ITC Properties Group Limited (0199) AI Stock Analysis

• Market Cap: HK$200.49M
• Dividend Yield: N/A
• Average Volume (3M): 323.86K
• Price to Earnings (P/E): ―
• Beta (1Y): >-0.01
• Revenue Growth: -70.49%
• EPS Growth: -129.16%
• Country: HK
• Employees: 112
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Travel Lodging
• EPS (TTM): -0.56
• Shares Outstanding: 907,198,400
• 10 Day Avg. Volume: 54,221
• 30 Day Avg. Volume: 323,859
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.35
• 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: 44 Neutral
• Price Target: ―

ITC Properties Group Limited's stock score is driven primarily by its financial challenges, particularly negative profitability and cash flow issues. While the short-term price movement shows slight improvement, the overall technical indicators remain bearish. The negative P/E ratio also highlights valuation concerns. The company needs to address these financial and operational challenges to improve its stock performance.

ITC Properties Group Limited Business Overview & Revenue Model

Company Description

ITC Properties Group Limited (0199) is a Hong Kong-based investment holding company. The company primarily engages in property development and investment, hotel and leisure operations, and securities investment. Its operations span across Hong Kong, China, Macau, and Canada, focusing on creating value through strategic property developments and investments in high-potential markets.

How the Company Makes Money

ITC Properties Group Limited generates revenue primarily through its property development and investment activities. The company develops residential, commercial, and mixed-use properties, which are sold or leased to generate income. Additionally, it operates hotels and leisure facilities, which contribute to its revenue through guest accommodations, dining, and event services. The company also engages in securities investment, providing another income stream through dividends, interest, and capital gains from its investment portfolio. Strategic partnerships and joint ventures in property development projects further enhance its revenue potential by leveraging shared expertise and resources.

ITC Properties Group Limited Financial Statement Overview

Summary

ITC Properties Group Limited faces significant financial challenges, including negative profitability metrics, declining revenue trends, and ongoing cash flow issues. The balance sheet shows moderate debt management stability, but the negative return on equity highlights performance issues. Immediate improvements in operational efficiencies and revenue generation are necessary.

Income Statement

ITC Properties Group Limited shows declining revenues over the past years, with a negative growth rate in recent periods. The company continues to experience negative margins, including gross profit, EBIT, and net profit margins, indicating ongoing struggles with profitability. Although there was a slight increase in revenue from the previous period, the overall trajectory remains concerning.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, indicating a relatively balanced financial structure. However, the equity ratio has been declining, reflecting potential financial instability. The return on equity is negative due to consistent net losses, which is a significant concern for shareholders.

Cash Flow

Cash flow from operations remains negative, with no improvement over recent periods, affecting the company's liquidity position. The free cash flow to net income ratio is also negative, highlighting cash flow challenges. While capital expenditure remains low, the lack of positive free cash flow growth is worrying.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
9.57M	111.08M	93.90M	337.34M	262.08M	216.18M
	Gross Profit
-140.28M	-45.69M	-4.76M	45.16M	72.08M	84.85M
	EBIT
-391.77M	-274.88M	-233.96M	-228.32M	-244.82M	-435.43M
	EBITDA
-356.48M	-202.98M	-207.26M	-219.47M	-211.65M	-464.30M
	Net Income Common Stockholders
402.90M	-644.89M	-146.91M	566.16M	-662.16M	-971.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.82B	49.13M	91.87M	324.13M	429.63M	708.64M
	Total Assets
9.44B	4.75B	5.68B	6.71B	6.60B	7.89B
	Total Debt
3.10B	1.37B	1.44B	1.46B	2.69B	3.27B
	Net Debt
1.38B	1.34B	1.38B	1.17B	2.39B	2.75B
	Total Liabilities
3.87B	1.68B	1.88B	2.51B	3.11B	3.83B
	Stockholders Equity
5.57B	2.93B	3.61B	3.99B	3.49B	4.06B
Cash Flow		Free Cash Flow
-138.71M	-48.63M	-143.13M	-151.90M	72.56M	108.91M
	Operating Cash Flow
-138.53M	-46.49M	-125.14M	-149.97M	88.24M	114.35M
	Investing Cash Flow
203.57M	20.90M	-4.66M	447.52M	367.01M	226.35M
	Financing Cash Flow
-102.10M	-10.80M	-99.57M	-317.99M	-734.17M	-243.70M

ITC Properties Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0199, the sentiment is Positive. The current price of 0.24 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.21, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.91 is Neutral, neither overbought nor oversold. The STOCH value of 92.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0199.

ITC Properties Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0113	76 Outperform	HK$2.64B	13.59	5.58%	2.92%	-12.74%	-17.17%
Sector *	62 Neutral	$6.76B	11.06	2.80%	6.66%	2.68%	-24.89%
1997	60 Neutral	$63.91B	71.72	0.47%	5.63%	-2.96%	-81.31%
0683	52 Neutral	HK$27.28B	33.77	0.76%	10.11%	50.11%	-75.09%
0119	45 Neutral	HK$5.39B	27.17	0.53%	1.49%	-3.13%	-87.57%
0199	44 Neutral	HK$200.49M	―	-33.70%	―	-70.49%	-129.16%
0200	34 Underperform	$6.92B	―	-220.97%	―	23.05%	55.01%

ITC Properties Group Limited Corporate Events

ITC Properties Secures Waiver Extension and Clarifies Disposal Announcement

ITC Properties Group Limited, incorporated in Bermuda, has received an additional waiver from the Hong Kong Stock Exchange to extend the dispatch date of a circular regarding a major transaction. This extension, granted until 17 January 2025, allows the company more time for preparation and obliges them to disclose the reasons for the delay. Additionally, the company clarified a clerical error in a previous announcement regarding the disposal approach.