Pokfulam Development Co. Ltd. (0225) AI Stock Analysis

• Market Cap: HK$664.38M
• Dividend Yield: 6.05%
• Average Volume (3M): 6.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: 6.17%
• EPS Growth: 63.88%
• Country: HK
• Employees: 115
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.77
• Shares Outstanding: 110,179,380
• 10 Day Avg. Volume: 5,400
• 30 Day Avg. Volume: 6,987
• PEG Ratio: 0.05
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 3.50
• P/FCF Ratio: 11.58
• 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: 52 Neutral
• Price Target: HK$6.00 ▲(4.35% Upside)

The overall stock score of 52 reflects a combination of mixed financial performance and bearish technical indicators. While the company has a strong balance sheet and offers a high dividend yield, significant net losses and negative market momentum weigh heavily on the score.

Positive Factors

Revenue Growth

Sustained revenue growth indicates strong demand for the company's properties and effective market positioning, supporting long-term business expansion.

Operational Efficiency

High operational margins suggest effective cost management and operational efficiency, which can lead to improved profitability over time.

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, enabling the company to invest in future growth opportunities.

Negative Factors

Net Losses

Substantial net losses indicate challenges in profitability, which could hinder the company's ability to reinvest in its business and sustain growth.

Negative Cash Flow Growth

Declining cash flow growth limits the company's ability to fund operations and invest in new projects, potentially impacting long-term financial health.

Negative Return on Equity

Negative ROE reflects inefficiencies in generating shareholder returns, which could affect investor confidence and the company's ability to raise capital.

Pokfulam Development Co. Ltd. Business Overview & Revenue Model

Company Description

Pokfulam Development Co. Ltd. (0225) is a prominent property investment and development company based in Hong Kong. The company primarily operates in the real estate sector, focusing on the acquisition, development, and management of residential and commercial properties. Its core offerings include high-end residential developments, commercial spaces, and investment properties that cater to a diverse clientele, contributing to the urban landscape of Hong Kong.

How the Company Makes Money

Pokfulam Development Co. Ltd. generates revenue through several key streams, primarily from the leasing and sale of its developed properties. The company invests in high-value real estate projects, which are subsequently leased or sold at a profit. Additionally, it might engage in property management services, earning fees for maintaining and managing its properties. The company's financial performance can also be bolstered through strategic partnerships with other developers and real estate firms, enabling it to expand its portfolio and enhance its revenue opportunities. Fluctuations in the Hong Kong real estate market, along with effective project management and marketing strategies, are significant factors influencing its earnings.

Pokfulam Development Co. Ltd. Financial Statement Overview

Summary

Pokfulam Development Co. Ltd. shows a mixed financial performance. Positive revenue growth and operational margins are overshadowed by significant net losses and a negative return on equity. The company maintains a strong balance sheet with low leverage, but declining cash flow growth is a concern.

Income Statement

The company shows a mixed performance in its income statement. Although there is a positive revenue growth rate of 6.5% in the latest year, the net profit margin is significantly negative at -115.09%, indicating substantial losses. The gross profit margin improved to 66.14%, suggesting better cost management. However, the EBIT and EBITDA margins are positive, at 41.89% and 42.58% respectively, showing operational efficiency but not enough to offset the net losses.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.09, indicating low leverage. However, the return on equity is negative at -4.93%, highlighting inefficiencies in generating returns for shareholders. The equity ratio is strong, suggesting a solid capital structure, but the negative ROE is a concern.

Cash Flow

Cash flow analysis reveals challenges in growth, with a free cash flow growth rate of -22.9%. The operating cash flow to net income ratio is 0.13, indicating limited cash generation relative to net income. However, the free cash flow to net income ratio is high at 97.40%, suggesting that the company is able to convert its earnings into cash effectively despite the net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	180.94M	187.39M	183.01M	193.55M	163.55M	169.48M
Gross Profit	123.94M	123.94M	67.84M	66.36M	50.34M	150.46M
EBITDA	79.79M	79.79M	-563.07M	-153.60M	78.08M	64.02M
Net Income	-215.67M	-215.67M	-597.10M	-181.78M	14.79M	137.12M
Balance Sheet
Total Assets	4.89B	4.89B	5.12B	5.75B	5.91B	5.70B
Cash, Cash Equivalents and Short-Term Investments	137.58M	137.58M	138.32M	140.08M	64.02M	121.00M
Total Debt	396.63M	396.63M	374.05M	384.44M	313.96M	65.00M
Total Liabilities	514.09M	514.09M	493.72M	498.82M	428.54M	181.52M
Stockholders Equity	4.37B	4.37B	4.62B	5.25B	5.48B	5.52B
Cash Flow
Free Cash Flow	64.32M	56.61M	69.39M	68.60M	47.86M	39.48M
Operating Cash Flow	65.83M	58.12M	71.89M	74.82M	48.28M	44.65M
Investing Cash Flow	-27.81M	-27.81M	-20.32M	-51.65M	-298.70M	-66.80M
Financing Cash Flow	-17.08M	-17.08M	-74.62M	10.39M	201.88M	-33.28M

