Associated International Hotels Limited (0105) AI Stock Analysis

• Market Cap: HK$1.84B
• Dividend Yield: 3.13%
• Average Volume (3M): 8.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: 2.38%
• EPS Growth: -13941.59%
• Country: HK
• Employees: 36
• Sector: Financial
• Sector Strength: 78
• Industry: Real Estate - Services
• EPS (TTM): -1.36
• Shares Outstanding: 360,000,000
• 10 Day Avg. Volume: 8,800
• 30 Day Avg. Volume: 8,333
• PEG Ratio: 0.03
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.52
• 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

• Rating: 64 Neutral
• Price Target: ―

The company's solid balance sheet and strong cash flow generation provide financial resilience, contributing positively to the overall score. Technical indicators suggest a bullish trend, though lacking comprehensive momentum analysis. The negative P/E ratio raises concerns, but the high dividend yield offers some compensation. Overall, the stock reflects strong financial stability, but valuation issues and declining revenue trends pose risks.

Associated International Hotels Limited Business Overview & Revenue Model

Company Description

Associated International Hotels Limited, an investment holding company, engages in the property investment activities in Hong Kong. Its investment properties include iSQUARE, a shopping and entertainment complex located in Tsim Sha Tsui MTR station; various units of Good Luck Industrial Building; a floor of Euro Trade Centre; units of an industrial property; and two residential properties. The company was incorporated in 1983 and is based in Tsim Sha Tsui, Hong Kong. Associated International Hotels Limited is a subsidiary of Tian Teck Land Limited.

How the Company Makes Money

Associated International Hotels Limited generates revenue primarily through its hotel operations. This includes income from room bookings, food and beverage sales, and event hosting services. The company may also lease retail and commercial spaces within its hotel properties, contributing to its revenue streams. Key factors influencing its earnings include occupancy rates, average daily rates, and customer satisfaction levels. The company might also engage in strategic partnerships with travel agencies, online booking platforms, and corporate clients to enhance its market reach and drive sales.

Associated International Hotels Limited Financial Statement Overview

Summary

Associated International Hotels Limited shows a mixed financial performance. Income statement metrics indicate improved profitability and operational efficiency, despite declining revenues. The balance sheet is highly stable with minimal debt and strong equity, providing financial resilience. Cash flow metrics demonstrate robust cash generation capacity, although the company faced challenges in maintaining consistent revenue growth. Overall, the company appears financially sound with positive trends in profitability and cash flows.

Income Statement

The company shows a declining revenue trend with a notable drop from 2020 to 2024. Gross profit margin improved to 67.72% in 2024 from 71.46% in 2023, while net profit margin turned positive to 128.97% from a negative margin in 2023, indicating improved profitability. However, the company's revenue growth rate is negative, showing a decline of 2.38% in 2024. EBIT and EBITDA margins have improved significantly in 2024, reflecting strong operational performance after a challenging previous year.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.03, indicating low financial leverage. The equity ratio remains high at 94.46%, suggesting a solid equity base. Return on equity improved significantly from negative to 4.79% in 2024, enhancing shareholder value. The company maintains a robust asset position with more equity than liabilities, indicating financial stability.

Cash Flow

Free cash flow growth rate is 37.55% in 2024, showing strong cash generation. The operating cash flow to net income ratio is positive at 0.49, indicating efficient conversion of income to cash flows. However, free cash flow to net income is slightly lower at 0.48. The cash flow statement reflects improved liquidity and cash management, despite fluctuations in operating cash flows over the years.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
296.78M	292.14M	299.28M	301.32M	434.18M	588.56M
	Gross Profit
203.24M	197.84M	213.93M	212.15M	341.82M	497.77M
	EBIT
-533.94M	413.45M	-1.56B	173.56M	308.66M	462.35M
	EBITDA
-47.34M	417.74M	192.03M	181.90M	319.76M	465.11M
	Net Income Common Stockholders
-571.20M	376.76M	-1.58B	-1.12B	-1.53B	-912.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
506.52M	506.52M	452.42M	440.76M	373.70M	421.90M
	Total Assets
8.32B	8.32B	8.07B	9.80B	11.06B	12.79B
	Total Debt
201.41M	201.41M	201.49M	200.00M	201.65M	201.72M
	Net Debt
-305.11M	-305.11M	-250.93M	-240.76M	-172.05M	-220.18M
	Total Liabilities
461.53M	461.53M	449.54M	482.93M	481.00M	502.58M
	Stockholders Equity
7.86B	7.86B	7.62B	9.32B	10.58B	12.28B
Cash Flow		Free Cash Flow
160.29M	181.96M	132.26M	185.82M	145.93M	301.52M
	Operating Cash Flow
160.82M	183.69M	137.19M	187.99M	147.63M	305.29M
	Investing Cash Flow
24.69M	22.55M	-4.31M	18.80M	-12.71M	18.75M
	Financing Cash Flow
-276.09M	-152.15M	-121.22M	-139.72M	-183.13M	-413.46M

Associated International Hotels Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.11
• 50DMA: Positive
• 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:0105, the sentiment is Neutral. The current price of 5.11 is below the 20-day moving average (MA) of 5.13, above the 50-day MA of 5.07, and above the 200-day MA of 5.08, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.41 is Neutral, neither overbought nor oversold. The STOCH value of 9.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0105.

Associated International Hotels Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$12.93B	9.70	7.85%	78.03%	12.07%	-7.83%
0105	64 Neutral	HK$1.84B	―	-7.48%	3.13%	2.38%	-13941.59%
HYSNF		$1.81B	355.52	0.05%	1.72%	―	―
MMHTF		$838.86M	8.16	3.60%	6.83%	―	―
VI6		€1.98B	16.01	19.23%	1.71%	―	―
2602	70 Outperform	HK$24.84B	19.68	6.76%	4.96%	7.13%	-42.14%
1821	50 Neutral	HK$54.71B	―	-10.33%	1.93%	-23.86%	-472.97%