Raymond Industrial Limited (HK:0229)
:0229
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Raymond Industrial Limited
(0229)
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Rating:71Outperform
Price Target:
HK$0.97
▲(4.52% Upside)
Action:Upgraded
Date:05/01/26
The score is supported primarily by solid financial performance (notably a debt-free balance sheet) and attractive valuation (low P/E and very high dividend yield). This is tempered by weak technical signals, with the stock trading below key moving averages and negative MACD.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk and preserves strategic optionality. Over a 2–6 month horizon this durability supports continued capital allocation to operations, dividends or opportunistic investments without refinancing stress, enhancing resilience through cycles.
Negative Factors
Volatile revenue trends
Significant revenue volatility reduces visibility for forecasting and investment planning. Over a medium-term horizon this instability can impair capacity utilization, complicate fixed-cost absorption and make consistent margin or dividend guidance harder to sustain, elevating execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk and preserves strategic optionality. Over a 2–6 month horizon this durability supports continued capital allocation to operations, dividends or opportunistic investments without refinancing stress, enhancing resilience through cycles.
Read all positive factors
Raymond Industrial Limited (0229) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$441.17M
Dividend Yield12.9%
Average Volume (3M)36.04K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth0.71%
EPS Growth2.66%
CountryHK
Employees2,646
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.10
Shares Outstanding501,324,860
10 Day Avg. Volume31,600
30 Day Avg. Volume36,036
Financial Highlights & Ratios
PEG Ratio3.82
Price to Book (P/B)0.70
Price to Sales (P/S)0.43
P/FCF Ratio-199.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Raymond Industrial Limited Business Overview & Revenue Model
Company Description
Raymond Industrial Limited, together with its subsidiaries, manufactures and sells electrical home appliances in Japan, the United States, the People's Republic of China, Europe, rest of Asia, Australia, Canada, South America, and Africa. It offer...
Raymond Industrial Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08B | 1.08B | 1.08B | 1.36B | 1.06B | 1.43B |
| Gross Profit | 149.37M | 139.48M | 149.46M | 183.72M | 129.99M | 172.33M |
| EBITDA | 57.28M | 57.19M | 55.73M | 80.90M | 65.92M | 80.74M |
| Net Income | 50.90M | 46.41M | 45.22M | 67.87M | 30.50M | 41.96M |
Balance Sheet | ||||||
| Total Assets | 881.53M | 907.57M | 880.24M | 891.05M | 854.14M | 956.88M |
| Cash, Cash Equivalents and Short-Term Investments | 332.53M | 285.59M | 354.33M | 367.42M | 334.38M | 244.80M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 209.54M | 238.81M | 204.48M | 217.51M | 208.27M | 286.05M |
| Stockholders Equity | 671.99M | 668.76M | 675.76M | 673.54M | 645.87M | 670.83M |
Cash Flow | ||||||
| Free Cash Flow | 4.57M | -2.36M | 33.95M | 51.24M | 116.80M | -13.10M |
| Operating Cash Flow | 43.38M | 48.90M | 71.88M | 91.75M | 136.91M | 19.09M |
| Investing Cash Flow | -23.48M | -52.89M | -20.52M | -23.66M | -16.55M | -31.51M |
| Financing Cash Flow | -65.44M | -60.14M | -70.16M | -35.10M | -29.96M | -35.42M |
Raymond Industrial Limited Technical Analysis
Neutral
0.93
Price Trends
0.90
Negative
0.92
Negative
0.92
Negative
Market Momentum
>-0.01
Negative
51.86
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0229, the sentiment is Neutral. The current price of 0.93 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.90, and above the 200-day MA of 0.92, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.86 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0229.
Raymond Industrial Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$710.36B | 11.05 | 19.76% | 5.00% | 9.21% | 4.23% | |
71 Outperform | HK$441.17M | ― | 6.20% | 12.90% | 0.71% | 2.66% | |
68 Neutral | HK$218.75B | 9.19 | 15.65% | 5.20% | 2.10% | -0.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$495.17M | 5.15 | 4.84% | 7.24% | -6.53% | -49.31% | |
49 Neutral | HK$329.73M | -22.37 | 6.01% | ― | -5.88% | ― | |
48 Neutral | HK$5.45B | 6.06 | -4.81% | ― | 4.06% | -469.59% |
* Consumer Cyclical Sector Average
HK:0229
Raymond Industrial Limited
0.90
0.09
11.11%
HK:1373
International Housewares Retail Co
0.71
-0.16
-18.11%
HK:1691
JS Global Lifestyle Company Limited
1.56
-0.41
-20.81%
HK:2222
NVC International Holdings Ltd.
0.62
-0.22
-26.19%
HK:6690
Haier Smart Home Co., Ltd. Class H
20.58
-1.91
-8.49%
HK:0300
Midea Group Co. Ltd. Class H
91.70
14.28
18.44%
Raymond Industrial Limited Corporate Events
Raymond Industrial Corrects AGM Notice Date for Dividend Qualification
Apr 28, 2026
Raymond Industrial Limited has issued a clarification regarding an inadvertent clerical error in the English version of its recent annual general meeting notice, specifically concerning the deadline for shareholders to lodge share transfer documen...
Raymond Industrial Sets 2026 AGM to Approve Dividend, Board Changes and Share Issuance Mandate
Apr 24, 2026
Raymond Industrial Limited has called its annual general meeting for 20 May 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025 and consider a proposed final dividend of ...
Raymond Industrial Holds Revenue Flat, Margins Tighten but Profit Edges Higher in 2025
Mar 26, 2026
Raymond Industrial Limited reported audited revenue of HK$1.08 billion for 2025, broadly flat from the prior year, with gross profit slipping to HK$139.5 million as cost pressures weighed on margins. Net profit attributable to shareholders rose sl...
Raymond Industrial Proposes HKD 0.03 Final Dividend for 2025
Mar 26, 2026
Raymond Industrial Limited has proposed a final ordinary cash dividend of HKD 0.03 per share for the financial year ended 31 December 2025, reinforcing its practice of returning capital to shareholders. The payout, subject to shareholder approval ...
Raymond Industrial Proposes New Articles to Allow Virtual Meetings and Align With HK Company Law
Mar 26, 2026
Raymond Industrial Limited plans to overhaul its articles of association, proposing a new set of rules that will, among other changes, permit general meetings to be held in virtual or hybrid formats. The revisions also align the company’s go...
Raymond Industrial Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 12, 2026
Raymond Industrial Limited has scheduled a board meeting for 26 March 2026 in Hong Kong to review and approve the audited final results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.