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REF Holdings Limited

HKD 1.31 +$0.76 (+139.09%)

HKSE · 16 Sep 2026 05:48 UTC

Previous Close

HKD 1.3

Day Range

HKD 1.3HKD 1.31

Year Range

HKD 0.36HKD 1.89

Market Cap

403.97M

AVG Volume

791.29K

Trailing/Forward PE

128.92/-

PEG ratio

-2.82

Dividend Yield

Next Earnings Date

Primary Exchange

Hong Kong Stock Exchange

Revenue (HKD)

1631.HK Revenue (HKD) by year
Period	Revenue (HKD)
2025	92.3M
2024	106.36M
2023	124.04M
2022	165.74M
2021	202.62M
2020	221.24M
2019	285.74M
2018	192.39M
2017	236.28M
2016	178.09M

Net Income (HKD)

1631.HK Net Income (HKD) by year
Period	Net Income (HKD)
2025	2.22M
2024	5.67M
2023	11.71M
2022	16.06M
2021	12.94M
2020	27.4M
2019	50.31M
2018	36.74M
2017	64.38M
2016	45.62M

Operating Income (HKD)

1631.HK Operating Income (HKD) by year
Period	Operating Income (HKD)
2025	3.5M
2024	7.12M
2023	12.7M
2022	16.57M
2021	25.61M
2020	26.55M
2019	60.09M
2018	40.28M
2017	77.83M
2016	55M

EBITDA (HKD)

1631.HK EBITDA (HKD) by year
Period	EBITDA (HKD)
2025	5.18M
2024	9.93M
2023	16.68M
2022	26.5M
2021	41.04M
2020	41.15M
2019	63.21M
2018	42.21M
2017	78.18M
2016	55.03M

Cash Flows (HKD)

1631.HK Cash Flows (HKD) by year
Period	Cash Flows (HKD)
2025	43.51M
2024	25.88M
2023	36.03M
2022	18.97M
2021	24.14M
2020	57.34M
2019	82.22M
2018	17.8M
2017	91.35M
2016	39.97M

EPS (HKD)

1631.HK EPS (HKD) by year
Period	EPS (HKD)
2025	0.01
2024	0.02
2023	0.05
2022	0.06
2021	0.05
2020	0.11
2019	0.2
2018	0.14
2017	0.25
2016	0.18

Expenses (HKD)

1631.HK Expenses (HKD) by year
Period	Expenses (HKD)
2025	43.39M
2024	49.33M
2023	50.68M
2022	68.89M
2021	102.96M
2020	77.69M
2019	86.84M
2018	71.36M
2017	57.09M
2016	41.41M

Cash & Debt (HKD)

1631.HK Cash & Debt (HKD) by year
Period	Cash & Debt (HKD)
2025	68.86M
2024	55.75M
2023	55.09M
2022	77.32M
2021	128.99M
2020	209.22M
2019	249.95M
2018	208.11M
2017	187.04M
2016	111.31M

Debt ratios

1631.HK Debt ratios by year
Period	Debt ratios
2025	-0.8
2024	-0.21
2023	-0.37
2022	-0.3
2021	-0.47
2020	-0.88
2019	-0.93
2018	-0.99

Margins

1631.HK Margins by year
Period	Margins
2025	50.51%
2024	52.72%
2023	50.99%
2022	50.94%
2021	53.45%
2020	47.09%
2019	51.13%
2018	51.69%
2017	56.02%
2016	53.64%

Return on Capital

1631.HK Return on Capital by year
Period	Return on Capital
2025	2.69%
2024	7.11%
2023	16.1%
2022	16.16%
2021	9.28%
2020	13.2%
2019	20.91%
2018	17.75%
2017	37.81%
2016	43.08%

Shares Outstanding

1631.HK Shares Outstanding by year
Period	Shares Outstanding
2025	254.92M
2024	256.28M
2023	256.06M
2022	256.02M
2021	256M
2020	256M
2019	256M
2018	256.05M
2017	256M
2016	256M

Dividends (HKD)

