Chow Tai Fook Jewellery Group Limited (1929.HK) stock analysis

In our weekly check, Chow Tai Fook Jewellery Group Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 4, red flags: 5.

About Chow Tai Fook Jewellery Group Limited

Chow Tai Fook Jewellery Group Limited is a Consumer Cyclical company (Luxury Goods) based in Hong Kong, listed on HKSE as 1929.HK.

What our checks show for 1929.HK

Red flags

• Operating cash flow is only 0.11x net profit: part of the reported profit does not arrive as cash.
• Revenue fell 0.1% a year over the last 3 years.
• The dividend takes 464% of profit: little cushion if profit falls.
• The stock has fallen as much as 72% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5.2 years.

Warning signs

• Operating profit covers interest only 2.9 times: a weak year could make the payments hard.
• The net margin is only 9.5%: little room if costs rise.
• Free cash flow is only 0.5% of revenue.
• The price swings a lot: 39.4% annual volatility. Expect large ups and downs.

Strengths

• The net margin rose by 2.8 points over 5 years, to 9.5%.
• The gross margin is 33.1% and has risen by 9.6 points: pricing power is holding.
• Earnings per share grew 19% a year over the last 3 years.
• Net profit grew 18.7% a year over the last 3 years.
• The price is 12 times earnings (P/E), reasonable for its growth.
• A large company: market value $13.85 billion.

Next earnings report: 2026-12-01

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Questions

What grade does Chow Tai Fook Jewellery Group Limited (1929.HK) have?

In our weekly check, Chow Tai Fook Jewellery Group Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 4, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 1929.HK stock?

This week's biggest flags for Chow Tai Fook Jewellery Group Limited: Profits not backed by cash, Weak revenue growth, Dividend stretched. In total 9 of 25 checks show a warning or a red flag.

What does Chow Tai Fook Jewellery Group Limited do?

Chow Tai Fook Jewellery Group Limited is a Consumer Cyclical company (Luxury Goods) based in Hong Kong, listed on HKSE as 1929.HK.

When does Chow Tai Fook Jewellery Group Limited report earnings next?

The next earnings report is expected on 2026-12-01. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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