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Carpenter Tan Holdings Limited

Carpenter Tan Holdings Limited

HHKEX:837
5.20
HKD
+0.06
(+1.07%)
1.97BMarket Cap
Carpenter Tan Holdings Limited
HKEX:837
(Hong Kong Exchange)

Recent

price

5.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.76
0.98
1.09
1.12
1.19
1.1
1.06
1.21
1.26
1.35
1.11
1.33
1.4
2.01
2.03
2.24
- -
Revenue per Share
0.26
0.37
0.5
0.5
0.52
0.48
0.46
0.48
0.46
0.49
0.32
0.43
0.43
0.7
0.69
0.69
- -
Basic EPS, GAAP
0.25
0.42
0.51
0.37
0.44
0.35
0.42
0.49
0.3
0.42
0.31
0.18
0.2
0.68
0.46
0.64
- -
Free Cash Flow per Basic Share
0.09
0.13
0.19
0.25
0.25
0.26
0.24
0.23
0.51
0.45
0.85
0.16
0.33
0.23
0.36
0.36
- -
Dividend per Share
1.21
1.44
1.76
2.02
2.31
2.49
2.69
2.96
2.88
2.37
2.44
2.69
2.77
3.23
3.55
3.9
3.9
Book Value per Share
1.21
1.44
1.76
2.02
2.31
2.49
2.69
2.96
2.88
2.37
2.44
2.69
2.77
3.23
3.55
3.9
3.9
Tangible Book Value per Share
250
250
250
250
250
250
250
249
249
249
249
249
249
249
249
249
249
Basic Weighted Avg Shares
189
244
272
281
298
276
264
302
312
337
277
331
348
500
505
558
- -
Sales/Revenue/Turnover
49.93
51.86
47.75
46.71
46.54
43.12
44.58
44.64
38.44
37.03
27.82
34.88
34.57
39.8
39.73
36.96
- -
Operating Margin (%)
4
3
3
3
3
3
2
4
4
11
10
10
8
10
10
11
- -
Depreciation Expense
66
94
126
126
129
120
114
120
115
122
79
108
107
174
171
171
- -
Net Income, GAAP
22.75
28.77
11.34
19.91
21.76
19.18
20.71
23.53
20.57
20.6
19.62
17.16
19.57
17.13
19.47
21
- -
Effective Tax Rate (%)
34.91
38.35
46.39
44.8
43.17
43.43
43.22
39.86
36.67
36.4
28.51
32.54
30.82
34.77
33.9
30.64
- -
Profit Margin (%)
219
281
363
391
325
486
523
454
508
425
449
489
445
548
440
408
408
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
8
5
11
9
11
10
18
18
LT Debt
301
361
440
504
579
623
672
736
717
597
619
672
692
808
884
970
970
Total Equity
23.59
26.3
27.95
20.52
16.56
13.94
13.83
14.05
15.13
17.66
12.46
15.84
14.91
21.91
19.2
17.42
- -
Return on Invested Capital (%)
22.22
28.28
31.49
24.98
20.24
18.33
17.61
17.08
15.76
18.53
12.53
16.34
15.51
22.85
20
18.18
- -
Return on Capital (%)
23.6
28.25
31.49
26.65
23.77
19.95
17.61
17.08
15.76
18.76
13.23
16.89
15.82
23.29
20.3
18.45
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2
2
3
LT Borrowings
- -
- -
- -
LT Finance Leases
10
9
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
249
249
249
Market Capitalization
1,358
1,328
1,770

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
538
466
523
Cash, Cash Equivalents & STI
228
147
170
Accounts Receivable, Net
7
11
8
Inventories
292
297
309
Total Current Liabilities
98
86
115
Payables & Accruals
- -
- -
- -
ST Debt
2
2
3
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.92%
9.49%
9.76%
Free Cash Flow
23.02%
43.86%
40.04%
Net Income, GAAP
6.35%
19.25%
-0.2%
Sales/Revenue/Turnover
8.33%
15.94%
10.44%
Total Cash Common Dividend
23.77%
9.97%
-0.47%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
500
2024
- -
- -
505
2025
- -
- -
558

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.7
2024
- -
- -
0.69
2025
- -
- -
0.69

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.23
2024
- -
- -
0.36
2025
- -
- -
0.36
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Business
Carpenter Tan Holdings Limited is an investment holding company engaged in the design, manufacture, and distribution of small-size wooden handicrafts and accessories under the Carpenter Tan brand. The company offers wooden or horn combs, including colored drawing combs, grass-and-tree dyed wooden combs, and carved combs; pocket-size wooden mirrors, such as colored drawing mirrors and carved mirrors; other wooden accessories and adornments comprising bead bracelets, pendants, barrettes, hair bobs, and massage tools; and box sets combining its products in themed gift packages. It operates retail shops for direct sales in Hong Kong and the People's Republic of China (PRC), a franchise and distribution network primarily in the PRC, and online distribution channels, alongside property investment activities. Founded in 1997 and headquartered in Kowloon, Hong Kong, the company primarily serves consumer markets in the PRC and Hong Kong through over 1,000 stores, with a workforce of approximately 1,000 employees. In recent developments, Carpenter Tan Holdings reported strong interim results for the six months ended June 30, 2025, with revenue up 9.4% and profit before taxation increasing 11.9% year-over-year, alongside a net addition of 84 stores to reach 1,254 outlets; it launched a brand upgrade strategy by securing its first flagship store at Sanlitun 3.3 Building in Beijing in October 2025, set to open in early 2026; and appointed Dr. Wong Kong Tin as independent non-executive director effective November 2025 following a board change.