Company Profile · Consumer Cyclical

Chow Tai Fook Jewellery Group Ltd

1929 · HK
Industry
黄金珠宝零售
Exchange
HK
Country
Hong Kong
Employees
24,700
Website
www.ctfjewellerygroup.com
Current Price
HK$12.41
Live · Jun 22, 2026
Fair Buy
≤ HK$9.8
Margin-of-safety entry
Baillie Growth Score
41/100
Weak
Intrinsic Value · Three-Tier Range Current price HK$12.41 Live · Within the optimistic intrinsic-value range · much expectation priced in

Composite valuation range · conservative HK$8.82–HK$9.8 / fair HK$9.8–HK$12.2 / optimistic HK$12.2–HK$14.8. At HK$12.41, Within the optimistic intrinsic-value range · much expectation priced in.

At publication HK$11.83 (Jun 25, 2026)

Financial snapshot
Market capHK$120.55B
Revenue (TTM)HK$94.4B
EBITDAHK$19.06B
Profit margin9.54%
ROE30.6%
P/E (TTM)13.58
Forward P/E16.56
PEG0
EPSHK$0.13
Dividend yield5.41%
52-week rangeHK$10.34 – HK$16.67

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, and internationally. The company provides gem-set, platinum and k-gold jewelry, and gold jewelry products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brand names. It also distributes watches of various brands. In addition, the company is involved in the trading of diamonds; and the provision of services to franchisees. It sells its products through online platforms, as well as stores. The company was founded in 1929 and is headquartered in Central, Hong Kong. Chow Tai Fook Jewellery Group Limited is a subsidiary of Chow Tai Fook Capital Limited.

Background

History

Coming soonThis section is being filled in — check back soon.

Industry position

Coming soonThis section is being filled in — check back soon.

Research on this stock
Chow Tai Fook Jewellery Group Limited
1929 · HK
Hold
Chow Tai Fook Jewellery Group: A Scale Leader in Transition, Priced Around Fair Value

Chow Tai Fook is the scale leader in Greater China branded jewellery, with a mostly franchised mainland network and a profit mix tilting toward higher-margin fixed-price gold products. FY2026 revenue rose 5.3% to HK$94.4 billion while operating profit jumped 27.8% to HK$18.85 billion on richer mix and store rationalisation, yet at HK$11.83 the shares sit around the base-case fair value of HK$12.2 with zero margin of safety and an unresolved debate over margin durability. Rating Hold: a cash-generative, scale-leading franchise re-rating on mix and discipline, but priced around fair value, with a defensible entry only below the conservative fair value of HK$9.8.

黄金珠宝零售 Baillie 41 Jun 25, 2026