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World's largest branded athletic and casual footwear manufacturer, making shoes for Nike, Adidas and other global brands.
World's largest branded athletic and casual footwear manufacturer, making shoes for Nike, Adidas and other global brands.
Manufactures to brand orders and charges per pair, so volume and factory efficiency carry the business. The Taiwanese group Pou Chen controls it, and it also holds the listed Chinese sportswear retailer Pou Sheng. Most factories are in Vietnam, Indonesia and China.
Moat: narrow (scale, customer qualification, switching costs). Large, qualified factory base gives volume/quality reliability; still a low-margin contract manufacturer.
Headquarters: Hong Kong · Employees: 294,900
Size Yue Yuen Industrial (Holdings) (0551.HK) is a Hong Kong Consumer Discretionary company (Apparel/Footwear) with a market value of $2.75B, the 362nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.74 on 6 Nov 2026.
Performance Over six months the shares fell 6.7%, against +3.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 3.2% over the last twelve months (peer median +4.1%); the operating margin is 3.1% (peer median 9.1%).
Valuation It trades at 13.6× forward earnings against a peer median of 15.0× (8th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.1 points below its cost of capital (7.5% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$62.1B | HK$62.6B | HK$63.8B | HK$61.8B | HK$70.2B |
| Revenue growth | — | -2% | +3% | -12% | — |
| Gross profit | HK$13.5B | HK$14.2B | HK$15.5B | HK$15.1B | HK$16.7B |
| EBITDA | HK$4.84B | HK$5.44B | HK$6.54B | HK$5.78B | HK$6.64B |
| Net income | HK$2.20B | HK$2.97B | HK$3.06B | HK$2.15B | HK$2.32B |
| Free cash flow | HK$2.96B | HK$2.43B | HK$2.99B | HK$6.11B | HK$5.47B |
| Capital expenditure | HK$2.44B | HK$2.55B | HK$1.66B | HK$1.58B | HK$1.61B |
| Total debt | n/a | HK$7.62B | HK$7.57B | HK$9.68B | HK$13.8B |
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 |
|---|---|---|---|---|---|---|
| Yue Yuen Industrial (Holdings) 0551.HK | $2.75B | -7% | -3% | 3% | 13.6× | 2.4% |
| Pou Chen 9904.TW | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% |
| Stella International 1836.HK | $1.47B | -10% | +2% | 8% | 11.8× | -9.5% |
| Feng Tay Enterprise 9910.TW | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% |
| Eclat Textile 1476.TW | $2.88B | +3% | 0% | 20% | 13.7× | -8.9% |
| Huali Industrial 300979.SZ | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% |
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 | 0551.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.8% | +5.7% | 7th highest of 21 |
| 6-month return | -6.7% | +3.8% | 3rd lowest of 21 |
| Distance from 52-week high | -28.1% | -14.7% | 5th lowest of 21 |
| Revenue growth (TTM) | -3.2% | +4.1% | 6th lowest of 21 |
| Operating margin | 3.1% | 9.1% | 3rd lowest of 21 |
| Forward P/E | 13.6× | 15.0× | 8th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.4% | 1.8% | 9th least demanding of 17 |
| Growth delivered (Del g) | -0.9% | +7.4% | lowest of 17 |
| Hurdle (Req g minus delivered) | +3.3 pp | -7.7 pp | 5th most demanding of 17 |
| ROIC minus cost of capital | -4.1 pp | +7.2 pp | 3rd lowest of 21 |
| EV / EBITDA | 6.1× | 9.6× | 4th cheapest of 17 |
| Net debt / EBITDA | 0.8× | -0.1× | 8th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yue Yuen Industrial (Holdings) 0551.HK | Hong Kong | $2.75B | -7% | -3% | 3% | 13.6× | 2.4% | -0.9% |
| Star Shine 1440.HK | Hong Kong | $2.85B | +34% | -33% | -3% | n/a | n/a | n/a |
| Eclat Textile 1476.TW | Taiwan | $2.88B | +3% | 0% | 20% | 13.7× | -8.9% | +6.2% |
| Steven Madden SHOO | United States | $2.89B | -3% | +18% | 9% | 17.5× | 5.9% | +16.1% |
| Hugo Boss BOSS.DE | Germany | $2.90B | +8% | -5% | 8% | 15.4× | -6.6% | +17.0% |
| Crystal International 2232.HK | Hong Kong | $2.92B | +23% | +4% | 10% | 11.4× | -5.3% | +6.0% |
| BIEM.L.FDLKK Garment 002832.SZ | China | $2.46B | +42% | +23% | 15% | 20.4× | 0.0% | +13.3% |
| Zhejiang Semir Garment 002563.SZ | China | $2.42B | -1% | +4% | 7% | 14.8× | -8.1% | -0.1% |
| Pou Chen 9904.TW | Taiwan | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% | +0.1% |
| FIGS FIGS | United States | $3.29B | +37% | +25% | 10% | 54.0× | 25.5% | +19.1% |
| Youngone 111770.KS | South Korea | $2.27B | -13% | +15% | 14% | 5.5× | n/a | n/a |
| Under Armour UA | United States | $2.23B | -19% | -3% | 1% | 83.9× | n/a | n/a |
| Mizuno 8022.T | Japan | $2.10B | +27% | +10% | 9% | 15.9× | 4.9% | +11.5% |
| Columbia Sportswear COLM | United States | $3.61B | +12% | 0% | 8% | 16.2× | 4.6% | +6.3% |
| Feng Tay Enterprise 9910.TW | Taiwan | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% | +3.9% |
| Goldwin 8111.T | Japan | $1.93B | -1% | +4% | 18% | 12.7× | -6.3% | +8.7% |
| Vestis VSTS | United States | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% | +1.3% |
| PVH PVH | United States | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% | +4.6% |
| F&F 383220.KS | South Korea | $1.80B | -3% | +7% | 25% | 5.1× | n/a | n/a |
| K.P.R. Mill KPRMILL.NS | India | $4.21B | +19% | +6% | 18% | 34.8× | 29.9% | +13.3% |
| Kontoor Brands KTB | United States | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% | +8.5% |