1631.HK Dividends (HKD) by year
Period	Dividends (HKD)
2023	0.15
2022	0.2
2021	0.3
2020	0.2

Book Value Per Share (HKD)

1631.HK Book Value Per Share (HKD) by year
Period	Book Value Per Share (HKD)
2025	0.32
2024	0.31
2023	0.28
2022	0.39
2021	0.54
2020	0.81
2019	0.94
2018	0.81
2017	0.67
2016	0.41

Total Assets (HKD)

1631.HK Total Assets (HKD) by year
Period	Total Assets (HKD)
2025	123.65M
2024	125.5M
2023	104.22M
2022	147.8M
2021	210.37M
2020	260.53M
2019	320.9M
2018	268.61M
2017	235.07M
2016	152.07M

PE Ratio

1631.HK PE Ratio by year
Period	PE Ratio
Sep 26	206.63
Sep 26	208.22
Sep 26	211.4
Aug 26	214.58
Aug 26	219.34
Aug 26	214.58
Aug 26	217.76
Jul 26	214.58
Jul 26	205.04
Jul 26	222.52
Jul 26	222.52
Jul 26	205.04
Jun 26	143.28
Jun 26	149.01
Jun 26	168.5
Jun 26	159.33
May 26	158.18
May 26	168.5
May 26	121.5
May 26	58.46
Apr 26	58.46
Apr 26	59.6
Apr 26	59.6
Apr 26	55.02
Apr 26	55.02
Mar 26	31.3
Mar 26	31.3
Mar 26	30.97
Mar 26	31.95
Feb 26	30.65
Feb 26	29.99
Feb 26	31.3
Feb 26	29.99
Jan 26	30.32
Jan 26	32.28
Jan 26	33.25
Jan 26	36.52
Jan 26	35.86
Dec 25	24.86
Dec 25	23.24
Dec 25	21.35
Dec 25	20.54
Nov 25	20.54
Nov 25	20.54
Nov 25	22.43
Nov 25	21.08
Oct 25	22.7
Oct 25	20.81
Oct 25	21.08
Oct 25	22.7
Oct 25	23.51
Sep 25	19.42
Sep 25	23.41
Sep 25	24.41
Sep 25	24.41
Aug 25	28.89
Aug 25	28.89
Aug 25	29.88
Aug 25	29.88
Aug 25	26.4
Jul 25	30.38
Jul 25	29.39
Jul 25	31.88
Jul 25	30.88
Jun 25	22.38
Jun 25	20.8
Jun 25	20.8
Jun 25	21.93
May 25	23.06
May 25	23.06
May 25	21.25
May 25	22.15
May 25	24.41
Apr 25	20.34
Apr 25	9.09
Apr 25	7.96
Apr 25	8.14
Mar 25	7.49
Mar 25	7.93
Mar 25	8.26
Mar 25	8.18
Feb 25	8.91
Feb 25	9.48
Feb 25	8.22
Feb 25	8.95
Jan 25	8.63
Jan 25	8.63
Jan 25	8.5
Jan 25	7.49
Jan 25	8.91
Dec 24	8.09
Dec 24	8.76
Dec 24	8.79
Dec 24	6.47
Nov 24	7.2
Nov 24	7.2
Nov 24	7.35
Nov 24	7.76
Nov 24	8.31
Oct 24	8.31

