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Employees: 34,618
Size Regina Miracle International (Holdings) (2199.HK) is a Hong Kong Consumer Discretionary company (Apparel/Footwear) with a market value of $386M, the 828th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.48 on 6 Nov 2026.
Performance Over six months the shares gained 26.3%, against -22.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +5.5%); the operating margin is 8.4% (peer median 5.9%).
Valuation It trades at 5.8× forward earnings against a peer median of 11.8× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (5.4% WACC).
Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$7.72B | HK$7.72B | HK$7.84B | HK$7.02B | HK$7.88B |
| Revenue growth | — | -2% | +12% | -11% | — |
| Gross profit | HK$1.63B | HK$1.63B | HK$1.71B | HK$1.47B | HK$1.76B |
| EBITDA | HK$1.14B | HK$1.14B | HK$1.22B | HK$1.14B | HK$1.36B |
| Net income | HK$283M | HK$283M | HK$184M | HK$143M | HK$383M |
| Free cash flow | HK$486M | HK$486M | HK$439M | -HK$1.98M | HK$800M |
| Capital expenditure | HK$302M | HK$302M | HK$423M | HK$439M | HK$440M |
| Total debt | n/a | HK$4.30B | HK$4.37B | HK$4.28B | HK$4.12B |
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 | 2199.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | -4.9% | 3rd highest of 21 |
| 6-month return | +26.3% | -22.5% | 2nd highest of 21 |
| Distance from 52-week high | -10.0% | -36.5% | 2nd highest of 21 |
| Revenue growth (TTM) | -1.6% | +5.5% | 5th lowest of 21 |
| Operating margin | 8.4% | 5.9% | 8th highest of 21 |
| Forward P/E | 5.8× | 11.8× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -9.2% | 11.3% | 5th least demanding of 15 |
| Growth delivered (Del g) | +5.3% | +7.9% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -14.4 pp | -5.8 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | +2.9 pp | -0.1 pp | 7th highest of 21 |
| EV / EBITDA | 5.6× | 8.1× | 5th cheapest of 14 |
| Net debt / EBITDA | 3.0× | -0.3× | most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Regina Miracle International (Holdings) 2199.HK | Hong Kong | $386M | +26% | -2% | 8% | 5.8× | -9.2% | +5.3% |
| Rocky Brands RCKY | United States | $387M | +37% | +11% | 10% | 12.6× | 10.6% | +11.7% |
| Shanghai Kaikai Industrial 600272.SS | China | $386M | +3% | +1% | 3% | n/a | 15.2% | +8.2% |
| Fulgent Sun International (Holding) 9802.TW | Taiwan | $382M | -22% | +11% | 6% | 8.1× | n/a | n/a |
| F&F 007700.KS | South Korea | $380M | -31% | +7% | 23% | 1.2× | n/a | n/a |
| Shenzhen Ellassay Fashion 603808.SS | China | $401M | -35% | 0% | 10% | 13.1× | -15.0% | +7.8% |
| Anhui Anli Material Technology 300218.SZ | China | $402M | -20% | -3% | 3% | 27.0× | 25.1% | +8.0% |
| Xin Hee 003016.SZ | China | $404M | -24% | +9% | 2% | 27.0× | 14.9% | -4.2% |
| Lux Industries LUXIND.NS | India | $370M | -23% | +4% | 5% | 23.5× | n/a | n/a |
| China Lilang 1234.HK | Hong Kong | $406M | -27% | +21% | 12% | 4.8× | n/a | n/a |
| Sports Gear 6768.TW | Taiwan | $359M | -26% | -2% | 0% | 11.0× | 15.4% | +8.6% |
| Jinhong Fashion 603518.SS | China | $357M | -30% | -4% | 8% | 8.1× | -5.8% | +4.6% |
| Shanghai Dragon 600630.SS | China | $420M | -21% | +9% | 2% | n/a | 26.5% | -10.9% |
| Annil 002875.SZ | China | $350M | -56% | +9% | -5% | n/a | n/a | n/a |
| LF Corp. 093050.KS | South Korea | $426M | -13% | 0% | 9% | 5.0× | -12.5% | +3.2% |
| TSI 3608.T | Japan | $430M | -11% | +29% | 2% | 8.4× | n/a | n/a |
| Zhejiang Giuseppe Garment 002687.SZ | China | $432M | +18% | -1% | 8% | 32.9× | 12.1% | +3.0% |
| Great Giant Fibre Garment 4441.TW | Taiwan | $343M | -14% | +58% | 15% | 8.6× | -11.8% | +10.4% |
| Raymond Lifestyle RAYMONDLSL.NS | India | $343M | -35% | +11% | 3% | 19.7× | 20.0% | +276.1% |
| ShenZhen HuiJie 002763.SZ | China | $437M | -24% | -3% | 6% | n/a | -11.8% | +4.9% |
| Marimekko MEKKO.HE | Finland | $437M | -1% | +2% | 16% | 15.2× | -1.5% | +8.9% |