How does 229's PE Ratio compare to its peers?

229 is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (7.8x).

How does 229's PE Ratio compare vs other companies in the HK Consumer Durables Industry?

229 is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Hong Kong Consumer Durables industry average (7.2x).

What is 229's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 229's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 229 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

229 (HK$0.88) is trading above our estimate of [[fair value]] (HK$0.57)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

229 Stock Overview

Manufactures and sells electrical home appliances in Asia, Europe, Latin America, North America, and internationally. More details

229 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	5/6

Rewards

Price-To-Earnings ratio (6.4x) is below the Hong Kong market (10x)

Earnings grew by 45.2% over the past year

Pays a reliable dividend of 7.95%

Risk Analysis

Large one-off items impacting financial results

Does not have a meaningful market cap (HK$441M)

My Notes

Capture your thoughts, links and company narrative

Raymond Industrial Limited Competitors

Town Ray Holdings

SEHK:1692

HK$1.0b

SMC Electric

SEHK:2381

HK$206.0m

Alltronics Holdings

SEHK:833

HK$208.1m

Vesync

SEHK:2148

HK$4.8b

Price History & Performance

Summary of share price highs, lows and changes for Raymond Industrial
Historical stock prices
Current Share Price	HK$0.88
52 Week High	HK$1.09
52 Week Low	HK$0.74
Beta	0.41
1 Month Change	-4.35%
3 Month Change	-3.30%
1 Year Change	11.39%
3 Year Change	-12.00%
5 Year Change	-2.22%
Change since IPO	-40.54%

We Think Raymond Industrial's (HKG:229) Profit Is Only A Baseline For What They Can Achieve

Sep 30

Raymond Industrial (HKG:229) Will Pay A Dividend Of HK$0.04

Aug 25

Recent updates

We Think Raymond Industrial's (HKG:229) Profit Is Only A Baseline For What They Can Achieve

Sep 30

Raymond Industrial (HKG:229) Will Pay A Dividend Of HK$0.04

Aug 25

Shareholders May Not Be So Generous With Raymond Industrial Limited's (HKG:229) CEO Compensation And Here's Why

May 13

Raymond Industrial (HKG:229) Is Increasing Its Dividend To HK$0.10

Mar 31

Investor Optimism Abounds Raymond Industrial Limited (HKG:229) But Growth Is Lacking

Jan 24

Raymond Industrial Limited's (HKG:229) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?

Jan 22

Does Raymond Industrial (HKG:229) Have The Makings Of A Multi-Bagger?

Jan 05

Have Insiders Been Buying Raymond Industrial Limited (HKG:229) Shares?

Dec 17

Is Raymond Industrial Limited (HKG:229) The Right Choice For A Smart Dividend Investor?

Dec 02

Do Raymond Industrial's (HKG:229) Earnings Warrant Your Attention?

Nov 17

Shareholder Returns

	229	HK Consumer Durables	HK Market
7D	-1.1%	-2.0%	-2.2%
1Y	11.4%	2.9%	18.3%

Return vs Industry: 229 exceeded the Hong Kong Consumer Durables industry which returned 2.9% over the past year.

Return vs Market: 229 underperformed the Hong Kong Market which returned 18.3% over the past year.

Price Volatility

Is 229's price volatile compared to industry and market?
229 volatility
229 Average Weekly Movement	2.8%
Consumer Durables Industry Average Movement	6.9%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	18.7%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 229 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 229's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1964	2,618	John Wong	www.raymondfinance.com

Raymond Industrial Limited, together with its subsidiaries, manufactures and sells electrical home appliances in Asia, Europe, Latin America, North America, and internationally. It offers environmental products, batteries, health and personal care products, and kitchen products, as well as other small and medium sized electrical household appliances. The company was incorporated in 1964 and is headquartered in Sha Tin, Hong Kong.

Raymond Industrial Limited Fundamentals Summary

How do Raymond Industrial's earnings and revenue compare to its market cap?
229 fundamental statistics
Market cap	HK$441.17m
Earnings (TTM)	HK$69.03m
Revenue (TTM)	HK$1.24b

6.4x

P/E Ratio

0.4x

P/S Ratio

Is 229 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
229 income statement (TTM)
Revenue	HK$1.24b
Cost of Revenue	HK$1.04b
Gross Profit	HK$197.21m
Other Expenses	HK$128.18m
Earnings	HK$69.03m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	15.94%
Net Profit Margin	5.58%
Debt/Equity Ratio	0%

How did 229 perform over the long term?

