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← CockpitCompetitor Analysis › 0289.HK Wing On Co. International Ltd.Open in the cockpit ↗

Wing On Co. International Ltd.0289.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Consumer Discretionary›Department Stores
Momentum neutral 55
Mkt cap
$457M
US dollars, full cap
Free float
36%
of shares outstanding
$/day
$56,654
20-day average traded
P/B
0.22×
price to book
ROE
-1.6%
delivered
Implied ROE
3.6%
what the price asks
Close · HKDHK$12.46
1D+0.9%
1W-0.9%
1M-2.4%
3M-7.3%
6M-16.4%
YTD-10.4%
1Y-8.9%
ATR %1.2%
52w lowhigh20.1% off high

What Wing On Co. International does

Employees: 499

Wing On Co. International at a glance

Size Wing On Co. International (0289.HK) is a Hong Kong Consumer Discretionary company (Department Stores) with a market value of $457M, the 782nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$12.46 on 6 Nov 2026.

Performance Over six months the shares fell 16.4%, against -13.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 1.8% over the last twelve months (peer median -5.5%); the operating margin is 16.1% (peer median 3.0%).

Valuation It trades at 0.22× book value against a peer median of 1.58× (cheapest of 21).

Price implies The share price implies a return on equity of about 3.6%; Wing On Co. International delivers -1.6%, so the price asks more than the business earns today.

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 870289.HK 83
Six months, rebased to 100: Wing On Co. International against the median of its 20 peers (local-currency closes).

Wing On Co. International financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$866MHK$852MHK$946MHK$1.06BHK$1.04B
Revenue growth—-10%-10%+1%—
Gross profitHK$258MHK$254MHK$332MHK$424MHK$609M
EBITDAHK$190MHK$190MHK$264MHK$370MHK$366M
Net income-HK$272M-HK$330M-HK$919MHK$123M-HK$301M
Free cash flowHK$432MHK$766MHK$400MHK$493MHK$140M
Capital expenditureHK$99.6MHK$87.3MHK$90.4MHK$47.6MHK$15.9M
Total debtn/aHK$19.8MHK$96.2MHK$53.4MHK$20.8M

Quarterly statements and history in the cockpit →

Wing On Co. 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

-20%0%-20%0%600857002561600280SHOPERSTOP824400071560310160071260085826530021876008386010100006790004176008654522600289.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Wing On Co. International is the large dot.

Fundamentals: return on equity against price-to-book

-40%-20%0%00×50×100×150×600857002561600280SHOPERSTOP82440007156031016007126008246008386010100006790289.HKReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Wing On Co. International is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%100%-50%0%50%100%600857002561600280SHOPERSTOP82446031010006790289.HKROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Wing On Co. International is the large dot.

Wing On Co. International competitors and peer comparison

How Wing On Co. 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.

Wing On Co. International against its 20 peers (data as of 6 Nov 2026)
Measure0289.HKPeer medianRank in peer set
1-month return-2.4%-2.5%10th highest of 21
6-month return-16.4%-13.1%8th lowest of 21
Return on equity-1.6%1.1%7th lowest of 21
Price / book0.22×1.58×cheapest of 21
ROE the price implies3.6%8.0%2nd least demanding of 21
ROE delivered-1.6%1.1%7th lowest of 21
Net debt / EBITDA-25.5×4.4×least indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Wing On Co. International 0289.HKHong Kong$457M-16%-2%-2%0.22×3.6%-1.6%
Ningbo Zhongbai 600857.SSChina$444M+4%-56%-1%3.47×24.3%-1.2%
Shanghai Xujiahui Commercial 002561.SZChina$436M-14%-6%-2%1.36×8.8%-2.1%
Nanjing Central Emporium (Group) Stocks 600280.SSChina$480M-9%-10%-105%17.18×128.9%-104.8%
Shoppers Stop SHOPERSTOP.NSIndia$428M+2%+9%-4%14.29×120.5%-4.0%
Kintetsu Department Store 8244.TJapan$491M+16%-1%5%1.62×5.8%5.2%
Zhongxing Shenyang Commercial Building 000715.SZChina$423M-13%-6%6%1.38×5.5%5.6%
Xinjiang Winka Times Department Store 603101.SSChina$502M-36%+5%9%2.20×13.9%9.1%
Changsha Tongcheng 000419.SZChina$399M-16%-21%3%0.77×4.1%3.2%
Nanning Department Store 600712.SSChina$393M-24%-24%-3%3.46×18.0%-3.4%
INZONE 600858.SSChina$376M-17%-2%1%0.92×4.1%1.3%
Shanghai Yimin Commercial 600824.SSChina$572M-12%-12%-1%1.63×8.9%-1.5%
AEON Kyushu 2653.TJapan$597M-3%+3%5%1.55×7.1%4.8%
Guangzhou Grandbuy 002187.SZChina$600M-8%-49%-1%1.00×6.3%-1.5%
Shanghai Join Buy 600838.SSChina$628M+9%+6%3%2.72×18.3%3.0%
Wenfeng Great World Chain Development 601010.SSChina$328M-48%-22%-3%0.55×3.5%-3.2%
Dalian Friendship (Group) 000679.SZChina$316M-18%-5%-54%16.74×116.7%-54.4%
Hefei Department Store 000417.SZChina$678M-13%-9%8%0.88×6.6%7.8%
Baida 600865.SSChina$682M+5%+9%1%1.96×10.6%0.9%
Hanwha Galleria 452260.KSSouth Korea$297M-32%+9%3%0.48×5.8%3.2%
Wushang 000501.SZChina$775M-18%-3%1%0.47×3.7%1.3%

Questions

Which companies are Wing On Co. International's closest peers?
The cockpit's peer set: Ningbo Zhongbai (600857.SS), Shanghai Xujiahui Commercial (002561.SZ), Nanjing Central Emporium (Group) Stocks (600280.SS), Shoppers Stop (SHOPERSTOP.NS), Kintetsu Department Store (8244.T), Zhongxing Shenyang Commercial Building (000715.SZ), Xinjiang Winka Times Department Store (603101.SS), Changsha Tongcheng (000419.SZ).
Is Wing On Co. International expensive compared with its peers?
On price / book it trades at 0.22× against a peer median of 1.58×, cheapest of 21 in its peer set. The share price implies a return on equity of about 3.6%; Wing On Co. International delivers -1.6%, so the price asks more than the business earns today.
How has Wing On Co. International stock performed?
Over six months to 6 Nov 2026 the shares returned -16.4% against -13.1% for the median peer; over one year -8.9%.

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.