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Makes TCL-branded televisions and displays, competing globally against Hisense, Samsung and LG.
Makes TCL-branded televisions and displays, competing globally against Hisense, Samsung and LG.
Sells televisions through retailers and online marketplaces at thin margins, so volume and panel costs matter most, with larger screens and Mini-LED as the route to higher prices. More of its sales come from outside China than inside. TCL Technology is the parent group, whose sister company makes display panels.
In one line: A Chinese Vizio/Hisense for televisions.
Moat: none (scale, brand). Growing global market share in a highly competitive, largely commoditized television market.
Headquarters: Huizhou, China · Founded: 1981 · Employees: 37,859
Size TCL Electronics (1070.HK) is a Hong Kong Consumer Discretionary company (Electronics/Appliances) with a market value of $6.01B, the 236th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$16.35 on 6 Nov 2026.
Performance Over six months the shares gained 2.5%, against +12.3% 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 13.8% over the last twelve months (peer median +3.8%); the operating margin is 3.1% (peer median 8.0%).
Valuation It trades at 12.4× forward earnings against a peer median of 18.1× (3rd 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 +18%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.8 points above its cost of capital (8.3% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$124B | HK$115B | HK$99.3B | HK$79.0B | HK$71.4B |
| Revenue growth | — | +15% | +26% | +11% | — |
| Gross profit | HK$20.4B | HK$17.9B | HK$15.6B | HK$14.8B | HK$13.1B |
| EBITDA | HK$5.05B | HK$4.44B | HK$2.84B | HK$1.79B | HK$1.12B |
| Net income | HK$2.93B | HK$2.50B | HK$1.76B | HK$744M | HK$447M |
| Free cash flow | HK$2.96B | HK$4.24B | HK$2.99B | HK$1.85B | HK$879M |
| Capital expenditure | HK$969M | HK$950M | HK$893M | HK$575M | HK$959M |
| Total debt | n/a | HK$7.28B | HK$6.26B | HK$6.46B | HK$5.87B |
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 |
|---|---|---|---|---|---|---|
| TCL Electronics 1070.HK | $6.01B | +3% | +14% | 3% | 12.4× | -2.3% |
| Hisense Visual Technology 600060.SS | $5.31B | +8% | -2% | 5% | 12.8× | -3.4% |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 4.0× | -7.2% |
| Lgelectronics 066570.KS | $17.3B | -2% | +8% | 4% | 11.3× | -4.5% |
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 | 1070.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | +3.9% | 5th lowest of 21 |
| 6-month return | +2.5% | +12.3% | 7th lowest of 21 |
| Distance from 52-week high | -10.3% | -14.2% | 8th highest of 21 |
| Revenue growth (TTM) | +13.8% | +3.8% | 5th highest of 21 |
| Operating margin | 3.1% | 8.0% | 5th lowest of 21 |
| Forward P/E | 12.4× | 18.1× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.3% | 4.5% | 4th least demanding of 15 |
| Growth delivered (Del g) | +17.6% | +9.1% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -19.9 pp | -4.6 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +15.8 pp | +3.7 pp | 2nd highest of 21 |
| Net debt / EBITDA | -1.8× | 0.7× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TCL Electronics 1070.HK | Hong Kong | $6.01B | +3% | +14% | 3% | 12.4× | -2.3% | +17.6% |
| Howden Joinery HWDN.L | United Kingdom | $6.12B | +16% | +4% | 15% | 16.6× | 14.9% | +9.3% |
| Arashi Vision 688775.SS | China | $6.41B | -45% | +74% | -1% | 135.2× | n/a | n/a |
| Coway 021240.KS | South Korea | $5.56B | +26% | +14% | 18% | 10.8× | n/a | n/a |
| Zhejiang Supor 002032.SZ | China | $5.37B | -4% | 0% | 10% | 18.0× | -2.8% | +4.1% |
| Aditya Infotech CPPLUS.NS | India | $5.37B | +68% | +36% | 13% | 69.9× | n/a | n/a |
| Hisense Visual Technology 600060.SS | China | $5.31B | +8% | -2% | 5% | 12.8× | -3.4% | +8.0% |
| Beijing Roborock Technology 688169.SS | China | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% | +32.8% |
| De'Longhi DLG.MI | Italy | $7.65B | +23% | +6% | 13% | 18.0× | 14.2% | +10.1% |
| Hisense Home Appliances 000921.SZ | China | $4.37B | -2% | -11% | 3% | 14.2× | -11.4% | +12.7% |
| Shenzhen MTC 002429.SZ | China | $4.30B | -42% | +3% | 7% | 22.1× | n/a | n/a |
| Ecovacs Robotics 603486.SS | China | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% | +21.4% |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| LG Electronics India LGEINDIA.NS | India | $12.6B | +14% | +1% | 9% | 52.1× | 36.6% | +7.3% |
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |