Loading…
← CockpitCompetitor Analysis › 3396.HK Legend Holdings Corporation Class HOpen in the cockpit ↗

Legend Holdings Corporation Class H3396.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Financials›Financial Conglomerates

Diversified investment holding company founded by Liu Chuanzhi, best known as the parent of Lenovo Group, plus other financial and industrial investments.

≈ A Chinese Berkshire Hathaway-style holding company, anchored by one large tech stakeMomentum neutral 52
Mkt cap
$4.03B
US dollars, full cap
Free float
45%
of shares outstanding
$/day
$22.1M
20-day average traded
Fwd P/E
4.8×
forward earnings
ROIC−WACC
n/a
WACC 5.2%
Hurdle
n/a
no reverse DCF
Next earnings
146 days
1 Apr 2027
Close · HKDHK$13.42
1D-3.0%
1W-2.6%
1M-45.1%
3M-15.3%
6M+34.3%
YTD+51.1%
1Y+30.5%
ATR %9.2%
52w lowhigh48.8% off high

What Legend does

Diversified investment holding company founded by Liu Chuanzhi, best known as the parent of Lenovo Group, plus other financial and industrial investments.

Is mostly a holding company: Lenovo is its biggest asset and the main source of earnings, while the rest is a mix of venture-capital and other financial investments and a fresh-food business. It is the largest shareholder of Lenovo, so results largely reflect Lenovo's performance.

In one line: A Chinese Berkshire Hathaway-style holding company, anchored by one large tech stake.

Products and services

  • Lenovo Group stake
  • Financial services investments
  • Industrial/agriculture investments

Customers

  • End consumers across subsidiary businesses (mainly

Where it sits in the supply chain

  • Diversified holdings
  • Conglomerate investment
  • IT (Lenovo stake), financial services…

What could go right

  • Lenovo Group performance/valuation

What could go wrong

  • Holding-company discount/complexity
  • Concentration in Lenovo stake value

Moat: none (scale). Value is largely a pass-through of its Lenovo stake and other investments rather than an operating moat of its own.

Headquarters: Beijing, China · Founded: 1984 · Employees: 89,105

Named competitors

Legend at a glance

Size Legend (3396.HK) is a Hong Kong Financials company (Financial Conglomerates) with a market value of $4.03B, the 296th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.42 on 6 Nov 2026.

Performance Over six months the shares gained 34.3%, against +2.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 26.9% over the last twelve months (peer median +3.5%); the operating margin is 4.2% (peer median 31.6%).

Valuation It trades at 4.8× forward earnings against a peer median of 15.0× (2nd cheapest of 16).

Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).

Relative performance

10015020025011 May 202611 Aug 20266 Nov 20263396.HK 135Peer median 105
Six months, rebased to 100: Legend against the median of its 20 peers (local-currency closes).

Legend financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$769BHK$657BHK$556BHK$482BHK$562B
Revenue growth—+18%+15%-14%—
Gross profitHK$126BHK$95.6BHK$87.8BHK$79.5BHK$91.7B
EBITDAHK$45.5BHK$34.5BHK$30.9BHK$28.5BHK$36.7B
Net incomeHK$2.94BHK$1.15BHK$144M-HK$4.28BHK$1.36B
Free cash flowHK$6.03BHK$656MHK$5.13B-HK$16.0BHK$31.7B
Capital expenditureHK$19.7BHK$18.6BHK$13.9BHK$16.3BHK$16.6B
Total debtn/aHK$223BHK$193BHK$184BHK$207B

Quarterly statements and history in the cockpit →

Legend competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%-40%-20%0%MFBIONGBDCAIILZEGMAINOBDCKYIVAZMASSTBBUC600032PURRBUREFMONCKINV-ACGEOSTOR-B3396.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Legend is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%+600%0×2,500×5,000×7,500×MFBIONGBDCASSTBBUCKINV-A3396.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Legend is the large dot.

Legend competitors and peer comparison

Head to head with its named competitors (3396.HK vs 0656.HK vs 0267.HK vs 0363.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Legend 3396.HK$4.03B+34%+27%4%4.8×n/a
Fosun International 0656.HK$4.82B+11%-1%3%12.9×10.6%
Citic 0267.HK$47.7B-3%+13%18%5.0×1.6%
Shanghai Industrial 0363.HK$1.89B-14%-28%15%7.1×n/a

How Legend compares with its peers

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.

Legend against its 20 peers (data as of 6 Nov 2026)
Measure3396.HKPeer medianRank in peer set
1-month return-45.1%+4.9%lowest of 21
6-month return+34.3%+2.7%3rd highest of 21
Distance from 52-week high-48.8%-12.1%2nd lowest of 21
Revenue growth (TTM)+26.9%+3.5%6th highest of 18
Operating margin4.2%31.6%4th lowest of 19
Forward P/E4.8×15.0×2nd cheapest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Legend 3396.HKHong Kong$4.03B+34%+27%4%4.8×n/an/a
Wendel MF.PAFrance$4.14B0%-13%12%29.9×n/an/a
BB Biotech BION.SWSwitzerland$3.45B+13%+125%491%20.0×n/an/a
Golub Capital BDC GBDCUnited States$3.31B-3%-9%60%9.9×n/an/a
Authum Investment & Infrastucture AIIL.NSIndia$5.14B+16%-23%79%n/an/an/a
Zegona Communications ZEG.LUnited Kingdom$5.17B-5%+55%8%46.4×n/an/a
Main Street Capital MAINUnited States$5.33B+6%+3%91%15.0×n/an/a
Blue Owl Capital OBDCUnited States$5.39B-4%+1%54%8.2×n/an/a
Roko ROKO-B.STSweden$2.97B+14%+20%18%25.6×n/an/a
Kyivstar KYIVUnited States$2.96B-4%+26%36%9.0×n/an/a
Azimut AZM.MIItaly$5.70B-1%+17%46%10.6×n/an/a
Onex ONEX.TOCanada$5.91B-7%+2%173%22.3×n/an/a
Strive ASSTUnited States$2.73B+35%+650%-14,416%4.2×n/an/a
Brookfield Business BBUC.TOCanada$6.15B-9%+106%13%5.4×n/an/a
Zhejiang Provincial New Energy Investment 600032.SSChina$2.59B-27%-6%27%n/an/an/a
Hyperliquid Strategies PURRUnited States$2.45B+104%n/a-60%24.0×n/an/a
Bure Equity BURE.STSweden$2.30B+12%-3%2,018%n/an/an/a
Financiere Moncey FMONC.PAFrance$2.19B-21%n/an/an/an/an/a
Kinnevik KINV-A.STSweden$2.04B+27%+675%-9,423%7,720.0×n/an/a
Georgia Capital CGEO.LUnited Kingdom$2.03B+20%n/an/an/an/an/a
Storskogen STOR-B.STSweden$1.97B+25%+2%6%11.6×n/an/a

Questions

Who are Legend's main competitors?
Named competitors: Fosun International (0656.HK), CITIC Limited (0267.HK), Shanghai Industrial Holdings (0363.HK). The cockpit's measured peer set (industry) also includes Wendel (MF.PA), BB Biotech (BION.SW), Golub Capital BDC (GBDC), Authum Investment & Infrastucture (AIIL.NS), Zegona Communications (ZEG.L), Main Street Capital (MAIN).
Is Legend expensive compared with its peers?
On forward p/e it trades at 4.8× against a peer median of 15.0×, 2nd cheapest of 16 in its peer set.
How has Legend stock performed?
Over six months to 6 Nov 2026 the shares returned +34.3% against +2.7% for the median peer; over one year +30.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.