CASH Financial Services Group (0510) AI Stock Analysis

• Market Cap: $209.12M
• Dividend Yield: N/A
• Average Volume (3M): 1.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.98
• Revenue Growth: 51.58%
• EPS Growth: 69.53%
• Country: HK
• Employees: 100
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.03
• Shares Outstanding: 431,174,770
• 10 Day Avg. Volume: 1,472,509
• 30 Day Avg. Volume: 1,384,901
• PEG Ratio: 0.07
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 4.12
• P/FCF Ratio: 13.58
• Enterprise Value/Market Cap: 0.45
• Enterprise Value/Revenue: 2.23
• Enterprise Value/Gross Profit: 2.23
• Enterprise Value/Ebitda: -6.63
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: HK$0.50 ▲(4.17% Upside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenue and persistent losses. Technical analysis indicates weak momentum, further weighing on the score. The negative P/E ratio and lack of dividend yield contribute to a low valuation score, reinforcing the stock's unattractiveness.

Positive Factors

Revenue Growth

The company has shown significant revenue growth, indicating potential market expansion and increased client engagement, which could enhance its competitive position in the financial services sector.

Business Model Strength

CASH Financial Services Group's diverse range of financial solutions and innovative products cater to both individual and institutional clients, providing a strong foundation for sustained business growth and client retention.

Partnerships

Strategic partnerships enhance the company's offerings and operational efficiency, supporting long-term revenue generation and competitive advantage in the financial services industry.

Negative Factors

Financial Instability

The decline in equity indicates financial stress, which may impact the company's ability to invest in growth opportunities and maintain operational stability over time.

Cash Flow Issues

Negative free cash flow suggests cash outflows exceed inflows, highlighting inefficiencies in cash generation that could limit the company's financial flexibility and ability to fund operations.

Profitability Challenges

Consistent net losses and negative profit margins reflect operational challenges, undermining the company's ability to generate sustainable profits and impacting long-term viability.

CASH Financial Services Group Business Overview & Revenue Model

Company Description

CASH Financial Services Group Limited, an investment holding company, provides financial products and services in the People's Republic of China. The company engages in the online and traditional brokerage of securities, futures, and options, as well as offers mutual fund, mandatory provident fund, and general and life insurance products. It also trades in debt and equity securities, and derivatives; and provides margin financing, money lending, and asset management services. In addition, the company offers investment banking, wealth management, payment gateway, treasury management, and cryptocurrency brokerage services, as well as financial advisory consultancy services. Further, it engages in the property holding business. The company was founded in 1972 and is headquartered in Kowloon Bay, Hong Kong.

How the Company Makes Money

CASH Financial Services Group generates revenue primarily through brokerage commissions from securities trading, management fees from its asset management services, and advisory fees for investment consultations. The company also earns income through interest on margin financing and other financial services provided to clients. Significant partnerships with financial institutions and technology providers enhance its offerings and operational efficiency, contributing to its overall earnings. Additionally, the growth in retail and institutional trading volumes, as well as the expansion of its product suite, play a crucial role in driving the company's revenue.

CASH Financial Services Group Financial Statement Overview

Summary

CASH Financial Services Group is experiencing financial difficulties with deteriorating revenue and persistent losses. The balance sheet shows a stable equity base, but declining equity over the years signals potential financial instability. Cash flow issues further emphasize these challenges, making it critical for the company to address its operational inefficiencies and financial risks to improve its overall financial health.

Income Statement

The company's revenue has been declining, with a significant drop from 2020 to 2021 and a continued decrease in 2022 and 2023. The Gross Profit Margin is 100% for 2023, indicating that all revenue is gross profit, but this is due to negative costs or accounting practices rather than operational efficiency. Net Profit Margins are negative across the years, reflecting consistent net losses, and there is a negative Revenue Growth Rate. The EBIT and EBITDA margins are also negative, showing operational challenges.

Balance Sheet

The company has a moderate Debt-to-Equity Ratio, indicating manageable leverage levels relative to equity, but total liabilities outweigh assets. ROE is negative, consistent with the net losses, reflecting unprofitability in generating returns on equity. The Equity Ratio is relatively stable, suggesting a solid equity base compared to total assets. However, declining equity indicates financial stress.

