Which companies are SEM's closest peers?

The cockpit's peer set: Zenitaka (1811.T), Ashoka Buildcon (ASHOKA.NS), Hualan (301027.SZ), Vindhya Telelinks (VINDHYATEL.NS), Yamato (1967.T), Fujian Newchoice Pipe Technology (300198.SZ), Terrestrial Energy (IMSR), Beijing Airport High-Tech Park (600463.SS).

Is SEM expensive compared with its peers?

On ev / sales it trades at 28.9× against a peer median of 0.7×, most expensive of 20 in its peer set.

How has SEM stock performed?

Over six months to 6 Nov 2026 the shares returned -7.7% against -18.2% for the median peer; over one year +1,664.7%.

← CockpitCompetitor Analysis › 9929.HK SEM Holdings LimitedOpen in the cockpit ↗

SEM Holdings Limited9929.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Engineering & Construction

Momentum weak 31

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$306M

US dollars, full cap

Free float

31%

of shares outstanding

$/day

$252,047

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-41.7 pp

WACC 5.3%

Hurdle

n/a

no reverse DCF

Close · HKDHK$1.20

1D-1.6%

1W0.0%

1M-14.3%

3M-29.6%

6M-7.7%

YTD+110.5%

1Y+1,664.7%

ATR %6.9%

52w lowhigh50.4% off high

What SEM does

Employees: 24

SEM at a glance

Size SEM (9929.HK) is a Hong Kong Industrials company (Engineering & Construction) with a market value of $306M, the 883rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.20 on 6 Nov 2026.

Performance Over six months the shares fell 7.7%, against -18.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th highest of 20 in its peer set.

Growth Revenue grew 33.9% over the last twelve months (peer median +1.8%); the operating margin is -80.7% (peer median 6.6%).

Valuation It trades at 28.9× enterprise value to sales against a peer median of 0.7× (most expensive of 20).

Capital Return on invested capital runs 41.7 points below its cost of capital (5.3% WACC).

Relative performance

Six months, rebased to 100: SEM against the median of its 20 peers (local-currency closes).

SEM financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	HK$83.5M	HK$66.3M	HK$91.7M	HK$259M	HK$282M
Revenue growth	—	-28%	-65%	-8%	—
Gross profit	HK$2.85M	HK$3.74M	HK$20.9M	HK$16.7M	HK$22.9M
EBITDA	-HK$65.2M	-HK$16.7M	HK$5.17M	-HK$3.47M	-HK$3.92M
Net income	-HK$72.5M	-HK$18.9M	HK$3.80M	-HK$7.97M	-HK$6.74M
Free cash flow	-HK$114M	-HK$2.16M	-HK$492,000	HK$15.6M	-HK$5.80M
Capital expenditure	HK$956,000	HK$751,000	HK$191,000	HK$302,000	HK$489,320
Total debt	n/a	HK$1.02M	HK$6.09M	HK$6.91M	HK$7.76M

Quarterly statements and history in the cockpit →

SEM 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

Up and to the right = strong over both horizons. SEM is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SEM is the large dot.

SEM competitors and peer comparison

How SEM 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.

SEM against its 20 peers (data as of 6 Nov 2026)
Measure	9929.HK	Peer median	Rank in peer set
1-month return	-14.3%	-6.3%	5th lowest of 20
6-month return	-7.7%	-18.2%	9th highest of 20
Distance from 52-week high	-50.4%	-31.8%	4th lowest of 20
Revenue growth (TTM)	+33.9%	+1.8%	5th highest of 21
Operating margin	-80.7%	6.6%	2nd lowest of 20
EV / Sales	28.9×	0.7×	most expensive of 20
ROIC minus cost of capital	-41.7 pp	-1.2 pp	lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
SEM 9929.HK	Hong Kong	$306M	-8%	+34%	-81%	28.9×	n/a	n/a
Zenitaka 1811.T	Japan	$306M	-20%	-7%	2%	0.5×	-1.1%	+3.5%
Ashoka Buildcon ASHOKA.NS	India	$303M	-27%	-25%	19%	0.4×	-10.6%	+7.1%
Hualan 301027.SZ	China	$310M	-43%	+12%	4%	2.7×	22.0%	-7.9%
Vindhya Telelinks VINDHYATEL.NS	India	$310M	+47%	-18%	7%	0.9×	n/a	n/a
Yamato 1967.T	Japan	$302M	0%	-4%	11%	0.7×	n/a	n/a
Fujian Newchoice Pipe Technology 300198.SZ	China	$311M	-21%	+37%	-154%	21.8×	n/a	n/a
Terrestrial Energy IMSR	United States	$301M	-62%	-100%	n/a	n/a	n/a	n/a
Beijing Airport High-Tech Park 600463.SS	China	$314M	-35%	+15%	-9%	3.9×	n/a	n/a
IS Dongseo 010780.KS	South Korea	$296M	-48%	-13%	9%	1.3×	-2.0%	+0.6%
Nittoc Construction 1929.T	Japan	$295M	-5%	+21%	7%	0.3×	-15.1%	+4.3%
Seikitokyu Kogyo 1898.T	Japan	$318M	-4%	-5%	7%	0.4×	-15.2%	+1.1%
Mirbud MRB.WA	Poland	$319M	+10%	+6%	4%	0.5×	n/a	n/a
Ohmoto Gumi 1793.T	Japan	$320M	+15%	+36%	4%	0.4×	n/a	n/a
Tokyo Energy & Systems 1945.T	Japan	$326M	-10%	+29%	6%	0.7×	3.0%	+6.9%
Hunan Investment 000548.SZ	China	$326M	-18%	-19%	19%	4.4×	n/a	n/a
KNR Constructions KNRCON.NS	India	$327M	-19%	-38%	25%	1.1×	n/a	n/a
Bondada Engineering BONDADA.NS	India	$327M	n/a	+202%	11%	1.0×	20.0%	+58.2%
Capital CAPD.L	United Kingdom	$329M	-4%	+16%	15%	0.7×	-4.9%	+20.0%
J. Kumar Infraprojects JKIL.NS	India	$331M	-20%	-2%	11%	0.5×	-2.1%	+17.4%
PSP Projects PSPPROJECT.NS	India	$333M	-7%	+45%	4%	0.9×	29.2%	+20.5%

Questions

Which companies are SEM's closest peers?: The cockpit's peer set: Zenitaka (1811.T), Ashoka Buildcon (ASHOKA.NS), Hualan (301027.SZ), Vindhya Telelinks (VINDHYATEL.NS), Yamato (1967.T), Fujian Newchoice Pipe Technology (300198.SZ), Terrestrial Energy (IMSR), Beijing Airport High-Tech Park (600463.SS).
Is SEM expensive compared with its peers?: On ev / sales it trades at 28.9× against a peer median of 0.7×, most expensive of 20 in its peer set.
How has SEM stock performed?: Over six months to 6 Nov 2026 the shares returned -7.7% against -18.2% for the median peer; over one year +1,664.7%.