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Employees: 1,139
Size China Gingko Education (1851.HK) is a Hong Kong Consumer Discretionary company (Other Consumer Services) with a market value of $629M, the 701st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$9.86 on 6 Nov 2026.
Performance Over six months the shares gained 56.0%, against -13.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 14.4% over the last twelve months (peer median +2.4%); the operating margin is 38.2% (peer median 10.8%).
Valuation It trades at 10.9× enterprise value to sales against a peer median of 1.8× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.5 points above its cost of capital (5.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$468M | HK$435M | HK$404M | HK$392M | HK$333M |
| Revenue growth | — | +8% | +3% | +18% | — |
| Gross profit | HK$238M | HK$232M | HK$221M | HK$230M | HK$185M |
| EBITDA | HK$238M | HK$237M | HK$214M | HK$223M | HK$167M |
| Net income | HK$175M | HK$176M | HK$166M | HK$164M | HK$98.9M |
| Free cash flow | HK$43.5M | HK$124M | HK$95.2M | HK$85.4M | HK$32.0M |
| Capital expenditure | HK$141M | HK$102M | HK$117M | HK$156M | HK$178M |
| Total debt | n/a | HK$201M | HK$331M | HK$374M | HK$451M |
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 | 1851.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | -1.9% | 5th highest of 21 |
| 6-month return | +56.0% | -13.4% | 2nd highest of 21 |
| Distance from 52-week high | -15.2% | -39.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +14.4% | +2.4% | 7th highest of 21 |
| Operating margin | 38.2% | 10.8% | 2nd highest of 21 |
| EV / Sales | 10.9× | 1.8× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.9% | 1.1% | 4th most demanding of 17 |
| Growth delivered (Del g) | +16.9% | +15.1% | 7th highest of 17 |
| Hurdle (Req g minus delivered) | -11.1 pp | -18.2 pp | 5th most demanding of 17 |
| ROIC minus cost of capital | +4.5 pp | +2.6 pp | 9th highest of 20 |
| EV / EBITDA | 21.3× | 7.3× | 2nd most expensive of 13 |
| Net debt / EBITDA | 0.6× | -0.5× | 4th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Gingko Education 1851.HK | Hong Kong | $629M | +56% | +14% | 38% | 10.9× | 5.9% | +16.9% |
| eDreams ODIGEO EDR.MC | Spain | $637M | +59% | -3% | 12% | 1.3× | 2.9% | +44.2% |
| Yunnan Tourism 002059.SZ | China | $606M | -19% | -24% | -62% | 12.4× | n/a | n/a |
| Curves 7085.T | Japan | $601M | +27% | +16% | 18% | 2.1× | -0.7% | +11.9% |
| Beauty Farm Medical & Health Industry 2373.HK | Hong Kong | $585M | -9% | +23% | 16% | 0.9× | -16.4% | +14.0% |
| American Public Education APEI | United States | $682M | -34% | +4% | 10% | 0.9× | 0.4% | +15.1% |
| Lijiang Yulong Tourism 002033.SZ | China | $687M | -12% | +8% | 37% | 4.7× | 0.8% | +14.8% |
| Lungyen Life Service 5530.TWO | Taiwan | $565M | +1% | -17% | 20% | 2.5× | n/a | n/a |
| China CYTS Tours 600138.SS | China | $737M | -25% | +15% | 3% | 1.0× | 1.5% | +9.7% |
| UTour 002707.SZ | China | $740M | -15% | -9% | 2% | 0.6× | 9.7% | +33.8% |
| Emei Shan Tourism 000888.SZ | China | $789M | -16% | -8% | 15% | 3.9× | 3.2% | +15.1% |
| Dalian Sunasia Tourism 600593.SS | China | $793M | +19% | +5% | 32% | 12.0× | n/a | n/a |
| Thomas Cook (India) THOMASCOOK.NS | India | $499M | +1% | -7% | 3% | 0.5× | 13.8% | +60.2% |
| H.I.S.Co 9603.T | Japan | $492M | 0% | +4% | 3% | 0.4× | -1.9% | -2.8% |
| Caissa Tourism 000796.SZ | China | $805M | -36% | +42% | -10% | 5.5× | n/a | n/a |
| Mader MAD.AX | Australia | $806M | -29% | +15% | 9% | 1.1× | 5.2% | +26.9% |
| China Travel International Investment Hong Kong 0308.HK | Hong Kong | $809M | 0% | -7% | 11% | 1.9× | 5.4% | +15.7% |
| Vicom WJP.SI | Singapore | $489M | -1% | +29% | 34% | 3.5× | -8.4% | +14.1% |
| Shenzhen Silver Basis Technology 002786.SZ | China | $483M | -17% | +1% | 1% | 1.6× | 29.9% | -6.6% |
| TripAdvisor TRIP | United States | $820M | -38% | -4% | 5% | 0.5× | -6.6% | +25.6% |
| Shaanxi Tourism Culture Industry 603402.SS | China | $832M | -36% | -18% | 54% | 3.1× | -15.9% | +27.6% |