Termbray Industries International (Holdings) Limited (0093) AI Stock Analysis

• Market Cap: HK$1.12B
• Dividend Yield: N/A
• Average Volume (3M): 15.04K
• Price to Earnings (P/E): 35.9
• Beta (1Y): 0.10
• Revenue Growth: 37.85%
• EPS Growth: 134.00%
• Country: HK
• Employees: 112
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): <0.01
• Shares Outstanding: 2,667,643,000
• 10 Day Avg. Volume: 8,000
• 30 Day Avg. Volume: 15,038
• PEG Ratio: 0.49
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 6.32
• P/FCF Ratio: -6.70
• 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: 51 Neutral
• Price Target: HK$0.42 ▼(-4.09% Downside)

The score is primarily driven by mixed financial fundamentals: strong gross profitability and low leverage are outweighed by negative operating/free cash flows and declining revenue. Technicals are weak with the stock below major moving averages and negative MACD, and valuation is not compelling given the high P/E with no dividend yield data.

Positive Factors

High Gross Profitability

An 85% gross margin indicates material cost advantages or high-value services that structurally protect the business from input cost swings. This margin buffer supports long-term investment in growth and withstands margin pressure from competition over multiple quarters.

Conservative Capital Structure

Very low leverage reduces refinancing and solvency risk and preserves financial flexibility. Over the medium term this strengthens the firm's ability to fund capex, pursue strategic opportunities or absorb shocks without forcing dilutive or costly funding.

Stable Operating Efficiency

Moderate and stable EBIT/EBITDA margins point to disciplined cost control and repeatable operating processes. Sustained margin stability supports predictable cash flow conversion potential and competitiveness even if top-line growth softens.

Negative Factors

Negative Cash Flow Generation

Persistent negative operating and free cash flows undermine the firm's ability to self-fund capex, repay debt, or return capital. Over months this forces reliance on external financing, increases funding cost risk and constrains strategic investments.

Declining Revenue Trend

A year-over-year revenue decline signals pressure on demand or market share. If this persists, scale benefits erode, fixed-cost absorption weakens and management must either reinvest in growth initiatives or accept margin compression long term.

Low Return on Equity

ROE near 2.5% indicates limited effectiveness in converting equity into shareholder returns. Over time this constrains total shareholder value creation and may reflect low pricing power, reinvestment inefficiency, or an unattractive return profile for equity holders.

Termbray Industries International (Holdings) Limited Business Overview & Revenue Model

Company Description

Termbray Industries International (Holdings) Limited, an investment holding company, invests in, develops, and sells real estate properties in the People's Republic of China. The company's portfolio of properties includes residential units, commercial arcades, and car parks. It also engages in the money lending business. The company was incorporated in 1990 and is headquartered in Sheung Wan, Hong Kong.

How the Company Makes Money

Termbray Industries generates revenue through several key streams, primarily from the manufacturing and sale of electrical and electronic components. The company operates in both domestic and international markets, allowing it to tap into diverse customer bases. Additionally, it earns income from leasing investment properties, which contributes to its overall financial performance. Strategic partnerships with suppliers and distributors enhance its market reach and efficiency, while ongoing investments in product innovation and quality improvement help maintain competitive pricing and customer loyalty. Furthermore, the company's commitment to operational excellence and cost management ensures sustainable profit margins.

Termbray Industries International (Holdings) Limited Financial Statement Overview

Summary

Mixed fundamentals: strong gross margin (85.25%) and a conservative balance sheet (debt-to-equity 0.26), but weak cash generation with negative operating/free cash flow and softer top-line trend (revenue growth -2.93%).

Income Statement

The company shows a strong gross profit margin of 85.25% for 2024, indicating efficient cost management. However, the net profit margin is relatively low at 10.34%, and revenue growth has declined by 2.93% compared to the previous year, suggesting challenges in revenue generation. EBIT and EBITDA margins are moderate, reflecting stable operational efficiency.

Balance Sheet

The debt-to-equity ratio is low at 0.26, indicating a conservative capital structure with minimal leverage risk. Return on equity is modest at 2.48%, suggesting limited profitability from equity investments. The equity ratio is strong, reflecting a solid equity base relative to total assets.

Cash Flow

The company faces significant challenges in cash flow management, with negative operating and free cash flows. The free cash flow growth rate is positive, but the operating cash flow to net income ratio is negative, indicating cash flow issues despite accounting profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	375.60M	261.78M	196.61M	162.87M	112.44M	33.87M
Gross Profit	304.14M	223.16M	105.83M	162.87M	110.84M	30.08M
EBITDA	66.73M	53.38M	41.05M	38.27M	47.88M	11.64M
Net Income	37.44M	27.07M	12.14M	15.19M	21.27M	61.28M
Balance Sheet
Total Assets	1.47B	1.40B	1.26B	1.27B	1.33B	1.37B
Cash, Cash Equivalents and Short-Term Investments	157.90M	121.55M	101.17M	166.88M	181.10M	256.62M
Total Debt	320.79M	283.60M	1.50M	781.00K	40.86M	848.00K
Total Liabilities	352.16M	307.66M	184.20M	178.60M	211.70M	208.51M
Stockholders Equity	1.11B	1.09B	1.08B	1.09B	1.12B	1.16B
Cash Flow
Free Cash Flow	-228.90M	-246.87M	-65.50M	-5.32M	-80.94M	16.65M
Operating Cash Flow	-228.22M	-246.62M	-65.08M	-4.82M	-80.81M	16.66M
Investing Cash Flow	-3.33M	2.33M	1.29M	1.06M	1.55M	43.09M
Financing Cash Flow	277.40M	266.90M	-1.00M	-856.00K	1.05M	-774.00K

Termbray Industries International (Holdings) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0093, the sentiment is Negative. The current price of 0.44 is below the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.48, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.08 is Neutral, neither overbought nor oversold. The STOCH value of 35.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0093.

Termbray Industries International (Holdings) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
0158	55 Neutral	HK$1.55B	-2.42	-9.50%	5.48%	-3.49%	-309.61%
0093	51 Neutral	HK$1.12B	35.90	2.84%	―	37.85%	134.00%
0105	49 Neutral	HK$1.88B	-8.60	-3.07%	10.10%	-2.39%	61.81%
0108	42 Neutral	HK$7.37B	-7.99	-44.97%	―	-16.28%	-444.68%