Tao Heung Holdings Limited (HK:0573)
:0573
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Tao Heung Holdings Limited
(0573)
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Rating:52Neutral
Price Target:
HK$0.27
â–¼(-16.25% Downside)
Action:Reiterated
Date:04/27/26
The score is held up by resilient cash generation and a reasonably stable balance sheet, but is capped by continued net losses and volatile revenue. Technically, the stock shows a mild downtrend with neutral momentum, while valuation remains unattractive due to loss-making results and no stated dividend yield.
Positive Factors
Cash generation
Consistent positive operating and free cash flow, with a marked FCF improvement in 2025, provides durable liquidity and funding for operations, working capital and selective capex. Strong cash generation reduces short-term financing reliance and supports strategic flexibility during a turnaround.
Negative Factors
Persistent net losses
Sustained operating and net losses weaken retained earnings and constrain reinvestment in the restaurant network. Ongoing unprofitable results risk further equity erosion, divert management focus to cost cuts rather than growth, and increase reliance on external funding to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow, with a marked FCF improvement in 2025, provides durable liquidity and funding for operations, working capital and selective capex. Strong cash generation reduces short-term financing reliance and supports strategic flexibility during a turnaround.
Read all positive factors
Tao Heung Holdings Limited (0573) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$278.95M
Dividend Yield17.91%
Average Volume (3M)197.20K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-4.39%
EPS Growth-13.65%
CountryHK
Employees4,009
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,014,348,000
10 Day Avg. Volume69,700
30 Day Avg. Volume197,200
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.30
Price to Sales (P/S)0.14
P/FCF Ratio1.58
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
Tao Heung Holdings Limited Business Overview & Revenue Model
Company Description
Operating across Hong Kong and Mainland China, Tao Heung Holdings Limited functions as an investment holding company with a primary focus on the restaurant and bakery sectors. Its comprehensive operations encompass a wide range of activities withi...
How the Company Makes Money
The company makes money primarily by selling prepared food and beverages through its directly operated restaurants. Its main revenue stream is customer spending on dine-in meals, where revenue is recognized from orders of dishes and drinks consume...
Tao Heung Holdings Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.32B | 2.43B | 2.95B | 2.40B | 2.84B |
| Gross Profit | 151.40M | 133.07M | 325.67M | -22.91M | 195.84M |
| EBITDA | 64.76M | 311.47M | 507.95M | 247.81M | 407.42M |
| Net Income | -59.93M | -52.80M | 73.66M | -143.14M | -21.23M |
Balance Sheet | |||||
| Total Assets | 1.88B | 1.87B | 2.19B | 2.27B | 2.75B |
| Cash, Cash Equivalents and Short-Term Investments | 213.07M | 213.32M | 345.15M | 251.85M | 457.93M |
| Total Debt | 440.09M | 404.11M | 543.81M | 639.75M | 801.86M |
| Total Liabilities | 776.56M | 720.37M | 934.56M | 1.03B | 1.20B |
| Stockholders Equity | 1.09B | 1.14B | 1.23B | 1.22B | 1.53B |
Cash Flow | |||||
| Free Cash Flow | 205.52M | 159.27M | 424.35M | 167.65M | 328.29M |
| Operating Cash Flow | 283.04M | 233.79M | 523.26M | 266.73M | 454.03M |
| Investing Cash Flow | -77.52M | -73.96M | -33.12M | -87.07M | -109.10M |
| Financing Cash Flow | -227.45M | -294.82M | -337.12M | -335.05M | -455.38M |
Tao Heung Holdings Limited Technical Analysis
Positive
0.32
Price Trends
0.28
Negative
0.30
Negative
0.31
Negative
Market Momentum
>-0.01
Negative
49.64
Neutral
52.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0573, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.28, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.64 is Neutral, neither overbought nor oversold. The STOCH value of 52.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0573.
Tao Heung Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.02B | 9.44 | 12.32% | 5.56% | 7.49% | 78.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$2.97B | 18.07 | 6.13% | 6.90% | -4.50% | -29.15% | |
55 Neutral | HK$542.83M | 16.33 | 5.13% | 4.58% | -2.18% | 11.28% | |
52 Neutral | HK$278.95M | -4.64 | -8.37% | 17.91% | -4.39% | -13.65% | |
51 Neutral | HK$1.78B | 26.49 | 1.82% | 1.12% | -13.86% | 6.94% | |
50 Neutral | HK$183.35M | 16.38 | 2.32% | 21.88% | 1.02% | -71.48% |
* Consumer Cyclical Sector Average
HK:0573
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Tao Heung Holdings Limited Corporate Events
Tao Heung Renews Connected Tenancy with Dongguan Tin Yao Under HKFRS 16
Jun 5, 2026
Tao Heung Holdings Limited has renewed its master tenancy agreement with Dongguan Tin Yao for a further two-year term from 6 June 2026 to 5 June 2028, covering certain premises used by the group. Dongguan Tin Yao is deemed a connected person due t...
Tao Heung Shareholders Back All AGM Resolutions, Renewing Mandates and Board
May 28, 2026
Tao Heung Holdings Limited announced that all resolutions proposed at its annual general meeting held on 28 May 2026 were duly passed by poll with overwhelming shareholder support. Shareholders approved the audited consolidated financial statement...
Tao Heung Sets 2026 AGM and Seeks Fresh 20% Share Issue Mandate
Apr 24, 2026
Tao Heung Holdings Limited has called its annual general meeting for 28 May 2026 in Hong Kong, where shareholders will be asked to approve the audited financial statements for the year ended 31 December 2025, re-elect retiring directors and confir...
Tao Heung Widens 2025 Loss as Weak Demand and Fierce Competition Pressure Margins
Mar 25, 2026
Tao Heung Holdings reported a 4.4% decline in revenue to HK$2.32 billion for 2025 and a widened loss after tax of HK$58.7 million, while trimming its restaurant and bakery network to 85 outlets at year-end and 82 by the announcement date. Manageme...
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.