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Employees: 5,343
Size Beauty Farm Medical & Health Industry (2373.HK) is a Hong Kong Consumer Discretionary company (Other Consumer Services) with a market value of $585M, the 723rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$18.28 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -8.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 22.7% over the last twelve months (peer median +3.0%); the operating margin is 15.9% (peer median 10.9%).
Valuation It trades at 8.7× forward earnings against a peer median of 20.0× (2nd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 98.7 points above its cost of capital (8.5% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$3.83B | HK$3.25B | HK$2.79B | HK$2.37B | HK$1.90B |
| Revenue growth | — | +17% | +18% | +25% | — |
| Gross profit | HK$1.86B | HK$1.54B | HK$1.24B | HK$1.05B | HK$809M |
| EBITDA | HK$1.16B | HK$906M | HK$736M | HK$634M | HK$462M |
| Net income | HK$430M | HK$344M | HK$248M | HK$238M | HK$120M |
| Free cash flow | HK$1.20B | HK$1.02B | HK$778M | HK$522M | HK$281M |
| Capital expenditure | HK$97.7M | HK$72.7M | HK$124M | HK$176M | HK$164M |
| Total debt | n/a | HK$1.44B | HK$778M | HK$620M | HK$590M |
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 | 2373.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -1.3% | 8th highest of 21 |
| 6-month return | -8.8% | -8.1% | 10th lowest of 21 |
| Distance from 52-week high | -41.2% | -35.2% | 4th lowest of 21 |
| Revenue growth (TTM) | +22.7% | +3.0% | 2nd highest of 21 |
| Operating margin | 15.9% | 10.9% | 8th highest of 21 |
| Forward P/E | 8.7× | 20.0× | 2nd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -16.4% | 2.2% | least demanding of 17 |
| Growth delivered (Del g) | +14.0% | +14.9% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | -30.5 pp | -12.9 pp | 4th least demanding of 17 |
| ROIC minus cost of capital | +98.7 pp | +0.8 pp | highest of 19 |
| EV / EBITDA | 2.9× | 8.1× | cheapest of 13 |
| Net debt / EBITDA | -1.1× | 0.6× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beauty Farm Medical & Health Industry 2373.HK | Hong Kong | $585M | -9% | +23% | 16% | 8.7× | -16.4% | +14.0% |
| Curves 7085.T | Japan | $601M | +27% | +16% | 18% | 16.7× | -0.7% | +11.9% |
| Lungyen Life Service 5530.TWO | Taiwan | $565M | +1% | -17% | 20% | n/a | n/a | n/a |
| Yunnan Tourism 002059.SZ | China | $606M | -19% | -24% | -62% | n/a | n/a | n/a |
| China Gingko Education 1851.HK | Hong Kong | $629M | +56% | +14% | 38% | n/a | 5.9% | +16.9% |
| eDreams ODIGEO EDR.MC | Spain | $637M | +59% | -3% | 12% | 15.5× | 2.9% | +44.2% |
| American Public Education APEI | United States | $682M | -34% | +4% | 10% | 14.5× | 0.4% | +15.1% |
| Thomas Cook (India) THOMASCOOK.NS | India | $499M | +1% | -7% | 3% | 23.1× | 13.8% | +60.2% |
| Lijiang Yulong Tourism 002033.SZ | China | $687M | -12% | +8% | 37% | 18.3× | 0.8% | +14.8% |
| H.I.S.Co 9603.T | Japan | $492M | 0% | +4% | 3% | n/a | -1.9% | -2.8% |
| Vicom WJP.SI | Singapore | $489M | -1% | +29% | 34% | 21.7× | -8.4% | +14.1% |
| Shenzhen Silver Basis Technology 002786.SZ | China | $483M | -17% | +1% | 1% | n/a | 29.9% | -6.6% |
| China CYTS Tours 600138.SS | China | $737M | -25% | +15% | 3% | 43.9× | 1.5% | +9.7% |
| UTour 002707.SZ | China | $740M | -15% | -9% | 2% | 76.6× | 9.7% | +33.8% |
| Rainbow Tours RBW.WA | Poland | $458M | -8% | +11% | 6% | 9.0× | -10.6% | +60.0% |
| ZJBC Information Technology 000889.SZ | China | $447M | -28% | -5% | 0% | n/a | n/a | n/a |
| Gym GYM.L | United Kingdom | $436M | +1% | +9% | 13% | 35.6× | 11.7% | +24.9% |
| Emei Shan Tourism 000888.SZ | China | $789M | -16% | -8% | 15% | 21.7× | 3.2% | +15.1% |
| Dalian Sunasia Tourism 600593.SS | China | $793M | +19% | +5% | 32% | n/a | n/a | n/a |
| Guilin Tourism 000978.SZ | China | $431M | -8% | +2% | -6% | n/a | 33.7% | +12.6% |
| Carriage Services CSV | United States | $426M | -41% | +1% | 23% | 8.3× | -4.3% | +4.9% |