Free Cash Flow Yield

1631.HK Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	11.85%
Sep 26	11.76%
Sep 26	11.58%
Aug 26	11.41%
Aug 26	11.16%
Aug 26	11.41%
Aug 26	11.24%
Jul 26	11.41%
Jul 26	11.94%
Jul 26	11%
Jul 26	11%
Jul 26	11.94%
Jun 26	13.65%
Jun 26	13.13%
Jun 26	11.61%
Jun 26	12.28%
May 26	12.37%
May 26	11.61%
May 26	16.1%
May 26	33.47%
Apr 26	33.47%
Apr 26	32.82%
Apr 26	32.82%
Apr 26	35.56%
Apr 26	35.56%
Mar 26	28.74%
Mar 26	28.74%
Mar 26	29.04%
Mar 26	28.15%
Feb 26	29.35%
Feb 26	29.99%
Feb 26	28.74%
Feb 26	29.99%
Jan 26	29.66%
Jan 26	27.87%
Jan 26	27.05%
Jan 26	24.63%
Jan 26	25.08%
Dec 25	25.75%
Dec 25	27.55%
Dec 25	29.99%
Dec 25	31.17%
Nov 25	31.17%
Nov 25	31.17%
Nov 25	28.54%
Nov 25	30.37%
Oct 25	28.2%
Oct 25	30.77%
Oct 25	30.37%
Oct 25	28.2%
Oct 25	27.23%
Sep 25	27.86%
Sep 25	23.12%
Sep 25	22.18%
Sep 25	22.18%
Aug 25	18.73%
Aug 25	18.73%
Aug 25	18.11%
Aug 25	18.11%
Aug 25	20.5%
Jul 25	17.81%
Jul 25	18.42%
Jul 25	16.98%
Jul 25	17.53%
Jun 25	20.4%
Jun 25	21.96%
Jun 25	21.96%
Jun 25	20.82%
May 25	19.8%
May 25	19.8%
May 25	21.49%
May 25	20.61%
May 25	18.7%
Apr 25	22.44%
Apr 25	50.25%
Apr 25	57.38%
Apr 25	56.11%
Mar 25	43.22%
Mar 25	40.78%
Mar 25	39.18%
Mar 25	39.57%
Feb 25	36.31%
Feb 25	34.13%
Feb 25	39.37%
Feb 25	36.15%
Jan 25	37.51%
Jan 25	37.51%
Jan 25	38.05%
Jan 25	43.22%
Jan 25	36.31%
Dec 24	42.94%
Dec 24	39.68%
Dec 24	39.51%
Dec 24	53.73%
Nov 24	48.22%
Nov 24	48.22%
Nov 24	47.25%
Nov 24	44.78%
Nov 24	41.79%
Oct 24	41.79%

Price to Sales

1631.HK Price to Sales by year
Period	Price to Sales
Sep 26	3.71
Sep 26	3.74
Sep 26	3.8
Aug 26	3.86
Aug 26	3.94
Aug 26	3.86
Aug 26	3.91
Jul 26	3.86
Jul 26	3.69
Jul 26	4
Jul 26	4
Jul 26	3.69
Jun 26	3.45
Jun 26	3.59
Jun 26	4.06
Jun 26	3.84
May 26	3.81
May 26	4.06
May 26	2.93
May 26	1.41
Apr 26	1.41
Apr 26	1.44
Apr 26	1.44
Apr 26	1.33
Apr 26	1.33
Mar 26	1.3
Mar 26	1.3
Mar 26	1.28
Mar 26	1.32
Feb 26	1.27
Feb 26	1.24
Feb 26	1.3
Feb 26	1.24
Jan 26	1.26
Jan 26	1.34
Jan 26	1.38
Jan 26	1.51
Jan 26	1.49
Dec 25	1.25
Dec 25	1.17
Dec 25	1.07
Dec 25	1.03
Nov 25	1.03
Nov 25	1.03
Nov 25	1.13
Nov 25	1.06
Oct 25	1.14
Oct 25	1.04
Oct 25	1.06
Oct 25	1.14
Oct 25	1.18
Sep 25	1.01
Sep 25	1.21
Sep 25	1.26
Sep 25	1.26
Aug 25	1.5
Aug 25	1.5
Aug 25	1.55
Aug 25	1.55
Aug 25	1.37
Jul 25	1.57
Jul 25	1.52
Jul 25	1.65
Jul 25	1.6
Jun 25	1.19
Jun 25	1.11
Jun 25	1.11
Jun 25	1.17
May 25	1.23
May 25	1.23
May 25	1.13
May 25	1.18
May 25	1.3
Apr 25	1.08
Apr 25	0.48
Apr 25	0.42
Apr 25	0.43
Mar 25	0.43
Mar 25	0.46
Mar 25	0.48
Mar 25	0.47
Feb 25	0.51
Feb 25	0.55
Feb 25	0.47
Feb 25	0.52
Jan 25	0.5
Jan 25	0.5
Jan 25	0.49
Jan 25	0.43
Jan 25	0.51
Dec 24	0.5
Dec 24	0.54
Dec 24	0.55
Dec 24	0.4
Nov 24	0.45
Nov 24	0.45
Nov 24	0.46
Nov 24	0.48
Nov 24	0.52
Oct 24	0.52