Pokfulam Development Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.75
• 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:0225, the sentiment is Positive. The current price of 5.75 is below the 20-day moving average (MA) of 5.98, below the 50-day MA of 5.97, and above the 200-day MA of 5.53, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.29 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0225.

Pokfulam Development Co. 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%
0021	54 Neutral	HK$405.47M	-11.72	-4.27%	―	1303.01%	-45.00%
0225	52 Neutral	HK$664.38M	-3.08	-4.79%	6.05%	6.17%	63.88%
1036	51 Neutral	HK$701.15M	-5.68	-2.93%	3.33%	178.97%	-2829.91%
0089	51 Neutral	HK$667.39M	-1.77	-4.58%	3.60%	-4.31%	19.29%
0655	49 Neutral	HK$569.51M	-0.98	-6.19%	3.33%	1.62%	-63.95%
0367	39 Underperform	HK$551.94M	-0.93	-7.61%	―	-7.97%	19.98%

Pokfulam Development Co. Ltd. Corporate Events

Pokfulam Development Sets February 2026 AGM to Vote on Dividend, Board Mandates and Share Buyback

Pokfulam Development Company Limited has called its 2024/2025 annual general meeting for 5 February 2026 in Wanchai, where shareholders will vote on routine corporate matters including the adoption of audited consolidated financial statements for the year ended 30 September 2025, the declaration of a final dividend, the re-election of three directors and approval of directors’ remuneration, as well as the re-appointment of BDO Limited as independent auditor. The meeting will also seek shareholder approval for general mandates allowing the board to repurchase up to 10% of the company’s issued shares and to issue additional shares, measures that, if passed, will give the board increased flexibility in capital management and corporate actions, with potential implications for capital structure and shareholder returns.

The most recent analyst rating on (HK:0225) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.

Pokfulam Development Releases Annual Results for FY 2024/25

Pokfulam Development Company Limited has released its audited consolidated financial results for the fiscal year ending 30 September 2025 in accordance with relevant listing regulations. The annual report will be available to shareholders and on relevant websites by 23 December 2025, providing a comprehensive outlook on the company’s financial and operational performance, reinforcing its transparency and adherence to governance standards.

The most recent analyst rating on (HK:0225) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.

Pokfulam Development Announces Final Dividend for FY2025

Pokfulam Development Company Limited has announced a final cash dividend of HKD 0.32 per share for the financial year ending 30 September 2025, reaffirming its financial stability and shareholder commitment. The dividend, pending approval on 5 February 2026 and set for payment on 6 March 2026, underscores the company’s strong financial performance and dedication to delivering value to stakeholders, positioning the company favorably in the competitive real estate market.

The most recent analyst rating on (HK:0225) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.

Pokfulam Development Co. Ltd. Schedules Board Meeting for Financial Results and Dividend Decision

Pokfulam Development Co. Ltd. has announced that its Board of Directors will convene on December 17, 2025, to approve the publication of the company’s audited consolidated financial results for the year ending September 30, 2025. The meeting will also consider the recommendation for the payment of a final dividend, which could have implications for the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:0225) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.

Pokfulam Development Engages in HK$3.56 Million Renovation Contract

Pokfulam Development Co. Ltd. has announced a connected transaction involving its subsidiary, Pokfulam Property, entering into a construction contract worth HK$3,560,000 for renovation works. The contractor, owned by relatives of an executive director, makes this a connected transaction under Hong Kong’s Listing Rules. The renovation aims to enhance the exterior and reinstate parts of the property, with the project expected to complete within 120 days. The transaction is subject to reporting requirements but exempt from shareholder approval, indicating a strategic move to improve property assets while adhering to regulatory standards.

The most recent analyst rating on (HK:0225) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.