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← CockpitCompetitor Analysis › 0693.HK Tan Chong International LimitedOpen in the cockpit ↗

Tan Chong International Limited0693.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Trucks/Construction/Farm Machinery
Momentum neutral 46
Mkt cap
$367M
US dollars, full cap
Free float
30%
of shares outstanding
$/day
$18,350
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-2.4 pp
WACC 5.0%
Hurdle
-2 pp
Req g minus delivered
Close · HKDHK$1.43
1Dn/a
1W-2.0%
1M-8.3%
3M-21.4%
6M-2.0%
YTD-25.9%
1Y+7.5%
ATR %1.9%
52w lowhigh28.5% off high

What Tan Chong International does

Employees: 9,721

Tan Chong International at a glance

Size Tan Chong International (0693.HK) is a Hong Kong Industrials company (Trucks/Construction/Farm Machinery) with a market value of $367M, the 836th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.43 on 6 Nov 2026.

Performance Over six months the shares fell 2.0%, against -21.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue fell 7.3% over the last twelve months (peer median +11.9%); the operating margin is 5.2% (peer median 5.3%).

Valuation It trades at 0.9× enterprise value to sales against a peer median of 2.0× (5th 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 0%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.4 points below its cost of capital (5.0% WACC).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 20260693.HK 99Peer median 76
Six months, rebased to 100: Tan Chong International against the median of its 20 peers (local-currency closes).

Tan Chong International financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$11.7BHK$12.0BHK$12.7BHK$13.8BHK$13.5B
Revenue growth—-5%-8%+3%—
Gross profitHK$2.40BHK$2.41BHK$2.50BHK$2.69BHK$2.29B
EBITDAHK$1.35BHK$1.29BHK$1.17BHK$1.33BHK$1.14B
Net incomeHK$214MHK$144MHK$479MHK$280MHK$418M
Free cash flown/aHK$1.03BHK$256M-HK$1.42B-HK$544M
Capital expendituren/aHK$513MHK$660MHK$660MHK$525M
Total debtn/aHK$8.46BHK$8.79BHK$8.41BHK$7.07B

Quarterly statements and history in the cockpit →

Tan Chong 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

-40%-20%0%+20%-20%0%63646753VSTTILLERS3008106023301533688015001226001360002890300865603280301032002972TWIN077970FSTR300103TLGOWNC0693.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Tan Chong International is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%2.5×5×7.5×63646753VSTTILLERS3008106023301533688015001226001360002890300865603280301032002972TWINFSTR300103TLGOWNC0693.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tan Chong International is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%0%20%VSTTILLERS688015300865603280301032002972TWIN0693.HKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tan Chong International is the large dot.

Tan Chong International competitors and peer comparison

How Tan Chong 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.

Tan Chong International against its 20 peers (data as of 6 Nov 2026)
Measure0693.HKPeer medianRank in peer set
1-month return-8.3%-14.5%5th highest of 21
6-month return-2.0%-21.5%4th highest of 21
Distance from 52-week high-28.5%-38.0%6th highest of 21
Revenue growth (TTM)-7.3%+11.9%3rd lowest of 21
Operating margin5.2%5.3%11th highest of 21
EV / Sales0.9×2.0×5th cheapest of 21
Growth the price implies (Req g, 7 yrs)-2.1%11.8%2nd least demanding of 9
Growth delivered (Del g)-0.5%+1.3%4th lowest of 9
Hurdle (Req g minus delivered)-1.7 pp+10.5 pp3rd least demanding of 9
ROIC minus cost of capital-2.4 pp-0.8 pp9th lowest of 21
EV / EBITDA7.7×10.8×4th cheapest of 10
Net debt / EBITDA4.7×0.4×2nd most indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Tan Chong International 0693.HKHong Kong$367M-2%-7%5%0.9×-2.1%-0.5%
Airman 6364.TJapan$368M-1%+2%14%1.0×n/an/a
Lungteh Shipbuilding 6753.TWTaiwan$369M-28%+13%25%2.0×n/an/a
VST Tillers Tractors VSTTILLERS.NSIndia$359M-24%+17%11%2.7×27.3%+10.2%
Beijing Zhongkehaixun Digital S&T 300810.SZChina$359M-38%+35%-8%7.7×n/an/a
Daihatsu Infinearth Mfg.co.,ltd 6023.TJapan$357M-25%+11%10%0.6×n/an/a
Weima Agricultural Machinery 301533.SZChina$383M-15%+20%7%2.1×n/an/a
Traffic Control Technology 688015.SSChina$383M-37%+10%7%0.8×-3.9%+4.5%
Anhui Tuoshan Heavy Industries 001226.SZChina$387M-28%+30%3%3.8×n/an/a
Nanchang Mineral Systems 001360.SZChina$344M-16%+12%4%2.5×n/an/a
Shandong Hongyu Precision Machinery 002890.SZChina$343M-21%-2%2%7.3×n/an/a
Chengdu Dahongli Machinery 300865.SZChina$340M-22%+35%8%4.6×25.4%-11.5%
Fujian South Highway Machinery 603280.SSChina$399M-28%-3%5%1.9×15.3%-2.0%
Zhejiang Xinchai 301032.SZChina$335M-28%+2%4%0.9×7.9%-1.1%
Shenzhen Keanda Electronic Technology 002972.SZChina$405M-18%+20%19%5.7×12.2%+0.9%
Twin Disc TWINUnited States$332M+19%+12%5%0.9×5.7%+11.8%
STX Engine 077970.KSSouth Korea$413M-77%+10%7%0.9×n/an/a
L. B. Foster FSTRUnited States$418M-6%+16%5%0.8×11.5%+1.7%
Dagang 300103.SZChina$317M-19%-27%-58%17.5×n/an/a
Talgo TLGO.MCSpain$313M-21%+22%1%1.1×n/an/a
Wabash National WNCUnited States$444M+46%-7%-10%0.6×n/an/a

Questions

Which companies are Tan Chong International's closest peers?
The cockpit's peer set: Airman (6364.T), Lungteh Shipbuilding (6753.TW), VST Tillers Tractors (VSTTILLERS.NS), Beijing Zhongkehaixun Digital S&T (300810.SZ), Daihatsu Infinearth Mfg.co.,ltd (6023.T), Weima Agricultural Machinery (301533.SZ), Traffic Control Technology (688015.SS), Anhui Tuoshan Heavy Industries (001226.SZ).
Is Tan Chong International expensive compared with its peers?
On ev / sales it trades at 0.9× against a peer median of 2.0×, 5th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has Tan Chong International stock performed?
Over six months to 6 Nov 2026 the shares returned -2.0% against -21.5% for the median peer; over one year +7.5%.

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.