Chevalier International Holdings Limited (0025) AI Stock Analysis

• Market Cap: HK$1.26B
• Dividend Yield: 3.8%
• Average Volume (3M): 12.10K
• Price to Earnings (P/E): 1.3
• Beta (1Y): 0.20
• Revenue Growth: 10.38%
• EPS Growth: 7.39%
• Country: HK
• Employees: 3,600
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 0.77
• Shares Outstanding: 301,268,430
• 10 Day Avg. Volume: 16,581
• 30 Day Avg. Volume: 12,095
• PEG Ratio: -0.09
• Price to Book (P/B): 0.13
• Price to Sales (P/S): 0.13
• P/FCF Ratio: -2.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$4.00 ▼(-3.61% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

Chevalier International Holdings Limited's overall stock score is primarily impacted by its financial performance challenges, including declining profitability and cash flow issues. The technical analysis presents a neutral outlook, while the valuation is concerning due to a negative P/E ratio, despite a relatively high dividend yield. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Sustained top-line growth of ~11.6% indicates underlying demand across its property and contracting segments. Over the next 2-6 months this revenue momentum can help absorb fixed costs, support backlog conversion and provide a base for margin recovery if project execution and pricing are maintained.

Manageable Leverage

A debt-to-equity ratio near 0.5 signals moderate leverage and financial flexibility relative to peers. This conservative capital structure reduces immediate refinancing risk, allows room to fund development or contracting working capital needs, and supports resilience through property cycles over the medium term.

Free Cash Flow Improvement

Positive FCF growth and a FCF-to-net-income ratio above 1.0 indicate improved cash conversion versus prior periods. Over months this supports funding of maintenance capex, project commitments and reduces reliance on new financing, helping stabilize operations while management works to restore operating cash flow.

Negative Factors

Negative Profitability

A negative net profit margin shows the group is not generating operating profits after costs and non-operating items. Persisting losses erode equity, limit retained earnings for reinvestment, and undermine investor returns unless structural cost or revenue improvements materialize within the medium term.

Operating Cash Flow Deficit

Negative operating cash flow points to cash being consumed by core operations, increasing dependence on financing or asset monetization. This constraint can impair the firm's ability to fund ongoing construction projects, meet supplier terms, and invest in development without tapping external liquidity sources.

Margin Compression

Falling gross and operating margins reflect pressure from higher input costs, lower pricing power or project inefficiencies. Continued margin compression reduces earnings resilience to cyclical downturns and makes profitable project bidding harder, threatening medium-term recovery unless operational controls or pricing adjustments occur.

Chevalier International Holdings Limited Business Overview & Revenue Model

Company Description

Chevalier International Holdings Limited engages in the construction and engineering, property investment and development, healthcare investment, car dealership, and other businesses. The company's Construction and Engineering segment offers construction and engineering work for aluminum window and curtain walls, building construction, building supplies, civil engineering, and lifts and escalators, as well as electrical and mechanical, and environmental engineering. Its Property Investment segment engages in the rental of properties. The company's Property Development and Operations segment engages in the property development and management, cold storage, logistics, and hotel operations. Its Healthcare Investment segment is involved in the senior housing and medical office building investment. The company's Car Dealership segment retails, trades in, and services motor vehicles. Its Others segment engages in the sale and service of information technology equipment and business machines; food trading business; investment in securities; operation of restaurants and bars; and general insurance business. The company also engages in the sale and servicing of automobiles; supply and installation of building materials; grocery trading; building construction and maintenance; installation of electrical and mechanical equipment; insurance brokerage and underwriting; trading and servicing of computers and business machines; and installation of air-conditioning systems. In addition, it trades in telecommunication equipment, lifts, escalators, electrical and mechanical equipment, and motor vehicles; and provides management, corporate and project management, network systems and solution, security, property management consultation, maintenance, and general construction services. The company operates in Hong Kong, Mainland China, Macau, Australia, Canada, Singapore, the United States, Thailand, and internationally. The company was founded in 1970 and is based in Kowloon Bay, Hong Kong.

How the Company Makes Money

Chevalier International Holdings Limited primarily generates revenue through (1) property-related activities and (2) contracting/engineering and related service activities. 1) Property investment and development - Property development sales: The company develops real estate projects and earns revenue when completed units/projects are sold and recognized as property sales. - Rental and property-related income: For investment properties, the company earns recurring income from leasing/tenancy arrangements (e.g., office/retail/other properties, where applicable) and may also earn ancillary property income (e.g., property-related services tied to leasing) when disclosed as such. - Revaluation/other property gains: If the company reports fair-value movements or disposal gains on investment properties, these can contribute to profit, though they are typically non-operating and may be volatile. Specific amounts are not provided here. 2) Construction, engineering, and building-related services - Contracting revenue: The company undertakes construction and engineering projects and earns revenue based on contract terms (commonly progress-based recognition for long-term projects, depending on accounting policy). Profitability depends on contract margins, project execution, cost control, and claims/variations. - Building services/installation and maintenance: Where the group provides building services (e.g., mechanical/electrical, systems installation, or ongoing maintenance/service contracts), it earns revenue from installation work and recurring fees from maintenance and servicing. Key factors that typically drive earnings (specific details not provided): - Project pipeline and timing: Property development profits and contracting revenue can be sensitive to the timing of project completions, handovers, and contract milestones. - Market conditions: Property prices, occupancy levels, and construction input costs can materially impact revenue and margins. - Customer mix and tender wins: Winning major public- or private-sector projects and maintaining long-term customer relationships can support revenue continuity. Significant partnerships: null

Chevalier International Holdings Limited Financial Statement Overview

Summary

Chevalier International Holdings Limited faces several financial challenges. Despite a positive revenue growth rate of 11.59%, profitability metrics have declined with a negative net profit margin of -5.11%. The balance sheet shows manageable debt but a concerning negative return on equity of -5.16%. Cash flow issues persist with negative operating cash flow, although free cash flow growth is positive at 22.19%.

