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Employees: 13,400
Size Truly International (0732.HK) is a Hong Kong Information Technology company (Computer Peripherals) with a market value of $300M, the 885th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.81 on 6 Nov 2026.
Performance Over six months the shares fell 20.6%, against -20.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 11.5% over the last twelve months (peer median +5.2%); the operating margin is 3.6% (peer median 5.7%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.7× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points below its cost of capital (5.9% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$15.4B | HK$16.5B | HK$17.8B | HK$15.6B | HK$19.3B |
| Revenue growth | — | -8% | +14% | -19% | — |
| Gross profit | HK$1.22B | HK$1.92B | HK$2.07B | HK$1.98B | HK$2.28B |
| EBITDA | HK$1.81B | HK$1.82B | HK$1.89B | HK$1.97B | HK$2.10B |
| Net income | HK$235M | HK$274M | HK$302M | HK$263M | HK$318M |
| Free cash flow | HK$4.36B | HK$5.16B | HK$6.83B | HK$4.43B | HK$3.68B |
| Capital expenditure | HK$263M | HK$426M | HK$574M | HK$511M | HK$890M |
| Total debt | n/a | HK$7.74B | HK$6.70B | HK$6.68B | HK$7.41B |
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 | 0732.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | -15.6% | 4th highest of 21 |
| 6-month return | -20.6% | -20.6% | 11th highest of 21 |
| Distance from 52-week high | -31.4% | -38.9% | 5th highest of 21 |
| Revenue growth (TTM) | -11.5% | +5.2% | 4th lowest of 21 |
| Operating margin | 3.6% | 5.7% | 9th lowest of 21 |
| EV / Sales | 0.5× | 1.7× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -14.9% | -2.7% | least demanding of 8 |
| Growth delivered (Del g) | -5.7% | +4.4% | lowest of 8 |
| Hurdle (Req g minus delivered) | -9.1 pp | -5.6 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | -3.0 pp | -2.0 pp | 11th highest of 21 |
| EV / EBITDA | 4.5× | 9.1× | 2nd cheapest of 13 |
| Net debt / EBITDA | 3.1× | -2.2× | 4th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Truly International 0732.HK | Hong Kong | $300M | -21% | -11% | 4% | 0.5× | -14.9% | -5.7% |
| D-Link 2332.TW | Taiwan | $297M | +15% | +3% | -1% | 0.7× | n/a | n/a |
| TienPin United Enterprise 6199.TWO | Taiwan | $305M | +78% | +577% | 30% | 13.9× | n/a | n/a |
| Argosy Research 3217.TWO | Taiwan | $294M | -38% | +2% | 30% | 1.8× | -8.6% | +9.8% |
| Gigastorage 2406.TW | Taiwan | $310M | -11% | +83% | 2% | 2.3× | n/a | n/a |
| G.tech Technology 301503.SZ | China | $313M | -27% | +28% | 4% | 1.1× | n/a | n/a |
| Aten International 6277.TW | Taiwan | $276M | +7% | +6% | 14% | 1.6× | -7.6% | +0.4% |
| ADTRAN ADTN | United States | $329M | -73% | +10% | 0% | 0.8× | n/a | n/a |
| Shenzhen Zhongheng Huafa 000020.SZ | China | $332M | -31% | -25% | 5% | 3.2× | 26.4% | +4.4% |
| Winner Technology 300609.SZ | China | $341M | -53% | -6% | -41% | 6.7× | n/a | n/a |
| Sysgration 5309.TWO | Taiwan | $360M | -19% | +9% | -4% | 3.1× | n/a | n/a |
| Gallant Precision Machining 5443.TWO | Taiwan | $374M | -44% | +12% | 12% | 3.3× | 12.4% | +6.2% |
| IEI Integration 3022.TW | Taiwan | $405M | +1% | +3% | 6% | 1.2× | n/a | n/a |
| Quanta Storage 6188.TWO | Taiwan | $409M | -45% | +3% | 7% | 1.2× | n/a | n/a |
| Riso Kagaku 6413.T | Japan | $418M | +3% | +5% | 6% | 0.7× | -2.7% | +2.9% |
| Aztech Global 8AZ.SI | Singapore | $212M | -64% | -8% | 9% | 0.2× | n/a | n/a |
| Shenzhen Emperor Technology 300546.SZ | China | $434M | -22% | +8% | 3% | 3.8× | 38.7% | +7.9% |
| Alpha Networks 3380.TW | Taiwan | $437M | -23% | +11% | 1% | 0.9× | n/a | n/a |
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 0.4× | -10.5% | -2.0% |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | 6.2× | n/a | n/a |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | 5.0× | n/a | n/a |