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Hong Kong facility-management group providing security guarding, cleaning and catering services, linked to the Chow Tai Fook/New World group.
Hong Kong facility-management group providing security guarding, cleaning and catering services, linked to the Chow Tai Fook/New World group.
In one line: A Hong Kong facilities-management contractor.
Moat: narrow (scale, distribution). Long-standing service contracts and group ties to New World's Hong Kong property portfolio give a stable client base.
Headquarters: Hong Kong · Employees: 10,700
Size CTF Services (0659.HK) is a Hong Kong Industrials company (Engineering & Construction) with a market value of $5.13B, the 248th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.80 on 6 Nov 2026.
Performance Over six months the shares gained 1.8%, against -9.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 11.6% over the last twelve months (peer median +8.1%); the operating margin is 10.6% (peer median 7.5%).
Valuation It trades at 13.8× forward earnings against a peer median of 15.9× (7th cheapest of 21).
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 0.1 points below its cost of capital (6.3% WACC).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | HK$27.1B | HK$27.1B | HK$24.3B | HK$26.4B | HK$27.1B |
| Revenue growth | — | +12% | -8% | -3% | — |
| Gross profit | HK$4.02B | HK$4.02B | HK$3.95B | HK$3.94B | HK$3.57B |
| EBITDA | HK$4.80B | HK$4.80B | HK$4.73B | HK$4.74B | HK$4.08B |
| Net income | HK$2.39B | HK$2.39B | HK$2.16B | HK$2.08B | HK$1.45B |
| Free cash flow | HK$511M | HK$511M | HK$4.58B | HK$2.11B | HK$5.68B |
| Capital expenditure | HK$1.74B | HK$1.74B | HK$483M | HK$490M | HK$517M |
| Total debt | n/a | HK$35.3B | HK$37.9B | HK$35.1B | HK$35.1B |
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 | 0659.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | -1.5% | 9th highest of 21 |
| 6-month return | +1.8% | -9.9% | 7th highest of 21 |
| Distance from 52-week high | -8.1% | -26.7% | 2nd highest of 21 |
| Revenue growth (TTM) | +11.6% | +8.1% | 10th highest of 20 |
| Operating margin | 10.6% | 7.5% | 6th highest of 21 |
| Forward P/E | 13.8× | 15.9× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 1.7% | 4.0% | 7th least demanding of 15 |
| Growth delivered (Del g) | -0.8% | +8.1% | lowest of 14 |
| Hurdle (Req g minus delivered) | +2.5 pp | -6.8 pp | 4th most demanding of 14 |
| ROIC minus cost of capital | -0.1 pp | +1.7 pp | 7th lowest of 18 |
| EV / EBITDA | 8.1× | 11.3× | 4th cheapest of 15 |
| Net debt / EBITDA | -0.3× | 1.4× | 7th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CTF Services 0659.HK | Hong Kong | $5.13B | +2% | +12% | 11% | 13.8× | 1.7% | -0.8% |
| United Integrated Services 2404.TW | Taiwan | $5.11B | -9% | +72% | 18% | 9.7× | -11.4% | +13.0% |
| SOLV Energy MWH | United States | $5.19B | -40% | n/a | 8% | 14.9× | 26.2% | n/a |
| Kandenko 1942.T | Japan | $5.26B | -41% | +4% | 12% | 11.2× | -0.9% | +5.9% |
| Sweco SWEC-A.ST | Sweden | $5.32B | +12% | +6% | 10% | 20.6× | 5.0% | +8.7% |
| Granite Construction GVA | United States | $5.32B | -15% | +25% | 7% | 16.7× | 10.1% | +7.2% |
| Balfour Beatty BBY.L | United Kingdom | $5.34B | +1% | +12% | 2% | 17.2× | 1.0% | +5.3% |
| VSE VSEC | United States | $4.85B | -10% | +23% | 12% | 22.1× | n/a | n/a |
| Budimex BDX.WA | Poland | $4.82B | +10% | +12% | 9% | 26.5× | 15.7% | +4.1% |
| MAIRE MAIRE.MI | Italy | $4.81B | -12% | +7% | 7% | 14.7× | 2.9% | +22.1% |
| Kinden 1944.T | Japan | $5.56B | -36% | +8% | 13% | 11.6× | -0.9% | +6.2% |
| Tutor Perini TPC | United States | $4.73B | +8% | +25% | 4% | 18.8× | 9.6% | +0.8% |
| INFRONEER 5076.T | Japan | $4.44B | +2% | +44% | 6% | 6.2× | 0.0% | +10.7% |
| Central New Energy 1735.HK | Hong Kong | $4.42B | -11% | +76% | 1% | 63.1× | n/a | n/a |
| Arcadis ARCAD.AS | Netherlands | $4.42B | +31% | -1% | 6% | 15.0× | 5.5% | +8.1% |
| Construction Partners ROAD | United States | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% | +29.1% |
| China State Construction International 3311.HK | Hong Kong | $6.04B | -5% | -14% | 15% | 5.0× | -8.1% | +11.8% |
| Rail Vikas Nigam RVNL.NS | India | $4.27B | -37% | +5% | 4% | 46.0× | n/a | n/a |
| Fluor FLR | United States | $6.22B | +7% | -5% | -2% | 14.2× | n/a | n/a |
| Offshore Oil Engineering 600583.SS | China | $4.22B | -6% | +7% | 8% | 12.1× | n/a | n/a |
| China Nuclear Engineering and Construction 601611.SS | China | $4.22B | -29% | -14% | 4% | 26.9× | n/a | n/a |