Chow Tai Fook Jewellery Group (1929) Stock Overview
An investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
1929 Community Fair Values
Create NarrativeSee what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Chow Tai Fook Jewellery Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$11.54 |
| 52 Week High | HK$16.95 |
| 52 Week Low | HK$10.18 |
| Beta | 0.68 |
| 1 Month Change | -2.04% |
| 3 Month Change | -17.57% |
| 1 Year Change | 6.07% |
| 3 Year Change | -24.67% |
| 5 Year Change | -11.77% |
| Change since IPO | -16.38% |
Recent News & Updates
Narrative Update • May 01
1929: Renewed Leasing Framework And Cost Discipline Will Support Future Re Rating Potential
Analysts have trimmed their price target for Chow Tai Fook Jewellery Group to HK$16.45 from HK$17.46 as small shifts in discount rate, revenue growth, profit margin and future P/E inputs filter through their updated valuation work. What's in the News Chow Tai Fook Jewellery Group plans to renew its Master Leasing and Licensing Agreement with New World Development (NWD) for three years, starting from the renewal date and running to June 30, 2029, subject to compliance with the Listing Rules and the termination rights under the agreement (Key Developments).
Narrative Update • Apr 16
1929: Renewed Leasing Agreement And Global Store Expansion Will Drive Future Upside
Analysts have maintained their HK$21.40 price target on Chow Tai Fook Jewellery Group, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that broadly offset each other in their valuation work. What's in the News The Master Leasing and Licensing Agreement with NWD is set to be renewed for three years from June 30, 2026 to June 30, 2029, subject to Listing Rules compliance and standard termination rights (Key Developments).Narrative Update • Apr 01
1929: International Expansion And Brand Upgrade Will Support Future Re Rating Potential
Analysts have trimmed their HK$ fair value estimate for Chow Tai Fook Jewellery Group by around HK$0.31 to HK$17.46, citing slightly softer revenue growth assumptions, a modestly lower future P/E and a small uptick in projected profit margins. What's in the News Opened a new store in Bangkok at Siam Paragon, a major Southeast Asian luxury retail hub, as part of a broader international push (Key Developments).
Narrative Update • Mar 18
1929: International Expansion And Brand Transformation Will Drive Future Upside Potential
Analysts have adjusted their price target on Chow Tai Fook Jewellery Group to HK$14.00 from HK$12.40, reflecting updated assumptions around revenue growth, profit margins and a lower future P/E multiple in their valuation work. What's in the News Opened a key store in Bangkok at Siam Paragon, adding a presence in a high profile Southeast Asian luxury retail location as part of its international expansion plan (Key Developments).Narrative Update • Mar 03
1929: Global Store Expansion And Brand Refresh Will Drive Future Upside
Analysts have maintained their HK$21.40 price target for Chow Tai Fook Jewellery Group, with minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions resulting in only a slightly different valuation profile. What's in the News Opened a key store in Bangkok's Siam Paragon, adding to the Group's international retail footprint and highlighting its focus on luxury destinations across borders (Key Developments).Recent updates
Narrative Update • May 01
1929: Renewed Leasing Framework And Cost Discipline Will Support Future Re Rating Potential
Analysts have trimmed their price target for Chow Tai Fook Jewellery Group to HK$16.45 from HK$17.46 as small shifts in discount rate, revenue growth, profit margin and future P/E inputs filter through their updated valuation work. What's in the News Chow Tai Fook Jewellery Group plans to renew its Master Leasing and Licensing Agreement with New World Development (NWD) for three years, starting from the renewal date and running to June 30, 2029, subject to compliance with the Listing Rules and the termination rights under the agreement (Key Developments).Narrative Update • Apr 16
1929: Renewed Leasing Agreement And Global Store Expansion Will Drive Future Upside
Analysts have maintained their HK$21.40 price target on Chow Tai Fook Jewellery Group, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that broadly offset each other in their valuation work. What's in the News The Master Leasing and Licensing Agreement with NWD is set to be renewed for three years from June 30, 2026 to June 30, 2029, subject to Listing Rules compliance and standard termination rights (Key Developments).Narrative Update • Apr 01
1929: International Expansion And Brand Upgrade Will Support Future Re Rating Potential
Analysts have trimmed their HK$ fair value estimate for Chow Tai Fook Jewellery Group by around HK$0.31 to HK$17.46, citing slightly softer revenue growth assumptions, a modestly lower future P/E and a small uptick in projected profit margins. What's in the News Opened a new store in Bangkok at Siam Paragon, a major Southeast Asian luxury retail hub, as part of a broader international push (Key Developments).Narrative Update • Mar 18
1929: International Expansion And Brand Transformation Will Drive Future Upside Potential
