Wing On Co. International Ltd. (0289) AI Stock Analysis

• Market Cap: HK$3.76B
• Dividend Yield: 7.38%
• Average Volume (3M): 43.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: -12.22%
• EPS Growth: -112.92%
• Country: HK
• Employees: 531
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): -0.52
• Shares Outstanding: 289,130,000
• 10 Day Avg. Volume: 38,110
• 30 Day Avg. Volume: 43,540
• PEG Ratio: <0.01
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 3.68
• P/FCF Ratio: 219.66
• 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: 54 Neutral
• Price Target: HK$12.50 ▼(-5.23% Downside)

The overall stock score of 54 reflects significant financial performance challenges, particularly in profitability and cash flow, despite a strong equity position. Technical analysis shows moderate bullish momentum, but valuation concerns persist due to a negative P/E ratio, offset slightly by a high dividend yield.

Wing On Co. International Ltd. Business Overview & Revenue Model

Company Description

Wing On Company International Limited operates department stores in the Hong Kong, the People's Republic of China, Australia, and the United States. The company operates in two segments, Department Stores and Property Investment. Its department stores offer electrical appliances, kitchen and dining, bedding and bath, grocery, toys, children and babies, men's wear, women's' wear, active, home sundries, shoes and handbags, personal care, travel and accessories, and cosmetics products. The company also leases commercial premises in Hong Kong, Australia, and the United States. In addition, it offers securities trading, property management, and computer services; owns trademarks; and acts as a trustee for investment trusts. It also sells its products online. The company was founded in 1907 and is based in Central, Hong Kong. Wing On Company International Limited is a subsidiary of Wing On International Holdings Limited.

How the Company Makes Money

Wing On Co. International Ltd. generates revenue primarily through its retail operations. As a department store operator, the company earns income by selling a broad assortment of consumer goods across various categories. Revenue streams include direct sales from its physical stores and any e-commerce platforms that the company may operate. Additionally, Wing On Co. may benefit from strategic partnerships with suppliers and brands, allowing them to offer exclusive or popular products that attract a steady flow of customers. The company might also engage in promotional activities and loyalty programs to increase sales and customer retention. Any investment income from its financial assets or properties would also contribute to its overall earnings.

Wing On Co. International Ltd. Financial Statement Overview

Summary

Wing On Co. International Ltd. faces profitability and cash flow challenges despite a strong equity position and low leverage. Declining revenue and negative net income in 2024 highlight the need for improved operational efficiency.

Income Statement

The company's revenue has shown a declining trend over the years, with a negative revenue growth of -10.4% from 2023 to 2024. The net profit margin has turned negative in 2024, indicating profitability challenges. However, the gross profit margin remains relatively stable at around 61%, suggesting effective cost management.

Balance Sheet

The balance sheet shows a strong equity position with an equity ratio of approximately 93.2% in 2024, indicating financial stability. The debt-to-equity ratio is low at 0.57%, reflecting low leverage. Despite these strengths, the decline in stockholders' equity from 2023 raises concerns.

Cash Flow

The cash flow statement reveals challenges, with a lack of free cash flow generation in 2024. The company did not generate operating cash flow in 2024, raising concerns over liquidity and cash generation capabilities. Historical free cash flow has been positive, but the current year reflects potential cash management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	876.89M	946.23M	1.06B	1.04B	1.13B	1.19B
Gross Profit	522.70M	578.49M	662.43M	667.82M	738.36M	689.76M
EBITDA	175.39M	-803.75M	241.19M	-136.70M	429.72M	-304.33M
Net Income	-829.82M	-919.11M	123.36M	-300.95M	552.50M	-456.15M
Balance Sheet
Total Assets	18.15B	18.07B	19.72B	19.90B	20.64B	20.63B
Cash, Cash Equivalents and Short-Term Investments	4.73B	4.29B	4.19B	4.04B	4.12B	4.05B
Total Debt	93.22M	96.20M	53.39M	20.84M	75.61M	132.80M
Total Liabilities	1.39B	1.21B	1.34B	1.32B	1.39B	1.45B
Stockholders Equity	16.73B	16.83B	18.36B	18.55B	19.22B	19.15B
Cash Flow
Free Cash Flow	352.15M	15.84M	191.84M	-6.25M	100.42M	69.59M
Operating Cash Flow	393.36M	21.68M	211.40M	-6.25M	100.42M	69.59M
Investing Cash Flow	281.31M	98.01M	290.68M	-755.33M	279.71M	-224.12M
Financing Cash Flow	-235.59M	-236.37M	-343.60M	-197.03M	-377.50M	-299.43M

