Luk Fook Holdings (International) Limited (HK:0590)
:0590
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Luk Fook Holdings (International)
(0590)
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Rating:73Outperform
Price Target:
HK$25.00
▲(7.11% Upside)
Action:Reiterated
Date:05/02/26
The score is supported mainly by solid financial performance (strong recent revenue growth and low leverage) and very attractive valuation (low P/E and high dividend yield). This is partially offset by weak technical conditions, with the price below major moving averages and negative momentum indicators.
Positive Factors
Revenue & Margins
Sustained high revenue growth with robust gross and positive net margins indicates durable demand and pricing power in core jewelry categories. Over 2-6 months this supports reinvestment in stores, product development and resilience against single-period shocks to sales.
Negative Factors
Falling ROE
A meaningful decline in ROE signals reduced capital efficiency and returns to shareholders. Persisting lower ROE may reflect margin pressure or poorer returns on recent investments and could limit long-term capital allocation upside if not addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margins
Sustained high revenue growth with robust gross and positive net margins indicates durable demand and pricing power in core jewelry categories. Over 2-6 months this supports reinvestment in stores, product development and resilience against single-period shocks to sales.
Read all positive factors
Luk Fook Holdings (International) (0590) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.23B
Dividend Yield4.43%
Average Volume (3M)1.80M
Price to Earnings (P/E)5.9
Beta (1Y)0.64
Revenue Growth10.89%
EPS Growth2.02%
CountryHK
Employees6,600
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)2.18
Shares Outstanding587,107,850
10 Day Avg. Volume1,457,227
30 Day Avg. Volume1,803,246
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.68
Price to Sales (P/S)0.67
P/FCF Ratio11.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$34.38Price Target Upside47.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)3.12
Revenue Forecast (FY)HK$18.24B
Luk Fook Holdings (International) Business Overview & Revenue Model
Company Description
Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products. It is also involved in gold ...
How the Company Makes Money
The company makes money primarily by selling jewelry products to end customers through its directly operated retail stores and by supplying products through wholesale channels. A key revenue stream is retail sales of gold and platinum products (of...
Luk Fook Holdings (International) Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.74B | 13.34B | 15.33B | 11.98B | 11.74B | 8.86B |
| Gross Profit | 5.01B | 4.42B | 4.17B | 3.23B | 3.23B | 2.63B |
| EBITDA | 2.58B | 2.04B | 2.64B | 1.96B | 2.14B | 1.81B |
| Net Income | 1.28B | 1.10B | 1.77B | 1.28B | 1.39B | 1.02B |
Balance Sheet | ||||||
| Total Assets | 18.59B | 17.90B | 16.85B | 14.93B | 16.22B | 14.51B |
| Cash, Cash Equivalents and Short-Term Investments | 871.37M | 1.91B | 2.00B | 2.35B | 3.49B | 3.55B |
| Total Debt | 2.83B | 2.81B | 2.03B | 860.20M | 2.31B | 1.51B |
| Total Liabilities | 5.04B | 4.76B | 3.99B | 2.71B | 4.14B | 3.19B |
| Stockholders Equity | 13.63B | 13.20B | 12.89B | 12.22B | 12.08B | 11.32B |
Cash Flow | ||||||
| Free Cash Flow | -271.16M | 777.34M | 986.53M | 1.23B | 283.45M | 2.31B |
| Operating Cash Flow | -143.44M | 919.20M | 1.66B | 1.34B | 738.94M | 2.45B |
| Investing Cash Flow | -122.34M | -182.48M | -777.34M | -64.43M | -399.79M | -205.85M |
| Financing Cash Flow | -808.62M | -805.04M | -1.26B | -2.31B | -460.13M | -1.54B |
Luk Fook Holdings (International) Technical Analysis
Negative
23.34
Price Trends
24.08
Negative
26.45
Negative
25.21
Negative
Market Momentum
-0.51
Negative
34.50
Neutral
36.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0590, the sentiment is Negative. The current price of 23.34 is above the 20-day moving average (MA) of 22.71, below the 50-day MA of 24.08, and below the 200-day MA of 25.21, indicating a bearish trend. The MACD of -0.51 indicates Negative momentum. The RSI at 34.50 is Neutral, neither overbought nor oversold. The STOCH value of 36.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0590.
Luk Fook Holdings (International) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.03B | 1.58 | 5.10% | 4.05% | 10.23% | 66.75% | |
76 Outperform | HK$472.84M | 2.83 | 11.02% | 6.00% | 14.52% | 15.74% | |
73 Outperform | HK$13.23B | 5.90 | 9.57% | 4.43% | 10.89% | 2.02% | |
67 Neutral | HK$7.89B | 2.51 | 12.17% | 4.60% | 6.00% | 114.75% | |
65 Neutral | HK$8.24B | 7.20 | 20.83% | 1.70% | ― | ― | |
64 Neutral | HK$109.41B | 15.23 | 23.29% | 4.21% | -9.49% | 32.56% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
HK:0590
Luk Fook Holdings (International)
21.68
4.75
28.03%
HK:0116
Chow Sang Sang Holdings International
11.26
4.56
68.16%
HK:1929
Chow Tai Fook Jewellery Group
10.97
0.72
7.00%
HK:0887
Emperor Watch & Jewellery
0.29
<0.01
1.79%
HK:0280
King Fook Holdings Limited
0.51
0.18
54.55%
HK:6168
Zhou Liu Fu Jewellery Co., Ltd. Class H
17.69
-22.05
-55.49%
Luk Fook Holdings (International) Corporate Events
Luk Fook Posts Strong Q4 Sales on Surging Gold Demand
Apr 21, 2026
Luk Fook Holdings reported a strong rebound in retail sales for the fourth quarter ended 31 March 2026, despite facing a very high comparison base from a year earlier. The group’s overall retail sales value rose 19% year-on-year, while retai...
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.