Analysts have adjusted their price target on Chow Tai Fook Jewellery Group to HK$14.00 from HK$12.40, reflecting updated assumptions around revenue growth, profit margins and a lower future P/E multiple in their valuation work. What's in the News Opened a key store in Bangkok at Siam Paragon, adding a presence in a high profile Southeast Asian luxury retail location as part of its international expansion plan (Key Developments).Narrative Update • Mar 03
1929: Global Store Expansion And Brand Refresh Will Drive Future Upside
Analysts have maintained their HK$21.40 price target for Chow Tai Fook Jewellery Group, with minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions resulting in only a slightly different valuation profile. What's in the News Opened a key store in Bangkok's Siam Paragon, adding to the Group's international retail footprint and highlighting its focus on luxury destinations across borders (Key Developments).Narrative Update • Feb 17
1929: International Expansion And Brand Upgrade Will Drive Future Upside Potential
Analysts now place their price target for Chow Tai Fook Jewellery Group at HK$21.40, up from HK$17.00, citing updated assumptions on the discount rate, long-term profit margin, and forward P/E. What's in the News Opened a key store in Bangkok’s Siam Paragon, a major Southeast Asian luxury retail destination, as part of its international expansion and brand transformation focus (Key Developments).Narrative Update • Feb 03
1929: Dividend And Global Expansion Will Support Future Re Rating Potential
Analysts have nudged their price target on Chow Tai Fook Jewellery Group higher by roughly HK$0.27, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind the revision. What's in the News Opened a new store in Bangkok’s Siam Paragon, a high profile Southeast Asian luxury mall, as part of the group’s broader international expansion and brand transformation journey.Narrative Update • Jan 20
1929: Dividend And Overseas Expansion Will Support Future Re Rating Potential
Analysts have kept their price target for Chow Tai Fook Jewellery Group broadly steady around HK$17.51, with only marginal tweaks that reflect slightly updated assumptions for discount rate, revenue growth, profit margin, and forward P/E, rather than any major change in their view of the business. What's in the News Opened a key store in Bangkok’s Siam Paragon, a high profile Southeast Asian luxury mall, adding to a global network of over 5,000 stores and focusing on cultural heritage and modern design in the store concept (Key Developments).Analysis Article • Jan 15
Is Chow Tai Fook Jewellery Group Limited (HKG:1929) Trading At A 35% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Chow Tai Fook Jewellery Group fair value estimate is HK$20.57...Narrative Update • Jan 06
1929: Interim Dividend Will Support Future Re Rating Potential
Analysts have trimmed their price target on Chow Tai Fook Jewellery Group to HK$17.51 from HK$17.75, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E, which slightly adjust their valuation framework. What's in the News Interim dividend of HK$0.22 per share announced for the six months ended 30 September 2025, with record date on 17 December 2025 and ex dividend date on 15 December 2025, payable on 24 December 2025 (Key Developments).Analysis Article • Dec 29
Why We Like The Returns At Chow Tai Fook Jewellery Group (HKG:1929)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Dec 17
1929: Interim Dividend Will Drive Future Re Rating Prospects
Analysts have slightly lowered their fair value estimate for Chow Tai Fook Jewellery Group to HK$17.75 from HK$17.76, reflecting modestly softer assumptions for revenue growth and profit margins that are only partly offset by a higher expected future P/E multiple. What's in the News Declared an interim dividend of HKD 0.22 per share for the six months ended 30 September 2025, with an ex dividend date on 15 December 2025, record date on 17 December 2025, and payment on 24 December 2025 (Key Developments) Scheduled a board meeting on 25 November 2025 to review interim results for the six months ended 30 September 2025 and to consider the declaration of an interim dividend and other business matters (Key Developments) Valuation Changes Fair Value Estimate has edged down slightly to HK$17.75 from HK$17.76 per share.Narrative Update • Dec 03
1929: Interim Dividend Will Drive Future Re Rating Prospects
Analysts have modestly raised their price target on Chow Tai Fook Jewellery Group, reflecting improved expectations for revenue growth and profit margins, even as they apply a slightly higher discount rate and a lower future price-to-earnings multiple. What's in the News Interim dividend of HKD 0.22 per share declared for the six months ended 30 September 2025, payable on 24 December 2025, with an ex dividend date of 15 December and record date of 17 December 2025 (company announcement).Analysis Article • Nov 30
Chow Tai Fook Jewellery Group (HKG:1929) Is Due To Pay A Dividend Of HK$0.22
The board of Chow Tai Fook Jewellery Group Limited ( HKG:1929 ) has announced that it will pay a dividend on the 24th...Analysis Article • Nov 28
