Analysis Article • May 07
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJul 12, 2026
DataAggregated Company Financials
Companies8
- 7D-2.7%
- 3M-29.8%
- 1Y-31.1%
- 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 88% in the last week. Overall the industry is down 31% in 12 months. Looking forward, earnings are forecast to grow by 3.6% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 12 Jul 2026 | HK$13.8b | HK$24.8b | HK$1.3b | 8.3x | 10.7x | 0.6x |
| Tue, 09 Jun 2026 | HK$16.8b | HK$24.8b | HK$1.3b | 10.2x | 13.1x | 0.7x |
| Thu, 07 May 2026 | HK$19.3b | HK$25.0b | HK$1.5b | 10.2x | 12.5x | 0.8x |
| Sat, 04 Apr 2026 | HK$19.5b | HK$25.0b | HK$1.6b | 8.6x | 12.4x | 0.8x |
| Mon, 02 Mar 2026 | HK$22.5b | HK$24.6b | HK$1.9b | 9.7x | 12x | 0.9x |
| Wed, 28 Jan 2026 | HK$21.3b | HK$24.5b | HK$1.9b | 7x | 11.3x | 0.9x |
| Fri, 26 Dec 2025 | HK$21.4b | HK$24.5b | HK$1.9b | 7.2x | 11.4x | 0.9x |
| Sun, 23 Nov 2025 | HK$21.2b | HK$24.5b | HK$1.9b | 7.2x | 11.2x | 0.9x |
| Tue, 21 Oct 2025 | HK$20.1b | HK$24.7b | HK$1.9b | 7.1x | 10.7x | 0.8x |
| Thu, 18 Sep 2025 | HK$20.7b | HK$24.7b | HK$1.9b | 6.7x | 11.1x | 0.8x |
| Sat, 16 Aug 2025 | HK$21.5b | HK$25.9b | HK$223.1m | 6.5x | 96.6x | 0.8x |
| Mon, 14 Jul 2025 | HK$20.2b | HK$25.9b | HK$212.0m | 5.9x | 95.3x | 0.8x |
| Wed, 11 Jun 2025 | HK$19.3b | HK$25.9b | HK$217.5m | 6.4x | 88.5x | 0.7x |
| Fri, 09 May 2025 | HK$19.7b | HK$26.7b | HK$494.1m | 5.2x | 39.8x | 0.7x |
| Sun, 06 Apr 2025 | HK$19.2b | HK$26.7b | HK$505.4m | 5.5x | 37.9x | 0.7x |
| Tue, 04 Mar 2025 | HK$21.0b | HK$27.5b | HK$1.0b | 6.5x | 20.9x | 0.8x |
| Thu, 30 Jan 2025 | HK$21.1b | HK$28.6b | HK$1.7b | 6.6x | 12.3x | 0.7x |
| Sat, 28 Dec 2024 | HK$20.8b | HK$28.6b | HK$1.7b | 6x | 12.1x | 0.7x |
| Mon, 25 Nov 2024 | HK$20.7b | HK$28.6b | HK$1.7b | 6.4x | 12x | 0.7x |
| Wed, 23 Oct 2024 | HK$26.4b | HK$32.5b | HK$1.7b | 6.3x | 15.3x | 0.8x |
| Fri, 20 Sep 2024 | HK$21.4b | HK$32.5b | HK$1.7b | 5.6x | 12.3x | 0.7x |
| Sun, 18 Aug 2024 | HK$22.6b | HK$33.0b | HK$2.4b | 5.3x | 9.5x | 0.7x |
| Tue, 16 Jul 2024 | HK$23.1b | HK$33.0b | HK$2.4b | 4.7x | 9.7x | 0.7x |
| Thu, 13 Jun 2024 | HK$27.5b | HK$33.0b | HK$2.4b | 5x | 11.5x | 0.8x |
| Sat, 11 May 2024 | HK$28.8b | HK$31.6b | HK$2.0b | 5.2x | 14.1x | 0.9x |
| Mon, 08 Apr 2024 | HK$26.1b | HK$30.4b | HK$2.0b | 5.6x | 12.8x | 0.9x |
| Wed, 06 Mar 2024 | HK$24.3b | HK$31.2b | HK$2.4b | 7.3x | 10x | 0.8x |
| Fri, 02 Feb 2024 | HK$24.0b | HK$31.1b | HK$2.4b | 7.3x | 10x | 0.8x |
| Sun, 31 Dec 2023 | HK$27.3b | HK$31.2b | HK$2.4b | 5.9x | 11.4x | 0.9x |
| Tue, 28 Nov 2023 | HK$27.2b | HK$31.1b | HK$2.4b | 5.8x | 11.3x | 0.9x |
| Thu, 26 Oct 2023 | HK$25.0b | HK$31.4b | HK$2.3b | 5.7x | 10.6x | 0.8x |
| Sat, 23 Sep 2023 | HK$28.9b | HK$31.4b | HK$2.3b | 5.9x | 12.4x | 0.9x |
| Mon, 21 Aug 2023 | HK$29.7b | HK$32.9b | HK$2.5b | 8.3x | 11.9x | 0.9x |
| Wed, 19 Jul 2023 | HK$28.5b | HK$32.9b | HK$2.5b | 8.8x | 11.4x | 0.9x |
Price to Earnings Ratio
11.4x
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 | 1.31% | |
| Consumer Discretionary | 1.21% | |
| Consumer Durables | 1.23% | |
| Home Furnishings | -2.73% | |
| Consumer Electronics | 5.49% | |
| Homebuilding | -0.072% | |
| Household Appliances | -1.53% | |
| Housewares and Specialties | -1.59% | |
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$0.11 | 87.9% +HK$132.5m | -61.8% | PS0.6x | |
| 396 Hing Lee (HK) Holdings | HK$0.26 | 6.7% +HK$12.9m | 203.6% | PE261.8x |