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Global power-tool maker behind the Milwaukee, Ryobi and AEG brands, HK-based but earning most revenue in the US.
Global power-tool maker behind the Milwaukee, Ryobi and AEG brands, HK-based but earning most revenue in the US.
Sells cordless tools in brand families that share one battery system, so a buyer of one tool is likely to buy more from that brand, with batteries and chargers adding sales. Ryobi is sold mainly at Home Depot in the US, while Milwaukee goes through trade distributors as well as stores.
In one line: A HK-based global power-tool leader, direct peer to Stanley Black & Decker.
Moat: narrow (brand, IP / patents, distribution). Milwaukee's professional brand loyalty and cordless battery-platform ecosystem lock-in.
Headquarters: Hong Kong · Founded: 1985 · Employees: 48,318
Size Techtronic Ind (0669.HK) is a Hong Kong Industrials company (Tools & Hardware) with a market value of $33.1B, the 48th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$142.60 on 6 Nov 2026.
Performance Over six months the shares gained 14.1%, against +14.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue grew 4.1% over the last twelve months (peer median +2.9%); the operating margin is 8.9% (peer median 16.6%).
Valuation It trades at 22.8× forward earnings against a peer median of 18.3× (2nd most expensive of 6).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.8 points above its cost of capital (7.6% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$123B | HK$119B | HK$114B | HK$108B | HK$104B |
| Revenue growth | — | +4% | +6% | +4% | — |
| Gross profit | HK$52.3B | HK$49.1B | HK$46.0B | HK$42.4B | HK$40.8B |
| EBITDA | HK$16.1B | HK$16.6B | HK$16.1B | HK$13.6B | HK$12.6B |
| Net income | HK$10.2B | HK$9.34B | HK$8.75B | HK$7.64B | HK$8.43B |
| Free cash flow | HK$15.7B | HK$13.7B | HK$16.0B | HK$12.9B | HK$5.31B |
| Capital expenditure | HK$4.48B | HK$4.60B | HK$5.36B | HK$6.84B | HK$7.72B |
| Total debt | n/a | HK$13.7B | HK$16.4B | HK$22.2B | HK$30.1B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Techtronic Ind 0669.HK | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% |
| Stanley Black & Decker SWK | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% |
| Makita 6586.T | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% |
| Snap-on SNA | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% |
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 | 0669.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.5% | +16.1% | 3rd lowest of 6 |
| 6-month return | +14.1% | +14.8% | 3rd lowest of 6 |
| Distance from 52-week high | -7.9% | -6.4% | 3rd lowest of 6 |
| Revenue growth (TTM) | +4.1% | +2.9% | 3rd highest of 6 |
| Operating margin | 8.9% | 16.6% | lowest of 6 |
| Forward P/E | 22.8× | 18.3× | 2nd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 8.1% | 6.8% | 2nd most demanding of 6 |
| Growth delivered (Del g) | +9.3% | +5.5% | 2nd highest of 6 |
| Hurdle (Req g minus delivered) | -1.2 pp | -2.7 pp | 3rd most demanding of 6 |
| ROIC minus cost of capital | +8.8 pp | +3.5 pp | 3rd highest of 6 |
| EV / EBITDA | 16.0× | 13.2× | 2nd most expensive of 6 |
| Net debt / EBITDA | -0.2× | 1.7× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Techtronic Ind 0669.HK | Hong Kong | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% | +9.3% |
| ASSA ABLOY ASSA-B.ST | Sweden | $44.8B | +15% | 0% | 17% | 24.4× | 9.0% | +11.7% |
| Snap-on SNA | United States | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% | +5.5% |
| Stanley Black & Decker SWK | United States | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% | +3.0% |
| Allegion ALLE | United States | $15.6B | +39% | +10% | 22% | 18.7× | 7.6% | +8.4% |
| Makita 6586.T | Japan | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% | +5.0% |