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Chinese maker of cellular/wireless communication modules used in IoT devices, laptops and industrial equipment.
Chinese maker of cellular/wireless communication modules used in IoT devices, laptops and industrial equipment.
Earns a margin on each module sold, paid by device makers who build it into their products, so a design win brings volume across the product's life, though module prices are pressed by competition. Laptops, vehicles and industrial equipment all use cellular modules. This is the Hong Kong share class of the same company.
In one line: A Chinese Quectel/Sierra Wireless-style IoT module maker.
Moat: narrow (scale, customer qualification). Broad certified module portfolio across carriers/regions is costly for customers to re-qualify elsewhere.
Headquarters: Shenzhen, China · Founded: 1999 · Employees: 1,863
Size Fibocom Wireless (0638.HK) is a Hong Kong Information Technology company (Telecommunications Equipment) with a market value of $1.89B, the 429th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.16 on 6 Nov 2026.
Performance Over six months the shares fell 48.2%, against -25.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 8.6% over the last twelve months (peer median +13.4%); the operating margin is 1.5% (peer median 5.1%).
Valuation It trades at 16.3× forward earnings against a peer median of 20.5× (5th cheapest of 13).
Capital Return on invested capital runs 5.8 points below its cost of capital (8.9% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$8.61B | HK$7.57B | HK$8.87B | HK$8.51B | HK$6.55B |
| Revenue growth | — | -15% | +4% | +30% | — |
| Gross profit | HK$1.29B | HK$1.11B | HK$1.54B | HK$1.78B | HK$1.20B |
| EBITDA | n/a | HK$534M | HK$684M | HK$903M | HK$511M |
| Net income | HK$238M | HK$376M | HK$724M | HK$623M | HK$424M |
| Free cash flow | -HK$3.13B | HK$156M | HK$346M | HK$553M | HK$149M |
| Capital expenditure | HK$313M | HK$236M | HK$135M | HK$172M | HK$201M |
| Total debt | HK$3.04B | HK$1.52B | HK$1.79B | HK$1.68B | HK$1.88B |
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 |
|---|---|---|---|---|---|---|
| Fibocom Wireless 0638.HK | $1.89B | -48% | +9% | 2% | 16.3× | n/a |
| Quectel Wireless Solutions 603236.SS | $4.71B | +50% | +30% | 5% | 21.1× | n/a |
| Semtech SMTC | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% |
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 | 0638.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -11.5% | 9th highest of 21 |
| 6-month return | -48.2% | -25.2% | 3rd lowest of 19 |
| Distance from 52-week high | -70.2% | -50.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +8.6% | +13.4% | 10th lowest of 21 |
| Operating margin | 1.5% | 5.1% | 9th lowest of 21 |
| Forward P/E | 16.3× | 20.5× | 5th cheapest of 13 |
| ROIC minus cost of capital | -5.8 pp | -2.2 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| Shanghai Longcheer Technology 9611.HK | Hong Kong | $1.97B | -14% | +7% | 0% | 12.7× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | n/a | 11.3% | +7.0% |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 13.0× | 7.4% | +11.3% |