +7.4% | 7th lowest of 21 |
| Operating margin | 8.4% | 4.8% | 8th highest of 21 |
| Forward P/E | 10.8× | 13.4× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -16.4% | -4.6% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +3.1% | +8.8% | 2nd lowest of 16 |
| Hurdle (Req g minus delivered) | -19.5 pp | -12.6 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | +2.4 pp | +0.3 pp | 8th highest of 21 |
| EV / EBITDA | 1.9× | 6.8× | cheapest of 14 |
| Net debt / EBITDA | -0.9× | 0.9× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Johnson Electric 0179.HK | Hong Kong | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% | +3.1% |
| Gentherm THRM | United States | $1.55B | -7% | +9% | 5% | 9.8× | 21.7% | +10.4% |
| Tokai Rika 6995.T | Japan | $1.57B | 0% | +5% | 5% | 9.9× | -4.6% | +7.9% |
| Slcorp 005850.KS | South Korea | $1.54B | -25% | +10% | 8% | 5.7× | -19.7% | +15.9% |
| OPmobility OPM.PA | France | $1.51B | -42% | -3% | 4% | 8.2× | -8.1% | +7.6% |
| Dn Automotive 007340.KS | South Korea | $1.46B | -20% | +17% | 15% | n/a | -16.2% | +35.6% |
| Lumax Auto Technologies LUMAXTECH.NS | India | $1.68B | +36% | +33% | 10% | 37.2× | 34.9% | +34.5% |
| Ningbo Zhongda Leader Intelligent Transmission 002896.SZ | China | $1.69B | -18% | +22% | 4% | 132.1× | n/a | n/a |
| CIE Automotive India CIEINDIA.NS | India | $1.42B | -26% | +12% | 11% | 12.2× | 8.6% | +9.2% |
| SEDEMAC Mechatronics SEDEMAC.NS | India | $1.42B | +56% | +61% | 15% | 73.8× | n/a | n/a |
| Lingyun Industrial 600480.SS | China | $1.41B | -25% | +3% | 5% | 17.1× | -12.3% | +8.0% |
| Nexteer Automotive 1316.HK | Hong Kong | $1.40B | -14% | +6% | 4% | 8.5× | -13.5% | +8.7% |
| Zhuzhou Times New Materials Technology 600458.SS | China | $1.39B | -17% | +1% | 2% | 14.7× | n/a | n/a |
| Gestamp Automocion GEST.MC | Spain | $1.77B | -13% | -3% | 5% | 7.3× | -5.7% | +8.8% |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
| Shuanglin 300100.SZ | China | $1.80B | -27% | -11% | 4% | 32.6× | 25.5% | +8.9% |
| Jiangsu Bojun Industrial Technology 300926.SZ | China | $1.35B | -31% | +54% | 13% | 9.0× | n/a | n/a |
| Minda MINDACORP.NS | India | $1.80B | +33% | +33% | 8% | 37.6× | 32.0% | +21.3% |
| Tenneco Clean Air India TENNIND.NS | India | $1.81B | -35% | +22% | 14% | 24.9× | 14.4% | +3.8% |
| Shanghai Aerospace Automobile Electromechanical 600151.SS | China | $1.83B | -41% | -19% | -10% | n/a | 34.7% | -9.9% |
| Kunshan Huguang Auto Harness 605333.SS | China | $1.32B | -16% | -2% | 2% | 31.8× | n/a | n/a |