Safety Godown Co., Ltd. (HK:0237)
:0237
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Safety Godown Co., Ltd.
(0237)
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Rating:49Neutral
Price Target:
HK$2.00
▲(0.00% Upside)
Action:ReiteratedDate:12/30/25
The score is held down primarily by persistent net losses and weaker 2025 cash generation despite a strong, low-risk balance sheet (no debt). Technicals are mostly neutral with slightly negative momentum, and valuation is constrained by negative earnings, partly offset by a ~4% dividend yield.
Positive Factors
Conservative balance sheet
Zero reported debt and substantial equity reduce refinancing and interest-rate risk, giving the company long-term financial flexibility to fund operations, withstand macro shocks, or prioritize capex/dividends. This durable low-leverage profile supports stability even if earnings remain weak.
Negative Factors
Persistent net losses
Ongoing net losses erode retained earnings and limit the company’s capacity to reinvest, pay sustained dividends, or build reserves. Persistent negative profitability constrains return on equity and suggests structural issues below operating profitability that must be resolved for durable shareholder value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt and substantial equity reduce refinancing and interest-rate risk, giving the company long-term financial flexibility to fund operations, withstand macro shocks, or prioritize capex/dividends. This durable low-leverage profile supports stability even if earnings remain weak.
Read all positive factors
Safety Godown Co., Ltd. (0237) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$874.80M
Dividend Yield3.94%
Average Volume (3M)30.07K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth-7.47%
EPS Growth-300.57%
CountryHK
Employees35
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding405,000,000
10 Day Avg. Volume70,609
30 Day Avg. Volume30,069
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.22
Price to Sales (P/S)4.45
P/FCF Ratio200.95
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
Safety Godown Co., Ltd. Business Overview & Revenue Model
Company Description
Safety Godown Company, Limited, an investment holding company, engages in leasing of investment properties in Hong Kong. The company operates through Godown Operations, Property Investment, and Treasury Investment segments. It is involved in the o...
How the Company Makes Money
Safety Godown Co., Ltd. generates revenue through its dual business model consisting of godown operations and property investment. The godown operation segment involves providing warehousing services, where the company charges clients for the stor...
Safety Godown Co., Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 168.15M | 177.46M | 177.19M | 147.35M | 123.25M | 110.09M |
| Gross Profit | 51.07M | 177.46M | 123.22M | 96.88M | 69.89M | 64.18M |
| EBITDA | 117.09M | 156.73M | 154.98M | 128.52M | 106.05M | 94.35M |
| Net Income | -283.25M | -265.51M | -122.65M | -188.29M | -84.54M | -147.58M |
Balance Sheet | ||||||
| Total Assets | 3.73B | 3.75B | 4.05B | 4.06B | 4.18B | 4.47B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 1.11B | 1.04B | 961.26M | 947.31M | 1.09B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 182.03M | 163.46M | 166.22M | 155.46M | 147.82M | 143.61M |
| Stockholders Equity | 3.55B | 3.58B | 3.88B | 3.90B | 4.03B | 4.32B |
Cash Flow | ||||||
| Free Cash Flow | 156.84M | 3.93M | 62.30M | 61.22M | 60.25M | 60.97M |
| Operating Cash Flow | 155.25M | 9.64M | 77.27M | 72.12M | 69.66M | 80.60M |
| Investing Cash Flow | 37.54M | 21.66M | -136.07M | -263.22M | -114.30M | 263.47M |
| Financing Cash Flow | -32.32M | -30.63M | -22.23M | -32.24M | -210.04M | -48.49M |
Safety Godown Co., Ltd. Technical Analysis
Neutral
2.00
Price Trends
2.11
Negative
2.07
Positive
2.04
Positive
Market Momentum
>-0.01
Positive
46.34
Neutral
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0237, the sentiment is Neutral. The current price of 2 is below the 20-day moving average (MA) of 2.13, below the 50-day MA of 2.11, and below the 200-day MA of 2.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0237.
Safety Godown Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$886.24M | -1.30 | -8.08% | 4.04% | -2.19% | 78.43% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | HK$991.86M | -19.71 | -1.03% | 3.67% | 7.59% | 37.46% | |
56 Neutral | HK$657.80M | -6.28 | -2.19% | ― | -6.24% | 34.53% | |
50 Neutral | HK$930.47M | -3.16 | -3.07% | 6.22% | -3.09% | 62.33% | |
49 Neutral | HK$874.80M | -11.88 | -7.95% | 3.94% | -7.47% | -300.57% |
* Real Estate Sector Average
HK:0237
Safety Godown Co., Ltd.
2.16
0.41
23.43%
HK:0212
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29.20
7.12
32.25%
HK:0224
Pioneer Global Group Limited
0.57
-0.27
-32.14%
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Multifield International Holdings Limited
1.06
0.27
34.18%
HK:0266
Tian Teck Land Limited
1.96
0.08
4.26%
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.