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Victory Securities (Holdings) Company Limited logo

Victory Securities (Holdings) Company Limited

8540.HK

HKSEFinancial ServicesFinancial - Capital Markets

Open in GoAI

Latest quote

HK$4.315

−HK$0.075 · -1.71%

Aug 24, 3:22 PM HKT

8540.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating from its Hong Kong base, Victory Securities (Holdings) Company Limited is an investment holding enterprise that delivers a wide array of financial provisions. The firm specializes in brokerage services for equities, futures, and insurance policies, in addition to managing placements and underwriting. Its expertise also extends to securities guidance, comprehensive asset management, financial consultation, and advisory services concerning investments and insurance. Founded in 2016, the company maintains its principal office in Hong Kong and functions as a subsidiary of Dr. TT Kou's Family Company Limited.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
HK
CEO
Pui Chuen Chan
Listed since
Jul 16, 2018
Employees
93

Market position

Day range

Current HK$4.315

52-week range

Current HK$4.315

Open
HK$4.33
Previous close
HK$4.39
Volume
278K
0.81× average
Average volume
341.71K
Average daily volume
Market cap
856.26M HKD
Beta
0.18
Market reference 1
50-day average
HK$4.3713
-1.29% below average
200-day average
HK$4.6025
-6.25% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
903.73M HKD
P/E (TTM)
11.84×
P/B (TTM)
3.6×
P/S (TTM)
4.05×
EV / EBITDA
12.44×
Earnings yield
6.66%
Free cash flow yield
15.85%
Dividend yield
1.04%

Profitability & efficiency

Gross margin
104.83%
Operating margin
13.32%
Net margin
33.04%
Return on equity
25.23%
Return on assets
11.71%
Return on invested capital
5.18%

Financial health

Debt / equity
0.4×
Current ratio
4.79×
Altman Z-score
3.82
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends107%47%-12%-72%Gross margin, FY2021: 91.62%Gross margin, FY2022: 92.13%Gross margin, FY2023: 87.46%Gross margin, FY2024: 91.08%Gross margin, FY2025: 69.29%Operating margin, FY2021: 20.97%Operating margin, FY2022: -40.33%Operating margin, FY2023: -56.90%Operating margin, FY2024: -3.64%Operating margin, FY2025: 13.32%Net margin, FY2021: 18.23%Net margin, FY2022: -37.04%Net margin, FY2023: -48.37%Net margin, FY2024: -4.60%Net margin, FY2025: 28.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 91.62%. Gross margin FY2022 92.13%. Gross margin FY2023 87.46%. Gross margin FY2024 91.08%. Gross margin FY2025 69.29%. Operating margin FY2021 20.97%. Operating margin FY2022 -40.33%. Operating margin FY2023 -56.90%. Operating margin FY2024 -3.64%. Operating margin FY2025 13.32%. Net margin FY2021 18.23%. Net margin FY2022 -37.04%. Net margin FY2023 -48.37%. Net margin FY2024 -4.60%. Net margin FY2025 28.52%.