Income Statement

Chevalier International Holdings Limited has shown a mixed performance in its income statement. The company experienced a revenue growth rate of 11.59% in the latest year, indicating a positive trend. However, the gross profit margin has decreased to 6.90% from 10.43% the previous year, and the net profit margin is negative at -5.11%, reflecting challenges in maintaining profitability. The EBIT and EBITDA margins have also declined, suggesting operational inefficiencies.

Balance Sheet

The balance sheet of Chevalier International Holdings Limited shows a moderate financial position. The debt-to-equity ratio stands at 0.50, indicating a manageable level of leverage. However, the return on equity is negative at -5.16%, highlighting concerns about the company's ability to generate returns for shareholders. The equity ratio is not explicitly calculated, but the company's equity appears stable relative to its total assets.

Cash Flow

The cash flow statement reveals some challenges for Chevalier International Holdings Limited. The operating cash flow is negative, and the free cash flow growth rate is positive at 22.19%, but this follows a previous year of negative growth. The operating cash flow to net income ratio is negative, indicating cash flow issues relative to earnings. The free cash flow to net income ratio is positive at 1.30, suggesting some ability to cover net income with free cash flow.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	9.16B	9.27B	8.20B	7.10B	8.63B	7.35B
Gross Profit	664.99M	638.99M	854.70M	811.33M	1.04B	884.34M
EBITDA	275.50M	93.03M	252.89M	672.26M	1.15B	1.08B
Net Income	-322.75M	-473.09M	-370.39M	257.57M	644.52M	640.55M
Balance Sheet
Total Assets	19.66B	20.15B	20.36B	20.32B	20.21B	18.61B
Cash, Cash Equivalents and Short-Term Investments	3.59B	3.42B	3.62B	3.16B	3.01B	2.96B
Total Debt	4.02B	4.63B	4.55B	3.98B	4.13B	3.58B
Total Liabilities	9.68B	10.48B	10.02B	9.33B	8.99B	8.04B
Stockholders Equity	9.49B	9.17B	9.78B	10.39B	10.59B	9.93B
Cash Flow
Free Cash Flow	331.08M	-480.18M	-365.25M	-171.85M	37.14M	109.97M
Operating Cash Flow	437.45M	-370.63M	-245.80M	-7.06M	342.54M	317.44M
Investing Cash Flow	274.55M	-65.41M	239.06M	-276.31M	-772.36M	-265.94M
Financing Cash Flow	-849.66M	-56.32M	374.51M	-158.74M	351.63M	-344.84M

Chevalier International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.15
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0025, the sentiment is Neutral. The current price of 4.15 is below the 20-day moving average (MA) of 4.25, below the 50-day MA of 4.22, and above the 200-day MA of 3.95, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.50 is Neutral, neither overbought nor oversold. The STOCH value of 8.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0025.

Chevalier International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0118	50 Neutral	HK$155.15M	26.19	0.53%	―	-9.32%	―
0132	50 Neutral	HK$340.75M	24.14	-4.32%	2.45%	-1.50%	-96.83%
0025	46 Neutral	HK$1.26B	1.27	-3.32%	3.80%	10.38%	7.39%
2322	45 Neutral	HK$446.48M	-6.11	-12.32%	―	-26.45%	33.00%
0202	41 Neutral	HK$729.44M	-16.14	0.60%	―	―	―

Chevalier International Holdings Limited Corporate Events

Chevalier International to Acquire Loans and Shares in Insignificant Subsidiary for HK$203.8 Million

Chevalier International Holdings Limited has agreed, through a wholly owned subsidiary, to acquire certain shareholder loans and shares in an existing subsidiary from a current 40% shareholder for a total consideration of HK$203.8 million. The consideration will be paid in five equal annual instalments starting in December 2026, with the parent company providing an unconditional and irrevocable guarantee for the payment obligations.

The transaction is classified as a discloseable transaction under Hong Kong listing rules because one of the applicable percentage ratios exceeds 5% but all remain below 25%, and it does not require shareholder approval. As the target subsidiary is considered insignificant in terms of assets, profits and revenue and the seller is not deemed a connected person, the deal is not treated as a connected transaction, signalling that the group is consolidating ownership in a minor subsidiary while keeping regulatory and governance requirements relatively light for stakeholders.

The most recent analyst rating on (HK:0025) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Chevalier International Holdings Limited stock, see the HK:0025 Stock Forecast page.

Chevalier International Sets Out Board and Committee Structure

Chevalier International Holdings Limited has announced the current composition of its board of directors, comprising four executive directors and four independent non-executive directors, reflecting a governance structure that separates management and oversight roles. The company has also detailed the membership and chairmanship of its key board committees—Audit, Remuneration and Nomination—clarifying which directors serve on each committee, a move that enhances transparency around corporate governance responsibilities and provides stakeholders with greater visibility into the group’s oversight and decision-making framework.

The most recent analyst rating on (HK:0025) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Chevalier International Holdings Limited stock, see the HK:0025 Stock Forecast page.