Analysis Article • May 07
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Hong Kong (HSI) Home Furnishings Industry Analysis
UpdatedJul 20, 2026
DataAggregated Company Financials
Companies8
- 7D2.5%
- 3M-25.4%
- 1Y-30.3%
- YTDn/a
In the last week, the Home Furnishings industry is up 2.5%, with Man Wah Holdings up 5.0%. During this same period, the Royale Home Holdings underperformed, falling 19%. In the past year, the industry is down 30%. 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 |
|---|---|---|---|---|---|---|
| Mon, 20 Jul 2026 | HK$14.1b | HK$24.8b | HK$1.3b | 8.1x | 11x | 0.6x |
| Wed, 17 Jun 2026 | HK$15.3b | HK$24.8b | HK$1.3b | 9.7x | 11.9x | 0.6x |
| Fri, 15 May 2026 | HK$19.0b | HK$25.1b | HK$1.5b | 10.2x | 12.3x | 0.8x |
| Sun, 12 Apr 2026 | HK$19.8b | HK$25.0b | HK$1.5b | 10.3x | 12.7x | 0.8x |
| Tue, 10 Mar 2026 | HK$20.2b | HK$24.5b | HK$1.9b | 8.9x | 10.8x | 0.8x |
| Thu, 05 Feb 2026 | HK$21.8b | HK$24.5b | HK$1.9b | 7.2x | 11.6x | 0.9x |
| Sat, 03 Jan 2026 | HK$20.6b | HK$24.5b | HK$1.9b | 6.9x | 11x | 0.8x |
| Mon, 01 Dec 2025 | HK$21.2b | HK$24.5b | HK$1.9b | 7.2x | 11.3x | 0.9x |
| Wed, 29 Oct 2025 | HK$21.3b | HK$24.7b | HK$1.9b | 7x | 11.3x | 0.9x |
| Fri, 26 Sep 2025 | HK$19.2b | HK$24.7b | HK$1.9b | 6.5x | 10.2x | 0.8x |
| Sun, 24 Aug 2025 | HK$21.8b | HK$25.8b | HK$182.8m | 7x | 119.1x | 0.8x |
| Tue, 22 Jul 2025 | HK$20.7b | HK$25.9b | HK$214.2m | 6x | 96.8x | 0.8x |
| Thu, 19 Jun 2025 | HK$19.0b | HK$25.9b | HK$217.7m | 6.2x | 87.2x | 0.7x |
| Sat, 17 May 2025 | HK$19.1b | HK$25.9b | HK$231.3m | 5.3x | 82.6x | 0.7x |
| Mon, 14 Apr 2025 | HK$17.3b | HK$26.7b | HK$510.5m | 5x | 33.8x | 0.6x |
| Wed, 12 Mar 2025 | HK$21.1b | HK$26.5b | HK$271.3m | 6.2x | 77.6x | 0.8x |
| Fri, 07 Feb 2025 | HK$21.0b | HK$28.6b | HK$1.7b | 6.3x | 12.2x | 0.7x |
| Sun, 05 Jan 2025 | HK$20.8b | HK$28.6b | HK$1.7b | 6.3x | 12x | 0.7x |
| Tue, 03 Dec 2024 | HK$21.8b | HK$28.6b | HK$1.7b | 6.5x | 12.7x | 0.8x |
| Thu, 31 Oct 2024 | HK$26.5b | HK$32.4b | HK$1.7b | 6.3x | 15.3x | 0.8x |
| Sat, 28 Sep 2024 | HK$27.1b | HK$32.5b | HK$1.7b | 6.2x | 15.7x | 0.8x |
| Mon, 26 Aug 2024 | HK$21.6b | HK$33.4b | HK$2.4b | 4.9x | 8.9x | 0.6x |
| Wed, 24 Jul 2024 | HK$22.6b | HK$33.0b | HK$2.4b | 4.9x | 9.5x | 0.7x |
| Fri, 21 Jun 2024 | HK$27.4b | HK$33.0b | HK$2.4b | 4.6x | 11.5x | 0.8x |
| Sun, 19 May 2024 | HK$32.7b | HK$33.0b | HK$2.4b | 5.2x | 13.7x | 1x |
| Tue, 16 Apr 2024 | HK$24.1b | HK$30.4b | HK$2.0b | 4.9x | 11.9x | 0.8x |
| Thu, 14 Mar 2024 | HK$26.7b | HK$31.2b | HK$2.4b | 7.7x | 11x | 0.9x |
| Sat, 10 Feb 2024 | HK$23.2b | HK$31.1b | HK$2.4b | 7.7x | 9.7x | 0.7x |
| Mon, 08 Jan 2024 | HK$25.6b | HK$31.1b | HK$2.4b | 6x | 10.7x | 0.8x |
| Wed, 06 Dec 2023 | HK$25.3b | HK$31.2b | HK$2.4b | 5.9x | 10.5x | 0.8x |
| Fri, 03 Nov 2023 | HK$26.2b | HK$31.4b | HK$2.3b | 5.6x | 11.2x | 0.8x |
| Sun, 01 Oct 2023 | HK$28.0b | HK$31.4b | HK$2.3b | 6.2x | 11.9x | 0.9x |
| Tue, 29 Aug 2023 | HK$28.9b | HK$32.3b | HK$2.4b | 9.9x | 11.9x | 0.9x |
| Thu, 27 Jul 2023 | HK$29.9b | HK$32.9b | HK$2.5b | 8.9x | 11.9x | 0.9x |
Price to Earnings Ratio
11.9x
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 | 0.25% | |
| Consumer Discretionary | 2.02% | |
| Consumer Durables | -2.95% | |
| Home Furnishings | 2.46% | |
| Homebuilding | -1.22% | |
| Consumer Electronics | -2.58% | |
| Housewares and Specialties | -4.07% | |
| Household Appliances | -4.82% | |
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$3.18 | 5.0% +HK$576.9m | -30.6% | PE6.7x | |
| 1418 Sinomax Group | HK$0.17 | 11.3% +HK$29.8m | -45.2% | PE4.8x | |
| 1575 Regal Partners Holdings | HK$0.043 | 16.2% +HK$22.7m | -28.3% | PS2.1x | |
| 396 Hing Lee (HK) Holdings | HK$0.28 | 5.7% +HK$12.1m | 218.2% | PE287.5x | |
| 1925 Kwung's Aroma Holdings | HK$1.26 | 0.8% +HK$4.1m | 5.0% | PE12.3x |