Income trends

Revenue

211.64M HKD+210.25%

Operating income

28.19M HKD+30.68M HKD

Net income

60.36M HKD+63.5M HKD
Income trends across reported periods235.74M HKD139.34M HKD42.93M HKD−53.47M HKDRevenue, FY2021: 82.85M HKDRevenue, FY2022: 65.24M HKDRevenue, FY2023: 51.62M HKDRevenue, FY2024: 68.22M HKDRevenue, FY2025: 211.64M HKDOperating income, FY2021: 17.37M HKDOperating income, FY2022: −26.31M HKDOperating income, FY2023: −29.37M HKDOperating income, FY2024: −2.48M HKDOperating income, FY2025: 28.19M HKDNet income, FY2021: 15.11M HKDNet income, FY2022: −24.16M HKDNet income, FY2023: −24.97M HKDNet income, FY2024: −3.14M HKDNet income, FY2025: 60.36M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 82.85M HKD. Revenue FY2022 65.24M HKD. Revenue FY2023 51.62M HKD. Revenue FY2024 68.22M HKD. Revenue FY2025 211.64M HKD. Operating income FY2021 17.37M HKD. Operating income FY2022 −26.31M HKD. Operating income FY2023 −29.37M HKD. Operating income FY2024 −2.48M HKD. Operating income FY2025 28.19M HKD. Net income FY2021 15.11M HKD. Net income FY2022 −24.16M HKD. Net income FY2023 −24.97M HKD. Net income FY2024 −3.14M HKD. Net income FY2025 60.36M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue211.64M HKD68.22M HKD51.62M HKD65.24M HKD82.85M HKD
Cost of goods sold64.99M HKD6.09M HKD6.47M HKD5.13M HKD6.94M HKD
Gross profit146.65M HKD62.13M HKD45.15M HKD60.11M HKD75.91M HKD
Operating expenses118.45M HKD64.61M HKD74.52M HKD86.41M HKD58.54M HKD
Interest income30.69M HKD30.14M HKD25.91M HKD29.06M HKD35.01M HKD
Interest expense6.07M HKD6.09M HKD6.47M HKD5.13M HKD6.94M HKD
Depreciation and amortization4.17M HKD5.48M HKD5.22M HKD5.42M HKD4.74M HKD
Operating income28.19M HKD−2.48M HKD−29.37M HKD−26.31M HKD17.37M HKD
Net income60.36M HKD−3.14M HKD−24.97M HKD−24.16M HKD15.11M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.11

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.150.080-0.07Q2 '23Q3 '23Q4 '23Q1 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q2 2023, reported May 4, 2023: actual -0.003, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 3, 2023: actual -0.018, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 2, 2023: actual -0.034, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 14, 2024: actual -0.015, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual -0.015, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 1, 2024: actual 0.007, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 0.11, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 0.11, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates64.61M46.4M28.2M9.99MQ2 '23Q3 '23Q4 '23Q1 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q2 2023, reported May 4, 2023: actual 16.16M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 3, 2023: actual 11.75M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 2, 2023: actual 12.03M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 14, 2024: actual 13.36M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 13.36M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 1, 2024: actual 21.08M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 60.7M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 60.7M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.033

2025 complete year+10.0% since 2021

2026 partial: HK$0.03

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 10, 2026

HK$0.03

Semi-Annual

Record Jun 11, 2026 · Payment Jul 2, 2026

Dividend

Ex-dividend Aug 21, 2025

HK$0.015

Semi-Annual

Record Aug 25, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend Jun 11, 2025

HK$0.018

Semi-Annual

Record Jun 13, 2025 · Payment Jul 3, 2025

Dividend

Ex-dividend Aug 22, 2024

HK$0.001

Semi-Annual

Record Aug 26, 2024 · Payment Sep 13, 2024

Dividend

Ex-dividend Jun 5, 2024

HK$0.005

Semi-Annual

Record Jun 6, 2024 · Payment Jun 26, 2024

Dividend

Ex-dividend Aug 17, 2023

HK$0.008

Semi-Annual

Record Aug 18, 2023 · Payment Sep 8, 2023

8540.HK peers

Industrial and Commercial Bank of China Limited logo

1398.HK

Industrial and Commercial Bank of China Limited

HK$7.47

-0.07%

HSBC Holdings plc logo

0005.HK

HSBC Holdings plc

HK$161.2

-1.04%

Bank of China Limited logo

3988.HK

Bank of China Limited

HK$5.485

-0.36%

China Construction Bank Corporation logo

0939.HK

China Construction Bank Corporation

HK$9.175

-0.76%

Agricultural Bank of China Limited logo

1288.HK

Agricultural Bank of China Limited

HK$6.235

-0.72%

China Life Insurance Company Limited logo

2628.HK

China Life Insurance Company Limited

HK$28.64

+2.07%

ETFs holding 8540.HK

Funds reporting this stock among their holdings, ordered by reported position size.

iShares International Small-Cap Equity Factor ETF logoiShares International Small-Cap Equity Factor ETFISCF
Market value
159.55K
Weight
0.02%
AUM
684.58M USD
Expense ratio
0.24%
Price / 1D
$46.03+0.81%

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