Techtronic Industries (0669) AI Stock Analysis

• Market Cap: HK$191.01B
• Dividend Yield: 2.65%
• Average Volume (3M): 4.35M
• Price to Earnings (P/E): 20.4
• Beta (1Y): 0.76
• Revenue Growth: 6.51%
• EPS Growth: 13.97%
• Country: US
• Employees: 46,580
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Tools & Accessories
• EPS (TTM): 2.68
• Shares Outstanding: 1,829,210,000
• 10 Day Avg. Volume: 5,136,845
• 30 Day Avg. Volume: 4,345,306
• PEG Ratio: 1.43
• Price to Book (P/B): 3.80
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 15.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$122.33
• Price Target Upside: 14.33% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: HK$123.00 ▲(14.95% Upside)

Techtronic Industries scores highly due to strong financial performance and positive earnings call results, reflecting robust growth and strategic confidence. The technical analysis and valuation are neutral, indicating a balanced market position. The absence of significant corporate events does not affect the score.

Positive Factors

Brand strength & platform growth

Sustained double-digit growth for MILWAUKEE and multi-year cordless CAGR for RYOBI indicate durable brand-led platform expansion. Strong professional adoption and ecosystem sales (tools, batteries, consumables) support recurring revenue, higher lifetime customer value and long-term margin resilience.

Robust cash generation

Consistent and growing free cash flow provides durable capacity to fund R&D, product launches, and distribution expansion without reliance on external financing. Strong cash conversion ratios underpin capital allocation flexibility, dividend support and resilience through industry cycles.

Strong balance sheet & lower leverage

Reduced leverage and a larger equity base provide structural financial flexibility for capex, M&A or supply-chain investments. A solid capital structure lowers refinancing risk and supports sustained investment in product innovation and channel expansion over multiple market cycles.

Negative Factors

Tariff and geopolitical uncertainty

Ongoing tariff uncertainty can create persistent cost and sourcing pressure, forcing supply-chain reconfiguration or higher input costs. Over months this can erode margins, raise unit costs, and necessitate capital expenditure or price increases that may weaken competitive positioning in key markets.

Regional market underperformance (ANZ)

Persistent underperformance in a specific region highlights demand cyclicality and exposure of product categories (outdoor, professional) to seasonality and local conditions. Structural weakness in a region can dent medium-term revenue growth and require sustained marketing or channel investments to restore prior growth rates.

Missing EBIT disclosure concern

Lack of clear EBIT disclosure hinders assessment of core operating profitability and makes it harder to separate recurring operating performance from one-offs. Over several quarters this reduces visibility into margin sustainability and may mask underlying cost or efficiency issues that affect long-term returns.

Techtronic Industries Business Overview & Revenue Model

Company Description

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products worldwide. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers. The company provides floorcare products and accessories under the HOOVER, DIRT DEVIL, VAX, and ORECK brands, as well as to OEM customers. It serves Do-It-Yourself, professional, and industrial users in the home improvement, repair, maintenance, construction, and infrastructure industries. The company was founded in 1985 and is based in Kwai Chung, Hong Kong.

How the Company Makes Money

Techtronic Industries generates revenue primarily through the sale of its power tools and outdoor equipment. The company has a diverse revenue model that includes direct sales to consumers, distribution through third-party retailers, and partnerships with major hardware and home improvement stores. Key revenue streams include sales from its well-established brands, which are recognized for quality and innovation. Additionally, the company benefits from seasonal demand for outdoor equipment and ongoing renovations in the construction sector. Strategic partnerships with retailers and a strong online presence further contribute to its earnings, allowing for a broad market reach and increased sales volumes.

Techtronic Industries Financial Statement Overview

Summary

Techtronic Industries presents a strong financial profile with sustained revenue growth, efficient cost management, and robust cash flow generation. While the company exhibits a solid balance sheet with decreasing leverage, there is potential to enhance operational profitability and return on equity. The absence of EBIT in the latest year warrants attention for comprehensive profitability analysis.

Income Statement

Techtronic Industries has demonstrated robust revenue growth over the years, with a solid revenue growth rate of approximately 6.5% in 2024. The company maintains a healthy gross profit margin of 40.3% in 2024, reflecting efficient cost management. However, the EBIT margin is notably absent in the latest report, which is a concern for assessing operational profitability. The EBITDA margin remains strong at 13.7%, indicating good earnings before depreciation and amortization.

