Greenheart Group (0094) AI Stock Analysis

• Market Cap: HK$161.38M
• Dividend Yield: N/A
• Average Volume (3M): 3.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: -42.99%
• EPS Growth: -49.34%
• Country: HK
• Employees: 125
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): -0.02
• Shares Outstanding: 2,782,486,600
• 10 Day Avg. Volume: 3,088,686
• 30 Day Avg. Volume: 3,085,573
• PEG Ratio: -0.15
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.16
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score is primarily impacted by significant financial challenges, including declining revenues and negative cash flows. However, positive technical indicators suggest some market optimism in the short term, though this is mitigated by the lack of profitability and dividends.

Greenheart Group Business Overview & Revenue Model

Company Description

Greenheart Group (0094) is a Hong Kong-based investment holding company primarily engaged in the sustainable management and harvesting of forests, as well as the sale of logs and timber products. The company operates in two main sectors: New Zealand and Suriname. In New Zealand, Greenheart Group manages radiata pine plantations, focusing on the sustainable production and export of logs. In Suriname, the company is involved in the harvesting of tropical hardwood and the sale of sawn timber. With a commitment to eco-friendly practices, Greenheart Group combines environmental stewardship with its forestry operations to meet the growing demand for sustainable wood products.

How the Company Makes Money

Greenheart Group generates revenue primarily through the sale of logs and timber products harvested from its managed forests in New Zealand and Suriname. In New Zealand, the company earns income by exporting radiata pine logs to various markets, with a significant portion of the exports directed towards Asia. This involves cultivating, harvesting, and processing the pine trees into logs, which are then sold to international buyers. In Suriname, the company's revenue is generated through the sale of tropical hardwood logs and sawn timber. These products are harvested from sustainably managed forests and sold to both domestic and international markets. Additionally, the company may engage in strategic partnerships and joint ventures to enhance its operational capabilities and expand its market reach, contributing to its overall earnings.

Greenheart Group Financial Statement Overview

Summary

Greenheart Group is facing financial distress with continuous revenue declines, negative profitability margins, and cash flow challenges. The balance sheet shows some stability in equity, but high leverage and persistent losses present substantial financial risks.

Income Statement

Greenheart Group has faced significant challenges in its income statement with a consistent decline in total revenue from 2019 to 2024. The gross profit margin and net profit margin are negative, indicating inefficiencies and losses in operations. Revenue has decreased significantly over the years, with a steep decline in 2024. The company also has been experiencing negative EBIT and EBITDA margins, illustrating a struggle to cover operating expenses.

Balance Sheet

The balance sheet reveals a moderately high debt-to-equity ratio, suggesting reliance on debt financing. However, the equity ratio remains reasonable, indicating fair asset management. Return on equity is negative, reflecting the losses incurred over the periods. Despite the rising total liabilities, the company maintains a relatively stable stockholders' equity, though it has been declining due to consistent losses.

Cash Flow

Greenheart Group's cash flow statement shows fluctuating free cash flows, with recent periods showing negative free cash flow, indicating cash outflows exceeding inflows. The operating cash flow to net income ratio is below optimal levels, impacted by negative operating cash flows in multiple years. The cash flow from operations is not sufficient to cover capital expenditures or debt obligations, posing liquidity risks.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.87M	90.98M	164.31M	320.52M	326.25M
Gross Profit	-58.61M	-90.44M	-48.91M	32.33M	9.02M
EBITDA	-147.20M	-110.08M	7.21M	77.60M	87.68M
Net Income	-139.24M	-93.08M	-97.75M	-59.23M	-36.13M
Balance Sheet
Total Assets	609.51M	799.30M	968.02M	1.11B	1.21B
Cash, Cash Equivalents and Short-Term Investments	19.51M	47.71M	71.68M	92.92M	167.68M
Total Debt	438.22M	408.17M	400.51M	390.77M	426.25M
Total Liabilities	519.30M	512.25M	547.21M	593.43M	633.58M
Stockholders Equity	601.22M	764.05M	851.21M	917.48M	954.27M
Cash Flow
Free Cash Flow	-23.31M	-16.22M	-30.52M	-11.87M	29.89M
Operating Cash Flow	-22.13M	2.48M	-21.22M	3.04M	38.44M
Investing Cash Flow	-9.31M	-11.53M	9.70M	-20.82M	-22.41M
Financing Cash Flow	7.26M	-14.69M	-6.16M	-53.95M	-19.61M

Greenheart Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0094, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.19 is Neutral, neither overbought nor oversold. The STOCH value of 65.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0094.

Greenheart Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0094	51 Neutral	HK$161.38M	―	-20.40%	―	-42.99%	-49.34%
0794	50 Neutral	HK$52.31M	23.24	0.44%	―	11.02%	79.24%
1822	48 Neutral	HK$111.03M	1.06		―	10.19%	-91.08%
Sector *	44 Neutral	AU$1.45B	-6.10	-40.74%	3.82%	-3.45%	-41.76%
8277	34 Underperform	HK$26.25M	0.72		―	―	―
1580	23 Underperform	HK$164.35M	―	-2832.88%	―	-49.37%	-930.65%

Greenheart Group Corporate Events

Greenheart Group Revises Rights Issue Structure and Sets Timetable

Greenheart Group Limited has announced amendments to its proposed rights issue, which will now proceed without an excess application arrangement. This change impacts the structure of the rights issue, affecting shareholders’ ability to apply for excess shares. The company has also set a detailed timetable for the rights issue process, with key dates including the last day of dealings in shares on a cum-rights basis on June 17, 2025, and the record date for determining entitlements on June 26, 2025.

Greenheart Group Announces Rights Issue and Board Lot Size Change

Greenheart Group Limited has announced a proposed rights issue to raise up to HK$33,668,088 by offering one rights share for every two existing shares at a price of HK$0.0363 per share. The rights issue is not underwritten and will proceed irrespective of the level of acceptance, with any unsubscribed shares to be placed to independent placees on a best effort basis. Additionally, the company plans to change its board lot size for trading from 2,000 shares to 80,000 shares, effective July 9, 2025. This move is expected to impact trading liquidity and shareholder engagement.

Greenheart Group Establishes Nomination Committee to Strengthen Governance

Greenheart Group Limited has announced the establishment of a Nomination Committee, as resolved by its Board of Directors. The committee will consist of at least three members, with a majority being independent non-executive directors, and will include at least one member of a different gender. The creation of this committee is aimed at enhancing the governance structure of the company, potentially impacting its operational efficiency and stakeholder confidence.

Greenheart Group’s AGM Resolutions Passed Unanimously

Greenheart Group Limited held its Annual General Meeting on June 10, 2025, where all proposed resolutions were passed unanimously. Key resolutions included the approval of financial statements, re-election of directors, and granting mandates for share issuance and repurchase, indicating strong shareholder support and stable governance.

Greenheart Group Announces Changes in Nomination Committee

Greenheart Group Limited, a company listed on the Hong Kong Stock Exchange, has announced changes in its Nomination Committee effective June 10, 2025. The changes include the appointment of Ms. Suen Chung Yan, Julia as a member, the cessation of Mr. Cheng Chi-Him, Conrad as chairman and member, and the re-designation of Mr. To Chun Wai as the new chairman. These adjustments are part of the company’s ongoing efforts to strengthen its governance structure.

Greenheart Group Announces Board Composition and Roles

Greenheart Group Limited has announced the composition of its board of directors and their respective roles and functions. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees, indicating a structured governance framework.