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Employees: 1,002
Size Ridge Outdoor International (2720.HK) is a Hong Kong Consumer Discretionary company (Recreational Products) with a market value of $353M, the 848th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$21.60 on 6 Nov 2026.
Performance Over six months the shares fell 14.1%, against -26.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 15.6% over the last twelve months (peer median +2.6%); the operating margin is 16.9% (peer median 3.9%).
Valuation It trades at 3.5× enterprise value to sales against a peer median of 1.8× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +26 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 50.0 points above its cost of capital (11.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | HK$718M | HK$622M | HK$512M | HK$952M |
| Revenue growth | — | +16% | +21% | -46% | — |
| Gross profit | n/a | HK$201M | HK$164M | HK$135M | HK$221M |
| EBITDA | n/a | HK$130M | HK$96.1M | HK$92.0M | HK$174M |
| Net income | n/a | HK$80.1M | HK$60.4M | HK$50.8M | HK$124M |
| Free cash flow | n/a | HK$56.3M | HK$48.8M | HK$98.2M | HK$292M |
| Capital expenditure | n/a | HK$4.43M | HK$2.46M | HK$1.31M | HK$3.76M |
| Total debt | n/a | HK$224M | HK$111M | HK$8.01M | HK$15.2M |
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 | 2720.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -4.6% | 10th lowest of 21 |
| 6-month return | -14.1% | -26.1% | 8th highest of 21 |
| Distance from 52-week high | -45.3% | -42.1% | 9th lowest of 21 |
| Revenue growth (TTM) | +15.6% | +2.6% | 5th highest of 21 |
| Operating margin | 16.9% | 3.9% | 3rd highest of 21 |
| EV / Sales | 3.5× | 1.8× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 17.3% | 9.9% | 4th most demanding of 13 |
| Growth delivered (Del g) | -8.9% | +5.2% | lowest of 13 |
| Hurdle (Req g minus delivered) | +26.3 pp | +2.1 pp | most demanding of 13 |
| ROIC minus cost of capital | +50.0 pp | -2.9 pp | highest of 19 |
| EV / EBITDA | 19.7× | 7.5× | most expensive of 14 |
| Net debt / EBITDA | -1.7× | -0.2× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ridge Outdoor International 2720.HK | Hong Kong | $353M | -14% | +16% | 17% | 3.5× | 17.3% | -8.9% |
| Alexander Marine 8478.TW | Taiwan | $346M | -27% | +29% | 25% | 2.7× | n/a | n/a |
| Jiangsu Kangliyuan Sports Technology 301287.SZ | China | $343M | -22% | +1% | 6% | 2.2× | 15.8% | -2.8% |
| GLOBERIDE 7990.T | Japan | $333M | +19% | +4% | 4% | 0.6× | 3.3% | +4.8% |
| Sportsoul 001300.SZ | China | $376M | -43% | -6% | -14% | 4.1× | n/a | n/a |
| Funko FNKO | United States | $377M | +28% | -4% | 3% | 0.6× | 13.0% | +6.8% |
| Shifeng Cultural Development 002862.SZ | China | $330M | -30% | -7% | -17% | 5.8× | n/a | n/a |
| JAKKS Pacific JAKK | United States | $388M | +45% | +9% | 4% | 0.6× | 10.8% | +2.0% |
| Malibu Boats MBUU | United States | $398M | -33% | +13% | 1% | 0.6× | 19.6% | -0.3% |
| Topkey 4536.TW | Taiwan | $401M | -3% | -10% | 16% | 1.0× | -15.6% | +4.9% |
| Jiangsu Jinling Sports Equipment 300651.SZ | China | $309M | -60% | +10% | 8% | 3.7× | 9.0% | -1.4% |
| Hailun Piano 300329.SZ | China | $407M | -23% | -11% | -112% | 26.9× | n/a | n/a |
| Butong 6090.HK | Hong Kong | $416M | -5% | +16% | 7% | 1.5× | 29.3% | +38.5% |
| Mubang High-Tech 603398.SS | China | $416M | -49% | +94% | -133% | 6.8× | n/a | n/a |
| Soft-World International 5478.TWO | Taiwan | $426M | -3% | +6% | 20% | 0.3× | n/a | n/a |
| Guangdong Qunxing Toys Joint-Stock 002575.SZ | China | $427M | -29% | +34% | -9% | 4.9× | 41.8% | +38.9% |
| Impulse Qingdao Health Tech 002899.SZ | China | $428M | -43% | -1% | 6% | 2.5× | n/a | n/a |
| Fenix Outdoor International AG Series B FOI-B.ST | Sweden | $443M | -25% | +1% | 3% | 0.8× | 6.8% | +5.4% |
| Beneteau BEN.PA | France | $457M | -32% | +1% | 0% | 0.2× | n/a | n/a |
| Zhejiang Natural Outdoor Goods 605080.SS | China | $472M | -12% | -2% | 14% | 2.1× | 7.6% | +11.9% |
| Dream International 1126.HK | Hong Kong | $474M | -27% | +10% | 11% | 0.4× | -20.1% | +9.6% |