Balance Sheet

The company's balance sheet is stable with an improving equity position, as stockholders' equity increases to $6.36 billion in 2024. The debt-to-equity ratio decreased to 0.33, indicating prudent leverage management. The equity ratio is 49.4%, reflecting a solid capital structure. However, the return on equity (ROE) of 17.6% suggests room for improvement in generating returns from shareholders' investments.

Cash Flow

Techtronic demonstrates strong cash flow performance with a significant increase in free cash flow by 28.6% in 2024. The operating cash flow to net income ratio is 2.02, indicating robust cash generation relative to net income. The free cash flow to net income ratio is 1.41, showcasing efficient capital allocation and capacity to reinvest in the business or return value to shareholders.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.14B	14.62B	13.73B	13.25B	13.20B	9.81B
Gross Profit	6.13B	5.90B	5.42B	5.21B	5.12B	3.75B
EBITDA	2.13B	2.01B	1.78B	1.44B	1.38B	1.03B
Net Income	1.20B	1.12B	976.34M	1.08B	1.10B	800.76M
Balance Sheet
Total Assets	13.89B	12.89B	12.40B	13.32B	13.01B	9.39B
Cash, Cash Equivalents and Short-Term Investments	1.63B	1.25B	979.35M	1.69B	2.04B	1.69B
Total Debt	2.25B	2.11B	2.84B	3.86B	3.84B	1.70B
Total Liabilities	7.24B	6.53B	6.65B	8.11B	8.29B	5.49B
Stockholders Equity	6.66B	6.36B	5.75B	5.21B	4.72B	3.90B
Cash Flow
Free Cash Flow	1.53B	1.58B	1.23B	652.11M	-847.48M	700.14M
Operating Cash Flow	2.21B	2.27B	2.10B	1.23B	-100.94M	1.16B
Investing Cash Flow	-589.73M	-606.24M	-778.78M	-919.23M	-1.02B	-580.27M
Financing Cash Flow	-1.26B	-1.33B	-1.80B	-712.74M	1.47B	-498.09M

Techtronic Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 107.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0669, the sentiment is Positive. The current price of 107 is above the 20-day moving average (MA) of 98.83, above the 50-day MA of 94.04, and above the 200-day MA of 91.69, indicating a bullish trend. The MACD of 3.08 indicates Negative momentum. The RSI at 72.87 is Negative, neither overbought nor oversold. The STOCH value of 83.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0669.

Techtronic Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0669	80 Outperform	HK$191.01B	20.44	18.59%	2.65%	6.51%	13.97%
2285	77 Outperform	HK$12.62B	11.07	14.64%	8.66%	28.34%	―
1882	75 Outperform	HK$38.85B	11.00	15.98%	3.32%	16.15%	17.32%
1157	74 Outperform	HK$82.65B	16.71	7.29%	7.28%	-3.92%	2.33%
2618	73 Outperform	HK$76.35B	10.62	12.40%	―	11.05%	81.01%
6198	70 Outperform	HK$63.83B	8.13	12.29%	5.34%	3.68%	7.86%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Techtronic Industries Corporate Events

Techtronic Industries Sets March Board Meeting on 2025 Results and Dividend

Techtronic Industries has scheduled a board meeting for 3 March 2026 to approve the announcement of its audited annual results for the financial year ended 31 December 2025 and to consider the declaration of a final dividend for 2025. The planned meeting signals an upcoming disclosure of the company’s full-year financial performance and potential shareholder returns, developments that will be closely watched by investors for insight into Techtronic’s operational momentum and capital distribution policy.

The most recent analyst rating on (HK:0669) stock is a Buy with a HK$125.00 price target. To see the full list of analyst forecasts on Techtronic Industries stock, see the HK:0669 Stock Forecast page.

Techtronic Industries to Discontinue HART Business by 2025

Techtronic Industries has announced the voluntary discontinuation of its HART business by the end of 2025, while retaining the HART brand in its portfolio. The company reports strong point of sales demand for its Milwaukee and Ryobi brands, indicating resilience and positioning for continued success in 2026. The decision to discontinue the HART business aligns with TTI’s focus on profitable growth and supports its medium-term profitability objectives.

The most recent analyst rating on (HK:0669) stock is a Buy with a HK$125.00 price target. To see the full list of analyst forecasts on Techtronic Industries stock, see the HK:0669 Stock Forecast page.