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Employees: 24,656
Size Texhong International (2678.HK) is a Hong Kong Consumer Discretionary company (Textiles) with a market value of $587M, the 721st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.01 on 6 Nov 2026.
Performance Over six months the shares fell 31.9%, against -21.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +6.4%); the operating margin is 7.5% (peer median 6.7%).
Valuation It trades at 3.0× forward earnings against a peer median of 13.0× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.5 points above its cost of capital (6.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$26.2B | HK$24.6B | HK$25.0B | HK$25.1B | HK$27.7B |
| Revenue growth | — | -1% | -1% | -9% | — |
| Gross profit | HK$3.98B | HK$3.31B | HK$3.01B | HK$1.49B | HK$3.09B |
| EBITDA | HK$3.03B | HK$2.47B | HK$2.17B | HK$675M | HK$1.77B |
| Net income | HK$1.47B | HK$990M | HK$607M | -HK$415M | HK$182M |
| Free cash flow | HK$2.65B | HK$2.98B | HK$3.45B | HK$507M | -HK$968M |
| Capital expenditure | HK$1.79B | HK$1.33B | HK$924M | HK$959M | HK$2.43B |
| Total debt | n/a | HK$6.15B | HK$7.00B | HK$8.73B | HK$9.94B |
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 | 2678.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -6.1% | 8th highest of 21 |
| 6-month return | -31.9% | -21.9% | 7th lowest of 21 |
| Distance from 52-week high | -34.4% | -40.8% | 9th highest of 21 |
| Revenue growth (TTM) | +6.2% | +6.4% | 11th highest of 21 |
| Operating margin | 7.5% | 6.7% | 11th highest of 21 |
| Forward P/E | 3.0× | 13.0× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -20.5% | 6.5% | least demanding of 14 |
| Growth delivered (Del g) | +2.3% | +4.5% | 5th lowest of 14 |
| Hurdle (Req g minus delivered) | -22.8 pp | -3.2 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +3.5 pp | +0.1 pp | 7th highest of 21 |
| EV / EBITDA | 2.6× | 12.5× | cheapest of 7 |
| Net debt / EBITDA | 1.0× | -0.6× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Texhong International 2678.HK | Hong Kong | $587M | -32% | +6% | 8% | 3.0× | -20.5% | +2.3% |
| Hangzhou Fuen 001312.SZ | China | $582M | -29% | -5% | 14% | n/a | -3.6% | -0.8% |
| Shinkong Textile 1419.TW | Taiwan | $574M | 0% | +19% | 9% | n/a | 10.8% | +17.1% |
| Fujibo 3104.T | Japan | $551M | -34% | +14% | 18% | 11.8× | 1.3% | +4.5% |
| Sumitomo Seika Chemicals 4008.T | Japan | $545M | +12% | +5% | 10% | n/a | -5.2% | +7.5% |
| Zhejiang Unifull Industrial Fiber 002427.SZ | China | $636M | -26% | +3% | 3% | n/a | n/a | n/a |
| Jiangsu Aoyang Health Industry 002172.SZ | China | $637M | +48% | -9% | 4% | n/a | n/a | n/a |
| Tainan Spinning 1440.TW | Taiwan | $639M | +2% | -21% | -4% | 60.7× | -0.5% | -3.9% |
| Beijing Sanlian Hope Shin-Gosen Technical Service 300384.SZ | China | $533M | -21% | -36% | 15% | 10.3× | 6.5% | -1.3% |
| Jiangsu Huaxicun 000936.SZ | China | $658M | -31% | +14% | -5% | n/a | n/a | n/a |
| Lu Thai Textile 000726.SZ | China | $658M | -9% | -3% | 8% | 10.5× | -20.4% | +4.5% |
| Fuchun Dye and Weave 605189.SS | China | $523M | -13% | +29% | 4% | 13.0× | 6.5% | +17.6% |
| AnHui Jinchun Nonwoven 300877.SZ | China | $522M | -3% | +28% | 3% | n/a | 18.0% | 0.0% |
| Anhui Huamao Textile 000850.SZ | China | $504M | -22% | +8% | 3% | n/a | n/a | n/a |
| Zhejiang Chinastars New Materials 301077.SZ | China | $501M | -36% | +37% | 13% | n/a | 6.9% | +4.3% |
| Baotek Industrial Materials 5340.TWO | Taiwan | $498M | -33% | +15% | 16% | n/a | 23.1% | +9.5% |
| Hs Hyosung Advanced 298050.KS | South Korea | $483M | -46% | +5% | 6% | 9.3× | n/a | n/a |
| Beijing Tongyizhong New Material Technology 688722.SS | China | $474M | -22% | +7% | 11% | 22.4× | 10.2% | +28.0% |
| Guangdong Highsun Meida New Materials 000782.SZ | China | $728M | -4% | 0% | -5% | n/a | n/a | n/a |
| Zhejiang Yingfeng Technology 605055.SS | China | $472M | -34% | +12% | -4% | 56.8× | 7.4% | +15.3% |
| Jiangsu Jujie Microfiber Technology 300819.SZ | China | $734M | -42% | +5% | 9% | 66.9× | n/a | n/a |