Graphex Group ADR (GRFXY) AI Stock Analysis

• Market Cap: $7.22M
• Dividend Yield: N/A
• Average Volume (3M): 1.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: -26.79%
• EPS Growth: 47.67%
• Country: US
• Employees: 489
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.16
• Shares Outstanding: 47,065,666
• 10 Day Avg. Volume: 1,650
• 30 Day Avg. Volume: 1,750
• PEG Ratio: -0.02
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 3.61
• P/FCF Ratio: -124.19
• Enterprise Value/Market Cap: 37.08
• Enterprise Value/Revenue: 1.57
• Enterprise Value/Gross Profit: 4.08
• Enterprise Value/Ebitda: -8.11
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.05
• Revenue Forecast (FY): $24.78M

• Rating: 41 Neutral
• Price Target: $0.73 ▲(33.27% Upside)
• Action: Reiterated Date: 12/09/25
• Date: Action: Reiterated 12/09/25

Graphex Group ADR's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis further indicates bearish momentum, with the stock trading below key moving averages and nearing oversold conditions. The lack of profitability and absence of a dividend yield make the stock less attractive to investors.

Positive Factors

Exposure to EV and energy storage demand

Graphex’s core product set targets lithium-ion battery anodes and EV/energy storage supply chains. These end markets feature multi-year structural growth driven by electrification and renewables, providing durable demand for high-purity graphite and supporting long-term revenue opportunity as adoption expands.

Large capacity expansion (15,000 tpa anode material)

Installing a carbon coating line to deliver 15,000 tonnes p.a. materially increases production scale and vertical capability. As capacity comes online (targeted before end of Q2 2026), the company can better meet domestic battery maker demand, realize scale economics, and improve long-term margin sustainability if utilization rises.

Positive free cash flow growth signal

Despite operating cash flow weakness, reported positive FCF growth and an FCF-to-net-income ratio above one indicate some ability to generate cash after capex. This suggests structural potential to fund operations or deleverage over time as production scales and capital investments convert to higher recurring cash generation.

Negative Factors

Declining revenues and negative margins

Revenue contraction and persistent negative operating and net margins reflect structural challenges in achieving scale or pricing power. Sustained top-line decline reduces ability to cover fixed costs, limits reinvestment capacity, and makes margin recovery harder even after capacity additions, pressuring long-term profitability.

Negative operating cash flow

Operating cash flow deficits show the business struggles to convert reported results into cash. This creates durable liquidity risk when investing in new capacity or navigating slower sales, increasing reliance on external financing or asset disposals and constraining the firm's financial flexibility over coming quarters.

Governance and strategic uncertainty from potential disposal

A potential material disposal of the U.S. technology arm and delays in related shareholder materials create structural uncertainty about future assets and strategy. Concurrent board non-compliance after a director's death raises governance and oversight risks, which can hinder timely strategic execution and investor confidence.

Graphex Group ADR Business Overview & Revenue Model

Company Description

Graphex Group Limited engages in the development, manufacturing, and marketing of graphene products in the People's Republic of China. The company operates through three segments: Manufacturing and Sale of Graphene Products; Landscape Design; and Catering. It provides natural spherical graphite to produce anodes for Li-ion batteries used in electric vehicles; high purity graphite for use in refractory materials and advanced coatings, and other products; and synthetic graphite. The company also offers landscape architecture services and activities. In addition, it provides catering and interior design and landscape architecture services; and invests in food industry; and focuses on the operation of restaurants. The company was formerly known as Earthasia International Holdings Limited and changed its name to Graphex Group Limited in April 2021. Graphex Group Limited was founded in 1981 and is headquartered in Causeway Bay, Hong Kong.

How the Company Makes Money

Graphex Group generates revenue through the sale of its advanced graphite products, which are primarily used in lithium-ion batteries for electric vehicles and energy storage systems. The company's revenue model is built on direct sales to manufacturers in the automotive and energy sectors, as well as partnerships with key industry players. Significant revenue streams include the supply of high-purity natural graphite, as well as value-added services such as product customization and technical support. The growth of the electric vehicle market and the increasing demand for efficient energy storage solutions are major factors contributing to Graphex Group's earnings, alongside ongoing collaborations with technology and manufacturing partners to enhance product offerings.

Graphex Group ADR Financial Statement Overview

Summary

Graphex Group ADR is facing significant financial challenges, with declining revenues and persistent losses impacting profitability. While the balance sheet shows some stability in terms of debt management, the company needs to focus on improving cash flow and profitability to ensure long-term sustainability.

Income Statement

Graphex Group ADR has faced declining revenues with a negative revenue growth rate of -19.86% in the latest year. The company is struggling with profitability, as indicated by negative net profit and EBIT margins. Despite a relatively stable gross profit margin, the overall income statement reflects challenges in achieving profitability and growth.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.84, which is an improvement from previous years. However, the return on equity remains negative, indicating challenges in generating returns for shareholders. The equity ratio suggests a stable capital structure, but the company needs to improve its profitability to enhance financial health.

