Kasen International Holdings Ltd. (0496) AI Stock Analysis

• Market Cap: HK$560.15M
• Dividend Yield: N/A
• Average Volume (3M): 148.87K
• Price to Earnings (P/E): 6.4
• Beta (1Y): 0.33
• Revenue Growth: 5.63%
• EPS Growth: -11.50%
• Country: HK
• Employees: 2,431
• Sector: Real Estate
• Sector Strength: 69
• Industry: Real Estate - Development
• EPS (TTM): 0.03
• Shares Outstanding: 1,836,541,400
• 10 Day Avg. Volume: 31,500
• 30 Day Avg. Volume: 148,866
• PEG Ratio: -0.12
• Price to Book (P/B): 0.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.43
• 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: 65 Neutral
• Price Target: ―

Kasen International Holdings Ltd.'s overall stock score reflects a balance of strengths and challenges. Strong revenue growth and operational margins are positive, but concerns about cash flow generation and slight declines in profitability temper enthusiasm. Technical indicators suggest stability with neutral momentum, while a low P/E ratio points to potential undervaluation.

Kasen International Holdings Ltd. Business Overview & Revenue Model

Company Description

Kasen International Holdings Limited, an investment holding company, manufactures and sells upholstered furniture in the United States, the People's Republic of China, Europe, and internationally. It operates through Manufacturing and Trading of Upholstered Furniture, Properties Development, and Others segments. The company produces and sells sofas, dining chairs, and other furniture products; and glass fiber reinforced plastic products. It also develops properties; provides catering services; operates resorts; and provides property management and tourism resort-related services. In addition, the company engages in the operation of a restaurant and hotel, waterpark, and provision of travel-related services; wood processing activities; and trading of leather products. Kasen International Holdings Limited was founded in 1995 and is headquartered in Haining, the People's Republic of China.

How the Company Makes Money

Kasen International Holdings Ltd. generates revenue through multiple streams. The primary source of income is the manufacturing and sale of upholstered furniture, which is sold to various markets around the world. Additionally, the company is involved in property development, where it develops residential and commercial properties, generating sales and rental income. Furthermore, Kasen operates tourist resorts that contribute to its revenue through hospitality services. The company's earnings are bolstered by strategic partnerships and investments in joint ventures that enhance its market presence and operational capabilities. These diversified operations allow Kasen to capitalize on opportunities in different sectors, contributing to its overall profitability.

Kasen International Holdings Ltd. Financial Statement Overview

Summary

Kasen International Holdings Ltd. shows improving revenue and operational margins, indicating better cost management. However, challenges in net profit margins and the absence of cash flow data for 2024 raise concerns about cash generation. The balance sheet is strong with moderate leverage and a solid equity position.

Income Statement

Kasen International Holdings Ltd. has shown a recovery in revenue with a growth rate of 7.20% from 2023 to 2024 after previous years of decline. Gross profit margin improved to 39.08% in 2024 from 36.54% in 2023, indicating better cost management. However, net profit margin decreased slightly from 7.36% to 6.19%, showing reduced efficiency in converting revenue to net income. The EBIT margin improved to 15.36% in 2024, reflecting better operational performance.

Balance Sheet

The company maintains a stable balance sheet with a debt-to-equity ratio of 0.23 in 2024, indicating moderate leverage. The equity ratio remains healthy at 60.45%, suggesting a strong capital structure. ROE decreased slightly to 1.67% in 2024 from 1.88% in 2023, highlighting a slight decline in profitability on equity.