Cash Flow

The company consistently reports negative Free Cash Flow, indicating cash outflows exceeding inflows. Operating Cash Flow to Net Income Ratio is not calculable due to zero or negative values. The Free Cash Flow to Net Income Ratio is also negative, pointing to inefficiencies in cash generation relative to net losses. Free Cash Flow Growth has been negative, reflecting ongoing financial challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	42.20M	40.78M	46.38M	62.54M	84.31M	109.17M
Gross Profit	42.20M	40.78M	3.54M	28.34M	50.89M	78.20M
EBITDA	-14.22M	-10.13M	-61.44M	-33.85M	-39.26M	-26.32M
Net Income	-28.92M	-35.10M	-95.25M	-63.77M	-53.47M	-39.18M
Balance Sheet
Total Assets	787.92M	713.92M	869.10M	1.05B	1.30B	1.47B
Cash, Cash Equivalents and Short-Term Investments	133.44M	88.49M	190.73M	243.57M	203.58M	234.09M
Total Debt	25.03M	25.10M	133.45M	176.52M	152.35M	130.92M
Total Liabilities	589.87M	496.86M	613.23M	714.27M	883.21M	1.01B
Stockholders Equity	192.87M	206.78M	251.20M	330.32M	403.83M	445.34M
Cash Flow
Free Cash Flow	-22.77M	12.37M	-2.94M	-57.47M	-17.80M	-36.43M
Operating Cash Flow	-22.74M	12.39M	-2.82M	-55.96M	-13.36M	-34.66M
Investing Cash Flow	15.56M	16.50M	-1.72M	-510.00K	-5.13M	-8.71M
Financing Cash Flow	-48.22M	-94.11M	-87.06M	18.29M	12.73M	-60.78M

CASH Financial Services Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0510, the sentiment is Negative. The current price of 0.48 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.53, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.60 is Neutral, neither overbought nor oversold. The STOCH value of 36.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0510.

CASH Financial Services Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8168	56 Neutral	HK$179.50M	-25.45	-34.27%	―	-30.21%	-305.00%
8098	47 Neutral	HK$103.40M	-5.22	-10.11%	―	-3.21%	-184.91%
0510	45 Neutral	$209.12M	-7.08	-13.85%	―	51.58%	69.53%
8123	41 Neutral	HK$77.49M	-0.93	-129.94%	―	-81.40%	-435.00%
8193	41 Neutral	HK$33.02M	1.68	47.82%	―	34.66%	―
0821	41 Neutral	HK$98.79M	-0.74	-28.22%	―	―	48.53%

CASH Financial Services Group Corporate Events

CASH Financial Services Group Announces New Hong Kong Office Location

CASH Financial Services Group Limited has announced a change in the address of its head office and principal place of business in Hong Kong. The new location is 28/F Manhattan Place, 23 Wang Tai Road, Kowloon Bay, Hong Kong, effective from November 21, 2025. This move may reflect strategic operational adjustments and could have implications for the company’s logistical and operational efficiencies.

The most recent analyst rating on (HK:0510) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CASH Financial Services Group stock, see the HK:0510 Stock Forecast page.

CASH Financial Services Group Updates 2024 Annual Report on Share Options

CASH Financial Services Group Limited announced a supplemental update to its 2024 Annual Report, specifically regarding its Share Option Scheme. The update clarifies that the 300,000 share options previously held by former director Mr. Law Hin Ong Trevor have lapsed following his resignation on January 10, 2024. This additional information does not affect any other details in the annual report, and all other information remains unchanged.

The most recent analyst rating on (HK:0510) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on CASH Financial Services Group stock, see the HK:0510 Stock Forecast page.

CASH Financial Services Ends Transaction Talks, Trading Resumes

CASH Financial Services Group Limited and Celestial Asia Securities Holdings Limited have announced the cessation of discussions regarding a potential transaction involving equity interests in CFSG. No formal agreement was reached, and the offer period has ended. Consequently, CFSG will no longer issue monthly updates on the transaction’s progress. Trading in the shares of both companies, which was halted pending this announcement, has resumed on the Hong Kong Stock Exchange.

The most recent analyst rating on (HK:0510) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on CASH Financial Services Group stock, see the HK:0510 Stock Forecast page.

CFSG Reports Unusual Trading Activity Amid Potential Transaction Talks

CASH Financial Services Group Limited (CFSG) has announced unusual price and trading volume movements in its shares, attributed to discussions between its controlling shareholder, Celestial Investment Group Limited (CIGL), and an independent third party regarding a potential transaction involving equity interests in CFSG. This potential transaction, if realized, could significantly impact CFSG’s market positioning and shareholder interests under the Takeovers Code. As of now, no definitive agreement has been reached, and CFSG will continue to provide monthly updates until a decision is made.