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    Retail trade

  3. •

    Specialty stores
Sa Sa International Holdings Limited

Sa Sa International Holdings Limited

0.17
USD
+0.05
(+38.86%)
Nov 12Next Earn
Sa Sa International Holdings Limited
OTC:SSILF
(OTC Markets)

Recent

price

0.17

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
1.76
2.28
2.72
3.09
3.16
2.73
2.58
2.66
2.67
1.85
0.98
1.1
1.13
1.41
1.24
1.41
- -
Revenue per Share
0.18
0.25
0.29
0.33
0.3
0.13
0.11
0.15
0.15
-0.17
-0.11
-0.11
0.02
0.07
0.02
0.06
- -
Basic EPS, GAAP
0.11
0.14
0.23
0.27
0.32
0.16
0.09
0.2
0.07
0.17
0.16
0.02
0.14
0.17
0.14
0.19
- -
Free Cash Flow per Basic Share
0.14
0.16
0.19
0.23
0.24
0.19
0.13
0.07
0.14
0.09
- -
- -
- -
- -
0.06
0.03
- -
Dividend per Share
0.48
0.58
0.7
0.82
0.87
0.79
0.74
0.82
0.8
0.54
0.43
0.32
0.34
0.4
0.37
0.41
0.41
Book Value per Share
0.48
0.58
0.7
0.82
0.87
0.79
0.74
0.82
0.8
0.54
0.43
0.32
0.34
0.4
0.37
0.41
0.41
Tangible Book Value per Share
2,792
2,809
2,821
2,834
2,843
2,854
2,927
3,009
3,060
3,096
3,101
3,102
3,102
3,102
3,102
3,101
3,102
Basic Weighted Avg Shares
4,901
6,405
7,670
8,756
8,993
7,791
7,551
8,018
8,157
5,717
3,043
3,413
3,501
4,367
3,839
4,383
- -
Sales/Revenue/Turnover
11.56
12.31
12.07
11.46
9.7
4.37
4.07
5.62
5.71
-6.09
-11.94
-9.01
-1.16
5.84
3.4
5
- -
Operating Margin (%)
79
117
173
188
163
123
103
101
111
903
515
356
339
377
399
412
- -
Depreciation Expense
509
690
826
935
839
383
327
440
471
-516
-351
-344
58
219
77
200
- -
Net Income, GAAP
16.99
17.38
16.99
16.94
16.91
18.49
18.68
17.01
15.69
- -
- -
- -
- -
17.94
10.24
14.45
- -
Effective Tax Rate (%)
10.39
10.77
10.76
10.68
9.33
4.92
4.33
5.49
5.77
-9.02
-11.55
-10.07
1.66
5.01
2
4.57
- -
Profit Margin (%)
1,055
1,188
1,442
1,756
1,986
1,834
1,830
2,043
2,025
928
732
454
405
569
465
639
639
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
505
300
220
334
394
347
243
243
LT Debt
1,353
1,631
1,975
2,325
2,475
2,288
2,219
2,483
2,487
1,664
1,330
983
1,041
1,252
1,158
1,282
1,282
Total Equity
38.5
44
43.56
40.57
32.78
15.43
14.44
18.81
18.48
- -
- -
- -
- -
12.88
7.47
11.64
- -
Return on Invested Capital (%)
40.14
46.23
45.79
42.71
34.4
16.1
14.5
18.72
18.95
- -
- -
- -
- -
13.48
5.45
12.23
- -
Return on Capital (%)
40.14
46.23
45.79
43.49
34.95
16.1
14.5
18.72
18.95
-24.86
-23.47
-29.72
5.76
19.09
6.39
16.43
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
312
294
292
LT Borrowings
- -
- -
- -
LT Finance Leases
347
294
243
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,103
3,103
3,103
Market Capitalization
2,061
2,908
- -

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,233
1,304
1,475
Cash, Cash Equivalents & STI
371
251
505
Accounts Receivable, Net
65
92
51
Inventories
670
833
767
Total Current Liabilities
768
818
836
Payables & Accruals
- -
- -
- -
ST Debt
312
294
292
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.08%
0.66%
10.77%
Free Cash Flow
66.96%
102.8%
31.21%
Net Income, GAAP
3.77%
50.46%
160.47%
Sales/Revenue/Turnover
-3.03%
8.31%
14.16%
Total Cash Common Dividend
- -
- -
-50.43%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,367
2025
- -
- -
3,839
2026
- -
- -
4,383

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.07
2025
- -
- -
0.02
2026
- -
- -
0.06

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
0.06
2026
- -
- -
0.03
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Business
Sa Sa International Holdings Limited (0178.HK) is a leading retailer of beauty and health products in Asia. The company operates an extensive network of retail stores offering skincare products, cosmetics, fragrance, body care items, and haircare; men's grooming products, health and baby care supplements, and household necessities; through its own brands such as Sa Sa, as well as international and local third-party brands. It provides additional services including product customization, online shopping via its e-commerce platform, and loyalty programs for customers. Founded in 1978 and headquartered in Hung Hom, Kowloon, Hong Kong, Sa Sa primarily serves mass-market consumers across Greater China, with significant operations in Mainland China, Hong Kong, Macau, Singapore, Malaysia, and Taiwan. The company functions through segments encompassing Hong Kong and Macau retail, Mainland China retail (including department stores and pharmacies), online and non-retail sales, and licensing services. In recent developments, Sa Sa has focused on digital transformation by enhancing its "Sa Sa 618" app and mini-program for improved online-to-offline integration; expanded pharmacy partnerships in Mainland China, including new store openings in high-traffic locations; and launched exclusive brand collaborations and private-label expansions amid post-pandemic recovery efforts as of 2024-2025.