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Employees: 130
Size ZO Future (2309.HK) is a Hong Kong Communication Services company (Movies/Entertainment) with a market value of $326M, the 869th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.77 on 6 Nov 2026.
Performance Over six months the shares gained 6.1%, against -5.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 63.8% over the last twelve months (peer median +5.7%); the operating margin is -42.0% (peer median 6.2%).
Valuation It trades at 16.3× enterprise value to sales against a peer median of 1.9× (most expensive of 21).
Capital Return on invested capital runs 13.7 points below its cost of capital (5.3% WACC).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | HK$163M | HK$163M | HK$152M | HK$275M | HK$217M |
| Revenue growth | — | +8% | -45% | +27% | — |
| Gross profit | HK$51.5M | HK$51.5M | HK$37.8M | -HK$339M | -HK$234M |
| EBITDA | -HK$52.6M | -HK$52.6M | -HK$76.7M | -HK$306M | -HK$225M |
| Net income | -HK$246M | -HK$246M | -HK$314M | -HK$183M | -HK$25.7M |
| Free cash flow | n/a | -HK$307M | -HK$625M | -HK$525M | -HK$269M |
| Capital expenditure | n/a | HK$106M | HK$285M | HK$226M | HK$43.4M |
| Total debt | n/a | HK$149M | HK$1.20B | HK$628M | HK$341M |
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 | 2309.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +110.7% | +0.4% | highest of 21 |
| 6-month return | +6.1% | -5.7% | 5th highest of 21 |
| Distance from 52-week high | -39.5% | -24.5% | 6th lowest of 21 |
| Revenue growth (TTM) | -63.8% | +5.7% | lowest of 21 |
| Operating margin | -42.0% | 6.2% | 2nd lowest of 21 |
| EV / Sales | 16.3× | 1.9× | most expensive of 21 |
| ROIC minus cost of capital | -13.7 pp | -2.7 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ZO Future 2309.HK | Hong Kong | $326M | +6% | -64% | -42% | 16.3× | n/a | n/a |
| Wonderla Holidays WONDERLA.NS | India | $322M | -9% | +35% | 17% | 4.0× | n/a | n/a |
| AEON Fantasy 4343.T | Japan | $342M | +7% | +10% | 7% | 0.9× | n/a | n/a |
| Olympique Lyonnais Groupe OLG.PA | France | $306M | -27% | -12% | -159% | 4.5× | n/a | n/a |
| Haichang Ocean Park 2255.HK | Hong Kong | $349M | -52% | -16% | -42% | 5.7× | n/a | n/a |
| Gaumont GAM.PA | France | $353M | 0% | +42% | -11% | 1.6× | n/a | n/a |
| PARKEN Sport & Entertainment A/S PARKEN.CO | Denmark | $368M | +40% | +42% | 8% | 1.7× | 3.0% | +28.3% |
| Borussia Dortmund GmbH & Co. KGaA BVB.DE | Germany | $384M | +2% | -12% | -4% | 0.8× | -11.4% | +6.6% |
| Codere Online Luxembourg CDRO | United States | $386M | -6% | +9% | 3% | 1.3× | 19.6% | +24.2% |
| Tohokushinsha Film 2329.T | Japan | $405M | -23% | +6% | 6% | 0.5× | -6.6% | -2.0% |
| TVZone Media 603721.SS | China | $412M | -6% | +6% | 3% | 8.5× | n/a | n/a |
| Winvia Entertainment WVIA.L | United Kingdom | $417M | +31% | +100% | 10% | 1.4× | 7.6% | +99.9% |
| Starz Entertainment STRZ | United States | $425M | +25% | -8% | -5% | 0.9× | n/a | n/a |
| Wuhan MC Culture & Sports 600136.SS | China | $425M | -22% | -39% | -4% | 7.1× | 51.0% | -6.4% |
| Blue Ant Media BAMI.TO | Canada | $429M | -1% | +5% | 10% | 3.3× | 12.7% | -2.1% |
| TWC Enterprises TWC.TO | Canada | $447M | +4% | -3% | 19% | 2.0× | -6.0% | +12.0% |
| Guangzhou Jinyi Media 002905.SZ | China | $515M | -11% | -15% | -14% | 5.2× | 8.1% | +14.3% |
| Studio Dragon 253450.KS | South Korea | $515M | -33% | +24% | 9% | 1.2× | n/a | n/a |
| Lucky Strike Entertainment LUCK | United States | $518M | -54% | +4% | 13% | 3.1× | n/a | n/a |
| Tivoli A/S TIV.CO | Denmark | $536M | -3% | +6% | 10% | 2.8× | 8.8% | +23.0% |
| Maoyan Entertainment 1896.HK | Hong Kong | $547M | -38% | -7% | 9% | 0.1× | n/a | n/a |