Hangzhou Hikvision Digital Technology Co., Ltd.

¥35.25As of Sun 8 Nov 2026, 12:00 UTC

SZSE:002415Technology

Country China

PE (Fwd) •••

TSR 10Y CAGR 10.57%

Div yield 3.69%

ROE 22.16%

Computer Hardware

Beta (5Y) 0.31

PE TTM 18.16

TSR TTM 11.45%

Mkt cap ¥323.1B

ROIC 31.28%

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥36

2.85%

(87.34%)

Sell 6|6|1|0|10

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

23.06

Revenue¥B

89.38

88.87

88.61

90.63

94.01

95.93

99.16

101.8

103.1

104.0

23.65

2.04%

1.62%

19.05

Revenue growth%

20.46

22.14

23.90

22.86

23.67

22.65

22.51

22.63

21.56

19.43

6.03

22.51

22.57

27.39

Gross margin%

4.64

3.31

5.07

4.25

1.30

1.22

2.84

0.64

1.74

0.40

12.81

1.22

2.29

28.08

Operating margin%

4.69

5.89

4.54

4.78

3.52

1.92

3.34

5.02

3.58

11.13

3.52

4.54

7.12

Net margin%

25.18

26.96

25.61

28.39

31.35

33.67

33.59

32.35

31.64

34.41

26.87

33.59

31.49

21.79

P/E ratio (avg)x

7.986

7.065

7.182

7.247

6.237

5.887

5.465

5.904

5.979

5.489

28.92

5.887

6.108

32.81

EV/EBITx

11.32

10.23

9.757

10.58

11.83

11.68

12.96

11.78

13.12

12.40

12.87

12.40

11.73

15.01

FCF yield (avg)%

7.23

7.60

10.26

9.15

7.41

6.69

4.05

3.65

0.99

3.72

23.01

3.72

6.96

8.71

FCF margin%

24.14

24.45

23.62

25.63

24.35

21.76

24.56

26.66

24.50

23.00

2.04

24.50

24.40

0.706

FCF / Net incomex

2.284

2.637

3.201

3.203

3.696

3.629

4.235

4.236

4.369

4.547

0.894

4.236

3.662

14.51

ROIC%

6.01

7.72

9.99

12.57

14.57

15.57

15.25

17.23

18.93

18.37

23.47

17.23

14.91

11.09

Return on equity%

11.35

9.87

11.97

13.65

14.46

16.42

18.03

18.01

16.16

17.06

5.99

17.06

15.31

7.97

Return on assets%

19.23

18.39

15.87

18.00

19.49

17.36

18.95

19.70

19.46

21.89

21.12

19.46

19.09

1.60

EPS¥

4.49

5.36

5.48

6.65

7.70

8.62

8.61

9.74

10.11

1.71

8.74%

8.85%

—

12.37

EPS growth%

18.58

19.47

20.34

20.21

21.51

22.74

24.82

25.42

24.34

21.86

25.86

24.34

21.68

3.09

Bookvalue per sh¥

2.75

3.01

3.00

3.21

3.67

3.79

4.06

4.16

4.80

5.54

2.28

8.60%

6.90%

—

3.09

FCF per share¥

3.44

3.35

3.91

4.55

5.29

5.87

6.38

7.03

8.19

8.70

0.64

10.45%

9.62%

—

1.24

Dividend per sh¥

1.30

1.36

1.45

1.60

1.46

1.47

1.57

1.50

1.37

1.34

0.98

(1.82%)

1.40%

—

26.75

Div yield (avg)%

1.54

2.33

0.40

2.72

0.90

2.86

4.99

4.39

6.18

3.78

6.37

4.39

2.79

10.21

Payout ratio%

21.07

23.48

23.25

22.46

20.00

19.99

20.53

18.23

19.57

16.74

27.68

19.57

20.27

9.370

Shares (diluted)B

11.42

11.86

11.08

11.33

10.76

11.39

12.05

12.87

14.35

14.12

9.229

5.59%

2.34%

11.73

Buyback yield%

7.56

6.69

4.75

6.08

8.14

10.48

9.01

9.21

8.09

7.74

25.59

9.01

7.91

0.840

D/E ratiox

1.414

1.416

1.680

1.815

2.158

2.361

2.759

3.135

3.632

3.768

0.866

3.135

2.259

49.54

Enterprise value¥B

29.30

31.93

31.18

35.18

39.66

39.85

41.49

39.52

42.30

41.40

49.95

0.86%

3.95%

54.70

LT debt¥B

36.44

34.71

36.25

38.75

39.55

40.38

42.37

41.78

39.81

39.35

50.70

(0.10%)

2.17%

Peers (US$48.43B)

Cap (US$)

Hygon Information…

65.89B

128.1x

Yushu Technology Co.…

39.81B

436.2x

Moore Threads Technolo…

23.74B

—

Quanta Computer Inc.

33.82B

13.19x

Capital

TTM

10Y

Leveragex

1.366

0.095

0.097

EBIT/Intx

0.582

0.132

0.136

Own earn%

(203.52)

3.03

(1.57)

Sh yield%

38.47

13.60

10.31

Owners

Insiders/Inst%

7.64

49.92

Short interest%

1.43

SBC / revenue%

5.71

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

2–6

$1 testx

0.0

Incr. ROIC%

Hangzhou Hikvision Digital Technology Co., Ltd. provides machine perception and artificial intelligence technologies worldwide, offering cameras, video recorders, access control systems, video intercoms, displays, alarm systems, networking products, thermal cameras, parking and traffic products, security inspection products, audio products, fire alarm systems, and software including Hik-Connect and HikCentral Professional.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥104.0B

1.62%

1.00×

Cost of revenue

¥56.10B

1.57%

1.00×

Operating expenses

¥24.25B

1.79%

1.02×