National Electronics Holdings Limited (HK:0213)
:0213
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National Electronics Holdings
(0213)
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Rating:53Neutral
Price Target:
HK$0.40
▲(10.00% Upside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak and volatile cash generation and elevated leverage with modest returns on equity. These risks outweigh the improved recent profitability, while neutral-to-slightly positive technicals and a very low P/E provide partial support.
Positive Factors
Improved Net Margin
The sharp net margin rise to roughly 19% suggests durable gains in pricing, mix or cost control. If maintained, higher margins increase cash generated per revenue dollar, improving internal funding capacity and resilience even if revenue remains uneven over the medium term.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow across multiple years is a core liquidity concern. It forces reliance on external financing, elevates refinancing risk, and limits the firm's ability to self-fund capex, deleveraging or shareholder returns, constraining strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Net Margin
The sharp net margin rise to roughly 19% suggests durable gains in pricing, mix or cost control. If maintained, higher margins increase cash generated per revenue dollar, improving internal funding capacity and resilience even if revenue remains uneven over the medium term.
Read all positive factors
National Electronics Holdings (0213) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$361.12M
Dividend Yield1.47%
Average Volume (3M)60.15K
Price to Earnings (P/E)3.8
Beta (1Y)0.22
Revenue Growth-4.32%
EPS Growth127.77%
CountryHK
Employees200
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.03
Shares Outstanding914,222,960
10 Day Avg. Volume63,900
30 Day Avg. Volume60,149
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.14
Price to Sales (P/S)0.74
P/FCF Ratio-0.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
National Electronics Holdings Business Overview & Revenue Model
Company Description
National Electronics Holdings Limited, an investment holding company, manufactures, assembles, and sells electronic watches and watch parts in the Hong Kong, People's Republic of China, North America, Europe, and internationally. It operates throu...
National Electronics Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
28
Negative
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 502.31M | 578.22M | 501.31M | 694.56M | 1.44B |
| Gross Profit | 127.02M | 120.93M | 107.80M | 87.82M | 160.60M |
| EBITDA | 294.59M | 280.49M | 9.61M | 96.69M | 223.66M |
| Net Income | 93.90M | 41.13M | 48.87M | 91.36M | 116.26M |
Balance Sheet | |||||
| Total Assets | 9.51B | 8.58B | 8.51B | 8.34B | 7.36B |
| Cash, Cash Equivalents and Short-Term Investments | 316.00M | 568.33M | 1.00B | 1.30B | 1.33B |
| Total Debt | 5.67B | 4.94B | 4.91B | 4.70B | 4.14B |
| Total Liabilities | 6.93B | 6.03B | 5.96B | 5.72B | 4.80B |
| Stockholders Equity | 2.58B | 2.55B | 2.54B | 2.62B | 2.56B |
Cash Flow | |||||
| Free Cash Flow | -415.64M | -229.32M | -291.20M | -369.58M | 529.59M |
| Operating Cash Flow | -405.37M | -220.81M | -289.59M | -368.36M | 534.93M |
| Investing Cash Flow | 32.27M | 115.75M | -155.69M | -69.65M | -396.79M |
| Financing Cash Flow | 437.45M | -275.74M | 167.74M | 451.12M | -81.06M |
National Electronics Holdings Technical Analysis
Positive
0.36
Price Trends
0.38
Positive
0.37
Positive
0.37
Positive
Market Momentum
<0.01
Negative
61.61
Neutral
30.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0213, the sentiment is Positive. The current price of 0.36 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.38, and below the 200-day MA of 0.37, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.61 is Neutral, neither overbought nor oversold. The STOCH value of 30.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0213.
National Electronics Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$463.75M | 2.83 | 11.02% | 6.00% | 14.52% | 15.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$548.88M | 42.17 | 2.84% | ― | -1.93% | ― | |
53 Neutral | HK$361.12M | 3.84 | 3.69% | 1.47% | -4.32% | 127.77% | |
51 Neutral | HK$410.43M | -91.13 | 2.72% | ― | 60.75% | -63.30% | |
50 Neutral | HK$783.92M | 4.39 | -1.15% | ― | -41.44% | -209.76% | |
49 Neutral | HK$598.03M | -3.93 | -65.71% | ― | -20.65% | -616.18% |
* Consumer Cyclical Sector Average
HK:0213
National Electronics Holdings
0.40
>-0.01
-1.25%
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93.48%
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King Fook Holdings Limited
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0.20
64.52%
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41.88%
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Artini Holdings Limited
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China Brilliant Global Limited
0.36
0.09
36.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.