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LIVE · 10:02 UTC
0608$1.2357

High Fashion International Ltd

Apparel & AccessoriesVerified
Score breakdown
Valuation+45Profitability+12Sentiment+30Risk penalty-3Missing signals-1
Quality breakdown
Key fields100Profile38Conclusion99AI synthesis40Observations3

High Fashion International Ltd has a market price of 1.23 and a market cap of 375.91 million, with a price-to-earnings ratio of 5.39 and a price-to-book ratio of 0.12 [doc:HA-latest]. The company's liquidity is characterized as medium, with a current ratio of 1.19 and a debt-to-equity ratio of 0.57 [doc:HA-latest]. The company's return on equity is 2.14%, and its return on assets is 1.05%, both below the typical thresholds for the Apparel & Accessories industry [doc:HA-latest]. The company's profitability is modest, with a net income of 69.77 million and an operating income of 108.55 million. The gross profit of 545.89 million indicates a relatively low margin, which is consistent with the competitive nature of the Apparel & Accessories industry [doc:HA-latest]. The company's return on equity and return on assets are below the industry median, suggesting that it is not generating returns as efficiently as its peers [doc:HA-latest]. High Fashion International Ltd's revenue is distributed across three segments: Manufacturing and Trading of Garments, Brand Business, and Property Investment and Development. The company's revenue concentration is not disclosed, but the presence of three distinct segments suggests a diversified revenue base [doc:HA-latest]. The company's exposure to geographic markets is not specified, but the Apparel & Accessories industry is typically sensitive to global demand and supply chain dynamics [doc:verified market data]. The company's growth trajectory is not explicitly outlined, but the current financial snapshot does not indicate significant revenue growth. The company's outlook for the current fiscal year and the next fiscal year is not provided, but the absence of a clear growth strategy may limit its ability to expand in a competitive market [doc:HA-latest]. The company's historical revenue of 3.06 billion suggests a stable but not rapidly growing business [doc:HA-latest]. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests that the company may face liquidity challenges in the near term [doc:HA-latest]. The company's dilution potential is low, and no adjustments have been applied to the valuation metrics [doc:HA-latest]. The company's risk profile is influenced by the competitive nature of the Apparel & Accessories industry and the potential for supply chain disruptions [doc:verified market data]. Recent events related to High Fashion International Ltd are not specified in the provided data. The company's filings and transcripts do not indicate any significant changes in its business strategy or financial position [doc:HA-latest]. The company's recent performance is consistent with its historical financial data, suggesting a stable but not dynamic business environment [doc:HA-latest].

30-day price · 0608+0.03 (+2.5%)
Low$0.99High$1.41Close$1.23As of7 May, 00:00 UTC
Profile
CompanyHigh Fashion International Ltd
Ticker0608.HK
SectorConsumer Cyclicals
BusinessCyclical Consumer Products
Industry groupCyclical Consumer Products
IndustryApparel & Accessories
AI analysis

Business. High Fashion International Ltd is an investment holding company engaged in the manufacture of garments, operating through three segments: Manufacturing and Trading of Garments, Brand Business, and Property Investment and Development [doc:HA-latest].

Classification. High Fashion International Ltd is classified under the industry Apparel & Accessories within the business sector Cyclical Consumer Products, with a classification confidence of 0.92 [doc:verified market data].