EV/EBITDA

1631.HK EV/EBITDA by year
Period	EV/EBITDA
Sep 26	63.92
Sep 26	64.57
Sep 26	65.86
Aug 26	67.15
Aug 26	69.09
Aug 26	67.15
Aug 26	68.44
Jul 26	67.15
Jul 26	63.27
Jul 26	70.38
Jul 26	70.38
Jul 26	63.27
Jun 26	52.55
Jun 26	55.01
Jun 26	63.39
Jun 26	59.45
May 26	58.95
May 26	63.39
May 26	43.19
May 26	16.11
Apr 26	16.11
Apr 26	16.6
Apr 26	16.6
Apr 26	14.63
Apr 26	14.63
Mar 26	11
Mar 26	11
Mar 26	10.82
Mar 26	11.37
Feb 26	10.64
Feb 26	10.27
Feb 26	11
Feb 26	10.27
Jan 26	10.45
Jan 26	11.56
Jan 26	12.11
Jan 26	13.95
Jan 26	13.58
Dec 25	11.13
Dec 25	10.23
Dec 25	9.17
Dec 25	8.72
Nov 25	8.72
Nov 25	8.72
Nov 25	9.77
Nov 25	9.02
Oct 25	9.93
Oct 25	8.87
Oct 25	9.02
Oct 25	9.93
Oct 25	10.38
Sep 25	8.41
Sep 25	10.66
Sep 25	11.22
Sep 25	11.22
Aug 25	13.76
Aug 25	13.76
Aug 25	14.32
Aug 25	14.32
Aug 25	12.35
Jul 25	14.6
Jul 25	14.04
Jul 25	15.44
Jul 25	14.88
Jun 25	10.82
Jun 25	9.92
Jun 25	9.92
Jun 25	10.57
May 25	11.21
May 25	11.21
May 25	10.18
May 25	10.7
May 25	11.99
Apr 25	9.66
Apr 25	3.24
Apr 25	2.59
Apr 25	2.7
Mar 25	2.64
Mar 25	2.91
Mar 25	3.1
Mar 25	3.05
Feb 25	3.49
Feb 25	3.83
Feb 25	3.08
Feb 25	3.51
Jan 25	3.32
Jan 25	3.32
Jan 25	3.25
Jan 25	2.64
Jan 25	3.49
Dec 24	4.67
Dec 24	5.08
Dec 24	5.1
Dec 24	3.66
Nov 24	4.12
Nov 24	4.12
Nov 24	4.21
Nov 24	4.46
Nov 24	4.8
Oct 24	4.8