Cash Flow

The absence of operating cash flow and free cash flow in 2024 raises concerns about the company's cash generation ability. The free cash flow growth rate is not calculable due to the lack of data. These factors indicate potential liquidity issues and a need for improvement in cash flow management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.03B	956.76M	863.43M	1.51B	1.26B
	Gross Profit
400.77M	349.66M	250.55M	559.57M	419.50M
	EBIT
157.56M	103.70M	-16.37M	205.82M	107.63M
	EBITDA
213.64M	237.63M	44.05M	284.83M	183.40M
	Net Income Common Stockholders
63.53M	70.43M	68.28M	220.04M	114.97M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
301.69M	567.54M	460.31M	279.57M	324.03M
	Total Assets
6.29B	5.98B	5.82B	5.97B	6.28B
	Total Debt
866.90M	759.21M	821.52M	846.68M	939.92M
	Net Debt
565.21M	191.67M	361.21M	567.11M	642.24M
	Total Liabilities
2.26B	2.17B	2.11B	2.32B	2.84B
	Stockholders Equity
3.80B	3.75B	3.68B	3.62B	3.40B
Cash Flow		Free Cash Flow
0.00	224.35M	37.46M	-31.68M	56.32M
	Operating Cash Flow
0.00	273.13M	45.47M	84.05M	163.87M
	Investing Cash Flow
0.00	38.67M	269.83M	41.61M	1.98M
	Financing Cash Flow
0.00	-205.75M	-125.77M	-146.50M	-104.24M

Kasen International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0496, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.33, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.35 is Neutral, neither overbought nor oversold. The STOCH value of 16.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0496.

Kasen International Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0496	65 Neutral	HK$560.15M	6.39	1.68%	―	5.63%	-11.50%
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%
GRDZF		$280.01M	10.13	10.30%	1.13%	―	―
9JW		€1.70M	―		―	―	―
0331	78 Outperform	HK$2.54B	5.31	49.10%	3.73%	3.11%	-2.34%
0557	56 Neutral	HK$307.21M	―	-16.11%	―	-40.65%	-121.13%
2198	54 Neutral	HK$2.10B	3.53	11.49%	―	47.32%	492.76%

Kasen International Holdings Ltd. Corporate Events

Kasen International Announces Delay in Whitewash Circular Dispatch

Kasen International Holdings Ltd. announced a further delay in the dispatch of its Whitewash Circular, initially set for April 30, 2025, now extended to no later than May 19, 2025. This delay is due to the need for additional time to finalize important information, including property valuation reports and financial advisories, impacting the company’s operations and requiring shareholder and executive approval for the Whitewash Waiver.

Kasen International Holdings Announces 2025 AGM Details

Kasen International Holdings Ltd. has announced the details of its upcoming Annual General Meeting scheduled for May 30, 2025, in Haining, Zhejiang Province, China. Key agenda items include the adoption of the 2024 financial statements, re-election of directors, and authorization of directors’ remuneration. Additionally, the company will seek approval to allot and issue additional shares, which could impact its capital structure and shareholder value.

Kasen International Holdings Ltd. Announces 2024 Financial Results

Kasen International Holdings Ltd. reported its audited consolidated results for the year ended December 31, 2024, showing a revenue increase to RMB 1,025,691,000 from RMB 956,757,000 in 2023. The company’s profit for the year rose to RMB 69,684,000, with a slight increase in total comprehensive income to RMB 72,264,000, indicating a stable financial performance and potential positive implications for stakeholders.

Kasen International Delays Whitewash Circular Dispatch

Kasen International Holdings Ltd. has announced a delay in the dispatch of its Whitewash Circular related to the proposed conversion of convertible bonds and an application for a Whitewash Waiver. The delay is due to the need for additional time to prepare necessary documents, including a property valuation report and financial statements, and is now expected to be dispatched by April 30, 2025. The waiver and bond conversion are contingent on approvals from the Executive and Independent Shareholders, and the company advises caution to shareholders and potential investors.

Kasen International Holdings Schedules Board Meeting for Annual Results and Dividend Consideration

Kasen International Holdings Ltd. has announced a board meeting scheduled for March 31, 2025. The meeting will focus on approving the company’s consolidated annual results for the year ending December 31, 2024, and considering a final dividend recommendation. This announcement indicates the company’s ongoing financial management and potential shareholder returns.