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Carote Ltd (2549) AI Stock Analysis
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Carote Ltd
(HKEX:2549)
The score is led by strong financial quality—especially a very low-risk balance sheet (zero debt) and solid profitability—plus attractive valuation (low P/E and healthy dividend yield). Offsetting these positives are inconsistent cash-flow conversion and a technical picture that is only neutral, with the price still below longer-term moving averages.
Carote Ltd (2549) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 2.03B
- Dividend Yield
- 3.86%
- Average Volume (3M)
- 131.37K
- Price to Earnings (P/E)
- 6.0
- Beta (1Y)
- 0.81
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 257
- Sector
- General
- Sector Strength
- 55
- Industry
- Furnishings, Fixtures & Appliances
Carote Ltd Business Overview & Revenue Model
Company Description
Carote Ltd, an investment holding entity, is a supplier of a wide array of kitchenware products for brand-owners and retailers, marketed primarily under its CAROTE brand. Its comprehensive product line features cookware, including non-stick pots and...
Carote Ltd Financial Statement Overview
Summary
Strong profitability and multi-year revenue expansion with healthy TTM margins (~12% net). Balance sheet is a major positive with zero total debt in TTM and growing equity. Main drawback is cash-flow inconsistency (2025 operating/FCF swung negative despite improved TTM), plus margin compression versus the 2024 peak.
Income Statement
83Very PositiveBalance Sheet
88Very PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.43B | 2.16B | 2.07B | 1.58B | 768.48M | 675.35M |
| Gross Profit | 817.01M | 685.42M | 835.40M | 565.14M | 275.29M | 126.52M |
| EBITDA | 378.16M | 284.71M | 423.77M | 283.15M | 132.94M | 43.48M |
| Net Income | 290.20M | 257.81M | 355.99M | 237.13M | 108.77M | 31.72M |
Balance Sheet | ||||||
| Total Assets | 1.98B | 1.90B | 1.72B | 636.06M | 553.09M | 440.04M |
| Cash, Cash Equivalents and Short-Term Investments | 1.21B | 1.04B | 1.16B | 236.06M | 92.54M | 137.74M |
| Total Debt | 0 | 234.40M | 4.13M | 9.77M | 58.72M | 52.71M |
| Total Liabilities | 526.73M | 491.10M | 466.07M | 413.44M | 415.84M | 369.61M |
| Stockholders Equity | 1.45B | 1.41B | 1.26B | 222.66M | 137.62M | 70.52M |
Cash Flow | ||||||
| Free Cash Flow | 93.17M | -25.74M | 281.23M | 238.09M | 11.25M | 51.21M |
| Operating Cash Flow | 97.92M | -19.58M | 350.23M | 243.95M | 128.65M | 121.97M |
| Investing Cash Flow | 29.39M | 24.31M | -874.10M | 48.10M | -183.97M | -95.44M |
| Financing Cash Flow | -89.96M | -91.04M | 648.05M | -98.23M | 606.00K | 34.93M |
Carote Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2549, the sentiment is Negative. The current price of 3.68 is below the 20-day moving average (MA) of 3.82, below the 50-day MA of 3.91, and below the 200-day MA of 4.26, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2549.
Carote Ltd Peers Comparison
Overall Rating
- HK:254974Outperform
HK:030071Outperform
HK:669066Neutral
HK:137363Neutral
HK:169147Neutral
HK:222246Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2549 | 74Outperform | HKD 2.04B | 6.00 | 20.29% | 3.86% | ― | ― |
| HK:0300 | 71Outperform | HKD 785.08B | 13.01 | 21.28% | 5.08% | 7.41% | 13.37% |
| HK:6690 | 66Neutral | HKD 208.69B | 11.15 | 14.12% | 6.62% | -3.85% | -13.53% |
| HK:1373 | 63Neutral | HKD 449.19M | 10.06 | 5.15% | 8.35% | -8.88% | -4.52% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| HK:1691 | 47Neutral | HKD 5.99B | 17.29 | 8.56% | ― | 0.39% | ― |
| HK:2222 | 46Neutral | HKD 294.22M | -16.07 | -0.49% | ― | 4.73% | 76.27% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2549 | Carote Ltd | 3.68 | -0.73 | -16.52% | |
| HK:1373 | International Housewares Retail Co | 0.64 | -0.09 | -12.05% | |
| HK:1691 | JS Global Lifestyle Company Limited | 1.75 | -0.01 | -0.57% | |
| HK:2222 | NVC International Holdings Ltd. | 0.58 | -0.14 | -19.44% | |
| HK:6690 | Haier Smart Home Co., Ltd. Class H | 19.95 | -3.97 | -16.61% | |
| HK:0300 | Midea Group Co. Ltd. Class H | 96.65 | 18.29 | 23.34% |
Carote Ltd Corporate Events
Carote Ltd Delivers Double-Digit Profit Growth Amid Tariff and Cost Pressures
Carote Ltd reported strong interim results for the six months to 30 June 2026, with total revenue rising 32.8% year on year to RMB1,111.3 million and net profit increasing 31.5% to RMB135.2 million. Growth was driven mainly by its branded business, w...
Carote Board Sets August Meeting to Review Interim Results and Dividend
Carote Ltd has scheduled a board meeting for August 27, 2026 to review and approve the interim results for the six months ended June 30, 2026. The meeting will also consider the declaration of an interim dividend, signalling potential capital distrib...
Carote signals 30–35% jump in first-half revenue and profit
Carote Ltd has issued a positive profit alert, indicating that for the six months ended June 30, 2026, the group expects revenue and net profit to rise by approximately 30% to 35% compared with the same period in 2025. Management attributes the impro...
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.
Date of analysis: Sep 06, 2026