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Shandong-based Chinese specialty chemicals producer; exact product lines not independently confirmed from available knowledge.
Shandong-based Chinese specialty chemicals producer; exact product lines not independently confirmed from available knowledge.
Moat: none
Headquarters: Shandong, China · Employees: 3,765
Size Befar (6745.HK) is a Hong Kong Materials company (Chemicals: Specialty) with a market value of $1.52B, the 489th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.40 on 6 Nov 2026.
Growth Revenue grew 24.7% over the last twelve months (peer median +7.4%); the operating margin is 4.9% (peer median 8.4%).
Valuation It trades at 9.7× forward earnings against a peer median of 19.0× (4th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.8 points below its cost of capital (12.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$18.6B | HK$16.1B | HK$11.1B | HK$8.04B | HK$10.3B |
| Revenue growth | — | +45% | +38% | -22% | — |
| Gross profit | HK$2.96B | HK$1.53B | HK$701M | HK$1.28B | HK$2.73B |
| EBITDA | n/a | HK$2.02B | HK$957M | HK$1.22B | HK$2.57B |
| Net income | HK$446M | HK$244M | HK$238M | HK$423M | HK$1.37B |
| Free cash flow | HK$2.66B | HK$2.34B | -HK$1.61B | -HK$1.59B | HK$284M |
| Capital expenditure | HK$1.03B | HK$899M | HK$2.19B | HK$2.66B | HK$1.36B |
| Total debt | HK$10.4B | HK$10.5B | HK$10.3B | HK$8.57B | HK$5.58B |
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 | 6745.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.1% | -14.6% | 10th highest of 21 |
| Distance from 52-week high | -42.6% | -40.5% | 7th lowest of 21 |
| Revenue growth (TTM) | +24.7% | +7.4% | 5th highest of 21 |
| Operating margin | 4.9% | 8.4% | 6th lowest of 21 |
| Forward P/E | 9.7× | 19.0× | 4th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 3.6% | 16.9% | 6th least demanding of 16 |
| Growth delivered (Del g) | +17.3% | +4.2% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | -13.7 pp | +10.4 pp | 2nd least demanding of 16 |
| ROIC minus cost of capital | -5.8 pp | -1.6 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Befar 6745.HK | Hong Kong | $1.52B | n/a | +25% | 5% | 9.7× | 3.6% | +17.3% |
| Osaka Soda 4046.T | Japan | $1.52B | -2% | +8% | 19% | 13.5× | 5.1% | +0.5% |
| Stepan SCL | United States | $1.52B | +26% | +10% | 4% | 19.0× | 14.9% | +4.5% |
| Denka 4061.T | Japan | $1.51B | -33% | -3% | 9% | 12.7× | n/a | n/a |
| KumhoPetrochem 011780.KS | South Korea | $1.50B | -37% | 0% | 7% | 4.3× | -16.5% | +7.5% |
| Anhui Wanwei Updated High-Tech Material Industry 600063.SS | China | $1.49B | -32% | +3% | 4% | 20.0× | n/a | n/a |
| Shaily Engineering Plastics SHAILY.NS | India | $1.48B | +14% | +18% | 24% | 56.7× | 35.8% | +22.8% |
| ADAMA 000553.SZ | China | $1.55B | -33% | -6% | 3% | 30.7× | -7.2% | +0.3% |
| Proto Labs PRLB | United States | $1.57B | -5% | +12% | 8% | 27.4× | 26.8% | +4.2% |
| Genesis Energy, L.P GEL | United States | $1.57B | -21% | -17% | 19% | n/a | 2.2% | -2.2% |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | n/a | n/a | n/a |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 16.9× | 16.9% | -4.8% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 28.1× | 46.2% | +15.2% |
| Guangdong Orient Zirconic Industry Science & Technology 002167.SZ | China | $1.44B | +5% | +17% | 14% | 48.5× | 32.4% | +10.1% |
| Guangdong Dowstone Technology 300409.SZ | China | $1.59B | -50% | +34% | 6% | 14.0× | n/a | n/a |
| Anhui Guangxin Agrochemical 603599.SS | China | $1.43B | -29% | -13% | 18% | 13.1× | -3.8% | +0.6% |
| Tokuyama 4043.T | Japan | $1.63B | -11% | +7% | 9% | 5.8× | 1.1% | +2.9% |
| Chambal Fertilisers & Chemicals CHAMBLFERT.NS | India | $1.63B | -15% | +6% | 12% | 7.2× | n/a | n/a |
| Huabao Technology 300741.SZ | China | $1.63B | +7% | +17% | 1% | n/a | 45.3% | -8.5% |
| Ningbo Yunsheng 600366.SS | China | $1.64B | -24% | +33% | 6% | 19.3× | 19.1% | +17.9% |
| Fujian Kuncai Material Technology 603826.SS | China | $1.64B | -51% | +59% | 5% | 61.0× | 24.1% | +11.0% |