Smoore International Holdings Future Growth
Future criteria checks 4/6
Smoore International Holdings is forecast to grow earnings and revenue by 28.3% and 14.1% per annum respectively. EPS is expected to grow by 28% per annum. Return on equity is forecast to be 10.7% in 3 years.
Key information
28.3%
Earnings growth rate
27.97%
EPS growth rate
| Tobacco earnings growth | 9.0% |
| Revenue growth rate | 14.1% |
| Future return on equity | 10.66% |
| Analyst coverage | Good |
| Last updated | 20 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 17
6969: Dividend Payout And Fair P/E Are Expected To Support Returns
Analysts have trimmed their price target on Smoore International Holdings by HK$0.24 to reflect updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Smoore International Holdings shareholders approved a final dividend of HK$0.20 per share at the Annual General Meeting held on 22 May 2026 for the year ended 31 December 2025.Narrative Update • Jun 02
6969: Higher Dividend Payout Will Struggle To Offset Rich P/E
Analysts have nudged their HK$ price target on Smoore International Holdings slightly higher, citing updated assumptions for fair value, discount rate, revenue, profit margin and future P/E. What's in the News Smoore International Holdings recommended a final ordinary cash dividend of HK$0.20 per share for the year ended 31 December 2025, subject to shareholder approval at the upcoming AGM.
Narrative Update • May 17
6969: Forward Dividend And Earnings Multiple Will Support Future Upside Potential
Analysts have trimmed their fair value estimate for Smoore International Holdings slightly to around HK$14.25 from roughly HK$14.36, reflecting modest adjustments to the discount rate assumptions and forward P/E expectations. What's in the News Smoore International Holdings recommended a final ordinary cash dividend of HK$0.20 per share for the year ended 31 December 2025, subject to shareholder approval at the upcoming AGM (Key Developments).Narrative Update • May 02
6969: Dividend Prospects And Earnings Multiple Will Support Future Upside Potential
Analysts have reduced their fair value estimate for Smoore International Holdings to HK$14.36 from HK$17.55, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News A board meeting is scheduled for 17 March 2026 to review and approve the final results for the year ended 31 December 2025 and to consider recommending a final dividend.Analysis Article • Apr 24
Investors Can Find Comfort In Smoore International Holdings' (HKG:6969) Earnings Quality
The market was pleased with the recent earnings report from Smoore International Holdings Limited ( HKG:6969 ), despite...Narrative Update • Apr 18
6969: Narrowing Margins And Lower P/E Will Pressure Dividend Appeal
Analysts have trimmed their price target for Smoore International Holdings to about HK$7.91 from around HK$11.41. This reflects updated views that factor in slightly higher expected revenue growth, a lower assumed future P/E multiple and a narrower projected profit margin.
Narrative Update • Apr 03
6969: Dividend Outlook Will Support Future Upside Despite Slight Fair Value Reset
Analysts have inched their price target for Smoore International Holdings slightly lower to HK$21.45 from HK$21.54, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Smoore International Holdings has recommended a final ordinary cash dividend of HK$0.20 per share for the year ended 31 December 2025, subject to shareholder approval at the upcoming AGM (Key Developments).Narrative Update • Mar 20
6969: Future Earnings Power Will Support Upside As Board Considers Dividend
Analysts have trimmed their price target for Smoore International Holdings to HK$21.54 from HK$28.00, reflecting updated assumptions for slower revenue growth, slightly higher discount rates, and more modest profit margins, while keeping future P/E expectations broadly in line. What's in the News Board meeting scheduled for Mar 17, 2026 to consider and approve the audited final results for the year ended Dec 31, 2025 for publication (Key Developments) Board to consider a recommendation for payment of a final dividend, if any, at the same Mar 17, 2026 meeting (Key Developments) Agenda also includes authority to transact other routine business items alongside results and dividend discussions (Key Developments) Valuation Changes Fair Value: Trimmed from HK$28.00 to HK$21.54, indicating a materially lower central value estimate for the shares.Narrative Update • Mar 06
