Cross-Harbour (Holdings) (0032) AI Stock Analysis

• Market Cap: HK$3.03B
• Dividend Yield: 5.19%
• Average Volume (3M): 9.51K
• Price to Earnings (P/E): 4.2
• Beta (1Y): <0.01
• Revenue Growth: 3.11%
• EPS Growth: 116.07%
• Country: HK
• Employees: 682
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): N/A
• Shares Outstanding: 372,688,200
• 10 Day Avg. Volume: 9,292
• 30 Day Avg. Volume: 9,511
• PEG Ratio: -0.35
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 2.04
• P/FCF Ratio: 52.64
• 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: 72 Outperform
• Price Target: HK$9.50 ▲(16.00% Upside)

Cross-Harbour (Holdings) benefits from strong financial performance and attractive valuation, which are the most significant factors in its score. However, the decline in operating cash flow and neutral technical indicators slightly dampen the overall score.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective business strategies, enhancing long-term profitability and market position.

Balance Sheet Strength

A strong balance sheet with low leverage and high equity ratio provides financial stability, enabling strategic investments and resilience against economic downturns.

Operational Efficiency

High profit margins reflect effective cost control and operational efficiency, supporting sustainable profitability and competitive advantage in the long term.

Negative Factors

Decline in Cash Flow

A significant decline in operating cash flow poses liquidity risks and may limit the company's ability to fund operations and investments without external financing.

Decreased Net Profit Margin

A declining net profit margin indicates reduced profitability, which could impact future earnings potential and shareholder returns if not addressed.

Reduced Return on Equity

A declining ROE suggests less efficient use of equity capital, potentially affecting investor confidence and the company's ability to attract new investments.

Cross-Harbour (Holdings) Business Overview & Revenue Model

Company Description

The Cross-Harbour (Holdings) Limited, an investment holding company, engages in motoring school operation, treasury management, securities investment, tunnel operation, and electronic toll collection businesses in Hong Kong. The company operates through Motoring School Operations, Tunnel Operations, Electronic Toll Operations, and Treasury Management segments. It also operates driver training centers; provides telematics services, and intelligent transportation and surveillance system solutions; and manages an investment portfolio, including unlisted funds, equity and debt securities, and bank deposits and cash. In addition, the company offers consultancy and money lending services; and holds properties. It has a fleet of approximately 580 training vehicles, including private cars, light goods vehicles, medium goods vehicles, motorcycles, buses, skid cars, skid bikes, and articulated vehicles. The company was formerly known as The Cross-Harbour Tunnel Company, Limited and changed its name to The Cross-Harbour (Holdings) Limited in May 2000. The Cross-Harbour (Holdings) Limited was incorporated in 1965 and is based in Wan Chai, Hong Kong.

How the Company Makes Money

Cross-Harbour (Holdings) generates revenue through several key streams, primarily from its property development and management activities, which involve the sale and leasing of residential and commercial properties. The company also earns income from its involvement in infrastructure projects, particularly through toll revenues from its tunnel operations. Strategic partnerships with public and private entities enhance its project portfolio and open up additional revenue opportunities. Furthermore, the company may benefit from government contracts and investments in infrastructure to support urban development, contributing to its overall financial performance.

Cross-Harbour (Holdings) Financial Statement Overview

Summary

Cross-Harbour (Holdings) shows strong revenue growth and operational efficiency with a solid balance sheet. However, a significant decline in operating cash flow poses a risk to liquidity, which affects the overall financial performance score.

Income Statement

Cross-Harbour (Holdings) demonstrated robust growth in its income statement metrics, with a significant increase in total revenue from HK$875.16 million in 2023 to HK$1,225.33 million in 2024, translating to a revenue growth rate of 39.99%. The gross profit margin for 2024 was 71.37%, indicating strong cost management. However, the net profit margin decreased to 35.46% from 59.40% in 2023 due to a lower net income. The EBIT and EBITDA margins were commendable at 46.90% and 48.01%, respectively, showing operational efficiency.

Balance Sheet

The balance sheet of Cross-Harbour (Holdings) reflects financial stability with a low debt-to-equity ratio of 0.04 in 2024 and an equity ratio of 87.19%, denoting strong equity financing. The return on equity (ROE) was 5.80%, a decline from 7.20% in the previous year, highlighting a reduction in profitability relative to equity. The company's ample cash reserves further bolster its financial position.

