Sandmartin International Holdings Limited (HK:0482)
:0482
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Sandmartin International Holdings Limited
(0482)
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Rating:41Neutral
Price Target:
HK$0.71
▲(910.00% Upside)
Action:Reiterated
Date:05/13/26
The score is primarily constrained by weak financial performance—deepening losses, volatile/declining revenue, and a high-risk balance sheet with negative equity—partly offset by recent positive (but weakening) free cash flow. Technicals add pressure with price below key moving averages and a negative MACD, while valuation provides limited support due to a loss-driven negative P/E and no dividend yield data.
Positive Factors
Sustained positive cash flow (2024-2025)
Sustained positive operating and free cash flow in 2024–2025 provides an enduring liquidity buffer despite accounting losses. This cash generation supports near-term operations, working capital and selective capex without immediate reliance on new debt, improving survivability while any turnaround takes hold.
Negative Factors
Negative shareholders' equity (2022–2025)
Persistent negative shareholders' equity is a structural capital weakness that elevates refinancing and covenant risk, restricts access to traditional financing, and signals accumulated losses. It materially limits strategic flexibility and typically requires recapitalization or equity injection to restore a healthy balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained positive cash flow (2024-2025)
Sustained positive operating and free cash flow in 2024–2025 provides an enduring liquidity buffer despite accounting losses. This cash generation supports near-term operations, working capital and selective capex without immediate reliance on new debt, improving survivability while any turnaround takes hold.
Read all positive factors
Sandmartin International Holdings Limited (0482) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$166.87M
Dividend YieldN/A
Average Volume (3M)105.39K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth-30.67%
EPS Growth-157.90%
CountryHK
Employees1,181
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.88
Shares Outstanding245,391,140
10 Day Avg. Volume78,000
30 Day Avg. Volume105,393
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.59
Price to Sales (P/S)0.21
P/FCF Ratio6.62
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
Sandmartin International Holdings Limited Business Overview & Revenue Model
Company Description
Sandmartin International Holdings Limited, an investment holding company, manufactures and trades in satellite TV equipment and other electronic goods. It operates through Media Entertainment Platform Related Products; Other Multimedia Products; a...
How the Company Makes Money
The company primarily makes money by selling printed circuit boards (PCBs) and related products to customers (typically electronics manufacturers and/or OEM/ODM supply chains). Revenue is recognized from the delivery of PCB products (and any relat...
Sandmartin International Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 449.73M | 648.69M | 562.03M | 745.95M | 926.47M |
| Gross Profit | 31.38M | 64.20M | 73.61M | 79.69M | 121.19M |
| EBITDA | -123.66M | 14.66M | -48.36M | 23.57M | 26.04M |
| Net Income | -114.59M | -30.57M | -126.57M | -77.55M | -25.43M |
Balance Sheet | |||||
| Total Assets | 697.46M | 860.27M | 846.76M | 866.87M | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 82.00M | 69.25M | 75.33M | 87.41M | 114.96M |
| Total Debt | 386.00M | 398.10M | 421.58M | 370.45M | 390.86M |
| Total Liabilities | 905.29M | 929.43M | 883.72M | 854.01M | 921.98M |
| Stockholders Equity | -159.86M | -64.40M | -58.36M | -25.77M | 55.28M |
Cash Flow | |||||
| Free Cash Flow | 14.28M | 28.49M | -88.52M | 356.00K | -995.00K |
| Operating Cash Flow | 18.60M | 45.95M | -77.18M | 6.42M | 6.37M |
| Investing Cash Flow | 4.73M | -29.75M | -17.35M | -15.12M | -4.09M |
| Financing Cash Flow | -11.95M | -21.31M | 82.00M | -15.98M | 15.45M |
Sandmartin International Holdings Limited Technical Analysis
Negative
0.07
Price Trends
0.82
Negative
0.78
Negative
0.77
Negative
Market Momentum
-0.04
Positive
39.12
Neutral
37.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0482, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.82, and below the 200-day MA of 0.77, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 39.12 is Neutral, neither overbought nor oversold. The STOCH value of 37.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0482.
Sandmartin International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$691.48M | 7.47 | 11.92% | 2.53% | 19.80% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$583.00M | 1.67 | 4.11% | ― | 5.62% | 37.91% | |
49 Neutral | HK$151.40M | -0.40 | -29.07% | ― | -23.46% | 21.34% | |
46 Neutral | HK$88.95M | -1.99 | -30.01% | ― | -58.81% | -10.51% | |
43 Neutral | HK$137.92M | -1.50 | -26.83% | ― | 21.82% | 23.68% | |
41 Neutral | HK$166.87M | -0.82 | 83.21% | ― | -30.67% | -157.90% |
* Technology Sector Average
HK:0482
Sandmartin International Holdings Limited
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Sandmartin International Holdings Limited Corporate Events
Sandmartin Places Unsubscribed Rights Shares, Confirms Rights Issue Completion
May 8, 2026
Sandmartin International Holdings Limited has completed a rights issue on a one-for-one basis, offering new shares to existing shareholders without underwriting support. The capital raise reflects the company’s strategy of tapping shareholde...
Sandmartin Rights Issue Undersubscribed, Triggers Placing of Unallocated Shares
Apr 27, 2026
Sandmartin International Holdings reported the results of its latest rights issue, offering 123,040,372 rights shares to existing shareholders on the basis of its adjusted share capital. As of the subscription deadline, the company received five v...
Sandmartin Sets Formal Terms for Board Nomination Committee
Apr 1, 2026
Sandmartin International Holdings Limited has formalized detailed terms of reference for its Nomination Committee, a board-level body responsible for overseeing director appointments and related governance matters. The document sets out requiremen...
Sandmartin International Posts 2025 Loss and Launches Capital Reorganisation Amid Trade Headwinds
Mar 31, 2026
Sandmartin International Holdings reported full-year 2025 revenue of about HK$449.7 million and a loss attributable to shareholders of roughly HK$114.6 million, translating into a basic loss per share of around HK93.1 cents. Management attributed ...
Sandmartin Flags Sharply Wider 2025 Loss on Revenue Drop and Credit Provisions
Mar 27, 2026
Sandmartin International Holdings has warned that its consolidated net loss for the year ended 31 December 2025 will be at least HK$127 million, more than double the HK$58.5 million loss reported a year earlier. The deterioration is mainly linked ...
Sandmartin Sets Effective Date for Capital Reorganisation and Adjusted Share Trading
Mar 24, 2026
Sandmartin International Holdings Limited, a Bermuda-incorporated investment holding company listed in Hong Kong, operates primarily in electronics-related products and services for regional and international customers. Its board comprises executi...
Sandmartin Wins Shareholder Approval for Capital Reorganisation and Fundraising
Mar 23, 2026
Sandmartin International Holdings Limited announced that all resolutions proposed at its special general meeting on 23 March 2026 were duly passed by poll, confirming shareholder support for key corporate actions. The approved items include a capi...
Sandmartin Sets Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 19, 2026
Sandmartin International Holdings Limited has scheduled a board meeting for 31 March 2026 to review and approve the audited annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consi...
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.