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Employees: 30,466
Size Dream International (1126.HK) is a Hong Kong Consumer Discretionary company (Recreational Products) with a market value of $474M, the 764th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.50 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against -18.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +7.4%); the operating margin is 10.6% (peer median 2.9%).
Valuation It trades at 0.4× enterprise value to sales against a peer median of 1.2× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.2 points above its cost of capital (6.5% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$6.29B | HK$5.97B | HK$5.45B | HK$5.35B | HK$6.25B |
| Revenue growth | — | +10% | +2% | -14% | — |
| Gross profit | HK$1.13B | HK$1.21B | HK$1.25B | HK$1.34B | HK$1.23B |
| EBITDA | HK$859M | HK$936M | HK$990M | HK$1.11B | HK$991M |
| Net income | HK$592M | HK$693M | HK$738M | HK$830M | HK$687M |
| Free cash flow | HK$305M | HK$698M | HK$585M | HK$1.11B | HK$421M |
| Capital expenditure | HK$204M | HK$208M | HK$213M | HK$88.4M | HK$200M |
| Total debt | n/a | HK$121M | HK$143M | HK$126M | HK$257M |
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 | 1126.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -2.4% | 9th lowest of 21 |
| 6-month return | -26.7% | -18.7% | 8th lowest of 21 |
| Distance from 52-week high | -45.3% | -41.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +9.7% | +7.4% | 9th highest of 21 |
| Operating margin | 10.6% | 2.9% | 5th highest of 21 |
| EV / Sales | 0.4× | 1.2× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -20.1% | 10.8% | least demanding of 14 |
| Growth delivered (Del g) | +9.6% | +4.9% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -29.7 pp | +2.9 pp | least demanding of 14 |
| ROIC minus cost of capital | +12.2 pp | -3.6 pp | 3rd highest of 19 |
| EV / EBITDA | 2.9× | 9.0× | 2nd cheapest of 16 |
| Net debt / EBITDA | -1.4× | -1.7× | 8th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dream International 1126.HK | Hong Kong | $474M | -27% | +10% | 11% | 0.4× | -20.1% | +9.6% |
| Zhejiang Natural Outdoor Goods 605080.SS | China | $472M | -12% | -2% | 14% | 2.1× | 7.6% | +11.9% |
| Johnson Outdoors JOUT | United States | $490M | -8% | +17% | 3% | 0.6× | 10.1% | -0.1% |
| Beneteau BEN.PA | France | $457M | -32% | +1% | 0% | 0.2× | n/a | n/a |
| Mastercraft Boat MCFT | United States | $493M | -26% | +23% | 3% | 1.3× | 28.3% | -7.9% |
| Fenix Outdoor International AG Series B FOI-B.ST | Sweden | $443M | -25% | +1% | 3% | 0.8× | 6.8% | +5.4% |
| Impulse Qingdao Health Tech 002899.SZ | China | $428M | -43% | -1% | 6% | 2.5× | n/a | n/a |
| Guangdong Qunxing Toys Joint-Stock 002575.SZ | China | $427M | -29% | +34% | -9% | 4.9× | 41.8% | +38.9% |
| Soft-World International 5478.TWO | Taiwan | $426M | -3% | +6% | 20% | 0.3× | n/a | n/a |
| Mubang High-Tech 603398.SS | China | $416M | -49% | +94% | -133% | 6.8× | n/a | n/a |
| Butong 6090.HK | Hong Kong | $416M | -5% | +16% | 7% | 1.5× | 29.3% | +38.5% |
| Hailun Piano 300329.SZ | China | $407M | -23% | -11% | -112% | 26.9× | n/a | n/a |
| Topkey 4536.TW | Taiwan | $401M | -3% | -10% | 16% | 1.0× | -15.6% | +4.9% |
| Malibu Boats MBUU | United States | $398M | -33% | +13% | 1% | 0.6× | 19.6% | -0.3% |
| JAKKS Pacific JAKK | United States | $388M | +45% | +9% | 4% | 0.6× | 10.8% | +2.0% |
| Alpen 3028.T | Japan | $590M | +26% | +6% | 3% | 0.3× | -3.0% | +4.2% |
| Funko FNKO | United States | $377M | +28% | -4% | 3% | 0.6× | 13.0% | +6.8% |
| Sportsoul 001300.SZ | China | $376M | -43% | -6% | -14% | 4.1× | n/a | n/a |
| Roland 7944.T | Japan | $605M | -11% | +8% | 9% | 0.9× | -8.3% | +9.5% |
| Ridge Outdoor International 2720.HK | Hong Kong | $353M | -14% | +16% | 17% | 3.5× | 17.3% | -8.9% |
| Shuhua Sports 605299.SS | China | $642M | -60% | +20% | 9% | 2.3× | n/a | n/a |