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Crocodile

0122.HK

HKSEConsumer CyclicalApparel - Manufacturers

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Latest quote

HK$1.46

−HK$0.01 · -0.68%

Aug 21, 10:14 AM HKT

0122.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Crocodile Garments Limited, together with its subsidiaries, engages in the sale of garments and other related accessories businesses in Hong Kong, Macau, and Mainland China. It operates through three segments: Garment and Related Accessories Business; Property Investment and Letting Business; and Treasury Management. The company provides menswear, ladies wear, children's clothing, ties, and underwear under the Crocodile brand name through online shop and other e-commerce platforms. It is also involved in the property investment and letting, trading of garments, and treasury management activities. Crocodile Garments Limited was incorporated in 1961 is based in Kwun Tong, Hong Kong. Crocodile Garments Limited operates as a subsidiary of Honorman Limited.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Wai Shan Lam
Listed since
Jan 10, 2000
Employees
94

Market position

Day range

Current HK$1.46

52-week range

Current HK$1.46

Open
HK$1.45
Previous close
HK$1.47
Volume
6K
0.4× average
Average volume
14.97K
Average daily volume
Market cap
151.14M HKD
Beta
-0.33
Market reference 1
50-day average
HK$1.4392
+1.45% above average
200-day average
HK$1.4611
-0.08% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
723.87M HKD
P/E (TTM)
-1.02×
P/B (TTM)
0.08×
P/S (TTM)
1.64×
EV / EBITDA
43.29×
Earnings yield
-38.05%
Free cash flow yield
-54.77%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
79.18%
Operating margin
-19.44%
Net margin
-117.03%
Return on equity
-3.80%
Return on assets
-2.49%
Return on invested capital
-1.02%

Financial health

Debt / equity
0.5×
Current ratio
1.17×
Altman Z-score
0.69
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends105%21%-63%-146%Gross margin, FY2021: 72.71%Gross margin, FY2022: 72.47%Gross margin, FY2023: 83.83%Gross margin, FY2024: 80.30%Gross margin, FY2025: 72.64%Operating margin, FY2021: -5.28%Operating margin, FY2022: -27.71%Operating margin, FY2023: -25.31%Operating margin, FY2024: -22.19%Operating margin, FY2025: -15.75%Net margin, FY2021: -1.73%Net margin, FY2022: -75.89%Net margin, FY2023: -125.22%Net margin, FY2024: -35.50%Net margin, FY2025: -38.89%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 72.71%. Gross margin FY2022 72.47%. Gross margin FY2023 83.83%. Gross margin FY2024 80.30%. Gross margin FY2025 72.64%. Operating margin FY2021 -5.28%. Operating margin FY2022 -27.71%. Operating margin FY2023 -25.31%. Operating margin FY2024 -22.19%. Operating margin FY2025 -15.75%. Net margin FY2021 -1.73%. Net margin FY2022 -75.89%. Net margin FY2023 -125.22%. Net margin FY2024 -35.50%. Net margin FY2025 -38.89%.

Income trends

Revenue

138.32M HKD+45.09%

Operating income

−21.78M HKD-3.00%

Net income

−53.8M HKD-58.98%
Income trends across reported periods163.03M HKD64.19M HKD−34.66M HKD−133.5M HKDRevenue, FY2021: 112M HKDRevenue, FY2022: 103.29M HKDRevenue, FY2023: 86.88M HKDRevenue, FY2024: 95.33M HKDRevenue, FY2025: 138.32M HKDOperating income, FY2021: −5.91M HKDOperating income, FY2022: −28.62M HKDOperating income, FY2023: −21.98M HKDOperating income, FY2024: −21.15M HKDOperating income, FY2025: −21.78M HKDNet income, FY2021: −1.93M HKDNet income, FY2022: −78.39M HKDNet income, FY2023: −108.79M HKDNet income, FY2024: −33.84M HKDNet income, FY2025: −53.8M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 112M HKD. Revenue FY2022 103.29M HKD. Revenue FY2023 86.88M HKD. Revenue FY2024 95.33M HKD. Revenue FY2025 138.32M HKD. Operating income FY2021 −5.91M HKD. Operating income FY2022 −28.62M HKD. Operating income FY2023 −21.98M HKD. Operating income FY2024 −21.15M HKD. Operating income FY2025 −21.78M HKD. Net income FY2021 −1.93M HKD. Net income FY2022 −78.39M HKD. Net income FY2023 −108.79M HKD. Net income FY2024 −33.84M HKD. Net income FY2025 −53.8M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue138.32M HKD95.33M HKD86.88M HKD103.29M HKD112M HKD
Cost of goods sold37.84M HKD18.78M HKD14.04M HKD28.44M HKD30.56M HKD
Gross profit100.48M HKD76.55M HKD72.83M HKD74.85M HKD81.44M HKD
Selling, general, and administrative122.26M HKD99.2M HKD94.82M HKD96.14M HKD92.05M HKD
Operating expenses122.26M HKD99.2M HKD94.82M HKD103.47M HKD83.34M HKD
Interest income7.62M HKD6.62M HKD7.07M HKD1.1M HKD1.3M HKD
Interest expense56.83M HKD44.52M HKD36.55M HKD11.1M HKD11.53M HKD
Depreciation and amortization21.73M HKD3.7M HKD14.89M HKD12.22M HKD10.69M HKD
Operating income−21.78M HKD−21.15M HKD−21.98M HKD−28.62M HKD−5.91M HKD
Net income−53.8M HKD−33.84M HKD−108.79M HKD−78.39M HKD−1.93M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-1.27

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.11-0.38-0.88-1.37Q3 '8Q1 '23Q4 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2008, reported Jul 31, 2008: actual 0.011, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual -0.067, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 26, 2023: actual -0.02, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -0.01, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 25, 2024: actual -0.014, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual -0.39, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 23, 2025: actual -0.16, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual -1.27, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates239.64M171.66M103.68M35.7MQ3 '8Q1 '23Q4 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2008, reported Jul 31, 2008: actual 225M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual 42M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 26, 2023: actual 44.88M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 48.92M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 25, 2024: actual 46.41M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 88.86M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 23, 2025: actual 49.46M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual 42.82M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Nov 11, 2024

1:20

Stock split

Effective Oct 27, 2022

6:5

Stock split

Effective May 29, 2012

3:2

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