Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJul 14, 2026
DataAggregated Company Financials
Companies8
- 7D-3.0%
- 3M-27.5%
- 1Y-31.6%
- YTDn/a
Over the last 7 days, the Home Furnishings industry has dropped 2.7%, driven by Man Wah Holdings declining 3.5%. Meanwhile, Royale Home Holdings actually outperformed within the industry, gaining 60% in the last week. Overall the industry is down 31% in 12 months. As for the next few years, earnings are expected to grow by 3.6% per annum.
Industry Valuation and Performance
Has the Hong Kong Home Furnishings Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 14 Jul 2026 | HK$13.7b | HK$24.8b | HK$1.3b | 8.3x | 10.7x | 0.6x |
| Thu, 11 Jun 2026 | HK$16.2b | HK$24.8b | HK$1.3b | 10.1x | 12.6x | 0.7x |
| Sat, 09 May 2026 | HK$19.3b | HK$25.0b | HK$1.5b | 10.2x | 12.5x | 0.8x |
| Mon, 06 Apr 2026 | HK$19.5b | HK$25.0b | HK$1.6b | 10.4x | 12.6x | 0.8x |
| Wed, 04 Mar 2026 | HK$21.0b | HK$24.5b | HK$1.9b | 9.4x | 11.2x | 0.9x |
| Fri, 30 Jan 2026 | HK$22.0b | HK$24.5b | HK$1.9b | 7.2x | 11.7x | 0.9x |
| Sun, 28 Dec 2025 | HK$21.4b | HK$24.5b | HK$1.9b | 7.2x | 11.4x | 0.9x |
| Tue, 25 Nov 2025 | HK$21.1b | HK$24.5b | HK$1.9b | 7.2x | 11.2x | 0.9x |
| Thu, 23 Oct 2025 | HK$21.1b | HK$24.7b | HK$1.9b | 7.2x | 11.2x | 0.9x |
| Sat, 20 Sep 2025 | HK$20.4b | HK$24.7b | HK$1.9b | 6.9x | 10.9x | 0.8x |
| Mon, 18 Aug 2025 | HK$21.5b | HK$25.9b | HK$223.4m | 6.2x | 96.5x | 0.8x |
| Wed, 16 Jul 2025 | HK$20.3b | HK$25.9b | HK$213.8m | 5.9x | 94.9x | 0.8x |
| Fri, 13 Jun 2025 | HK$18.8b | HK$25.9b | HK$218.7m | 6.4x | 86x | 0.7x |
| Sun, 11 May 2025 | HK$19.8b | HK$26.7b | HK$492.4m | 5.2x | 40.3x | 0.7x |
| Tue, 08 Apr 2025 | HK$16.3b | HK$26.7b | HK$515.0m | 4.8x | 31.6x | 0.6x |
| Thu, 06 Mar 2025 | HK$20.7b | HK$27.5b | HK$1.0b | 6.4x | 20.7x | 0.8x |
| Sat, 01 Feb 2025 | HK$21.1b | HK$28.6b | HK$1.7b | 6.6x | 12.3x | 0.7x |
| Mon, 30 Dec 2024 | HK$20.8b | HK$28.6b | HK$1.7b | 6x | 12.1x | 0.7x |
| Wed, 27 Nov 2024 | HK$20.2b | HK$28.6b | HK$1.7b | 6.4x | 11.7x | 0.7x |
| Fri, 25 Oct 2024 | HK$26.1b | HK$32.5b | HK$1.7b | 6.1x | 15.1x | 0.8x |
| Sun, 22 Sep 2024 | HK$21.5b | HK$32.5b | HK$1.7b | 6x | 12.4x | 0.7x |
| Tue, 20 Aug 2024 | HK$22.8b | HK$33.1b | HK$2.4b | 5.3x | 9.6x | 0.7x |
| Thu, 18 Jul 2024 | HK$22.9b | HK$33.0b | HK$2.4b | 4.6x | 9.6x | 0.7x |
| Sat, 15 Jun 2024 | HK$27.8b | HK$33.0b | HK$2.4b | 4.9x | 11.7x | 0.8x |
| Mon, 13 May 2024 | HK$28.8b | HK$31.6b | HK$2.0b | 5.2x | 14.1x | 0.9x |
| Wed, 10 Apr 2024 | HK$26.6b | HK$30.4b | HK$2.0b | 5x | 13.1x | 0.9x |
| Fri, 08 Mar 2024 | HK$24.1b | HK$31.2b | HK$2.4b | 7.3x | 10x | 0.8x |
| Sun, 04 Feb 2024 | HK$23.2b | HK$31.1b | HK$2.4b | 7.4x | 9.7x | 0.7x |
| Tue, 02 Jan 2024 | HK$27.3b | HK$31.2b | HK$2.4b | 5.9x | 11.4x | 0.9x |
| Thu, 30 Nov 2023 | HK$26.2b | HK$31.1b | HK$2.4b | 6x | 10.9x | 0.8x |
| Sat, 28 Oct 2023 | HK$25.2b | HK$31.4b | HK$2.3b | 6.1x | 10.7x | 0.8x |
| Mon, 25 Sep 2023 | HK$28.9b | HK$31.4b | HK$2.3b | 5.9x | 12.3x | 0.9x |
| Wed, 23 Aug 2023 | HK$29.3b | HK$32.9b | HK$2.5b | 8.4x | 11.7x | 0.9x |
| Fri, 21 Jul 2023 | HK$29.1b | HK$32.9b | HK$2.5b | 9.1x | 11.6x | 0.9x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Home Furnishings industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.7x which is lower than its 3-year average PE of 28.6x.
- The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Home Furnishings industry have declined 20% per year over the last three years,
- Revenues have also declined 8.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Home Furnishings compare with similar industries?
| HK Market | 0.38% | |
| Consumer Discretionary | -0.34% | |
| Consumer Durables | -3.27% | |
| Home Furnishings | -2.96% | |
| Homebuilding | -1.31% | |
| Housewares and Specialties | -2.18% | |
| Consumer Electronics | -2.32% | |
| Household Appliances | -4.59% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1198 Royale Home Holdings | HK$0.093 | 60.3% +HK$90.9m | -67.4% | PS0.5x | |
| 396 Hing Lee (HK) Holdings | HK$0.27 | 10.4% +HK$20.2m | 215.5% | PE272.1x | |
| 1575 Regal Partners Holdings | HK$0.037 | 5.7% +HK$7.6m | -31.5% | PS1.8x |