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Chinese maker of power tools and outdoor equipment, selling under its own EGO and Flex brands and as an OEM/ODM for global retailers.
Chinese maker of power tools and outdoor equipment, selling under its own EGO and Flex brands and as an OEM/ODM for global retailers.
Contract manufacturing gives volume from a few big brand customers, but own brands, led by EGO's battery-powered outdoor tools, earn better margins, so the mix between the two shapes results. North America is the key market for the brands.
In one line: China's answer to a private-label Stanley Black & Decker supplier.
Moat: narrow (process know-how, scale, brand). Strong battery/cordless-tool engineering and its own EGO brand differentiate it from pure contract manufacturers.
Headquarters: Nanjing, China · Founded: 1993 · Employees: 6,887
Size Chervon (2285.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $2.32B, the 388th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$35.74 on 6 Nov 2026.
Performance Over six months the shares gained 103.2%, against -22.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 6.5% over the last twelve months (peer median +13.6%); the operating margin is 7.8% (peer median 7.9%).
Valuation It trades at 15.7× forward earnings against a peer median of 24.2× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.1 points above its cost of capital (9.9% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$13.6B | HK$12.7B | HK$13.8B | HK$10.8B | HK$15.6B |
| Revenue growth | — | -8% | +29% | -31% | — |
| Gross profit | HK$4.97B | HK$4.18B | HK$4.80B | HK$3.03B | HK$4.73B |
| EBITDA | HK$1.49B | HK$1.10B | HK$1.73B | HK$90.0M | HK$2.12B |
| Net income | HK$850M | HK$761M | HK$878M | -HK$291M | HK$1.09B |
| Free cash flow | HK$271M | HK$1.19B | HK$713M | -HK$2.08B | -HK$583M |
| Capital expenditure | HK$504M | HK$573M | HK$575M | HK$701M | HK$565M |
| Total debt | n/a | HK$2.30B | HK$2.58B | HK$2.77B | HK$2.93B |
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 |
|---|---|---|---|---|---|---|
| Chervon 2285.HK | $2.32B | +103% | -6% | 8% | 15.7× | 12.1% |
| Techtronic Ind 0669.HK | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% |
| Stanley Black & Decker SWK | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% |
| Makita 6586.T | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% |
| Husqvarna HUSQ-A.ST | $1.94B | -24% | -6% | 6% | 13.5× | -2.0% |
| Toro TTC | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% |
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 | 2285.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.3% | -8.0% | 3rd highest of 21 |
| 6-month return | +103.2% | -22.4% | highest of 21 |
| Distance from 52-week high | -2.7% | -42.9% | highest of 21 |
| Revenue growth (TTM) | -6.5% | +13.6% | 4th lowest of 21 |
| Operating margin | 7.8% | 7.9% | 10th lowest of 21 |
| Forward P/E | 15.7× | 24.2× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 12.1% | 21.6% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +6.4% | +12.2% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +5.7 pp | +4.4 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +2.1 pp | -1.2 pp | 7th highest of 21 |
| EV / EBITDA | 11.5× | 18.4× | 5th cheapest of 11 |
| Net debt / EBITDA | -0.7× | 0.3× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chervon 2285.HK | Hong Kong | $2.32B | +103% | -6% | 8% | 15.7× | 12.1% | +6.4% |
| Chengdu Xuguang Electronics 600353.SS | China | $2.32B | +8% | +13% | 7% | 64.5× | 53.1% | +12.8% |
| Zhuhai Bojay Electronics 002975.SZ | China | $2.32B | -13% | +71% | 18% | 41.2× | 34.2% | +6.0% |
| Organo 6368.T | Japan | $2.36B | -14% | +10% | 19% | 12.1× | 12.8% | +12.0% |
| Kalmar KALMAR.HE | Finland | $2.27B | -7% | +7% | 12% | 13.6× | -4.8% | -3.6% |
| ROBOTIS 108490.KS | South Korea | $2.37B | -30% | +52% | -16% | n/a | n/a | n/a |
| Yantai Eddie Precision Machinery 603638.SS | China | $2.38B | -22% | +35% | 16% | 28.8× | 15.1% | +7.3% |
| Amber Enterprises India AMBER.NS | India | $2.39B | -28% | +15% | 5% | 59.6× | n/a | n/a |
| Wonik IPS 240810.KS | South Korea | $2.39B | -43% | +9% | 8% | 14.7× | 29.4% | -3.6% |
| Munters MTRS.ST | Sweden | $2.40B | -34% | 0% | 9% | 26.2× | 12.4% | +16.0% |
| Doosan Robotics 454910.KS | South Korea | $2.41B | -54% | +97% | -91% | n/a | n/a | n/a |
| Japan Steel Works 5631.T | Japan | $2.41B | -46% | -1% | 10% | 17.0× | n/a | n/a |
| Timken India TIMKEN.NS | India | $2.43B | -12% | +19% | 16% | 46.1× | 36.2% | +19.8% |
| Wuxi Autowell Technology 688516.SS | China | $2.22B | -42% | -14% | 8% | 23.4× | n/a | n/a |
| Kunshan Kersen Science & Technology 603626.SS | China | $2.22B | +7% | -24% | -22% | 31.3× | n/a | n/a |
| Guangdong Dongfang Precision Science & Technology 002611.SZ | China | $2.50B | -19% | -16% | 8% | 20.2× | 17.8% | +12.4% |
| All Ring Tech 6187.TWO | Taiwan | $2.52B | -36% | +1% | 29% | 25.0× | 26.4% | +28.9% |
| Dmg Mori 6141.T | Japan | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% | +9.4% |
| Shenyang Machine Tool 000410.SZ | China | $2.11B | -14% | +29% | -3% | n/a | 25.3% | +22.7% |
| China Baoan 000009.SZ | China | $2.56B | -23% | +26% | 7% | n/a | n/a | n/a |
| CECO Environmental CECO | United States | $2.56B | -47% | +38% | 6% | 16.5× | n/a | n/a |