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← CockpitCompetitor Analysis › 1440.HK Star Shine Holdings Group LimitedOpen in the cockpit ↗

Star Shine Holdings Group Limited1440.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Consumer Discretionary›Apparel/Footwear

Chinese/HK maker of lace fabric and dyeing services for lingerie, plus a casual and sports footwear business.

Momentum leader 94
Mkt cap
$2.85B
US dollars, full cap
Free float
65%
of shares outstanding
$/day
$3.65M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-25.1 pp
WACC 8.3%
Hurdle
n/a
no reverse DCF
Close · HKDHK$17.76
1D+2.3%
1W+12.3%
1M-11.2%
3M+33.5%
6M+34.0%
YTD+137.1%
1Y+87.0%
ATR %8.6%
52w lowhigh24.4% off high

What Star Shine does

Chinese/HK maker of lace fabric and dyeing services for lingerie, plus a casual and sports footwear business.

Products and services

  • Lace manufacturing
  • Dyeing services
  • Footwear design & sourcing

Customers

  • Lingerie brands (unnamed)
  • Sportswear brands (unnamed)

Where it sits in the supply chain

  • Apparel manufacturing
  • Textile/lace OEM
  • Lingerie & footwear components

What could go right

  • Footwear ODM demand from sportswear brands

What could go wrong

  • Customer concentration in apparel OEM
  • Cyclical demand from fashion brands

Moat: none (scale). Commodity textile/footwear OEM work; customers can resource lace and footwear orders elsewhere.

Headquarters: Putian, China · Founded: 2002 · Employees: 485

Star Shine at a glance

Size Star Shine (1440.HK) is a Hong Kong Consumer Discretionary company (Apparel/Footwear) with a market value of $2.85B, the 347th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.76 on 6 Nov 2026.

Performance Over six months the shares gained 34.0%, against +1.8% 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 33.3% over the last twelve months (peer median +4.1%); the operating margin is -2.8% (peer median 9.1%).

Valuation It trades at 51.3× enterprise value to sales against a peer median of 1.1× (most expensive of 21).

Capital Return on invested capital runs 25.1 points below its cost of capital (8.3% WACC).

Relative performance

10015011 May 202611 Aug 20266 Nov 20261440.HK 126Peer median 105
Six months, rebased to 100: Star Shine against the median of its 20 peers (local-currency closes).

Star Shine financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$432MHK$557MHK$634MHK$351MHK$156M
Revenue growth—-12%+81%+125%—
Gross profitHK$59.7MHK$53.3MHK$59.2MHK$25.0M-HK$5.51M
EBITDAHK$5.26M-HK$9.09M-HK$1.80MHK$6.22M-HK$3.20M
Net income-HK$55.3M-HK$107M-HK$13.8M-HK$11.2M-HK$10.4M
Free cash flow-HK$5.05M-HK$23.4M-HK$11.5MHK$49.3MHK$6.51M
Capital expenditureHK$2.98MHK$7.16MHK$1.80MHK$1.79MHK$12.4M
Total debtn/aHK$116MHK$62.6MHK$44.8MHK$0

Quarterly statements and history in the cockpit →

Star Shine 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

0%+20%+40%0%+20%1476SHOOBOSS22320551FIGS0028320025639904111770COLMUA80229910PVHKPRMILLKTB8111PAGEINDVSTS1440.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Star Shine is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×20×40×1476SHOOBOSS2232FIGS00283299041117708022KPRMILLPAGEIND1440.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Star Shine is the large dot.

Star Shine competitors and peer comparison

How Star Shine 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.

Star Shine against its 20 peers (data as of 6 Nov 2026)
Measure1440.HKPeer medianRank in peer set
1-month return-11.2%+6.6%lowest of 21
6-month return+34.0%+1.8%4th highest of 21
Distance from 52-week high-24.4%-14.7%7th lowest of 21
Revenue growth (TTM)-33.3%+4.1%lowest of 21
Operating margin-2.8%9.1%lowest of 21
EV / Sales51.3×1.1×most expensive of 21
ROIC minus cost of capital-25.1 pp+7.2 pplowest of 21
Net debt / EBITDA-38.4×0.4×least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Star Shine 1440.HKHong Kong$2.85B+34%-33%-3%51.3×n/an/a
Eclat Textile 1476.TWTaiwan$2.88B+3%0%20%2.1×-8.9%+6.2%
Steven Madden SHOOUnited States$2.89B-3%+18%9%1.2×5.9%+16.1%
Hugo Boss BOSS.DEGermany$2.90B+8%-5%8%0.8×-6.6%+17.0%
Crystal International 2232.HKHong Kong$2.92B+23%+4%10%0.9×-5.3%+6.0%
Yue Yuen Industrial (Holdings) 0551.HKHong Kong$2.75B-7%-3%3%0.5×2.4%-0.9%
FIGS FIGSUnited States$3.29B+37%+25%10%4.3×25.5%+19.1%
BIEM.L.FDLKK Garment 002832.SZChina$2.46B+42%+23%15%2.9×0.0%+13.3%
Zhejiang Semir Garment 002563.SZChina$2.42B-1%+4%7%0.8×-8.1%-0.1%
Pou Chen 9904.TWTaiwan$2.29B0%-7%3%0.8×5.9%+0.1%
Youngone 111770.KSSouth Korea$2.27B-13%+15%14%0.5×n/an/a
Columbia Sportswear COLMUnited States$3.61B+12%0%8%1.1×4.6%+6.3%
Under Armour UAUnited States$2.23B-19%-3%1%0.7×n/an/a
Mizuno 8022.TJapan$2.10B+27%+10%9%1.1×4.9%+11.5%
Feng Tay Enterprise 9910.TWTaiwan$2.08B0%-4%7%0.9×-5.9%+3.9%
PVH PVHUnited States$4.15B+1%+2%8%0.8×2.5%+4.6%
K.P.R. Mill KPRMILL.NSIndia$4.21B+19%+6%18%5.3×29.9%+13.3%
Kontoor Brands KTBUnited States$4.21B+5%+16%13%1.8×1.1%+8.5%
Goldwin 8111.TJapan$1.93B-1%+4%18%1.8×-6.3%+8.7%
Page Industries PAGEIND.NSIndia$4.22B-4%+8%19%7.5×27.7%+13.1%
Vestis VSTSUnited States$1.88B+54%0%4%1.2×15.8%+1.3%

Questions

Which companies are Star Shine's closest peers?
The cockpit's peer set: Eclat Textile (1476.TW), Steven Madden (SHOO), Hugo Boss (BOSS.DE), Crystal International (2232.HK), Yue Yuen Industrial (Holdings) (0551.HK), FIGS (FIGS), BIEM.L.FDLKK Garment (002832.SZ), Zhejiang Semir Garment (002563.SZ).
Is Star Shine expensive compared with its peers?
On ev / sales it trades at 51.3× against a peer median of 1.1×, most expensive of 21 in its peer set.
How has Star Shine stock performed?
Over six months to 6 Nov 2026 the shares returned +34.0% against +1.8% for the median peer; over one year +87.0%.

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.