6969: Fair Outlook Will Reflect Trimmed Valuation And March Results Catalyst
Analysts have trimmed their fair value estimate for Smoore International Holdings from about HK$13.00 to about HK$11.41, reflecting updated assumptions on revenue growth, profit margins and a lower future P/E multiple. What's in the News A board meeting is scheduled for March 17, 2026, to consider and approve the Group's final results for the year ended December 31, 2025.Narrative Update • Feb 20
6969: Improved Margins And Earnings Multiple Will Support Further Upside Potential
Analysts have raised their HK$ fair value estimate for Smoore International Holdings slightly, increasing it from HK$27.64 to HK$28.00. The adjustment reflects updated assumptions for revenue growth, profit margins and a marginally lower projected future P/E multiple.Narrative Update • Feb 06
6969: Slightly Softer Assumptions Will Still Support Future Upside Potential
Analysts have trimmed their price target on Smoore International Holdings to about HK$17.55 from roughly HK$19.36, citing slightly softer assumptions for future revenue growth, profit margins, and the forward P/E multiple used in their models. Valuation Changes Fair Value Estimate reduced from HK$19.36 to HK$17.55, reflecting a modestly lower implied valuation.Narrative Update • Jan 23
6969: Higher Revenue Outlook And Richer Future P/E Will Support Upside Potential
Narrative Update on Smoore International Holdings Analysts have lifted their fair value estimate for Smoore International Holdings from HK$27.12 to HK$27.64, pointing to updated assumptions around higher projected revenue growth, a slightly lower discount rate, and a richer future P/E multiple, partly offset by reduced profit margin expectations. Valuation Changes Fair value estimate was raised slightly from HK$27.12 to HK$27.64 per share.Narrative Update • Jan 08
6969: Lower Discount Rate Will Support Future Upside Potential
Analysts have lifted their price target on Smoore International Holdings from HK$18.69 to about HK$19.36, reflecting updated assumptions for revenue growth, profit margins and future P/E levels under a slightly lower discount rate. Valuation Changes Fair Value: The price target has been lifted slightly from HK$18.69 to about HK$19.36.Narrative Update • Dec 18
6969: Fair Outlook Will Reflect Higher Margins And Richer Earnings Multiple
Analysts have raised their price target for Smoore International Holdings significantly, citing a move toward higher fair value estimates to about $13.00, along with expectations for improved profit margins and a richer future P E multiple that offset slightly softer projected revenue growth and a marginally lower discount rate. Valuation Changes The fair value estimate has risen significantly from HK$8.74 to approximately HK$13.00 per share.Analysis Article • Dec 10
Is Smoore International Holdings (HKG:6969) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Narrative Update • Dec 04
6969: Lower Risk Profile Will Support Future Upside Potential
Analysts have raised their price target for Smoore International Holdings slightly to HKD 18.69, reflecting a modest reduction in perceived risk alongside stable expectations for revenue growth, profit margins, and future valuation multiples. Valuation Changes Fair Value Estimate remains unchanged at HK$18.69 per share, indicating a stable intrinsic valuation outlook.Narrative Update • Nov 20
6969: Slight Discount Rate Adjustment Will Support Further Upside Potential
Analysts have raised their price target for Smoore International Holdings from $17.51 to $18.69, citing slight improvements in projected revenue growth and overall valuation. Valuation Changes Fair Value: increased from HK$17.51 to HK$18.69, reflecting a modest upward revision.Analysis Article • Oct 15
Smoore International Holdings Limited (HKG:6969) Not Flying Under The Radar
With a price-to-earnings (or "P/E") ratio of 77.4x Smoore International Holdings Limited ( HKG:6969 ) may be sending...Analysis Article • Oct 01
Is Now The Time To Look At Buying Smoore International Holdings Limited (HKG:6969)?
Today we're going to take a look at the well-established Smoore International Holdings Limited ( HKG:6969 ). The...Analysis Article • Aug 01
Smoore International Holdings Limited's (HKG:6969) Intrinsic Value Is Potentially 24% Below Its Share Price
Key Insights The projected fair value for Smoore International Holdings is HK$15.28 based on 2 Stage Free Cash Flow to...