Cash Flow

The cash flow statement reveals negative operating cash flow, although there is a positive free cash flow growth rate. The operating cash flow to net income ratio is negative, indicating inefficiencies in converting income into cash. The free cash flow to net income ratio is slightly above 1, suggesting some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	170.94M	187.85M	291.93M	341.24M	391.04M	388.85M
Gross Profit	65.73M	68.31M	96.82M	119.96M	148.34M	157.02M
EBITDA	-33.03M	-102.16M	-90.53M	29.86M	16.56M	16.82M
Net Income	-81.97M	-111.44M	-113.17M	-69.66M	-53.55M	-91.70M
Balance Sheet
Total Assets	891.29M	809.35M	847.34M	894.68M	1.10B	1.10B
Cash, Cash Equivalents and Short-Term Investments	10.66M	15.47M	27.21M	31.50M	31.46M	43.92M
Total Debt	222.02M	235.98M	233.16M	308.80M	530.91M	620.03M
Total Liabilities	511.98M	528.99M	477.70M	524.83M	905.89M	935.71M
Stockholders Equity	379.27M	280.36M	369.69M	380.58M	197.31M	171.52M
Cash Flow
Free Cash Flow	-4.69M	-5.46M	-11.89M	41.56M	-31.15M	-12.06M
Operating Cash Flow	-4.57M	-5.31M	-11.16M	42.38M	-29.40M	3.23M
Investing Cash Flow	7.77M	-6.62M	12.12M	-88.82M	1.33M	-12.23M
Financing Cash Flow	1.98M	397.00K	-4.26M	52.38M	18.59M	-7.35M

Graphex Group ADR Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRFXY, the sentiment is Negative. The current price of 0.55 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.48, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 23.71 is Positive, neither overbought nor oversold. The STOCH value of 3.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GRFXY.

Graphex Group ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ABAT	54 Neutral	$491.28M	-9.25	-43.52%	―	821.40%	44.70%
WWR	52 Neutral	$102.65M	-3.47	-14.20%	―	―	-80.01%
IPX	49 Neutral	$1.65B	-42.22	-49.09%	―	―	-18.77%
GRFXY	41 Neutral	$7.22M	-0.28	-23.26%	―	-26.79%	47.67%

Graphex Group ADR Corporate Events

Graphex Group Seeks Shareholder Approval for Potential Disposal of U.S. Subsidiary Graphex Technologies

On February 2, 2026, Graphex Group Limited filed a Form 6-K and circulated a shareholder circular detailing an Option Purchase Agreement dated December 1, 2025, under which its wholly owned subsidiary Happy Growth Group Limited may grant a purchaser the option to acquire all equity interests in Graphex Technologies LLC, the group’s indirect wholly owned Delaware subsidiary, in exchange for shares of the purchaser’s common stock quoted on the OTCQB. The company has called an extraordinary general meeting for March 20, 2026, in Hong Kong to seek shareholder approval for the agreement, a related mandate, and the potential disposal, which, if the option is exercised and definitive agreements are concluded, would amount to a material asset disposition and could significantly reshape Graphex’s group structure and exposure to its U.S. technology arm, though there is no assurance the transaction will ultimately proceed.

The most recent analyst rating on (GRFXY) stock is a Sell with a $0.72 price target. To see the full list of analyst forecasts on Graphex Group ADR stock, see the GRFXY Stock Forecast page.

Graphex Group Further Delays Circular on Major Subsidiary Disposal to February 2026

On January 20, 2026, Graphex Group Limited reported that, under Hong Kong Stock Exchange requirements, it has issued an announcement dated January 16, 2026 confirming a further delay in sending a shareholder circular relating to an Option Purchase Agreement, a proposed mandate, and a possible very substantial disposal involving the sale of an indirect wholly owned subsidiary. The circular, originally targeted for dispatch on or before January 16, 2026 following an earlier delay flagged on December 22, 2025, is now expected to be sent on or before February 13, 2026, extending the timetable for shareholder review and approval of the contemplated disposal and associated corporate actions.

The most recent analyst rating on (GRFXY) stock is a Sell with a $0.56 price target. To see the full list of analyst forecasts on Graphex Group ADR stock, see the GRFXY Stock Forecast page.

Graphex Group Announces Director’s Passing and Moves to Restore Board Compliance

Graphex Group Limited announced that independent non-executive director Ms. Tam Ip Fong Sin, who also chaired the nomination and remuneration committees and sat on the audit committee, passed away on 10 January 2026 after serving on the board since June 2014. Effective 14 January 2026, the board appointed independent non-executive director Mr. Liu Kwong Sang as chairman of both the nomination and remuneration committees. Following Ms. Tam’s passing, the company’s board composition no longer meets several Hong Kong Listing Rules requirements, including minimum numbers of independent non-executive directors and audit committee members, as well as gender diversity on the board. Graphex said it will seek suitable candidates and restore full compliance within three months of the non-compliance date, and noted that its operating activities continue as normal and are not adversely affected by these governance changes.

The most recent analyst rating on (GRFXY) stock is a Sell with a $0.56 price target. To see the full list of analyst forecasts on Graphex Group ADR stock, see the GRFXY Stock Forecast page.

Graphex Group Advances Lithium-Ion Battery Production with New Equipment Purchase

On November 11, 2025, Graphex Group Limited announced an equipment purchase agreement for an intelligent carbon coating processing line, valued at approximately HK$46,270,384, to be installed in their new facility in Xuancheng Industrial Zone, Anhui, PRC. This facility aims to produce 15,000 metric tons of high-quality natural graphite anode material for the domestic lithium-ion battery market, with production expected to commence before the end of the second quarter in 2026. The move aligns with China’s 15th Five-Year Plan, which emphasizes the growth of the renewable energy sector and supports the burgeoning lithium-ion battery industry, driven by the expansion of electric vehicles and renewable energy storage.

The most recent analyst rating on (GRFXY) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Graphex Group ADR stock, see the GRFXY Stock Forecast page.