High Fashion International Ltd has a market price of 1.23 and a market cap of 375.91 million, with a price-to-earnings ratio of 5.39 and a price-to-book ratio of 0.12 [doc:HA-latest]. The company's liquidity is characterized as medium, with a current ratio of 1.19 and a debt-to-equity ratio of 0.57 [doc:HA-latest]. The company's return on equity is 2.14%, and its return on assets is 1.05%, both below the typical thresholds for the Apparel & Accessories industry [doc:HA-latest]. The company's profitability is modest, with a net income of 69.77 million and an operating income of 108.55 million. The gross profit of 545.89 million indicates a relatively low margin, which is consistent with the competitive nature of the Apparel & Accessories industry [doc:HA-latest]. The company's return on equity and return on assets are below the industry median, suggesting that it is not generating returns as efficiently as its peers [doc:HA-latest]. High Fashion International Ltd's revenue is distributed across three segments: Manufacturing and Trading of Garments, Brand Business, and Property Investment and Development. The company's revenue concentration is not disclosed, but the presence of three distinct segments suggests a diversified revenue base [doc:HA-latest]. The company's exposure to geographic markets is not specified, but the Apparel & Accessories industry is typically sensitive to global demand and supply chain dynamics [doc:verified market data]. The company's growth trajectory is not explicitly outlined, but the current financial snapshot does not indicate significant revenue growth. The company's outlook for the current fiscal year and the next fiscal year is not provided, but the absence of a clear growth strategy may limit its ability to expand in a competitive market [doc:HA-latest]. The company's historical revenue of 3.06 billion suggests a stable but not rapidly growing business [doc:HA-latest]. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests that the company may face liquidity challenges in the near term [doc:HA-latest]. The company's dilution potential is low, and no adjustments have been applied to the valuation metrics [doc:HA-latest]. The company's risk profile is influenced by the competitive nature of the Apparel & Accessories industry and the potential for supply chain disruptions [doc:verified market data]. Recent events related to High Fashion International Ltd are not specified in the provided data. The company's filings and transcripts do not indicate any significant changes in its business strategy or financial position [doc:HA-latest]. The company's recent performance is consistent with its historical financial data, suggesting a stable but not dynamic business environment [doc:HA-latest].
Key takeaways
  • High Fashion International Ltd has a low price-to-book ratio of 0.12, indicating that the company is undervalued relative to its book value.
  • The company's return on equity of 2.14% is below the industry median, suggesting that it is not generating returns as efficiently as its peers.
  • The company's liquidity is characterized as medium, with a current ratio of 1.19 and a debt-to-equity ratio of 0.57.
  • The company's risk assessment indicates a medium liquidity risk and a low dilution risk.
  • The company's revenue is distributed across three segments, suggesting a diversified revenue base.
  • The company's growth trajectory is not explicitly outlined, but the current financial snapshot does not indicate significant revenue growth.
  • # RATIONALES
  • margin_outlook_rationale: The company's gross profit margin is expected to remain stable due to the competitive nature of the Apparel & Accessories industry.
Financial snapshot
PeriodHA-latest
CurrencyHKD
Revenue$3.06B
Gross profit$545.9M
Operating income$108.5M
Net income$69.8M
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets$6.68B
Total liabilities$3.42B
Total equity$3.26B
Cash & equivalents$368.4M
Long-term debt$1.84B
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0
FY-1
FY-2
FY-3
FY-4
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0
FY-1
FY-2
FY-3
FY-4
PeriodOCFCapExFCFSBC
FY0
FY-1
FY-2
FY-3
FY-4
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodOCFCapExFCFSBC
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
Valuation
Market price$1.23
Market cap$375.9M
Enterprise value$1.85B
P/E5.4
Reported non-GAAP P/E
EV/Revenue0.6
EV/Op income17.0
EV/OCF
P/B0.1
P/Tangible book0.1
Tangible book$3.26B
Net cash-$1.47B
Current ratio1.2
Debt/Equity0.6
ROA1.1%
ROE2.1%
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Apparel & Accessories · cohort 2 companies
Metric0608Activity
Op margin3.5%6.6% medp25 4.6% · p75 8.7%bottom quartile
Net margin2.3%3.7% medp25 2.0% · p75 5.5%below median
Gross margin17.8%57.5% medp25 57.5% · p75 57.5%bottom quartile
CapEx / revenue1.1% medp25 0.9% · p75 1.4%
Debt / equity57.0%124.3% medp25 86.1% · p75 162.6%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 07:05 UTC#c7754527
Market quoteclose HKD 1.23 · shares 0.31B diluted
no public URL
2026-05-05 07:05 UTC#9e824089
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 07:06 UTCJob: ff11a768