New Narrative • Mar 23
Investments In HNB And Atomization Technologies Will Expand Future Opportunities
Enhancing management quality and R&D investments in high-growth areas like HNB are likely to boost productivity, effectiveness, and future revenue growth.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 21,670 | 2,432 | 10,763 | 2,146 | 3 |
| 12/31/2027 | 19,483 | 2,113 | 2,691 | 3,116 | 7 |
| 12/31/2026 | 16,699 | 1,386 | 1,576 | 2,121 | 7 |
| 12/31/2025 | 14,256 | 1,064 | -363 | 487 | N/A |
| 9/30/2025 | 13,625 | 1,050 | N/A | N/A | N/A |
| 6/30/2025 | 12,728 | 1,112 | 725 | 1,964 | N/A |
| 3/31/2025 | 12,264 | 1,208 | 721 | 1,859 | N/A |
| 12/31/2024 | 11,799 | 1,303 | 718 | 1,753 | N/A |
| 9/30/2024 | 11,490 | 1,501 | N/A | N/A | N/A |
| 6/30/2024 | 11,164 | 1,611 | 1,564 | 2,723 | N/A |
| 3/31/2024 | 11,184 | 1,628 | 1,763 | 2,958 | N/A |
| 12/31/2023 | 11,203 | 1,645 | 1,962 | 3,193 | N/A |
| 9/30/2023 | 11,284 | 1,616 | N/A | N/A | N/A |
| 6/30/2023 | 11,615 | 1,843 | 360 | 1,876 | N/A |
| 3/31/2023 | 11,880 | 2,177 | -433 | 1,173 | N/A |
| 12/31/2022 | 12,145 | 2,510 | -1,225 | 470 | N/A |
| 9/30/2022 | 12,264 | 3,293 | N/A | N/A | N/A |
| 6/30/2022 | 12,455 | 3,793 | -1,341 | 814 | N/A |
| 3/31/2022 | 13,105 | 4,540 | 135 | 2,201 | N/A |
| 12/31/2021 | 13,755 | 5,287 | 1,610 | 3,588 | N/A |
| 9/30/2021 | 13,419 | 5,245 | 2,654 | 3,991 | N/A |
| 6/30/2021 | 13,083 | 5,202 | 3,698 | 4,394 | N/A |
| 3/31/2021 | 11,546 | 3,801 | 3,183 | 3,724 | N/A |
| 12/31/2020 | 10,010 | 2,400 | 2,668 | 3,055 | N/A |
| 9/30/2020 | 9,114 | 1,865 | 2,192 | 2,663 | N/A |
| 6/30/2020 | 8,217 | 1,329 | 1,716 | 2,271 | N/A |
| 3/31/2020 | 7,914 | 1,752 | 1,670 | 2,228 | N/A |
| 12/31/2019 | 7,611 | 2,174 | 1,624 | 2,184 | N/A |
| 12/31/2018 | 3,434 | 734 | N/A | 960 | N/A |
| 12/31/2017 | 1,565 | 189 | N/A | 439 | N/A |
| 12/31/2016 | 707 | 106 | N/A | 129 | N/A |
| 12/31/2015 | 294 | 38 | N/A | 16 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6969's forecast earnings growth (28.3% per year) is above the savings rate (3%).
Earnings vs Market: 6969's earnings (28.3% per year) are forecast to grow faster than the Hong Kong market (12.8% per year).
High Growth Earnings: 6969's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 6969's revenue (14.1% per year) is forecast to grow faster than the Hong Kong market (8.9% per year).
High Growth Revenue: 6969's revenue (14.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6969's Return on Equity is forecast to be low in 3 years time (10.7%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 09:41 |
| End of Day Share Price | 2026/06/18 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
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Analyst Sources
Smoore International Holdings Limited is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alice Ma | BofA Global Research |
| Zhuonan Xu | China International Capital Corporation Limited |
| Xin Li | Citic Securities Co., Ltd. |