Wing On Co. International Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0289, the sentiment is Neutral. The current price of 13.19 is above the 20-day moving average (MA) of 12.95, above the 50-day MA of 12.68, and above the 200-day MA of 11.63, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 45.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0289.

Wing On Co. International Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0289	54 Neutral	HK$3.76B	―	-4.80%	7.38%	-12.22%	-112.92%
0825	50 Neutral	€514.27M	20.33	0.76%	―	-12.99%	89.87%
0312	41 Neutral	HK$229.50M	―	-2.41%	―	-0.83%	93.83%
0162	41 Neutral	HK$55.19M	―	-110.16%	―	-17.63%	-13.10%
0984	40 Underperform	HK$104.00M	―	―	―	-3.03%	-36.45%

Wing On Co. International Ltd. Corporate Events

Wing On Co. International Ltd. Announces Board Composition and Roles

Wing On Company International Ltd. has announced the composition of its board of directors and their respective roles within the company. The board comprises both executive and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement highlights the company’s governance structure, which is crucial for maintaining transparency and accountability to its stakeholders.

The most recent analyst rating on (HK:0289) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.

Wing On Co. Appoints New Independent Non-Executive Director

Wing On Company International Limited, a company incorporated in Bermuda, has announced the appointment of Ms. Tsoi Siu Ting Annie as an independent non-executive director and a member of its Nomination Committee, effective September 1, 2025. Ms. Tsoi, with over 30 years of experience in intellectual property law, brings significant expertise to the company. This strategic appointment is expected to enhance the company’s governance and strengthen its board with her extensive legal background, potentially impacting its operational and industry positioning positively.

The most recent analyst rating on (HK:0289) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.

Wing On Company Reports Interim Loss Amid Property Valuation Decline

Wing On Company International Ltd. reported its interim results for the six months ending June 30, 2025, revealing a decrease in revenue to HK$416,238,000 from HK$479,998,000 in the previous year. Despite a profit from operations of HK$355,043,000, the company faced a net valuation loss on investment properties of HK$470,513,000, leading to a loss before taxation of HK$119,221,000. The total comprehensive income for the period improved to HK$53,662,000, compared to a loss of HK$327,177,000 in 2024, due to gains in other comprehensive income.

The most recent analyst rating on (HK:0289) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.

Wing On Co. Declares Interim Dividend for 2025

Wing On Company International Limited has announced an interim dividend for the six months ending June 30, 2025, declaring a dividend of HKD 0.43 per share. The ex-dividend date is set for October 2, 2025, with the payment date scheduled for October 24, 2025. This announcement reflects the company’s ongoing financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:0289) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.

Wing On Co. Schedules Board Meeting for Interim Results and Dividend Decision

Wing On Company International Limited has announced a board meeting scheduled for August 26, 2025, to approve the interim results for the first half of the year ending June 30, 2025, and to consider the payment of an interim dividend. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and potential shareholder returns.

Wing On Co. Reports Reduced Losses Amid Investment Gains

Wing On Company International Ltd. has announced a reduction in its losses for the first half of 2025, with a loss of HK$150.4 million compared to HK$239.6 million in the same period of 2024. This improvement is attributed to a significant gain from its investment portfolio, despite a decrease in income from its investment properties and increased losses in its department store operations due to changing consumer habits and reduced demand for office space.