Price/Operating Cashflow

1631.HK Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	7.76
Sep 26	7.82
Sep 26	7.94
Aug 26	8.06
Aug 26	8.24
Aug 26	8.06
Aug 26	8.18
Jul 26	8.06
Jul 26	7.7
Jul 26	8.36
Jul 26	8.36
Jul 26	7.7
Jun 26	6.75
Jun 26	7.02
Jun 26	7.94
Jun 26	7.51
May 26	7.45
May 26	7.94
May 26	5.73
May 26	2.75
Apr 26	2.75
Apr 26	2.81
Apr 26	2.81
Apr 26	2.59
Apr 26	2.59
Mar 26	3.14
Mar 26	3.14
Mar 26	3.1
Mar 26	3.2
Feb 26	3.07
Feb 26	3.01
Feb 26	3.14
Feb 26	3.01
Jan 26	3.04
Jan 26	3.23
Jan 26	3.33
Jan 26	3.66
Jan 26	3.59
Dec 25	3.45
Dec 25	3.22
Dec 25	2.96
Dec 25	2.85
Nov 25	2.85
Nov 25	2.85
Nov 25	3.11
Nov 25	2.92
Oct 25	3.15
Oct 25	2.88
Oct 25	2.92
Oct 25	3.15
Oct 25	3.26
Sep 25	3.53
Sep 25	4.26
Sep 25	4.44
Sep 25	4.44
Aug 25	5.25
Aug 25	5.25
Aug 25	5.44
Aug 25	5.44
Aug 25	4.8
Jul 25	5.53
Jul 25	5.35
Jul 25	5.8
Jul 25	5.62
Jun 25	4.83
Jun 25	4.49
Jun 25	4.49
Jun 25	4.73
May 25	4.98
May 25	4.98
May 25	4.59
May 25	4.78
May 25	5.27
Apr 25	4.39
Apr 25	1.96
Apr 25	1.72
Apr 25	1.76
Mar 25	1.41
Mar 25	1.5
Mar 25	1.56
Mar 25	1.55
Feb 25	1.68
Feb 25	1.79
Feb 25	1.55
Feb 25	1.69
Jan 25	1.63
Jan 25	1.63
Jan 25	1.61
Jan 25	1.41
Jan 25	1.68
Dec 24	1.52
Dec 24	1.64
Dec 24	1.65
Dec 24	1.21
Nov 24	1.35
Nov 24	1.35
Nov 24	1.38
Nov 24	1.45
Nov 24	1.56
Oct 24	1.56

Price to Book

1631.HK Price to Book by year
Period	Price to Book
Sep 26	3.17
Sep 26	3.2
Sep 26	3.25
Aug 26	3.29
Aug 26	3.37
Aug 26	3.29
Aug 26	3.34
Jul 26	3.29
Jul 26	3.15
Jul 26	3.42
Jul 26	3.42
Jul 26	3.15
Jun 26	3.85
Jun 26	4
Jun 26	4.52
Jun 26	4.28
May 26	4.25
May 26	4.52
May 26	3.26
May 26	1.57
Apr 26	1.57
Apr 26	1.6
Apr 26	1.6
Apr 26	1.48
Apr 26	1.48
Mar 26	1.48
Mar 26	1.48
Mar 26	1.46
Mar 26	1.51
Feb 26	1.45
Feb 26	1.42
Feb 26	1.48
Feb 26	1.42
Jan 26	1.43
Jan 26	1.52
Jan 26	1.57
Jan 26	1.72
Jan 26	1.69
Dec 25	1.43
Dec 25	1.34
Dec 25	1.23
Dec 25	1.18
Nov 25	1.18
Nov 25	1.18
Nov 25	1.29
Nov 25	1.21
Oct 25	1.3
Oct 25	1.2
Oct 25	1.21
Oct 25	1.3
Oct 25	1.35
Sep 25	1.21
Sep 25	1.46
Sep 25	1.52
Sep 25	1.52
Aug 25	1.8
Aug 25	1.8
Aug 25	1.86
Aug 25	1.86
Aug 25	1.65
Jul 25	1.9
Jul 25	1.83
Jul 25	1.99
Jul 25	1.93
Jun 25	1.59
Jun 25	1.48
Jun 25	1.48
Jun 25	1.56
May 25	1.64
May 25	1.64
May 25	1.51
May 25	1.58
May 25	1.74
Apr 25	1.45
Apr 25	0.65
Apr 25	0.57
Apr 25	0.58
Mar 25	0.59
Mar 25	0.63
Mar 25	0.65
Mar 25	0.65
Feb 25	0.7
Feb 25	0.75
Feb 25	0.65
Feb 25	0.71
Jan 25	0.68
Jan 25	0.68
Jan 25	0.67
Jan 25	0.59
Jan 25	0.7
Dec 24	0.72
Dec 24	0.78
Dec 24	0.78
Dec 24	0.57
Nov 24	0.64
Nov 24	0.64
Nov 24	0.65
Nov 24	0.69
Nov 24	0.74
Oct 24	0.74

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REF Holdings Limited

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