Chow Tai Fook Jewellery Group Limited Just Missed Earnings - But Analysts Have Updated Their Models
Chow Tai Fook Jewellery Group Limited ( HKG:1929 ) just released its latest half-yearly report and things are not...Narrative Update • Nov 18
1929: Interim Dividend Discussion Will Drive Future Re-Rating Prospects
Analysts have slightly raised their price target for Chow Tai Fook Jewellery Group to HK$17.38. They cited a minor increase in the discount rate while other assumptions remained largely unchanged.Narrative Update • Nov 02
1929: Future Profit Margins And Discount Rates Will Drive Upside Potential
Analysts have raised their price target for Chow Tai Fook Jewellery Group from HK$15.34 to HK$17.38, citing improved revenue growth, higher forecast profit margins, and a slight easing in discount rate assumptions. Valuation Changes Fair Value Estimate has increased from HK$15.34 to HK$17.38.Narrative Update • Oct 19
Jewelry Manufacturer Will Strengthen Cultural Appeal Through Partnerships And Global Expansion
Analysts have raised their price target for Chow Tai Fook Jewellery Group from $15.14 to $15.34, citing modest improvements in projected revenue growth and profit margins as key factors in the revision. Valuation Changes Fair Value has increased slightly from HK$15.14 to HK$15.34.Analysis Article • Oct 13
Estimating The Fair Value Of Chow Tai Fook Jewellery Group Limited (HKG:1929)
Key Insights The projected fair value for Chow Tai Fook Jewellery Group is HK$16.77 based on 2 Stage Free Cash Flow to...Analysis Article • Sep 22
We Like Chow Tai Fook Jewellery Group's (HKG:1929) Returns And Here's How They're Trending
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Analysis Article • Aug 07
Chow Tai Fook Jewellery Group (HKG:1929) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jul 21
Chow Tai Fook Jewellery Group's (HKG:1929) Upcoming Dividend Will Be Larger Than Last Year's
The board of Chow Tai Fook Jewellery Group Limited ( HKG:1929 ) has announced that it will be paying its dividend of...Analysis Article • Jul 16
Here's Why Shareholders May Want To Be Cautious With Increasing Chow Tai Fook Jewellery Group Limited's (HKG:1929) CEO Pay Packet
Key Insights Chow Tai Fook Jewellery Group will host its Annual General Meeting on 23rd of July Total pay for CEO Kent...Analysis Article • Jul 01
Chow Tai Fook Jewellery Group's (HKG:1929) Dividend Will Be Increased To HK$0.32
Chow Tai Fook Jewellery Group Limited ( HKG:1929 ) has announced that it will be increasing its dividend from last...Analysis Article • Jun 15
Chow Tai Fook Jewellery Group (HKG:1929) Is Increasing Its Dividend To HK$0.32
Chow Tai Fook Jewellery Group Limited's ( HKG:1929 ) dividend will be increasing from last year's payment of the same...Analysis Article • May 21
Shareholders Would Enjoy A Repeat Of Chow Tai Fook Jewellery Group's (HKG:1929) Recent Growth In Returns
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
New Narrative • Dec 01
Embarking On A Global Brand Renaissance Amid Market Challenges And Cultural Alliances
Strategic brand transformation and partnerships enhance cultural appeal, driving revenue growth through higher margins and market share expansion.Shareholder Returns
| 1929 | HK Specialty Retail | HK Market | |
|---|---|---|---|
| 7D | 8.6% | 5.8% | 1.1% |
| 1Y | 6.1% | -9.8% | 19.7% |
Return vs Industry: 1929 exceeded the Hong Kong Specialty Retail industry which returned -12.6% over the past year.
Return vs Market: 1929 underperformed the Hong Kong Market which returned 20.3% over the past year.
Price Volatility
| 1929 volatility | |
|---|---|
| 1929 Average Weekly Movement | 5.5% |
| Specialty Retail Industry Average Movement | 7.0% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in HK Market | 15.1% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 1929 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 1929's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1929 | 24,700 | Kent Wong | www.ctfjewellerygroup.com |
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 and products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brands. It also distributes watches of various brands.
Chow Tai Fook Jewellery Group Limited Fundamentals Summary
| 1929 fundamental statistics | |
|---|---|
| Market cap | HK$113.84b |
| Earnings (TTM) | HK$5.92b |
| Revenue (TTM) | HK$89.23b |
19.2x
P/E Ratio1.3x
P/S RatioIs 1929 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1929 income statement (TTM) | |
|---|---|
| Revenue | HK$89.23b |
| Cost of Revenue | HK$63.25b |
| Gross Profit | HK$25.98b |
| Other Expenses | HK$20.07b |
| Earnings | HK$5.92b |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.60 |
| Gross Margin | 29.12% |
| Net Profit Margin | 6.63% |
| Debt/Equity Ratio | 121.4% |
How did 1929 perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield91%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 17:00 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Chow Tai Fook Jewellery Group Limited is covered by 37 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vineet Kulbandu Sharma | Barclays |
| Ronald Leung | BofA Global Research |
| Forrest Chan | CCB International Securities Limited |