Grand Field Group Holdings Ltd. (0115) AI Stock Analysis

• Market Cap: HK$144.76M
• Dividend Yield: N/A
• Average Volume (3M): 3.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.16
• Revenue Growth: -43.17%
• EPS Growth: -454.58%
• Country: HK
• Employees: 118
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.50
• Shares Outstanding: 20,709,309
• 10 Day Avg. Volume: 3,700
• 30 Day Avg. Volume: 3,470
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 2.95
• 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: 64 Neutral
• Price Target: HK$7.50 ▲(0.00% Upside)

The stock's overall score is primarily driven by its strong technical analysis, indicating significant bullish momentum. However, this is offset by poor financial performance and valuation metrics, reflecting ongoing financial challenges and a lack of earnings. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Operating cash generation

Positive operating cash flow despite net losses indicates core property operations can generate cash. That supports debt servicing, funds ongoing developments and leasing operations, and provides runway to implement restructuring or portfolio adjustments over the next several months.

Diversified revenue streams

Revenue mix across property sales, commercial/residential leasing and a hospitality segment provides multiple cash sources. Recurring leasing and hotel income can stabilize cash flows while sales recover, reducing cyclicality and supporting operational continuity over a 2–6 month horizon.

Strategic development partnerships

Partnerships with construction firms and agencies reduce execution risk, speed project delivery and help control development costs. These structural relationships can improve project throughput, shorten cash conversion cycles and sustain margin recovery efforts over several months.

Negative Factors

Declining revenue trend

A ~43% revenue decline indicates material loss of scale and weaker project sales or leasing demand. Lower top-line volume erodes margins and cash generation, pressures working capital, and increases the need for operational or portfolio actions to restore sustainable revenue in the medium term.

Persistent losses and weak margins

Sustained negative net income and diminished margins point to structural profitability problems and operational inefficiencies. Continued losses deplete reserves, limit reinvestment capacity and heighten reliance on external funding, constraining recovery prospects over the coming months.

High leverage

High debt-to-equity increases interest and refinancing risk. With volatile free cash flow and falling revenues, elevated leverage reduces financial flexibility, raises the chance of asset disposals or costly refinancing, and heightens solvency concerns within a 2–6 month timeframe.

Grand Field Group Holdings Ltd. Business Overview & Revenue Model

Company Description

Grand Field Group Holdings Limited, an investment holding company, invests in and develops properties in the People's Republic of China. It also engages in the general trading, provision of financial arrangement, and services. The company was founded in 1990 and is headquartered in Tsim Sha Tsui, Hong Kong.

How the Company Makes Money

Grand Field Group Holdings Ltd. generates revenue primarily through the sale and leasing of residential and commercial properties. The company develops properties that are sold to end-users or investors, which constitutes a significant portion of its revenue. Additionally, leasing commercial spaces provides a steady stream of income. The company also benefits from strategic partnerships with construction firms and real estate agencies, which help streamline its development processes and expand its market reach. Furthermore, the hospitality segment contributes to earnings through hotel management and service operations, enhancing overall profitability.

Grand Field Group Holdings Ltd. Financial Statement Overview

Summary

Grand Field Group Holdings Ltd. is facing significant financial challenges with declining revenues and persistent losses impacting profitability. The balance sheet shows high leverage, and although there are some positive trends in cash flow generation, the financial health of the company remains a concern. Strategic adjustments are necessary to improve financial stability and performance.

Income Statement

The company has experienced significant revenue volatility, with a substantial decline from 2020 to 2024. Gross profit margins have decreased, and the net income has been negative for the past few years, indicating ongoing profitability challenges. The EBIT and EBITDA margins are also negative, further highlighting operational inefficiencies.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating reliance on debt financing. The equity ratio has decreased over the years, reflecting a weakened financial position. The return on equity remains negative, pointing to ineffective use of equity capital.

Cash Flow

The cash flow statement shows inconsistent free cash flow, with some improvement in recent years but still volatile. The operating cash flow to net income ratio is positive, suggesting that the company can generate cash from operations despite net losses. However, the free cash flow to net income ratio indicates constraints in generating free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	165.31M	236.37M	264.51M	139.28M	543.28M	1.14B
Gross Profit	-129.69M	18.83M	59.92M	19.00M	235.64M	535.10M
EBITDA	-187.78M	-131.22M	46.57M	-153.84M	107.55M	436.18M
Net Income	-231.63M	-251.34M	-47.03M	-392.65M	-224.27M	34.68M
Balance Sheet
Total Assets	1.94B	2.14B	2.63B	2.82B	3.75B	4.28B
Cash, Cash Equivalents and Short-Term Investments	67.93M	43.97M	40.92M	25.42M	51.58M	60.61M
Total Debt	646.14M	691.63M	734.93M	739.55M	777.47M	792.60M
Total Liabilities	1.27B	1.41B	1.48B	1.56B	1.75B	1.96B
Stockholders Equity	217.20M	238.34M	506.71M	569.14M	1.04B	1.24B
Cash Flow
Free Cash Flow	18.19M	25.32M	15.27M	-73.18M	137.50M	37.28M
Operating Cash Flow	18.26M	25.40M	16.70M	-72.11M	140.18M	43.03M
Investing Cash Flow	23.02M	24.54M	39.87M	61.15M	-77.56M	-92.62M
Financing Cash Flow	-36.04M	-79.15M	-36.62M	-12.59M	-73.13M	-60.79M

Grand Field Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0115, the sentiment is Negative. The current price of 7.5 is above the 20-day moving average (MA) of 7.19, above the 50-day MA of 7.37, and above the 200-day MA of 4.36, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 36.39 is Neutral, neither overbought nor oversold. The STOCH value of 96.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0115.

Grand Field Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0115	64 Neutral	HK$144.76M	-0.37	-67.65%	―	-43.17%	-454.58%
2288	44 Neutral	HK$61.95M	-0.26	-31.70%	―	-70.09%	-16.86%
1124	43 Neutral	HK$84.16M	-0.26	-32.62%	―	3574.59%	48.95%