Loading…
Hong Kong subcontractor installing passive fire protection (fire-resistant boards, paints, mortars) in buildings and infrastructure.
Hong Kong subcontractor installing passive fire protection (fire-resistant boards, paints, mortars) in buildings and infrastructure.
Wins subcontracts from main contractors project by project, usually in competition, and is paid in stages as work is certified, so revenue is lumpy and depends on a few large projects at a time and on the pace of Hong Kong construction.
Moat: none (regulatory licence). Requires registered specialist contractor status, but is a competitive, project-based subcontracting trade.
Headquarters: Kwai Chung, Hong Kong · Founded: 2021 · Employees: 55
Size Easy Smart (2442.HK) is a Hong Kong Information Technology company (Computer Communications) with a market value of $2.72B, the 363rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$52.20 on 6 Nov 2026.
Performance Over six months the shares gained 72.4%, against +0.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — highest of 13 in its peer set.
Growth Revenue fell 33.5% over the last twelve months (peer median +7.5%); the operating margin is -15.2% (peer median 5.1%).
Valuation It trades at 101.6× enterprise value to sales against a peer median of 2.4× (most expensive of 13).
Capital Return on invested capital runs 22.4 points below its cost of capital (5.3% WACC).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | HK$209M | HK$209M | HK$314M | HK$353M | HK$337M |
| Revenue growth | — | -33% | -11% | +5% | — |
| Gross profit | -HK$1.68M | -HK$302,000 | HK$23.3M | HK$61.2M | HK$77.7M |
| EBITDA | -HK$26.1M | -HK$26.1M | HK$1.15M | HK$45.1M | HK$66.7M |
| Net income | -HK$30.6M | -HK$30.6M | -HK$476,000 | HK$35.8M | HK$43.8M |
| Free cash flow | -HK$40.3M | -HK$40.3M | -HK$26.9M | HK$30.8M | -HK$21.9M |
| Capital expenditure | HK$11.2M | HK$11.2M | HK$536,000 | HK$3.31M | HK$20,000 |
| Total debt | n/a | HK$26.0M | HK$1.40M | HK$2.87M | HK$1.14M |
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 | 2442.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.9% | -6.3% | highest of 13 |
| 6-month return | +72.4% | +0.3% | highest of 13 |
| Distance from 52-week high | -67.3% | -33.9% | 2nd lowest of 13 |
| Revenue growth (TTM) | -33.5% | +7.5% | lowest of 13 |
| Operating margin | -15.2% | 5.1% | lowest of 13 |
| EV / Sales | 101.6× | 2.4× | most expensive of 13 |
| ROIC minus cost of capital | -22.4 pp | -1.8 pp | lowest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Easy Smart 2442.HK | Hong Kong | $2.72B | +72% | -33% | -15% | 101.6× | n/a | n/a |
| Fujian Star-Net Communication 002396.SZ | China | $2.61B | +13% | +18% | 4% | 1.2× | n/a | n/a |
| dormakaba DOKA.SW | Switzerland | $3.47B | +28% | -3% | 13% | 1.2× | -9.3% | +2.2% |
| CIG Shanghai 6166.HK | Hong Kong | $4.11B | -63% | +45% | 11% | 4.9× | n/a | n/a |
| Nohmi Bosai 6744.T | Japan | $1.58B | 0% | +6% | 14% | 1.4× | -4.4% | +5.3% |
| Jade Bird Integrated Technologies 002960.SZ | China | $1.40B | -12% | -5% | 6% | 2.2× | 12.0% | +13.2% |
| Seojin System 178320.KS | South Korea | $1.33B | -52% | +9% | -5% | 2.5× | n/a | n/a |
| CICT Mobile Communication Technology Co., Ltd.Class A 688387.SS | China | $5.65B | -44% | -2% | -7% | 6.0× | n/a | n/a |
| Radware RDWR | United States | $1.26B | +9% | +11% | 4% | 3.2× | 32.4% | +3.8% |
| Shenzhen BSC Technology 300951.SZ | China | $1.11B | +33% | +16% | -5% | 4.2× | n/a | n/a |
| Hochiki 6745.T | Japan | $952M | 0% | +5% | 12% | 1.2× | -0.1% | +6.7% |
| Guangdong Shenglu Telecommunication Tech 002446.SZ | China | $928M | -32% | -10% | 0% | 5.7× | 43.5% | +1.0% |
| Nedap NEDAP.AS | Netherlands | $691M | +6% | +13% | 12% | 2.1× | -3.6% | +8.1% |