Cash Flow

The cash flow analysis shows a mixed performance with a substantial decline in operating cash flow from HK$903.30 million in 2023 to HK$64.35 million in 2024. This led to a reduction in free cash flow to HK$47.51 million. The free cash flow to net income ratio was 0.11, reflecting limited cash generation relative to net income. However, the capital structure remains robust with negative net debt, indicating strong liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.46B	1.23B	875.16M	702.16M	699.67M	760.52M
Gross Profit	1.11B	874.42M	564.79M	456.70M	470.89M	550.61M
EBITDA	843.38M	686.68M	478.76M	-504.43M	-399.24M	468.97M
Net Income	718.40M	434.51M	519.97M	-445.25M	-49.24M	725.24M
Balance Sheet
Total Assets	8.90B	8.60B	8.52B	7.84B	8.37B	10.17B
Cash, Cash Equivalents and Short-Term Investments	4.05B	4.00B	3.76B	3.57B	4.15B	4.43B
Total Debt	249.10M	297.93M	348.86M	27.49M	97.67M	120.21M
Total Liabilities	767.80M	913.06M	1.10B	796.54M	829.92M	866.90M
Stockholders Equity	7.91B	7.49B	7.22B	6.86B	7.34B	9.11B
Cash Flow
Free Cash Flow	187.93M	47.51M	877.32M	826.10M	888.24M	1.06B
Operating Cash Flow	208.34M	64.35M	903.30M	836.16M	914.48M	1.08B
Investing Cash Flow	-119.48M	348.15M	-182.02M	-989.80M	441.60M	422.73M
Financing Cash Flow	-376.45M	-389.12M	-239.59M	-276.53M	-228.71M	-226.50M

Cross-Harbour (Holdings) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0032, the sentiment is Negative. The current price of 8.19 is above the 20-day moving average (MA) of 8.12, above the 50-day MA of 8.16, and above the 200-day MA of 8.15, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.89 is Neutral, neither overbought nor oversold. The STOCH value of 58.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0032.

Cross-Harbour (Holdings) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0066	76 Outperform	HK$215.05B	12.32	9.59%	4.35%	-0.99%	80.58%
0032	72 Outperform	HK$3.03B	4.21	9.22%	5.19%	3.11%	116.07%
0101	71 Outperform	HK$47.73B	25.71	1.52%	5.92%	-9.76%	-28.29%
0011	68 Neutral	HK$288.99B	20.23	9.20%	4.61%	4.44%	-15.39%
0083	67 Neutral	HK$111.73B	26.05	2.41%	5.62%	-0.48%	-13.78%
0001	64 Neutral	HK$242.25B	31.32	1.42%	4.02%	1.93%	-65.62%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Cross-Harbour (Holdings) Corporate Events

Cross-Harbour (Holdings) Declares Third Quarterly Dividend for 2025

Cross-Harbour (Holdings) Limited has announced a third quarterly interim dividend of HK$0.06 per share for the year ending December 31, 2025, maintaining the same dividend rate as the previous year. The dividend will be payable on December 24, 2025, with the book closure period set from December 16 to December 18, 2025, during which no share transfers will be registered. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:0032) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Cross-Harbour (Holdings) stock, see the HK:0032 Stock Forecast page.

Cross-Harbour Announces Third Quarterly Interim Dividend

Cross-Harbour (Holdings) Limited has announced a third quarterly interim cash dividend of HKD 0.06 per share for the financial year ending December 31, 2025. The ex-dividend date is set for December 12, 2025, with the payment date scheduled for December 24, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders, potentially enhancing investor confidence and maintaining its competitive position in the market.

The most recent analyst rating on (HK:0032) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Cross-Harbour (Holdings) stock, see the HK:0032 Stock Forecast page.

Cross-Harbour (Holdings) Schedules Board Meeting to Discuss Interim Dividend

Cross-Harbour (Holdings) Limited has announced that its board of directors will meet on December 1, 2025, to discuss the declaration of a third quarterly interim dividend for the year 2025. This meeting could potentially impact the company’s financial distribution strategy and provide insights into its fiscal health, affecting shareholder returns and market perception.

The most recent analyst rating on (HK:0032) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Cross-Harbour (Holdings) stock, see the HK:0032 Stock Forecast page.