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China's leading domestic maker of industrial robots and motion-control/automation systems for factories.
China's leading domestic maker of industrial robots and motion-control/automation systems for factories.
The Hong Kong line of the same company as the Shenzhen shares. It sells through a direct sales force to large manufacturers and through system integrators that customise robot cells, so revenue follows factory-automation spending in auto and EV, with domestic robots replacing foreign suppliers.
In one line: China's Fanuc/ABB Robotics challenger.
Moat: narrow (process know-how, scale, installed base). Largest domestic industrial-robot maker in China with vertically integrated core components (servos, controllers).
Headquarters: Nanjing, China · Founded: 1993 · Employees: 3,261
Size Estun Automation (2715.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $3.79B, the 303rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.33 on 6 Nov 2026.
Performance Over six months the shares fell 8.9%, against -13.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 13.1% over the last twelve months (peer median +7.5%); the operating margin is 3.8% (peer median 9.8%).
Valuation It trades at 42.2× forward earnings against a peer median of 19.6× (6th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.1 points below its cost of capital (5.2% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$5.43B | HK$5.29B | HK$4.34B | HK$5.13B | HK$4.50B |
| Revenue growth | — | +22% | -15% | +14% | — |
| Gross profit | HK$1.82B | HK$1.41B | HK$1.14B | HK$1.51B | HK$1.40B |
| EBITDA | n/a | HK$392M | -HK$123M | HK$411M | HK$451M |
| Net income | HK$212M | HK$48.8M | -HK$879M | HK$149M | HK$193M |
| Free cash flow | HK$235M | HK$231M | -HK$438M | -HK$402M | -HK$274M |
| Capital expenditure | HK$239M | HK$339M | HK$371M | HK$460M | HK$329M |
| Total debt | HK$4.54B | HK$5.14B | HK$5.93B | HK$5.49B | HK$3.84B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Estun Automation 2715.HK | $3.79B | -9% | +13% | 4% | 42.2× | 28.7% |
| Fanuc 6954.T | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
| Yaskawa Electric 6506.T | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% |
| SIASUN Robot & Automation 300024.SZ | $3.12B | -11% | +11% | -7% | 235.7× | n/a |
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 | 2715.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | +1.0% | 9th lowest of 21 |
| 6-month return | -8.9% | -13.6% | 8th highest of 20 |
| Distance from 52-week high | -49.1% | -31.2% | 4th lowest of 21 |
| Revenue growth (TTM) | +13.1% | +7.5% | 7th highest of 21 |
| Operating margin | 3.8% | 9.8% | 2nd lowest of 21 |
| Forward P/E | 42.2× | 19.6× | 6th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 28.7% | 7.5% | 2nd most demanding of 13 |
| Growth delivered (Del g) | +13.5% | +9.2% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | +15.2 pp | -2.6 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | -0.1 pp | -0.5 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Estun Automation 2715.HK | Hong Kong | $3.79B | -9% | +13% | 4% | 42.2× | 28.7% | +13.5% |
| Ningbo Zhenyu Technology 300953.SZ | China | $3.77B | -35% | +58% | 6% | 21.2× | n/a | n/a |
| Mueller Water Products MWA | United States | $3.75B | -9% | +6% | 21% | 15.3× | 2.4% | +5.8% |
| Aixtron AIXA.DE | Germany | $3.84B | -45% | -9% | 16% | 42.6× | 5.7% | +15.6% |
| Voltas VOLTAS.NS | India | $3.84B | -19% | +4% | 4% | 50.1× | n/a | n/a |
| Zijin Longking 600388.SS | China | $3.70B | -6% | +13% | 11% | 17.4× | n/a | n/a |
| Avic Aviation High-Technology 600862.SS | China | $3.92B | -6% | -3% | 22% | 31.2× | 6.0% | +11.4% |
| Sumitomo Heavy Industries 6302.T | Japan | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% | +4.3% |
| Krones KRN.DE | Germany | $3.94B | -7% | +3% | 7% | 11.2× | -1.8% | +11.3% |
| Haitian International 1882.HK | Hong Kong | $3.64B | -18% | +8% | 17% | 7.4× | -11.5% | +7.7% |
| Kunshan Kinglai Hygienic Materials 300260.SZ | China | $3.61B | -12% | +11% | 8% | 73.2× | n/a | n/a |
| Danieli & C. Officine Meccaniche DAN.MI | Italy | $3.60B | -24% | -8% | -6% | 13.5× | n/a | n/a |
| THK 6481.T | Japan | $3.52B | -16% | +8% | 7% | 10.6× | 24.8% | +1.9% |
| Amada 6113.T | Japan | $4.10B | -20% | +18% | 10% | 15.9× | 8.7% | +11.8% |
| Anhui Yingliu Electromechanical 603308.SS | China | $3.50B | -58% | +38% | 13% | 42.0× | n/a | n/a |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Jiangsu Gao Kai Precision Fluid 688835.SS | China | $4.15B | n/a | +21% | 24% | n/a | n/a | n/a |
| Shenzhen Zhaowei Machinery & Electronics 003021.SZ | China | $3.45B | +6% | 0% | 9% | 124.4× | 46.0% | +7.5% |
| Franklin Electric FELE | United States | $4.16B | -5% | +7% | 13% | 18.0× | 9.2% | +11.3% |
| DMG MORI Aktiengesellschaft GIL.DE | Germany | $4.17B | 0% | +3% | 5% | n/a | 11.3% | +2.7% |