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Applied Development Holdings Limited (HK:0519)
:0519
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Applied Development Holdings (0519) AI Stock Analysis

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HK:0519

Applied Development Holdings

(0519)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
HK$0.15
▼(-36.52% Downside)
Action:Reiterated
Date:06/14/26
The score is held back primarily by weak financial quality—especially consistently negative operating/free cash flow and weak underlying operating profitability—alongside a bearish technical backdrop with the stock trading below major moving averages. A relatively low P/E offers some valuation support but is not enough to offset the cash-flow and trend risks.
Positive Factors
Moderate leverage and balance-sheet flexibility
Net leverage around 0.23 and an improving debt ratio provide durable financial flexibility. A stronger balance sheet reduces refinancing risk, supports working capital needs, and gives management runway to invest in operations or pursue asset actions without immediately diluting shareholders or cutting critical spending.
Negative Factors
Persistent negative operating and free cash flow
Consistent operating and free cash outflows undermine earnings quality and force reliance on financing or asset transactions. Over months to years this increases liquidity and refinancing risk, constrains capex and investment, and can compel dilutive or disruptive funding actions if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage and balance-sheet flexibility
Net leverage around 0.23 and an improving debt ratio provide durable financial flexibility. A stronger balance sheet reduces refinancing risk, supports working capital needs, and gives management runway to invest in operations or pursue asset actions without immediately diluting shareholders or cutting critical spending.
Read all positive factors

Applied Development Holdings (0519) vs. iShares MSCI Hong Kong ETF (EWH)

Applied Development Holdings Business Overview & Revenue Model

Company Description
Headquartered in Hong Kong, Applied Development Holdings Limited operates as an investment holding company with a diversified business scope. The firm is actively involved in real estate ventures, including the development and investment of proper...
How the Company Makes Money
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Applied Development Holdings Financial Statement Overview

Summary
Reported profitability improved with net income turning positive in 2025, and leverage is moderate (debt-to-equity ~0.23). However, operating performance remains weak (negative EBIT, near-breakeven EBITDA) and revenue is volatile. The largest concern is persistently negative operating cash flow and free cash flow, which undermines earnings quality and sustainability.
Income Statement
38
Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue40.99M35.67M43.90M97.26M11.13M253.98M
Gross Profit26.11M15.91M24.47M27.09M7.21M21.73M
EBITDA-34.59M34.00K-5.00M9.19M-3.64M19.84M
Net Income48.91M9.05M-50.61M-43.67M-162.88M-60.23M
Balance Sheet
Total Assets1.23B1.27B1.27B1.30B1.44B1.65B
Cash, Cash Equivalents and Short-Term Investments94.57M133.50M194.79M167.78M262.96M497.91M
Total Debt171.10M178.19M199.99M210.12M244.22M293.25M
Total Liabilities465.83M481.66M501.14M497.67M563.37M605.47M
Stockholders Equity766.57M790.74M771.68M797.46M872.99M1.05B
Cash Flow
Free Cash Flow-41.35M-38.69M-7.04M-38.59M-58.21M-91.95M
Operating Cash Flow-36.18M-33.80M-6.96M-38.56M-56.44M-91.93M
Investing Cash Flow52.11M74.73M15.14M25.55M94.43M-123.48M
Financing Cash Flow-8.65M-21.94M26.56M-33.38M-48.76M10.92M

Applied Development Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.23
Price Trends
50DMA
0.15
Negative
100DMA
0.18
Negative
200DMA
0.20
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
45.01
Neutral
STOCH
34.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0519, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.15, and above the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.01 is Neutral, neither overbought nor oversold. The STOCH value of 34.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0519.

Applied Development Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
HK$442.81M4.8411.59%1.82%-2.78%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
54
Neutral
HK$563.83M-2.19-3.21%3.60%-2.13%22.74%
50
Neutral
HK$472.87M-2.61242.95%16.09%69.95%
47
Neutral
HK$442.99M9.061.16%59.63%
47
Neutral
HK$583.95M-14.22-4.89%6.05%-0.96%91.94%
42
Neutral
HK$429.71M27.010.63%1.15%1.53%51.58%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0519
Applied Development Holdings
0.15
0.03
28.32%
HK:0277
Tern Properties Co. Ltd.
1.55
-0.23
-12.92%
HK:0225
Pokfulam Development Co. Ltd.
5.30
0.51
10.65%
HK:0089
Tai Sang Land Development Limited
1.96
0.29
17.44%
HK:2165
Ling Yue Services Group Limited
1.55
0.20
14.81%
HK:0432
Pacific Century Premium Developments Limited
0.23
0.03
16.00%
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.Date of analysis: Jun 14, 2026