Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJul 08, 2026
DataAggregated Company Financials
Companies8
- 7D-0.05%
- 3M-30.0%
- 1Y-30.8%
- YTDn/a
Over the last 7 days, the Home Furnishings industry has risen 1.1%, driven by gains in Kwung's Aroma Holdings and Man Wah Holdings of 8.1% and 0.3%, respectively. Meanwhile, Kasen International Holdings actually underperformed within the industry, shrinking 13% in the last week. In contrast, the industry has lost 28% in the last 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 |
|---|---|---|---|---|---|---|
| Wed, 08 Jul 2026 | HK$13.6b | HK$24.8b | HK$1.3b | 8x | 10.5x | 0.5x |
| Fri, 05 Jun 2026 | HK$17.0b | HK$24.8b | HK$1.3b | 10.3x | 13.2x | 0.7x |
| Sun, 03 May 2026 | HK$19.1b | HK$25.0b | HK$1.5b | 10.3x | 12.3x | 0.8x |
| Tue, 31 Mar 2026 | HK$19.2b | HK$25.2b | HK$1.8b | 8.2x | 10.6x | 0.8x |
| Thu, 26 Feb 2026 | HK$22.4b | HK$24.6b | HK$1.9b | 9.7x | 12x | 0.9x |
| Sat, 24 Jan 2026 | HK$20.8b | HK$24.5b | HK$1.9b | 6.9x | 11.1x | 0.8x |
| Mon, 22 Dec 2025 | HK$21.1b | HK$24.5b | HK$1.9b | 7.1x | 11.2x | 0.9x |
| Wed, 19 Nov 2025 | HK$22.5b | HK$24.5b | HK$1.9b | 7.5x | 12x | 0.9x |
| Fri, 17 Oct 2025 | HK$20.5b | HK$24.7b | HK$1.9b | 7.3x | 10.9x | 0.8x |
| Sun, 14 Sep 2025 | HK$20.8b | HK$24.7b | HK$1.9b | 6.7x | 11.1x | 0.8x |
| Tue, 12 Aug 2025 | HK$21.0b | HK$25.9b | HK$217.6m | 6.2x | 96.3x | 0.8x |
| Thu, 10 Jul 2025 | HK$19.8b | HK$25.9b | HK$215.3m | 6x | 92.2x | 0.8x |
| Sat, 07 Jun 2025 | HK$18.8b | HK$25.9b | HK$216.5m | 6.2x | 86.7x | 0.7x |
| Mon, 05 May 2025 | HK$19.6b | HK$26.7b | HK$509.0m | 5.2x | 38.5x | 0.7x |
| Wed, 02 Apr 2025 | HK$20.6b | HK$26.5b | HK$332.3m | 6.2x | 61.9x | 0.8x |
| Fri, 28 Feb 2025 | HK$22.0b | HK$28.6b | HK$1.7b | 6.3x | 12.8x | 0.8x |
| Sun, 26 Jan 2025 | HK$21.3b | HK$28.6b | HK$1.7b | 6.6x | 12.4x | 0.7x |
| Tue, 24 Dec 2024 | HK$20.7b | HK$28.6b | HK$1.7b | 6x | 12x | 0.7x |
| Thu, 21 Nov 2024 | HK$21.4b | HK$29.3b | HK$1.7b | 6x | 12.5x | 0.7x |
| Sat, 19 Oct 2024 | HK$25.0b | HK$32.5b | HK$1.7b | 6.4x | 14.4x | 0.8x |
| Mon, 16 Sep 2024 | HK$20.8b | HK$32.5b | HK$1.7b | 5.7x | 11.9x | 0.6x |
| Wed, 14 Aug 2024 | HK$22.5b | HK$33.0b | HK$2.4b | 5.3x | 9.4x | 0.7x |
| Fri, 12 Jul 2024 | HK$22.5b | HK$33.0b | HK$2.4b | 4.6x | 9.4x | 0.7x |
| Sun, 09 Jun 2024 | HK$28.4b | HK$33.0b | HK$2.4b | 5.1x | 11.9x | 0.9x |
| Tue, 07 May 2024 | HK$27.5b | HK$31.6b | HK$2.0b | 5.6x | 13.5x | 0.9x |
| Thu, 04 Apr 2024 | HK$26.6b | HK$30.4b | HK$2.0b | 5.3x | 13.1x | 0.9x |
| Sat, 02 Mar 2024 | HK$25.0b | HK$31.2b | HK$2.4b | 7.3x | 10.3x | 0.8x |
| Mon, 29 Jan 2024 | HK$24.4b | HK$31.1b | HK$2.4b | 6.3x | 10.2x | 0.8x |
| Wed, 27 Dec 2023 | HK$25.4b | HK$31.1b | HK$2.4b | 5.3x | 10.6x | 0.8x |
| Fri, 24 Nov 2023 | HK$27.7b | HK$31.1b | HK$2.4b | 6.1x | 11.5x | 0.9x |
| Sun, 22 Oct 2023 | HK$25.0b | HK$31.4b | HK$2.3b | 6.1x | 10.7x | 0.8x |
| Tue, 19 Sep 2023 | HK$29.1b | HK$31.4b | HK$2.3b | 5.8x | 12.5x | 0.9x |
| Thu, 17 Aug 2023 | HK$29.8b | HK$32.8b | HK$2.5b | 8.5x | 11.9x | 0.9x |
| Sat, 15 Jul 2023 | HK$29.1b | HK$32.9b | HK$2.5b | 8.9x | 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 11.0x 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 9.0% 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 | 1.04% | |
| Consumer Discretionary | 6.58% | |
| Consumer Durables | 4.58% | |
| Home Furnishings | -0.05% | |
| Household Appliances | 7.56% | |
| Consumer Electronics | 4.05% | |
| Housewares and Specialties | 0.49% | |
| Homebuilding | -2.81% | |
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 | |
|---|---|---|---|---|---|
| 1999 Man Wah Holdings | HK$3.04 | 1.7% +HK$192.3m | -30.0% | PE6.5x | |
| 1925 Kwung's Aroma Holdings | HK$1.25 | 1.6% +HK$8.1m | -0.8% | PE12.2x | |
| 1575 Regal Partners Holdings | HK$0.037 | 5.7% +HK$7.6m | -30.2% | PS1.8x | |
| 1198 Royale Home Holdings | HK$0.064 | 1.6% +HK$2.6m | -78.7% | PS0.4x |