Which companies are Deep Source's closest peers?

The cockpit's peer set: Totech (9960.T), Yamazen (8051.T), China Agricultural Development Seed (600313.SS), Trusco Nakayama (9830.T), Hangzhou Cogeneration (605011.SS), Beijing Geekplus Technology (2590.HK), Zhejiang Songyuan Automotive Safety Systems (300893.SZ), State Power Rixin Technology (301162.SZ).

How has Deep Source stock performed?

Over six months to 6 Nov 2026 the shares returned -31.2% against -15.6% for the median peer; over one year -32.9%.

← CockpitCompetitor Analysis › 0990.HK Deep Source Holdings LimitedOpen in the cockpit ↗

Deep Source Holdings Limited0990.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Wholesale Distributors

Hong Kong-listed company classified under wholesale distribution; specific business not confirmed.

Momentum neutral 42

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.00B

US dollars, full cap

Free float

41%

of shares outstanding

$/day

$632,905

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-2.2 pp

WACC 7.3%

Hurdle

-20 pp

Req g minus delivered

Close · HKDHK$0.53

1D-4.5%

1W-1.9%

1M-4.5%

3M-6.2%

6M-31.2%

YTD-24.3%

1Y-32.9%

ATR %4.4%

52w lowhigh45.4% off high

What Deep Source does

Hong Kong-listed company classified under wholesale distribution; specific business not confirmed.

Where it sits in the supply chain

Industrials
Wholesale distribution

Moat: none

Headquarters: China · Employees: 378

Deep Source at a glance

Size Deep Source (0990.HK) is a Hong Kong Industrials company (Wholesale Distributors) with a market value of $1.00B, the 593rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.53 on 6 Nov 2026.

Performance Over six months the shares fell 31.2%, against -15.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 7.0% over the last twelve months (peer median +11.3%); the operating margin is 1.7% (peer median 4.4%).

Valuation It trades at 0.2× enterprise value to sales against a peer median of 0.8× (3rd cheapest of 20).

Price implies For today's price to make sense, revenue must grow about -14% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -20 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.2 points below its cost of capital (7.3% WACC).

Relative performance

Six months, rebased to 100: Deep Source against the median of its 20 peers (local-currency closes).

Deep Source financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	HK$26.2B	HK$21.4B	HK$40.9B	HK$55.4B	HK$39.1B
Revenue growth	—	-48%	-26%	+42%	—
Gross profit	HK$898M	HK$816M	HK$1.03B	HK$1.78B	HK$2.08B
EBITDA	HK$478M	HK$454M	HK$579M	HK$1.35B	HK$1.65B
Net income	HK$777M	HK$720M	HK$296M	HK$1.20B	HK$1.21B
Free cash flow	HK$3.00B	HK$2.92B	HK$5.76B	HK$4.09B	HK$6.93B
Capital expenditure	HK$142M	HK$6.75M	HK$11.9M	HK$14.3M	HK$29.5M
Total debt	n/a	HK$572M	HK$153M	HK$28.0M	HK$192M

Quarterly statements and history in the cockpit →

Deep Source 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

Up and to the right = strong over both horizons. Deep Source is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Deep Source is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Deep Source is the large dot.

Deep Source competitors and peer comparison

How Deep Source 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.

Deep Source against its 20 peers (data as of 6 Nov 2026)
Measure	0990.HK	Peer median	Rank in peer set
1-month return	-4.5%	-10.9%	8th highest of 21
6-month return	-31.2%	-15.6%	7th lowest of 21
Distance from 52-week high	-45.4%	-33.8%	7th lowest of 21
Revenue growth (TTM)	+7.0%	+11.3%	7th lowest of 20
Operating margin	1.7%	4.4%	6th lowest of 20
EV / Sales	0.2×	0.8×	3rd cheapest of 20
Growth the price implies (Req g, 7 yrs)	-13.6%	0.9%	least demanding of 11
Growth delivered (Del g)	+6.1%	+9.0%	4th lowest of 11
Hurdle (Req g minus delivered)	-19.7 pp	-9.5 pp	2nd least demanding of 11
ROIC minus cost of capital	-2.2 pp	+2.5 pp	6th lowest of 20
Net debt / EBITDA	-6.7×	0.6×	2nd least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Deep Source 0990.HK	Hong Kong	$1.00B	-31%	+7%	2%	0.2×	-13.6%	+6.1%
Totech 9960.T	Japan	$1.00B	0%	+6%	10%	0.9×	5.4%	+9.2%
Yamazen 8051.T	Japan	$978M	+13%	+7%	2%	0.2×	-6.3%	+4.5%
China Agricultural Development Seed 600313.SS	China	$1.04B	-16%	+35%	1%	0.8×	21.8%	+12.7%
Trusco Nakayama 9830.T	Japan	$958M	+6%	+10%	7%	0.6×	n/a	n/a
Hangzhou Cogeneration 605011.SS	China	$956M	-23%	-1%	5%	2.2×	n/a	n/a
Beijing Geekplus Technology 2590.HK	Hong Kong	$1.05B	-67%	+33%	0%	1.5×	n/a	n/a
Zhejiang Songyuan Automotive Safety Systems 300893.SZ	China	$1.06B	-34%	+27%	12%	2.8×	n/a	n/a
State Power Rixin Technology 301162.SZ	China	$944M	-25%	+12%	17%	8.2×	22.6%	+23.8%
Dlg Exhibitions & Events 600826.SS	China	$944M	-9%	+2%	15%	2.8×	6.9%	-11.5%
Supply Network SNL.AX	Australia	$1.06B	+12%	+16%	17%	3.9×	11.7%	+19.9%
Huludao Zinc Industry 000751.SZ	China	$943M	-36%	+17%	1%	0.5×	n/a	n/a
BayWa BYW.DE	Germany	$1.07B	-58%	n/a	n/a	n/a	n/a	n/a
Auto Partner APR.WA	Poland	$928M	+26%	+67%	8%	0.6×	-5.0%	+21.5%
Lx International 001120.KS	South Korea	$913M	-35%	+11%	2%	0.1×	n/a	n/a
Dongguan Aohai Technology 002993.SZ	China	$1.10B	-44%	+122%	1%	0.6×	n/a	n/a
Wah Lee Industrial 3010.TW	Taiwan	$910M	-15%	+6%	4%	0.5×	-6.5%	+5.8%
Brighton-Best International (Taiwan) 8415.TWO	Taiwan	$1.11B	+5%	+11%	20%	1.9×	-8.8%	+8.8%
Innovation Medical Management 002173.SZ	China	$1.12B	-29%	-13%	-18%	10.2×	n/a	n/a
Mitsuuroko 8131.T	Japan	$893M	+26%	0%	3%	0.4×	-3.7%	+8.4%
Matsuda Sangyo 7456.T	Japan	$891M	-12%	+49%	4%	0.2×	n/a	n/a

Questions

Which companies are Deep Source's closest peers?: The cockpit's peer set: Totech (9960.T), Yamazen (8051.T), China Agricultural Development Seed (600313.SS), Trusco Nakayama (9830.T), Hangzhou Cogeneration (605011.SS), Beijing Geekplus Technology (2590.HK), Zhejiang Songyuan Automotive Safety Systems (300893.SZ), State Power Rixin Technology (301162.SZ).
Is Deep Source expensive compared with its peers?: On ev / sales it trades at 0.2× against a peer median of 0.8×, 3rd cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about -14% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -20 pp: the price already allows for a slowdown.
How has Deep Source stock performed?: Over six months to 6 Nov 2026 the shares returned -31.2% against -15.6% for the median peer; over one year -32.9%.