Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJul 21, 2026
DataAggregated Company Financials
Companies8
- 7D3.5%
- 3M-25.4%
- 1Y-30.7%
- YTDn/a
Over the last 7 days, the Home Furnishings industry has risen 2.5%, driven by gains from Man Wah Holdings of 5.0%. Meanwhile, Royale Home Holdings actually underperformed within the industry, shrinking 19% in the last week. However, the industry is down 30% over the past year. 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | HK$14.2b | HK$24.8b | HK$1.3b | 7.6x | 11x | 0.6x |
| Thu, 18 Jun 2026 | HK$15.2b | HK$24.9b | HK$1.3b | 9.7x | 11.9x | 0.6x |
| Sat, 16 May 2026 | HK$18.0b | HK$25.0b | HK$1.5b | 10.1x | 11.6x | 0.7x |
| Mon, 13 Apr 2026 | HK$19.8b | HK$25.0b | HK$1.5b | 10.3x | 12.7x | 0.8x |
| Wed, 11 Mar 2026 | HK$20.2b | HK$24.6b | HK$1.9b | 8.9x | 10.8x | 0.8x |
| Fri, 06 Feb 2026 | HK$21.9b | HK$24.5b | HK$1.9b | 7.2x | 11.7x | 0.9x |
| Sun, 04 Jan 2026 | HK$20.6b | HK$24.5b | HK$1.9b | 6.9x | 11x | 0.8x |
| Tue, 02 Dec 2025 | HK$21.0b | HK$24.5b | HK$1.9b | 7.2x | 11.2x | 0.9x |
| Thu, 30 Oct 2025 | HK$21.3b | HK$24.7b | HK$1.9b | 7x | 11.3x | 0.9x |
| Sat, 27 Sep 2025 | HK$18.8b | HK$24.7b | HK$1.9b | 6.5x | 10x | 0.8x |
| Mon, 25 Aug 2025 | HK$21.8b | HK$25.8b | HK$182.8m | 7x | 119.1x | 0.8x |
| Wed, 23 Jul 2025 | HK$20.7b | HK$25.9b | HK$213.8m | 6x | 96.7x | 0.8x |
| Fri, 20 Jun 2025 | HK$18.6b | HK$25.9b | HK$217.5m | 6x | 85.7x | 0.7x |
| Sun, 18 May 2025 | HK$19.1b | HK$25.9b | HK$232.7m | 5.3x | 82.2x | 0.7x |
| Tue, 15 Apr 2025 | HK$17.4b | HK$26.7b | HK$518.7m | 5.1x | 33.5x | 0.7x |
| Thu, 13 Mar 2025 | HK$21.0b | HK$26.5b | HK$273.8m | 6.2x | 76.7x | 0.8x |
| Sat, 08 Feb 2025 | HK$19.7b | HK$28.6b | HK$1.7b | 6.3x | 11.4x | 0.7x |
| Mon, 06 Jan 2025 | HK$20.8b | HK$28.6b | HK$1.7b | 6.3x | 12x | 0.7x |
| Wed, 04 Dec 2024 | HK$21.8b | HK$28.6b | HK$1.7b | 6.4x | 12.7x | 0.8x |
| Fri, 01 Nov 2024 | HK$26.5b | HK$32.5b | HK$1.7b | 6.3x | 15.3x | 0.8x |
| Sun, 29 Sep 2024 | HK$27.1b | HK$32.5b | HK$1.7b | 6.2x | 15.7x | 0.8x |
| Tue, 27 Aug 2024 | HK$21.9b | HK$33.4b | HK$2.4b | 4.9x | 9x | 0.7x |
| Thu, 25 Jul 2024 | HK$21.7b | HK$33.0b | HK$2.4b | 5.1x | 9.1x | 0.7x |
| Sat, 22 Jun 2024 | HK$26.7b | HK$33.0b | HK$2.4b | 4.6x | 11.2x | 0.8x |
| Mon, 20 May 2024 | HK$32.7b | HK$33.0b | HK$2.4b | 5.2x | 13.7x | 1x |
| Wed, 17 Apr 2024 | HK$24.1b | HK$30.4b | HK$2.0b | 4.7x | 11.9x | 0.8x |
| Fri, 15 Mar 2024 | HK$26.7b | HK$31.2b | HK$2.4b | 7.5x | 11x | 0.9x |
| Sun, 11 Feb 2024 | HK$22.9b | HK$31.1b | HK$2.4b | 7.6x | 9.6x | 0.7x |
| Tue, 09 Jan 2024 | HK$25.0b | HK$31.1b | HK$2.4b | 6.1x | 10.4x | 0.8x |
| Thu, 07 Dec 2023 | HK$25.7b | HK$31.1b | HK$2.4b | 6.1x | 10.7x | 0.8x |
| Sat, 04 Nov 2023 | HK$27.5b | HK$31.4b | HK$2.3b | 5.8x | 11.7x | 0.9x |
| Mon, 02 Oct 2023 | HK$28.0b | HK$31.4b | HK$2.3b | 6.2x | 11.9x | 0.9x |
| Wed, 30 Aug 2023 | HK$29.6b | HK$32.3b | HK$2.4b | 10x | 12.2x | 0.9x |
| Fri, 28 Jul 2023 | HK$30.8b | HK$32.9b | HK$2.5b | 8.9x | 12.3x | 0.9x |
Price to Earnings Ratio
12.3x
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 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 | 3.06% | |
| Consumer Discretionary | 4.43% | |
| Consumer Durables | 0.31% | |
| Home Furnishings | 3.51% | |
| Consumer Electronics | 0.31% | |
| Household Appliances | -0.34% | |
| Homebuilding | -1.08% | |
| Housewares and Specialties | -1.60% | |
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$3.15 | 2.9% +HK$346.1m | -31.1% | PE6.7x | |
| 1925 Kwung's Aroma Holdings | HK$1.34 | 8.9% +HK$44.6m | 10.7% | PE13.1x | |
| 396 Hing Lee (HK) Holdings | HK$0.30 | 17.3% +HK$36.4m | 246.6% | PE313.2x | |
| 1418 Sinomax Group | HK$0.17 | 11.3% +HK$29.8m | -44.3% | PE4.8x | |
| 1575 Regal Partners Holdings | HK$0.04 | 8.1% +HK$11.4m | -35.5% | PS2x |