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Employees: 1,290
Size Dmall (2586.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $922M, the 613th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$7.70 on 6 Nov 2026.
Performance Over six months the shares gained 8.3%, against -8.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue grew 19.3% over the last twelve months (peer median +14.0%); the operating margin is 6.7% (peer median 0.0%).
Valuation It trades at 25.2× forward earnings against a peer median of 30.6× (6th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +35%, so the hurdle is -28 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.3 points above its cost of capital (5.3% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$2.57B | HK$2.41B | HK$2.02B | HK$1.75B | HK$1.54B |
| Revenue growth | — | +20% | +15% | +13% | — |
| Gross profit | HK$958M | HK$912M | HK$799M | HK$583M | HK$540M |
| EBITDA | HK$241M | HK$162M | -HK$11.2M | -HK$354M | -HK$591M |
| Net income | HK$196M | HK$145M | -HK$2.66B | -HK$655M | -HK$939M |
| Free cash flow | HK$159M | HK$80.4M | -HK$69.7M | -HK$263M | -HK$262M |
| Capital expenditure | HK$48.1M | HK$49.7M | HK$9.53M | HK$7.23M | HK$19.8M |
| Total debt | n/a | HK$410M | HK$593M | HK$8.29B | HK$7.55B |
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 | 2586.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.3% | +1.4% | 5th lowest of 21 |
| 6-month return | +8.3% | -8.2% | 7th highest of 19 |
| Distance from 52-week high | -20.4% | -43.1% | 4th highest of 21 |
| Revenue growth (TTM) | +19.3% | +14.0% | 9th highest of 21 |
| Operating margin | 6.7% | 0.0% | 8th highest of 21 |
| Forward P/E | 25.2× | 30.6× | 6th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 6.6% | 18.3% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +34.6% | +12.3% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -28.0 pp | +7.8 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +19.3 pp | -5.4 pp | 3rd highest of 20 |
| EV / EBITDA | 28.9× | 15.9× | most expensive of 7 |
| Net debt / EBITDA | -1.4× | 1.6× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dmall 2586.HK | Hong Kong | $922M | +8% | +19% | 7% | 25.2× | 6.6% | +34.6% |
| BZS (Beijing) Technology Development 603082.SS | China | $925M | +9% | +22% | 6% | n/a | 19.0% | +13.7% |
| Hangzhou Raycloud Technology 688365.SS | China | $926M | -27% | +14% | -1% | 1,448.0× | n/a | n/a |
| Asiainfo Security Technologies 688225.SS | China | $917M | -4% | -4% | -7% | 89.9× | n/a | n/a |
| N-able NABL | United States | $914M | -1% | +10% | 3% | 11.6× | 26.5% | +10.9% |
| Playtika PLTK | United States | $931M | -33% | +6% | 17% | 3.8× | -16.4% | +3.0% |
| ODDITY Tech ODD | United States | $931M | +36% | -10% | -1% | 19.7× | n/a | n/a |
| Guotai Epoint Software 688232.SS | China | $932M | -13% | -9% | 0% | 87.7× | 29.4% | -3.0% |
| Tier IV 593A.T | Japan | $913M | n/a | +66% | -164% | n/a | n/a | n/a |
| RateGain Travel Technologies RATEGAIN.NS | India | $910M | +15% | +114% | 15% | 22.9× | 32.4% | +48.7% |
| Beijing CTJ Information Technology 301153.SZ | China | $939M | -15% | +23% | 15% | 40.9× | 17.7% | +7.0% |
| Shandong Extreme Vision Technology 6636.HK | Hong Kong | $939M | -34% | +14% | -19% | 281.5× | n/a | n/a |
| GuoChuang Software 300520.SZ | China | $955M | -40% | -14% | -12% | n/a | n/a | n/a |
| Qt Group Plc QTCOM.HE | Finland | $887M | +62% | +17% | 16% | 26.8× | 16.4% | +22.2% |
| HealthStream HSTM | United States | $884M | +21% | +10% | 8% | 38.7× | 14.6% | +4.4% |
| Kakao Games 293490.KS | South Korea | $962M | +3% | -21% | -27% | n/a | n/a | n/a |
| Shiprocket SHIPROCKET.NS | India | $963M | n/a | +24% | -5% | n/a | 56.2% | +23.0% |
| Nexwise Intelligence China 301248.SZ | China | $967M | -47% | +11% | 13% | 30.6× | n/a | n/a |
| Timee 215A.T | Japan | $878M | +9% | +56% | 18% | 21.0× | 0.0% | +89.1% |
| Beijing Shenzhou Aerospace Software Technology 688562.SS | China | $878M | -21% | +24% | -5% | n/a | n/a | n/a |
| Chengdu Information Technology of Chinese Academy of Sciences 300678.SZ | China | $969M | -24% | +100% | 0% | n/a | n/a | n/a |