Shirble Department Store Holdings (China) Ltd. (0312) AI Stock Analysis

• Market Cap: HK$236.99M
• Dividend Yield: N/A
• Average Volume (3M): 65.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.70
• Revenue Growth: -0.83%
• EPS Growth: 93.83%
• Country: HK
• Employees: 199
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): >-0.01
• Shares Outstanding: 2,495,000,000
• 10 Day Avg. Volume: 70,200
• 30 Day Avg. Volume: 65,800
• PEG Ratio: 0.03
• Price to Book (P/B): 0.12
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 1.12
• 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: 42 Neutral
• Price Target: HK$0.08 ▼(-6.67% Downside)

The score is driven down primarily by weak financial performance: steep multi-year revenue decline, ongoing net losses, and 2024 operating cash flow at zero, alongside elevated leverage. Technicals provide limited support (price above moving averages) but are offset by overbought RSI and negative MACD. Valuation remains a concern because the negative P/E reflects continued losses and there is no dividend yield support.

Positive Factors

Gross Profit Margin

A strong gross profit margin suggests effective cost control, which can support profitability if revenue stabilizes or grows.

Product Offering Expansion

Exclusive partnerships can attract a broader customer base, potentially increasing market share and driving long-term revenue growth.

Urban Market Presence

A strong urban presence provides access to large consumer markets, supporting sustained sales and brand recognition.

Negative Factors

Declining Revenue

Declining revenue indicates shrinking market share or demand, challenging long-term growth and financial stability.

High Leverage

Increased leverage can strain financial resources, limiting flexibility and increasing risk during economic downturns.

Negative Cash Flow

Negative cash flow highlights liquidity issues, potentially impacting the company's ability to invest in growth or cover obligations.

Shirble Department Store Holdings (China) Ltd. Business Overview & Revenue Model

Company Description

Shirble Department Store Holdings (China) Ltd. is a leading retail company based in China, primarily operating in the department store sector. The company focuses on providing a wide array of consumer goods, including clothing, cosmetics, home goods, and electronics. With a strong presence in major urban areas, Shirble aims to enhance the shopping experience through quality products, competitive pricing, and excellent customer service.

How the Company Makes Money

Shirble Department Store Holdings generates revenue through multiple streams, primarily from the sale of merchandise in its department stores. The company's revenue model is primarily based on direct sales to consumers, where it marks up products sourced from various suppliers and brands. Additionally, Shirble may engage in partnerships with local and international brands for exclusive product lines, which can enhance its product offerings and attract a broader customer base. The company also benefits from promotional activities and seasonal sales, which drive foot traffic and increase sales volume. E-commerce initiatives may serve as a supplementary revenue stream, allowing the company to reach customers beyond traditional brick-and-mortar locations.

Shirble Department Store Holdings (China) Ltd. Financial Statement Overview

Summary

Shirble Department Store Holdings is facing significant financial challenges, with declining revenues and persistent net losses. While the gross profit margin remains strong, the company struggles with operational inefficiencies and high leverage, as seen from its balance sheet. The lack of positive cash flow further exacerbates the financial instability, highlighting the need for strategic restructuring to stabilize its financial health.

Income Statement

The company has experienced a significant decline in revenue over the years, with a noticeable drop from 2019's revenues of 794.6 million to 227.3 million in 2024. The gross profit margin remains high, indicating efficient cost management, but the repeated net losses, including a net income of -33.8 million in 2024, highlight ongoing profitability challenges. EBIT and EBITDA margins have also been negative, reflecting operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has risen, indicating increased leverage, with total debt at 1.12 billion against equity of 750.8 million in 2024. The equity ratio remains moderate, but the shrinking equity base suggests financial pressure. Although the liabilities have decreased since 2021, the declining asset base and equity raise concerns about the company's long-term financial stability.

Cash Flow

The cash flow situation is concerning, with zero operating cash flow reported in 2024, down from 106.5 million in 2023. The absence of free cash flow growth and a lack of positive operating cash flow to support net income underline the financial strain the company is experiencing. The company's inability to generate positive free cash flow consistently suggests liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	229.52M	227.30M	190.67M	191.58M	230.12M	521.99M
Gross Profit	218.93M	215.72M	184.00M	186.38M	219.75M	506.89M
EBITDA	97.73M	92.41M	-334.23M	-83.19M	35.57M	245.80M
Net Income	-18.30M	-33.76M	-340.98M	-556.49M	-438.04M	-75.11M
Balance Sheet
Total Assets	1.83B	2.17B	2.34B	2.90B	3.97B	4.25B
Cash, Cash Equivalents and Short-Term Investments	27.52M	43.09M	54.48M	82.24M	159.22M	365.07M
Total Debt	827.23M	1.12B	1.25B	1.35B	1.76B	1.55B
Total Liabilities	1.08B	1.42B	1.56B	1.78B	2.29B	2.13B
Stockholders Equity	748.83M	750.76M	785.85M	1.11B	1.67B	2.11B
Cash Flow
Free Cash Flow	43.86M	77.73M	100.53M	134.87M	74.06M	121.10M
Operating Cash Flow	44.84M	79.53M	106.52M	141.91M	111.82M	156.71M
Investing Cash Flow	6.87M	22.48M	27.93M	110.23M	-23.84M	-50.75M
Financing Cash Flow	-50.80M	-108.89M	-161.99M	-231.97M	-136.51M	-61.12M

Shirble Department Store Holdings (China) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Negative
• 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:0312, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.77 is Neutral, neither overbought nor oversold. The STOCH value of 81.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0312.

Shirble Department Store Holdings (China) 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%
0825	50 Neutral	HK$455.26M	18.67	0.76%	―	-12.99%	89.87%
0984	46 Neutral	HK$106.60M	-0.28	―	―	-3.03%	-36.45%
0162	43 Neutral	HK$51.74M	-0.08	-110.16%	―	-17.63%	-13.10%
0312	42 Neutral	HK$236.99M	-10.76	-2.41%	―	-0.83%	93.83%
0602	39 Underperform	HK$53.95M	-1.42	―	―	-13.59%	76.48%

Shirble Department Store Holdings (China) Ltd. Corporate Events

Shirble Extends Overdue Consultancy Fee Repayment Amid China Property Slump

Shirble Department Store Holdings (China) Limited has agreed to further extend the payment schedule for overdue consultancy fees owed by project company SRF related to the IEC Project, after SRF notified the group it could not meet previously agreed repayment dates amid a persistently weak Chinese property market, tight bank financing and constrained cash flow. The board, noting that it is an unsecured creditor and that all of SRF’s equity is pledged to a financial institution, concluded that prolonging the settlement period offers the best chance of eventual recovery without disrupting the project’s construction or SRF’s repayment capacity, despite a full impairment already being booked on the receivable; shareholders will be asked at an extraordinary general meeting to approve the consultancy fees payment extension agreement, and are cautioned to exercise care when trading the company’s securities due to the associated uncertainties.

The most recent analyst rating on (HK:0312) stock is a Sell with a HK$0.05 price target. To see the full list of analyst forecasts on Shirble Department Store Holdings (China) Ltd. stock, see the HK:0312 Stock Forecast page.