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← CockpitCompetitor Analysis › 9893.HK Pizu Group Holdings LimitedOpen in the cockpit ↗

Pizu Group Holdings Limited9893.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Materials›Industrial Specialties
Momentum neutral 54
Mkt cap
$677M
US dollars, full cap
Free float
23%
of shares outstanding
$/day
$64,250
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-0.7 pp
WACC 7.8%
Hurdle
n/a
no reverse DCF
Close · HKDHK$1.50
1D-1.6%
1W+7.9%
1M+2.7%
3M-17.8%
6M-8.2%
YTD+60.1%
1Y+155.1%
ATR %4.4%
52w lowhigh31.3% off high

What Pizu does

Employees: 1,351

Pizu at a glance

Size Pizu (9893.HK) is a Hong Kong Materials company (Industrial Specialties) with a market value of $677M, the 683rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.50 on 6 Nov 2026.

Performance Over six months the shares fell 8.2%, against -4.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue fell 7.7% over the last twelve months (peer median +5.5%); the operating margin is 22.1% (peer median 5.6%).

Valuation It trades at 4.4× enterprise value to sales against a peer median of 1.7× (4th most expensive of 21).

Capital Return on invested capital runs 0.7 points below its cost of capital (7.8% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 959893.HK 95
Six months, rebased to 100: Pizu against the median of its 20 peers (local-currency closes).

Pizu financials

Reported figures in HKD; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$1.69BHK$1.69BHK$1.83BHK$1.49BHK$1.71B
Revenue growth—-8%+23%-13%—
Gross profitHK$698MHK$702MHK$758MHK$610MHK$484M
EBITDAHK$522MHK$524MHK$561MHK$394MHK$405M
Net incomeHK$225MHK$225MHK$177MHK$143MHK$101M
Free cash flow-HK$186M-HK$184MHK$158MHK$46.2MHK$247M
Capital expenditureHK$840MHK$830MHK$424MHK$317MHK$292M
Total debtn/aHK$1.62BHK$965MHK$796MHK$992M

Quarterly statements and history in the cockpit →

Pizu 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

-40%-20%0%+20%+40%-20%0%SGL3002213007376036833007314044MATVRAIN4956600819300243600293FCL002328603110KAMAHOLD6036BORORENEW68819946339893.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Pizu is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%2×4×6×SGL3002213007376036833007314044MATVRAIN4956600819300243600293FCL002328603110KAMAHOLD6036BORORENEW6881999893.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Pizu is the large dot.

Pizu competitors and peer comparison

How Pizu 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.

Pizu against its 20 peers (data as of 6 Nov 2026)
Measure9893.HKPeer medianRank in peer set
1-month return+2.7%-8.5%6th highest of 21
6-month return-8.2%-4.3%10th lowest of 21
Distance from 52-week high-31.3%-27.4%10th lowest of 21
Revenue growth (TTM)-7.7%+5.5%5th lowest of 21
Operating margin22.1%5.6%3rd highest of 21
EV / Sales4.4×1.7×4th most expensive of 21
ROIC minus cost of capital-0.7 pp-2.8 pp8th highest of 21
EV / EBITDA14.2×9.3×6th most expensive of 15
Net debt / EBITDA1.5×0.9×6th most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Pizu 9893.HKHong Kong$677M-8%-8%22%4.4×n/an/a
SGL Carbon SGL.DEGermany$668M+2%-16%8%0.8×2.3%-1.6%
Guangdong Silver Age Sci & Tech 300221.SZChina$667M-16%+7%7%2.0×27.7%+6.0%
Keshun Waterproof Technologies 300737.SZChina$656M-41%-12%-8%1.2×-15.7%-0.6%
Shanghai Smith Adhesive New Material 603683.SSChina$706M-43%+19%4%2.3×33.2%+16.0%
Shenzhen Cotran Industrial Material 300731.SZChina$707M-47%-1%-1%4.4×n/an/a
Central Glass 4044.TJapan$648M0%+4%8%0.7×-6.5%-5.4%
Mativ MATVUnited States$646M+27%+1%4%0.8×6.2%+13.0%
Rain Industries RAIN.NSIndia$645M+35%+17%10%0.8×n/an/a
Konishi 4956.TJapan$643M+9%+7%9%0.6×-10.1%+4.9%
Shanghai Yaohua Pilkington Glass 600819.SSChina$643M-24%0%2%1.1×n/an/a
Shandong Ruifeng Chemical 300243.SZChina$715M-19%+2%5%2.5×35.4%+8.6%
Hubei Sanxia New Building Materials 600293.SSChina$640M+15%-34%-21%5.3×n/an/a
Fineotex Chemical FCL.NSIndia$635M+86%+91%15%5.9×n/an/a
Shanghai Xinpeng Industry 002328.SZChina$723M-39%-23%2%1.4×14.7%-2.0%
New East New Materials 603110.SSChina$633M-5%-5%2%10.1×n/an/a
Kama KAMAHOLD.NSIndia$725M-19%+13%19%0.4×-17.3%+13.5%
KeePer Technical Laboratory 6036.TJapan$631M+24%+12%27%3.3×-2.6%+17.1%
Borosil Renewables BORORENEW.NSIndia$628M-29%+11%26%3.7×12.7%+25.4%
Tianjin Jiuri New Materials 688199.SSChina$628M-3%+15%3%2.9×n/an/a
Sakata Inx 4633.TJapan$732M+8%+9%6%0.5×-4.0%+9.8%

Questions

Which companies are Pizu's closest peers?
The cockpit's peer set: SGL Carbon (SGL.DE), Guangdong Silver Age Sci & Tech (300221.SZ), Keshun Waterproof Technologies (300737.SZ), Shanghai Smith Adhesive New Material (603683.SS), Shenzhen Cotran Industrial Material (300731.SZ), Central Glass (4044.T), Mativ (MATV), Rain Industries (RAIN.NS).
Is Pizu expensive compared with its peers?
On ev / sales it trades at 4.4× against a peer median of 1.7×, 4th most expensive of 21 in its peer set.
How has Pizu stock performed?
Over six months to 6 Nov 2026 the shares returned -8.2% against -4.3% for the median peer; over one year +155.1%.

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.