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    Wholesale distributors
Oriental Watch Holdings Limited

Oriental Watch Holdings Limited

3.15
HKD
+0.01
(+0.32%)
1.61BMarket Cap
Nov 25Next Earn
Oriental Watch Holdings Limited
HKEX:398
(Hong Kong Exchange)

Recent

price

3.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
HKD
7.82
6.94
6.54
6.09
5.45
5.31
5.51
5.07
4.27
4.12
6.48
7.47
7.6
7.47
7.08
7.02
- -
Revenue per Share
0.44
0.29
0.28
0.04
0.01
-0.03
0.03
0.24
0.24
0.18
0.43
0.74
0.61
0.51
0.41
0.37
- -
Basic EPS, GAAP
0.35
-0.92
0.05
0.61
0.04
0.32
0.46
0.85
0.41
0.47
1.14
1.35
0.77
0.6
0.54
0.54
- -
Free Cash Flow per Basic Share
0.06
0.13
0.07
0.06
0.01
- -
- -
0.05
0.35
0.33
0.25
0.71
0.75
0.58
0.48
0.38
- -
Dividend per Share
3.31
3.67
3.9
3.88
3.87
3.78
3.76
4.06
3.88
3.65
4.09
4.18
3.89
3.68
3.6
3.71
3.71
Book Value per Share
3.31
3.67
3.9
3.88
3.87
3.78
3.76
4.06
3.88
3.65
4.09
4.18
3.89
3.68
3.6
3.71
3.71
Tangible Book Value per Share
501
567
571
571
571
571
571
571
571
570
540
487
487
487
487
487
487
Basic Weighted Avg Shares
3,918
3,936
3,733
3,477
3,109
3,032
3,142
2,892
2,437
2,353
3,504
3,640
3,705
3,639
3,450
3,423
- -
Sales/Revenue/Turnover
6.99
4.85
2.7
0.51
-1.07
-1.53
0.21
4.32
5.41
6.97
9.62
12.85
11.29
9.99
8.96
9.62
- -
Operating Margin (%)
24
35
39
46
37
32
23
21
22
165
142
165
180
173
160
148
- -
Depreciation Expense
219
164
163
21
5
-16
16
139
138
100
233
363
295
250
200
180
- -
Net Income, GAAP
19.38
24.35
12.56
31.76
55.1
- -
36.75
15.79
13.71
22.23
34.61
29.3
32.84
36.65
40.43
45.06
- -
Effective Tax Rate (%)
5.6
4.17
4.36
0.59
0.14
-0.51
0.52
4.8
5.67
4.26
6.66
9.96
7.97
6.88
5.81
5.26
- -
Profit Margin (%)
1,693
1,738
2,051
1,908
1,892
1,783
1,855
2,009
1,886
1,668
1,546
1,549
1,390
1,208
1,307
1,374
1,374
Working Capital
60
30
293
203
109
60
29
13
- -
206
266
327
230
134
112
106
106
LT Debt
1,865
2,092
2,228
2,218
2,212
2,158
2,147
2,317
2,214
2,083
1,991
2,036
1,896
1,796
1,755
1,812
1,812
Total Equity
11.55
7.14
6.73
1.18
0.25
- -
0.74
4.47
4.64
3.99
9.06
13.11
11.44
10.11
8.36
7.57
- -
Return on Invested Capital (%)
11.74
7.47
6.89
1.28
0.44
- -
0.82
6.04
5.99
4.82
10.12
15.24
12.84
11.99
10.34
9.35
- -
Return on Capital (%)
13.46
8.29
7.53
0.93
0.2
-0.71
0.76
6.22
6.1
4.67
11.45
18.01
15.04
13.58
11.3
10.11
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
84
85
104
LT Borrowings
- -
- -
- -
LT Finance Leases
112
137
106
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
487
487
487
Market Capitalization
1,725
1,638
1,608

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,654
1,792
1,712
Cash, Cash Equivalents & STI
848
990
961
Accounts Receivable, Net
194
214
203
Inventories
466
446
466
Total Current Liabilities
347
464
338
Payables & Accruals
- -
- -
- -
ST Debt
84
85
104
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.63%
-1.78%
3.24%
Free Cash Flow
15.25%
-13.59%
-0.38%
Net Income, GAAP
63.78%
-1.68%
-10.17%
Sales/Revenue/Turnover
2.33%
-0.42%
-0.78%
Total Cash Common Dividend
173.77%
20.77%
-21.22%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,639
2025
- -
- -
3,450
2026
- -
- -
3,423

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.51
2025
- -
- -
0.41
2026
- -
- -
0.37

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.58
2025
- -
- -
0.48
2026
- -
- -
0.38
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Business
Oriental Watch Holdings Limited, an investment holding company incorporated in Bermuda, principally engages in the retail trading of luxury watches and clocks across the Greater China region. The Group distributes prestigious timepieces from leading Swiss and international brands including Rolex, Tudor, Bulgari, Breitling, Longines, TAG Heuer, Girard-Perregaux, Ulysse Nardin, Roger Dubuis, Gucci and Calvin Klein; it also provides watch repair and maintenance services through dedicated centers and holds investment properties alongside securities investments. Founded in 1961 with headquarters in Central, Hong Kong, the company listed on the Hong Kong Stock Exchange in 1993 (stock code: 0398.HK) and operates over 40 retail points including boutiques such as Rolex and Tudor Boutique, Central Breitling Boutique, Elements Ulysse Nardin Boutique, and La Suisse Watch Company stores in prime locations across Hong Kong (11 outlets), Macau (2), Mainland China (25 covering major cities), and Taiwan (2), supplemented by online stores in Hong Kong and Mainland China. In recent periods, the Group entered into several new lease agreements and renewals for shops and offices with terms of 2 to 5 years to support boutique network expansion amid softening luxury demand; it incurred HK$13.3 million in property, plant and equipment additions and recognized HK$76.9 million in right-of-use asset modifications for strategic store optimizations during the six months ended 30 September 2025. Revenue declined 10.1% year-over-year to HK$1.62 billion in the first half of fiscal 2026 due to cautious consumer spending in luxury goods, particularly in Hong Kong (down 17.2%) and Mainland China (down 4.7%), prompting intensified cost controls that reduced lease-related expenses by 3.9% and inventory by 4.3% to HK$446 million. The company maintains a healthy balance sheet with net current assets of HK$1.33 billion, cash reserves of HK$979 million, zero bank debt, and declared an interim dividend of 5.3 HK cents per share plus a special dividend of 15.5 HK cents per share payable in January 2026, reflecting ongoing commitment to shareholder returns despite sector headwinds.