2549 Stock Overview

An investment holding company, provides a range of kitchenware products to brand-owners and retailers under the CAROTE brand. More details

2549 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	6/6
Past Performance	4/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 72.7% below our estimate of its fair value

Earnings are forecast to grow 23.53% per year

Earnings grew by 92.1% over the past year

Risk Analysis

Volatile share price over the past 3 months compared to the Hong Kong market

My Notes

Capture your thoughts, links and company narrative

Carote Ltd Competitors

Q P Group Holdings

SEHK:1412

HK$601.2m

JS Global Lifestyle

SEHK:1691

HK$4.5b

Vesync

SEHK:2148

HK$4.8b

Skyworth Group

SEHK:751

HK$7.0b

Price History & Performance

Summary of share price highs, lows and changes for Carote
Historical stock prices
Current Share Price	HK$5.16
52 Week High	HK$10.88
52 Week Low	HK$4.22
Beta	0
1 Month Change	-5.15%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-43.61%

Recent updates

Shareholder Returns

	2549	HK Consumer Durables	HK Market
7D	2.2%	-1.3%	-0.5%
1Y	n/a	2.6%	19.9%

Return vs Industry: Insufficient data to determine how 2549 performed against the Hong Kong Consumer Durables industry.

Return vs Market: Insufficient data to determine how 2549 performed against the Hong Kong Market.

Price Volatility

Is 2549's price volatile compared to industry and market?
2549 volatility
2549 Average Weekly Movement	13.3%
Consumer Durables Industry Average Movement	6.9%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.6%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 2549's share price has been volatile over the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 2549's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2007	180	Guodong Zhang	www.mycarote.com

Carote Ltd, an investment holding company, provides a range of kitchenware products to brand-owners and retailers under the CAROTE brand. It offers cookware products, including non-stick pots and pans, cast iron pots, and curated cookware sets; and kitchen utensils, such as kitchen organizers, containers, knives, cutting boards, spatulas, and ladles. The company also provides drinkware products comprising water containers, glasses, and mugs; and other products, including tableware and small kitchen appliances, such as air fryers and electronic cooking pots.

Carote Ltd Fundamentals Summary

How do Carote's earnings and revenue compare to its market cap?
2549 fundamental statistics
Market cap	HK$2.86b
Earnings (TTM)	HK$287.51m
Revenue (TTM)	HK$1.91b

10.0x

P/E Ratio

1.5x

P/S Ratio

Is 2549 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2549 income statement (TTM)
Revenue	CN¥1.79b
Cost of Revenue	CN¥1.13b
Gross Profit	CN¥663.86m
Other Expenses	CN¥394.08m
Earnings	CN¥269.78m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.49
Gross Margin	37.00%
Net Profit Margin	15.04%
Debt/Equity Ratio	2.4%

How did 2549 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 08:01
End of Day Share Price	2024/12/20 00:00
Earnings	2024/03/31
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

Carote Ltd is covered by 2 analysts. 2 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
Kunal Vora	BNP Paribas Exane
Wing Hong Woo	CMB International Securities Limited

Carote SEHK:2549 Stock Report