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Chinese equipment finance-leasing group serving hospitals, construction and machinery SMEs, with related healthcare investments.
Chinese equipment finance-leasing group serving hospitals, construction and machinery SMEs, with related healthcare investments.
Earns the interest spread between its funding cost and what lessees pay, largely through sale-and-leaseback, where it buys a customer's existing equipment and leases it back to free up cash. Hospitals and other institutions are the focus, and advisory fees and returns on healthcare investments add to the income.
In one line: China's GE Capital-style equipment leasing arm.
Moat: narrow (scale, distribution, customer relationships). Large leasing book and deep sector relationships, especially in healthcare, built over two decades.
Headquarters: Shanghai, China · Founded: 1994 · Employees: 18,825
Size Far East Horizon (3360.HK) is a Hong Kong Financials company (Finance/Rental/Leasing) with a market value of $3.44B, the 316th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.75 on 6 Nov 2026.
Performance Over six months the shares fell 25.4%, against -9.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +9.0%); the operating margin is 46.3% (peer median 28.5%).
Valuation It trades at 0.45× book value against a peer median of 1.55× (cheapest of 20).
Price implies The share price implies a return on equity of about 4.5%; Far East Horizon delivers 7.6%, so the price asks less than the business earns today.
Credit Far East Horizon has 4 bonds outstanding ($1.95B), rated BBB- by the agencies and trading like B at a weighted spread of 284 bp.
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$41.2B | HK$39.5B | HK$41.9B | HK$43.2B | HK$44.2B |
| Revenue growth | — | -6% | -3% | -2% | — |
| Gross profit | HK$26.6B | HK$24.7B | HK$25.7B | HK$28.9B | HK$30.0B |
| EBITDA | HK$23.2B | HK$23.0B | HK$23.3B | HK$25.7B | HK$26.9B |
| Net income | HK$4.42B | HK$4.22B | HK$4.19B | HK$6.84B | HK$7.13B |
| Free cash flow | -HK$6.13B | -HK$2.00B | HK$1.49B | HK$617M | -HK$14.4B |
| Capital expenditure | HK$3.44B | HK$3.28B | HK$9.12B | HK$2.83B | HK$4.60B |
| Total debt | n/a | HK$300B | HK$286B | HK$290B | HK$298B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Far East Horizon 3360.HK | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% |
| China Development Bank Financial Leasing 1606.HK | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% |
| Bohai Leasing 000415.SZ | $4.44B | +2% | -7% | 18% | 0.90× | 6.3% |
| Chailease 5871.TW | $5.74B | -10% | -4% | 12% | 0.97× | 3.8% |
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 | 3360.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.7% | +2.7% | 4th lowest of 21 |
| 6-month return | -25.4% | -9.1% | 4th lowest of 21 |
| Return on equity | 7.5% | 14.3% | 5th lowest of 20 |
| Price / book | 0.45× | 1.55× | cheapest of 20 |
| Trailing P/E | 6.2× | 10.8× | 3rd cheapest of 18 |
| ROE the price implies | 4.5% | 15.8% | 2nd least demanding of 20 |
| ROE delivered | 7.6% | 14.4% | 3rd lowest of 17 |
| Bond spread | 284 bp | 244 bp | 4th widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Mahindra & Mahindra Financial Services M&MFIN.NS | India | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% | 13.8% |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Avis Budget CAR | United States | $4.20B | -18% | -1% | n/a | n/a | n/a | n/a |
Far East Horizon has 4 bonds outstanding with $1.95B face value. The agencies rate it BBB-; its bonds trade like B. Weighted yield 7.30%, a spread of 284 bp over government bonds.