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Emperor Watch & Jewellery
(0887)
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Rating:79Outperform
Price Target:
HK$0.36
â–²(18.33% Upside)
Action:Reiterated
Date:07/23/26
The score is driven primarily by strengthening financial performance (improving 2025 profitability, strong cash generation, and a low-leverage balance sheet) and very attractive valuation (low P/E and high dividend yield). Technical indicators are largely neutral, providing only modest support and limiting the overall score.
Positive Factors
Improving profitability
The sharp improvement in 2025 profitability indicates stronger earnings capture from the company’s retail revenue base, while stable gross margins of roughly 28–32% provide support for resilience. If maintained, higher operating profitability can strengthen reinvestment capacity and shareholder returns.
Negative Factors
Demand cyclicality
Luxury watches and jewellery remain exposed to changes in consumer demand, as the earlier revenue declines demonstrate. Cyclicality can make sales and earnings less predictable, potentially limiting the pace of margin improvement and creating periods when fixed retail costs weigh more heavily on profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability
The sharp improvement in 2025 profitability indicates stronger earnings capture from the company’s retail revenue base, while stable gross margins of roughly 28–32% provide support for resilience. If maintained, higher operating profitability can strengthen reinvestment capacity and shareholder returns.
Read all positive factors
Emperor Watch & Jewellery (0887) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.29B
Dividend Yield6.48%
Average Volume (3M)5.81M
Price to Earnings (P/E)4.0
Beta (1Y)0.52
Revenue Growth8.83%
EPS Growth109.28%
CountryHK
Employees784
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.08
Shares Outstanding7,256,708,000
10 Day Avg. Volume7,844,000
30 Day Avg. Volume5,811,000
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.29
Price to Sales (P/S)0.29
P/FCF Ratio1.71
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)0.08
Revenue Forecast (FY)HK$6.97B
Emperor Watch & Jewellery Business Overview & Revenue Model
Company Description
Emperor Watch & Jewellery Limited functions as an investment holding enterprise primarily focused on the retail of high-end timepieces and exquisite jewelry. The company specializes in offering European-manufactured watches and its own exclusive l...
How the Company Makes Money
Emperor Watch & Jewellery makes money primarily by selling luxury watches and jewellery to end customers. Its core revenue stream is retail sales generated from its store network, where it earns gross profit based on the margin between product sou...
Emperor Watch & Jewellery Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.91B | 5.77B | 5.23B | 4.82B | 3.68B | 3.93B |
| Gross Profit | 1.91B | 1.78B | 1.48B | 1.45B | 1.18B | 1.23B |
| EBITDA | 1.11B | 1.01B | 760.00M | 773.98M | 637.98M | 667.60M |
| Net Income | 572.39M | 458.44M | 256.74M | 299.22M | 222.13M | 204.69M |
Balance Sheet | ||||||
| Total Assets | 7.19B | 6.92B | 5.94B | 5.71B | 5.38B | 5.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 1.81B | 949.82M | 619.65M | 664.39M | 556.34M |
| Total Debt | 547.55M | 613.47M | 412.33M | 304.63M | 300.10M | 416.91M |
| Total Liabilities | 1.02B | 1.03B | 728.26M | 661.68M | 536.77M | 629.47M |
| Stockholders Equity | 5.88B | 5.62B | 5.21B | 5.05B | 4.85B | 4.72B |
Cash Flow | ||||||
| Free Cash Flow | 577.16M | 967.17M | 692.87M | 301.69M | 568.34M | 939.27M |
| Operating Cash Flow | 706.10M | 1.10B | 769.08M | 403.59M | 605.58M | 973.56M |
| Investing Cash Flow | 424.30M | -278.25M | 62.01M | -66.48M | -220.44M | -17.44M |
| Financing Cash Flow | -566.02M | -258.88M | -375.06M | -344.38M | -466.27M | -808.60M |
Emperor Watch & Jewellery Technical Analysis
Positive
0.30
Price Trends
0.28
Positive
0.27
Positive
0.27
Positive
Market Momentum
<0.01
Negative
65.07
Neutral
69.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0887, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.28, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 69.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0887.
Emperor Watch & Jewellery Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$2.29B | 3.98 | 9.96% | 6.58% | 8.83% | 109.28% | |
77 Outperform | HK$1.55B | 8.62 | 9.99% | 6.17% | -0.78% | -10.18% | |
69 Neutral | HK$12.65B | 6.19 | 14.28% | 7.00% | 28.96% | 86.00% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$105.77B | 11.65 | 33.61% | 5.99% | 5.29% | 53.87% | |
59 Neutral | HK$1.41B | -14.13 | -2.87% | 72.88% | -21.99% | -138.89% | |
47 Neutral | HK$602.34M | -4.23 | -3.03% | 3.75% | -4.85% | 60.69% |
* Consumer Cyclical Sector Average
HK:0887
Emperor Watch & Jewellery
0.32
0.05
21.15%
HK:0256
Citychamp Watch & Jewellery Group
0.12
-0.08
-40.21%
HK:1929
Chow Tai Fook Jewellery Group
10.72
-3.64
-25.32%
HK:3389
Hengdeli Holdings
0.32
0.20
171.19%
HK:0590
Luk Fook Holdings (International)
21.54
-1.91
-8.15%
HK:0398
Oriental Watch Holdings
3.19
0.13
4.25%
Emperor Watch & Jewellery Corporate Events
Emperor Watch & Jewellery Clarifies Interim Dividend Record Date and Register Closure
Aug 21, 2026
Emperor Watch Jewellery Limited has issued a clarification regarding details in its interim results announcement for the six months ended 30 June 2026, specifically concerning the closure of its register of members and the record date for its int...
Emperor Watch & Jewellery Clarifies Timetable for Interim Dividend Payout
Aug 21, 2026
Emperor Watch Jewellery Limited has declared an interim ordinary cash dividend of HKD 0.009 per share for the six months ended 30 June 2026, payable in Hong Kong dollars. The announcement, dated 21 August 2026, reflects the board’s decision...
Emperor Watch & Jewellery Delivers Strong Interim Profit and Steps Up Mainland Jewellery Push
Aug 20, 2026
Emperor Watch Jewellery reported a solid interim performance for the six months ended 30 June 2026, with total revenue rising 5.0% year-on-year to HK$2,934 million and stronger contributions from Hong Kong and the Chinese Mainland. Revenue from w...
Emperor Watch & Jewellery Declares Interim Dividend for First Half of 2026
Aug 20, 2026
Emperor Watch Jewellery Limited has declared an interim ordinary cash dividend of HKD 0.009 per share for the six months ended 30 June 2026, payable in Hong Kong dollars. The ex-dividend date is set for 31 August 2026, with the record date on 3 S...
Emperor Watch & Jewellery Sets Board Meeting to Review Interim Results and Dividend
Aug 10, 2026
Emperor Watch Jewellery Limited has scheduled a board meeting for 20 August 2026 to review and approve the company’s interim results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend, a d...
Emperor Watch & Jewellery Expects 60% Profit Surge in First Half of 2026
Jul 21, 2026
Emperor Watch Jewellery has issued a positive profit alert, disclosing that it expects to report net profit of at least HK$310 million for the six months ended 30 June 2026, compared with HK$194 million a year earlier. The roughly 60% earnings in...
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.