See historical performance and comparison

Dividends

8.0%

Current Dividend Yield

58%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 21:37
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Raymond Industrial Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Adrian Lowe	CLSA
Patricia Yeung	DBS Vickers Research
Abhishek Ranganathan	PhillipCapital (India)

229 Stock Overview

Rewards

Risk Analysis

Raymond Industrial Limited Competitors

SEHK:1692

HK$1.0b

SEHK:2381

HK$206.0m

SEHK:833

HK$208.1m

SEHK:2148

HK$4.8b

Price History & Performance

Recent News & Updates

We Think Raymond Industrial's (HKG:229) Profit Is Only A Baseline For What They Can Achieve

First half 2024 earnings released: EPS: HK$0.054 (vs HK$0.051 in 1H 2023)

First half 2024 earnings released: EPS: HK$0.054 (vs HK$0.051 in 1H 2023)

Raymond Industrial (HKG:229) Will Pay A Dividend Of HK$0.04

First half dividend of HK$0.04 announced

Raymond Industrial Limited Approves Interim Dividend for the Six Months Ended June 30, 2024, Payable on or About October 3, 2024

Recent updates

We Think Raymond Industrial's (HKG:229) Profit Is Only A Baseline For What They Can Achieve

First half 2024 earnings released: EPS: HK$0.054 (vs HK$0.051 in 1H 2023)

First half 2024 earnings released: EPS: HK$0.054 (vs HK$0.051 in 1H 2023)

Raymond Industrial (HKG:229) Will Pay A Dividend Of HK$0.04

First half dividend of HK$0.04 announced

Raymond Industrial Limited Approves Interim Dividend for the Six Months Ended June 30, 2024, Payable on or About October 3, 2024

Raymond Industrial Limited to Report First Half, 2024 Results on Aug 22, 2024

Non-Executive Director recently bought HK$631k worth of stock

Now 20% overvalued after recent price rise

Upcoming dividend of HK$0.10 per share

Shareholders May Not Be So Generous With Raymond Industrial Limited's (HKG:229) CEO Compensation And Here's Why

Raymond Industrial Limited Proposes Special Dividend for the Year Ended 31 December 2023

Raymond Industrial (HKG:229) Is Increasing Its Dividend To HK$0.10

Final dividend increased to HK$0.10

Full year 2023 earnings released: EPS: HK$0.14 (vs HK$0.061 in FY 2022)

Raymond Industrial Limited, Annual General Meeting, May 20, 2024

Investor Optimism Abounds Raymond Industrial Limited (HKG:229) But Growth Is Lacking

Raymond Industrial Limited to Report Fiscal Year 2023 Results on Mar 22, 2024

Raymond Industrial Limited Provides Earning Guidance for the Year Ended 31 December 2023

Raymond Industrial Limited Announces Resignation of Xiong, Zhengfeng as a Non-Executive Director

Raymond Industrial's (HKG:229) Earnings Seem To Be Promising

Upcoming dividend of HK$0.03 per share at 7.1% yield

Raymond Industrial (HKG:229) Is Increasing Its Dividend To HK$0.03

First half 2023 earnings released: EPS: HK$0.051 (vs HK$0.017 in 1H 2022)

Raymond Industrial Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on October 5, 2023

Raymond Industrial (HKG:229) Has Some Difficulty Using Its Capital Effectively

Raymond Industrial Limited Approves Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of HK$0.04 per share at 7.0% yield

Non-Executive Director recently bought HK$624k worth of stock

Raymond Industrial's (HKG:229) Dividend Will Be HK$0.04

Non-Executive Director recently bought HK$53k worth of stock

Full year 2022 earnings released: EPS: HK$0.061 (vs HK$0.084 in FY 2021)

Now 20% undervalued

Now 22% undervalued

Now 20% undervalued

Raymond Industrial Limited to Report Fiscal Year 2022 Results on Mar 24, 2023

Estimating The Fair Value Of Raymond Industrial Limited (HKG:229)

Less than half of directors are independent

Upcoming dividend of HK$0.02 per share

Raymond Industrial's (HKG:229) Dividend Will Be HK$0.02

Raymond Industrial Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on October 06, 2022

First half 2022 earnings released: EPS: HK$0.017 (vs HK$0.019 in 1H 2021)

Raymond Industrial Limited to Report Q2, 2022 Results on Aug 25, 2022

A Look At The Intrinsic Value Of Raymond Industrial Limited (HKG:229)

Vice Chairman & GM recently bought HK$83k worth of stock

Raymond Industrial Limited Approves Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.04 per share

Less than half of directors are independent

Full year 2021 earnings released: EPS: HK$0.084 (vs HK$0.13 in FY 2020)

Raymond Industrial Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on 09 June 2022

Raymond Industrial Limited Provides Earnings Guidance for the Year Ended December 31, 2021

Third quarter 2021 earnings released: EPS HK$0.025 (vs HK$0.042 in 3Q 2020)

Independent Non-Executive Director Yiu Ming Ng has left the company

Raymond Industrial (HKG:229) Has Announced A Dividend Of HK$0.02

Second quarter 2021 earnings released: EPS HK$0.008 (vs HK$0.035 in 2Q 2020)

GM & Executive Director recently sold HK$801k worth of stock

Here's Why We Think Raymond Industrial (HKG:229) Is Well Worth Watching

Independent Non-Executive Director has left the company

GM & Executive Director exercised options to buy HK$3.7m worth of stock.