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Ernest Borel Holdings Ltd

Ernest Borel Holdings Ltd

HHKEX:1856
1.50
HKD
+0.01
(+0.34%)
677.28MMarket Cap
Ernest Borel Holdings Ltd
HKEX:1856
(Hong Kong Exchange)

Recent

price

1.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
2.15
1.93
1.19
0.72
0.65
0.49
0.41
0.35
0.43
0.4
0.46
0.28
0.22
- -
Revenue per Share
0.33
0.19
-0.03
-0.42
-0.57
-0.28
-0.23
- -
-0.09
-0.03
0.05
-0.13
-0.15
- -
Basic EPS, GAAP
- -
-0.12
-0.22
-0.03
-0.1
-0.02
0.01
-0.08
-0.01
-0.01
-0.04
-0.09
-0.13
- -
Free Cash Flow per Basic Share
0.21
0.05
0.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.31
1.96
1.85
1.42
0.91
0.65
0.4
0.44
0.32
0.31
0.47
0.28
0.16
0.16
Book Value per Share
1.31
1.96
1.85
1.42
0.91
0.65
0.4
0.44
0.32
0.31
0.22
0.18
0.1
0.1
Tangible Book Value per Share
281
313
347
347
347
347
347
347
347
347
356
360
360
360
Basic Weighted Avg Shares
604
603
414
249
227
172
142
123
149
137
165
99
79
- -
Sales/Revenue/Turnover
18.39
15.33
2.49
-48.86
-59.32
-32.3
-31.55
0.27
-14.11
0.43
-15.13
-81.85
-91.01
- -
Operating Margin (%)
38
40
40
44
34
14
10
7
14
12
24
27
24
- -
Depreciation Expense
93
59
-12
-145
-197
-98
-79
1
-32
-12
19
-48
-52
- -
Net Income, GAAP
16
25.6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
15.4
9.76
-2.88
-58.26
-86.83
-56.85
-55.86
1.08
-21.32
-8.79
11.44
-48.29
-66.15
- -
Profit Margin (%)
368
596
557
493
348
192
141
142
103
105
108
56
11
11
Working Capital
- -
- -
- -
80
90
- -
3
13
12
6
18
14
6
6
LT Debt
455
682
641
493
318
225
140
152
113
108
168
102
59
59
Total Equity
- -
9.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
8.7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
10.34
-1.8
-25.56
-48.67
-36.03
-43.31
0.91
-24.05
-10.94
13.69
-35.55
-65.36
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
24
- -
31
LT Borrowings
2
- -
1
LT Finance Leases
12
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
360
360
360
Market Capitalization
648
342
677

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
466
- -
444
Cash, Cash Equivalents & STI
35
- -
44
Accounts Receivable, Net
135
- -
102
Inventories
288
- -
286
Total Current Liabilities
410
- -
433
Payables & Accruals
- -
- -
- -
ST Debt
24
- -
31
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-17.35%
-11.23%
-42.39%
Free Cash Flow
-69.35%
65.77%
45.58%
Net Income, GAAP
-217.94%
-632.22%
9.49%
Sales/Revenue/Turnover
-13%
-5.2%
-20.08%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
165
2024
- -
- -
99
2025
- -
- -
79

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.05
2024
- -
- -
-0.13
2025
- -
- -
-0.15

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Ernest Borel Holdings Limited, an investment holding company incorporated in the Cayman Islands, engages in the designing, manufacturing, marketing and selling of Swiss-made mechanical and quartz premium watches for men and women under the Ernest Borel brand; assembling and distribution of watches; development and manufacturing of stainless-steel alloy watch cases and smartwatch cases on original design manufacturing and original equipment manufacturing bases; distribution of timepieces; and provision of after-sales services. The company operates through two main segments, namely the watches business and the smart watch manufacturing business, targeting premium watch consumers with collections including the X Collection featuring collaborative limited editions, Heartful Collection with romantic motifs, Heritage Collection of commemorative timepieces, Jules Borel Collection honoring the founder, and Sage Collection for adventurers with up to 200 meters waterproof ratings. It conducts geographic operations principally in the People's Republic of China, Hong Kong, Macau, Vietnam, Korea, Southeast Asia, Europe and internationally, with manufacturing rooted in Switzerland. Founded in 1856 by Jules Borel in Neuchatel, Switzerland, the company maintains its head office at 8 rue des Perrières, 2340 Le Noirmont, Switzerland, principal place of business in Mong Kok, Kowloon, Hong Kong, and an office in Guangzhou, China; Ernest Borel Holdings Limited functions as a subsidiary of VGB Limited, chaired by Teguh Halim. In a major recent development, the company completed the acquisition of Gold Vantage Industrial Limited and its subsidiaries, now an indirect wholly-owned subsidiary, on 19 April 2023 for HK$140 million subject to profit guarantees, with the 2024 profit compensation of HK$70.6 million from the vendor settled in March 2025 through deduction of consideration shares, cash installments, advances and intercompany balances following Gold Vantage Group's net loss of HK$17.07 million against a HK$30 million guarantee.