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Hengan International Group Co
(1044)
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Rating:65Neutral
Price Target:
HK$22.00
â–¼(-0.99% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by steady but unexciting financial performance (flat-to-down revenue and compressed margins, offset by meaningful free cash flow and manageable leverage) and strong valuation support (low P/E and high dividend yield). Technicals are mixed, with the stock still below longer-term moving averages and neutral momentum readings.
Positive Factors
Meaningful cash generation
Meaningful operating and free cash flow gives Hengan internal funding capacity for dividends, investment, and ongoing operations. Although cash generation is not perfectly consistent, the positive 2025 improvement supports financial resilience and reduces reliance on external financing over the next several quarters.
Negative Factors
Limited revenue momentum
Broadly stagnant revenue indicates that Hengan is not currently expanding its top line at a strong pace. Prolonged sales weakness can limit operating leverage, constrain reinvestment, and make future earnings growth more dependent on cost control rather than market expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful cash generation
Meaningful operating and free cash flow gives Hengan internal funding capacity for dividends, investment, and ongoing operations. Although cash generation is not perfectly consistent, the positive 2025 improvement supports financial resilience and reduces reliance on external financing over the next several quarters.
Read all positive factors
Hengan International Group Co (1044) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$24.47B
Dividend Yield7.6%
Average Volume (3M)4.60M
Price to Earnings (P/E)8.5
Beta (1Y)0.52
Revenue Growth2.19%
EPS Growth10.78%
CountryHK
Employees22,221
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)2.11
Shares Outstanding1,162,121,000
10 Day Avg. Volume5,403,852
30 Day Avg. Volume4,599,238
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)1.31
Price to Sales (P/S)1.24
P/FCF Ratio13.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.74Price Target Upside24.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.04
Revenue Forecast (FY)HK$22.33B
Hengan International Group Co Business Overview & Revenue Model
Company Description
Hengan International Group Company Limited functions as an investment holding company, with its primary focus on the manufacturing, distribution, and sale of personal care and hygiene products. Its market reach extends across the People's Republic...
Hengan International Group Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.20B | 23.07B | 22.67B | 23.77B | 22.62B | 20.79B |
| Gross Profit | 7.85B | 7.81B | 7.32B | 8.01B | 7.69B | 7.77B |
| EBITDA | 3.46B | 3.99B | 4.43B | 5.14B | 4.20B | 4.58B |
| Net Income | 2.40B | 2.54B | 2.30B | 2.80B | 1.93B | 3.27B |
Balance Sheet | ||||||
| Total Assets | 48.07B | 43.20B | 39.80B | 40.22B | 42.34B | 42.29B |
| Cash, Cash Equivalents and Short-Term Investments | 22.18B | 15.62B | 14.32B | 18.22B | 18.70B | 18.26B |
| Total Debt | 21.42B | 15.77B | 13.11B | 14.27B | 17.07B | 18.26B |
| Total Liabilities | 25.93B | 21.22B | 18.66B | 19.59B | 22.56B | 23.01B |
| Stockholders Equity | 21.92B | 21.76B | 20.92B | 20.40B | 19.52B | 19.04B |
Cash Flow | ||||||
| Free Cash Flow | 1.49B | 2.19B | 1.52B | 2.35B | 2.57B | 3.82B |
| Operating Cash Flow | 2.52B | 3.24B | 3.07B | 3.88B | 3.81B | 4.60B |
| Investing Cash Flow | -5.89B | -5.68B | -110.26M | 3.58B | -6.07B | 2.68B |
| Financing Cash Flow | 3.13B | 769.03M | -3.59B | -5.55B | -4.14B | -6.49B |
Hengan International Group Co Technical Analysis
Neutral
22.22
Price Trends
20.36
Positive
21.55
Negative
23.56
Negative
Market Momentum
0.01
Negative
66.97
Neutral
93.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1044, the sentiment is Neutral. The current price of 22.22 is above the 20-day moving average (MA) of 19.76, above the 50-day MA of 20.36, and below the 200-day MA of 23.56, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 66.97 is Neutral, neither overbought nor oversold. The STOCH value of 93.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1044.
Hengan International Group Co Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$9.03B | 11.18 | 25.77% | 6.20% | 23.19% | -22.44% | |
65 Neutral | HK$24.47B | 8.48 | 10.98% | 7.60% | 2.19% | 10.78% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | HK$101.20M | 11.31 | 5.15% | 1.75% | 6.15% | 200.00% | |
46 Neutral | HK$880.92M | -15.33 | -12.81% | 0.53% | 13.43% | 7.72% | |
46 Neutral | HK$13.52B | -148.17 | -1.21% | 7.41% | -2.44% | 81.73% |
* Consumer Defensive Sector Average
HK:1044
Hengan International Group Co
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Hengan International Group Co Corporate Events
Hengan International Names New Chairman and Vice Chairman After Leadership Transition
Oct 28, 2026
Hengan International Group Company Limited has confirmed a leadership reshuffle following the recent passing of its former chairman, with acting chairman and chief executive officer Hui Ching Lau formally appointed chairman of the board effective ...
Hengan International Clarifies Board Composition and Governance Structure
Oct 28, 2026
Hengan International Group has detailed the composition of its board of directors, confirming a mix of executive, non-executive and independent non-executive members, led by Group CEO and Chairman Hui Ching Lau and Vice Chairman Sze Wong Kim. This...
Hengan International Founder-Chairman Passes Away as Board Signals Operational Stability
Sep 30, 2026
Hengan International Group Co., Ltd. has announced the death of its founder, chairman and executive director, Mr. Sze Man Bok, on 29 September 2026, marking the loss of a pivotal figure with over 40 years of experience in China’s consumer go...
Hengan International Sets Out Board Structure and Committee Roles
Sep 30, 2026
Hengan International Group Company Limited has announced the current composition of its board of directors, confirming Hui Ching Lau as Executive Director, Chief Executive Officer and Acting Chairman alongside a mix of executive, non-executive and...
Hengan International Reappoints Veteran CFO Li Wai Leung to Bolster Governance
Sep 9, 2026
Hengan International Group has reshuffled key leadership roles, appointing veteran finance executive Li Wai Leung as executive director, chief financial officer and authorized representative with effect from 9 September 2026. Li, who previously he...
Hengan International Sets Out Board and Committee Structure to Bolster Governance
Sep 9, 2026
Hengan International Group Company Limited has confirmed the composition of its board of directors, led by Executive Director and Chairman Sze Man Bok, with CEO Hui Ching Lau acting as chairman. The board includes a blend of executive, non-executi...
Hengan International Raises RMB1 Billion in First Tranche of Medium-Term Notes
Aug 24, 2026
Hengan International Group has issued the first tranche of its approved medium-term notes under a debt financing program registered with the National Association of Financial Market Institutional Investors in China. The company raised RMB1.0 billi...
Hengan International Declares Interim Dividend for First Half of 2026
Aug 19, 2026
Hengan International Group Company Limited is a Hong Kong-listed consumer goods manufacturer specializing in sanitary and household products, targeting the mainland China market and broader regional demand. The group’s governance structure i...
Hengan International Delivers Higher Margins Amid Revenue Decline in Interim 2026 Results
Aug 19, 2026
Hengan International Group Co, incorporated in the Cayman Islands and listed in Hong Kong, operates in the consumer goods and hygiene products sector, focusing on household and personal care items that support everyday living standards. The compan...
Hengan International Schedules Board Meeting to Review Interim Results and Dividend
Jul 29, 2026
Hengan International Group Company Limited has scheduled a board meeting for 19 August 2026 to review its interim financial results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend, underscorin...
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.